Charlty reglstrntlon number. 1204758 CITY OF MANCHESTER GYMNASTICS TRUSTEES, REPORT AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Axiom &JslnÈyJ Consultanry Umlted charte CertMe6 Accountan Mgnt9oldrttm Farrn Arbuthnott Lauren¢ekl¥k Aberdeen$hlrè AB30 ILS
Clty of Man¢he8ter Gymna•tlcs Content$ Pa Trv5tees' Report Independent Exèrhlnevs Reptsrt staternent of nancIal A¢tlvltrJ¢y Statement of Flnjnclal Po$ltlon ststement ol Cash Flows Notes to the Statement of CBsh Nows Notes to the Flnancl81 Ststernents 8-11 The followlnB pages d¢ not forrn portofthe 5tstutory xcounts: Detalled Stètemen¢ ol Flnjficlal ACtltIP 12-13
CITY OF MANCHESTER GYMNASTICS TRUSTEE REPORT FOR THK YEAR ENDING MARCH 2025 Legal StAtus Purpose City of Mancliesl¢r Gymnastl¢S is a Charitable Incorporated Organisfition (CIO) and r¢ceiYed tharitable statu8 on the 18di of Septemb¢r2023. The organisalion's purpose$ are.. the promotion of wtnmunily PArlicipation iii healthy re¢reation forthe benefit of those within tlie greater Manchester area by the provision of fa¢ilities for parti¢ipalinL> in the sport of 8ymnastics at all levels Objectlves City of M8n¢li¢slcr GymnAstlC5 aims to b¢ r¢eognised as the leading provlder of gymnastics irt the M8n¢hesteT reaAndto make A Positive impacton the lo¢al COlDiftiinity. The Board beliovesthattaught well, sport andphysical edu¢Ation develop qualities such os 5ele-esteein. lead¢rsliip atLd teamwork, mAkittg sport ft fowe for good. City of Manchester Gymnastics looks lo provide opportunities that enrich the lives of those involved, liaving a positive impact on in¢mber$ long After their training has coine to 011 end, and to encourage lifelong involvement in the sport whether as participanis. coaehgs. or Ole101S. Governance and Mallagement The chfirity is governed by ils constitution and is managed by H Board of Th]slees, all of ivhom have Irlev8nt managerial, business and financial experience. The Bo&rd is responsible for the straiegic dlrection of th¢ Charity and oversg¢s all its financial dealings.None of the Trustee5 are remunerated in respect of their position as Trustee. Trustee Report In the lasi 12 monihs the elub has provided coached gymnasiics activity lo over 3.000 eliildr¢n. Thi$ is a ¢estam¢nt to the vital octiyiiles the charity pmvides to tlie local MMUnIty. Ivrek in week out. Ou¥ gymnasts are offered opportunilies (o take part in competitlons con)men5urat¢ to Ilieir level of perfonnanee, competing at low level floor and vault coinpetitlons to competing internatiothally, r¢prcsenting Great Britain. Our in.house competitions which are run frequei)tly throughoiit the year it)volve some 600 recreational gymnAgts and their families. The club's br$poke recreational award progression systein conilnu¢5 as the bAckbDn¢ of Ihe recreational development programme as well 8S Providing Additional inconie to the club. Whilst th¢ch4riiy commen¢¢d oper4Lions just over 8yearago, Its roots stem from the Centrdl Manchester lrtstitute of Gyinn8stics whlch h¢ld its 501h Anniversary Celebration in Januory 2025, bringing together over 250 past ond current meLMbers along with s¢veral dlgnitaries from th¢ sport to receive awaTds and I'eminis¢¢ about their involv¢ment wilh the club. We hDve a long aDd estimllble TeCOTd as a sports provider. which is a testBn)eTht to the clubs, founder Colin Leigh, whose di$iingui5hed servlce to thc sport of gymi)astiCS spans over 6 dddes, The chariiy proudly boasts 7 Hi8h Performance coo¢h¢s in Its ¢oaching leam of 20 qualified coach¢5. We have 23 volunteer helpers. 9 qualified officials, 3 of iyhoin are international brevei Judges and l Brit15h Gymn85tlcs' apprentice. W¢ work with sevtrfyl schools provlding work expeTi¢)nce opportunities for a number of local Sludertts (3 in the current reportingyear). The chariiy provides gymnastics training for young memb¢TS of Manchesler City fooiball Club, dev¢lopm¢ni progr1¢ ID addition to therapeutic preschool gymnosti¢s a¢tlvlry forpr¢5ehool Age bums victims In paerShIp with NHS Mancli¢stor. Competitiv¢ Achi¢Yements At thi5 year's Junior European Cl)ampi0iiships. Evan M¢Phillips was part of GB'S successful Gold winning team. Page I
The club competsd iii th¢ Europ¢Trn Gymoa5ti¢s League reforging a frletKtship with Progue Gymt)asti¢$ Club, the team of Sammy Cotter, Lucas Moryi4 Harry Nicholson and Jack Farrell finishing iolh. At lh¢ British Grades Finals. Olli¢ Bowen and Thornb5-Tyler Lee helped the Northwest wiii Teain Gold iii the UTrd¢i' 12 Bob Curricr coinp¢tt¢ion. Sammy Cotler became ¢he Welsh Jiinior Chllmpion (under 16) and galned a place in the Wetsh National Squad. At the English Championships CMIG won 5 Gold medals in iotal and there was English squad selection for Joe 'eery, Jed Solomon, Jamiah Rlchllrds-L¢acock. Evan McPhillip$ became the Englisli Junior Chanipiom taking the All-AroiLnd gold, th¢ gold on fl¢y)r and ihe gold on rings. Jamiah Richards•L¢acock took gold on Vault with Mojris taking sold on P bars, Jack FaiTell took bronze on high bar. Lexi MoTlimer came 6th on Floor, Anabelle Green wa$ 4th on A bars. At the Northwest Deyelopmenl mpetItioll Sophie J¢iikinson won bronze. Atth¢ British Champtonships- Lucos Morris won Gold on P bar4 Evan MePhi11Sp5 won 3 silvers. jnIah Richards.Leacock won 2, and Lexi Mortimer succes$fi]IIy qu81ified to the Senior category> Athabelle Green took silver oh A bar8. Evan McPhlllip5. Sammy Coiier and Akyru liodgers-Plumber gpiiied Briiish National Junior Squad 5¢1ectioth Evan Akyra were selecied for Junior EuTopean Championsliips. howeY¢r Akyra unfortunately had io bo wiihdrnwn due to injury. Flnant The ¢hority ha5 8 SIIDng uicome stream its charitoble aellvities and this is applied towards the charity's objectives. The Trustees Are satisfied that the chArity ¢an mAlntain and grow ils aclivilies. Futur¢ Pl*ns Meeliftgs have been carrled out with Manchester City Council towards the reoli5ation of & new, significJThtly UP8fdded facility within the area of the Goiton community. This is kn recognition of th¢ vltal WOTk that the ¢harity does in the local coininunity. MrTN McGill Thistee 21111125 Page 2
city of Manchester Gymna•tlc$ Xndopondent ExY4mln•r's Report to tho Trust•e of Clty of Manchester Gymnatlco For The Year Endad 31 March 2025 I report to th trusiee5 my examlnbtlon al th¢ att•unts of aty ol Manch•5tsr Gymnastics (the Trust) lor the year ended 31 March 2025. Retyon$lbllltlu •Md ¥il• ol Report A5 the Chprfty trn5tee5 olthe Trusl you are re5ponklble for the preparntlon of th• attounts In aCcOrd•n wkh the re4ulrements of the ChDrklE5 Art 2011 rthÈ Act'l. I report In re5PEEe Of my e%èmlnJtlon of the Trust% accounts carrled out ynder 5ecYon 145 of tht 2011 Art 8nd In carrylng out my amInatIon, I have followed the ?ppll¢able Dlrectlon5 9lven by the Charlty CommlssloTh undersectlon 14515)(b) of the Act. Xndopendent IxaMln•rf$ Stat•m•rt SlrKe the Ilust's qross ID¢ome exceeded £250,01)O your exomlner must be 3 member of • body Il¥ted In seLtlon 145 or the 2011 Act. I ronflrm that I Om quallfted to undertoke the e¥amlnatk>n bECaUSe I am è memberof The Assodatlon of Chart¢red Cerdfled Accountallts. whlth Is one of the Ilsted bodles. I have completed my examIn)on. I'conftrm thai nts materlal matters have come to my attentton In ujnnèdltsy wlth th• examlnètlon olvln9 me Cause to belleve thot In any materfal Yespe£t'. l. ar¢ountlng records were not kept In wpect of the Trust as requlred by sethon 130 of the Att. 2, the uccounts do not accord wlth those Tecord$.' or 3. the arcounts do not cornpiy wlth the appllcable reoulrements conternlng thp forni and contents of accounts set out In the Charftles (At¢ovnts and Reports) Re9vlètlons 2008 other th4n )ny wulrement th* the accounts glve a true and ralr vlew, walch Is not a matter consldered as part of an Independent examlnltlon. 4r I have no corttems and have Come across no other mJtter5 In ¢¢nne£llon wlth the examinauon to Ylhkh aitentlon should be drawn In thls report In Drder to enable 8 proper understandlng of th• èccounts tts be reache41. Chrfstopher D03n FCCA 2511112025 Axlom Bu$lne55 Consultancy Llmlted Chartered Cerufled Accountants Montgoldrum F8rm Arbuthnott Lourehceklrk Aberdeenshke AB30 IL5 Page 3
Clty of MancheBter Gymnastl¢8 statement of Flnanclal Actlvltles For The Year Ended 31 March 2025 31 M•r¢h 2025 JI M•r¢h 2024 Unr•#trirted Unmstrlrted fund• fundo Not•# INCOME AND ENDOWDIINTS FROM: Donatlons and le98¢le5 ChJrltJble actlvStl2s'. Gyfflni$Yc fees other 61,831 50,005 912,123 5,113 979,067 50,005 EXPENDETURI ON: Ralslno fund5 Charltable actlvlves,. Gymnastlc Fee5 15211 (900,6821 19QD.682) 78,385 1521) 49A84 NETINCOME NET MQVEMENT ZN FUND8 RECONCIUAYXON OF FiINDSI Totsl fund& bmught forward TOTAL FUNDS CARRXID IORWAMD ?8,385 49,484 49.484 14 127,869 49,484 The noles pages 7 to 11 lorm part of these flnèthclal st•tements. Pa9e 4
Clty of Monch•*t•r Gymnagtl¢8 St•t•ment of Fln•n¢lal Posltlon As At 31 March 2025 31 March 31 M•Mh 30215 2024 Unr•Btrl¢ted TOtDI fundB lund• PIXED ASSETS YJngNe A%¢ts 11.019 13.019 CURRENT Assrrs Ch at bank and In hpnd 154,333 49,784 IS4,333 49,784 Ct•dltsM: hlMn# Du• Wlthln lkn•Y•¥r 12 (37,t183) I3) NET CURRHNT ASSETS <IIABIUTJEg) 116,950 49,4B4 TOTAL ASSETS LESS CVRRfNT LIA8IiITXES 127.869 49h84 NET ASSErs 127,869 49,484 VUXDS OF THE CHARiri Unrestrtcted Funds 127,869 127,869 49,484 TOTAL FUNDS 14 49.4B4 On beh)Ir of the boa Mr T N MCGIII 2511112025 The notes on pages 7 to 11 form part of these flMn¢L41 statements. Pag¢ 5
Clty of Manchester Gymnastlc• statement ol C••h Flows For The Yejr Ended 31 Mah 2025 31 M•Nh 2025 31 Mlieh 20VI 14ot•A c•sh flow$ from opernttng 4¢tl¥ltl•• Plet ca¥h oenerjted from opeiatlor InteTe5t pald Ilet cash gvneratod frorn operan9 actlvllles Cash fi• fF•m In¥•sllDg •etlvlUt• Purthase of tanglble assets 120,310 {2,796) 117,514 49,784 49,784 112,965) Increase In cash and cjsh equlvaler*s sh ofid c4sh ¢qUBIents at be9lnnlng of Or Cath and ush equlv4lents 8t end of year 104,549 49,784 49,784 154,333 49,784 Page 6
Clty of Manchestr GymnatlcB Not¢s to the Ststement of Cash Flows For The Yéar Ended 31 March 2025 l. Rwonclllltlon ollnume to E••h oworated from tsp•r4tlon• 31 2025 31 M)rch 2024 Net Inrome AdJustm•nts For.. Intsre5t expen%e Depredbtlon of tanglble as5tts Movements In worklng capltal.. Increase In trade and other (rtdltQTS 78,385 49.484 2,796 1,946 37,183 300 Net Cagh generated from operntlons 120,310 49,784 2. C•sh a•h •qulv•l•nl• Cash and cash equlvalent&, as stated In the Statement olcash flows. relates to the followlrtg Items In the Balante Sh¢et: 31 M•rch 31 H•rch 1025 2014 Cash at and In hand 154,333 49,784 3. Anal1* of lff n•tfund& As •t l Aprll Cn•h flaw• 2014 A••t31 Mar¢h 2025 Cash at bank and In hBnd 49,7ts4 104,549 154,333 P49¢ 7
Clty of Manchert¢r Gymna6tlc¥
Note• to th• Financlal Stat¢mtnt•
For The Y•ar Ended 31 Mareh 2025
l. Gen•ral Informatlon
city vf M¥nchester Gymnastlts Ls è charltsble Incoworat2d organlsatlon reglstered wlth the Charlty Comfftlssk)n, reglskred
charlly nurnbor 1204750. ThÈ prfnGlpal address * Garratt Way Monchester, M18 8HE.
2. Ac¢ourtt5ng PolleloFS
2.1. 03s1s of Preparatlon of Flntsttdl Stat•m•nts
The flnanclal siatèments have been prepbred In accordan wlth the Charltles SORP IFRS 1021 'Accountlng and
Reportlny by Charlt1es-. StatemeTrt of Recommended Pia£tlce appll
Clty of Manchester Gymnastl¢# Not•$ to the Fln•nclal Statements (eontlnued) For The Year Ended 31 M)r¢h 2025 5. N•1 Incom•l(Exp•ndltur•) The net Income ts st•t¢d after chargln911credltlng): 31 M•r<h 202 31 M•rth 2024 Operntlng lease renrals D¢pred#tlon of t•Dglble fftxed B5sets- owned 2,796 1,946 6, Anily61$ •1 Exp•ndlturn 31 M•r¢h 2025 A¢ilvltl•• undertak•n dIrY Support (lee nrte 7) Totsl 721,367 179.315 900,682 GymnasY¢ fo+$ 31 M•r¢h 2024 8upport ¢0 Is¢e note 7) 521 Ilalslng fvnds 7, Support ¢o•ts 3X MDrch 2023 GymD•511c f•¢• 12.405 138.402 28,508 179,315 Employee costs Prernlses exp¢nse5 Genernl admlnlstratlan JI Marth ZOa4 tund# 521 GBnErnI admlnlstr3tioii Pjgt 9
Clty of Manchèster Gymn45tIc Noto$ to tho Flnanclal Statem•nts (contlnued) For The Year Ended 31 Mar¢h 2025 8. Xndep•nd•nt Èx•mlnér'i R•mun•Yatlon 31 March 1025 31 M•rch 2024 Independent examlnautsn of the flnanclal statements Other assurance seNlce5 Thx advlsory rvJce5 Other flnancll servkes 1,500 300 1,5QO 300 9. Staff CoBts Staff costs ¥vere as f¢llow5', 31 MoY¢h 102Y 31 March 2024 Waye5 and sèlarles Other ptnslon COSLS 393,762 22,079 415,841 No employee5 receed employee btfits (excludlng employer pen$lon c05ts1 for the reportlng perlod ol mDre than £60,000. 10. A¥•rag• Numb•r 41f Employe Avernge number of employees durlng the year w45.. 1812024: NIL) 11, Thnglbl• AF¥•t Pl¥nt MJchln#ry Colt As at l Aprll 2024 Addltlons 12,965 As at 31 March 2025 12.965 Depreclayon As at l ApTII 2024 Provldcd durlng the perlod As at 31 Nar¢h 2025 1,946 1.946 N•t Btsok Value A5 at 31 Mèrch 2025 11,019 A$ at l ApTII 2024 Page 10
Clty of ManGhester Gymna#tlcs Not•s to tho Financial Statemonto (contlny•d) For The Year Ended 31 March 2025 12. Cr•dl¢oM: Am¢unts F•lllng Dua Wlthln On• Y••r 31 Mar¢h 2025 31 M•rch 2014 Qthtr credltors Taxatlon and sKlal SrIty Ac¢nJals and deferred Income 2,383 7,781 27,319 37,483 300 300 13. Penslon Commltmes5ts The tharlty operate6 a defined contrlbytlon penslon seherne. The assets of the scheme Jre held separètety from Ih05e of the chartw In an Independently adtnlnlstered funtl. Durlng the y¢ar the chJTge to the statement offlnanclal actlvldes In respect of defthed contrfbuUoTr schemes wa5 £22,079 12024: ÉO). At the statemert of financkl posItn dale contrlbutlons of £NIL were dLE to the fund are Included In rredltors. 14. Mo¥ement In Vund# Is 8t l Aprll 2024 AJ•t31 Expgndltsr• M•rch 1025 utre*trl¢tsd fund$ GeneRI.. General unre5til¢ted fund 49,484 979,067 1900,682) L27,869 Totsl funl$ 49,484 979,067 {900,682} 127,869 A#•tIB September 2033 A•bt31 •xpqndlwM Mpr(h 2024 Incom• Unr•rtrlctsd fund• Gitwral.. Gra1 unrestrfcted fvnd 50,OOS (521} 49,484 T•tsl lund# 50,005 (521) 49,484 IS, wlih Trurt None of the trustees recdved any remuneY4Uon or any other benefltg from an empl¢yment wlth the charlty or a rÈlated e#t durfng the current or prtvlous year, No tNstee expenses haye been Incutted. 16. Relknted Party DIKIotsur•8 There h&vE beeft no Tekled party trans9On$ In the reportlng perfod that requl¥e dlsclosvre. page 11
Clty of Manchester Gymna$tlcs Detalled Statement of Flnan¢lal Actlvltle• For The Year Ended 31 March 2025 31 20>S 31 Marth 2024 Total funds Tot•1 fund$ INCOME AND ÈtIDOWMENTS FROM: Donatltsno and l•ytle• Donatlpns and glfts 61,831 50,Q05 61,831 50,005 Charltsblo ArtlvJtleB: Gymmastlc Sole of gopds or se15 9J2,123 912,123 other Hlre of Equlpment Grant other Income 4,460 45Q 203 5,113 979,067 50,005 EXPENDITIIRE ON". Rth151thg futtds Independent examlner'5 fees Sundry expen5e5 1300) 1221) {5211 Ch•rltable Atl1¥0&. Oymnb#lc fe*¥ Award scheme rltlsh Gymnastlrs fee5 Cafe purEhB5es Competluon fee$ Trdlning klt Coachlno paymeThts Wages and salarles Employers penslon¥- de14ned COntbUtIOn schemes Depre£ltytltrt) Operdtlng leases Staff trblnlng Travel ènd subslstcllc¢ expen5e5 Rent Vehtd¢ Insurnnce tosb Computor Ènd IT con5umBbles Centre supplles and COnSUMaUes Rep3lrs, renewals and malntenance Prfntlng, postage and statlonery Advertlslng and mark£tlTrg tost5 TÈlecotnffjunlcatlons Independenl examlner'8 fees LE9al foe5 14,299) (44,985) 16,510) 14,467) 111,220) 1229.3031 1393,762} 122,079) 11,9461 12,7961 1241 (J2,38XI IL38,402} 11081 11,682} 11,122) 11,6291 (J.3491 11.638) {1,351) (1,500) 11,4711 ,.CONTINueD Page 12
Clty of M•nch•Jhr Gymnastlrs Dets11 Stat•ment of Flnanclal A¢tlvltlas (contlnued) ForThe Year Ended 31 March 2025 Sub5tt1ptlon5 Sundry expenses (886) (15.7721 (900,6821 {900,68ZI 152LI IIRT XtICOMI 78,3NS 49,484 Page 13