CHARI￿ REGISTRATION NUMBER: 1179691
Newport Acrobatic Gymnastic Club
Unaudited Financial Statements
31 August 2024
WALTER HUNTER & CO LIMITED
Chartered accountants
24 Bridge Street
Newport
South Wales
NP20 4SF

Newport Acrobatic Gymnastic Club
Financial Statements
Year ended 31 August 2024
Page
Trustees, annual report
Independent examinerfs report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements

Newport Acrobatic Gymnastic Club
Trustses. Annual Report
Year ended 31 August 2024
The trustees present their report and the unaudited financial ststements of the charity for the year ended
31 August 2024.
Referenco and admlnlstrativo details
Registered charlty namo
Newport Acrobatic Gymnasti¢ Club
Charity reglstration number
1179691
Prlnclpal offk•
22 Enville Road
Newport
NP20 SAE
The tru$teg$
Mrs S Watkins
Mr G Gage
Mrs A Walker Pole
MrA Jone5
Mr B Brain
(Appointed 8 Octobgr 2023)
Mr Jonathan Rhodes 8Sc BFP FCA
Independent examlner
Structure, governance and management
The charity 1$ governed by its constitution and is a charity registered with the Charity Commission.
The ele¢tioTr of trustees:
According to the constitution of Newport Acrobalt Gymnastic Club in a general meeting shall elect the
officers and the other Iruslees in line with the terms of the constitution.
The Trustees may appoint any person who is willing to act as a Trustee. They may appoint a maximum
of 9 and minimum of 3 trustees. Apart from the first charity trustees, every trustee must be appointed
for a term of three year5 by a resolution passed al a properly convened meeting of the charity trustees.
The Charfty Structuro. Our Team
Our head coach, coaching assistant and administrative person are all volunteers. Our coaches attend
safeguarding and protecting children courses, first aid and coaching qualification courses. The club has
3 welfare officers voluntary working al each session.
Objectives and actfvitle8
The club is a non-profit dislribuling charity whose principal objective is lo advance public participation
in sport. the encouragement of and the provision of gymnastic opportunities predominantly, but not
exclusivety. for individuals from South Wales and surrounding areas.

Newport Acrobatic Gymnastic Club
Trustees. Annual Report (condnued)
Year ended 31 August 2024
ObjectSves and actlvltle8 (contlnu
Publlc BenefSt
The Iruslees confirm that they have referred to the guidan￿ contained in the Charity Commission's
general guidance on public benefft when reviewing the Charities aims and objectives and in planning
future activits'es.
Achlevements and performance
The main achievernent in the year was to add other necessary equipment. As well as the continued
Suc￿ss￿th the competition gymnasts, the club continues to grow its daytime activities for pre schoolers
and recreational gymnasts and also offering half term fun days and tumbling classes.
Financial review
The club continues to promote iys gymnastic sesslons in the local community and around South Wales
and relies on fees from these sessions to support the overheads of the club.
The trustees, annual report was approved on 4 November 2024 and signed on behart of Ihe board of
trustees ty..
Mrs S Watkins
Trustee
MT A Jones
Trustee

Newport Acrobatic Gymnastic Club
Independent Examinerfs Report to the Trustses of Newport Acrobatic
Gymnastic Club
Year ended 31 August 2024
I report to the Iruslees on my examination of the financial statements of Newport Acrobatic Gymnastic
Club I'the charity,) fof the year ended 31 August 2024.
Responsibilities and basls of roport
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 I'the ACVI.
I report in respect of my examination of the charity's financial statements carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5llb) of the Act.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention In
connection with the examination giving me cause to believe that in any material respect.
accountsng records were not kept in respect of the tharity as required by section 130 of the
ACL or
the financial statements do not accord with those records,. or
the financial statements do not comply with the applicable requirements conceming the form
and content of accounts sel out in the Charities {Accounls and Reports) Regulations 2008
other than any requirement that the accounts give a 'true and fairf 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 2ccounts to be
reached.
Mr Jonathan Rhodes Bsc BFP FCA
Independent Examiner
24 Bridge Street
Newport
South Wales
NP20 4SF
4 November 2024

Newport Acrobatic Gymnastic Club
Statement of Financial Activities
Year ended 31 August 2024
2024
Unrestricted
funds Total funds Total funds
2023
Income and endowments
Donations
Charitable activrties
Investsnent income
Other income
68
155,237
1,743
2,425
159,473
68
155,237
1,743
2,425
564
152.691
965
3,777
Total Sncome
159,473
157,997
Expendlture
Expenditure on charitable activities
Total oxpendlture
138,413
138,413
138,413
121.112
138,413
121,112
Net incomo and net movement In funds
21.060
21,060
36,885
Reconciliation of fund5
Total funds brought forward as previously reported
Prior year adjustment
Total funds brought forward as restated
Total funds carried fonyard
151,095
151,095
125,759
{11,5491
114,210
151,095
172,155
151.095
172,155
151.095
The ststemenl of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.
nots¥ on pag•s 6 to 13 forni part of those financlal statements.

Newport Acrobatic Gymnastic Club
Statement of Financial Position
31 August 2024
2024
2023
Fixed assets
Tangible fixed assets
16
7.628
16.065
Current assets
Debtors
Cash 8t bank and in hand
17
628
165,765
1,084
138,344
166,393
139,428
Creditorn: amounts falllng due within one year
Net currnnt assets
18
1,898
137,530
153,595
164,527
Total assets less CUTrent Ilabilities
172,155
Creditovs: amounts falling due after more than one year
Net assets
19
2,500
151,095
172,155
Funds of tho charity
Unrestricted funds
172,155
151,095
Total charity funds
21
172,155
151,095
These linancial statements were approved by the board ol trustees and authorised for issue on 4
November 2024, and are signed on tEhalf of the board by..
Mrs S Watkins
Trustee
MrAJones
Trustee
Th& notss on pag•9 6 to 13 forni part of these financial stat8ments.

Newport Acrobatic Gymnastic Club
Notes to the Flnancial Statements
Year ended 31 August 2024
General infomiation
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is 22 Enville Road, Newport. NP20 SAE, South
Wales.
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 lo charities preparing their ac¢ounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (Charities
SORP IFRS 10211 and the Charities Act 2011.
AcGountillg pollcles
Basis of preparation
The financial statements have been prepared on the histor￿1 cost basis.
The financial statements are prepared in sterling, which is the fvnctional currency of the entty.
Golng concem
There are no material Un￿rtaIntieS about the charity's ability to conlinue.
Judgements and key sources of estlmation unc•rtalnty
The preparation of the financial staleThnts ￿qUireS management lo make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and aTe based on experience and other factors, including expectations of
ture events that are believed to be reasonable under the circumstances.
Fund acGountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Restricted fvnds are subjected to reslri¢tions on their expenditure declared by the donor or through
the temis of an appeal, and fall into one of sub-clas5es.' restricted income funds or endowment
funds.
Incorning resources
All income is included in the statement of financial acts"vilie$ 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 F￿lIcIeS are applied to
particular categories of income..
income from donations or grants is ￿ognISed when there is evidence of entitlement to the gfft,
receipt is probable and its amount can be measured reliably.

Newport Acrobatic Gymnastic Club
Notes to the Financlal Statsments (contstiued)
Year ended 31 August 2024
Accountlng poli¢les fConUnu￿j
Incoming resources (continlffjd)
- income from donated facilitse5 and services are re¢ognised in the accounts when received if the
value ¢an b8 reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of setvices is recognised with the delivery of the contracted
seryice. This is classified as unrestricted funds unless there is a contractual requirement for it to
be spent on a particular purpose and retumed if unspent, in which case it may be regarded as
restricted.
Resources expended
Expenditure 15 recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is dassthed under headings of the ststement of financial
activities to which il relates..
expenditure on charitable activities includes all costs incurred by a charity in undertaking
actNities that further its charitable aims for the benefit of its beneficiaries, including those support
costs and costs relating to the governance of the charity apportioned lo charitable actr'vities.
other expenditure includes all expenditure that is neither related to raising fund5 for the charity
nor part of ils expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single aelivity are allocated directly lo that activity. Shared Costs are apportioned
een the activities they contribute to on a reasonable. jusb'fiable and consistent basis.
Operating lea308
Lease paym8nts are recognised as an expense over the lease term on a slraight-line basis. The
aggregate benefft of lease incentives is recognised as a reduction to expense over the lease term,
on a 5traight-line basis.
Tangible assets
Tangible assets are initially recorded at ¢o$t, and subsequently stated at cost less any accumulated
depreciation and impairrnenl losses.
Depreciation
Depreciation is calculated so a5 to write off the cost or valuation of an asset, less its residual value,
over the usefvl economic life of that asset as follows..
Fixtures and fittings
20% straight line

Newport Acrobatic Gymnastic Club
Notes to the Financial Statements (conllnued)
Year ended 31 August 2024
A¢countlng pollcigs (contlnu
Financial instruments
A financial asset or a financial liability is recognised only when the entty b￿rneS a paty to the
contractual provisions of the instfument.
Basic financial instruments are initially rec(unised at the amount receivable or payable including
any related transaction Costs, unless the arrangement constitutes a financing transaction, where it
is recognised at the present value of the future payments discounted al a market rate of interest
for a similar debt instrumenL
Currentassets and current liabilities are subsequently measured atthe cash orother consideration
expected to be paid or received and not discounted.
Defined ¢ontribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an ass8t lo the extent Ihat
the prepayment will lead to a reduction in future payments or a cash refund.
Donatlons
Unrestricted Total Funds Unreslricled Total Funds
Funds
2024
Funds
2023
Donatlons
Donat￿nS
Local Giving
68
68
64
500
64
500
68
68
564
564
Charitablg actlvities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Gymnastic sessions fee income
155.237
155,237
152,691
152.691
Investment Income
Un￿Stricted Total Funds Un￿StrICted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
1,743
1,743
965
965

Newport Acrobatic Gymnastlc Club
Notes to the Financial Ststements (¢ontinuedJ
Year ended 31 August 2024
Other In¢ome
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Commission on sale of gym kit
Rental income
787
2,990
3,777
787
2.990
2.425
2.425
2,425
2,425
3,777
Expendlture on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Gymnastic sessions
Sports Wales Capitsl Equipment Fund
Support costs
135,632
135,632
2,781
138,413
2,781
138,413
Unfestricled
Funds
Restrtcted Total Funds
Funds
2023
Gymnastic sessions
Sports Wales Capital Equipment Fund
Support costs
109,306
109.306
9,166
2,640
121,112
9,166
2.640
111.946
9,166
Expendlture on charltable actlvlties by activity type
Activities
undertaken
diredy
Support Total funds
osts
2024
Total fund
2023
Gymnastic sessions
Sports Wales Capitsl Equipment Fund
135.632
2,781
138,413
111,946
9,166
121,112
135,632
2.781
138,413
10. Analysls of support costs
Gymnastic
sessions Totsl 2024
Total 2023
COMMUn￿tIOnS and IT
General office
Independent examination fees
316
1,079
1,386
2.781
316
1,079
1,386
2,781
428
892
1.320
2.640

Newport Acrobatic Gymnastic Club
Notes to the Financial Statements (c¢)nlinuedJ
Year ended 31 August 2024
11. Taxation
As a charity, Newport Acrobatic Gymnastic Club is exempt from lax on income and gains, to the
extent that such income or gains are applied exclusively to charitable purposes. No tax Charges
have arisen in th8 charity.
12. Net income
Net income is stated after chargingl(creditsngl'.
2024
2023
Depreciation of tangible fixed assets
Operating lease rentals
9,814
29.024
9,456
31,839
13. Indopendent gxamination fees
2024
2023
Fees payable to the independent examiner foi".
Independent examination of the financial statements
1,386
1,320
14. Staff costs
The total staff costs and employee benefits ftir the reporting period are analysed as follows..
2024
2023
Wages and salaries
Employer contributions to pension plans
29.333
661
32.059
613
29,994
32,672
The average head count of employees during the year was 112023-. 2).
No employee received employee benefits of more than £60,000 during the year {2023'. Nill-
15. Trustee remunerntlon and expenses
Trustee Alex Jones received £5000 in the period ft)r rernuneration of coaching expenses. No other
trustee or any persons connected with Ihem have re￿iVed remuneration in the current period.
10

Newport Acrobatic Gymnastic Club
Notes to the Financial Ststements (witiftued)
Year ended 31 August 2024
16. Tangible flxgd auats
Flxtures and
fittings
Cost
At 1 September 2023
Additions
48,109
1,377
Al 31 August 2024
Depreciatlon
At 1 September 2023
Charge for the year
At 31 August 2024
Carrying amount
At 31 August 2024
At 31 August 2023
49,486
32,044
9,814
41,858
7,628
16,065
17. Debtors
2024
2023
Trade debtors
628
1,084
18. Creditor5: amounts falling due within ono year
2024
2023
Accruals and deferred income
Social security and other taxes
Other Creditors
1,394
336
136
1,342
556
1,866
1,898
19. Credltors: amounts falling due after morg than one year
2024
2023
Other creditors
2,500
20. Ponsions and other post retirement beneffts
Doflned contribution plan$
The amount recognised in income or expenditure as an expense in relation lo defined contribution
ptans wa5 £66112023.- £6131.
11

Newport Acrobatic Gymnastic Club
Notss to the Financial Statements {con*"nued)
Year ended 31 August 2024
21. Anatysls of charttable funds
Unrestricted funds
At
1 September
2023
At
31 August
2024
Prior year
Income Expenditure adjustsments
General funds
151,095
159,473
1138,413}
172,155
At
1 September
2022
At
31 August
2023
Prior year
Income Expenditure adjustments
General funds
116,593
157.997
(111,946)
111,549)
151,095
Restricted funds
At
1 September
2023
At
31 August
2024
Prior year
Income Expenditure adjustments
Sports Wales Capital
Equipment Fund
At
1 September
2022
At
31 August
2023
Prior year
Income Expenditure adjustments
Sports Wales Capital
Equipment Fund
9,166
19.1661
22. Analysls of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Cufrent assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
7,628
166,393
(1.866)
7.628
166.393
11,866}
172,155
172,155
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assots
16,C65
139,428
11,8981
(2,5001
151.095
16,065
139,428
11,8981
12,5001
151,095
12

Newport Acrobatic Gymnastic Club
Notes to the Financial Statements (COnlinuedJ
Year ended 31 August 2024
23. Prlor year adjustments
During the compafalive year. a prior year adjustmentwas included to rectify errors in the recording
of transactions that ￿cUrred before 31 August 2022.
24. Operating lease ¢ommltments
The total firture minimum lease payments under non-cancellable operating leases are as follows..
2024
2023
Not121er than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
32,431
149,499
28,476
210,406
28,152
28,152
13