The Charity Registration Number is :- 1171528
The Dynamic Gymnastics Foundation
Trustees report and financial statements for the year ended
30 September 2024
The Dynamic Gymnastics Foundation
Report and accounts for the year ended 30 September 2024
Contents
| Page | |
|---|---|
| Charityinformation | 4 |
| Trustees’ Annual Report | 2-3 |
| Independent Accountants’ report | 4 |
| Funds Statements:- | |
| Statement of Financial Activities | 5 |
| Statement of Financial Activities - PriorYear statement | 6 |
| Income and Expenditure account | vi |
| Balance sheet | 8 |
| Notestotheaccounts | 9-17 |
The Dynamic Gymnastics Foundation Trustees’ Annual Report for the year ended 30 September 2024
Reference and administrative details
The charity name
The legal name of the charity is:- The Dynamic Gymnastics Foundation
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1171528
Legal structure of the charity
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the ClO as approved by the Charity Commission in England & Wales (CCEW).
The principal operating address of the charity is:-
18 Kielder Avenue
Beacon Lane, Cramlington
Northumberland, NE23 8JT
The Trustees in office on the date the report was approved were:-
L Hodgson, Chairman
L Anderson, Secretary
M Arries
The following persons served as Trustees during the year ended 30 September 2024 :-
L Hodgson, Chairman
L Anderson, Secretary
M Arries
1
The Dynamic Gymnastics Foundation Trustees’ Annual Report for the year ended 30 September 2024
The Trustees present their annual report together with the financial statements for the financial year to 30 September 2024.
Objects and activities of the charity
The Charity’s objects are the promotion of community participation in healthy recreation, in particular, gymnastics, by the provision of such financiai grants or assistance, and/or relevant equipment, as deemed necessary and appropriate by the Trustees.
The main activities undertaken during the year to further the charity's purpose for the public benefit.
The trustees have had regard to guidance, issued by The Charity Commission and The Fundraising Regulator, and believe that ali fundraising activities during the period of report have been professional, ethical, truthful and in the short, medium and long term relevant to the community benefit.
Fundraising efforts during the period of report have recovered significantly following the severe impact of the Covid 19 pandemic and related government restrictions imposed upon the operation of the charity's wholly-owned subsidiary, Northern Gymnastics Club CIC.
The main achievements and performance of the charity during the year.
Review of activities
The charity's wholly-owned subsidiary was able to recover to pre-pandemic levels of operation, continuing to offer gymnastics activity to both existing members and new children living in the community wishing to join the club. The club expansion project remains in a phase of slow growth as _ cost of living pressures and other constraints over the past year have had an impact.
The trustees remain confident in their approach in continuing to support the club for the long-term benefit to the children and young people of the community. The provision of year-round indoor, safe and effective physical activities for club members is, in the opinion of the trustees, vital to the health and wellbeing of our young people and the gymnastics club is highly regarded locally, with rising membership demand anda significant waiting list.
The post pandemic pressures of the national economy have affected the availability of external fund raising opportunities through grants and donations, however the trustees consider their decision for the charity to acquire the gymnastics club as a subsidiary, to have been successful. The trustees will continue to monitor the progress of its subsidiary to ensure that it continues to operate efficiently whilst delivering a high standard of service to its members, at affordable cost, and provides much needed health benefits to as many children and young people as possible.
Financial review
Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
2
The Dynamic Gymnastics Foundation Trustees’ Annual Report for the year ended 30 September 2024
Policies on reserves
In the period of report, the Charity has generated £47,056 of gross unrestricted income and has expended £12,114, leaving surpluses of £137,461 to carry forward,
The costs of general fund-raising activities have been covered from income raised from those activities. The charity incurred modest running costs of £1,786. Remaining funds are to be carried forward for use in future periods. The Charity maintains a reserve fund of £1,500, an amount that the Trustees deem adequate to meet the Charity's modest internal operational costs.
Structure, governance and management Constitution
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The|charity|is|a|Charitable|Incorporated|Organisation|incorporated|on|8|February|2017|and|commenced|operation|
|on|that|date.|
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Method of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of its Constitution dated 3rd February 2017.
Statement of Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|-|to prepare|the|accounts|in|accordance|with|United|Kingdom|Generally Accepted|
|Accounting|Practice|(United|Kingdom|Accounting|Standards|and|applicable|law).|
|-|select|suitable|accounting|policies|and|apply|them|consistently;|
|-|observe|the|methods|and|principles|in|the|Charities|SORP;|
|-|make judgments|and|accounting|estimates|that|are|reasonable|and|prudent;|
|-|prepare|the|financial|statements|on|the|going|concern|basis|unless|it|is|
|inappropriate|to presume|that|the|charity|will|continue|in|operation.|
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The Trustees are responsible for keeping proper accounting records that are sufficient to show and expiain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees’ report. This report was approved by the board of trustees on 5December 2024, and signed on their behalf by:
ChairmanL Hodgsonand Trusteeoo
3
The Dynamic Gymnastics Foundation
Report of the Independent Examiner to the Trustees of the Dynamic Gymnastics Foundation on the financial statements for the year ended 30 September 2024
We report on the financial statements of The Dynamic Gymnastics Foundation for the year ended 30 September 2024, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charity are prepared, in all material respects, in accordance with charity law applicable within the jurisdiction of England & Wales and the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2019 and applicable to ail accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW), effective January 2016, under the historical cost convention, and in accordance with the accounting policies set out in the accounts, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.
Respective responsibilities of the Trustees and the Examiner
The Charity's Trustees are responsible for the preparation of the financial statements. The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit and that an Independent Examination is needed.
It is my responsibility to:
-
Examine the financial statements under section 145 of the Act;
-
the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Act; and
~ State whether particular matters have come to my attention. ”
Independent examiner's statement
in connection with my examination, | confirm that no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form 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 not a matter considered as part of an independent examination.
| 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.
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ZZ
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Paul Dixon CTA MAAT
PD Tax & Accounting Limited Accountants and Chartered Tax Advisers Baltimore House
Baltic Business Quarter
Gateshead NE8 3DF
05-Dec-24
4
The Dynamic Gymnastics Foundation - Statement of Financial Activities for the year ended 30 September 2024
Statement of Financial Activities for the year ended 30 September 2024
| sorp Ref |
Current year Unrestricted |
Current year Restricted |
Current year Restricted |
Current year TotalFunds |
PriorYear Total Funds |
|
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| 2024 | 2024 | 2024 | 2023 | |||
| £ | £ | £ | £ | |||
| Income & Endowments from: | ||||||
| Donations & Legacies | Al | 30,557 | - | 30,557 | 30,530 | |
| Other trading activities | A3 | 15,991 | - | 15,991 | 14,613 | |
| Investments | A4 | 508 | - | 508 | 66 | |
| Other | A5 | - | - | - | 200 | |
| Total income | A | 47,056 | . | 47,056 | 45,409 | |
| Expenditure on: | ||||||
| Raising funds | B1 | 849 | - | 849 | 808 | |
| Charitable activities | B2 | 11,265 | - | 11,265 | 12,869 | |
| Total expenditure | B | 12,114 | = | 12,114 | 13,677 | |
| Net income forthe year | 34,942 | - | 34,942 | 31,732 | ||
| Netmovement infunds | 34,942 | - | 34,942 | 31,732 | ||
| Reconciliation of funds:- | E | |||||
| Total funds brought forward | 402,519 | - | 102,519 | 70,787 | ||
| Totalfundscarriedforward | 137,461 | - | 137,461 | 102,519 |
The 'SORP Ref indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
The notes attached on pages 9 to 17 form an integral part of these accounts
5
The Dynamic Gymnastics Foundation - Statement of Financial Activities for the year ended 30 September 2024
| SORP Ref |
PriorYear Unrestricted |
PriorYear Unrestricted |
PriorYear Restricted |
PriorYear Restricted |
PriorYear TotalFunds |
|
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| 2023 | 2023 | 2023 | ||||
| £ | £ | £€ | ||||
| Income from: | ||||||
| Donations & Legacies | Al | 30,530 | - | 30,530 | ||
| Other trading activities | A3 | 14,613 | . | 14,613 | ||
| Other | A5 | 200 | - | 200 | ||
| Investments | A4 | 66 | - | 66 | ||
| Totalincome | A | 45,409 | =. | 45,409 | ||
| Expenditure on: | ||||||
| Raising funds | B1 | 808 | - | 808 | ||
| Charitable activities | B2 | 12,869 | - | 12,869 | ||
| Total expenditure | B | 13,677 | - | 13,677 | ||
| Net income for theyear | 31,732 | . | 31,732 | |||
| Net movement in funds | 31,732 | - | 31,732 | |||
| Reconciliation of funds:- | E | |||||
| Total funds brought forward | 70,787 | - | 70,787 | |||
| Total funds carried forward | 102,519 | - | 102,519 | |||
| Allactivitiesderivefromcontinuing | operations |
The notes attached on pages 9 to 17 form an integral part of these accounts
6
The Dynamic Gymnastics Foundation - Statement of Financial Activities for the year ended 30 September 2024
The Dynamic Gymnastics Foundation
income and Expenditure Account for the year ended 30 September 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| income | ||
| Income from operations | 16,548 | 45,143 |
| Gift aid donations received from subsidiary undertaking | 30,000 | 30,009 |
| Investment income | ||
| Interest receivable | 508 | 66 |
| Grossincome in theyearbefore exceptional items | 47,056 | 45,209 |
| Exceptional items: | ||
| Compensation | - | 200 |
| Gross income in theyear including exceptional items | 47,056 | 45,409 |
| Expenditure | ||
| Charitable expenditure, excluding depreciation and amortisation | 2,183 | 3,787 |
| Depreciation and amortisation | 8,332 | 8,332 |
| Fundraising costs | 849 | 808 |
| Governance costs | 750 | 750 |
| Total expenditure in the year | 12,114 | 13,677 |
| Netincome before tax inthefinancial year | 34,942 | 31,732 |
| Netincome aftertax in thefinancial year | 34,942 | 31,732 |
| Retained surplus for the financial year | 34,942 | 31,732 |
| Allactivitiesderivefromcontinuingoperations |
in accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 9 to 17 form an integral part of these accounts
The Dynamic Gymnastics Foundation - Balance Sheet as at 30 September 2024
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|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|SORP|
|Note|Ref|2024|2023|
|£|£|
|Fixed|assets|A|
|Tangible|assets|5|A2|37,966|46,298|
|Investments|held|as|fixed|assets|6|A4|1|1|
|Total|fixed|assets|37,967|46,299|
|Current|assets|B|
|Debtors|7|B2|2,594|326|
|Cash|at bank|and|in|hand|B4|98,410|57,241|
|Total|current|assets|101,004|57,567|
|Creditors:|amounts|falling|due|within|
|one year|8|C1|(1,510)|(1,347)|
|Net|current|assets|99,494|56,220|
|The total net assets of the charity|137,461|102,519|
|The|total|net|assets|of the|charity|are|funded|by|the|funds|of|the|charity,|as|follows:-|
|Unrestricted|Funds|
|Unrestricted|Revenue|Funds|12|D3|137,461|102,519|
|Designated|Funds|
|Total|charity funds|137,461|102,519|
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The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006, applicable to companies subject to the small companies regime.
L Anderson Trustee z Approved by the board of trustees on ==? December 2024 The notes attached on pages 9 to 17 form an integral part of these accounts
8
The Dynamic Gymnastics Foundation
Notes to the Accounts for the year ended 30 September 2024
- 41 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW), effective January 2016, and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to ail accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Going Concern
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 30 September 2025, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
Risks and future assumptions
The Dynamic Gymnastics Foundation constitutes a public benefit entity as defined by FRS 102.
Income recognition
All income is recognised in the statement of financial activities (SOFA) once the charity has entitiement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
All income is accounted for gross, before deducting any related fees or costs.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a jega! or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Support costs are those incurred directly in support of expenditure on the objects of the charity.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled.
9
The Dynamic Gymnastics Foundation Notes to the Accounts for the year ended 30 September 2024
Volunteers
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. Policies relating to assets, liabilities and provisions and other matters.
Fixed Asset Investments
The Dynamic Gymnastics Foundations owns all of the share capital of its asset-locked trading subsidiary, Northern Gymnastics Club CIC. The CIC operates wholly for the benefit of the local community.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value or subsequent revaluation net of any depreciation and any provision for impairment. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Plant and machinery
10% straight line
Debtors
Trade and other debtors are measured at their recoverable amounts at the balance sheet date. Prepayments are measured at the amount prepaid.
Creditors and provisions
A liability is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. They have not been designated for other purposes.
Restricted funds are funds which are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financiai statements.
10
The Dynamic Gymnastics Foundation
Notes to the Accounts for the year ended 30 September 2024
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.
3 Net surpius before tax in the financial year
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| £ | £ | |||
| The net surplus before tax in the financial year is stated after charging:- | ||||
| Depreciation ofowned fixed assets | 8,332 | 8,332 | ||
| 4 | Remuneration and payments to Trustees and persons connected with them | |||
| No trustees or persons connected with them received anyremuneration from the charity. | ||||
| 5 | Tangible fixed assets | |||
| Plant & Machinery |
see | |||
| £ | £ | |||
| Cost | ||||
| At 1 October2023 | 83,323 | 83,323 | ||
| Additions | as | a | ||
| At 30 September2024 | 83,323 | 83,323 | ||
| Depreciation | ||||
| At 1 October2023 | 37,025 | 37,025 | ||
| Charge forthe year | 8,332 | 8,332 | ||
| At 30 September2024 | 45,357 | 45,357 | ||
| Net book value | ||||
| At 30 September 2024 | 37,966 | 37,966 | ||
| At30September2023 | 46,298 | 46,298 |
5 Tangible fixed assets
11
The Dynamic Gymnastics Foundation
Notes to the Accounts for the year ended 30 September 2024
6 investments heid as fixed assets
| Investments | ||
|---|---|---|
| in | Total | |
| subsidiaries | ||
| £ | £ | |
| Carrying values of investments | ||
| At 1 October 2023 | 1 | 1 |
| At 30September2024 | 1 | i |
| Analysis between fairvalue and historical cost | ||
| Investmentsasaboveheld at historical cost, less any write down |
1 | 1 |
| 7 Debtors | ||
| 2024 | 2023 | |
| £ | £ | |
| Trade debtors | 2,257 | 69 |
| Prepaymentsand accrued income | 337 | 257 |
| 2,594 | 326 | |
| 8 Creditors: amounts falling due within one year | 2024 | 2023 |
| £ | £ | |
| Accruals | 750 | 750 |
| PAYE, NIC VAT and other taxes | 760 | 597 |
| 1,510 | 1,347 | |
| 9 income and Expenditure accountsummary | 2024 | 2023 |
| £ | £ | |
| At 1 October 2023 | 102,519 | 70,787 |
| Surplus after tax for the year | 34,942 | 31,732 |
| At30September2024 | 137,461 | 102,519 |
10 Related party transactions
During the year, The Dynamic Gymnastics Foundation held the entire capital (1 share for £1) of the Northern Gymnastics Club CIC, which is its wholly owned asset-locked trading subsidiary.
During the year , The Dynamic Gymnastics Foundation made grants to the Northern Gymnastics Club CIC for the hire of gymnastics equipment, totalling £1,800, and for club leotards, totalling £111.
12
The Dynamic Gymnastics Foundation
Notes to the Accounts for the year ended 30 September 2024
11 Particulars of how particular funds are represented by assets and liabilities
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|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|At 30|September 2024|Unrestricted|Designated|Restricted|Total|
|funds|funds|funds|Funds|
|£|£|£|£|
|Tangible|Fixed|Assets|37,966|-|-|37,966|
|Investments|at|valuation:-|
|Fixed asset|investments|1|-|-|1|
|Current|Assets|401,004|101,004|
|Current|Liabilities|(1,810)|-|-|(1,510)|
|137,461|-|-|137,461|
|At|1|October 2023|Unrestricted|Designated|Restricted|Total|
|funds|funds|funds|Funds|
|£|£|£|£|
|Tangible|Fixed|Assets|46,298|.|-|46,298|
|Investments|at|valuation:-|
|Fixed|asset|investments|1|-|-|1|
|Current|Assets|57,567|-|-|57,567|
|Current|Liabilities|(1,347)|s|(1,347)|
|102,519|-|-|102,519|
|Change|in|total|funds|over the the|year as shown as shown shown|in|Note|11|,|analysed|by|individual|funds|
|Funds|Movement|in|Funds|carried|
|brought|funds|in|2024|Transfers|forward|to|
|forward|from|between funds|2025|
|2023|in|2024|
|See|Note|13|
|£|£|£|£|
|Unrestricted and designated|funds:-|
|Unrestricted|Revenue|Funds|102,519|34,942|-|137,461|
|Total|unrestricted|and|designated|funds|102,519|34,942|-|137,461|
|Restricted funds:-|
|Total|restricted|funds|.|:|:|-|
|Total|charity funds|102,519|34,942|.|137,461|
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42 Change in total funds over the the year as shown as shown shown in Note 11 , analysed by individual funds
13
The Dynamic Gymnastics Foundation
Notes to the Accounts for the year ended 30 September 2024
13 Analysis of movements in funds over the year as shown in Note 12
| Other | |||||
|---|---|---|---|---|---|
| income | Expenditure | Gains& | Movement | ||
| Losses | in funds | ||||
| 2024 | 2024 | 2024 | 2024 | ||
| £ | £ | £ | £ | ||
| Unrestrictedanddesignated funds:- | |||||
| Unrestricted Revenue Funds | 47,056 | (12,114) | - | 34,942 | |
| 47,056 | (12,114) | - | 34,942 |
14 The purposes for which the funds as detailed in note 12 are held by the charity are:-
Unrestricted and designated funds:-
Unrestricted funds are available for use at the discretion of the trustees in Unrestricted genera! funds furtherance of the general objectives of the charity. They have not been designated for other purposes.
Restricted funds:-
- There were no restricted funds in the reporting period.
15 Ultimate controlling party
The charity is under the contro! of its trustees
14
The Dynamic Gymnastics Foundation
Detaited analysis of income and expenditure for the year ended 30 September 2024 as required by the SORP
16 Donations and Legacies
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Current year|Current|year|Current|year|Prior|Year|
|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Funds|Funds|
|2024|2024|2024|2023|
|£|£|£|£|
|Donations|and|gifts|
|Smait|donations|individually|less|than|£1000|557|es|557|530|
|Gift|aid|donations|from|subsidiary|undertakings|30,000|7|30,000|30,000|
|Totai|donations and gifts from|individuals|30,557|“—|30,557|30,530|
|Total|Donations|and|Legacies|A|30,557|-|30,557|30,530|
|Income|from|trading|activities|
|Current|year|Current|year|Current|year|Prior|Year|
|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Funds|Funds|
|2024|2024|2024|2023|
|£|£|£|£|
|income|from|fundraising|events|4,088|-|4,088|3,668|
|Hire|of|charity|owned|assets|7,800|-|7,800|6,000|
|Spectator seat income|3,882|-|3,882|4,722|
|Income|from|the|sale|of donated|goods|221|-|221|223|
|Total from|other|activities|A3|15,991|-|:|15,991|14,613|
|Investment|income|
|Current|year|Current|year|Current|year|Prior|Year|
|Unrestricted|Restricted|Total Funds|Total|Funds|
|Funds|Funds|
|2024|2024|2024|2023|
|£|£|£|=|
|Bank|Interest|Receivable|508|-|508|66|
|Total investment|income|A4|508|-|:|§08|66|
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17 Income from trading activities
18 Investment income
15
The Dynamic Gymnastics Foundation
Detailed analysis of income and expenditure for the year ended 30 September 2024 as required by the SORP
19 Expenditure on charitable activities- Grant funding of activities
| Current year | Current year | Current year | Prior Year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | ||||
| 2024 | 2024 | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Grants made to individuals | 85 | - | 85 | - | |
| Grants to institutions | 41,914 | - | 1,911 | 3,600 | |
| Total grantmaking costs | B2c | 1,996 | - | 1,996 | 3,600 |
| Support costs for charitable activities | |||||
| Current year | Current year | Current year | Prior Year | ||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | ||||
| 2024 | 2024 | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Administrative overheads | |||||
| Trustee indemnity insurance | 187 | - | 187 | 187 | |
| Financial costs | |||||
| Depreciation& Amortisation in total forthe period | 8,332 | - | 8,332 | 8,332 | |
| Support costs before reallocation | 8,519 | - | 8,519 | 8,519 | |
| Totalsupportcosts | 8,519 | -_ | 8,519 | 8,519 |
20 Support costs for charitable activities
The basis of allocation of costs between activities is described under accounting policies
21 Other Expenditure - Governance costs
| Current year | Current year | Current | year | Prior Year | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Funds | |||||
| 2024 | 2024 | 2024 | 2023 | |||
| £ | £ | £ | £ | |||
| Accountancy costs | 750 | - | 750 | 750 | ||
| TotalGovernancecosts | 750 | - | : | 750 | 750 |
16
The Dynamic Gymnastics Foundation
Detailed analysis of income and expenditure for the year ended 30 September 2024 as required by the SORP
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|||||||||
|---|---|---|---|---|---|---|---|
|22|Total|Charitable|expenditure|
|Current|year|Current|year|Current|year|Prior|Year|
|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Funds|Funds|
|2024|2024|2024|2023|
|£|£|£|£|
|Total|grantmaking|costs|B2c|1,996|-|41,996|3,600|
|Total|support|costs|B2d|8,519|=|8,519|8,519|
|Total|Governance|costs|B2e|750|-|750|750|
|Total|charitable|expenditure|B2|11,265|-|411,265|12,869|
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23 Expenditure on raising funds and costs of investment management
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|||||||||
|---|---|---|---|---|---|---|---|
|Current|year|Current|year|Current|year|Prior Year|
|Unrestricted|Restricted|Total Funds|Total|Funds|
|Funds|Funds|
|2024|2024|2024|2023|
|£|£|£|£|
|849|-|849|808|
|Total|fundraising|costs|Bi|849|-|849|808|
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Raising funds
17