Charlty reglstratSon nwnber 298421 C+)mpany rgl$tr4tlon numbgr 021765S3 IEngland and Wales) CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 IMII >DXMHMY8* A13 0410312025 COMPANIES HOUSE
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY LEGAL AND ADMINISTRATIVE INFORMATION Truste Mrs L Fairbrother MrsJEAIp MrHJ8esl IAr N Taylor Mr S Smalley Mr C Wrighl Councillor S J Nasterson Secretsry Mrs B Wrlght Charity numb•r 298421 Company numbor 02176553 Principal •ddrès$ Pool Road Aldeishol Hampshlre GU113SN R•gist•r•d office Pool Road Aldefshot Harnpshire GU113SN Independent •xamingr Neale 8utler Limiled 8a$sett Housa S Southwell Park Road Cambérfèy SuTrèy GU15 3PU
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY CONTENTS Pag? Trustees. report dépandent examinerfs ror¥)rt Statement tsffinanci* admties Balance sheet Statement of cash flows Notes lo lh& finan¢ral s18ternents 9-19
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORTI FOR THE YEAR ENDED 31 AUGUST 2024 The Tru$lees pregent thtrKarsnual P)rt and financial statements forthe year ended 31 Au9u$I 2024. The financi statements have been piepared in accordance wlth the accounthng polde5 8et Olrt in note 110 Ihe finandal s1atements and comply th the Companles Ad 2006 and 'ACntIng and Reporting by Charities-. Statgrnenl of Recomm8nded Prac11 appliGablg lo charibe5 preparin9 their aGcounts in a)Fdance wilh the Flnanryal Reporting Slartdard appliGAe in the UK 8nd Republic of Irelond IFRS 1021 (effèctive 1 January 20191" Oty?clfves and actlvlttO$ Obje¢lives ond aims The charitatile company's principal activity is that of woykdng gymnastic and aiher physical recreation in Ihe interests of the social wèlfe of youn9 peopje n RUshnoI the surr¢undirq area¥. St9nificant actSvilles The siqnificant activities ol the Club are coaclingb competilions artd training camps and Ihg provision of Playgym aCtlieS forthe sJnder5's. In addition. the Club supports other local speris and socol dubs by hirlng out ils facilitie5 an(J specialist e4uiprnent. Public benefit A key objective of fhe Club L% the development of actlvities for th• wewaro olthe community. An important part of thls Is Ihè very suecessful Playgym programme that eonlnuès t¢ attract arDurHI 70,000 under 5's pèr aNnum. This aCti{Y introduces young ¢hildiÈn to a healthy lifestyle, helps lo combo1 child obesity and is tsking place in a part of Ihe Borough of Rushrnoor. I1 is recognlsed as bÈing an area of sociJ deprivation. The Club COn'r$ ty Invést activities to benefjt Ihe l¢xal community and lo subsidise the Playgyrn programm&. Volunte•rs Th8 Management Commtheè and a pool ofvoluntaws nom)ally earry out SEveral activ¢ties rèlating lo tho support of gyrnnas1 progiammÈs, catering al fijnd raising and give approximatety hours of supp)rt to the Club. Volunteering has nol rewvered to pre cowd pandemic leve15, th we are WOTking on wlth Ihè objè¢livo of athiwing more local comrnuntty Involvernent. We thank all who conlribule lo the Club's ongoing success. The Oicie5 adopled in fUrther¥e ol thesa DLiects hav• not changed during ihe year. The Trttstees have paid dL¢e regard lo guldance issued by the Charity Commission in d8eKling what 8clithls the eharit8ble company should undartako. Strat•g1¢ report The description under the headings"Achievements and porformance" and'Financial reie, meet Iho company law qUIT8ffleTrts for the Trustees to pent a strategic POrl Aehiovern¢nls and por104cO Chan-lable aclivities At 31 August 2024 Ihe Club had around 550 re9iSt¢r¢d meTnbers. Thè Club campèts$ * ctsJnty. giOnal. national and intematitsnal lÈvèls and considerable success was 8thieved sn all eofflpetitions. This indudes Ihe pres105 Rushmoor Rose Bwl competidon. Runnlro now for 43 yeaTS this event is fecognised Britain's nurnber one intematlonsl 9yMnaSti ccffjpeulion attraeling teams from all 0¥8r Ih? wodd. 1nvestmenlperf0rma¢ The resullsforlhe year and the financialposib'on ofthe cornpany are as thown in Iheannexèdflnan¢ial statements. Th• value tsffunds ¢wied Icrfwaf¢ 0131 Augusi 2024 of £485,03312023- £488.9471 lakes accounlolllw Raserves Polity iUdIng ts repla¢emenl polry coveT¢ng existing gym equiprnerrt and olher assets.
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Intefnaland extern81 factors The Club has developèd a strong felali>nship wilh Rushmoor Borough Coun¢il, Brillsh Gymnastics and a good ngtsvork of users. This together with the commitrnenl of Ihe coaching staff has ensurèd thè Club continues lo achievg Ihe annual obAectNes set by the Management Cornmittee. Flnan¢lal review Pn"ncipal furtthng sources The principal fundlng sourc85 lor the Club wère generated from membership fees. Easter and Sumrner trakniThJ CarnP5 and hire of the gym. Rès&Th8spoliey In line wilh thaty Commission requirernents, the threclors rèeopnise Ihe need lo lo en8VTelhat the Camberley Gymnastics Club meels statuiory and contraclual obligations. Provigon is madeloen5ure sufficlent fvnds for the lollowing ¢onting¢ncles'. Staff redund8ncies - SKkness cover - Unlnsured losses {e.g. excesses on prolessional Indannity and employrnenl claims) The direclors aLso fecognlse the need for sufficient fund$ to replace exi5tin9 and invesl In new equlpmenl to ensure the contYe¢ opeialion and dèvek*pmèrnt ol gymnastic programmes. Taking account of these oblectlves. It Is the pollcy of the Cambedey Gyrnnaslics Club to work toward3 maintaining reseNes at a level equival&nt to four monlhs lorèeast nning costs. The direclors are satisffied Ihal the General Rese8 available at the ye8r-end OF £218,400 P023 £175.571 58tisfie5 the kéy elemènls of this poli¢y. A breakdown of reseNes are showTh in note 21 to Ihese accouDI8 and report clearty the DesignatÈd resÉwès Énd the remaining Genèral reserves. Risk Th¥ Iru8iee8 have a duty lo ¢dentify and review the risks lo which the charity is exposéd and to ensure appropriale controls are in place to provide r¢a$Dnable assurance against fraud and error. The management Commillee regulady Tewews risk managernent with input from the Oirectors of Coaching and Adminisliation. This process has been formalised with thè establishment of a Risk Register and an assoriated actlon plan includlng rasponsibilili¢s and timescales for wmpletlon. Pr¢gres$ against the actlon plan Is reviewed eath Febwary and reported to the Board of Directors. Future pl4n The Club will continue to develop the Rose Bowl competiti.on as a maiof opp¢Jrtunity for top inlemational teams to compete ln 8ritsin 4ong wfth arr8nglng and ho$lin9 other important nalr•n81 events. Durlng the year the Management Committee wll update Ihe Rushmoor Gymnastics Academy rolling 5 year plan. Thi$ wfjl indude perf¢)ance largels for coaches and gymnasts. Competition targets wli I b& set on a continuing increme11 basis and the Management Comrnittee w1 review progress at monthly meetings. RGA will ¢ontinUè to strengthen coaching resources lo extend training programme5 and olher iniliatives Ènd d8velop Ihe Ea$lBrand Burnmer train9 camps to attract tèarn$ frorn other counlriES and VK based GymnaEtic Clubs. In additn, RGAwill eontinue to grow and èxpand Playgyrn and community actimties foi tho beneffl of Rushmoor and Ihe Suffounding areas.
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED} FOR THE YEAR ENDED 31 AUGUST2024 Structure. governance and manogement Governing document Camberfèy Gymnaslcs Club is a Charity No. 298421 regstered wlh the Charity Commissioners and r¢giStered under Ihe CDmpalliesAct 2CQ6 as a compalw No. 2176553 limited by guarantee. Eath senior rn¢mber ha$ undertaken lo contribute an amounl not exceeding one pound in Ihe event of the company being inscfvent on bwnding up. The company Is managèd on bBhalf ofthe members by a board fjf di¢¢or$. The day to day adnIStratjn is uniler the control otthe SenKJr Direclcr of Traning. Carnbertey Gyrnnastics Clubtr*Jes under the narne of RUShor Gyrnnas1105Academy. The Trustees. who a olso the directors ler Ihe purpose of company law, and who seNed during Ihe year and up to Ihe datè of signature of the finanual statements r9.. Mrs L Falrbrother MrsJEAIp MrHJ8esl Mr N Taylor MT S Smalley Mr C Wrigbl Coun¢illor S J Masler3on Recrultsnent appolnlment of new trust•Ès The direct015 ofthe company under the tompany's Artldes are known as memb8is ol the Managemerl Commlttee. Underlhe qUirements oflhe M¢morandum 8ndArticles olAssociation the membefs olthe Managemènt CDmmillee are elected * the Annual Gpn9ral Meeling 88ch yeai to serve for a pèrlod of ona year urnlil the nextAnnual Gener Mètlng. The Management Commlitee seeks to ensure Ihat the Interests of the gymnasts and the developrnenl of the Club are app¥opriatety reflected through Ihe skills arHI dNers5ty olthe Iruslee body. Individuals who exhibit a close activ& Int•st In the daity running and ?¢liv4ties olthe Club, have approprfate sknlls and strong community links are inwted to ION the Management Cornrnlttee. The development ofthè Club wknin the eommunity is ¢1 par¥rnount importance, and a kÈy duty ofthe tnjstees. Organi$ational structum The CmPaNY employs a tearn ol coaching stAff, led by the Senior tlirectoi of Tralning. 117at port to Ihe Oirectors of Co3chM)g and Admini$lrntion. Bea&n Ihem, they arè rèsponsible for 011 op¢rntional matters. indurting Ihe finanung and Magernent orgymnas¢ aclNitie5. The Directors ol Coathing and Administratlgn are spongble to the Boavd of Olreclors. Indu¢tl¢>n and tralnlng of new trugteg$ Ne%Y appolntel trustÈès are famlliai wilh the operalionsof the Club. Additlonalty nÈw trustees are èncouraged to attend a 58rie8 of training sessions lo farnlliarSse Ihern with the charty and the strudure of Brili$h Gymnastics. These Sgssions are conducted by the Direcior of COh1ng and the Director of Adrninistration of the charity ¥nd cover Iht followng areas.. The obligaiions of Ihe Marogemenl Commiiiee mèmbèrs. The operational framework of the tharity. The resources and current financial posil#)n as set out in tho latest publi8h8d accounts. The future plans and obiÈctives. The Rushmoor GymnaslicsAcademy rèsponsibility within the Rushmoor community. The Charity Cornrnk4sKJn's guide 'Responsibli itie$ of Charity Trust8es' 1$ also issued to InJsteÈs on appoinlmeTht. Wider nthvoik The Club is affiliated lo 8rth.sh GymnB5tiCs IBG) and has been awaided the 8G Gym Mark and Seal ofApproval. AJI roxhing and compelrfions earried out by the Club are held under thè auspices of Ihe 8G.
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT ANO STRATEGIC REPORT) ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Related parttes No trustee or other person related to ihe chartty had any peT8onHI Interest in any contraGt ortransadion enlered by Ih? charity during the y¥ar. The Trn8lees' report. induding tho strateg report was approved by iha 808rd ofTnJste8s. rothpr Trusteè
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CAMBERLEY GYMNASTICS CLUB I report to the TFustee$ ¢n my exvmin81ion ol the finanrjal statements of CAMBERLEY GYMNASTICS CLU8 Ilhe charitsble comp8nyl for the year ended 31 Auous12024. Responslbllltles and basis of report As thè Trustees of the thaiitable company land its directots for the purposes of ccmpany lawl you are responsit4e lof the preparalion oftheffinaneial 51atemènts in aett$rdaneeth Ihe requirem•nis of the Compan$ A¢1 201A (the 2(6 Act). trlawng s8tisfied rysèlf that the financial slaternen15 of the charliable company we not rÈquireiJ to be audited nder Part 16 of the 2006Act and are eligible lor independent examirtath'on. I report in respect of my exarninalion of the chafitable company's finants stat¢rnents tsrftod out under s8e"on 145 01 the Chaiitt8s Acl 2011 (the 2011 Act). In earrying out my examination I have fgll¢)weil all thè Applieablt Directions yiven by the Charity Commissi¢)n under Stclion 145151{b) ol the 2011 Act. Independ•nt examlnerfs statement neé Ihe charilatyle companws gros$ income exceèded £250,[)0 your •Kamin¢f must b& a member of 8 boty listed in seclion 145 of the 2011 Act. I confirm that l am qualified to undertake the examinalson becau¥? l am a member ofACCA. b¥hich is one ol Ihe listed bLIi•s. I have completed my examinalion. I confirm Ih31 no matter5 have to my attention Sn connectiM Mth Ihg èxaminatlon givin9 me cauw lo believÉ Ihat in any rnalerial respect.. arxounling rec4xd$ wer8 Th)1 kept in respect of Ihe d)arttable company as required by secban 386 01 the 21KJ6 Acl.. or thè financial statements do not COrd wth those rd6. or the financial statemènts dts not cumply wllh the aeetsuniing r¢quirernent5 of section 396 of ihe 2006 A olh¢r than any rÈquiremenl that the accounts gNe a true and fair view which is ngt a maller eonsidÈred as part gf an independent exarninabon,. OT thè finan¢ial slalemen15 have not been wep¥rfd in accordane• with the m•lhtxls •nd princtples of the Stalernent of Recornrnended Practice for accounting and reporting by charitie5 applicable to charilies preparing their accounts In accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ir818nd IFRS 1QI. I hw¢ no concEinsandhavè eom8auo$$ no oiher mattèt8 In eeA)nètlitin with thtr examlnatlonto whlch attentton should bdTawTh inlhis teporlin ortsto enablea properunderslaNlÈng of ihe financialstalernenls to bè rèached. Mich8È1 eale Neal¥ Butkr Limited Bassett Houso 5 Southwell Park Road Camberlty SLwrey GU1S3PU Datèd.. .3.2<
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 iknre$trktetl Resth¢ted flmds funds 2024 2024 Total Uni•strlciod Restricted funds fund$ 2023 2023 Totsl 2024 2023 Notes Donations and legacies Charitable a¢t(vitie$ Other trading activities Inveslrnents 105 450.371 105 450.371 440,475 440,475 28.400 1,052 28.400 1.052 30.736 421 30,736 421 Total incom• 469,W27 469,927 481.633 481,633 Raising funds 5.555 8,180 8,180 Charitbbje 8cf>vrtie$ 488,285 488,285 423,266 423,266 Total *xp•ndlturè 473.840 473,840 431.44e 431,446 Nèt incomè for the yearl Netmovement In funds (3,973) 13,9131 50.187 50.187 Fund balances at 1 September 2023 445.989 42,957 395.803 42.957 438,760 Fund balances at 31 August 2024 442.076 42,957 485.033 44S,990 42.957 488,947 The 8tstÈment of fw))ndal &tNibes Nicludes an galns and108ses recogni in Ihè yèar. All in¢om• and expenditurè darive Ifom continuing act1185. The statement offinanciaj ac111S also complies with the lleMentS loran incorne and expenditure account under the CompaniesA¢t 2006.
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY BALANCE SHEET AS Af31 AUGUST 2024 2024 2023 IIDt•& Flxèd a8s•ts Tangil)le as5916 13 136,994 114,729 CuTr•ntasi•t• Stocks Ca$h al bank and ui hand 14 300 535,581 300 518.742 535,861 519.042 Cv•ditors: amounts klling due wlthln one year lj (187,8221 1144,8241 Nel cuffent assets 348,039 374.218 Tot1 ass•ts les ¢¥ent M4billtla8 485,033 49B,947 In¢orne funds Reslricled fijnds Unrestricted funds 42.957 442.076 42,957 44S.990 486,033 488.947 T1 CrpanY Is 8ntiled to the gxempllon frorn Ihe audit rpwitamenl contsirpd In 477 of the Compani¢sA 2C(J6, for the yearended 31 Au$l2024. The dir8etors acknow18dge their r•SnsItI1rtlQS forgjmplying with the requlramgnts of thè CornpansACt2fyJe ¥wih respect to accounling records and tho prepafalion ol finanoal ststèrnents. The m¢mbets have Trot reqUId the companyto obta5n an audR of Ils Ilnancial statements for the year in quesuon Jnlanc& with 5ectlon 476. Thesè finan1 Statements hm been Prepared In accordancewlth Ihe prowl8lons aF1¢able lo comp8ni85 subj•GIto th? small companles re9ime. Thè finandal statemènls wers approved by Ihe Trustee¥ on....... .... rolher Te Compny re9i$trallDh number02176553
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes Cash flows from operatlng acllvlll Cash genèrated frorn operalions 19 70,216 127,849 Inve¥ting aetlv5tl•s Purchase of tangiNe fixe(l assets Investrnenl ineA)m• receNed {54,4481 1.051 (22.7901 421 Net usèd in Invt$tin9 activitres 153.3971 122,3691 Not cash used In financlng act5vltles Net inerea8• In cash #nd c#8h oqulyalents 16.819 105.480 Cash and cè8h equNalents al beginning ol year 518,742 413.262 Cash and cash eqUNaknts at end oly•ar 535.561 518,742
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2024 A¢countlng polkies Charity Informatlon CAMBERLEY GYMNASTICS CLUB is a priv¥l? company lirniieil by guarantge Incorporated in England and Wales. The l$l¢red olfice is Pool Road. Aldershot, Hampshire. GU113SN. 1.1 Aecountln9 comiention The financial staternenls have been pr8pared in accordar¢e with the ¢haThtable companys Igovèming d(Kumenll, Ihe CompanTras Act 2006. FRS 102 'The Financial Reporting Standaid applicable in the UK and Republlc of Ireland C'FRS 102") and the Charilieg SORP"Awounting and Reporting by Charities.. Stslfrmonl ol Recommended Praclieg app1Scat to eharities preparing their aecounts in accordancè with the Financial Rèportin9 Slaftdsrd applic3bJe in the UK and Rèpublic of lieland IFRS 102}" lèffeeliv8 1 January 20191. The charitsble company is a Public Benefil Entity ¥$ defined by FRS Iwd. The financial stslemenls are Prepa in steiknng, whi¢h 1$ the luncllonal eurrency of Ihe charilable company. Moneiary amount$ in Ihese finan¢ial st¥t¢meN$ 8re rounded to th& n&aresl £. The financial statements have been prepared under the hislorical cost cOnvenn, Imodified to irKlude the ievaluation of fieehold properties and to Indude invesbngnl propertles and cerlain financlal Instruments at Igir valuel. The wincipal atctsunting poIic4e3 adopted arè sel out btlow. 1.2 Golng eon¢•rN Atthe limeof approving the financial stalamènls. Ihe Trustets have a reaGonable expeclation thal Ihe chafitabfe company has adequate rè50urcès kn Continue in operational existenee for foreseeable lulure. Thus tho TrustÈè5 ¢Onlin to adopt IhÈ goin9 concem basis of acci)unlin9 in preparing thè finanrial slal•m8nts. 1.3 Charitsbl? funds Unrestricted fvnd6 are available for us& at tho dlscrolion of the Tn*¢ees In furth8rancg of their charttablo obiethes. Reslrlcled fund5 are subieet to 5pecifi¢ ¢on(fits"ons by donors as to how they may be used. The purposes and uses ol Ihe r•strlcted funds OVO 5gt out in the not85 to the finanrAal slalements. Oesignated fvndg are eamiathed by th• TNstees for 5pecilk pendlLEr8 that is required by the charltab company. 1.4 Income Inccffie is recogni8ed when the charitablE company is legally ented to itafterany performancecondilions have been met, the amounts can be measured reliably, and it Is probable that 5neome will be received. Cash donatlons are recognised on r8e8ipt. Oiher donali¢)n$ are recognlset1 once ihe charitable company ha$ been notiffièd of thè donation, unle55 perfomianel conditions requwe deleiral of thè amount. In¢om• tsx rocoveTable In relathon lo donaliofis received undèr Gift Aid ¢K ¢Jeed¥ of covenant is fe¢ognlsed at the ty'me ol Iho ¢Jonalion. Legaeies are ièeagnised on ie¢eipt or olheN¥isè if the charitable company has notifièd ol an impendin9 distribubon, the amount is known, and receipt is expected. If the amount is not known. the legacy is IrÈaled as a ¢onlingent assel.
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollcl•s Icontlnuedl 1.5 Expenditure ExpÈndTrture is tewgnisEd 08 there 15 a legal orconslrvctive obligation to transler economic benefit to a thwd pa, il is probable Ihal a transfer ol eronornic benefi18 wil be rèquired in settlnI. and amount tsf the oblE9atlon can be measured reliably. Expenrfilure 1$ C151ed by actiwty. The cosfs of each activity are made up of Ihe lo181 of direGt costs and shared costs. including suppori cosls involved in undertaklng each acllvlty. 01cl $ts attribLrtable lo a single aclivity are all¢xated directly to that activity. Shar8d Costs which conlribuie to more Ihan on8 activily and support costs which are not attrfbulable to 8 single actNity are apportioned beten those aBtNities on a besis conslstènt with Ihe use of fesources. Central staff costs are allocated on the basis of lime spent. and depreciation charges are allocated orb the pothon of the a¥sefs use. I costs are allocated betsve$n expenditurè eatÈgofwas of Ihe SOFA on a baS deslgrwd to r6fi8Ct the us8 of the iesource. Costs reloting lo a pwticular activity are allocaled directly. Lrdbimles are recogrnsed as *xpdItyre as soon as there is a legal or constructive (knligation committsng the charity to that expenditure, It is probable that a transfèr of economic benefrt5 wll be required in settlomenl and thg amount of the obllgalion ¢an be measured reliably. Ey4)endituie 15 Urtted for on èn a¢crual8 basi$ and has been dasshfied under headings that aggrÈgaie all cost r81ated to the eateoory. Where wsts nn0t be direclly attributed lo particular headlngs, Ihey hav? been allocated to adItIeS on ba$is consistent wrth the use of msour¢e 1.6 Tanglble fixed a8s•ts Tangible fixed assets are initially measured at cost and Subsequent me88ured at cost ¢Y valu8lion. net ol deprecialon and any impaim)ent losses. Depreciation 1$ recognised so as to write off the cost or valuatlon of assets less their resVal values Over their usoful h'v&s on Ihe fcllowing basgs.. Leasehdd improvements Plant and equipment Computers Motor vehidos 10% on reducing balance 25% on re(lucing balan 25°A on reducing balanr 25% on r¢du¢ing balan The gain or ioss aftsing on ihe dispo of an as3el is determined as dNfetÉnee tseeen Ihe sale proceed8 and the carTrin9 value ol Ihe asse( and v& recognised In Ihe stalerneTht of financial activities. 1.7 Impalmient of fixed assets At each PortIng end dale, Ihe charltable company fewiews the ¢#rrying amounts ol ils l&ngiblÉ assets lo determinè whether there is any inthcallon ihat those as$el$ have suffwed an Impalfftent loss. 11 any suth indication exisls. Ihe reeoveiable amount of Ihe asset is estimated in ord¢r lo dt1effjne the extent of tho impairment loss artyl. 1A Stocks Stocks are stated atthe lowerof cost and estimated selling price lass costs to complete and sell. Cost comprises difect materials and, where applirable, dire¢1 labpur Costs and those overheads that havo bean inouired in bringing the slo¢k$ to their present locabon and condition. Ilems held for distribution ot no OT nornin$l consider3tton are meas¢Jred the towÉf of replacement cost and c05t. Nel reafisable value isthe èstimAtÈd sellng piicè jèss all Èstim#tÈd costs ol ts)mplelion 8nd costs lo be ineufféd in markèlino, Selling and dislribution. io-
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDJ FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollelès (Continuedl 1.9 $h and cash e4[vIlÉnts Cash aNI cash equival•nts irclude cash in hand, deposlts held * rall with bat)ks, other short-teim liquid Investm•nts with lginal matuiiti•s of three months or le59, and bank overdralts. 88nk ov8rdrafts are shown hthin borrowlngs In turn{ liabililles. 8ask flnan¢ial 8ss•ts Basic financial assets. which include deblors and rA5h and bank b31an¢e5. are Initially rnEasLtred at tran5adion pri¢e including transaclion co$is and are subseqL¢ently canied al #mortised ¢Ds1 u5in9 Ihe effèclive inleresl rnelhod unless the arraTrJement n$tilUts a finandng transaction. where th¢ transaction Is measured at the wesent valu8 ol the future receipls discounted at a market rale of Inte$1. Financial assels classrfled as receNabh withln one year ar• not amortk8¢d. 8g¥lc ffnancialliabllllles Basie financia liabilities. including erediloTB and bank loans arè lThtially rectsgnised al tffjns¥ctlon price unless thè aangement conslituies a financing transaction. where Ihe deb¢ instrument 1$ m&ssured atthe present vJuè ol Ihe lulure payrnents dlscounted al a rnarket rale ol int•re$L FanCIal liabililies dassifd as payable within one year ar• not amortrsed. Tradè creditors ar? oblvJations tts pay for goods or services Ih8t have been aequired in the ordinary course of operations Irom suppliers. Amounts payabl• are classified as currenl abIlItieS if payment is duewilhin one year or less. If not, they are presented as non-cuTnt liabilities. Trade cTedilor5 are reco9nised Inliially at transacuon price and subsequently MèasUd at amDrtiS8d eosl usw th• effeth"¥• int¢ie$t methc. D•rneogni¢ion olfinanclal liabilil•e$ Flnancial liabiliiies are derecognised vthen the charllabJ company's conlTaGtual obligations expire or are dischatg8d or cancellEd. 1.10 Employeo benefits The cost ol any unused holiday entthrnent is recognisèd tii Ihè peiiod which the employee's services are received. Twmination benefits are reco9n15ed irnmediately as an expense when the ¢hatitable company is dèmonstrably ¢omrnitted to leIDate Ihe p10Yrnent of an ernployee or to p¥ovide termination benefits. Crltlcal aeetsunllny •$timates and ludyem•nts In the application ol the dlarilable Company's arthunting pokntjès. thè Tfustees are required lo make judgemeThis. eslirne5 and assumptior about Ihe rArying amount ttf #$sÈts and Wiablilles that are rol fèaéity pparenl frorn Other source5. The estimates and associated assumptions are based on historical experienr and other factors that are consideied lo be relevant. Actual r¢sults may differ frorn thesa ostimates. Th estimale5 and underfying aSsumpOn6 are reviewed on ongoirkg basis. Revisions io accoun19 eslirnales are rèeognised in the pefiod in which the estimats Ès revised where thè rèvision affècts only Ihat peiiod. or in the period ol the revision and fulure period5 where the revision affec45 both ajrrenl futurtr periods. 11
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 AUGUST 2024 Don•tion$ and logaci lknr•striel•d Unr•¥stricteil luttd$ funds 2024 2023 Donations and gift5 10S 105 12-
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAREIIDED 31 AUGUST2034 To1 1fi4urnnr• ?S3.985 2.791 55.711 15,675 99.026 44Q75 JJ,371 Forthr•dd JI AuHu•t2023 276,551 5,$93 41.5BS 17.943 94.392 450.371
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Other trading actfvltl¢$ Unrestrlctsd Unrestrlctad funds fvnds 2024 2023 FuThlralslng Clothing sales 24.361 4.039 22,106 8.630 Other trading activities 28.400 30,736 Inv•stm•nts Unr•stri¢td UnT¢Btricled lunds fund$ 2024 2023 Intere81 r¢¢elvabf& 1.052 421 Raislnq funds Unrestricted Unrestrictèd funds fund 2024 2023 Fu enses RDS?bowl 5,428 127 5.932 Fundfai8ing 5,55S 8.J80 -14-
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charitabb o¢livit••g Tradlng act5vlties 2024 Trading a¢trvitig$ 2023 Staff wsts Purchases Camp Èxpenses Competition fees and expenses Support to$ts 272.870 4.Q91 221 e.801 184.3 255.874 7.264 3.840 7,824 148,454 468.285 423.256 468,285 423,256 Support ¢0gts Premlse$ Govomanc• osts ost 2024 Premises Govemanr costs sls 2023 DeprÈrAab'on Insurance Ublities Rènt Minibus runnlng expensès Running o19yrn Bank char$ Property repai Profes*onal fees 32.181 14,867 28,29S 44.480 32,181 14.867 2e.296 44.480 23.261 22,260 30.822 1.480 23.261 22.2eo 30,822 1.480 2,871 26,630 427 31,191 2.87) 28.630 427 31.191 5.359 2.14S 29,362 451 29,894 2,145 29,3e2 451 29.894 5.359 8.779 178.943 5.359 184.302 139.67S 8.77 148.454 An¥ty$ed betrpn Provisiorn of gymnasfrc fauIilie8 178,943 5,359 184.302 139.675 8.779 148.454 10 Tyustees None of the Trustees received any remuneration or benelts from the charitabje wmpany thring year. 15-
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDEO 31 AUGUST 2024 11 Empl¢ryoo¥ The average monthly nurnber of employees during th* ye?Iw8s.' 2024 Numb•r 2023 Number Coxhing Employrnent costs 2024 2023 Wages and salarfes 272.870 255.874 The were no ernployges whose annual remuneration wo$ £60,000 or mor¢. 12 Taxation The chaTrty is èxempt from tax on incorne and gains falling Within section 505 of the Taxès Act 1988 or SlI0n 252 of the Taxation of Chatgèablè GainsAct 1992 to the extent that these are applled to ils charitable objects. 13 Tanglbk fix•d #s$¢ts LeL8ehold Improvemeni8 Plarrt and equiphtrnt CompuhvsMotorhICl0# Toial Cost Al 1 September 2023 Additlon$ 369.692 422,042 54.448 49.464 24,819 866,017 54.448 Al 31 August 2024 359.692 476,490 49,464 24,819 920,465 Depreciation and imp•irn?ent Al I September 2023 Depreciation ch8r9ed irt th¢ year 302.273 8,742 378,028 24,616 46,358 776 24.632 47 751.288 32.181 At 31 Au9iESt 2024 309,015 402.642 47.134 24,679 783.469 Carrying amount At 31 Augu512024 60.877 n.848 2,329 140 136,994 Al 31 August 2023 67,419 44,017 3,105 187 114.729 14 Stock8 2024 2023 stks 300
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 15 Creditors: amounts falllng wlthln one y*ar 2024 2023 Other creditors Accru& and deferred Income 82.832 104.990 82.832 81,992 187,822 144,824 16 R•tlrement b?n•fit $cheme5 The charitable company 4)eralès A defined contributltsrn pension sthemè for all qualfying amployees. The assets ol the schemo are hej 5èp8rotety froffl Ihose ol the charitsble company in an Independenuy adrninister¢d fund. 17 Anoty$i$ of net #s¥ets bebveen fvndo Unrgstrictsd Rostricted funds fund8 2024 2024 Total U1}TtrICt$ Restrirted funds funds 2023 2023 Tolal 2024 2023 Fund balaneès at 31 A¥9USt 2023 aro represented by-. Tangible a6sets culnI asseisllliablitiesl 94,037 348,039 42.957 136,994 348.039 71.772 374.218 42.957 114.729 374,218 442,078 42.957 485,033 445.990 42.957 488,947 18 R•lated party tran$a¢tlons There weie no dlsdosabl¢ relalÈd party tran$adions during ye#T12023- nDrt&). 19 Cash gènerat Irom op•patlons 2024 2023 Surpluslld8friV for the year 13,9131 50,187 Adiustmènts for." Investmenl income recognised in statem8nt of finandèl advhlas Depratyali¢n arKI impairment of tangible fwed assets 11,05211 32,181 14211 23,281 Movèments in WOTkhng cawlal.. Increa59 in credrtotS 43.000 $4,822 Cash generatsd from otatI•M$ 70.216 127,849 20 Analysls of chang9¥ In net funds The charilable company had no debt during thè year. 17
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUEQI FOR THE YEAR ENDED 31 AUGUST 2024 21 Dg¥ignatsd resolve? GeTheTal ReseNes are hekl to eoverthe posslblllly of luture funding shortfalls. At 31 Augusl 2024 they stood at É218,400 (2023 £175,571) aG¢ount lo approximately 4 rnonths total ekpenditure to ensur& the sustainability of 4mIleS for our members. 1 Sèpt hryovement In Fund5 31 Au9USt 2023 Incom• Spend 2024 Restrfcted R•sorv&s Building Extension 42.SS7 42.967 Totsl Restricted Rr¥ 42,9S7 419S7 Unrnstricted ResèN•s Dv4ignated R•sèrv•s Employment conlingortcy 58,000 67,419 40.OOD 58.000 Leasehtsld Improvements 6.742 80.677 New FloorArea 40,000 Gym replacEment equlprnent 20,000 Rool repalr projec4 30.000 inibus Repla¢ement 20.000 30,000 5S.000 55.000 Total 0951gnated RKerves 270.419 Ggneral Reserve$ 46.742 223,677 175,5r1 42,828 218.399 Total Unyestrlctèd Reserv•$ 445,990 42.828 46.742 442.076 TOTAL FUNDS 488,947 42.828 6.742 485,033 18-
CAMBERLEY GYMNASTICS CLUB TRADING AS RUSHMOOR GYMNASTICS ACADEMY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 22 Income Share Rent Adjustment In 4¢¢ordance wllh the tems of the RGA'$ Lease of 115 premlses from RushmooT Borough Councll the Income Share cakulatn for the A¢¢ounting Pefiod to the 3111 August 2024 15 aB fullows: Tumover £469.927 Le.. DonaiionslGifts £NIL Grants £NIL Fundralslng Ivoluntary activities ntst merehandisingl £24,361 Spon8or8hip £. NIL 1£24.3611 Less.. Sufplus income Threshold using Bank ot England basè rate 1£518.6101 SURPLUS INCOME: 1£73,0441 Addillonal rent paYae {10% of Surp$1.. £ NIL 19-