for the Period Ended 31 December 2022
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 7 | ( | ( |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2022
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 December 2022
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2022 | | | | |||
Additions | | | ||||
Disposals | ( | ( | ||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2022 | | | | |||
Depreciation | ||||||
At 1 January 2022 | | | | |||
Charge for year | | | | |||
On disposals | ( | ( | ||||
Other adjustments | ||||||
At 31 December 2022 | | | | |||
Net book value | ||||||
At 31 December 2022 | | | | |||
At 31 December 2021 | | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Trade creditors | | |
Taxation and social security | | |
Other creditors | | |
Total | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Total | | |
for the Period Ended 31 December 2022
In the space provided below, please insert a general account of the company’s activities in thefinancial year to which the report relates, including a description of how they have benefitedthe community.Leeds Gymnastic Club CIC (LGC) is based in the Leeds LSOA of Killingbeck and Seacroft,which is in a disadvantaged area. According to the Leeds Observatory Portal, Killingbeck andSeacroft have 3 LSOA’s (Lower-Layer Super Output areas (neighbourhoods) in the top 1%nationally on the index of Multiple Deprivation (IMD). The whole LSOA of Killingbeck andSeacroft is in the top 10% nationally for multiple deprivation.We are a self-funding Community Interest Club established in 2012 and have grown from 139to over 1900 members attending classes on a weekly basis, all year round. The club offer avariety of gymnastics classes to suit all ages from pre-school to adults and promotes funactivities and exercise to all ages all year round. We offer additional discounts and bursariesto support families on low incomes.Our classes include pre-school classes from babies to school age children, KS1 & KS2 schoolage children and we are delighted we retain so many older teenagers training in the sport byoffering a wide range of classes, including new disciplines of team gym and tumbling.Additional gymnastics classes include parents and tots drop in sessions three times a week,classes for students attending both Leeds Universities, display teams who perform at local,national and international events and adult classes (twice a week). During the schoolholidays we run both full day (with wrap around care to aid working parents) and half daycamps open to the general public.In addition, we have a performance squad section producing Olympians and National squadmembers. We have a thriving young leader programme and we offer the opportunities to ourolder gymnasts to be mentored from some of our world class coaches to develop skills andwe provide bursaries for them to take up coaching qualification. This year we have had over15 coaches qualify as a Level 1 Coaches.Our Young Leaders are able to organise events for fund raising and enjoy socialising withtheir peers and in doing so acquire confidence and communication skills which will help themin their future careers. We offer employment opportunities to our 17 – 21 ex gymnasts ascoaches or in an administrative capacity within the club.We have a long-established programme working with Leeds City Council and their “Lookedafter children” which has excellent reviews and is providing many benefits for those childrenand their future outcomes.In addition, we continue to work with an increasing number of Leeds schools offering amixture of after school clubs and CPD training for teachers to provide gymnastics in the corecurriculum. In 2022 we have continued to deliver a curriculum gymnastics programme,delivering to Educational Trusts and Academies across the city.We also provide Additional Needs Drop-In Sessions and classes. These are designed forchildren aged 3 to 10 with mental/physical disabilities or sensory impairments.In June 23 we held a Leeds Gymfest for over 850 gymnasts at Leeds Beckett University. Thisis the opportunity for our gymnasts to entertain their parents and friends and demonstratetheir skills in group displays. The audience was over 2000 people and it was a very relaxedand fun event for our gymnasts. Other opportunities are provided during the year to performincluding friendly competitions and shows at Christmas.Unfortunately, financially 2022 proved to another challenging year. Our rent was up for its fiveyear review which meant we had an increased cost of nearly forty thousand pounds perannum. The economic crisis caused by the end of covid, lack of labour and supplies, Ukraine/Russian War and the resulting impact on fuel prices and food caused inflationary pressureson many of our purchases.The huge increase in the cost of electricity and gas meant we paid an additionally thirtythousand pounds per annum. Some of our customers struggled with household incomediminishing and this resulted in the turnover of some classes to fall particularly our preschoolprogrammes. Staff costs have risen particularly the costs of taking gymnasts to competitionsall over the country. The club continues to employs 17 permanent full time employees andmore than 30 part time employees.Classes also ran at our local community centre (John Smeaton) in our dedicated gymnasticshall and we continued to offer these classes at a reduced class price to further encourageuptake by the local community.Despite the strain on finance we have managed to purchase forty thousand pounds worth ofnew gymnastic equipment to improve our facilities.This has been an another immensely challenging year, but the club has worked tirelessly toprovide a service to the community and our customers, helping provide structure to children’sdays, the opportunity for all to participate in sport and to remain active which is so valuable toremaining healthy.
The company’s stakeholders include its members (and in the case of minors theirparents/guardians), its employees, British Gymnastics (the sport’s governing body), SportEngland and Leeds City Council.The last AGM took place in November 2022 and the next AGM will take place in November2023 with the opportunity for members to question the board on the financial accounts andplans for the club.Regular meetings are held with squad gymnast/parents to discuss development plans,progress and welfare of the gymnasts. Feedback is provided via British Gymnastics RiseBadge system on the progress of our recreational gymnasts.Employees are given the opportunity on a regular basis to contribute to the discussions atBoard meetings and are actively encouraged to approach Board members with any concernsor any ideas for development they may have. Staff “Meet the Board Sessions” are run duringthe year. Senior members of the coaching team attend and play an active role at regularBoard meetings and in some cases are Board members themselves.A regular newsletter is produced for members. LGC TV provides free gymnastic content whichcan be safely done at home to keep children entertained and healthy and our social mediapages encourage active interaction to promote positive images of healthy sport.All members are encouraged to follow club policies regarding concerns/complaints and ourhandbook, privacy policy, safeguarding and complaints procedures are shown on our websitewith full contact details. A dedicated e-mail address is provided for the complaints to beescalated to the Board and all e-mails received are dealt with promptly by a Board member,(after discussion with the full Board if appropriate).At LGC we believe the safeguarding and wellbeing of all gymnasts is of paramountimportance and we adopt a robust welfare policy. Our team of experienced Welfare officersare active within the club and LGC has adopted the British Gymnastics Child protection policyand are part of the British Gymnastics Welfare Club Consultation Group.Meetings are held with representatives from Leeds City Council and British Gymnastics asrequired. We have strong links with Leeds Beckett University Sports Department looking atdevelopments in sports coaching education.
During the year two directors received remuneration as listed in the accounts, in their capacityas coach and business manager. No remuneration was received by directors on their capacityas director.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 September 2023
And signed on behalf of the board by:
Name: Alexandra Webster
Status: Director