Charity number: 800253 RICHMOND GYMNASTICS ASSOCIATION TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
RICHMOND GYMNASTICS ASSOCIATION CONTENTS Reference and admlnistr4tfve d•talls of the Charity. ils Trustees and advtsers Trustses. fvport Independentaudltots. rnport on the financial statsments 8.11 Stslemenl of financial aetlvltses 12 Balanee $he•t 13 Stat8ment of ¢ash flows 14 Notes 1¢ the financtal statements 15-30
RICHMOND GYMNASTICS ASSOCIATION REFERENCE AND ADMINISTRAnvE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR TrIE YEAR ENDED 31 AUGUST 2025 Tr$ N S G Long. Chairpetson Mr D Alllngh8m. Treasu Mrs C Brookbank Dr H Gilbert Ms V Green Ms H Assem Ms M Gilbert DrJVos Ms K Woclliscroft Mrs C A 88iley IresvJned 18 Septentsr 20241 Ms c wel (resigned 23 Odober 2024 Mrs S Campbell {resigned 5 July25) Charity tsglstered numb 8002S3 Principal offi¢• Kew Surrey TW9 4EL Independent audltors Fettons 1 The Green Ricthond Surrey TW9 1PL Banke Hande]sbanken 31 The Green Rtchmnd Surr¢y TW9 1LX
RICHMOND GYMNASTICS ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present thetr annual report logetherwilh the authted financial statements of the Charityfor the year ended 31 August 2025. Thè Truste¢5 confim th the Annual report and financial staiements of the charity compty with the ¢urrent statutory requirements. the requlrements of the ¢h8rity's 9ovemtng document and the prOvk%n¥ oflhe Statement of Recommènded Pradice (SORPI. Objertiyes and activities a. Policies and objectlv8S Gw)eral Polices The policies crf the Trustees are ensure that the Trust operate5 in arLordance wfth the rul85 lahd down in fts constitution an¢J to continue WI the provision of gnnl¢S faciffts for the benefit of young people in ts constituent arEa. N8rrive Informati¢)n Thè law requi5 all charitw to demonstntè that their ¢haritable purposes or #ims are forthe pubbc benefit. The foltowng Public Benefil Statement has been written 9uidelines sssued by The Chaiity Commission fer EngLgnd Wales. Charitable Purpwe The charit8blè pwpose of chMond GnnastIc$ Assou8tion is to prowde the advancemenl of physi¢al educat. training an(t development d children and young pec4)le by providing and organising premises. equipment coaching to enable them to undertake and participate in gymnaslic5 and other fofms ol physIr1 education. PU7¢ Benefft . Prtimgon of gymnastt¢s tsalittes forthe benefit of children and young people in the local community. . Proviston of coulses. lectures, demOnstrat)nS. displa co8chirrfJ for young peopte in the kjeal comrwnty and for coaches who organise or supeThqse the le8ching and coaching of gymnastics. . Prcffiotion and pro¥ssÉtin of the lr3iniThg of coache$ for the purptrse of training gyinnasts. . To equip and maintain gymnasti¢s faalkies for the tèaching #nd irainin9 of gnasts. - To employcoaches and other staff to furtherthe objective5 OLrttined aL¥)ve.
RICHMOND GYMNASTICS ASSOCIATION TRUSTEES. REPORT ICONTINUED) FOR THE YÉAR ENDED 31 AUGUST 2025 ObJedives and a¢tsvities l¢ontinuedl b. Strategl¢s tor achieving objectives Richmond Gyrnnasties AssttBtton Tuns gyTnnastirs d3sses al its purpose-built centre ai Townrne8d Rc)ad in K, Grena Rosd, S7wn S1 at three sellrf(e cenlres in primary %ho¢ls and hall$ ¢¢ross the London Bo>rough of RhM0nd upon Thames. It works in partnetship wilh RiChmOr Coun¢s1 to prode ¢ommunrty gyrmasiies and has affifiations to British Gnn8$c$ and London Gymnastics. All gwnnasts are members of the A$Sc10n which is primarily firh8fteed from membership fees. but also )alions and sp)nsorship. Reduced rates are offered to parents in rep1 of income support or on low income. All gymn8Sts anil c¢arJ)es are members of. and sred by, British Gymrrasttcs. Coaches are also Briiish Gymnastics trained and quajthed. and the Ass¢xiation Supports eoa¢hes 1¢ qualtfy and upgrade Iheir qualificalions. On behalf of London GyTrnasli¢s, the AssociatTon hosts coaching courses and judging Urse$ for general gymna$tr5. prxh¢ol. a¢robatiC gyTf(nastics and tumblin9, also mentoring club management and tirnè to listen courses. Policies are in pfa¢e for Child Piotec. Equal Opportunities and Heatth and Safety. and thè is 8 procedu for complaints. A¢tlvitFtts undertaken to achieve objectives The Associw provides pre-schwl gnaSticS for children ed Irom 12 months to S years and general gymnastics for children aged from 5 upward5. It also T5 nastIc5 camps at its Centre in the Easter and Summer boraYs. and supemsed parties for chil¢Jren al weekends. A]1 gerra1 gyTrnasis are encouraged to achieve British Gymnastics and Richmond Award Scheme badges and have the opportunity to lake part in Competitions organised by Richmond GyTnnastics As%)ck3tion and other LondL)n Gyrnnaslics dubs. Gymnasts who demonslrate natur81 abtlty and basic skills are invited b t&st for one of the A55cc&%lion's cryitive squads acrobatic gymnasti¢s. lumbling and Iloor and vault- compelirtg at all I1$ indudin9 club. regional. national and intemational. Thè Assoctalion offers gymnasti¢s foryoung people with disablie$. tsffering intsyration into mainstream Classes witti one to one coa¢hing where appropriate as wetl as separate dasses, a ¢ompetitsve squad. and PTogrammes to meet the needs of schools. Senior coaches whts work with di$8bled gwnnasts are British Gymn#sty¢s Disat)Élty Gymnastics quaIle. The facilities provided by the Association at ts Townmead RO Centre are ottstanding and include tsvo full-sffe performance floors. The Centre is used seven days a week and ts uinly dosed for one week a year. Achievements and perfomHnce a. Revlew of activitles The iesults for the year are s out Ir* pages 13 to 31. The Associthn continued to prwje Gourses, dtsplays and coaching for young p¢ople in its con$tituÈnt's area and to prowde or assist in the training of tèa¢hers and c4xhes tor gymnasttcs purposes. Addits"onal coa¢hing ¢apat?ty has helped Inembers lo &hVe thelr goals of enhanced rf0M1?nCe.
RICHMOND GYMNASThCS ASSOCIATION TRUSTEES. REPORT (coKnNUED) FOR THE YEAR ENDED 31 AUGUST 2025 Achrgvements and perfornianeè {¢ontinuedl b. Fa¢ttirs relevant to achieve ¢tbjectives As of August 2025. thÈ membership reached nearty 1,300 rnembe. wilh over 1,¢J)O gymnasts participating in our recreabonal cfasses ihroughtyjt the Borough. RGA'S bng tem development pLan pr)rilises opportunities al all age 9roups levels and longew in the spor( focusing on girls in swt. Thore is a clear parhway for a abilthes and a post- traiftmig paihway into ¢OaChw, volunleenng or judging for those that chthJ to. Classes remain popular and we remain an important part of Dur local ¢ommunity for all levels and age groups. spannin9 the fvll Jenglh ol Rtchmtsnd Borough with our satellite centre5. Our discovery and coa¢h4ed inclusiDn groups Temain popular, a1 gymnasfs stay wlhin the programme for many years. are also gT¥en the opportunity to coach when IW are of age. FollowiTU on frcffl supporting new judge5 last year, RGA supported e$tIng judges to pass their Nation81 level qualification. We TJLW have the most Naliona] and Inlemational judge5 in acrobati¢ gymnstLs in London. TW judge$ reguladyjudge al Regional. National and even Int8malional events. One of our International judges wa$ inwted to judge at the World Games in China in AugLtst 2025. This was a massive personal achievement, but also a great honour for the elub. RGA eonfinues lo be successfvl ¢ompetitNely in both 8¢robatic gymnasli¢s and Floor & Vault categories. RGA won a silver and a bronze at Ihe European ChampiDnshikY6, followed by a silver medal and 2 9d medals an¢ Brili5h tiues at the British Flnals. RGA'S senr men's group aL80 then look a bronze medal at the World Games in Chengdu. China. 8 massive achievement for the club. The Floor & Vault squad eoniinued their dominance in ihe London Re9ion. winnlng in every eatsgory entered at the London Regional ChampK)nships. The Display group has also nearty doubled in size. in an inwtationl group that is vèry popular with member& Ttw nSiStenI1Y deliverfanlastic perfomances of a very high standard both Regh)Trally and NatIonty. Flnancial review a. Golng con¢em Aft8r making appropriale enquirfes, the Trustees Ptave a reasonthle expectation that the eharty has adequatè resourrEs to continue in operional existencè lor the foreseble fubjre. For Ihis reason they ¢ontinue io adopt the gIng concem trsis in preparing the finanty81 statements. Further details Fegarding the adoption of the goirg torM basis can be founc¢ in the Aecountmg Poltcw. b. Re50Nes policy Apart from the restricteil Townme8d Project fvnd and the Jack Petchey Foundation lufid and other restricted d$ and the assels purchased by those funds. the Ass¢ck¢on and Run's assets a available for its 0119oing ¢haritsble objects as set cut in its con5titutton. The ¢urrent knl ol rese¢ves is C4YJsidered adequate for the Asx¢i#tion$' immediate wuirements and fijture plans.
RICHMOND GYMNASTICS AsslATIoN TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 c. Financial Tisk managemenl objecttve5 and poll¢les The Trusiees remain mindful of the ongoing financial pressures faung indiwduals and organis*ion$ alike. During the year. the charity experienced signifi¢ant tncrease5 tn its operating ¢¢sts. driven by the wtder cost of living crisls. inflationary pressures, and increases in employmenl-relaled costs. Inchjdlr changes to Nalionol Insuran¢e ¢ontrbulions. In Tesp¢)nse to these rising costs. the Trustees undertook a Careful rewew of the chaiit¢s fjnancial posstion and long-temi sust8inability. After considerable delÈberation, a decisicn vrds maje to increase fees. Thts decisic W2s nol tsken lightly and refjeeted thè Trustees. commitment to b8kncing affordabilty wth the need to maintsin fhe thartys financial resiliencè. Charges have been set at the lowest levèl Ctsnsidered necessary to help offset Ine¥s1n9 rosts while ensuring that the charity can conlijweio delNer its seNices èffeettvety 2nd mainlaÉn an appropriate level of rash reserves. The Trustees remain coryunilted to keepg fees under regular reww and to minimising any finanual barriers to a$519 the charivs support wherever F<)ssible. Tot81 Income for the period was r1,254.863 (2024 - £1,253.4021. Thls indudes doTralions of £98,n6 1202 £58.9531 the increase driven by dorotion5 for Ihe new Healing Plant. Iwth one large donation making up a large prop)rtion of this). Total exnditUrÈ over thè period was £1.251.13212024 - £1,256,093. As mentnned. we are seeing IrreasIng costs acr055 the business. however savirrfJs of £14.434 fr¢)m having repPaced the system offset these. Opèrating Costs a remewed regularty and there is ¢onlinued E¢us on reducing the cosi base. rotsl Funds for the year wa5 a small surplus ¢f £3.731 {2024- deficit of £2.691). Lwking ahead, an ie0$e in fees and numbers of participants is forewt lo bring the Assoctalion further into profft. Net Curfent Assets a in defteJt of £21,95012024- deffcit of £23.214). HL>wever this includes £214k of deferred inctsme so the Association has M concems over ¢a$hflows. Forecasts txrt to August W27 have been produced and show the Asscciation to contin¥Je to Temain a 90in9 concern t)ver this pefiod howèver WOTkin9 C¥ital mains a nCeM and will be monitored cbsdy. Cash balance at August 2025 was £216k12024-£296kl. The Truslees would like to say a big thank you to OLK members for contribulion and understsnding Ihrough this perKJd. A number of members made additional contrfoution throughoLrt Ihe year io help support the Assoc(ation with the new Healir£ Ptanl costs. Structure, governance and management a. Constitutlon The Tntstwas ineorporatéd on 12 November 1992 as an unincorpofated association under the rame"Richmond Gymnastics Association". tt is govemed by its constilutton. which was adopted by its membets * Ihe geneBI meeling held at that date. Thè affairs of the AsSttOtn mana9ement of its funds are vested IA rts management committee.
RICHMOND GYMNASTtCS ASSOCIATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Structure. governance and management (continued) b. Methods of appointment or elertlon of Trustees Thè 3oard gf Trustees consists of three elerted officers. namely the Chair, chaw aTtd TreaSUr, together th up to ten m&Jnbers èle¢ted by the Annual General Meeting and up to four members who nwy be cooptsd onlo the committee by a mejority vote of the committee members present and votiTrJ at the meetr.ng at which sucb eow¢plions are ¢onstdere¢. At the Annual General Meeting. one elected and Iwo elecled mefrtbers shall retire from offi¢e. but shall be eltgitle for revelection at the same Amual General mting. The RhM0nd Gymn8stiCsAsstatIOn Board is as folbw&' Nichdas Long - Chatman Dan Allingham- Treasurer Chris Bf¢ckbank Helen Gilbert- Health & Welfare Officer Jenny Watknns (Vosl- Safety Officer Harriet Assem Kate WooliscToft Maya Gilbert Vicky Greèn That is 9 trustees. D8nidle Amistrong {SecretarYI- Cwpted PO¢[• adopt8d fot th* Sndu¢tlon and tralnlng of Trustses New Truslees #re made aware of their respcmsibllltles as Trustees and encouraged to undertake su¢h personal trainir4J for their dulte$ as they consider neeessary. A knowledge of 9yTnnastics is dèsiBble. d. Risk management The Trustees assessed the m8ior risks tct which the charity is exposed. in parbcular, Iht)se ielaled to the operations #nd finances ol Ihe charity, and are satisfied that systems and procedvres are in pla¢e to mitTrg4te ¢)ur exposure to the major risks. The Trustees have thntified and activety reviewed the maior riskstg which Ihe ctArity is exposed. as fokn: . Physical injury to staff or rnEmbers in the perfolmar oftheir Adiwties. b. M8ior costs of rènewing and maintaining the Association's premises. . Lv5s of use of the Association's prnIseS due lo fire or other risks and the Consequtial fiar11 105 ¥ri5ing therefrom. In each case. appropriate steps have been taken ID mitl9aie Ihese risks. Plans for futur• periods Work on lh& new heatiThJ system was compkted in the new year ano is now in opeRtion. There are no bJrth8r plans for any lapJe •ital expend((u(e projects wrlhout addli ional fundraising. The Tru51ees have undertakèn cashflow f0caStIng to enswe RGA remains a going concem. The main priorty is lo keep the clLtt on a fimi financial footing.
RICHMOND GYMNASTICS ASSOCIATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Statement of Tnthes. responsibilities The Trustees aE reSPDnsible for preyaring the Trusteès. report and thè financtyl stments in aeeordanee th aFPlble Jaw and United Kingdom Aecounting Stsndwds {UnFied ngd Gen8rally Ac¢epted AcGoLmting Practice). law 8pplic4ble to ¢haTities In England & Wajes requrfes the Tnjstees to prepare financial statements for each finar.cial whrGh gNe a true and fair view of the slate of ¥ffairs of the ChaTty and of its Thicoming resources and appltcation ot resources, includirg ts Fncome and expen¢frture. for that period. In preparir#J these ffinancial Stateffnts. the Tnjslees are required to.. select suitable accounbng Jyoli¢ies and then apply them consistent cbseNethe methods and PrinpIeS of the CFtarities SORP IFRS 1021" make judgments and accounting estimates that are reasonable and prudentr, atè whher applicable UK Accounting Stsndards IFRS 102) have been foNowed. subiact lo any material departures disclosed and ejplained in the fiftancol statements". preparè thè fin8nci81 statfftnts on the going concem basis unless it is inappropriate to presume tW the Chaiity will continue in business. The Trustees are responsible br keeping adequate accounting records that are sufficiwl lo show and expkin the charit$ transactions and disclose wrth reasonable accuracy 81 any time the financrdl position of the Charity and enable them lo ensure thai the financial slalements comply wlh Ihe Charitie5 Act 2011. the Chaiity IA¢¢ounis and Reports) ReguLqlion5 2008 and the prowsions ofthe . They are also responsible forsafeguarding the assets of the Chaw and hence for taking reanable steps for ihe prevetition and detection of fraud and Otr iriegular&ties. Disclosure of Infonnation to auditors Each of the persons who are Truslees at the time when thi5 Trustees, rewt is approved has confirmed that $0 far as that Tfustee is aware. there 1$ no levant audl inf¢mi•tion tsf which the charW8 auditors are unaware. and that Trustee has tsken 811 the sieps that ought to have been tsken as a TnTrst& Fn clder to bé aware of any relevanl audit ithirmation and to eslablish that the ¢hariVs auditors are aware ofthat infomiation. Audito The auditots. Feftons. have indi¢aled theirwillingness to continue in office. The designated Trustees wlll propose rnctron reappointiro the auditors * a meetrng of thè Trustees. ADproved by order ofthe members of the board ofTruslees cn 26. b. Ib and s¢gned on Iherr behalf by. MrNSGLong Chairpetson
RICHMOND GYMNASTICS ASSOCIATION INDEPENDENT AUDITORS REPORf TO THE MEMBERS OF RICHMOND GYMNASTICS ASSO¢IAllON Opinion We have audited the financk41 statements of Richrnond Gymnastics Association Ithe'charity'i for thè year ended 31 August 2025 ithch comprise the Statement of finanual a¢ENities. the Balanee sheet. the Stement of cash ftOW5 and the r18$, ineluding a summary ol swjnifttnt accounting polics. The financgl reporting framework that has teen 8ppIEd in their preparation is applicable law and United Kingdom Accountift9 Standards. including Yinancial Reporttng Standard 102 The Firjancol Reporbng Standard appScable in the UK and Republic of Irdand, (United lQngdom GeneraItyA¢¢ep1 Accounts'ng plari). The financial statements have been prepared in accordance with Accouniry and Reporting by Charities preparin9 their accounts in ac¢ordan¢e the Fina181 Reporting Stsndatds applicable in the UK and Republic of Iland {FRS 102} in preferen to the A¢counting and Reportrng by Chafftres.. Slaiement of Recommended Practice issuèd on 1 April 2005 which is TeferrJ to in the extant regvlattons but h8$ been wtlthaw This has Ixen done ul order for the accourtts to provKle a true and fair view in aco)r<lance with the Generaty Accepted Accounting practi effective for reporting wods begirrning on or after 1 January 2015. In OUT Opinic the financial statements: give 8 true and fair Mew of the slate of the ¢hariVs affaws as al 31 August 202S and of Tts Trncoming sources and application of resources for the year then ended., have been PTope¢ly prepared in a¢cordance wilh Untted Klngdom General Accepted Accc+unling Practice.. and ave been prep8red in cc{dan the requirements ofthe Charitie5 Act 2011. Basls for opinion We conduaed our audit in acmidance Yrith Intemational Stand8rds on Audthng IUKI {ISA5 (UK)) and appl¢c)le law. Our resporoibililies under those standards are further described in the Auditors. responsibilities forthe audr( of the financial statemet)ts sectitsn of our report. We are independent of the ch8tity in accordance with the Èthical uirements that relewa)t io our audit of the finan¢ial staternents in the United Kingdom. includ9 Ihe Financial Rèportrng Counul's Ethical Standard, and we have fuffilkd our other ethical responsibilities a¢cord?nce wth these requirwnents. We belEve that the audit eviden we have obtained is $ufficienl and appropriate to provide a basis for our ownioTr. Conclusions relating to going ¢oncern In audfft.ng the financial slatements. we have ClUded Ihèt the Truslees. Use ol the going concem basi5 of ac¢ounting in the preparation ofthe finafteial statements is appropriate. Based on the wolk we have performed. we have rwx identifjed any m*erial uncertainties telatirg to events ¢r onditK?n5 that. individualty or ¢ollecbvdy. may cast sbJnfftant doLknt on the charit5ls abiltty to continue as a goiny ¢trncemfor a peric¢J cé at least m¢)nths from when the financTal ststernpnls are authorsed forissue. Our responsibilfties and Ihe rÈsponsibilities of Ihe Trustees with respect to going concèm are described in the relevant sections of this repoiL
RICHMOND GYMNASTICS ASSOCIATION INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF RICHMOND GYMNASTICS ASSOCIATION ICONTINUEDI Othw infomation The other infom)ahon ¢omprises the information nGluded in the Annual report otherlhan the financial ststements and our Auditors, pOrt Ihereon. The Trustee5 are responsible for the other inforMath eontained vAthin Ihe Annual reporL Otsr opinion on the finamal statemerrts dtss not cover the other infom*Ton and. exrepl to the extent otheMise èxplieitly stated in oyr report. we do not express any fom of assurance condusion thereon. Our responsibtlty is to Tead the other infomiation and, in doing so, consider whether the other inf0mtIOn materialty inconsistent with the financial statements or our kn¢jv1ge obtained In th¢ course of the audit, or otheDNise appears to be materially misslated. If we idenlfy such malerial inconsistencies or apparent material misstatements, we are wuwed io detemine whether this give5 rise to a material mtsstatement in the financial sttttemenls Ihemsel¥es. If, based on the work we have performed. we conclude thal there ts a material misstatement of thos olher infomalion. we are requwed to report that fad. We havè nothing to reput in this regard. Matters on which we are required to report by exceptlon We have nothing to Teport in respect of the following matters where the Charttw (Accounts and Reports) Regulations 2008 requires us to report to you rf, in our opinion.. the irrformation given in the Trustees, report k% incvnsstent In any material respect wilh the financial ststernents: or sufficient accounting records have not been kept,. or thefinanoal slatemenls a rtot in agrew)ent wth the aoUntIng records and reiums., OT we have not receNed all the infomation and explanahons we requi for our audiL Responslbllltle5 of trusta8S As exptsined More fulty in the Tnjstees. responsfoilities stalement. the Tntstees are responsib for Ihe preparation of ihe financial statements which gN¢ a true and fair view, for such intemal control a$ the Trustees determine 15 necessary to enable the preparation tsf financial statements that are free from material misststement whether due lo IraLKf or error. In PparIng the financtal statements, the Trustees are ponSible for assessing the Chari ability to continue as a going ¢onrem. dis¢losin9. as appltsble, matters related tts going ¢oneèrn and using thè going concem basis of accounting unless thè Tru$leè5 èithw intend to Iiqutdaie the charity or to cease OPeratn5. or have no realistic alternative bul its do so.
RICHMOND GYMNASTICS ASSOCIATION INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RICHMOND GYMNASTICS AssocfATION {CONmNUEDI Audttors. r•sponsibiliiies forthe audTt of the flnancial statements W& have been appointed as auditor under SeeOn 144 of the Chatit Act 2011 and port in a¢coTdance with the Act and relevant re9Utatiofts made or having effect Ihereunder. Our objectives are to obtain ronable assurance about whether the financ¥1 slatemttnts a5 a whole are f freffl material misststement, whether due to fraud Or e01. lo issue an Auditors, report that includes our opinK)n. Reastsn8e assurance is a hHJh levd of a53urance, bLrt is Trot a guwantee that an audit Condue in accordan wilh ISAS (UK) will ¢JetecE a material misstatemertt when il exrsts. Mtsstatemenls arise from fraud or error and are considered material if, individualty or in the gggregate. they could reasonably be expectèJ to irffluence the economic decisions of users taken on the basis of1hE5e finanaal stments. Irregularities, indudin9 frayd. are instan5 of nC<WP1ianee with laws and regulations. We design procedures in li wtth our reSpm$IllIie$. outlined above. to delect material misstatÈments in respect of irregulartties. includin9 fraud The extsnf lo which evr predureS are capable of dele¢ttrs irregularities. includ9 fraud is delailed bek)w. We assessed tho risk ol mater[ misstatennt of the financial statèrnents, Iruding the risk of material mi5Statement due to fraud and how it maght ocrur, by holding dsscussions with managment and those charged ryth governance. . We obtained an undèrstrnding of kn and regulations thai cothJ reasonaw be expected Ic have a material effe¢t on the financial statements through diSCL'ssion with management and those charged with governance. Iduding financral reporting and taxation legislation. We considered that extsnt of compliance with those laws reSdatn$ as part of our pr¢)cedures on the related fincial statement items. . We inqued of ftnagwnent and those charged with 0)veMan as lo any kn¢Trwn instsnces of nonwcompfiance or suspected nonmPliance with laws and wulalions. We remained alert to any indications of non-compliance Ihr¢yJghout the oudil. . We addressed the risk of ftaud through management overrscIe by TeM•ving the appropriateness ol a sample of journal entries atTrd other adjustments" assèssing whÈther ihe judgements made in making key accounting ¢5timatès are Indale ol a potential bias: and evaluating the business rati of any signthcant transactions that are unusual or outside thè normal Urse of business Ihat we come across IhToughoul the au¢J However, the primary respor6ibilty for the PreventTr and detectton of fraud rests with both management and th)se charged with goveman¢e ¢f the charity. Our examrnalion should not be relied upon to dixlose all such material mtsstatement$ or frauds. errors < instances of ntsn-complianGe as may exist. Because of the inherent lthitations of an audit, there is a risk that we will noi detect all $E9u1anIieS, indudwg those leading to a material misstatem¢nl in the financial ststements or non<ompliance Tegulation. This iisk increases the more that eomplk?nce with 8 law or regulation is MoVed from the events *d transactions refie¢ted in the fironciat statemerts. as we will be less likety to becomè aware of instsnces of non-compliance. The risk is also greatèr regarding irregularities occurring due to fraud rather than etror. as fraud involves inlentKJnal concealment. forgery, collusim. omtssion or mi5Epresent81ion. A further descrytion of our resporbsibilthe5 for the audit of ihe financial statements rs h)caled on the Finanual Reporting Counafs websrte at.. iti Auditors. report. T1$ (Jeseription form5 part of our
RICHMOND GYMNASTICS ASSOCIATION INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF RICHMOND GYMNASTICS ASSOCIATION ICONTINUEDI Use ofour report This report is made solely to the charws trustees, as a body, in accordance wtth Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we mtghl slate to the charity's trustees those matters we are required to state to them in an AudTtors' report and for no other purpose. To the fullest extent permitted by law, wè do not accept or assume responsibility lo anyone Dlher than the sharily and its Iruslees, as a body, for our audit work, for this report, or for the opinions we have formed. Feltons 1 The Green Richmonrl SLzrrey TW9 1PL Dalo". 26 Feltons are eligible lo act 9$ auditors in temis of section 1212 of the Companies Ad 2006. Page11
RICHMOND GYMNASTICS ASSOCIATION STATEMENT OF FINANCIAL ACTMTIES FOR THE YE4R ENDED 31 AUGUST 202S Unrestrictèd Restricted funds funds 2025 202S T¢tal funds 2025 Tolgl funds 2024 Note Income from: Donation5 and lewies Charitable activities Other income 48.394 1,152.047 4.080 SOA4Z 98.736 1.152,047 56,9&7 1, 194021 1,428 Total income 1.204,521 SO.342 1254m3 1.253.402 Expènditure on: Chariiablè acliwtEs 1.244.459 6*73 1,251.132 1.256.093 Total •xpendlture 1244,4S9 6.673 1,251.132 1,256.093 Net movement In fvnds 139.9381 43.669 3.731 (2.6911 Reconclllation of funds: Totsl fund5 bioughl fcrfward Net movement In funds 621,684 139.938) 122.472 43.669 744.156 3.731 746.847 (2.691) Total funds carried for4varyl 581,746 166.141 747,887 744, 756 The Stslernentof Fman¢ial Activititrs includes all gains and losses recognised in the yetr The notes on pages IS to 30 fomi part of tlte5e finan¢i81 statements.
RICHMOND GYMNASTICS ASSOCIATION BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Flxed assets Tangible assets 12 769.877 767,370 769.8n 767.370 Current assets Debtors Cash at bank and tn hand 13 29.378 215,695 11.978 296,963 245,073 308,941 Current liabilities Credito¥s= amounts fallin9 dve within one year 14 (267.0631 (332. 155J Net eurrent Ilabilities 121.9901 123,274) Total ass¢ts less cwrent liabalities 747.887 744, 15S Net assets *xeludtng pension as¥et 747.8B7 744. 156 Total net assets 747.887 744, 156 Charity funds Restricted fund5 Unrestricted funds 15 15 166.141 581,746 122.472 621.684 Totsl funds 747,887 744, 156 The fJn8n¢ial ststements were appro¥8d and arthorised for tssue by the Trustees 2oik and signed on their behaLf by.. MrNSGLong Chairperson Mr D Aifingham Treasurer The notes on pe$ 15 10 30 Part of these financial statements.
RICHMOND GYMNAsncs ASSOCIATION STATEMEKf OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 202S 2025 2024 CBsh flows from operntlng activitl•s Net cash used in operating acknvibes {318661 69,996 Cash flows from inyesting •ctlvlttgs Purchase of tangible fixed assets 148,402) {1.680J Met cash used in Investing èctivities 148.402) {1.680) Cash flows from finaoclng adivities Net cash provided by finaneÉng Octivities Change In cash and cash equivalents in the ye•r Cash and cgsh equleftts * the beginniro ofthe ytrdr 181268) 296.963 68,316 228.847 C3$h and cash equlvalents atthe ènd ofthe year 215,695 296.963 The notes on pag¢s 15 to 30 foTm part ot these financial statements
RicHf4IoND GYMNASTICS ASSOCIAnON NOTES TO THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 AUGUST 2025 General infomiation Richmond Gyrnnastics Assocrdtton is a charty sel up in the Unrted Kingdom and govemed under the Charrtie5 Act 2011. The organisalion is an uninco0rated assoctal1, regi8teTed with the Charity Commrssion for England and Wales. The address ofthe pmcipal office is T%Thnmead Road. Kew. SUey. 7W9 4EL. A¢eourrting polrcies 2.1 Basss of preparatlon ol financial statements The financial statements have been prepared under the hi5torKal cosl eonvention with ilems recognised at ¢osl or Iransbon vue unsS otheMise stated in the relevant notes to these accounts. The financial ststements have been prepared in ace0rdan with Ile Charities SORP {FRS 1021- Accounting ?nd Repc)rting ty Charities.. Staternersl of Recommended Practiee app15cable to charilies preparing their ae¢oynls in accordan with the Financial Reporting Stsndard app11rAb in the UK and Republic of Ireland (FRS 102) (effective 1 Janv8ry 2019}, the Finanaaj Reporting Standard applicable in the LIK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial statements Feve been ppared to gwe a Irue and fair view and have departed from the Charitie5 (Accounts and Reports) Regulatio5 2008 only to the extènt required to prowde a Irve aNJ lairf view. This depaTtVFe has involved following the Charittes SORP {FRS 1021 pubred in October 2019 rher than the AccoLmting and Reporting by Charities.. Statement of Recommended Pr*ettce effectNe from 1 Aptil 2005 which has since begn wthdrawn. RichmorKt Gymnastics Association meets the definition ofa public t¢nefrt entty under FRS 102. Assels and liabilthes are initially recognised * hÉslorical cost or transaction value unless otheAYise slated in the Tejevanl accounting wIiGg. 22 Going wncem The finan¢i81 statements ofthe Charity we prepared on a goin9 ¢oncem basi& The Chartty nieels Tts daylo day wothing capital requirements through cashflows from it5 operations. The Trustees h?vÈ analysed the results and ntinue lo take steps to improve the posoon going fomard by toth slabilising costs and inerea5ing fee5. as requid. They also contnue lo cafry Out ongotng monitoring of the chariil$ finan¢01 posiltctn. The Trustees have also assèssed Charity's future finan?818nd Ir8ding ouuook and Consider cashflows. along with appropriate miligation plans. The Trustees have 8 reasonable expectabtsn that the Charity has adequats resources to continue in operational existence for the foreseeable fiJluTe. As a resuf they ntInue to adopt the going COnM basis of accounting sn preparing the financial statements.
RICHMOND GYfvINASTICS ASSOCIATION NOTES TO THE FIcAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting polici•s (continued) 22 Incorne All income is recognised onts the Chaiity has efilitlem8nt to the income. it is probable Ihat the inc¢me 11 be recewèd and the amount of inc¢)me recèivable can be measured reltabty. Th& recognition of income frorn legacies is dePernt on eslablishirg entitlement, the probability of ree&pl and the abilty lo estimate vitth sufficient accura¢y the ?muunt leceivab. Eden of entitlement to a legacy exists when the Chatity has rICient evidence that a gfft has been left to thern (through kno%9e of the existence of a valid will and the dealh of the benefactor) and the executor is satisfied that the prertY in questicfi wll not bg required to satisfy claims in the estate. Receipt of a legacy musl be recognised when it is probable that it will be reeeived and the tsir vu? of the arno[1 receyvable. which will genèrally be the expected cash am¢xJnt to be distributed lo the Charty, can be relrably mèasured. Gifts in kind dond foT di8tribution are included al valuation and recognised as income when they are distribLrted to the projects. Grfts donated for re58le are included as tncomewhen they are sdd. Other income is re¢cgn15ed Sn the period in which it is TKeIVab and to the extent the good$ h#ve been PTovhled or on complet¥on of servirx. 2.4 Exp•nditure Expenditure is ognised once there is a legal 0rcortslrLtÉ obligation to Iransfer economic benefft to a third party. it is probable that a transfer of economie benefits wll be Tequired in settlement and the amount of the obli9ation Gan be measured reliably. Expenditure is classffied byactNity. The costs of each activity are made up of the total of direct costs and Sha costs, includrn9 $LPPQrt Costs )vofved in vndetsking each a¢twty. Direct costs ¥ttrrbutable io a single actwty are allocatetl diredty lo that actNtty. Shared costs which contrtiute ID more th£n one activty and support costs which are not attbable lo a single adivity are apportioned betsveen those aetkvities ¢)n a basis consistent with the use of resour. Central staff costs are allwaied on ihe basis of time spent. and depreciitin tharges alocd on the portion ofthe asset's use. Expendilvre on charitable a¢tNities is incurrecl directly undertaking the activthes which further the objectNes, as well as any associ3i&Y support co. All expendrtwe is inclusNe of wrecoverable VAT. IS GovernmentgTants Govemment grants reLatsro lo tangible fixed assets a Irtrated as deferred income and refe8sed lo the Statement of financtal activities upt)n the completion ol the relevant rfOrMTe(aIed ¢ondilions. Olher grants that are noi subject tts perfomantsrelaled ¢onditKJns arè ttedited to the Slalement of ffnancsal activilies 88 the grant PF4xeeds ere received. Gr#nts received prior to the revenue reco9nrlign uiteria being satfftd are reGognised as a fRbilty. 26 Interest receivable Interest on funds hekl on deposit is irttuded when receivable and Ihe amount Can be measured reliably by the Charity: this ts nomwlly upon notification of the iAlerest p8id or payable by the inststutton with whom Ihe funds are depossted.
RICHMOND GYMNASTICS ASSOCIATION NOTES TO THE FINANCIAL STATENIENTS FOR THE YEAR ENDED 31 AUGUST 202S Accounting policies (contlnuedl 2.7 Tangib fixed assets and depreciation Tangible fixed essets are initialty recogntsed at Cost. After recognition. under the cost rnle1. tangll)le fixed assets are measured al cost less accumulated ¢eprecialion and any accumulated impairment losses. All costs IncUrT to bring 3 tangible fixed asset int¢ its intended working condlion should be induded in the measurement of cosL A8sels in the course of conslruclion afe inctuded al 51$ intsJrred to date. DePtatitsn on these assets is not ¢har9e¢ unlil they a brought inlo use. Depreciation 1$ charged so a5 to allocate the co$¢ of taftgibje fixed a55ets less their iesidual value over their estimated useful lives. Depreciation is prOVed on the followtng bases.. Leasehold Propety - 30 yeats ort a stratght line basts ov¢r the period of the lease extension. - 30 years on a straight line basis overthe period ¢f the lease extension. Offte and gymnast equipment- 3- 5 years straight line basis. Pbnt and Machinery 2B Débtors Tr and other debtors are re¢o9nisefl 81 the settknienl 8mount after any irade ¢fiscount offered. Prepayments are valued at the amount prepaid net ofany trade diso)unts due. 2S Cash at bank and In hand Cash at bank and in hand tnciudes cash and $hort-lemi h3hly Itquid investmènts wfth a short maturity of three months or less from the dale of acquisition or opening of the deposit or synli #r aEGount. 2.10 Liabilitie$ and provisions Llabli ilies 8re recognised when there is an ObgatIOn at the Balan she¢t date as a res1 of a pa$t event, it is probable that a transfer of eGcnomi¢ benefit wrll be required in setuement, and the ant of the settlemert can be estimated reliably. Liabifrties arè recognised et the amount th#1 the Charity anticipates it W711 pay to Settle the debt orthe amount il has r1Ve as advanced payments for the goods or seNices it must provide. Provisions are measured al'he best estimate of the amounts requiTed to the obligatH?n. Where the effect of the time value of money Is material. the promsion is based on the present Value ot ihose 8mounts. tJi$¢ounted at the pre-tax discount rate that reflects the risks speciffc to the liabilty. The unwind¥ng of the discount is recognised in the Statement of fina413ClIv1bes as a fJnan¢e cost. 2.11 nancIal Instnsments The Charty only has financial assets and financial liabilities of a kind that qualify as basic financial instrum*)ts. BaSicfinanci ib)srrurnents are in#ially recognised at transaction value and subsequent Fneasured at therr seltlemenl valuè wth Ibe exceplton of bank loans wh¢h are subsequent measured at amorbsed cost using the effe¢tNe interest method.
RICHMOND GYMNASTICS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Aeeountlng polkles Icontinu¥d} 112 Pèn$lons The Charity operates a defined contribution pension s¢heme and the pension charge preseNts the amounts payable by Ihe ChaTity lo Ihe fund in re5ped of the year. 2.13 Fund accounting General funds are LA1$1r[cted funds which are avali ablè for use ai the l10n of the Tnjstees in furtheran of the general obj'ectives of the Charty and which have not teen designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by thè Twslees for particular purposes. The and use of e¥ch dgnate<l fvnd 15 set out in the notes to the finanaal ststements. Restricted fund$ #ie funds wh are to be in a¢[dance with specfic restrt¢lion$ imposed by donors or Wtth have been raised by the Charty for particular purposes. The costs of raising an(f administering such funds ale charged agaiftst the specific fund. Thp aim ancs use of each restricted fund is sel out in Ihe notes to the financial stalerrEnls. Investment ir¢ome, gwns and losses are allocated to thè appropriatp fund. InconR from donations and lègaci•s Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Tot fund$ 2024 Grants. donations and legaaes Market value rent on the association premtses not ¢hargeQ by the freel)older 13.394 50,342 63,736 21,953 35,ODJ 35.000 Total 2025 48,394 50.342 98.736 56,953 Tola12024 42.296 14,657 56.953
RICHMOND GYMblASTICS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EhlDEO 31 AUGUST 2025 Income from charitsblo activiti Unrestrfcted funds 2025 Total funds 2025 Total funds 2024 Unreslii¢ted actiwties Other in¢ome- parties, saes of kit, badges, coaching and eompetition 8.017,776 1.017.776 1.028,813 134.271 1U,271 166,208 Total 2025 1.151047 1.152.IM7 1, 195.021 Tolal 2024 1. 195.021 1, 195,021 Other incoming resourGe5 Total funds 2025 Tot81 funds 2024 fLrnds 2025 Bank interest 4.080 1,428 Total 2024 7.426 1.428
RICHMOND GYMNASTICS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of expendli ure on ¢harltable activitiss Sumn7ary by fimd type Llnrestii¢¢od Restricted funds funds 2025 2025 Total 2025 Toral 2024 Class fees and subscriptions Townmead Project Hèating fund ghting fund The Ja¢k Petchey FoundatKJn 1.244.459 1,244A59 1,238,015 4.534 1,417 1.417 12,758 722 1.244,459 6.673 1.251.132 1.256,093 Tof812024 7.23&015 18,078 1.256,093 Analysi5 of expendilure by activrbes A¢tivities undertaken dlrectly 202S Support Total funds 2025 Total funds 2024 202S UnreslTiCted activities Townmead Proje eating fund lighting fund The Jack Petchey Foundation 848.105 5$6.354 1,244459 4,534 IA17 1.238,015 4.534 1,417 12.758 722 722 654.n8 596.354 1,251.132 1.256,093 Total 2024 659,350 596,743 1,256,093
RICHMOND GYMNASTICS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 AUGUST 2025 Analysis of èxpendibjre by act4Vities (contjnuedl AnalysFs of direct costs Unrestrictèrl Townmead actlvtties Projert 2025 2025 Heating fund 2025 Lghfjn9 fund 2025 Staff costs Depre¢iattDn Other dtre¢i costs Governance costs 586,488 39,942 10,265 11.400 4.$34 1.417 648.105 1.417 Tol¥12024 641,2T2 12, 758 The Jack Petchey FoundatiorT 2025 Total nds 2025 Tol81 funds 2024 Staff costs Depreciatson Oiher direcl crjsts Goveman¢e Costs 586.498 582.035 ,033 75.882 11.400 10,987 11AOO 654.778 859.350 Tol812ff24 766 fj59,350
RICHMOND GYMNASTICS ASSOCIATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR EhlDED 31 AUGUST 2025 Analysis of eXndItUre by activittes {¢onlinuedl Anatysis of support costs Unrestrlded a¢tivitses 2025 Total funds 2025 Total lurtds 2024 Salaries and payroll costs Establishment cosis Bank and credit rd charges Repairs and maintenance Telephone and computèr Printing. postage and sktionery Competition expenses Sundry and olhw costs Legal and professional costs Kit. meda15 arkl other pureha5es Cleaning Training and travel 1,499 110,287 16,085 30,559 30.413 19S.499 110.287 16.085 194.012 128,452 16.294 36.479 30.297 30A13 iii 907 71.726 17.092 27.381 41,317 54.536 552 628 72,600 14,888 21, 169 44. 787 71,T26 17,092 27,381 41.317 54,536 $$2 43.597 140 598.354 596,354 596.743 Tot¥ 2024 596.743 596,743 Audltoys, remuneration The aLrditors' remuneration ¥nounts lo an auditorfe8 of £11.400 (2024~ £11.40U).
RICHPAOND GYMNASTICS ASSOCIATION NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S Staff costs 2Q4 Wages and salaries So¢ial security costs Contribution to defined contrib(rtion penstr)n schernes 730,210 34,123 17,664 724,890 33.265 17,891 781.997 776,046 The average number of persons empfoyed by the Chaftty during the yearwas as follows: 2025 No. 2024 No. Of[e and management Coaching 62 The number of employ*s whose emoyee benefrts (excluding employer pension costs) exc••dèd £60,000 was.. 2025 No. 2024 No. In the band £70.001- £80,000 10. Trustees, remuneration and expanses During the year, no Trustees receNed any remuneration or other benefrts (2024- £NIL). Durtng the year ended 31 August 2025, no Twslee expenses have been inujrred (2024- £nllL). 11. Taxation The Assocfflton is a registered charity and as such no charge for corporattw tax or capital gains tax w(11 arise on its operating actiwtie512024 - £NILI.
RICHMOND GYMNASTICS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Tangible flxed assets LonTrterrn lèasehold property Office and Plant and gymnastic machinery equipment Total Cost Qr valuatlon At 1 September 2024 Additions 1,553.233 228.851 479.821 48rt02 1261.905 48A02 AI 31 August 2025 1.SS3.233 228051 528.223 2.310.307 Deprttlation Al 1 September2024 Charge for the year 878A44 181m7 1,809 434166 18.135 1N94.537 45.893 At 31 August 2025 904,493 183.636 452.301 1.540A30 Net book value At 31 August202S 6K740 4S.215 75?22 769,877 At 31 August 2024 S74,689 47.024 45,655 767,368 The AssLXiation's leasehold PTemlses are herd on a lease for 30 year5 from 29 Juty 2022 81 8 'pepper¢orn renf proMdiFVJ that the A5socrdtion continues to operate there as a 9ymnasties dub. If the Association should cease to operate, fijll market rentsl woukl be Payab and for thi5 rea50n. no value placed i)n the Asso¢i*ion's leasehojd intwl Ihese accounts. The original market value rental at the ommencement of the lease was £35.000 per annum. The tumble run eX$ton relate to costs IncUed up 19 31 August 2009 and has ineludèd in Plant & Machinery. The new extension was brought in to use in September 2020 and ha$ been Thded ui j0r-terrrt leaseholu property. The lorvj temi leasehold prtsperty. induding the new extension and tumble run are being depreciate(l over pericxd of 30 years in line wrth the new se extension that was agreed Fn May 2022.
RICHMOND GYMNASTSCS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 20 13. Debtors 2025 2024 Due within one year Trade deblors Otherdebtors Pffpayments and accrued iocome 8.170 9.724 11.484 t.560 10.418 29.378 ql,978 14. Creditors". Amounts falling due within one year 2025 2Q4 Trade ¢redrtors Other tax¥lion and social seujrity Other creclito Accruals and 4*feYred in¢ome f1.004) 11,714 17,808 238,545 19,487 8,223 21.782 282,663 267,063 332. J55 202S 2024 Deferred income at I September 2024 ResrceS defe¥ted durin9 the year Amourrt5 released from previous periods 252449 243.799 £252,449) 243,564 252,449 (243.564) 213.799 252.449 Fees for dasses S ¢haTged in advance. September class fees are inwiced and payment receive(1 fFom the siart of July. Thi$ fees are associated with nextyearfs income and thereffft the #mourt is deferred.
RICHMOND GYkWASIJCS ASSOCIATION NOTES TO THE FtNAMCIAL sTATEMEs FOR THE YEAR ENDED 31 AUGUST 2025 15. Statement of fijnds ststement offvnds- current year Balan¢e at 1 Septen7ber 2024 Balance at 31 August 2025 Transf Inlout Income Expendlture Unrestricted fuods Designated funds Intena and asset repF3MeTrt reserve 621,884 139A381 581.746 Gènèrdl funds General Funds 1,204.521 11,244,459) 39,938 Total Unrestricted funds 621.684 1.%>4.521 (1.244ASg1 581.746 Restricted funds Towmnead Project The Jack Petchey FouRdattO Friends of Richmond Fund GMPD Fund Lighting fund Heating fund 117,885 14,5341 (722) 113,351 4.481 2.S82 342 3,199 42,186 2,739 2,582 342 {8011 4,000 43,603 11A17) q22.472 50,342 18.6731 166.141 rotsl of furKIs 744.166 1.254m {1.251.1321 74787 The Townmèad Pfojed funds rePSerS th¢ monEs originally raised to buiId th? A550ciation's premises and fo equip il. The remaining bakn¢e represents the lehold extensron and is beirvJ writen off i)ver the lrfe gf the Association's lease on the Townmead Road premises. A 9Fanl was received from the Jack Pet¢hey FodatiOn fu the cost of the British Gymnaslics funding for gymnasts. The HeatirKJ funds presents monies rtE5ed towards the Asso¢i*ion's nw heating syslem durin9 the year ended 31 August 2025. These funds are being written off over 5 years to b& consistent with the depra1)n policy.
RICHMOND GYMNASTICS ASSOCIAllON NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDEO 31 AUGUST 2025 15. Statement of fiinds (contrnuedl Statement offunds- prior year Balance et I September 2023 88lance 81 31 Augusl 2024 Trdnsfers ltr0[ Inme E¥penditu Unrestricted funds Designatèd fund5 Mainlenance an¢J asseE replarEwnent reserye 620,954 730 621,684 Generdl funds General Funds 1,238.745 {7.238.01S) (730} Total untricted funds 620.954 1.238,745 ri.238.Oq5) 621.684 Restri¢tod fvnds Townmead Project Jack Petchey Foundal*Jn Friend$ of Richmond Fund GMPD Fund Ltghling fund 122,419 550 2.582 342 (4.534J 1786) 177,885 2.464 2,582 342 (801) 2.7CQ 11.957 (12.758J 125,893 14.657 (18.078) 122.472 Total of funds 746.847 7,2S3.402 (1.256,093J 744. 156
RICHMOND GY&INASTICS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16. Summary of funds Summary of fitnds- current year Balance at 1 September 2024 Balance at 31 August 2025 Transfers inlout Income Expenditure Designated funds General funds Restricied flinds 621.684 139.938) 39.938 581.746 1.204,524 50.342 11,244N591 {6ml 122A72 166.141 744.156 1,254.863 11251,1321 747.887 Sum¥nary of fuftds- prloryear Balance al I Septemb 2023 Balance al 31 Atwust 2024 Transfers Income Exnditre Desh3nattrJ funds General funds Restricted funds 620.954 730 (730) 621.684 1.238, 745 (1.23aofSJ 14,657 (1a078J 125.893 122,472 746.847 1,2S3,402 (7.256.093) 744. 156 17. Anatysis of net assèts bets¥een funds Analysis of net assets between funds - Current year Unrestricted Restricted funds funds 2025 2025 Tolal funds 2025 Tangible fixed assels Current assets CrerfrtOJ5 due within one year 614,340 234,469 1267.0631 155.537 10,604 789877 245,073 267,063} Total 581.746 166.141 747
RICHMOND GYMNASTICS ASSOCIATION NOTES TO THE FINANCIAL STATEMEP FOR THE YEAR ENDEO 31 AUGUST 2025 17. Analysi% of net assets belweeD funds Icontrnuedl Analysis of net assets belwpen fvnds- prior year Unrestrided Restricted Endowment funds funds fiJnds 2024 24 2024 Total fvnds 2024 Tangible fixed assets Current assets Creditors due within one ar 117.885 4,587 649.485 304.355 (332,755) 767.370 308,942 f33a 155J Total 122472 627.685 744. 157 18. Reconclltatlon of net movement in funds to net cash tkjwfrom operating activities 2025 2024 Net rneome1expendltu for the year (05 per Stslement of F>n¥ncr?I Activities) 3.731 (2.691) Adjustments for. Depclat10n charges Increase in debtors Decrease in ¢redrtors 45.893 117.400) 165,090} 50,227 4.295 18, 166 Net eash provlded byllused inl operating activitrÈ$ 132.8661 69.997 19. Analysis of cash and cash equivalents 2025 2024 Cash in hand 215,6 296.WJ Total cash and cash equivalents 215,695 296,963
RICHMOND GYMNAsncs ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Anatysis of changes in net dèbt September At31 2024 Cash flows August 2025 Cash at bank and in hand 296.983 (812681 215,69S 296.963 181,268} 215.895 21. Pen$lon Gommitinents The group operates a defined conliibtrtion pension scheme. The assets ofthe stheme are held separately from those of the group in an indeperKSènlty administered tsnd. The pension c¢)st charge represents contribLrfions payab by the group to the furttl and amounted lo £5,131 12024 - £8.539) were payable lo the fund * the balance sheet date 8nd are included in CTeéitors." Related party transactions The Charrty ha5 not entered nto any related party transadion during the year. nor are ihere any oth5tsnding balance5 owng befvieen related partiès 8nd the Charfty at 31 August 2025.