Registered charity number 900367
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Plymouth Swallows School of Gymnastics
Report and Accounts
31 July 2025
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## **Plymouth Swallows School of Gymnastics Report and accounts Contents**
||**Page**|
|---|---|
|Trustees report|1|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Statement of financial position|7|
|Notes to the accounts|8|
**Plymouth Swallows School of Gymnastics Registered number: 900367 Trustees' Report**
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 July 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "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 with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
## **Reference and administrative details**
Charity name The charity is known as 'Plymouth Swallows School of Gymnastics'. Charity number 900367 Principal office The Gymnasium Contact address 24 Hartley Park Gardens Blunts Lane Plymouth Derriford PL3 5HU Plymouth PL6 8BE
## **Trustees**
D Leeworthy President J Caley Chairman R Murray Treasurer Dr. J K Fisher A Stacey
## **Accountants and independent examiner**
Wills Accountants Limited Chartered Certified Accountants 2 Endeavour House Parkway Court Longbridge Road Plymouth PL6 8LR
## **Bankers**
Lloyds Banking Group 37 Ridgeway Plympton Plymouth PL7 2AP
1
**Plymouth Swallows School of Gymnastics Registered number: 900367 Trustees' Report**
## **Structure, 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 affairs.
Trustees are invariably drawn from a cross section of volunteer parents who are appointed at any general meeting of the charity. In recruiting new trustees, the trustees have regard to the skills and knowledge that new trustees can bring to the board.
## **Objectives and activities**
The objective of the charity is to provide quality gymnastic coaching through the education of young persons who are pupils at schools, universities or other centres.
## **Public benefit statement**
The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities.
## **Achievements and performance and future plans**
The last financial year (August 1st 2024- 31st July 2025) has been a year of ups and downs, successes and challenges.
Both the women's (WAG) and men's (MAG) have had real successes and it is lovely to see so many "older" gymnasts still actively involved and successfully competing at a high level. There have been disappointments, for example Ruby was unable to participate in the selection process to represent her country due to a car accident enroute to Lilleshall . Thankfully she was uninjured but obviously very shaken. Most gymnastics club find that their older gymnasts leave the sport as they approached GCSE's etc but we have been immensely lucky to retain good numbers, this in turn acts as a great inspiration to the younger children starting out on their gymnastic journey.
The recreational classes are still very popular and oversubscribed and there is still a certain amount of churn through the classes with children leaving, changing classes etc. Robin and the office do a magnificent job in trying to keep the classes as full as possible. The Rec Competition was very well supported and great fun - it was great to have such positive feedback.
Adult gym has gone from strength to strength and Lloyd is in constant demand for advice and guidance.
Pre-school and Come and Play continue to be popular with new children joining all the time.
We offer two types of classes for pre-school:
The first is totally coach led and parents have no involvement and these sessions tend to have two coaches. The second is coach led but the parents join in at certain points to work with their children, this means that the children and their parents are learning skills. Both types of classes are equally important and popular.
This year has also seen a number of our key staff leave. We said a sad goodbye to Suzanne in the spring as she began her retirement. We interviewed for the post and were delighted to welcome Kristin Farrelly back to Swallows, she had been a men's coach a few years ago so not only did we get a lovely replacement for Suzanne but a coach as well. Kristin has willingly stepped into the coaching breach on a number of occasions, which has been invaluable. Kristin has already made some useful and valuable changes to our systems which have been well received.
2
**Plymouth Swallows School of Gymnastics Registered number: 900367 Trustees' Report**
In June we received Adam's resignation and he left at the end of the month to join a nearby gym. Sadly, several boys followed him which has left an imbalance in the age range of the gymnasts.
Finances have been tight this year and the cost of staffing, PAYE and pensions have impacted significantly. Although income has increased the expenditure has also increased significantly. Kristin has put in place money saving policies which we should soon see the benefit of. I think it is a case of continuing to be prudent and make sure our outgoing are minimalised.
All the staff are working hard to make Plymouth Swallows a successful club bringing gymnastics to all age groups and abilities and at a price they can afford but if we are to succeed we will need to increase fees although we will keep the increase to a minimum.
My sincere thanks to the Swallows team who work incredibly hard, often unsocial hours and regularly freely give their time for the benefit of the gymnasts.
## **Financial review**
As outlined in the trustees' report and in line with many other charitable organisations, the charity's financial performance is adversely affected by the ongoing cost of living crisis.
The charity is in the fortunate 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, at 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 of applying these funds for the benefit of the beneficiaries is being considered as the likelihood of using these funds on its premises diminishes.
As noted in the Financial Review, the current financial crises are adversely affecting the charity's finances, but the charity's retained reserves are available to help offset this.
The trustees therefore consider the level of reserves appropriate for the continuance of the charity's activities.
## **Risk management**
The trustees monitor and review the key risks to which the charity is exposed and are satisfied that measures are put in place to manage those risks.
Specific issues affecting the charity and the trustees' responses are highlighted above under Achievements and Performance and Future Plans and the Financial Review.
3
**Plymouth Swallows School of Gymnastics Registered number: 900367 Trustees' Report**
## **Trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:
- select 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 statements;
- 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 for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Mrs J M Caley Trustee
Date: 6 December 2025
4
## **Plymouth Swallows School of Gymnastics Independent Examiner's Report for the year ended 31 July 2025**
## **Independent Examiners' report to the trustees of Plymouth Swallows School of Gymnastics**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2025.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:
1.accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts did not accord with those records; or
3.the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have 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 to enable a proper understanding of the accounts to be reached.
Philip W Soutter FCCA, ATT
For and on behalf of: - Wills Accountants Limited 2 Endeavour House Parkway Court Longbridge Road Plymouth PL6 8LR
Date: 6 December 2025
5
## **Plymouth Swallows School of Gymnastics Statement of financial activities for the year ended 31 July 2025**
|**Notes**
**INCOMING RESOURCES**
Donations and grants
2
Incoming resources from charitable activities
3
Income from other trading activities
7
Investment income
8
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Expenditure on charitable activities
4
Cost of raising funds
7
**TOTAL RESOURCES EXPENDED**
**NET INCOMING/(OUTGOING) RESOURCES**
**Reconciliation of funds**
FUNDS BROUGHT FORWARD
**FUNDS CARRIED FORWARD**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
**2025**
**£**
**£**
**£**
-
2,600
2,600
374,041
-
374,041
6,319
-
6,319
1,653
-
1,653
382,013
2,600
384,613
405,383
3,725
409,108
4,071
-
4,071
409,454
3,725
413,179
(27,441)
(1,125)
(28,566)
324,125
7,167
331,292
296,684
6,042
302,726|**Total**
**2024**
**£**
4,950
363,435
7,025
873
376,283
378,082
4,390
382,472
(6,189)
337,481
331,292|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
6
## **Plymouth Swallows School of Gymnastics Statement of financial position as at 31 July 2025**
|**Notes**
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Stocks
12
Debtors
13
Cash at bank and in hand
**CREDITORS:**amounts falling due
within one year
14
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
Unrestricted funds
Restricted funds
**TOTAL FUNDS**
17|**2025**
**£**
**£**
183,521
4,417
10,555
111,165
126,137
(6,932)
119,205
302,726
296,684
6,042
302,726|**2024**
**£**
**£**
196,239
4,014
4,896
143,620
152,530
(17,477)
135,053
331,292
324,125
7,167
331,292|
|---|---|---|
Mrs J M Caley Trustee Mr R Murray Trustee
Date: 6 December 2025
7
**Plymouth Swallows School of Gymnastics Notes to the Accounts for the year ended 31 July 2025**
## **1 Accounting policies**
## _**Basis of preparation**_
Plymouth Swallows School of Gymnastics is an unincorporated trust constituted in England. The principal office address is set out in the Trustees' Report. The nature of the charity's operations and principal activities are to provide gymnastics coaching through the education of young persons who are pupils at schools, universities or other centres.
The charity constitutes a public benefit entity as defined by FRS 102.
The financial statements have been prepared in accordance with FRS 102, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement.
At the time of approving the financial statements, the trustees have reasonable expectation that the charity has adequate resources to continue in operation for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
The accounts have been prepared on the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below.
## _**Fund accounting**_
General reserves are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for a particular purpose.
## _**Incoming resources**_
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Grants receivable are included in the accounts when the appropriate amounts have been quantified. Grants in respect of fixed assets are credited to income.
Income received in advance of membership periods is deferred until the criteria for income recognition are met.
## _**Resources expended**_
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with use of the resources.
Expenditure includes irrecoverable VAT where charged.
8
## **Plymouth Swallows School of Gymnastics Notes to the Accounts for the year ended 31 July 2025**
## _**Tangible fixed assets**_
Tangible fixed assets are initially recorded at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land and buildings 2% straight line Equipment 10%, 15% or 25% straight line
## _**Stocks**_
Stock is valued at the lower of cost and net realisable value.
## _**Debtors and creditors**_
All debtors and creditors are recorded at transaction price.
## _**Cash and cash equivalents**_
Cash and cash equivalents comprises cash in hand and deposits held at call with banks.
## _**Pensions**_
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
## _**Volunteers**_
The financial value of the contribution of volunteers to the work of the charity is not recognised in the accounts.
|**2**
**Donations and grants**
Donations - restricted (see note 17)
Training grant
**3**
**Incoming resources from charitable activities**
_Operation of gymnastics club_
Fees
Fundraising
Holiday gym
Pre school fees
Adult gym
Venue hire
Ballet|**2025**
**£**
2,000
600
2,600
**2025**
**£**
315,613
4,427
2,596
39,324
7,534
4,392
155
374,041|**2024**
**£**
4,500
450
4,950
**2024**
**£**
311,184
10,485
1,135
34,574
3,157
2,745
155
363,435|
|---|---|---|
9
## **Plymouth Swallows School of Gymnastics Notes to the Accounts for the year ended 31 July 2025**
|**4**
**Expenditure on charitable activities**
_Operation of gymnastics club_
Direct costs of charitable activities (see note 5)
Governance costs (see note 6)
**5**
**Direct costs of charitable activities**
Repairs and maintenance
Rates
Rent
Cleaning
Utilities
Net competitions cost
Depreciation
Disposal of fixed assets
Subscriptions and licences
Bank charges
Sundry expenses
Postage and stationery
Insurance - charity
Telephone
Advertising and marketing
Fund raising costs
Staff costs (see note 10)
**6**
**Governance costs**
Independent examiner remuneration -
for independent examination work
for other work
Administration fees
Staff costs (see note 10)
**7**
**Merchandising income and expenses**
Sales of clothing and badges
Cost of sales, adjusted for stock
Net income/(cost) from merchandising
**8**
**Investment income**
Bank interest received|**2025**
**£**
360,814
48,294
409,108
**2025**
**£**
5,055
1,831
5,504
6,526
11,393
734
15,486
100
3,169
10,018
5,242
120
6,511
1,749
3,228
2,669
281,479
360,814
**2025**
**£**
1,530
-
-
46,764
48,294
**2025**
**£**
6,319
(4,071)
2,248
**2025**
**£**
1,653
1,653|**2024**
**£**
330,322
47,760
378,082
**2024**
**£**
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
330,322
**2024**
**£**
1,500
-
-
46,260
47,760
**2024**
**£**
7,025
(4,390)
2,635
**2024**
**£**
873
873|
|---|---|---|
10
## **Plymouth Swallows School of Gymnastics Notes to the Accounts for the year ended 31 July 2025**
## **9 Trustee remuneration and expenses**
No trustee, acting in their capacity as a trustee, received or waived any emoluments during the year (2024: nil).
The charity reimburses incidental expenses paid on its behalf by the trustees.
|**10 Staff costs**
Wages and salaries
Staff training
Pension (defined contribution) costs
Social security costs
Other staff costs
Allocated to: -
Direct costs of charitable activities
Governance costs (based on actual expenditure)
Average number of staff
Number of staff with emoluments in excess of £60,000
**11 Tangible fixed assets**
**Buildings**
**£**
**Cost**
At 1 August 2024
178,592
Additions
-
Disposals
-
At 31 July 2025
178,592
**Depreciation**
At 1 August 2024
54,794
Charge for the year
3,572
On disposals
-
At 31 July 2025
58,366
**Net book value**
At 31 July 2025
120,226
At 31 July 2024
123,798|**2025**
**£**
301,240
4,155
6,927
14,577
1,344
328,243
281,479
46,764
328,243
24
-
**Equipment**
**£**
217,503
2,867
(4,163)
216,207
145,062
11,914
(4,064)
152,912
63,295
72,441|**2024**
**£**
280,838
1,775
6,222
14,046
646
303,527
257,267
46,260
303,527
23
-
**Total**
**£**
396,095
2,867
(4,163)
394,799
199,856
15,486
(4,064)
211,278
183,521
196,239|
|---|---|---|
The charity occupies the land upon which the buildings it operates from are sited, on a long leasehold basis, subject to the payment of ground rent.
11
## **Plymouth Swallows School of Gymnastics Notes to the Accounts for the year ended 31 July 2025**
|**12 Stocks**
Clothing and badges for resale
**13 Debtors**
Prepayments
**14 Creditors: amounts falling due within one year**
Other taxes and social security costs
Accruals
Fee income (subscriptions) received in advance
Other creditors|**2025**
**£**
4,417
4,417
**2025**
**£**
10,555
**2025**
**£**
3,831
1,530
400
1,171
6,932|**2024**
**£**
4,014
4,014
**2024**
**£**
4,896
**2024**
**£**
-
16,833
644
-
17,477|
|---|---|---|
## **15 Pension commitments**
The company operates a defined contribution scheme. The contributions due to the scheme are disclosed within the staff costs note.
|**16 Operating lease commitments**
Amounts payable:
within one year
within two to five years
in over five years
The total future minimum lease payments under non-cancellable
operating leases are as follows: -|**2025**
**£**
6,494
25,978
415,642
448,114|**2024**
**£**
5,412
21,648
351,780
378,840|
|---|---|---|
12
## **Plymouth Swallows School of Gymnastics Notes to the Accounts for the year ended 31 July 2025**
## **17 Analysis of funds**
The restricted fund balance represents grants from donors, as detailed below, towards the costs of gymnasium equipment. The equipment is being depreciated in line with the charity's accounting policy and the unrestricted funds balance represents the net carrying value of the equipment.
All other funds are unrestricted funds, none of which are designated.
The fund movements and reconciliation between opening and closing balances are shown on the Statement of Financial Activities.
|**2025**
**Balance at**
**start date**
**£**
**Restricted funds**
Revenue grants
-
SWAGA - hand rails/bars
-
Private donation - gym floor
6,917
DAGA - springboard
250
7,167
**Unrestricted funds**
324,125
**Total funds**
331,292
**2024**
**Balance at**
**start date**
**£**
**Restricted funds**
Revenue grants
-
SWAGA - hand rails/bars
-
Private donation - gym floor
7,917
DAGA - springboard
375
8,292
**Unrestricted funds**
329,189
**Total funds**
337,481
**18 Analysis of net assets between funds**
**2025**
Fixed assets
Stocks
Cash at bank
Debtors
Creditors
**2024**
Fixed assets
Stocks
Cash at bank
Debtors
Creditors|**Income**
**£**
2,600
-
-
-
2,600
382,013
384,613
**Income**
**£**
4,500
-
-
-
4,500
371,783
376,283
**Restricted**
**funds**
**£**
6,042
-
-
-
-
6,042
**Restricted**
**funds**
**£**
7,167
-
-
-
-
7,167|**Expenditure**
**£**
(2,600)
-
(1,000)
(125)
(3,725)
(409,454)
(413,179)
**Expenditure**
**£**
(4,500)
-
(1,000)
(125)
(5,625)
(376,847)
(382,472)
**Unrestricted**
**funds**
**£**
177,479
4,417
111,165
10,555
(6,932)
296,684
**Unrestricted**
**funds**
**£**
189,072
4,014
143,620
4,896
(17,477)
324,125|**Balance at**
**end date**
**£**
-
-
5,917
125
6,042
296,684
302,726
**Balance at**
**end date**
**£**
-
-
6,917
250
7,167
324,125
331,292
**Total**
**£**
183,521
4,417
111,165
10,555
(6,932)
302,726
**Total**
**£**
196,239
4,014
143,620
4,896
(17,477)
331,292|
|---|---|---|---|
13