Registered charity number
900367
Plymouth Swallows School of Gymnastics
Report and Accounts
31 July 2024

Plymouth Swallows School of Gymnastics
Report and accounts
Contents
Page
Trustees reporl
ndependenl examiner's report
Slalement of financial activities
Slalement of financial position
Notes to the accounts

Plymouth Swallows School of Gymnastics
Registered number:
900367
Trustees. Report
The trustees present their report and the unaudited financial statemenls of the charity lor the year ended
31 July 2024. The Iruslees have adopted the provisions ol the Slalement of Recommended Practice
{SORPI "Accounting and Reporting by Charities" in preparing the annual report and financial statements of
the charity.
The financial statements have been prepared in accordance with the accounting policies set out in the
notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and
Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities
preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and
Republic ol Ireland published in October 2019.
Reference and adminlslrative details
Charity name
Charity number
Principal olfice
The charity is known as 'Plymouth Swallows School ol Gymnastics,.
900367
The Gymnasium
Blunts Lane
Derriford
Plymouth
PL6 8BE
Contact address
24 Hartley Park Gardens
Plymouth
PL3 SHU
Trustees
D Leeworthy
J Ca18y
R Murray
Dr. J K Fisher
A Stacey
President
Chairman
Treasurer
Accountanls and independent examiner
Wills Accountants Limited
Chartered Certified Accountants
2 Endeavour House
Parkway Court
Longbridge Road
Plyrnoulh
PL6 8LR
Bankers
Lloyds Banking Group
37 Ridgeway
Plympton
Plymouth
PL7 2AP

Plymouth Swallows School of Gymnaslics
Reg istered number:
900367
Trustees, Report
Structurei governance and management
The trust was established by a constitution adopted on 30th January 1990 and updated on 10 November
2018. The charity is managed by a board of trustees who meet regularly to discuss its allairs.
Trustees are invariably drawn from a cross section ol volunteer parents who are appointed at any general
rneeling ol the charity. In recruiting new trustees, the trustees have regard to the skills and knowledge that
new trustees can bring lo the board.
Objectives and aclivities
The objective ol the charity is to provide qualiiy gymnastic coaching through the education of young
persons who are pupils at schools, universities or other cenlres.
Public benelit statement
The trustees confirm that they have referred lo the Charity Commission's guidance on public benefit when
reviewing the Trust'5 aims and objectives and in planning future activities.
Achievements and performance and future plans
The last year has seen Swallows enjoy competitive success across both the women's and men's
disciplines. Our gymnasts have competed al all levels culminating in Ruby being a reserve for the GB
Olympic team. Ruby and her coach Jemma enjoyed the whole Olympic experience being inspired to aim
to compete at the next Olympics in Los Angeles.
The pre-school classes are proving popular with mosl classes being well supported. We offer two different
types ol classes, one is fully led by a coach with no involvement with parents-, the other is coach led bul
with parental involvement. Both classes offer a structured approach with an emphasis on building skills,
learning to follow inslruclions, which develops interaction and cooperation with their cohort.
Adult gym is back to the delight of everyonel Adam is now taking the adult gym group on a Tuesday. His
sessions are proving to be very popular and he has built up a large clientele within a short period of time.
Recreational gymnastics is still not al its pre-covid level, yet the waiting list is steadily increasing. There
are several reasons lor this but the main reason is lack of regular coaches. We have a number of students
who coach very effectively but they relurn home al the end of their university term. Unfortunately, their
term times don'l mirror ours, which are based on the local school terms. In an ideal world, we like our
gymnasts to enjoy conlinuily with their coaching.
The office stalf are under particular pressure as the amount ol administration is constantly increasing.
There has been a signilicanl increase in the number of people who do not pay their fees, which then
involves follow up invoices and emails. Sadly, for the first time ever we have had lo pursue people through
the court system. The irony is that when people come and talk lo us about any difficulties they have with
paying fees we are invariably able to lind a way lorward.
There aro far more children who slart recreational classes and after a short period ol lime stop Iheir
classes. often without telling us. This means that the spaces are then offered lo people on the waiting list.
with an inevitable delay, which means that there is aways a period of time when classes are running with
spaces, resulting in a loss of income. We have investigated why people are leaving and Ihere don't appear
lo be any obvious reasons other than a range ol different circumstances.

Plymouth Swallows School of Gymnastics
Registered number:
900367
Trustees, Report
Suzanne has organised and overseen the developmenl and inslallalion of our new web site, which has
been received very positively.
We are currently changing the charitable slatus ol Plymouth Swallows., we feel that by becoming an
incorporated charity we will lind il easier to altracl trustees as the personal financial liability is reduced.
When this process is complete, our founder, Daphne Leeworthy, will retire lully from the charity.
would like to lake this opportunity lo thank her lor her initiative. hard work and drive in setting up
Plymouth Swallows and it was a wonderful opportunity to be able lo celebrate her 90th birthday a number
of months ago.
Financial review
As outlined in the trustees, report and in line with many other charitable organisalions, the charity's
financial performance is adversely affected by the ongoing cost ol living crisis.
The charity is in the lortunale position of having substantial reserves to fall back on and the trustees are
therefore confident that the charity will weather these challenges.
Reserves
The trustees are aware that the charity may, al some time in the future, outgrow the premises from which
it currently operates. The accumulation of reserves is in response to this risk.
Alternative ways ol applying these funds lor the benefit ol the beneficiaries is being considered as the
likelihood ol using these funds on its premises diminishes.
As noted in the Financial Review, the currenl financial crises are adversely allecting the charity's finances,
but the charity's retained reserves are available to help offset this.
The trustees therelore consider the level of reserves appropriate for Ihe continuance of th8 charitls
activities.
Rlsk management
The trustees monitor and review the key risks lo which the charity is exposed and are satisfied thal
measures are put in place to manage those risks.
Specific issues alfecting the charity and the trustees, responses are highlighted above under
Achievements and Performance and Future Plans and the Financial Review.

Plymouth Swallows School ol Gymnaslics
Regislered number:
900367
Trustees. Report
Truslees, responsibilities in relalion to the tinancial statements
The charity trustees are responsible for preparing a Iruslees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practicel.
The law applicable to charities in England and Wales requires the charity trustees lo prepare financial
statements for each year which give a true and fair view ol the slate ol affairs of the charity and ol the
incoming resources and application ol resources ol the charity lor that period. In preparing the financial
statements, the trustees are required lo..
selecl suitable accounting policies and then apply them consistently.,
observe the methods and principles in the applicable Charities SORP;
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial stalemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible lor keeping proper accounting records that disclose with reasonable
accuracy at any tirlle the linancial position ol the charity and lo enable them to ensure that the financial
statements comply with the Charities Act 2011. the applicable Charities (Accounts and Reports}
Regulations, and the provisions of the trusl deed. They are also responsible for saleguarding the assets of
the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Iruslees are responsible for the tnainlenance and integrity ol the charity and financial information
included on the charity's website. Legislation in the United Kingdom governing the preparation and
dissemination ol financial statements may differ Irom legislation in other jurisdictions.
Mrs J M Caley
Trustee
Dale.. 2 January 2025

Plymouth Swallows School of Gymnastics
Independent Examiners, Report for Ihe year ended 31 July 2024
Independent Examlners, report to the trustees of
Plymoulh Swallows School of Gymnastics
I report lo the charity trustees on my examination ol the accounts of Ihe charity lor the year ended
31 July 2024.
Responslbllities and basls of report
As the charity's trustees you are responsible lor the preparation of the accounts in accordance with
the requirements ol the Charities Act 2011 I'lhe Act'l.
I report in respect ol my examination of the charity's accounts carried out under section 145 01 the
Acl and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515llbl ol the Acl.
Independent examiner's statement
The charily's gross income exceeded £250.000 and l am qualified lo undertake the examination by
being a qualified member of the Association of Chartered Certilied Accounlanls.
I have completed my examination. I confirm that no material matlers have come lo my allenlion in
connection with the examination which gives me cause lo believe Ihal in any material respect:
accounting records were not kept in respect ol the charity as required by section 130 01 the Act-
or
2. the accounts did not accord with those records,. or
3. the accoun15 did not comply with the applicable requirements concerning Ihe form and content
of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any
requiremenl that the accounts give a 'true and fair view, which is not a matter considered as part ol
an independenl examination.
I havè no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order lo enable a proper underslanding of the
accounts to be reached.
usan P Wills Bsc FCA FCCA CTA
For and on behalf ol=
Wills Accounlanls Limited
2 Endeavour House
Parkway Court
Longbridge Road
Plymoulh
PL6 8LR
Dale: 2 January 2025

Plymouth Swallows School of Gymnastics
statement of financial activllles
for the year ended 31 July 2024
Unrestrlcted Restricted
funds
funds
Total
2024
Total
2023
Notes
INCOMING RESOURCES
Donations and grants
450
4,500
4,950
1,750
Incoming resources from charitable activities
363,435
363,435
338.161
Income from other trading activities
7,025
7,025
10,227
Investment incorne
873
873
285
TOTAL INCOMING RESOURCES
371,783
4,500
376,283
350,423
RESOURCES EXPENDED
Expenditure on charitable activities
372,457
5,625
378.082
360,749
Cost of raising funds
4,390
4,390
8,015
TOTAL RESOURCES EXPENDED
376.847
5,625
382,472
368.764
NET INCOMINGI(OUTGOING) RESOURCES
15,0641
11,1251
16,189}
(18,3411
trieconclllatlon of funds
FUNDS BROUGHT FORWARD
329.189
8,292
337.481
355,822
FUNDS CARRIED FORWARD
324.125
7,167
331,292
337.481
The statement of financial activities includes all gains and losses recognised in the year.
All income and expendilure derives from conlinuing activities.

Plymoulh Swallows School ol Gymnaslics
Statement of financial position
as at 31 July 2024
Notes
2024
2023
FIXED ASSETS
Tangible assels
196,239
187.120
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
12
13
4,014
4,896
143,620
152.530
3,352
4,520
153,899
161,771
CREDITORS: arnounls falling due
within one year
14
117,4771
111,4101
NET CURRENT ASSETS
135.053
150,361
NET ASSETS
331,292
337,481
FUNDS
Unrestricted funds
Restricled funds
324.125
7,167
329.189
8,292
TOTAL FUNDS
18
331.292
337,481
Mrs J M Caley
Trustee
stee
Dale.. 2 January 2025

Plymouth Swallows School of Gymnastics
Notes to the Accounts
tor the year ended 31 July 2024
Accounting policies
Basis ofpreparation
Plymouth Swallows School ol Gymnastics is an unincorporated trust conslituled in England. The
principal office address is sel out in the Trustees, Report. The nature ol the charity's operations
and principal activities are lo provide gymnastics coaching through the education ol young persons
who are pupils al schools. universities or other cenlres.
The charity conslitules a public bellelit entity as defined by FRS 102.
The linancial slalements have been prepared in accordance with FRS 102, Accounting and
Reporting by Charities". Slalemenl ol Recommended Practice applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
ol Ireland issued in October 2019, the Charitie5 Act 2011 and UK Generally Accepted Aceounling
Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a
cash flow slalemenl.
Al the lime ol approving the financial slalernenls, the Iruslees have reasonable expeclabon that
the charity has adequate resources to continue in operation lor the foreseeable lulure. The
financial slalements have Ihereftsre been prepared on a going concern ba51S.
The financial statements are presented in sterling which is the functional currency ol the chaiity
and rounded lo the nearest £1.
The accounts have been prepared on the historical cost convention. The signilicanl accounling
policies applied in the preparation ol these financial statements are set out below.
Fund accounting
General reserves are unreslricled funds which are available for use at the discretion ol the
trustees in furtherance ol Ihe general objectives of the charity and which have not been designated
lor other purposes.
Restricted funds are funds which afe lo be used in accordance with specilic reslriclions imposed
by donors or which have been raised by the chality for a particular purwse.
In¢oming resources
All incoming resources are included in the SOFA when the charity is legally entitled lo the income
and the amount can be quantified with reasonable accu¥acy. Grants receivable are included in the
accounts when the appropriate amounts have been Quantified. Grants in respect ol tixed assets
are credited to income.
Income received in advance ol membership periods is deferred until the criteria lor income
recognition are mel.
Resources expended
All expenditure is accounted lor on an accfuals basis and has been classified ullder headings that
aggregate all Costs related lo that category. Where costs cannot be directly attribuled lo a
particular heading they have been allocated lo aclivilies on a basis consisteat with use ol the
resources.
Expenditure includes irrecoverable VAT where charged.

Plymouth Swallows School ol Gymnastics
Noles to the Accounts
for the year ended 31 July 2024
Tangible fixed assets
Tangible lixed asseis are initially recorded at cost and subsequently measured al cost, nel ol
depreciation and any impairment losses.
Depreciation has been provided al the following raies in order to write off the assets over their
eslimaied useful lives.
Land and buildings
Equipment
2•/u 51raighl line
10°/.. 15°/ts or 25Vo slraighi line
Slocks
Stock is valued at the lower of cost and net realisable value.
Debtors and credilors
All debtors and crediltsrs are recorded al transaction price.
Cash and cash equlvalents
Cash and cash equivalents comprises cash in hand and deposits held at call wilh bank5.
Penslons
The company operates a defined contribution pension scheme. Contributions are charged lo the
profil and loss account as they become payable in accordance with the ru18s ol the scheme.
Volunteers
The linancial value of the eontTibulion of volunteers lo the work ol Ihe charity is not recognised in
the accounts.
2 Donallons and grants
2024
2023
Donations reslricled (see note 181
Training grant
4,500
450
500
1,250
4,950
1.750
Incoming resources from charitable activltles
Operation olgymnaslics club
Fees
Fundraising
Holiday gym
Pre school lees
Contribution lo coaches. wages
Adult gym
Venue hire
Ballet
Profit on disposal ol lixed assets
2024
2023
311,184
10.485
1.135
34,574
294,936
2.682
936
27,825
1,033
7.663
2,426
160
500
3.157
2.745
155
363,435
338,161

Plymouth Swallows School of Gymnastics
Notes to the Accounts
lor the year ended 31 July 2024
Expenditure on charilable activities
Operation olgymnastics club
Direct costs ol charitable activities Isee note 51
Governance cosls15ee note 61
2024
2023
330.322
47.760
313.211
47,538
378,082
360,749
5 Direct costs ol charilable aclivilies
2024
2023
BGA insurance
Repairs and maintenance
Rates
Rent
Cleaning
325
9.490
1,802
5,204
6.146
4.179
1.484
21,925
2.434
12,598
1.152
514
4.948
766
5,131
2.384
8,083
4,426
9,789
6,486
15,397
2,791
10,585
528
324
5.984
1,087
60
257,267
Net competitions cost
Depreciation
Subscriptions and licences
Bank charges
Sundry expenses
Postage and stationery
Insurance - charity
Telephone
Fund raising costs
Stall Costs (see note 101
240.244
330.322
313.211
6 Governance costs
2024
2023
Independent examiner remuneration
lor independent examination work
lor other work
Administration lees
Staff Costs (see note 101
1,500
1.350
46.260
46,188
47,760
47.538
7 Merchandlslng Income and expenses
2024
2023
Sales ol clothing and badges
Cosl ol sales, adjusted for stock
7.025
14.3901
10,227
18.0151
Nel incomellcostl from meTchandising
2,635
2,212
Inveslmenl Income
2024
2023
Bank interest Teceived
873
285
873
285
10

Plymouth Swallows School ol Gymnastics
Notes to the Accounts
for the year ended 31 July 2024
9 Truslee remuneralion and expenses
No Iruslee. acting in their capacity as a Iruslee. received or waived any emoluments during the
year12023'. nill.
The charity reimburse5 incidental expenses paid on ils behalf by the trustees.
10 Stafl costs
2024
2023
Wages and salarie5
Staff training
Pension Idelined conlribulionl costs
Social security costs
Other stall costs
280,838
1.775
6.222
14.046
646
264,552
1.848
5,935
12.876
1.221
303,527
286,432
AIIDcaled to..
Oirecl costs ol charitable activities
Governance costs (based on actual expendilurel
257,267
46,260
240,244
46,188
303,527
286,432
Average number ol staff
23
23
Number of staff with emolumenis in ex¢ess of £60,000
11 Tanglble fixed asselg
Buildings
Equipment
Total
Cost
Al 1 August 2023
Additions
178,592
192.987
24.516
217,503
371.579
24,516
396.095
At 31 July 2024
178,592
Depreclalion
At 1 Augus12023
Charge lor the year
At 31 July 2024
51,222
3,572
54.794
133,237
11.825
145.062
184,459
15.397
199.856
Net book value
At 31 July 2024
123,798
72,441
196,239
Ai 31 July 2023
127,370
59.750
187.120
The charity occupies the land upon which the buildings it operates from are sited. on a long
leasehold basis, subject lo the payment ol ground rent.

Plymouth Swallows School of Gymnastlcs
Notes to the Accounts
for the year ended 31 July 2024
12 Stocks
2024
2023
Clothing and badges lor resale
4,014
3,352
4,D14
3,352
13 Debtors
2024
2023
Prepayments
4.896
4,520
14 Croditofs: amounts falllng due within one year
2024
2023
Acorua15
Fee income Isubscriptionsl received in advance
Other creditors
16,833
644
8,600
1.810
1.000
11.410
17,477
15 Penslon commitments
The company operates a defined contribution scheme. The contributions due lo the scheme are
disclosed within the stall costs note.
16 Operallng lease commitrnents
2024
2023
The total future minimum lease payments under non-eancellable
operating leases are as lollows=
Amounts payable:
wiihin Dne year
within two lo live years
in over five years
5.412
21,648
351.780
5.204
20,816
343,464
378.840
369,484
17 Related party Iransactlons
Included within creditors due under one year is an amounl ol £nil12023.. £1,000) borrowed from R
Leeworthy, a close family rnember of D Leeworthy. The loan is unsecured. interest free and
repayable on demand.
12

Plymouth Swallows School ot Gymnastics
Notes to Ihe Accounts
for the year ended 31 July 2024
18 Analysis of funds
The reslricled fund balance represents grants from donors, as detailed below. towards the costs ol
gymnasium equipment. The equipment is being depreciated in line with the charity's accounting
policy and the unreslricled luTrds balance represents the nel carrying value of the equipment.
All other funds are unreslricled funds, none of which are designated.
The fund movements and reconciliation between opening and closing balances are shown on the
Statement ol Financial Aclivilies.
2024
Balance at
start dale
Balance al
end date
Ineome
Expenditure
Restrlcted lunds
Revenue grants
SWAGA - hand railslbars
Private donation - gym floor
DAGA - springboard
4,500
14,5001
7.917
375
8,292
11.0001
11251
15.6251
6,917
250
7,167
4,500
Unrestricled lunds
329.189
371,783
1376.8471
324,125
Total funds
337,481
376.283
1382.4721
331,292
2023
Balance at
start dale
Balance at
end date
Incom•
Expenditure
Restrlcted funds
SW AGA - hand railslbars
Privaie donation - gym floor
DAGA - springboard
94
8.917
1941
11,0001
11251
11,2191
7.917
375
8.292
500
500
9.011
Unrestrleted funds
346.811
349.923
1367,5451
329.189
Tolal funds
355.822
350,423
1368,7641
337.481
19 Analysis of net assels between funds
2024
Restricted
funds
Unrestrlcted
lunds
Total
Fixed assets
Stocks
Cash at bank
Debtors
Creditors
7.167
189,072
4.014
143,620
4.896
117.4771
196.239
4.014
143,620
4,896
{17,4771
7.167
324,125
331.292
2023
Restrlcied
funds
Unrestricted
lunds
Total
Fixed assets
Stocks
Cash al bank
Debtors
Creditors
8,292
178.828
3,352
153,899
4,520
111,4101
187,120
3.352
153.899
4,520
111,4101
8,292
329,189
337.481
13