REGIsfERED CHARITY NUMBER: 297968 TN TheBerkhamst mn ics Club Slewarts AC￿￿￿tants Limited 271 High Str¢rt BerkhatnsEed Hrrtfordshi HP4 IAA The Berkhalnsted G mna5ties Club Colltents of fhe Financial Statenients De¢e Report of the Tw5tee5 Ind6p¢ndent Exatllin*s Rcport Statement of Financial Activities Balance Shert Not¢slD the Fir*anGial Staterucnts 7 10 11 Thc Berkhamsted G tics Club rth Yeai. Ended 31 De¢¢mb¢r 2024 The trustees present their ￿port with th¢ firwiGial statements of the charity for the year ended 31 tkCe￿b¢r 2024. Th¢ trustt£s have adopted the provisions of Accounting and Reporting by Charities.. Siatement of Recommet￿ed P￿[Ce applicable to charities preparing their accounts in accordancc with the Finan¢ial RetM)rting Stalldatrj applicable in the UK al￿ Republic of Ireland (FRS 102) {effeGttve I Sanuy 2019). STRUCTUR& GOVERNANCE, AND MANAGEMEbTr Berkhamsted Gymnastics Club {the Club) is a registered charity with the Charity CotDmi5sion under number 297968. The goyejning document is the Con￿liUtion which w&8 appro￿￿ and adopted ot) 30 july 2020. The Charity Trustees a￿ listed below and are appoiDted or tt-app)inted at the Aamual General Meetii The Executive membeis elected for 2024 were as follows: chair￿[SO￿.. Ms Erin Laste Viee Chairyer50n'. Ms Carolyn Bathe Secretary.. Ms Carolin¢ Bryant Treasurer, M5 Sally Chrispin Welfdrtt.. Ms Sandra Healy Committee Members . Sonathan Nash Ms SalldrA Healy Ms Rachel Daly Ms Al¢xandi? Violette Ms Juli¢ Meeha N£s Priya Dasoju I resigned 09 May 2024) Ms Sarah Edwards OBIEcrtVES AND A￿1Vr[lEs Public benefit The club confitTn they have ￿nSid￿ed the Cb&rity Comtnission's guidan¢¢ on public knefit wben objectives nd planning a¢tivilies. The trust¢cs confident that the gymDastics club's adivitie4 by proyiding a¢¢essibl¢ gymttaslics trainit)g. ErKouraging health, fitn¢ss, and person&1 collfidethce among childrcn and young peopl4 di￿tlY providc a clear pybli¢ benefit in line with our¢harilable objectives. Page I The Be￿amSted G mnastic5 Clu Year Endd 31 Deeember 2024 FINANCIAL REVIEW Principal fundimg source5 The club has colltiEiued to thrive, thanks io th¢ adept Mat￿ge[ne￿I by l)oth club twdnagement and committe¢ membet establishing a solid financial foundatiott. We expT&%S our heartfelt appte¢ia¢ioEJ to knth cutmt and fornKr commiltee Inetnb¢rs who have generoiLsly volunteeroj ih¢ir time and enugy. in h¢lping the club Ix¢om¢ the respecied organisation it is today. The Comtnittee ¢urrently comprises severdl trustee5 who no longer have collnections to the ¢lub, and we thank them for their ¢onliniied SUPTK)it. However, thks 15 not sustainable ￿ th¢ long tetm Bnd we would urge anyone. with eonDections to a member of lh¢ Club, to con5ida' stq)pit]g foTward to joÉTh the comittee. It is a hugcly rtwarding role and your support can help to shape th¢ ¢lub for your Child and future generdtiotks to cojne. We are specifically in need of tnLStE to accept key positions With￿ th¢ club such as chair and vice chair. Corwuenily, our f(Kus in the coming y¢aJs will be to ¢onrinue to recFUit the 'next generdtion" of tr￿51￿. in order to ¢nsure the fvMre success of the ¢lub and rnainlain a 51Tong ttam of ¢ominitte£ Enembers. The club Mal￿geMe￿it coaching tewti have Continued to do an exceptional job, WOTking tirele5sty fo offw a robust Ye¢redtional pl￿graM whilss helpillg our members experience both the physical and mental benefits thai partaking in gymTLasti¢s affords *hetn. In line with our mission statement, the Safety of the envlr0mn￿t is of paTafftount imwrtance and as such our cuachinE le&En take great precautions in prioritising the gymnasts, well-king and ¢reaiing safe Spates to flourish the sp)rt. A5 part of our ongoiDg comn]itment to provide saf¢ friendly, and fut) lessons we bave ¢onlkn4Kd to offer smallei. cla&% sizes than recon)mended by British Gymnastics. We are pleased to say that, whilst nutnbos in¢vitabty fluctuate thtDllghout the year, membership numE¢rs remained fairly static atth¢ end ofthe yearwith just over450 member4 compared to 450 at the end of the pr¢vtous year. IncoEne for the year, as showtl in the stalenellt of financial ￿tivitieS. is th)wn by £8.860 but this ts maÈTrly du¢ to an adjustment for accnjed income made in 2024 but not in 2Q23. which created & timing difference. If w¢ had adju5td for this in 2023. in¢ome lll 2024 would be circa £1 1.000 higher wtth Y4 cortEspondin8 de¢¥eas¢ in 2023 (s¢.lld difference nil over the two y¢8￿1. Staff 8t)d consultsnvs costs continue lo ￿ the largest expense in the year at 8tWo (2023.. 71P/ts) of the Co￿e. This increase in dittct Costs refl￿ts the ab(Trvc adjuthttent Iwt also the in¢re&se in the national minimum and living wage5 Èn 2024. As a result of the &Ly)ve the Club sliowed a small lo&% for ihe year of £77 wnpared with a profft in 2023 of£16,794. Coa¢h ffcruitment Can b¢ a challenging t￿k du¢ to fhe scarrity of availabl¢ ¢oach¢s in geThe￿I. However, the club is currently in an enviable position, boastin8 a dedicated group of regular ¢oathes, ÉnciudKng eight coxhes at Level 2 and &bov¢. The Club continues to nurture it5 own coacbes by ￿coUrA￿￿g membets to join thc coachillg ieam &8 they eTbter tlieir teenage years and puisiir their Level I coa¢hing ¢xams and wa5 also pleased to offer ao &pprenticeship in th¢ year to one of our young CA)￿h¢S, which enabled thetn to obtain a level 2 gymnasti¢s qual1rj￿t1Oft in the Y&￿. We will continu¢ to offer Apprentieeships to suitabl¢ Gandidales. We d¢ep5y appreciate the unw•verin8 enthusÉasTn and p&55ion dtmon5trdted by all our coachc4 and w¢ ar¢ immellsely grai¢fi*l fortheÉr dedi¢ali¢)n. Looking ahead to 2025, our commitment remains foGus¢d on developitlg our coxhing team and exploiiDg aV￿U¢$ to ¢ntt)urage ixore individuals to join the committe¢. Furthem]or4 WE will continue our efforts to ¢xpaDd our mtmLwship base while upholding our ovtiwching stralegy of delivuing hi81￿qUalItY gymllastics Clas￿ for 811, withill a safe at ettjoyable ellvirontnent. In 2025 we will con(iÈJue with mi￿10￿ of (klivthing aEMI safe gymnasliis for o growiiig community of memkrs. InveStMe￿t policy objectives The object of the charity is to teach and support children in the fvJMlamcrhta]5 of gymnasttcs a¥ a rneans of kttping fit through providing ¢lasses to toddlErs up to comp¢tition level for all age53.5-18 ye8rs. The Club's mission is to provide opw>rtunÉti¢s for all its lnem1￿S to enjoy the IMefits in health. wellb¢ing and ¢onfJdence that gymnastics to offer. io a safe. friendly alld fun tnyironment. The Club achicves ils objectkv&q by offerÈng gymnasti¢s ¢lasse5 for children of all &ge5 and abilities. Mernitrship comprises girls atid i￿1YS Étt recreationa] programs, mixed p¥¢-s¢hool participartt& and girls ar)d tKkys engaged in advanced recreational gymnastics. The badge Syst￿ for all apparntus enables gymn&sts to prtyyss at their own p￿C while maintaining their motivation. Pag¢ 2 The Berkhamsted G mnastics Club It f lie Ti￿st¢t8 for the YearEnded 31 De¢em . 2024 vtNANCIAL REVIEW Re￿ry¢S poliry We have rts¢ryes at 31 Dcccimber 2024 of £254.076 {adecr&2se of £77 fTrtn lastyearl which are unrutricted fund Tlie trustees consid￿ it prudet]t to have suffirient general administrdtion resour￿￿ available in our gcr*rdl fut￿ to meet our in¢reasiE]8 obligations and rep3ifS to premise5 and equipment. Th¢ cl￿b cotilinue5 to took for new premises either in addition to the current prymises or as an alternattve alld the designated funds are required to facilitatc this and improvement of the ¢￿T￿lt Slte. Going concem The trustees have atsessed The eharity's financial position and its plat)s for th¢ fordseeable firtllre. They have a reasonable expe¢latson the charity lias adequate resources to continu¢ its ryerational existence for th¢ next 12 month* Accordillgly, they continue to adopt the goiE)g concctn basis in prcp&rin8the finaD¢ial s*atemeE￿. We are UL a sIIollg posit40n with regard to our fJnancÉal situation. our ¢omEnitted club njanagernent tram. our pwionaie a¢hes a￿d OUT COtnmitt¢e and l am confident we will conliniie to deliverour mi5SiOll. STRIJCTtJRE, GOVERNANCE AND MANACEMENr Governing document The ¢harity is controlled by its governing do¢ument, a deed oftrust and &)nstitut&S 8n unitxx)4xxatd ¢harity. Risk managemtiit The trustees also have a duty to identify and review tbe rtsks lo wbich the cllarity is ¢xp(wd and to enF4Jrt Apptwiate coniTulb are in place to provide reasonable assurance against fraud, em)r, orother risks. The Club r4lliarly review5 and updates its tx)licies and Nocedutts and provid&s relevant training to biLStees. coathes and staff. A risk asgessmcnt is maintained aEJd reviewed annually to monKtor risks ond the effectiv¢ne55 ofany mitigating a¢tions. The ttustees att satisfied that oppropriate syst￿￿5 aT¢ itt place to mar￿e the ctmrity's EXp￿￿et0 major rith5. REFERENCE.4ND ADP¥llNisfRATtVE DETAILS Registered Charity number 297968 PriiicipAI addr¢ss Ashlytts Sch(K)l Grounth Cheslwn Road Berkhamsted Hert(o￿shlre HP4 3AH Trn$tee$ S Chrispin B Last¢ Indepertdent Examiner Stewarts Accoiintants Limited 271 Hi￿ Strcet Bukhamsted Hertfordshire HP4 IAA Approved by ordu of the bDard of trustees on 2 June 2025 and signed on its behaEf by: E Losle- Trustee Page 3 eTJdent Ex mlaels Re ort t the'fr Th¥ Beikhamstrd G mnasii¢s Clthb ees Indepeftdeiit exarniner's report to the trustces of The B¢rkhaJnsl¢d Gymtt8511¢$ Club I IH)Ort to the charity twslees on my examination of the accounts of The B¢rkhamst¢d Gytnnastics Club (the Ttust) for th¢ year ended 31 DeceTnber 2024. Respon5rbilitaes and basis of report As the charity trustees of the Trust you are responsible for the preparalion of the accounts accordance with the requiTements of the Charities Act 2011 (Mhe Ace). I report in ttspect of my examination of tlie TTUSt's accounts carried out under Section 145 of Ihe A¢t and in carrying out my examTrtkatioll I have followed all applicable Dire¢(ions given by the Charity Commission under Section 145{5Xb) of the A¢1. Independent eX#Tniiier'5 Statenient I have coinplet¢d my examinatioii. l ¢onfJmi that no Enatcrial matlers have come to my atta￿10￿ in connettion wilh the examination giving me cause to bEli¢v¢ that tn a#y material respect.. a¢ci)uttting records were not kept in respe£t of the Trust &$ required by Se￿10￿ 130 ofthe Act. or the accounts do not accord with those recoTds- or the a¢¢ounts do not comply with the applicable requirements concerning the forni arkd content of accounts set out in ttL¢ Charitie5 {Accounts and Reports) R¢gulatioNs 2008 other thatt ony rEqu1￿ment ¢hat the accounts give trlle and fair view which is not a matier considered as part of an independent exaTninaÈion. I have no ¢on¢¢m$ and have ¢ome a￿0$5 no other matteTS in connectiorL WÈth the examination to which attentton should be drawn in thi5 report in order io enable a proper understanding of the acc(xmts to be reached. David Smith ACA Siewarts Atcollntanrs Limited 271 High StreEt Berkhamst¢d Hertfordshire HP4 IAA Dat¢.' Pase 4 en15ted G mn ics Club Inent of Financial A for the Year Ended 31 December 2024 31.1224 Unrestticted 31.1123 Total funds Not& INCOME AND ENDOWMKP4TS FROM CharitHble activities Subscriptions ￿ld session fees Sale of goods Sundry irceipts 175.097 5.024 185,770 5.012 507 TTrvestment irÈcome 5,066 1805 TotAI 185.694 194,554 ExPEND￿URE ON Cli¥rifAble Activiti Good5 tor use and resalc Advertising 4.684 878 957 6.699 6,670 942 126,310 7281 1,167 263 Prtnting and stationery Depreciation S¢twi¢es to 8ymt]astum Repairs to gymnasillm Siaff wages and courses Admsnistration Costs Siindi'ies Bank Gharges CJnifoiThs Audit and ac£ountallcy AffiliaÉion, competition fees & insurance LOS￿ Igain) oil dRsp05al of fixed assets Con5ultan¢y 825 A794 5.496 935 109,048 9.520 1.463 500 1.931 4.765 4.663 (1.850} 28.085 3,073 7.789 22.816 Total 185.771 ITI.760 NET INCOMEI(EXPENDITURE) n) 16.794 RECONCILIATION OF FUNDS Total funds br(xight forward 254.153 237J59 TiyfAL FUNDSCARRIED FORWARD 254.076 254.153 The notes foml part of these finartcial staiements Page 5 ethms ed G mllastiC5 Club lance Sheet 31 D¢c¢mbeY 2024 31.12.24 Unrestrict tut)ds 31.12.23 Totsl fun& Notes FIXED ASSETS Tongible assets 40.043 44,406 CURRKNf ASSETS StOGks Debtors Cash at bank and in hand 5.045 13,850 209,308 1.666 11430 198568 228.203 211664 CRBDrroRS Amount5 falling due within oney¢ar io (14.170) (2917) NKf CURRENT AssgTS 214.033 209,747 TOTAL A￿ETs LESSCURRENT L￿BIL￿lEs 254,076 254.153 NET ASSETS 154.076 254.153 VUNDS UnT¢Sti'ickd funds 254,076 254.153 TOTAL FUNDS 254,W16 254.153 Thc finafj¢iaL stat¢m¢nts were approved by the Board of TA￿tee5 and autlKxisd for issue ¢)n 2 Jun¢ 2025 and were signed oll its behalf by.. sJGn as th¢r¢ is a legal w cotthctiye obligation commttting tbe ¢liarity to that expendithr4 it is probable th* a transfer of e¢oThomic benefits will be ￿luIred in scttlemeAi and the aTnQUttt of thc obligation czn be measiired reliably. ExpeE)diture is ac¢ounted for an accruals basis and has been classified U[￿er headings that aggreg&l¢ all c05t related to the category. Where ￿sts c￿￿0t be directly attributed to partioular headings they have been allo¢ated to adiyities on a b*gis con5iSt¢nt with the use of resou]ze& Charitablt aclivilie5 exp￿dItUre relate5 to th¢ cost5 of Nwiing the charitable activities at the 8ymnas¢ics club. and to Maintainll￿ the premiR5. Govemance Gosts are those in¢urred in meeting the cFwity'$ constitutional 8t)d statutory ttquirements. nclude th¢ indcpendent examination fees and other w5ts linka to the str4tegio management of the ¢h¥ity. Other resources expended relates to the costs of plannin8 and compldin8 S￿ifiC building maint¢n8nce and improvements. T¥tngibk fixed x$sets Depreciation is Provided at the following annual rates in order tt> write off each asset over its estimated us¢ful Long l¢a5¢hold PlaTrt and machinery Fixture5 fittings Computer equipm¢nt IO%on Cost IO% on redUcu￿ balance 250/0 on redllcing balance 25YD on redu¢ing balance Stocks Stocks are valued at the lower of cost and net T¢alisable value, after making due allowaThce for ob501de and slow oving tteins. Fund accounting Unrcstricted fun￿ can b¢ used in acGordan¢¢ with th¢ charitable objectives at the discretion of the tnjslees. All funds ar¢ UE]Testri¢ted. P4e7 ¢ontinued... The Berkhhthst￿ G mt)astics Club otes to thB tatetnents- forth r Ended 31 Detembei. 2024 inued INVESTMENT INCOME 31.12.24 31.12.23 IntBf¢ston Money deposited 5,066 1805 TRUStEES' REMUNERATtOT4 AND BENEFITS There were llo trustees, remuneration or other ben¢fits for the year ended 31 December 2024 nor for the year ended 31 Dettmber 2023. Tru5tee5' expenses There wer¢ no trustee5' expenses rAid for the year ended 31 December 21)24 nor for thE year ended 31 DecU￿b¢r2023. srAFF COSTS The average monthly r)umber ofernployees during the yearwa5 as follows: 31.12.24 26 31.1123 Employees No ¢mployees ￿e1Ved e￿O1￿mentS in ex￿S8 of £60,000. DONATEDSERVtc£s Th¢ clwity is grate￿1 to AshlyLs S¢h¢xil fiTrr the provisi￿ of its premis¢s f￿e of charge. TANGIBLL FIXED ASSETS ng leasehold Plant and rnachinery and f￿]ng$ Computer equipfflent cosr At l January 2024 Additions 22,215 112,419 7227 1,578 5,216 758 147.OTI 2J36 Ai 31 De¢emki' 2024 21215 112.419 8,805 S.974 149.413 DEPRECIATION At l January 2024 ChaTgE for year 14,043 2221 78,644 3J78 5,813 649 4.171 451 102,671 6.699 At31 December 2024 16264 82.022 6.462 4.622 1(19J70 NET BOOK VALUE At 31 Decetnber2024 5,951 30,397 L343 lJ52 40.043 At 31 De¢¢mber 2023 8,172 33,775 1,414 1,045 Pagc 8 conliiiued... )e BerlthaTE]Sted mnastics Club otes to tlie Finan¢ t tenients- c for the Ye rEllded31 D 24 STOCKS 31.12.24 31.1123 Sto¢k$ 5,045 1.666 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YKAR 31.12.24 31.1223 Trade d¢btors Prepayments and ae¢rued inconic 11.870 1.980 11,802 628 13,850 12,430 CASH AT BANK AND IN HAND 31.1224 T￿81 fi]nds 31.1223 Ti)tsl fijnds Cash in hand Bank iUTrent account Bank d¢p05it account 65 9,071 200.172 190.725 Total 209.308 198.568 io. CREDITORS.. AMOUNTS FALLtNG DUE wrrHIN ONE YEAR 31.1224 311223 Social seo]Thty and other tws Accruals and defe￿ed ￿e0[￿¢ 993 13.177 I,￿7 1.850 14.170 2317 ii. MOVEMENT IN FUNDS Nel njovcmeirt in fimds At 1.1.24 31.12.24 Unre5ti'i¢ted funds General fund 254,153 (77) 254.076 TOTAL FUNDS 254.153 (77) 254.076 Page 9 ¢onlittud... The Berkhamst¢d G mDastiC5 Club Notes tlie Finan tatenients foi. the Y¢ ed 31 De¢embtr2024 inued ii. MOVEMENf IN FbT4DS- eoAtiNued Net movement in funds, included in the above as follow& Incomin8 resour￿S Rewurce5 expended Movement in fu￿d$ Unrestricted funds Gencral fund 185,694 (185,771) (77) 185.694 {185,771) (77) Comp9r8tives for movement in lund5 N¢t nuw¢m￿t itt funiL At 31.12.23 Atl.111 ￿￿￿$tricted fun(Is General fimd 237359 16.794 254.153 T(YfAL FUNDS 237,359 16,794 254,153 Comparativ¢ netn]0veM￿t in fund& ijKluded in the atrf)ve are as follows.. Incoming rwurces Resources eX￿[￿led Movement in fullds Umrestricteil funds Genei?I fund 194,554 (177.760) 16.794 TOTAL VtN)s 194,554 (177,760) 16.794 A cuntnt year 12 months and prioryear 12 months ¢onJbined txksition ts as follows: Net movement in fiiNis At 31.1224 Ati.1.23 Unresti'i¢ted funds Ge*eral fund 237,359 6,717 254,076 TOTAL FUNDS 237J59 16,717 254.076 Pag¢ 10 corttinued... The Berki￿[￿St¢ tics Club t to the Fsn I Statements- conti foi. Ihe Ye r Endcd 31 De¢ember 2024 ued ii. MOVEMENT IN FUNDS- continued A cuYr¢iil year 12 montljs and prior y¢ar 12 months combined rt￿vement in fuEid5, induded in the above 8 as follows.. Incoming resouttes Resourc￿ M{wern￿l expended Unyestricted funds General fund 380,248 1363531) 16.717 T(yfAL FifNDS 380.248 {363.531) 16,717 12. RELATED PARTY DISCLOSURES ]RANSACTIONS WITH RELAIED PARTIES The Club employs many Co￿h¢S. Some ofihese coaches illc1￿ family members coDneLted with the Tnjstees and th¢y w¢r¢ paid salaries in the ye&r as follows.. Sally Clirispin daught¢r Eniily Chri5pin- £1,155 Julie Meehan- daugbter Christina Mee}￿- £10,823 Pa8e 11