At the Annual General Meeting in July this year the resolution for the Incorporation of London Gymnastics as a Company Limited by Guarantee was passed unanimously.
Incorporation of London Gymnastics as a Company Limited by Guarantee
It has been through your clubs continued support as a valued member that London Gymnastics is in the great position it is currently. With the continued growth as a region, the management committee, has been advised that incorporating into a limited company by guarantee would be best for the management of the region going forward.
Incorporation will mean that we are much easier to do business with outside traders (they will know precisely what they are making agreements with), management members will have clear duties and obligations and there will be a clear legal structures to follow.
This process will bring us in line with British Gymnastics and English Gymnastics, allowing us to continue to provide proactive management for the London region.
On the 30 October 2018 London Gymnastics completed the incorporation and is now London Gymnastics Ltd.
As part of our continued modernisation project, we are rolling out new cloud based accounting software to all of our Technical Committees to allow a much more dynamic form of accountancy and transparency.
Alongside this software, from 1st January all of our competition venues and events held by London Gymnastics will move to Cashless Payments. Each TC will be equipped with new Square payment devices and software alongside tablets to collect payments at the door for spectators. Some of our venues already have electronic payment methods in place.
The advantage for our Technical Committees is that they have a transparent view of the incomes generated by ticket sales, and for our spectators they have a common approach to making payments.
As a result of this change we will no longer accept cash or cheque payments from parents at our competitions.
We will make this information available on our social media and website, together with providing notices in our competition packs, but please can I ask that as clubs you inform your parents to avoid disappointment.