COMPANY REGISTRATION NUMBER: 07435883
CHARITY REGISTRATION NUMBER: 1173908
NOTTs)1'￿¥tkn￿
ACADEMY
Company Limited by Guarantee
Unaudited Financial Statements
31st December 2024
ILIFFE POULTER LTD
Chartered accountants
1A Bonington Road
Mapperley
Nottingham
England
NG3 5JR

Notts Gymnastics Academy
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Statement of cash flows
Notes to the financial statements
10

Notts Gymnastics Academy
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report)
Year ended 31 December 2024
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 December 2024.
Chairfs report
The trustees are pleased to present their annual directors. report together with the financial statements
of the charity for the year ending 31 December 2024 which are also prepared to meet the
requirements for the directors. report and accounts for Companies Act purposes. The financial
statements comply with the Charities Act 2011. the companies Act 2006, the memorandum and
Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102).
Reference and administrative detsils
Registered charity name
Notts Gymnastics Academy
Charity registration number
1173908
Company registration number 07435883
Principal office and registered Boundary Road
office
West Bridgford
Nottingham
NG2 7BW
England
The trustees
N Bowdler
A M Coventry
K Cuddington
J S Jackson
J A Marsh
C E Walters
(Resigned 13 November 2024)
Independent examiner
Iliffe Poulter Ltd
1A Bonington Road
Mappedey
Nottingham
England
NG3 5JR

Notts Gymnastics Academy
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (¢ondnued)
Year ended 31 December 2024
Structure, governance and management
Directors and Trustees
The directors of the charitable company (the charity) are its trustees for the purpose of charity law.
Governing Document
Memorandum and articles incorporated 10 Nov 2010 as amended by special resolution registered at
Companies House on 04 Jul 2017
Objectives and activities
Academy Objectives
To create a safe and enjoyable environment for all gymnasts regardless of age, ability or
fitness levels.
To develop health, fitness and social integration, whilst contribution towards physical and
psychological well-being.
To provide a structured system and pathway providing all our members a suitable opportunity
to experience gymnastics, regardless of age or ability" through Women's, Men's, Acro,
Gymnastics For All, Preschool, Adult sessions and Disability inclusive classes.
Increase the skill and fitness levels of all gymnasts using general and precise condttioning and
preparation.
Produce methodical and progressive training programmes for all gymnasts at all levels.
To encourage all coaching staff to keep up to date knowledge of development programmes,
the international code of points, national grades, regional and national rules.
To encourage and support coaches and judges to attend courses, improve their qualifications,
knowledge and experience.
To achieve broad and consistent Suc￿sS across all levels of compelition. NGA representation
across all of the British National Squads. with regular selections to major international
competitions.
To help every individual realise their full potential as a gymnast, coach andlor judge and enjoy
a fit and healthy sporting career.

Notts Gymnastics Academy
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (¢ondnued)
Year ended 31 December 2024
Achievements and performance
2024 has been a pivotal year for the Academy the culmination of ten years work on our facilities
redevelopment project were realised when we relaunched in July with new and improved areas for our
gymnasts, coaches and parents alike.
We celebrated the ofFicial opening in front of an audience of supporters, families and VIP sporting
guests including Sam Oldham, Nile Wilson, Kristian Thomas and Frank Baines with the ribbon itself
cut by Rushcliffe Borough Councillor Jonathan Wheeler.
Plans for further expansion. including knocking through belween our existing gym and the old school
sports hall to create one big space. will create one of the biggest and best facilities in the UK. As the
year ended, we were just putting the finishing touches to our new Training Hall and anticipate opening
it as classes return in the new year.
On the gymnastics front, our squad gymnasts retained their fine form with success across all levels a
testament to the work our Heads of Discipline have done to build solid foundations and progressive
pathways. At the British Championships we took 3 titles & 9 medals from 20 competitors spread
across 5 age categories and both MAG & WAG disciplines. Across the home nations (English, Welsh
& Scottish) championships a further 5 titles & 36 medals from 26 compelitors. There was also team
success with our Senior MAG team winning the prestigious Adams shield for the second time in 8
years. Finally, our gymnasts secured 11 intemational selections (an increase of 250/0 on last year) to
represent GB, England & Scotland at European competitions & Worfd Cups.
In the development age groups we took approximately 60 gymnasts to regional competitions with an
incredible 26 (or 43 % ) securing titlesl 18 gymnasts then went on to represent the East Midlands at
National Finals. The MAG Elite Level 2 team (made up solely of NGA gymnasts, Freddie, Zachary,
Tom, William & Alfiel secured gold., Annisha was part of a silver medal winning WAG team at Excel 2
and Ben achieved an AA bronze at Elite Level 6 - after 5 years of progressively building & at his last
opportunity. There were no MAG county championships but our 9 of our WAG gymnasts became
county champions and 43 took part as they embark on their competitive joumey.
While we have been restricted on gym space for much of the year as a result of our building works we
made up for it with a bigger & better 3 day summer camp in July hosting 80 gymnasts from 8 different
clubs. The gymnasts had the opportunity to work with a number of specialist coaches and
choreographers as well as sports psychology support for parents, fun at the water sports centre and a
pizza party while watching the Olympics team final.
Our GFA squads continue to develop {now 200 strong) and are supported by our coaches taking
volunteer roles in the county & regional committees to build a sense of community and promote
growth I further events for participation. In addition to our intemal club events, there are now 10 annual
opportunities for competition and this year our teams prevailed at the novice & inter championships as
well as the East midlands regional championships.
Inclusivity remains key to the Academy with 1-1 sessions, specialised classes & adaptations within our
core programme ongoing. Our previous Head of GFA Fern has returned to the team into a new role as
Earfy years and SEND lead in September and has begun a review of our approach in this space to
refresh our offering based on latest best practi￿.
Our youngest gymnasts in Pre-school (walking 5years) have concluded their time at the Arena and
will return to Ihe refurbished Academy in 2025. Throughout the year we have expanded our gym-dots
classes, introduced the British Gymnastics Rise awards programme and welcomed other clubs to

Notts Gymnastics Academy
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (¢ondnued)
Year ended 31 December 2024
observe our sessions to support their development. We are eager to expand this part of our
programme further and hope that the quality of our coaching and enhan￿d facilities will offset the
challenges of access across the school site. Our focus on developing homegrown talent and building
strong foundations supports our squads- with 17 of the latest intakes following this pathway.
Our core GFA programme (ages s-teens) has possibly seen the greatest restrictions through our
building work - no access I viewing for parents, using outside toilets and working their set up around
the many evolving challenges presented by the construction team. Despite all that the focus on quality
has been strong and the passion felt by the coaches in this area has shone brightly with anecdotally
more gymnasts able to back-walkover (key school playground kudos) than ever before! The
appointment of daily "Lead's. and the introduction of a coordinator role. has enabled a standardisation
of the sessions. where coaches work to a progressive plan to develop skills through the gymnastic
curriculum & focus on "Being their Best. through shared debriefs and reflections. Meanwhile the
Adults programme continues to thrive. supporting -50 students through formal relationships with both
Nottingham Universities as well as a further 20 individuals (including some informally from
Loughborough). In the Autumn we said a sad farewell lo long term Head of GFA Laurence whose
stewardship of the discipline has been critical for the past 4 years. We will look to recruit and
reconsider the management structure through 2025 as we embark on a strategy to maximise the use
of our newly created training hall as well as positive impact on our local community.
On the events front. our flagship Notts Open hosted 28 clubs and 450 gymnasts from across the
country (Newcastle, Warrington, Ipswich), while our GFA in-house saw 482 of our own members
competing - many for the first time & showcasing their work across the year to friends and family. Our
Awards nights were both well attended, recognising the competitive achievements as well as progress
in line with our Academy Values and marking some fond farewells to gymnasts l Alumni. Christmas
saw the retum of our end of year celebration with displays from 26 different groups across our MAG.
WAG & Competitive disciplines. Our Management Committee have committed to an ongoing annual
calendar of events supporting all our disciplines. welcoming members & the broader gymnastics
community to our facility.
Following our attendance at the Mayor of Rushcliffe's Civic Dinner and "Celebration of a Summer of
Sport" we have established links with Nottingham Forest (both Community & Academy Programmes)
and Beeston Hockey Club with a number of collaborations being explored.
Our Fundraising Team has been rejuvenated under Helen & Bobby's leadership (the latterfs role
expanding in the summer to Facilities & Community Lead). Our roll-athon saw all of our members
participate in the rolling challenge alongside some staff members too. The event raised £8,500 with
the majority of our members generously contributing. Our new Café (Flips Tricks & Treats, named by
one of our GFA gymnasts, Islal has succeeded thanks to a consistent pool of parent volunteers. It was
awarded a 5-star food hygiene rating and keeps extending its range. We delighted to be able to offer
this community space to parents where they can watch training via the CCTV feed in an environment
rich in gymnastics memorabilia kindly donated by friends of the Academy.
We have been fortunate to receive grants from the CIF fund towards our parent & slaff spaces as well
as financial support from EMGA towards our new bleachers. Between those, the reserves we have
built up carefully over the last few years and our re￿nt fundraising efforts we are 75 % of our way
towards our final goal and hope to achieve this in stages over the next 18 months.
Our staff remain pivotal to our Suc￿sS and focus on their personal development is embedded in all
that we do, whether through our annual training days, fomialised training or infomial mentoring I
management. 3 of our coaching staff are working within UK Sport development programmes, 4
acquired new coaching & 2 judging qualifications while in our office team, Liz was recognised with an
Administrator of the year Award. Al staff renewed their Fire safety training with the changes to the
building, a first aid refresher is booked for the start of the new year, and we have suc￿SsfUllY adopted
all new BG policies.

Notts Gymnastics Academy
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (¢onttnuedJ
Year ended 31 December 2024
Other than those personnel changes already mentioned, Kirstie moved on at the conclusion of the
building project, Cam joined us to strengthen the MAG team and Joanna stepped in again to cover
Nila's Maternity leave. More broadly. we have worked to stabilise our workforce transitioning many of
our casual staff onto pemianent contracts. Young Leaders continue to progress wilh 6 of the 16
supported by Co-op Community funding to attend the new BG helper course and Welfare remains
ably & independently guided by Amy.
While the journey hasn't always been an easy one, we are grateful to all the coaches, gymnasts.
parents and management team who have coped with some difficult times along the way. The positive
attitude throughout has been admirable and we are so excited to emerge with a facility that we are
proud of, and that is the foundation to allow us to grow participation, nurture and develop this fantastic
sport well into the future.
Financial review
The financial performance of the Charity resulted in a net oufflow of unrestricted funds amounting to
£11,523 {2023= net inflow £98,269) and a net inflow of restricted funds amounting to £39,204 (2023:
net inflow £3,862) in the year to 31st December 2024.
The trustees, annual report was approved on
trustees by..
and signed on behalf of the board of
A M Coventry
Trustee

Notts Gymnastics Academy
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Notts Gymnastics Academy
Year ended 31 December 2024
We report to the trustees on our examination of the financial statements of Notts Gymnastics
Academy ('the charity,) for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act.).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, we report in respect of our examination
of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In
carrying out our examination we have followed the Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent examinerfs statement
Since the charity's gross income exceeded £250.000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. we confirm that we am qualified to undertake the examination
because we am a member of the Institute of Chartered Accountants in England and Wales (ICAEWI,
which is one of the listed bodies.
We have completed our examination. We confirm that no matters have come to our attention in
connection with the examination giving me cause to believe:
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act,. or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'true and faiff view which
is not a matter considered as part of an independent examination. or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended practi￿ for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102).
We have no concerns and have come across no other matters in connection wwth the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Iliffe Poulter Ltd
Independent Examiner
1A Bonington Road
Mappedey
Nottingham
England
NG3 5JR

Notts Gymnastics Academy
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 December 2024
2024
Restricted
funds Total funds
2023
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charilable activities
Investment income
5,266
838,830
2,267
870,727
4,108
45,000
915.727
4.108
Total Income
874,835
45,000
919.835
846,363
Expenditure
Expenditure on charitable activities
Total expenditure
886,358
5,796
892.154
744,232
886.358
5,796
892,154
744,232
Nel income and net movement in funds
(11,523)
39,204
27,681
102,131
Reconciliation of funds
Total funds broughl forward
Total funds carried forward
439,925
16,132
456.057
353,926
428.402
55,336
483,738
456,057
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 12 to 21 fomi part of these financial statements.

Notts Gymnastics Academy
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
14
299,654
98,586
Current assets
Debtors
Cash at bank and in hand
15
4,503
266,289
1,593
449,689
270.792
451,282
Creditors: amounts falling due within one year
Net current assets
16
81,160
78,147
189,632
373,135
Total assets less current liabilities
489,286
471,721
Creditors: amounts falling due after more than one year
Net assets
17
5,548
15,664
483,738
456,057
Funds of the charity
Restricted funds
Unrestricted funds
55,336
428,402
16,132
439,925
Total charity funds
19
483.738
456,057
For the year ending 31 December 2024 the charity was entitled to exemption from audil under seclion
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordan￿ with section 476..
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies. regime.
These financial statements were approved by the board of trustees and authorised for issue on
and are signed on behalf of the board by=
A M Coventry
Trustee
The notes on
es 10t0 19form
art of these financial statements.

Notts Gymnastics Academy
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 December 2024
2024
2023
Cash flows from operating activities
Net income
27,681
102,131
Adjustments for..
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar charges
Loss on disposal of heritage assets
Accrued lincome)lexpenses
26,129
(4.108)
801
12,612
(2,267)
1,019
1,034
10,083
(6.621)
Changes in."
Trade and other debtors
Trade and other creditors
(2,910)
9,635
4,791
{1,281)
128,122
Cash generated from operations
50,607
Interest paid
Interest received
(801)
4.108
(1 ,019)
2,267
Net cash from operating activities
53,914
129,370
Cash flows from investing activities
Purchase of tangible assets
Proceeds from sale of tangible assels
(232,012)
4,815
(52,439)
Net cash used in investing activities
(227,197)
(52,439)
Cash flows from financing activities
Proceeds from borrowings
Net cash froml(used in) financing activities
(10,117)
(10,117)
(10,119)
(10,119)
Nel {decrease)lincrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(183,400)
449.689
66,812
382,877
449,689
266.289

Notts Gymnastics Academy
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the
registered office is Boundary Road. West Bridgford. Nottingham. NG2 7BW, England.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabililies and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about Ihe charitys ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the temis of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.
10

Notts Gymnastics Academy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
Accounting policies {continu8dJ
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift. receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated gcK)ds is measured at the fair value of the goods unless this is
impractical to measure reliably. in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when re￿iVed rf the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of seNices is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of
financial activities to which it relates=
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable lo a single activity are allocated directly to that activity. Shared cosls are apportioned
between the activities they contribute to on a reasonable, justifiable and consistenl basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the dale of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impaimient losses.
11

Notts Gymnastics Academy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
Accounting policies {continu8dJ
Tangible assets (Continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation. is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain. in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic lrfe of that asset as follows=
Plant and machinery
Fixtures and fittings
Equipment
15% reducing balan
15% reducing balance
15% reducing balance
Impairment of fixed assets
A review for indicators of impaiment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimale is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash inflows that largely independent of
the cash inflows from other assets or groups of assets.
For impairment testing of goodwill. the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and cu￿ent liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
12

Notts Gymnastics Academy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
Accounting policies {continu8dJ
Financial instruments (¢ontinue
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives. are initially recognised at fair value, unless
payment for an asset is deferred beyond nonnal business temis or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the ex￿ptIOn of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equily instrurnents regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related seNice is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expecled to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of Ihe discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
The trust is a company limited by guarantee and has no share capital. In the event of the charity
being wound up, the liability in respect of the guarantee is limited to £1 per member of the
charity.
13

Notts Gymnastics Academy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
Charitable activities
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Grants from governments or public authorities
Women's
Men's
Acrobatics
Adult
Pre-school
General & Academy
690
80,510
76,966
45.000
45,690
80,510
76,966
36,329
63,416
612,816
36,329
63,416
612,816
870,727
45,000
915,727
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Grants from governments or public authorities
Women's
Men's
Acrobatics
Adult
Pre-school
General & Academy
500
87,372
78,280
174
30,935
55,812
585,757
500
87,372
78,280
174
30,935
55,812
585,757
5,266
838,830
5,266
838,830
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable type 1
4,108
4,108
2,267
2,267
Expenditure on Gharitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Support costs
886,358
5,796
892,154
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Support costs
742,828
1,404
744,232
14

Notts Gymnastics Academy
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 December 2024
Expenditure on charitsble activities by activity type
Support Total funds
costs
2024
Total fund
2023
Support costs
Governance costs
889,824
2,330
889.824
2.330
741,970
2,262
892,154
892.154
744,232
Analysis of support costs
Unrestricted
Funds
Restricted
Funds
Total 2024 Total 2023
Rent & Rates
Wages
Pensions
Premises expenses
Telephone and internet
Advertising
Legal and professional fees
Sports equipment costs
Employer's Social security costs
Training
Sundry expenses
Memberships and subscriptions
Travel and accommodation
Competitions and events
Accountancy
Bank charge and interest
Depreciation
Loss on disposal of asset
62.697
567.393
10.240
59,065
1,695
62,697
567,393
10,240
59,065
1,695
62,893
491,838
7,844
46,425
1,059
35
7.669
14.329
37.458
5.519
59.539
570
10,393
26,327
2.330
801
20.333
7,669
14,329
37,458
5,519
59,539
570
10,393
26,327
2,330
801
26,129
7,798
27,343
6,547
24,649
1,487
12,124
37,263
2,262
1,019
12,612
1.034
5,796
886.358
5,796
892,154
744,232
15

Notts Gymnastics Academy
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnued)
Year ended 31 December 2024
10. Net income
Net income is stated after chargingl(credwling)'.
2024
2023
Depreciation of tangible fixed assets
Loss on disposal of heritage assets
26.129
12,612
1,034
11. Independent examination fees
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,800
1,980
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
567,393
37,458
10,240
491,838
27,343
7,844
615.091
527,025
16

Notts Gymnastics Academy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
12. Staff costs (continuod)
The average head count of employees during the year was 36 (2023: 38). The average number
of full-time equivalent employees during the year is analysed as follows-
2024
No.
2023
No.
Coaches
Support staff
29
36
38
No employee received employee benefrts of more than £60,000 during the year {2023: Nil).
13. Trustee remuneration and expenses
The trustees were paid a total salaries of £45.589 on which £3,558 of employerfs national
insurance was incurred and employerfs pension contributions of £941 were paid. No expenses
were paid on behalf of the trustees. during the year.
14. Tangible fixed assets
Short
leasehold Plant and Fixtures and
property machinery
fittings Equipment
Total
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
178,252
85,207
(4,815)
258,644
178,252
232,012
(4,815)
405,449
30.821
69.844
46.140
30.821
69,844
46.140
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
79,666
18,219
79,666
26,129
4,809
3.101
97,885
4,809
3.101
105,795
Carying amount
At 31 December 2024
30.821
160,759
65,035
43.039
299,654
At 31 De￿mber 2023
98,586
98,586
15. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
1,593
4.503
4.503
1,593
17

Notts Gymnastics Academy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
16. Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
10.117
13,052
3,462
9,893
44,636
10.119
3,448
10,083
8,724
45,773
81,160
78,147
17. Creditors: amounts falling due after more than one year
2024
2023
Bank loans and overdrafts
5,548
15,664
5.548
15,664
18. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £10,240 (2023: £7,844).
19. Analysis of charitable funds
Unrestricted funds
At
1 January 20
24
At
31 December
2024
Income Expenditure
General funds
439.925
874,835
(886.358)
428.402
At
1 January 20
23
At
31 December
2023
Income Expenditure
General funds
341.656
841,097
(742,828)
439,925
18

Notts Gymnastics Academy
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
19. Analysis of charitable funds {continuodJ
Restricted funds
At
1 January 20
24
At
31 December
2024
Income Expenditure
Restricted funds
16.132
45,000
(5,796)
55,336
At
1 January 20
23
At
31 December
2023
Income Expenditure
Restricted funds
12,270
5,266
(1,404)
16,132
20. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
244,318
268,739
(79.107)
{5,548)
428,402
55,336
2,053
(2.053)
299,654
270,792
(81,160)
(5,548)
483,738
55,336
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
82.454
440,247
(67,112)
(15,664)
439,925
16,132
11,035
(11.035)
98,586
451,282
(78,147)
(15,664)
456,057
16,132
21. Analysis of changes in net debt
At
At
1 Jan 2024 Cash flows 31 Dec 2024
Cash at bank and in hand
Debt due within one year
Debt due after one year
449,689
(10,119)
(15,664)
423,906
(183,400)
266,289
(10,117)
{5,548)
250,624
10,116
(173,282)
19