CITY OF MANCHESTER GYMNASTICS REPORT AND FINANCIALsTATEMEs FOR THE PERIOD ENDED 31 MARCH 2024
CITY OF MANCHESTER GYMNASTICS REPORT AND ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2024 c¢tts Page Report of theTrustee$ Indepenent Emamlner's Report 518tement of Flnanclal ActItIeS 8alarSbeet Notes toThe A<tounts
CITYOF MANCHESTER GYMNASTICS ANNUAL REPQRT OFTHETRUSTEES FOR THE PERIOD ENDED 31 MARCH 2024 The comtRittte are pleased to prEsentthplr report tugeiher wllh theflnarrial statements of the Club forthE period ted 31 Marth 2024. Legal Status and Purpose City of Manchp5terGymnastts Is a Charitable Intorporated Organi5atlw iaoi and recelved charltable 51atU5 on the 18 vf SÈptÈmber 2023. The org3nisation's purposesare.. the promotk)n of communlrv Fkqrtlcipation In healthy iecreation for the benefitof those wlihln the greater Manchester area by the provisvjn of fa¢llltles for participalin8 In the sport of gymnastics at all levels ObJecV Cliy of Manche5terGymna5tlcs aims to be reco8ni5ed a5the leadinE provider of gymn8Stlcs ID the Manchesleraffta and to make a p051ti¥e Impact on the local communlty. The Board belleves that lawBhtwell Sport and physltal edLSCatlon develop qualltkssuch 355elf-esteem, le3dersMp and teamwork, making sport a force fcigood. aty of Manr.ha%ter Gymnastic5 IkS to prowde opporturyitiesthat enrfth the Ilves of those invoed. h3villga possfive Impacl on mtmbers long afterthelr tralnlng has come to aTh End, and lo wcoura8e lifelon8 Iwol¥emeni In Ihe sportwhether as partlclpants, coaches. or offldals. Governance8nd Management The charity Is governed by Itscl)n5titt1O and is man&gcd by a 8oaid of Trustee5. all of whom have relevant managErlal, busintsss and financial experience. The 8oard Is regponslble forthe strateglc directlon of charity and oversees all of tts flnan¢lal dealings. None of theTru51ees are remunerated In respect of their w51tion a5TrustEE. Trustee Report The charllywas fDrMed Én September Z023 with a vlew to c0MenC1n8 actlvllles InAprll 2024. A5 5uth, no actitIeS have yel iaken plate. Fln¥ftces The charity recelved doDatlon5 In February2024. These wlll be applied iowardsthe charltle5 objective5 once thecharlty commences operations. Future Plèths The charity almsto tommence its 3crfvitles in April 2024. The Trustees hav been worklnÉ toward settlng up its 8ttlvitles, the ne$sary manaEementSy5tern5, payrDII and employment contractsforstaff. Reference and admlnl$iratlve Informallon J. ThoOrt4nlsallonfiwne. The Legal Name of the Org&nisatlon Is.. CltyoFMarnchester Gymnastl(s Reg15tered charlty llumber., 1204758
CITYOF MANCHESTER GYMNASTICS ANNUAL REPORT OFTHE TRUSTEES continued FOR THE PERIOD ENDED 31 MARCH 2024 The Orsanisation Is a Charitable Inci>rporated OrEani$2tlon iaoi- ty of Manchester Gyrnll25tlcs Gèrrait Way Manchester MI8 8HE Webslte.. w.cm Effloll.. 4. Th#EI*ctsdfTllsteesaid.' T MCGIII B CllthÈrDÈ TGRyan NatlQn31WeslmlnsierB&nkpl WesierAvenue Wateislde Court Chaih8m BL64RT Christopher Doan FCCA AKlom Busl•e55 Consultancy L1mlted MoThtgoldrum farm Arbuthnott Lauren¢eklrk AB30 ILS Approved by the trustee5 on 29January 2025 and signed on thdr behalf by.. T MCGIII
CITY OF MANCHESTER GYMNASTICS ACCOUNTANT'S REPORTON THEA¢CQVNTS FOR THE PERIOD ENDED31 MARCH2024 I repoFtto theruees on my Èxamlnatlon oltheaccouThts of the abov¢¢har(tyl"the TTU5VlfoTthe perlod ended 31 MaKh 2024. A5the char1ty.strustej you are reswnslbletorthepreparatlon ofthe accounts In aCcDrd)nwIth the requlTementsofthe Charlttes Act 20111'thÈAct'l. l Teportln re4)Èct of my exarnlnation ofthe Trusvs acwunts tarried outunds¢clkin 14S of the 2011 Act and In ¢arryh)8 out myexamlAai¢tsft, I havo followedall the appllc8bl¢ Dliertlons slven by the Charlty Commlxlon under secElon 14515llbl ol the Act. I have completed 4ny exaEn5natlfjn. I conflmihat no material matters have wrne to myattentlDn In GonneGtlon wlththe Èxamlnatlon whlch 8lves me causeto bellevethaf anymaierlal respect.. the H¢¢oynUng re¢OrdSwe not keptln accordance wlth sectton 130 olthe Charitle$ Art,. ur the accDunts rld not accord wlth the ac¢ountlpK records,. or the accounts thd not comWIth the applltable rEqulremÈnts¢onternlng the fomi and content Df actounts setoutln thecharlties ¢A¢¢ot51 RepDTtsI fte8ulatlon5 2008 otherth?n any requlrement thatthe3c£ounts Elve a'twe and fèlrf vlewwhlch Is 01 a matter candered 85 part ozn IN1ependentmIatI0n. I have no concerh53nd have come across no olher matters in connethort wjth thÈ ex8mlnionto whlth attentlonshould be drawn In thts reptsrt In order to enable a proper undersiandlngol ¢he 8c£ountsto bE reached. Chrlstopher Doan FCCA 29 January 2025 Montgoldrum Farm buthnolt Latsrenceklrk AB30 ILS
CITY OF MANCHESTER GYMNASTICS STATENENTOF FINANCIALACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2024 2024 Unrtsstrfcted Re5trfcted fvnds fvnd5 Total InEome Yeso¥rce$ Donation5 SO05 S0,W5 Totsl 50,005 50,m5 Resources Èxpended AccDLlntanryfee5 Mls¢ella*egu5 300 221 221 Total 521 521 Net Movement In Funds 49.4B4 49,484
CITY OFMANCHE5TER GYMNASTICS BALANCE SHEET ASAT31 MARCH 2Q24 2024 LlnresErf¢ted fund5 Restrlcted funds Totsl CurrentAsset$ Cash at bank 49,784 49.794 49,784 49.754 abilltles.. Credltors falling due withln one year 13WI 13001 Yotal natassets 49,484 49,484 Funl of the Charlty un51[ted fund5 49,4È4 49.484 lotsl lunds 49,484 49,484 The notes on page 6 form part oft*e5e accoursts. Approved bythe trustees on 29January 2025 and 518ned OTr thelrbehalf by.. T MCGIII
CITYOF MNCHESTERGYMNASTICS NOTESTOTHEACCOUNTS FOR THE PERIOD ENDED 31 MAFiCH 2024 1. 8&51s of preparatlon 1.1 Basls of accoulltlr*g These accounts have bÈen prppÈred under the hISt{cal cost ¢Dnventl¢n wlth Item5 recogni5ed at CDStor tr3n5action Y&lue nless otherwise stated In the relevant notesto ihe5e accounts. The accfjunts have been prepared In BCCOTdance with.. the statement of Recommer¢ded Ptsctlce=Ac£ountin8and Reporrlng by Ch?rltles PfeparlnE thelratcounts li accord3nce with the Flnan¢lal ReportSng Standaid applicable In the UK and Republicof Ireland IFRS 1021 Issued on 16July 2014 and wlih the tharltlesAct 2011. 2. Aceountlngpollcles 2.1 Incorne Rerogrkitlon of Inwrne These are Included In the5tatementof Flnantlal Activities the charity becomes eniltled to rhe ¥esources,' it i5 mole likelythan noithat thetrustees wlll recelve the resour¢t5,' and the monetary c3n be measured with sufficienl QffsetilthB There h35 been no offtettingof assets arnd IIHbilltles, or Income and expense5, unless requlred orpwmlfttd bythe FRS 102 SORP or FRS 102. Grants and donatlon$ Grant5 and doTtatlons arp olY InClded in the5oFAwhen the Eeneral Intome recognition crtteria are met15.IOto 5.12 FR5102 soiipl. 2.2 Expendlture and Uabllltles Ilab1tYreC0sn[tIoTh Llabllliks are recoglsEd whErp it is more likelythan not that there Is a legal oi construttive obll82tion committingthe charlly lo payout resources 3nd ihe amount of the obllsallon can be measured with ioasonable certainty. 3. FÉES for examlnatlon of accounts Z024 Independent examinels fees 300 4. Credltors and acuuals 2024 Accruals 5. Cash at bank 2024 Cash al bank 49,784