CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From April 2023 Period start date To March 2024 Period end date Charity name." Panache Gymnastics Charity registration number:1188106 Objectives and Activities SORP reference Para1.17 Summary of the purposes of the charity as sel out in its governing document The promotion of community participation in healthy recreation for the benefit of the inhabitants of West Yorkshire In particular by the provision of facilities for mnastics. Panache Gymnastics are a community gymnastics club that bring people together and build strong relationships In and across the Kirklees community by offering gymnastics classes suitable to all ages and abilities. The club runs a fantastic pathway which allows all gymnasts to achieve their full potentlal in the sport. The club has opened its doors to schools, nurseries and families In the local community and surrounding areas to allow the opportunity for everyone to access our reputable programmes. Panache Gymnastics has continued to develop its classes to reach out to a bigger variety of people by introducing further classes to meet the needs of all individuals. As a charity our trustees have had numerous meetings throughout the year to discuss the ongoings of the club and to communicate further developments. Our initial meeting dlscussed the guidance issued by the Charity Commission on public benefit so I can confimi all trustees have good knowled e of this. Summary of the main a¢tivities in relation to those purposes for the public benefit, in particular. the activities, projects or services identified in Ihe accounts. Para 1.17 and 1.19 Statement confirming whether the trustees have had regard to the guidan issued by the Charity Commission on public benefit Para 1.18 Additional information (optionall You ma choose to include further statements where relevant about.. SORP refBrence Policy on granl making Par8 1.38 Para 1.38 Policy on social investment including program related investment Contribution made by volunteers Para 1.38 Other Achievements and Performance SORP referenGe Panache Gymnastics are a reputable club who thrive on delivering high quality gymnastics classes for childron of all ages and abilities in the Kirklees region. We have built our membership number to over 300 chlldren within the area and plan to continue to increase these numbers. The club offers different disciplines of gymnastics, including general gymnastics, competitive pathways, development groups, tumbling and floor and vault groups. This is just the start as our aim is to continue adding sessions to suit all children and eventually introduce adult gymnastics and fitness classes too. The club also runs holiday camps to help parents wlth childcare over the school holidays- we eventually would like to introduce Ihe possibilities of using childcare vouchers to further help le within our communi Summary of the main achievements ofthe charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Additlonal infomiation {optionall You ma hoose to include further statements where relevant about.. Achievements against objectives set Para 1.41 Performance offundraising activities againsl objectives sel Para 1.41 Investment performan against objectives Para 1.41 Other Financial Review Review of the charity's financial position at the end of the eriod Statement explaining the policy for holding reserves stating why they are held Para 1.21 The club has had a good year financially. Para 1.22 As a club we have made the decision to use the funds received during the year to reduce the risk of costs overwhelmin the club. Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para i.y2 Para 1 22 The amount allocated was used withing the ear. NIA Para 1.24 Para 1.23 The club is currently In a good position Additional information (optional) You ma choose lo in¢lude further statements where relevant about-. The principle source of funds for the club are made through member payments for gymnastics class fees. Members pay monthly for the classes that they attend. Before Covid hit we had around 300 members at the club, however due to issues regarding safety of the spread of the virus our numbers drop sufficiently. The club are slowly building these numbers back up. In a usual year we often put on fundraising events such as holding a inhouse competition, sponsored clrcuits, Raffles etc. NIA Thè charity's principal sources of funds (including any fundraising) Para 1.47 Inveslment policy and objeclives induding any social investment policy adopted Para 1 46 A description of the principal risks facing the charity Para 1.46 Other Structure, Governance and Management The charity trustees shall manage the affairs of the CIO and may for that purpose exercise all the powers of the cio. Constitution Description of charity's trusts.. Type of goveming document Para 1.25 How is the charity constituted? Para 1.25 cio i ( rated Trustee selection methods including details of any conslitutional provisions 8.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Apart from the first charity trustees, every trustee must be appointed by a resolutlon passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administratlon of the CIO Additional information loptional} You ma choose to include further statements where relevanl about.. Policies and procedures adopted for the induction and training of trustees Pora 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the charit uses Registered charity number Charity's principal address Panache G mnastics 1188106 Unit 2 620 Bradford Road Balley West Yorkshire WF17 8HF Names of the charity trustees who manage the charity Trusteè name Office Ilf any) Dates acted if not forwhole ear Name of person lor body) entitled toa oint trustee ifan Joanne Flynn Patricia Turner Ronald Lawford 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Director name Linda Ha wood ortwasa roved Name of trustees holding title to property belonging to the ¢harity Trustsg name Dates acted if not for whole ear NIA Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assels are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity'5 own assets Addilional information (optional) Names and addresses of advisers {Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information Declarations The trustees declare that they have approved the trustees, report abov8. Signed on behalf of the charity's trustees Signature(s) Full name{sl Position (eg Secretary. Chair, etc Linda Haywood Director Date REGISTERED NUMBER: 09492704 {En%land and Wales) Pan&e its Limtted Strate ic Re ort Re ort of the Director 8nd udited Finaneial Ststements r the Period 31 March 2023 to 29 Mareh 2024 Howard & Co. Accountants LLP 6 Market Street Birstall West Yorkshire WF17 9EN Panache Gvmnasties Li ed C tents of the Financial Stateme he Perio 31 M reh 2023 to 29 March 2024 for Page Company Information Strategic Report Rtport of the Director Income Statement Balance Sheet Statem¢nt of Changes in Equity Notes to the Financial Statements Report of the Accountants 10 Trading and Profit and Loss Aceount Com Informatio for th PerÈod 31 March 2023 to 29 March 2024 DIRECTOR: L R Haywood REGISTERED OFFICE: Unit 2 620 Bradford Road Batl¢y West Yorkshire WF17 8HF REGISTERED NUMBER: 09492764 (England and Wales) ACCOUNTANTS.. Howard & Co. Accountants LLP 6 Market Street BiTStall West Yorkshire WF17 9EN Page I Panache G nastiC5 LKmited Stra leRe for the Period 31 Mareh to 29 March 2024 The director pr¢5ents her strategic report for the period 31 March 2023 to 29 MaTch 2024. ON BEHALF OFTHE BOARD: L R Haywood- Director 18 March 2025 Page 2 Panache G mnasties LÉwited orl of the Direetor for the Period 31 Mareh 2 9 March 2024 The director presents her report with the financial statements of the company for th¢ period 31 March 202) to 29 March 2024. DIRECTOR L R Haywood held offIce during the whole of the period fron7 31 March 2023 to the date of this report. This rqx)rt has been prepared in accordance with th¢ provisions of Part 15 of the Companies Act 2006 relating to small companies. ON BEHALFOFTHE BOARD.. L R Haywood- Director 18 Mar¢h 2025 Page 3 Panaehe G rnnastics Limi Income t2tcment l March 2023 to 29 March 2024 for the P Period 31.3,23 to 29.3.24 Year Ended 30.3.23 Notes TURNOVER 139,207 113,055 Cost of sales 43.048 48,980 GROSS PROFIT 96,159 64,075 AdTninistrative expenses 85,062 5Q.837 11,097 13,238 Other operating in¢ome 5.862 OPERATING PROFIT 16,959 13,238 Interest payable and similar expenses 253 PROFIT BEFORE T AXATION 16,706 12,985 Tgx on profit PROFIT FOR THE FINANCIAL PERIOD 16,706 12.985 The notes forni part of these financial statements Page 4 PsNa heG mnasties Limited Re istered number: 09492764 Balance Sheet 2024 Notes FIXED ASSETS Tangible a55¢ts 36,119 40.649 CURREf+fr ASSETS D¢bior5 Cash at bank 19,459 10,973 13,412 30,432 13,412 CREDITORS Amounts falling due within 00¢ year 11,379 11,695 NET CURRENT ASSETS 19,OS3 1.717 TOTAL ASSETS LESS CURRENT LIABILITIES 55.172 42,366 CREDITORS Amounts falling due after mor¢ than one year (5,850) {9,750) PROVISIONS FOR LIABILITIES (3,098) 13.098) NET ASSETS 46,224 29,518 CAPITAL AND RESERVES Called up share capiial Retained earnings 100 46,124 100 29,418 SHAREHOLDERS, FUNDS 46,224 29,518 The company is ¢nt%tled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2024. The members have not requsred th¢ cglnpany to obtain an audit of its financial statements for th¢ peri(xl ended 29 March 2024 in accordance with Secrion 476 of the Companies Aci 2006. The director acknowledge5 her responsibilities for.. (a) ensuring that rhe company keeps accouniing records which comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a trne and fair view of the state of affairs of th¢ cornpany as ai the end of each financial year and of its profit or Soss for each finan¢i&l year in accordance with the requiremenrs of Seciions 394 and 395 and which otherwise comply with the requiremenrs of the Companies Act 2006 relating to financial stateTnents, so far as applicable to the company. The notes forni part of these financial statements Page 5 rontinued... heG nastics Limite Re umber.. 09492764 Bal heet- Continued 29 March 20 The financial st&t¢ments have been prepared in accoTdance with the provisions applicable to companies subject to the 5tnall ¢ompanses regime. The financial statements were approved by the director and authorised for is5uc on 18 March 2025 and were signed by.. L R Haywood- Direcior The notes forni part of these financial stai¢ments Pag¢ 6 an&che GvmMastlC5 Limited tstement of Chan esl Mareh 2023 to 2 or March 2024 C#ll¢d up share capital Retslped e&rtkiAgs Total equity Balance at 31 March 2022 100 16,433 Ch2n2¢s in equit) Total comprehensive in¢ome 12.985 12,985 Balance at 30 March 2023 100 29,418 29,518 Change5 in equity Total compreheDSive income 16.706 16.706 Balan¢e 2¢ 29 March 2024 100 46,124 46.224 The notes fomi part of the% financial statements Page 7 anache G mnastlcs Llrnited ort of the Accountants to th Direct n*che na Limited rof As des¢ribed on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 29 March 2024 set out on pages four to nine and you consider that the company is exempi from an audit. In accordance with your instructions, we have compiled these unaudited financial statements in order io assist you to fulfil your statutory responsibilitie5, from th¢ ac¢ountin8 r¢cords and infonn8tion and explanations supplied tts US. Howard & Co. Accountants LLP 6 Market Street Birstall West Yorkshire WF17 9EN 18 March 2025 This page does not forn7 part of the staiutory financial S￿tementS nachc G mna5tics Limited Tradin and Profit and Loss Account for the Period 31 March 2023 to 29 March 2024 Period 31.3.23 to 29.3.24 Year Ended 30.3.23 Sale5 139,207 113,055 Cost of sales Purchas¢s Gym instructors 12.597 30.451 12.812 36,168 43,048 48,980 GROSS PROFIT 96,159 64.075 O¢h¢r ineome Sundry receipts 5,862 102.021 64.075 Expenditure Rent Rate5 and water Light and heat Motor expenses Printing and stationery Repairs and renewals Protective clothing Cleaning Subscriptions SoftwaTe maintenance Training Sundry expenses Insurance Ac£ountancy Payoll Advertising Bank charges Bank loan interest Depreciation- machinery Depreciaiion- fix. & fittings Depr¢cialion- computers 40,048 5,057 20,437 2,380 164 2,091 174 319 1,759 420 1,646 480 686 2,016 24,405 8,795 2.886 147 3,079 242 240 473 177 618 1,920 210 83 96 253 6,947 214 174 io 930 253 6,192 182 71 85J15 51,090 NET PROFIT 16,706 12,985 This page does not fomi part of the statutory financial stalements Page 11 (HARITY (OMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Panache GymnastiQ8 Limited On accounts for the year ended 2910312024 Charity no (if anyl 1188106 Set out on pages Pages 1 to 2 I report to the trustees on my examination of the accounts ofthe above charity ("the Trust") for the year ended 2910312024 Responsibilities and basis of report 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'the Act") I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in Carrying oul my examination, I have followed all the applicable Directions given by the Charily Commission under section 14515)(bl of the Act. Independent I have completed my examination. I confimi that no material matters have examiner's statement come to my attention in connection with the examination lolher than that disclosed below ') which gives me cause to believe that in, any material respect.. the a¢¢ounling records were not kept in accordan￿ with section 130 of the Charrties 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 (Accounls 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. Please delete the words in the brackets if they do not apply. Signed: Date: Name: M Howard Relevant professional qualification{s} or body (if any): F.C.A Address: 6 Market Street Birstall WF17 9EN Section B Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose.