**Charity number: 1175319**
**East Coast Gymnastics (A Charitable Incorporated Organisation)**
**Report and Accounts**
**for the year ended 5 April 2025**
## **East Coast Gymnastics**
## **(A Charitable Incorporated Organisation)**
## **CONTENTS**
||**Page**|
|---|---|
|Charity Information|**1**|
|Trustees Annual Report|**2 - 3**|
|Independent Examiner’s Report|**4**|
|Statement of financial activities|**5**|
|Balance Sheet|**6**|
|Notes to the financial statements|**7 - 10**|
## **East Coast Gymnastics (A Charitable Incorporated Organisation)**
## **Members of the Trustee Board at 5 April 2025**
Chair Fiona Jane Ison Trustee Treza Casterton Trustee Anita Grace
## **Independent Examiner**
Annette R Panton FCCA TC Lister & Co 75 High Street Boston Lincolnshire PE21 8SX
## **Registered Office**
41 South Road Chapel St Leonards Skegness PE24 5TL
## **Registered Charity Number**
1175319
**Page 1**
## **East Coast Gymnastics**
## **(A Charitable Incorporated Organisation)**
## **Report of the Trustees for the year ended 5 April 2025**
## **Structure, governance and management**
East Coast Gymnastics is a Charitable Incorporated Organisation (CIO) and was registered by the Charity Commission on 24 October 2017. It has a trustee board which was elected at its first Annual General Meeting and is ultimately accountable for the conduct of the organisation. The governing document for the charity is the Constitution which was approved on 19 May 2017.
## **Aims and Objectives**
The promotion of community participation in healthy recreation for the benefit of the inhabitants of the District of East Lindsey and the surrounding area by the provision of facilities and coaching for gymnastics.
The club is solely run by volunteers who show excellent commitment to achieving the objectives set out for the club.
The Trustees have used the guidance issued by the Charty Commission on public benefit and have identified the objectives and aims of the club have been met.
The Trustees have been able to identify this from club registers and enrolment forms and through the success of individual achievements in the classes through the British Gymnastics Badge scheme and the success at various competitions.
## **Activities and Achievements**
The Club offers a range of activities to participants from the age of 3 and above in general gymnastics, tumbling, conditioning, dance and competition. The club aims to offer a safe, healthy learning environment.
The club gives all members the opportunity to attend and take part in gymnastics competitions and displays within the UK.
The charity delivers general and competitive gymnastics classes to all abilities and backgrounds. Recreational classes from beginner, intermediate and advanced levels in general gymnastics. The beginner classes run for 1 hour 4 times a week.
The charity also offers competitive squad sessions that members can try out for or be invited into. These sessions are for members who show commitment, hard work and enthusiasm for competitive gymnastics.
The squad sessions total 9 hours a week, due to coaching levels the general sessions are limited to 18 gymnasts, and every session has a waiting list.
## **Financial review**
The charity’s main source of funding is through class subscriptions. Funding is also achieved through the committee’s fund-raising events.
The financial accounts for the year ended 5 April 2025 are set out on pages 5-10. The Balance Sheet Activities show the charity holds £66,977 in reserves.
The trustees do not have a reserves policy but do agree that any monies left are carried forward to be used to help maintain current equipment or fund new equipment and to pay for any increase in overheads.
## **Plans for future periods**
Future plans for the charity are to attract and train more volunteer coaches and to purchase further equipment.
**Page 2**
## **East Coast Gymnastics (A Charitable Incorporated Organisation)**
## **Report of the Trustees continued**
## **Reporting Public Benefits**
The Trustees have considered the guidance given by the Charity Commission and are satisfied that the charity meets the requirements on public benefit.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
The Trustees are required by Law 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, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which 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 Charity’s 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.
This report was approved by The Board of Trustees on 20 May 2026.
Fiona Jane Ison Chair
**Page 3**
## **East Coast Gymnastics**
## **(A Charitable Incorporated Organisation)**
## **Independent Examiner’s Report**
I report on the accounts of East Coast Gymnastics for the year ended 5 April 2025 set out on pages 1 to 10.
## **Respective Responsibilities of Trustees and Independent Examiner**
As the Charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of your charity’s accounts as carried out under s. 145 of the Charities Act 2011. In carrying out my examination I have followed the directions given by the Charity Commission under s. 145(5)(b) of the 2011 Act.
## **Independent Examiner’s Statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. Accounting records were not kept in respect of the Trust as required by s. 130 of the Act
2. The accounts do not accord with those accounting records;
3. The accounts do 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.
I 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.
Annette R Panton FCCA Independent Examiner TC Lister & Co 75 High Street Boston Lincs PE21 8SX
20 May 2026
**Page 4**
## **East Coast Gymnastics**
## **(A Charitable Incorporated Organisation)**
## **Statement of Financial Activities**
## **For the year ended 5 April 2025**
|**Unrestricted**
**funds**
**Notes**
**£**
**Income**
Income from
Trading Activities
33098
Fund Raising
2487
_______
**Total Income**
35585
_______
**Expenditure**
Charitable Activities
2
37821
_______ _
**Total Expenditure**
37821
_______
**Net (expenditure)/income for the year**
(2236)
Total funds brought forward
69213
_______
**Total funds carried forward**
66977
|**2025**
**Total**
**£**
33098
2487
_______
35585
_______
37821
________
37821
_______
(2236)
69213
_______
66977
||**2024**
**Total**
**£**
34565
4902
______
39467
______
35138
_______
35138
______
4329
64884
______
69213
|
|---|---|---|---|
|||
||
|||_
_
||
|||_
||
|||
||
All of the above amounts relate to continuing activities.
The notes on pages 5 to 10 to form part of these financial statements
**Page 5**
## **East Coast Gymnastics (A Charitable Incorporated Organisation)**
## **Balance Sheet**
## **as at 5 April 2025**
||||**2025**||**2024**|
|---|---|---|---|---|---|
||**Notes**|**£**|**£**|**£**|**£**|
|**Fixed Assets**||||||
|Tangible Assets|6||66309||68190|
|**Current Assets**||||||
|Cash at Bank and in Hand||6268||9042||
|**Creditors: amounts falling due within**||||||
|**one year**|7|(5600 )||(8019 )||
|||______||______||
|**Net Current Assets**|||668||1023|
||||______||______|
|**Total assets less current liabilities**|||66977||69213|
|||||||
||||______||______|
|**Income Funds**||||||
|Unrestricted Funds|9||66977||69213|
||||______||______|
|**Total Funds**|||66977||69213|
||||______||______|
The Trustees consider that the charity is entitled to exemption from the requirement to have an audit under section 144 of the Charities Act 2011 and that members have not required the charity to obtain an audit.
The Trustees acknowledge their responsibilities for complying with the requirements of Section 130 of the Charities Act 2011 with respect to accounting records and the preparation of accounts.
These accounts where approved by the Trustees on 20 May 2026 and signed on their behalf.
Fiona Jane Ison Chair
**Page 6**
## **East Coast Gymnastics**
## **(A Charitable Incorporated Organisation)**
## **Notes to Financial Statements for the year ended 5 April 2025**
## **1. Accounting policies**
The following accounting policies have been used in dealing with items which are considered material in relation to the organisation’s financial statements.
## **1.1. Company limited by guarantee**
The organisation is a registered Charity number 1175319 the members of which have no personal liability in the event of the Charity winding up.
## **1.2. Basis of accounting**
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practise applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015)-(Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
East Coast Gymnastics meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost of transaction value unless otherwise stated in the relevant accounting policy note.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **1.3. Reconciliation with previously Generally Accepted Accounting Practice**
In preparing the accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative terms was required. The Trustees are of the opinion that no such restatement is required.
## **1.4. Critical accounting judgements and key sources of estimation uncertainty**
In the application of the Charity’s accounting policies which are described in note 1,Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimation and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the current and future periods if the revision affects the current and future periods.
In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting the assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.
## **1.5. Financial Instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
**Page 7**
## **East Coast Gymnastics**
## **(A Charitable Incorporated Organisation)**
## **Notes to Financial Statements continued**
## **1.6. Income**
Recognition of incoming Resources
These are included in the statement of financial activities when:
- the charity becomes entitled to the resources;
- the trustees are virtually certain that they will receive the resources; and
- the monetary value can be measured with reasonable accuracy.
## **1.7. Expenditure and liabilities**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. In previous years Governance costs (costs associated with meeting the constitutional and statutory requirements of the Charity, the Independent Examiner fees and costs in respect of the strategic management of the Charity) were shown separately in the Statement of Financial Activities. To comply with Charities SORP FRS 102 Governance costs have been included within charitable activities as an element of other support costs.
## **1.8. Fixed assets and depreciation**
Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Equipment - 10% reducing balance
## **2. Charitable activities**
|**Unrestricted**
**Funds**
**£**
**Governance Costs**
Professional – Accountancy Fees
480
**Support Costs**
Establishment - Repairs & maintenance
2607
Establishment - Insurance
1486
Establishment – Light & Heat
2280
Establishment - Rent
9600
Competition Fees
4495
Depreciation & impairment
7368
Other Costs
9505
_______
37821
_______
**Net income/(expenditure) for the year**
Net income/(expenditure) is stated after charging:
Depreciation and other amounts written off tangible fixed assets
|**2025**
**Total**
**£**
480
2607
1486
2280
9600
4495
7368
9505
_______
37821
_______
**2025**
**£**
7368
||**2024**
**Total**
**£**
-
9297
1220
2129
9600
6081
-
6811
______
35138
______
**2024**
**£**
-
|
|---|---|---|---|
|||_
||
|||_||
## **3. Net income/(expenditure) for the year**
**Page 8**
**East Coast Gymnastics**
## **(A Charitable Incorporated Organisation)**
## **Notes to Financial Statements continued**
## **4. Employees**
## **Employment costs**
No salaries or wages have been paid to employees, including the trustees, during the year.
## **5. Taxation**
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
## **6.**
## **7.**
|**Tangible fixed assets**
**Equipment &**
**machinery**
**£**
**Cost**
At 6 April 2024
68190
Additions
6737
Disposals
(1250)
_______
At 5 April 2025
73677
_______
**Depreciation**
At 6 April 2024
-
Charge for the year
7368
_______
At 5 April 2025
7368
_______
**Net book values**
At 5 April 2025
66309
_______
At 5 April 2024
68190
_______
**Creditors: amounts falling due within one year**
**2025**
**£**
Other Creditors
5120
Accruals
480
______
5600
||**Total**
**£**
68190
6737
(1250)
______
73677
______
-
7368
______
7368
______
66309
______
68190
______
**2024**
**£**
8019
-
______
8019
|
|---|---|---|
||_||
||_
||
||_||
||_||
||_||
||_||
**Page 9**
## **East Coast Gymnastics**
## **(A Charitable Incorporated Organisation)**
## **Notes to Financial Statements continued**
## **8. Analysis of net assets between funds**
|**Unrestricted**
**funds**
**£**
Fund balances at 5 April 2025 as represented by:
Tangible fixed assets
66309
Current Assets
6268
_______
72577
|**Total**
**funds**
**£**
66309
6268
_______
72577
|
|---|---|
## **9. Unrestricted income funds**
|**Unrestricted income funds**
General Fund|**At**
**6 April Outgoing**
**2024 resources**
**£**
**£**
69213
(2236 )
|**At**
**6 April**
**2025**
**£**
66977
|
|---|---|---|
**Page 10**