EXETER GYMNASTIC CLUB ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 EXETER GYMNASTIC CLUB ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 CONTENTS Pages Trustees, annual report Independent examiners report Statement of flnancial activities Balance sheet Note5 to the accounts EXETER GYMNASTIC CLUB TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Legal and Adrnlnlstrative Informatlon Charity name Exeter Gymnastlc Club Registered number 294294 Prlnclpal address Bull Meadow Park 8ull Meadow Road Exeter EX2 4JF Trustees Management commlttee of trustees Timothy Johns-chalr Heidi Davey-secretary Michael Richardson Marle Evans Yvonne Budd Heidi Davey Martin 8alman Caran Riddick Alexi5 Webb Hayley Hayes - Non-votin8 Holdlng trustee5 Richard Franks Meriel Frv Timothy Johns Alan Cleave Bankers HSBC 9 St Thomas Centre, Cowick Street Exeter EX4 IDD Accountant and Independent examlner Simon A Martin Accountant5 Wessex House 66 High Street Honiton EX14 IPD Structure governance and management Governing document Constitution as last amended 15 November 20C6 How the charity is constitute(i Club consisting of approximately 953 members Trustee selection rnethod Trustees are appointed or reappointed annually at the Annual General Meeting EXETER GYMNASTIC CLUB TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Objectlves and actlvltles Objects of the charity The aims of the club are to provide or assist in the provision of a facility and coachin8 which will enable pre-school children and students of schools and unlversities to undertake gymnastits and to provide or assist in the provision of sports equipment for the use of such students. To promote provide or assist in the promotion and provision of the training of teachers and coaches for the purpose of training gymnastics. Actlvities achlevement5 and performance Summary of the main actfvitles All our charltable actlvltles focus on the club's main and undertaken objectives to further our charitable purposes for the benefit of both club member5 and their visltors. Following last year'5 successful relnvestment of 5urplu5 funds Into the restoration of the buildings, window5. This year we have both managed to provide new grant funding for the purchase of new 8ym mats as well as increase our reseNes ahead of the coming year where our aim is to once again release funds to improve the buildin8, specifically around the roof and heatlng. The net revenue for this year, for the hire of part of our premises to Exeter Cheer Istarllte'sl and Taekwondo has brought In just over £2,383 12023.. £3,241). Membership numbers as at 31 August 2024 are 979. EGC trustees thank all the 'Friends' for their continued support and efforrs over the past year and hope they will continue tQ SUPPOrt the new committee. EXETER GYMNASTIC CLUB TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Flnanclal Revlew Reserves Policy The pollcy of the charlty Is that Income should Cover charltable actlvltles costs. The unrestricted reserves are held to cover any deficlt. Holding trustees The freehold property is being held for the charity In the names of the holding trustees. Declaratlon The trustees declare that they have approved the Trustees, report above and have authorlsed me to 51gn on thelr behalf. Sebastian Martens Treasurer Date............................... EXETER GYMNASTIC CLUB Report to the trustees of Exeter Gymnastic Club On accounts for the year ended 31 August 2024 Charity no (if any) 294294 Set out on pages 5t09 I report to the trustees on my examination of the accounts of the above charity 1.the Trust") for the year ended 31 August 2024 Responslbllities and basls of As the charity trustees of the Trustj you are responsible for the preparatlon of the report accounts in accordance with the requirements of the Charities Act 20111"the Act"). I report in respect of my examlnation of the Trusvs accounts carried out under section 145 of the 2011 Art and in carrying out my examination, I have followed the appllcable Oirettlons given by the Charity Commission under sectlon 14515llbl of the Act. Independent ?xamlner's statement I have completed my examination. I confirm that no material matters have come to my attentlon in connectlon with the examlnatlon whlch glves me cause to belleve that in, any materlal respect: accountlng records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no concern5 and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: .iJ, Name: Claire Barrow Relevant professlonal qualification15) or b¢)dy {If any): Chartered Tax Adviser Addre5S: Simon A Martin Accountant5 Wessex House, 66 High Street, Honiton, EX14 IPD EXETER GYMNASTIC CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Restricted Funds Funds Total 2024 Total 2023 Notes INCOMING RESOURCES Incoming re50urce5 trom generated FurKI$ -voluntary income Sundry Interest Donations 107 1,020 107 1,020 51 -Act5¥ltles for 8enerating fund5 Cheer Taekwondo Rents (Net) Membership fees May Fayre Brazil funds TOTAL INCOMING RESOURCES 15,888 15.888 22,123 315 12,3C(s 9.224 12,300 9,056 926 12,300 9,056 926 RESOURCES EXPENDED Cost of generatlng funds Cheer Insurance Bank charges Repalrs and maintenance Taekwondo Bursary- Yeo Depreciation Other (Brazill Sundry expenses Grants Loan repayments 13,505 2.872 60 13,505 2,872 60 18,143 2,741 60 275 4,271 4,271 5,025 924 389 1,960 12.375 1,960 12,375 Governance cost Accountancy includin8 Independent examiners fee 696 TOTAL RESOURCES EXPENDED NET INCOMING/OUTGOING RESOURCES TOTAL FUNDS AT 1/912023 TOTAL FUNDS AT 311812024 3,558 507 271 510 829 3,558 507 271 510 829 15.760 491511 507 271 EXETER GYMNASTIC CLUB BALANCE SHEEf AT 31 AUGUST 2024 2024 2023 FIXED ASSETS Tangible assets Notes 517,956 522,227 CURRENT ASSETS Stock Debtor5 Cash in hand Cash ai bank 747 632 18,318 10,490 CREDITORS; Amounts fallln8 due within one year 696 696 NET CURRENT AssErs 17,622 LONG TERM LIABILITIES 4750 NET ASSETS FUNDS OF THE CHARITY Unrestrlcted -General -Deslgnated Restricted 5.247 517,956 (14,9561 522,227 TOTAL FUNDS Declaratlon The trustees declare that they have approved the above accounts and have authorised me to sign on their behalf Sebastian Martens Treasurer Date.............. EXETER GYMNASTIC CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 BASIS OF PREPARATION Basis of accounting Thèse account5 have been prepared under the historical cost convention and In accordance with accountlng and reportlng by charitles- FRS102 and appllcable accounting standards. ACCOUNTING POLICIES Incoming resource5 These are included In the statement of flnanclal activitles when the charity become5 entltled to the resource5, certain of receipt and the amount can be measured with sufflcient Investment Income Is re¢ognlsed on a recelvable bas15. Resource5 expended Expendlture is recognlsed when a Ilablllty Is IncUr￿d. Tangible fixed assets Tangible fixed assets are stated at cost less depreciation Depreciation is provided to write off the cost of fixed assets on reducin8 balance bas15 over thelr useful lives at the followln8 rate. Equlpment Fixtures & Fittings 15% per annum 20% per annum No depreciation Is provlded on freehold buildlng or Improvements thereon. Stock The stock is valued at the lower of cost and net realisable value. INCOMING RESOURCES Proceeds Costs Net 2023 Taekwondo Exeter Starlights (Cheerl TRUSTEES EXPENSES Trustees were not relmbursed for expenses incurred during the year. EXETER GYMNASTIC CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 TANGIBLE FIXED ASSETS Freehold Improvements Propertv to Freehold Property Equipment Fixture5 & Fittings Total Cost or valuation At I September 2023 Additions 203,348 290,407 128,295 10,227 632,277 At 31 August 2024 203 348 290 407 128 295 632 277 Depreclatlon At I September 2023 Charge for the year 103,583 6.467 110050 4271 At 31 August 2024 107 290 114 32 Net book value At 31 Au8USt 2024 290 407 21 517 956 At 31 Au8USt 2023 290 407 2024 2023 DEBTORS Sundry Prepayments 747 CREDITORS Amounts falling due within one year Sundry Accrua15 696 696 Amounts falling due in more than one year Loan from M C Euridge EXETER GYMNASTIC CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 8 ANALYSIS OF NET ASSETS BY FUNDS Total General Designated Fixed Assets Current Assets Current Liabilities Long Temi Liablltle5 517,956 517,956 18,318 16961 18.318 16961