Comp•ny regl•tr¥tlon number CS00495318¢otlandl Charlty r•gl•tratlon numbgr SC050631 IScolland} FLAIR GYMNASTICS CLUB ANNUAL REPORT ANO UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
FLAIR GYMNASTICS CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trustees Nlwla Mack3y Carole Mcclure Iliam Srntth Alleen Ward Chgrfty numbev (Scotlandl SC050631 Company number CS0043 R•ghtw•d oftlc• 137 Shawbridge Street Glasgow United Klngdorn G431QQ Indepond•nl ¢xamlner Frank Walker 2 Woodside Place Gl88gow G8 7QF
FLAIR GYMNASTICS CLUB CONTENTS Pau• Trustees, report Indgp¢ndent gxamlnerfs report ststement of flnand81 actlvttle8 Balance sh•et Notes to the flnanc4al Btglgmenls 9-17
FLAIR GYMNASTICS CLUB TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEM8ER 2025 TRUSTEES'ANNUAL REPORT FOR THE PERIOD ENDED 30TH SEPTEMBER 2025 The trustèe$ are pleased to ps&t their report together vrith the flnan¢ial statements forthe above period. REFERENCE AND AOMINISTRATIVE INFORMATION Charlty Nam&: F181r Gymnaslcs Club Charfty No: SCO50631 Addre8S: 137 Shawbiidge Slr9et, Glasgow, G43 1QQ Trusleos: Nlcola Maekay IChalrpersonl-Appointed 23rd March 2022 Carole Mcclure {Secretaryl-Appoint8d 19thS8pt9mber 2020 William Smlth ITreo8urer}-Appolnted 19th September 2020 Aileen VVard-Appointed 22nd October 2023
FLAIR GYMNASTICS CLUB TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 STRUCTURE, GQVERNANCEAND MANAGEMENT Constitutlon The Charity 15 a SCIO, registered on 161h December 2020. It has 3 slngle-tier structure where truslees are al80 membars. Charltablè Purpose5 To encourage publk p•rtJcipation In sport and advance the practice of gymnA8cS to Improve heallh, qualty of Ilfe, and opportunity. To advance education by supporting Indniiduals In expandlng 6kllls, knowledge, and qualiflcalons through spL To provide sports facilities to promote partlcipatlon in gymna8tics Appolntrnent of Tru8tees Trustees are appointed thTough board decisions and must undergo PVG cl¢arance. The board rneets regularfy. with a rnlnimum of 3 and a maximurn of 7 trustees. Decblons are m8de by malorty vote. with the chair holdlng g castlng vote when necessary. OBJECTIVESAND ACTIVITIES Club Achlevaments This year saw a new generatSon of SUCsS for the club in its competitive secllons, with Cara Mcclure becoming ur next repreSentate on the Scotland tearn for NDP Fimals at Performance 1 ÈS the standout highlight of this period. Our Artistic and Floor & Vaull Squads 8¢hieved an incredible amount of medals al natlonal events throughout the ye8r whlle conlinulng to climb the competiiSve pathway into its hlghest level3, solidfylng our profile as a centre for development of hSuh*ualily gymnastics. We also reached new heights In our membership and capadty. surpassing 750 gymna8ts attendlng each week for the first lime thanks lo continuèd investment In developlnu our coachlng team and tnaKirnising our class timetable to ensure that we provide as many platss a5 P0S5ible for all ages & abilthes lo access gymTiastics In our facility, CLUB ACTIVITIES AND GRoTH Al the end of Septsmber 2025, the club had reached maximum current c8P8¢tty, wth 763 gyrnnagt9 8ttending weekly dasses across a broad and induslve programme.. 85 in Pr&School classes 554 in Stage 1-4 Recreafjonal Gymn88dcs 34 in Boy5, Gymnastics 26 in Senlor & Adult Gymnastic¥ 25 In Floor & Vault Squads 39 In ArtlstSc Squ8ds Th18 yearfs strong growth was not ju51 In tetTns of number of places available., we 8150 launched a new Dlsplay Team to offer a dlffer8nt patIaY for our recreabonal members to oxplore, whth comblne8 their gymna5Ics skills with group balan, dance & forMatn work lo create routines that showcase their abllity 81 event8 auoss the country- and hopefulty beyond, In years to Me. Our annual Club Champlonshlps event W85 our blgg8St and best yet, bnging together every part of the club lor weekend celebrating their progress and displaying their fantastic skills. It was also our most succBssful fundraising eveni so far, wilh an arnazing £7,932 earned via Ihe ettorts of our hardwoTking volunteer tsgm offering games, 8Ctivities, stalls and refreshments for the whole weekènd. February 2025 also rnarked a new mi165tone for our compet1Ve 8ection, wilh our first attendane8 al a dub competilon outside tsf SlIand., 7 of our squad memb2r8 along wlth Ihelr coaches & parents travelled to the Notts Opèn and came back lots of medals, valuable experience and incredible memories lo savour. Once again our school hollday camps proved to be incredibty popular throughout the year, with 346 oddltlonal gymna8tS 8ttendlng during these weeks. demonstratlng how huge the demand for gymn85tics remalns even desplte us strlving to increase our capaaty to Its max.
FLAIR GYMNASTICS CLUB TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 FACILITY IMPROVEMENTS An eady exriling arrlv81 Ihis year w8$ our portable foam plt. which has made a hug8 impact on our abllity to traSn our gymnasts, hlgh-level skills safety wrth far greater efficiency, as well as glving 811 of our recrealonal mernbers load of new lun setUP5 in Ihelr da$$e8 tool W8 also invested carefully in 4ddSUonal blocks and mattlng, as well 05 small apparatus, to continu6 to hdp us Increase the amount of options 8vailable to accommodate more gymnast5 in the gyTn each day wittiout sarfiryng the amount ol time they 8re actively le8ming and enjoying thelr sport. Total spend across the year w85 £17.294 and has prov6d to be hugety beneficial for all of our members and coachos 80 far. Conlnued inv8Strnent wll be required next year to maintaln the hlgh standards we have Set and to keep the gym environment perfomiing at It$ best, with the majority of our equipment now reathing 5+ years of SeIce. Thi5 has been f8¢tOTed into next yearfs financial plannlng.
FLAIR GYMNASTICS CLUB TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED FOR THE YEAR ENDED 30 SEPTEAIBER 2025 TEAM DEVELOPMENT A signhlcant addition lo Ihe Club learn was made In Novernber 2024. with the recruitment Df our first fu114ime Adrninistratlve Coordlnator. This has transfomied the structure and workload involved in operafjng the club 8nd provided immens? support to the menagement team In dedicaing their focus lo thg delivery of the gymnasllcs progiamme. W8 also conllnued to expand ond develop our coachlng team.. 2 coaches pa¥Ucipaled in the Club Culture Development Programm• run by Scottish Gymnastics 4 eoaches attended Scottish Gymnastics, Ragional Pathway cllnlcs 3 coach•¥ gained thèlr Level 1 qUal¢31105 CHALLENGES As aays, the winter peTlod land January in partlcularl proved challenging for the dub, wilh unplanned do8ures due to snow 8nd low temperatures requirlng slgnlficant refund8 to members. The club has done everythlng in 118 power to prevent these wthin the bound5 of our control, and will continue to explore options lo reduce th¢ impact of cold weather on our operalons golng fo8rd. Our stsff team also changed dramatically durfng this annual period,. longstandlng seniDI members, Including our two Team Managers. stepped back trom their roles to pursue new career palhway5, and key ry?aches moved on from the club. in some cases wrth gymnasts following them and requlring Inlemal iestTUCturing withln our squads. This has p3ved the way for new opportunitle5 to be available to Current team members looking to step up, as well &s recruilment opportUneS for hlgher4evel personnel to join our team. Both are belng actlvely pursued going into our next annu81 peiiod. FINANCIAL REVIEW The Statement of Finanaal ACUv.eS and the Balance Sheet are set oul In the pages below. Our tnmin source of income was by way of membership and competition fees. plus evenl income. Total Income for 2024-25 was £460,849. Thi5 vras an increase on 2023-24 income of £377,504. This increase is mainty due to the increase in number of gymnasts attending throughout the year. Expenditure In the year was £442,207 compared wSth £383.827 previously. As a result, a pfofft 01 £18.642 was realls8d. Re8eNè¥ Pollcy The truste&s are aware they have a duly to identify and rev18W the charity's reserves and ensure they do not fa below a level whith would enable the chmrity lo continue rts day-to-day activities. They believe that resetwes should be at least the equivalenl of threè months annual costs. Based on an eslmaled annual expenditure of £427,357 Icuvrent StS less depreclatlonl, we would require £106,839.25. Current reserves fall Short of IhS5. APPROVAL Te fin8ndal statements were approved by the Board of Trustee8 and authorfs¢d for issue on 19th June 2026 and were Signad on its behalf by.. Signed..
FLAIR GYMNASTICS CLUB TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2025
FLAIR GYMNASTICS CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FLAIR GYMNASTICS CLUB I report on th8 financ181818lements ol the Charity for the year ended 30 September 2025. whlth are sel out on pages 6 to 17. R•8pectlve re•ponslbllities of trusteas and examlner The charty twstees (who 8Te also the directors of Flair Gymna515cs Club for the purposes of cotnpany 18wl are responslble for the preparation of the financlal statementt in accordance with the terms of the Charities and Trustee Investment (Scollandl Act 2005 and the Charities Accounts IS¢oUandl Regulati)n8 2006.The Charty tnjstees consid6T that the audlt requirement of Regulation 1011llal-Icl of the Chariknes Accounts Iscouandl Regulations 2006 does nol app. It Is my responslbility to examlne the finandal stalernenls as required under $9dion 4411 Ilcl of the Charities and Trustee Investment (Scotlandl Act 2005 and to stata uthèther partt¢ular matters have come to my attentlon. Ba81s of Independ•nt examln•r's 8tatem&nt My eKaminalSon Is carried out in accordance wrfh Regulatlon 11 of the Ch8ritle8 Accounts (Scotlandl Regulations 2006. An examinatlon Indudes a revlew of the accounting record5 kept by the charity and a cotnparison of thè financial statements presented with those records. It also includes Consideration of any unusu81 items or d15cIoBuTes in the financial statements, and seeking explanats'ons from the twstee5 concerning any such matters. The Procedu8 vndertaken do not provide all the evidence that would be required In An audA. and consequently I do not express an audft oplnlon on the vlew given by the finAnelal statement5. Independent •xamIne3 statement In the course of my examlnatSon, no matter has come to rny attentlon 1. whlch gives me reasonable cause to believe that in any mat8rfal respect the requlr8men¢S.' to keep accounting records in accordan¢e th Sectlon 4411llal ol the Charities and Trustee Investment Iscouandl Act 2005 and Regulation 4 of th8 Charities Accoun15 (Scotlandl RegulaUon8 2006, and lo prepare financlal statement5 whlch accord wrth Ihe 8ccounilng records and comply wlth RegulaUon 8 of the CharItS Accounts {Sco118ndl Regulatsons 2006 have not been met, or 2. to whlch, in my oplnion, attentkn should be drawn in ordar lo enabl6 a proper und6r$l¥nding of the fln8nclal statements lo be reachèd. Frnnk Walk 19 June 2028
FLAIR GYMNASTICS CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrestrlctg(l Re6trlct•tt fund8 fvnds 2025 2025 Total Unr•8tricted R•stri¢ted funds funds 2024 2024 Total 2025 2024 Nota8 Income from: Charitable aciivlues Olher trading ath"vlli8s 460,477 372 460,477 372 374,895 2,609 374,895 2.609 Total In¢c4ne 460,849 460,849 377,504 377,504 ExpendSture on: Charitable acUvllb8 Other expendilure 422.175 5,182 14,850 437,025 5,182 363,230 5,747 14,850 378.080 5.747 Total expendlture 427.357 14,850 442,207 368.977 14,850 383.827 Net Incomellexp•ndlturel and movement In funds 33.492 114,8501 18,642 8.527 114,8501 18.3231 Reconclllatlon of lund$: Fund balances al 1 October 2024 50.694 14,850 65,544 42.167 29,700 71,867 Fund balane•s at 30 September 2025 84,186 84,186 50.694 14,850 65,544 The statement ol finanelal activities indudes all gain8 and Ios$e8 recognlsed In the year. All income and expendllure del9 from conlinulng aCtIv8.
FLAIR GYMNASTICS CLUB BALANCE SHEET AS AT30 SEPTEMBER 2025 2025 2024 Not•* Flxod Sets Tanglble assets 10 37,773 49,146 Current ag59ts Cash 8t bank and In hand 96,451 68,658 Credltors.. amounts falllng due wlthin on• year 12 112,4971 {9,6431 Net current assets 83,954 59.015 Total #88et$1988 ¢urrent Ilabllltlots 121,727 108.181 Cradltors: amounts falllng du• after more than on• year 13 137,5411 142,6171 84,186 65,544 Thè funds of th• Charlty Restrfcted incorne fund8 Unrestricted fund$ 15 16 14,850 50.e94 84.186 84,186 85.544 The compary Is entiued to the exemption from the audlt requlrement contslned in sectk)n 477 of the Companles Act 20rK, for the year ended 30 September 2025. The dlrectorB acknowledge IheSr Te5ponsibilities for cornplylng th the requirernents of the Companle¥ Act 20( th respect lo accounlng records and the preparatlon of finanual $lalements. The members have not required the compony to obtain an audit of its financial statements for Ihg year in question In accordance with 5ethon 476. These financial statements have been pr8p?red in accordance whh the provlslon3 applicabla to companies subleci to the srnall companies reMe. The fjnanrial statements were 8pproved by the trustees on 19 June 2026 William Smlth Trustee
FLAIR GYMNASTICS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng polScles Charfty Inforniotlon Flair Gyrnnastr'cs Club is 8 Scottish Charty, reglstered number CSLN)4953 1.1 Accountlng convèntlon The financlal 8tslements have been prèpared In accordance wtth 1he Charities and Trustee Inveslm¢nt IScoU8ndl Act 2005, the Charities Accounts IScotl8ndl RegUlaon$ 200613s amended) End, FRS 102'The Flnandal Reptsrbng Standard applIc88 In the UK and Republlc of Ireland" I'FRS 102.1 and th8 Charities SORP'Accounting and Rèporting by Charitie5.' Statement of Recommended Practice applicable to Chare8 preparing their accounts in accordanc8 with the Flnanci81 Repo.ng Standhrd applicable in the UK and Republic of Ireland IFRS 1021. leffecli¥e l January 20191. The charity is a Public Ben&fit Entliy as definèd by FRS 102. The charity ha$ taken advantage of thè provi8lons in the SORP for ch8Tbties not to prepare a Stat8m•nt of Cash Flows. The fjnancial statements are prepar8d in 5terfing, whlch 1$ the fvnctional rrencY of Ihe charfly. Mtsnètary amount$ In these ffinanclal statement$ are rounded to the ne8resl £. The financial 8talements have been ppared under the historfcal cost conventlon, Imodiffiad to Indude the revaluaiion of freehold properties and lo Include investment properties and rtAin ffnanrAal instrumènts at fair valuel. The prinap81 aecounting policies adopted are set out below. 1.2 Golng concern At the tlme of approving the finanrial statements, the truste6s have a reasonable expectatlon that the Charity has adequate re80Ufce5 lo continue In operational existenGe for the foreseeable future. Thus the trustees continue to adopt thts going concern basis ol accounting In Preparing the finan¢i818talements. 1.3 Charltable funds Unrestricted funds are available for use al the di5cretlon of thg Iru8tee5 in ftjrtherance of their ¢haritable oblectives. Restricted funds are subied to specffic conditions by donors QT grantors a$ lo how they moy be used. The purposes and uses of the restrfcted funds 81e set out in the noles to the finanoal st8lements. Endowment funds are 8Ut¥ect lo specffic condition$ by donors that the capital must be maintalned ty Ihe Charty. 1.4 Income Income 15 recognlsed when the Charity is leu81ty enlilled to it after any performance condTtion$ h8ve been mel, the amounts can be measured rellably, and il is probable that Income wll be recelved. Cash donats'ons am rèeognised on recelpt. Other donation6 are recognlsed once the Charity has been notifi of the don8I'on, unless performance conditions require deferral ol tho amount. Ineome lax recoverable In relathon lo donations receSved under Gift Ald ol deed8 of coveTrant is recognbsed at the time of the donatlon. Legades Are recognised on recelpl ¢r otherwise rf the Ch8rily has been notified of an impending dlsiributlon, the amount is known, and recelpt Is expected. If th& amount Is not known. the legacy 18 treated a5 8 contingent 88881.
FLAIR GYMNASTICS CLUB NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting pollcie• Icrjnllnued) 1.$ Expendlture Expendfture Is recognlsed once there is a lèg81 or constructive obligalon io transler economic benefft to a third party. it Is probable that a transfer of economic bensrts wlll be required setuement, and the arnounl of the obllgalion can be measurtsd reliabty. Expendltut8 Is dassffied by activity. The costs of each actlvty are rnade up of Ihe total of dlrect costs and shared costs. including support costs Invtslved in undertaklng each activity. Direct costs 8ttributable to 8 Sngle activity ale dlocaled direcuy to that advity. Sharèd costs which contributtr to rnore IhaTTr one activSty and support costs whlch are not 3ttributae to 8 Single aetlvily are apportioned between those acllvmes on a basis consistent wth ihe use ol resources. Central 8taff costs are allocated on the basis of time Spent, and depre?110n charge8 are a110¢91ed on the portion of the assèt's use. 1.6 Tangible flxed a8ts Tangible fixed 08sels are initialty measured 8t cost and subsequenuy measured at cost or valuatbon, net of depreuauon and any Impairment10$5es. Depreciatlon is recogn15ed so as to write off the c081 or valuatlon of assets1è5S their residual values over Ihelr usefvl lives on the following bases.. Gym Equipment Computers 25% on Cosl 25% on Cost The gain or1085 arising on the disposal of an asset is detemilned as the difference befren the saltr proceeds gnd the carrylng value of the asset. Ènd is recognlsed in the ststernent of financial activities. 1.7 Impolrnient of fixod assèts At eath repoTllng end date. the Charity reviews the carrylny amounts of its tan9ible assets lo detemiln8 whètheT there is any indicatkJn th81 those assets have suffered an imp8imient loss. If any such indicatlon exlsts. the recoverable amount of the asset Ss e$llmaled In order to detemine the extent of thts impairment loss Ilf 8nyl. 1.8 Ca8h •nd ca8h èqulvalents C38h and e8sh equivalents include cash In hand, dep051t$ held at G911 with banks, other short-tem liquld investments wlth orlginal maturiti'es of Ihree month8 or less, and bank overdrafts. Bank overdrafts are shovm wllhln borrowings in current118biliiies. Baslc fin8nclal ass•ts Basic financial assets, which Inclvde debtors and ¢8sh and bank balances, are inltlalty measured pl trang3Ction prlce including tf8nsaction cost5 and are subsequentty carried at arrorb"se¢J st using the effective Interest metrod unless the 8rrangemenl constitutes a financing transacbon. where the transgction Is Measured at the presenl value of the future Teceipls discountèd at a rnark&l rate of Intere81. Finanaal 8s$els dasshled 8$ receivable thIn one year ara not 8mortised. 10-
FLAIR GYMNASTICS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounung pollelos Icontlnued Bas1¢ financlal Ilabllltles Ba$le financlal Ilabllhles, Indudlng credttors and bank loan5 are initialty r8cognised at tran¥3ctlon prlce unless the arrangement constrtutes a ffinanclng tr8n$action, where the debt instrument is measured at the present value of the future payments dlscounied at a market r8te ol inteiesL Financlal liabilthes classlfigd 88 payable wlthin one year are not arnortised. Debt In5trument5 are subsequently carried gt amortised cost. U81r>g the eff1ve interest rale method. Trade creditors are obligations to pay for good5 or services that have been acqulred in the ordin8ry course of operalons frorn suppliers. Amount8 payable are classified a5 current liabilibe$ rf payment 15 due wSthln ono year or less. 11 not. they are pres¢nlgd as non-oJrr8nl l1abiles. Trode creditor8 are recognlsed inib'ally at transathon price and subaequentty measured at arnorlised cost using the effective Intsrest m8thod. Der091110n of flnaftcl•l lbilitieS Financial Ilabilths arè derecognised en the Charlty'5 contractual obligation8 explre or are discharged OT cancelled. 1.9 Employge benef5ts The cost of any unused holiday 8ntKSemenl is recognl$ed in the perlod in which the employee's $ervlce8 are received. Termination benefi15 are recognlsed immedlately as an expense whtsn the Charity is derTh)nstrabty cornrnitted to temilnate the èmpkjyment of an employ8e or lo provide temiirsation benefts. 1.10 Retlrernent benefits Payments to defined eontribution retlrement benefit sthemes are charged a8 an expense 88 they fall due. Critical aecountlng estlmat•s and judgern•nt$ In the applicauon of the Charlty's 8ccountlng pollcle5, the trustees are required to make judg8menls. estlmates and a88umptions about the o8rrying amount of a55ets and liabilities that are not Teadity app&rent frorn other source8. The estimates and a550ciated assumptions are b8s8d on historfcal experience and other factor5 that are ¢onsldeTed to be relevant. Actual results may differ from Ihe8e estlmateg. The estimates and underfying assumptions are revlewed on an ongolng basis. Re$lOn8 lo accounting e5tlmates are reco9nlsed in ihe period In which the estirn*e is revised where the revision affects onty that period, or in the period of the revlslon and lulure period5 vtheTe the Tevlslon affects both current and future perfods.
FLAIR GYMNASTICS CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from ¢h8rttable •¢tlvities Unre¥trtctod fund8 2025 Unr05trfct lund8 2024 Membership & Training Fees Competilions Events Clothlng 435,468 11,086 11,928 1,995 343.929 7.801 16.288 6,877 460,477 374.89S Income from Fundralglng & DonAtl¢ns wctlvltle Unrestrl¢t¥d Unr••trrcted lunds funds 2026 2024 Fundralslng & Donations 372 2.609 12-
FLAIR GYMNASTICS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 expenditur* on charltabl• actSvltle8 2025 2024 Dlrect costs Slaff eosl$ Depreryalion and Impalrmenl R8nVUtilities Venue Works Governing Body Compeullon Fees Events PubllcitylM8rketing Wages13rd Pariyl Education & Tralning Clothlng Insuranc& Small Equlpment Mlscellaneous Supplles Legal & Profès&lonal Subscriptions 302,369 28,009 22,048 7,870 24,400 9,381 12,383 1.280 8,407 3,289 7,718 219 385 2,667 2.394 2,340 1,886 239,093 26,282 19.978 9.000 18,947 7,865 11,260 1,486 17,893 3,244 12,288 739 730 2.429 2,196 1,920 2,730 437,025 378.080 Analysls by fund Unreslrfcted fvnds Restricted funds 422,175 14,850 363.230 14.850 437,025 378,080 Tru$tsa8 The remuneration of Trustees is Inclu¢J¢d wr(h Related Patty Transactlons Note Employees Thè average monthly nurrt)er of employeès during the year wa8.. 2026 Numbor 2024 Number 22 20 13-
FLAIR GYMNASTICS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 Employees Icontlnuedl Employment colts 2025 2024 Wagès and sal8rf0s Sod818ecurity costs Other penslon costs 290.038 8.945 3,388 231,674 4,908 2,511 302.369 239,093 There were no employees whos8 annual remunerallon was more thon £fjQ,0). Remuneratlon of key management rsonnel The remun8ration of key management personnel was as follows.. 2026 2024 £53,379.71 £7S.177.78 othor •xpendlture Unrn¥trlcted Unr•8trlcted fund$ funds 2025 2024 Entertainlng Loan Interest + Fees Bank Charges 468 4.046 668 677 4.494 578 5,182 5,747 Taxotlon The charfty is exempt from taxats'on on hs activltles because all Its Income i% applied for charitable purp¢)se5. 14
FLAIR GYMNASTICS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 10 Tanglbl• flxed assèts Gym Equlpmont Cornputo TDl•l Cost Al 1 Octobèr2024 Additsons 129,704 16,636 1.375 131.079 16,636 At 30 Septembtsr 2025 146.340 1,375 147,715 Depreclatlon ond Impalrment At 1 October 2024 DepredAtlon charged In the year 81,589 27,665 81,933 28,(K)g At 30 September 2025 109.254 688 109,942 Canylng amount AI 30 September 2025 37.086 687 37,773 At 30 September 2024 48,115 1,031 49.146 11 Loans and overdrnfts 2025 2024 SIS Loan 42,170 47,246 Payable withln one year Payable after one year 4.629 37,541 4,629 42.617 12 Credltors.. amounts falling duo vAthin on• year 202S 2024 Notes SIS Loan Other taxallon and sodol security Other creditors Accruals and delerred Incom8 11 4,629 4,280 1,248 2,340 4.629 2,420 674 1,920 12,497 9,643 15-
FLAIR GYMNASTICS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 13 Cr•dltors: omounts falllng due after morn than on• yè•r 2025 2024 Notes SIS L08n 11 37,541 42,617 14 Retlrement benefft schemes 2025 Defined contrfbution sehèmes 2024 Charge to profil or lo$s in Spect of definèd contribution schemes 3,388 2,511 The Charlty operat&s o defined contributlon pension scheme lor all qualifylng employees. The a3setB ol the schem8 are held 8tsparately from those of the Charily in an Independently adrnlnistered fund. IS Ra$trfcted lund8 The restrlcted fvnds of the charty comprise the unexpended bal8nces of donatlons and gr8nts held on Iwsl subject to specific Condttlons by donors as lo how they may be usad. At 1 October 2024 Resource* At30 expended 8•ptsMr 2025 14.650 114,8501 Pwvlous y•ar'. At 1 Octob•r 2023 Resources At30 expendad Sepi•mber 2024 29,700 114,8501 14.850 18 Unre¥trfct•d fund8 The unrestricted funds of the charity comprlse the unèxpended balances of donations and grants whlch ar not subject to specific CDnditions by donors and grantors as to how they rnay be used. These include d8signaled funds which have been set aslde out of unrestricted funds by the trustees for specific purposes. At 1 October 2024 Incomlng Msources Regouree A130 •xpend•d Septembor 2025 General ftjnds 50,694 460,849 1427,3571 84,186 16-
FLAIR GYMNASTICS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 16 Unre8trfct•d fund• Icontinuedl Prevlou4 yèar,, At 1 Oetobgr 2023 Incomlng resources Resource> At30 èjtpended September 2024 General lunds 42,187 377,504 1368,9771 SO.694 17 Anaty$ls of net a68ets belween fund# Unrestrf¢ted funds 2026 Restricted fund8 2025 Total 2025 At 30 Septembar 2025.. Tanglble assets CuThent assetsllli8l6U88 Long temi li8bUities 37,773 83.954 137.5411 37,773 83,954 137,541) 84,186 84,186 Unye8trlettrd funds 2024 R•8tricted funds 2024 Total 2024 At 30 Septèmber 2024: Tangible assets Current assetsllliabillle$l Lgng term liablllb-e8 34,298 59,015 (42,8171 14,850 49,146 59,015 142.6171 50,894 14,850 65.544 18 Rdated party trnnsactlong The remuneration of kèy management per¥onnel was a8 follows.. Wllliam Smlth.. £53,379.71"12024 £53.702.011 'Indudes E'er NICE'er Pension 17-