THE CAROUSEL SCHOOL OF GYMNASTICS
Unit 2a Byron Works, Russell Gardens, Wick Lane, Wickford, Essex
Mr A R Wenden
Elliott, Mortlock, Busby & Co Limited
Chartered Certified Accountants
12 High Street
Stanford le Hope
Essex
SS17 OEY
Dear Mr Wenden
We confirm to the best of our knowledge and belief, and having made appropriate enquiries of other trustees and
staff of the charity, the following representations given to you in connection with your review of the charitvs
accounts for the year ended 31 March 2024.
We acknowledge as trustees our responsibility for the accounts, which you have prepared for the charity. All
the accounting records have been made available to you for the purpose of your review and all the transactions
undertaken by the charity have been properly reflected and recorded in the accounting records.
We confirm that there have been no changes in the accounting policies other than those disclosed in the
accounts. In our opinion, the accounting policies are appropriate to the charity and conform with generally
accepted accounting principles. We confirm that all transactions and balances have been accounted for in
accordance with these accounting policies.
We confirm that all assets have been included in the balance sheet.
We confirm that all assets included in the balance sheet exist.
We confirm that the charity owns all the assets included in the balance sheet, unless otherwise stated in the
accounts.
We confirm that the value of all the assets in the balance sheet are fairly stated.
We confirm that depreciation has been provided on all fixed assets with a limited economic life in accordance
with the stated accounting policy. In our opinion, the rates of depreciation are reasonable.
We confirm that all liabilities have been fully recorded in the balance sheet.
We confirm that all liabilities recorded in the balance sheet are properly those of the charity.
10. We confirm that all liabilities have been recorded at a fair value.
11. We confirm that there has been no netting off of assets and liabilities.
12. We confirm that all income has been fully recorded and correctly classified.
Cont....

13. The charity has no contingent liabilities other than those disclosed in the accounts.
14. We confirm the charity has not had any related party transactions other than those disclosed in the accounts.
15. There has been no event since the balance sheet date which requires disclosing or which would materially affect
the amounts in the accounts, other than those already disclosed or included in the accounts.
Yours sincerely
Signed on behalf of the board
K Shepherd- Trustee
. Mr W Harvey-Trustee
21 January 2025

THE CAROUSEL SCHOOL OF GYMNASTICS
UNIT 2A BYRON WORKS, RUSSELL GARDENS,
WICK LANE, WICKFORD, ESSEX
(Registered Charity No:_ 803483)
TRUSTEES REPORT
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE CAROUSEL SCHOOL OF GYMNASTICS
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 March 2023
The Carousel School of Gymnastics is constituted by Deed of Trust and is a registered charity, No. 803483. 1
is
S118
addre
Unit 2A Byron Works, Russell Gardens, Wickford, E
ex
The charity trustees during the year to 31 March 2024 were:
Jean Morgan (deceased on 10 March 2024)
William Harvey
Karen Shepherd (from 11 March 2024 present)
The object of the charity remains the same to provide a gymnastics facility for young people ensurin
given to the physical education of the pupils in the interests of social welfare, together with team spiri
belonging. The current emphasis being artistic and recreational gymnastics.
ttention
The charity is mainly dependent on membership subscriptions together with the hiring out of the premise
groups including Home education and School groups. Fundraising is also significant.
The school has highly qualified coaches to teach the gymnasts and encourages ex-gymnasts to stay in th
po
take coachingjjudging qualifications. All our coaches are qualified and have been DBS checked and all have fi t aid
certificate and attend Safeguarding and protecting children courses.
Membership is at an all time high and a very long waiting list is being held.
A committee elected by the membership at an Annual General Meeting held every April manage the day to day
running of the school, however volunteers to join the committee are becoming increasingly hard to find.
The school continues to produce successful gymnasts at County, Regional and National Level with the addition in 2024
of 2 International level gymnasts. We regularly enter all levels of children in team competitions and friendly events
with other clubs. The club held our Annual Club Competition for all children in the club. We held our AGM and
although attendance was low.
We continue to receive a small grant from the Jack Petchey Foundation again recognising those children that hav
made a positive contribution to the school.
The new premises in Rochford have been open 2 years now and all classes are full and we have had to close our
waiting lists. We have managed to hire new staff. however, we still need more.
We currently have 31 employees/freelance coaches, 5 of which are full time staff.
When we set up the new premises, we used up almost all our reserves, we therefore need to replace these to ensur
we have a minimum of a yearfs rent for these premises (currently £78k). We also need to put aside excess income to
plan for a re-fit of our Wickford premises within the next 5 years (approx. £IOOk). We are mindful that we need to
keep additional amounts to offset any dramatic downturn in operations which was been highlighted during the Covi
19 pandemic.
I will have just taken over as a trustee after the sad passing of Jean Morgan. We have also set up a new Business
limited by guarantee 'Carousel Gymnastics, Adam Lovatt has agreed to be a trustee on this new company which we
will be applying for Charitable status as soon as the Charity Commission is allowing new registrations
t which poin
11 activities will be transferred over. This is still on hold.
The Independent Examiner is Mr A R Wenden FCCA, of Messrs Elliott, Mortlock, Busby * Co Limited,
Certified Accountants, of 12 High Street, Stanford le Hope, Essex SS17 OEY
hartered
The charity's bankers are Lloyds Bank at Basildon Essex.
Karen Shepherd
On behalf of the Board of Trustees.
Page I

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
THE CAROUSEL SCHOOL OF GYMNASTICS
I report on the accounts of the Society for the year ended 31 March 2024 which are set out on pages 3 to 6.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an
audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an
independent examination is needed.
It is my responsibility to:
Examine the accounts under section 145 of the 2011 Act.
To follow the procedures laid down in the General Directions given by the Charity Commissioner under
section 145(5)(b) of the 2011 Act; and
To state whether particular matters have come to my attention.
Basls of independent examinerfs statement
My examination was carried out in accordance with General Directions given by the Charity Commissioner An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and
the seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the
accounts a "true and fair vie￿, and the report is limited to those matters set out in the statement below.
Independent examinerfs statement
In connection with my examination, no matter has come to my attention:
(l) which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting
requirements of the 2011 Act have not been met. or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to
be reached.
12 High Street
Stanford le Hope
Essex
SS17 OEY
A R Wenden, FCCA
Elliott, Mortlock, Busby & Co Limited
Chartered Certified Accountants
Page 2

THE CAROUSEL SCHOOL OF GYMNASTICS
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Incoming Resources
Gymnastic activities
Fund raising receipts
Bank deposit account interest
Grants
453,753
7,331
868
900
384,293
1,858
70
6,371
Total Incoming Resources
462,852
392,592
Resources Expended
Cost of gymnastic activities
National Insurance
Pensions
Rent and service charge
Rates
Insurance
Lighting and heating
Postage, stationery and advertising
Telephone
Subscriptions
Coaching fees and expenses
Repairs and renewals
Bank charges
Affiliation fees
Independent examination fees
Cleaning
Course fees
Loss on sale of assets
General expenses
21,309
9,691
3,408
70,758
1,680
4,181
11,078
207
3,378
27
211,515
6,418
160
2,478
3,033
1,278
688
615
690
18,885
5,971
2.660
64,515
3,198
3,419
12,605
415
3,112
270
153,225
4,405
85
1,871
2,675
970
18
816
352,592
279,115
Depreciation
47,119
12,313
Finance Costs - Loan interest
8,475
12,323
Total Resources Expended
408,186
303,571
Net Incoming Resources
54,666
88,841
Reconciliation of Funds
Total Funds brought forward at l April 2023
576,760
487,919
Total Funds carried forward at 31 March 2024
631,426
£576, 760
The notes on pages 5 to 6form part of these Accounts.
Page 3

THE CAROUSEL SCHOOL OF GYMNASTICS
BALANCE SHEET AT 31 MARCH 2024
Notes
2024
2023
Fixed Assets
604,4(K)
636,446
Current Assets
Stock
3,004
3,404
Expenses paid in advance
Debtors
36,120
35,515
2,082
Cash at bank
deposit accounts
119,855
46,059
current accounts
24,559
41,602
Cash in hand
2,934
570
186,472
129,232
Creditors . Amounts falling due within one year
Accruals
3,924
8,257
Creditor
12,729
4,979
Finance lease
21,000
21,000
Bank loans
11,889
11,889
49,542
46,125
Net Current Assets
136,930
83,107
741,330
719,553
Creditors: Amounts Falling due after more than one year
Finance lease
31,500
52,500
Bank loan
78,404
90,293
Net Assets
£631,426
£576, 760
Represented by:_
Funds of the Charity
Unrestricted Income Funds
neral purposes fund
£631,426
£576, 760
Karen Shephard
For and on behalf of the Board of Trustees
2￿ i.I
Date:...
Pagye 4

THE CAROUSEL SCHOOL OF GYMNASTICS
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
2.3 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated
residual value, over their expected useful lives on the following bases:_
Equipment and Fittings
Capital expenditure on premises
IO% per annum on the straight line basis.
15 years on the straight line basis.
2.4 Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restriction arise when specified by the donor or when funds are raised for particular restricted purposes.
Page 6

THE CAROUSEL SCHOOL OF GYMNASTICS
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Fixed Assets
Capital
expenditure on
buildings
Freehold land &
buildings
Equipment
and fittings
Total
Cost
At l April 2023
Additions
Disposals
44,228
343,521
3,392
314,288
12,296
(2,387)
702,037
15,688
(2,387)
At 31 March 2024
44,228
346,913
324,197
715,338
Depreciation
At l April 2023
Charge for year
Disposals
65,591
32,042
(1,772)
65,591
47,119
(1,772)
15,077
At 31 March 2024
15,077
95,861
110,938
Net book values
At 31 March 2024
44,228
331,836
228,336
604,400
At 31 March 2023
44,228
343,521
248,697
484,830
Trustees, Remuneration and Expenses
During the year the following payments were made to K Shephard in respect of coaching services provided:
K Shephard
£1,297.44
Management and Administration of the Charity
2024
2023
Independent examination fee
3,033
2,675
Page 7

Security
The charity has provided the bank with a legal charge over the freehold property it owns as security for the
bank loans outstanding at 31 March 2024.
Operating Lease Commitments
The client has a total commitment, guarantees and contingencies as at year end 2024 of £951,020 (2023:
£1,003,852) included in the above are minimum lease payments under non-cancellable leases, falling due as
follows:
2024
2023
Within one year
Between one and five years
After five years
70,446
281,783
598,791
52,834
281,783
669,235
951,020
1,003,852
P,IgL 8