EXETER GYMNASTICS CLUB
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2025
EXETER GYMNASTICS CLUB
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
CONTENTS
| Pages | |
|---|---|
| Trustees’ annual report | 1-3 |
| Independent examiners report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7-9 |
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EXETER GYMNASTICS CLUB
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025
Legal and Administrative Information
Charity name Exeter Gymnastic Club Registered number 294294 Principal address Bull Meadow Park Bull Meadow Road Exeter EX2 4JF Trustees Management committee of trustees Timothy Johns -Chair Heidi Davey -Secretary Sebastian Martens - Treasurer Michael Richardson Marie Evans Yvonne Budd Martin Balman Holding trustees Richard Franks Meriel Fry Timothy Johns Alan Cleave Bankers HSBC 9 St Thomas Centre, Cowick Street Exeter EX4 1DD Accountant and Simon A Martin Accountants Independent examiner Wessex House 66 High Street Honiton EX14 1PD
Structure governance and management
Governing document Constitution as last amended 15 November 2006 How the charity is constituted Club consisting of approximately 990 members Trustee selection method Trustees are appointed or reappointed annually at the Annual General Meeting
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EXETER GYMNASTICS CLUB
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025
Objectives and activities
Objects of the charity The aims of the club are to provide or assist in the provision of a facility and coaching which will enable pre-school children and students of schools and universities to undertake gymnastics 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.
Activities achievements and performance
Summary of the main activities
All our charitable activities focus on the club’s main and undertaken objectives to further our charitable purposes for the benefit of both club members and their visitors.
Our membership numbers at the year end were 990. In addition to our regular activities we have also carried out roofing repairs and given grants so that the gym floor can be inspected and upgraded. Our focus has also been on moving to a CIO structure which we hope to complete in the coming year.
Net revenue from Exeter Cheer was £3,369 (2024: £2,383).
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EXETER GYMNASTICS CLUB
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025
Financial Review
Reserves Policy
The policy of the charity is that income should cover charitable activities costs. The unrestricted reserves are held to cover any deficit.
Holding trustees
The freehold property is being held for the charity in the names of the holding trustees.
Declaration
The trustees declare that they have approved the Trustees’ report above and have authorised me to sign on their behalf.
Sebastian Martens Treasurer
Date………………………….
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EXETER GYMNASTICS CLUB
----- Start of picture text -----
Report to the trustees of Exeter Gymnastics Club
On accounts for the year 31 August 2025 Charity no 294294
ended (if any)
Set out on pages 5 to 9
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| I report to the trustees on my examination of the accounts of the above charity | |
|---|---|
| (“the Trust”) for the year ended 31 August 2025 | |
| Responsibilities and basis of | As the charity trustees of the Trust, you are responsible for the preparation of the |
| report | accounts in accordance with the requirements of the Charities Act 2011 (“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 out my examination, I have followed | |
| the applicable Directions given by the Charity Commission under section 145(5)(b) | |
| of the Act. | |
| Independent | I have completed my examination. I confirm that no material matters have come |
| examiner's statement | to my attention in connection with the examination which gives me cause to |
| believe that in, any material respect: | |
| accounting 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 concerns 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: Name: Relevant professional qualification(s) or body (if any): Address: |
Date: | 19 November 2025 |
|---|---|---|
| Claire Barrow | ||
| Chartered Tax Adviser | ||
| Simon A Martin Accountants | ||
| Wessex House, 66 High Street, | ||
| Honiton, EX14 1PD |
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EXETER GYMNASTICS CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| Unrestricted Restricted Funds Funds Notes £ £ INCOMING RESOURCES Incoming resources from generated Funds -Voluntary income Sundry Interest Donations 101 761 -Activities for generating funds Cheer 22,464 Rents (Net) 12,546 Membership fees May Fayre 9,240 1,281 TOTAL INCOMING RESOURCES 46,393 RESOURCES EXPENDED Cost of generating funds 3 Cheer 19,095 Insurance 3,231 Bank charges 60 Repairs and maintenance 2,286 Legal fees 1,682 Depreciation 3,790 Grants 2,606 Loan repayments 12,375 Governance cost Accountancy including Independent examiners fee 696 TOTAL RESOURCES EXPENDED 45,821 NET INCOMING/OUTGOING RESOURCES 572 TOTAL FUNDS AT 1/9/2024 510,829 _ TOTAL FUNDS AT 31/8/2025 511,401 _ |
Total 2025 £ 101 2,042 22,464 12,546 9,240 - 46,393 19,095 3,312 60 2,286 1,682 4,271 2,606 12,375 696 45,821 572 510,829 511,401 |
Total 2024 £ 107 1,020 15,888 12,300 9,056 926 39,297 13,505 2,872 60 - - 4,271 - 12,375 696 35,739 3,558 507,271 |
Total 2024 £ 107 1,020 15,888 12,300 9,056 926 |
|---|---|---|---|
| 39,297 | |||
| 13,505 2,872 60 - - 4,271 - 12,375 696 35,739 |
|||
| 510,829 |
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EXETER GYMNASTICS CLUB
BALANCE SHEET AT 31 AUGUST 2025
| FIXED ASSETS Notes Tangible assets 5 CURRENT ASSETS Stock Debtors 6 Cash in hand Cash at bank CREDITORS;Amounts falling due within one year 7 NET CURRENT ASSETS LONG TERM LIABILITIES 7 NET ASSETS 8 FUNDS OF THE CHARITY Unrestricted -General -Designated Restricted TOTAL FUNDS |
£ - 828 - 21,851 22,679 696 |
2025 £ 514,166 21,983 (-) 536,149 21,983 514,166 ______ 536,149 |
£ - 747 - 17,571 18,318 696 |
2024 £ 517,956 17,622 (12,375) |
|---|---|---|---|---|
| 523,203 | ||||
| 5,247 517,956 ______ 523,203 |
Declaration
The trustees declare that they have approved the above accounts and have authorised me to sign on their behalf
Sebastian Martens Treasurer Date…………..
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EXETER GYMNASTICS CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
- 1 BASIS OF PREPARATION
Basis of accounting
These accounts have been prepared under the historical cost convention and in accordance with accounting and reporting by charities – FRS102 and applicable accounting standards.
- 2 ACCOUNTING POLICIES
Incoming resources
These are included in the statement of financial activities when the charity becomes entitled to the resources, certain of receipt and the amount can be measured with sufficient reliability.
Investment income is recognised on a receivable basis.
Resources expended
Expenditure is recognised when a liability is incurred.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation
Depreciation is provided to write off the cost of fixed assets on reducing balance basis over their useful lives at the following rate.
Equipment 15% per annum Fixtures & Fittings 20% per annum
No depreciation is provided on freehold building or improvements thereon.
Stock
The stock is valued at the lower of cost and net realisable value.
3 INCOMING RESOURCES
| Proceeds £ Exeter Starlights (Cheer) 22,464 22,464 |
Costs £ 19,095 19,095 |
Net £ 3,369 3,369 |
2024 £ 2,383 2,383 |
|---|---|---|---|
4 TRUSTEES EXPENSES
Trustees were not reimbursed for expenses incurred during the year.
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EXETER GYMNASTICS CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
| 5 TANGIBLE FIXED ASSETS Freehold Property Improvements to Freehold Property Equipment Fixtures & Fittings £ £ £ £ Cost or valuation At 1 September 2024 203,348 290,407 128,295 10,227 Additions __- - _- -__- At 31 August 2025 203,348 290,407 128,295 10,227 Depreciation At 1 September 2024 107,290 7,031 Charge for the year 3,151 639 At 31 August 2025 110,441 7,670 Net book value At 31 August 2025 203,348 290,407 17,854 2,557 At 31 August 2024 203,348 290,407 21,005 3,196 6 7 CREDITORS Amounts falling due in more than one year Loan from M C Euridge - 2025 £ DEBTORS Sundry Prepayments 828 Amounts falling due within one year Sundry Accruals 696 |
Total £ 632,277 ____- 632,277 114,321 3,790 118,111 514,166 517,956 12,375 2024 £ 747 696 |
|---|---|
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7 CREDITORS
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EXETER GYMNASTICS CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
8 ANALYSIS OF NET ASSETS BY FUNDS
| General Designated £ £ Fixed Assets - 514,166 Current Assets 22,679 - Current Liabilities Long Term Liabilities (696) - - 21,983 514,166 |
Total £ 514,166 22,679 (696) 536,149 |
|---|---|
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