REI GISTERED Col￿ANy NUMJIER: SC250221 (S¢otl2t)d)
REGISTERED CHARITY NUMBER.. SC034466
ort of the Trustees and
Audited Financial State
forthe Year Ended 31 Janua
2025
Dundee G
astics Club 2
Murray Dalgety C.A. (Senior sta￿tOry Auditor)
BK Plus Audit Limited. btatutory Auditor
Chartered Certified Accounlanls
144 Nethergate
Dundee
DDI 4EB

Dun(ke G
2Sti
Contents ofthe Financia
for the Year Ended 3
21f25
Page
Ch￿a￿'S Report
Rewt of the Trustees
Statement of Tn￿ees, Responsibilities
10
Report of the Jndependent Auditors
11 to 14
St8tement of Fiuaucial Activities
15
Bakllce Sheet
16 to 17
Cash Flow Stat6ttLent
18
Notes to the Cash Flow Stat￿£￿1
19
Ntsts5 to tbe Fingncial Statements
20 to 30
Detailed State￿ent oFFinanci81 Activities
31 to 32

Dun(ke G
n￿aStic% Club 2K
Ch&imian's R
ort
foi. tht YearEnaed 31 Janu
2025
Wgre a charity, registtred with OSCR the Sc(Xtish Charily Register and we lodue our accounis with them every year and our Ditectors
Jneet the OSCR standards. A charity meaus that we are run foi. the benefit of the Ellembers and any opei?lional surplus is fed Straight
back into the club.
We're a150 a Company Limited by Guarantee. and our accounts and directors ale all registered with Compallies House. We're a Private,
independent organisation viith no external funding- no Government or Council fimding.
We're affiliated to Scottish Gymnastics and follow all Scottish Gymnastics Codes and Guidance. YO￿ membership of Scottish
Gymn8stics provides the lllsurance for the club. and a150 allows th¢ gym￿￿tS to enter Scottish Gymnastics competitions, all oiw PVGS
and safeg￿arding is dorte througb Scottish Gymnastics.
The DireCt￿S cany out theEr dire¢tors' duties unpaid, how¢v¢r, they Call be paid as coa¢he% or forother services to the Club.
It seems lll(e a long ttine agcTr now but the new &54n only opened in Decembei. 2023, 50 we have had our f]rst full year opeTating with the
enlarged Brown Street space in addition to our usage of The McTaggart. The new g)ryn has a]most doubled the aEllOUnt of gym space at
Brown Stre£t.
This hag allowed us to reduce our t]sage of the McTa8gart a bit. £52,990 to Jan 2025 down from £61,840 to Jan 2024.
We have also been able to let the Brown Street Gym to other users. Tribe Cheerle&ders, the University Cheerleaders and the unive￿￿ty
Gymnasts paid a total of £14,585.87 to Jan 2025 up from £2,960 to Jan 2024.
Total aumber of gy]ymasts Jan 2025 was 788 up fiom 751 in Jall 2024, gn increase of 37. This is made up of 122 (101 in 2024)
Performance Gymnasts training at Brown Street and the MGTagsa¢ 117 (121 in 2024) toddlers and pre￿hOOler$ at Brown Street and
549 {529 in 2024) Club GYll￿asts at Bioivn Street.
We are curraEtly paying 33 people., l adtnin and 32 Coaches including 5 helpers yet to (b their level I course5. Also our much valued
volunteers- Ckn'is Wylie (helper ill the gym) and Ainsley Swindells (safegu￿.di￿g OIYi¢er}.
Page I

Dundee G
tics Club 2K
Re rt of tlie Trustees
for the Year Ended31 Ja
2025
The board oftrllstees present their awiual report with the fman¢ial slatemeuts of the Co￿PanY forthe year ended 31 January 2025.
The aceoun15 have been prepared in accordallce with the &Gcounting wlicies Set out in note I to the aLLuuots And comply with the
Chanty's Articles of Association. tbe compani￿ Act 2006, the Charities an(( Trustee JnVest￿¢llt {Scotland) Act 2005, tbe Chariti&s
Accounts (S¢otland) Regulations 2006 (95 amended) alld the 'Accounttiig and Reportillg by Charities.. Stsremcnt of Recommended
Practice applicable to charities preparing their accounts accordallce with the Flljaneial Reporting Standgrd applicable the UK and
Republic of Iteland (FRS 1021 {effective l Janukry 2019),.
oBJ£￿VEs AND AcrivirIFs
ObjeLtive$ aims
The charitable purposes are the advancemcnt of education, advancement ot. healtb, and advanLement of public partiGiP21ion in sport.
Activities include strllctured gymn&%tic ooa¢hing, Tecreational classes, pfflfoTh￿Ict training, camps, 8ad con]mun2ty prOg￿mme5. The
Trustees confirm they have bad regard to OSCR'S guidance on public benefit. The Club provides public benefit by offering incliisive
gynll)astics opportunities, promotingphysical weltbeing, confidence, and participation ￿ sport.
Page 2

Dundee G
astios Club 2K
ort of the Tn]stees
for the Year Ended 31 Janua
2025
OBJECTfvES AND ACllVITIES
ReVi￿V of business
2024 was a year witb somt exciting opportunities for all Dur gynuiasts. Early in the ye&r we held our first Club Competition for all our
i'ecreational gyn]nasts whi¢h was very well attended 2nd gave us such good feedback that we decided to make this att annuaI event for
our members.
This was followed by the intr(Kiuction of QUF own award scheme for our recreational classes, Thank YO￿ Louise Carson aad all the
coaches who kept feeding in ordei. to make it ItLe best award scheme possiblel
We impleinented it for the f￿st tim¢ in auttillml. Hund￿d$ of cbildren received their aW￿d certificates and fridge whilst the
pairnts were in tILe gym to watch.
We atso introdueed can)ps for our youngest i'ecrealioRal gymnasts (enty) as well as Floor and Vault gymnasts du27ng the sutnmer
holidays. Both Ca￿P$ were well attended and the ciuldren seemed to enjoy this opportunity very much. Thss year we are going to build
on this positive experience and offer camp5 for 211 the age wups. My thanks goes to Louise Carso￿ Trlatalie Young and Fiona
Blakeman.
At Easter time we ran an intemational catnp for the perforJnanc¢ girls at Brown Street. The visiting clubs from arollThd Hamburg in
Gerniany had an amazing time togetkner with our own gymllasts. During the S￿mmer holidays we went on a rettll￿ visit to meet up in
Vilx)rg, Denmark. 20 of our gjqnnasts took part in this camp which was org8nised over 2 weeks to ensure that we collld include
everyiK)dy.
Wollkens Artisti¢ G)qnnasiics Results
All ow wls passed the￿ ￿ad￿l And some ofthem even med8]led..
Preparation Grade I
Alice Walker won silver floor alld bronze on bars
Mia Pety won thc vaultl Gold!
Development Gradc 2
Olivia Bulgarelli won the bronze rnedal all aroundl Yess
AryL Mitchell was 2nd ￿&M and 3rd range
Dcveloprnent Grade 4
Sophie Clarke fAune 3rd vault
Millie Anderson won silver on bealn with
Suzatllia Wyli¢ securing the bronze medal on beam in tbe same ¢ompetition.
One age Eroup above
Ev¢Falconer S￿ured 3rd place all around, came 3rd on beam and won gold on floor. Wowl
PerfU￿r￿nCe GTade I
Naomi Cicho¢ka won bronze on both Vdult and b223. Her result had 116r selected to compete for Sctstland at the British Fina18 for this
Grade. Here She 5n￿Shed it again on bars where she had the ihird higbest score in the ¢ompetitÉon!
Wesi Lothiall knvitational
In FIG Aspire {12113 year olds) Jessica Banks won silver all atound and added 2nd on vault, 3rd on bo￿ and beat￿.
Hannah Robertson came 3rd vault
Evie Duguid was 3rd all around as well as 2nd kn's and 3rd floor
In FIG Junior (14115 years) Maisie MackEnzie won silver on vault and bronze on both baTS and tE2m.
Sophie Naistnith came 3rd floor
Orla CunniDEham came 3Td un floor in her category.
Celebration of Life Invitational
Evie Walkw won the Yault. Gold
Page 3

Dlludee G
astics Club 2K
ort of the Tnjstees
for rhe Year Ended 31 Jan
2025
OBJECTIVES AND AcfivTrIKs
Milana Drabych came 3rd vault and floor
June Jolly Invitational in Hamilto
Ill the FIG Junior category Orla Stirton woll gold all aroLmd with a massive 44.8 and a￿ed 1st on bars, kajn attd floor as well as 2nd
vault. Amaztng.
Evie Duguid and ch.la Cunninghaln also won the bars in thell'respective category and Sarah Air came 2nd vault.
S¢ottish Bronze Silver Gold Classics
Orla C￿]￿l￿ghaM mcdalled once again, thi5 lime bronze on beam.
Scottish Copper Cla5SiCS
Ivy A¢k]￿￿d won bEivei' iu the all aiDund &% well as 2nd beam and flwr. Outstanding.
Scottish Zirnc Classlcs
Zoey Mad(enzie came 2nd on tloorwitb her beautiful routin¢.
Milana won the bronzc medal on beam.
It's beell another good year for our gymDasts. Mally more placed in the top ten and just missed out medals. The final highlight was
thRt 3 of our talented hayl working 10/1 l year olds were selecÈEd to the S¢otti5h Development Perfornjance Progamme.. H&ipei
Liu, Ivy Acldand and Rowan McKinney.
cO￿gratulatiOnS to the girls at]d their coachesl
The TumbKas' results
23rd November2024 scottish Ch&Dpionships
Club Level 5 8yr Orla Mokeogh 4th Place
Club Level 5 9-IOyi Lewis Beattie 1st Place
Club Level 5 11-12yr Ella Moan 6thPlace
Club Level 6 9-IOyr BllaBIDice 1st Place
Regional 4 15+5r Alyvia Bruce 2nd Place
Fig I1-12yr Evie Ross 4th Place
Fig 15-16)r Katie Robb 3id Place
FIE 17-21 Hannab Moss 1st Place
31st August 2024 E8StKilbrid¢ ￿vItatIonaL
Club Level 3 7-8)T Eleora Bayela 2nd Place
Club Level 5 I1-12yrKe]￿ Madill 3rd Place
Club Level 5 11-12yr Ella Moall 5th Place
Club Level 5 9-IOyr Luca Stevenson 1st Place
Club LLvel 5 9-IOyr Millie Houston 1st Place
6th-7tbJuly 2024 British Regional Team Final
Regional 4 15+yr Hannah Moss 3rd Place
Regional 2 13-14yrFreddie Lothian 6th Place
12tb May 2024 Tu￿bIll￿ Club Grades Scottith Ope
Club Level 3 8yr Orla MckeoBh 4th Place
Cliib Level 3 9-IOyr Lewis Beattie 1st Place
Club Level 3 9. Ioyr Finn Madill 2nd Place
Club Level 4 11-12yr Keira Madill 3rd Place
Club Level 5 11-12yr EILa Moan 4th Place
Club Level 3 9-IOyr Catli Toner 1st Place
7th April 2.024 kegional Qualifier
Regional 4 15+yr Hannah Moss 2nd Place
R6gional 2 13-14yr Freddie Lotbian 2nd Place
Club Level 5 11-12)q Isla ThoD]son 3rd Place
Page4

Dundee
nastiof Club 2K
ofthe Trust¢es
lor the Year Ended31 Janu
2(Y25
OBJECTIVES AND ACTJVITIES
Club Level 4 9-10)q' Mia Glab l.4t Place
Club Level 4 11-12y' Keira Madill 3rd Place
Club Level 2 8-IOyr Orla Mckeogh 3rd Place
Club Level 2 7-Syr Olivia Glab 2nd Place
Huge congraNlation5 to Bvie Ross and Ella Bloi¢e for their selEGtion to the Scotttsh Gymnastics PPP Squadl
Floor and Vaultre5u]1s
ThÉs section has made great strides ahead- innutnbets as well a$ in the level of pErfornian¢el
At rtLe rwo Scottish events the g)mnasts were rewarded foi their improvementsl
Ill June they won the tealn medals, silvej. for the I l year beginne￿ bronze for the 10 year beginners. In November they received
individual medals on top of even more team rnedals. Gold went lo Alisa Pliskova in the aa aThd OJ flooi. Can Lightfoot WOIi Silver on
floor and bri)nze aa. Yet allother bronze medal winner w&8 Scarlett Snell. The following teams also won bronze medals: 10 y¢ar
beginners, 11 ye￿. beginners and 12113 year be8￿￿Er51
Over and abovc tbis mally moiE gymnasts from this section won medals at anumber of smaller events around ScotIand. Fzntasticl
Section development iiinutnbers
Our bDys section has sofflewhat grown in nu]nb¢rs during the ￿4St year. Th￿t of our senkor boys are continuing their Irdining but have
now been joined by 17 ILttle boys with lots of energy. An optimistic ve￿tl}re1
The Floor and Vault section from 19 members to 26 since Janury 2024 and its popularity is hllge. The ci)a¢hes enthusiasm is kcy.
The women's artistic sectioll remained prety constant with now 61 gir15, aged between 6 attd 17 yeaTS of age, involved ill regular
'a￿ing for COmp￿titIOns.
TU￿￿ble is looki￿g very healthyl The dcvtlopment group is once ag&in fill to the biim with 18 g)qnnasts wbiist the competitive tumblers
are also showinE up in big llumbers to every training session. They havc now gone up to 22 perfo￿￿e￿.
Coach eduixtion
As every year. th¢ club is investing in our coaches by allowing and supp01tti￿ theln to reach the next higher level in their coaching
awards.
Bethany Moss will s+art her Tumble L2 exam, 22nd Feb 2025
HalltLah Moss ctsMplet￿ her Tumble Ll
Oran Mccafftrty qualified as a Tumble club judge
Lily Crwk passed her Level 2 WAG
Calvtti Graves passed his Level I WAG
Lucy Wiseman waiting foi. result Level I WAG
Neve Mitchell completed ber Mod I tD Mod 4 Level 3 WAG
Neve Mitchell is booked on to the pre-school eours¢
All Leve12 upwaids have completed thesr CPD Flexibility Training
Pftg¢ 5

D￿rndee G
nastics Club 2K
ort of the Trustee5
for tlie Year Ended 3
Janua
2025
STRATF.GIC REPORT
Ar.hievemeJ]ts aftd performance
Trknndraising activities
Fundraising activities include raffl￿, events. and voluntary donation5. The Club complies with Scottish tharity law and did not engage
professional fund￿lSer$. No fundtaiS]Dg complaints were received.
me￿b￿ship increased to 788 gymnasts. The expanded Brown Street facility enabled greater capaeity and reduced reliance on exkrnal
v¢nue5. The Club delivered successfi]I Collipetitions, holiday camps, and illtemational tiips. Competitive squads achieved strong re5u]ts
across rlluItiple diseipbnes. higblightrng the dediGkrtÈon of gymnasts and coaches.
FinaThci21 review
Ftnancial Report
2024-2025 total net swplus was £2,966 8fter cha￿]ng depreciation of £26,197.
2024-2025 total operating income was £518,926 up by 18.820/0 on last ytaT (as restated).
202¥2025 total operating expense ( excluding depreciation ) was £489,763 up by 16.2P/o on la£t year {as restated).
Givillg an operating sU￿1￿S of £29,163. From thi5 w¢ were able to cover our loan rePa￿lellts of £18,198
So, ther6 was a Tr]nainiEE swplus of £10,965 alld this was used as cash flow to eover outs foi. competition feas and leotgrds b¢for¢
getting back from involcu￿.
We didn't receive ally grants tt)is yearbllt fi]ndrai5ing alld donations brought in £1.855'
Easy fi￿d￿d]Sing £79.24, Jntona £I¢X).00, Tumble raffle £450.00, Gift Aid £260.23, £120.00 fyom Sale at Clllb Competition in Febrllary,
£846.22 from raffles at th¢ Club Championships in DecEmber and a big thaJd( you to everyone who made a donation it really made
difference.
Annual Club Membe￿ipS eontributed £20,178 up from l&gt year by 9.63Y., dlle to increase in Jnembership and ￿e￿bership aDnual
tncrease.
Prenjtses rcllta]s Brown Street 3842 and McTaggart CenttE ca￿t to £93.790 which is down 8.0￿/￿ OEI the previous year. Due to the
rethiced time slots at the McTaggart Centre, titi]ising our extension at Brown Street.
Utilities - water, gas, electiicity, phones et¢ - was up by an averdge of 62.40/0 ]naidy due to thi]ity incttase5 glld 38 Brown Street heatI￿g
and lighting time as well as wateTrates.
Fitiallcial charges were up by 39Yo on last year. Fiom London & Zurich direcÉ debit system atkd BaDk of Scotlalld, due to increase in
ember fees and ballk levy.
Our workForce education keeping up io date and qualifying new Coaches cost £1,765, less £718 received back in subsÈdie5 applied foi.
thro@ Sport SGotland.
Payroll for the period ￿ £321,216 up by 22.4W/o this was due to wage ittcrease and the standard of coach's qualtfications going up 2S
well as a small in¢rE&se ill staffing.
Staff were given a 5 /0 in¢re45e OD 1st April 2024 (ormore for the lower levels to keep up witb the National Minimurn Wage).
Page 6

iindec G
astics Club 2K
e Trustees
for the YL*I Ende
2025
STRATEGIC REPORT
Princip#l risks and uncertainties
Key ri8k.% includc f￿anCiaL reliance oll member511ip income, utility Cost llkcreases, and etwing sufficient qualified Coaching staff.
Trustees review the risk regist￿ regUl￿.[Y and maintain oversight of safeguarding and health and safety compliance.
Fifftancial and risli ]Dallagement objectives aiid policies
Bi'oiyrn Street Premises
Th¢ charity occupies premises a long-tenn lease lo support the delivery of g)qJnastics trdilling and related activities. The lease
conunenced on 30 November 2022 Hnd piovides seowe, dedicated facijkties that allow the rharity to deliver a consistent ￿'Ogra[n to ils
embe[5. The premises represent a Si￿1￿ca￿t operating base for DGC2K and ￿'e essentEal to aclllevtng the chatity's obj¢¢tive5 ID
protnoting participatii)n En g)qnnasti¢s and encoura£tiE physical aciiyity among children and young peoplc.
The lease includes a teTrallt-only brcak option Èll Novemkr 2027. The tTrJst¥eb regularty review the suitabslity and affoidability of the
PTemises as part of the charity5 risk mpllagement andstrategicplant)ing processes.
Future plaTh5
Plans s2]clude expanding recreational capacity, strengtliening commw)ity engagemenL eJthancin8 coach education, aud rEviEwing long
tenn facittty requiieEnenls to ensure sustainability.
STRucrtniE, GOVCIRNANCE AND I1￿￿T
Gov¢i'ning ducufflent
The charity I￿l￿[pOrated as a compaDy limited by guarantee and not baving a share capital on 28th May 2003. It is govemed by its
Articles of Associatioll. TTUSt£es are appoillted fro￿ the mcmbcrship or nominated by serving TN5te¢s. New T￿tse8 ￿ceIve induction
covering legal Jzsponsibilitie5, safeBu8rdin& and financi21 oversight. Operational rnanagement is delEgated to tILe coachll)g and
administrative ttAm, repoiting to the B02rd.
The TNstees. who are also the directo￿ for tht PUiPOSB of company law, and wTrLO served during the year and up to the date of signature
of the finmcial stateM￿ts were..
P Carson
C HuxEey
ABell
B Pet￿￿en
A Brernner (resigned 14,5.24)
R Scirtt {resiglled 9.6.251
L Hebenton (appointed 14.5.24)
L McDowall (appointed 14.2.25)
G Stirton lappoillted 9.6.25)
RecruIt￿ent and Rppointment of new trustee5
F40 person may be appaintcd as a tnistee un]6ss That r¢rson is a me￿ber or is wci)rnrtkended by the serving tn]stces. At every genern
eeting one-th￿d of the trusttes who are subject to retirenient by rotation sh&ll retire from offi¢¢. All ttustees are made awaiE of the
Dbjectives of the charity on appointment and tbe necessary training is provided.
Key manage￿¢￿* relnuneration
ReE]]uneration of key ￿anagement personnel was as follows
2025
2024
Aggregate cotnpensation
57,T77
53,650
Page 7

Dllnike G
Lic
2K
oit of the Ti.
f r the Yvdr
d31Janu
2(r25
STRUCTURE, GOVERNANC.F, AND 1WAGEII￿NT
Trustee Remuncr&tioTJ and Related Parties
Tn]stees Tray be paid for coaching or admillistrativt s￿ViceS Ulld￿ the Articles. During th¢ ye￿. Beate Petersen received a gross salary
of £31,384. Paul ca￿0￿ £13,416. and Clare Huxley £11,839.
Employer pension contributions were also paid dU[￿g tbe ytrdr,. Beate Petersen £754,. Paul Carson £216,. and Clare Huxley £168.
Louise Carson, wife of Paul Carson. received yemuneration of £22,473 and employer pension contributions of £487 were paid on her
beha]f.
Trustees received expenses during the year dts¢losed in the notes to the accounts.
Diiring the year ended January 2024. the Club continued to itiv￿t in the development of its facÉlities to 5UPPOrt the wwth of
gwinastics activitic% within the co]]Imwiity. A major tlernent of this investtnent was the iJnprovcment and iefirbishment of the leased
Brown Streetpremise5, With total eXpenditL￿t of £134,953.
The Trustees note that £41,294 of this expellditure related to work catried out by Cars(x] Contracts. The own￿. of Carson Contracts is
the brother of Paul CarstFn, the Club'5 Treasurer and one of its Trnstees. In accordallce with the charity s conflict of iDtu'est poliw. Paul
Carson declared this relationship at the outset of the pmject and took no part discussions or decssions ttgarding tbe selection or
ppointment olthe contractor.
The Trus￿¢5 considered multiple quotations and detemiined that CaTson Contracts offered irst value for Jnoney, witb the reqwed wotk
delivered to au appropriate stsjidard and within weed t]￿£Scale& The TTusEee5 ar¢ satisfied that the transaction was eollducied on all
arni's l¢ngth b05is and in the dTrarity's best interests.
The Trustees coE]fm that, aside from this matter, th¢re were no other related paty transactions during the year that Tequire disclosure
undertbe Chaiitie5 SORP (FRS 102).
RF.FERENCE AND ADlI(tNISTRATIVE DETAllS
Registered Company nujnber
SC250221 (Scotland)
Regtstered Cbarity Dumber
SC034466
Registered office
40142 Brat)ttwood Avenue
Dtllkdee
DD3 6EW
Principal address
38, 40-42
Brown Street
Duudee
DDI 5DT
Page 8

Dundee G
astics Club 2K
Re
ort of the TrustEe5
for the Year EE]ded 31 Jar)ua
2025
Trustees
P Carson
C Huxley
ABell
B Petets¢n
A Bremner (resigned 14.5.24)
R Scott (resig]ed 9.6.251
L Hebenton (appointed 14.5.24)
L McDowall {appoknted 14.2.25)
G Stirton (apy)inted 9.6.25)
Cornpany Secretary
B P¢tex3en
Auditors
Munay Dalgety C.A. (Senior Statutory Auditor)
BK Plus Audit Limited, Statutory Auditoj.
Chartered Certified Accountsnts
144 Nelhergate
Dundee
DDI 4EB
STATELiffjNf AS TO DISCLOStJRE OF INFORMATION TO AUDrtORS
So far as the trustees ate aw￿¢, there is nlevdnt it]forniation (as der￿ed by sectio￿ 418 of the Compani&s Act 2006) of which the
cbaritable company's auditors are unaware, and each trllstre has taken all tILe steps that they ought to liave taken as a trustee in order to
make them aware of any audit ith17nat1o￿ and to establish that the charitable CO￿pY￿y'S auditors are aw&re of that infonnation.
Each of the Trustees has confmed that there is no inforllEation of which they are aware of which is relevant to the audit, but which the
auditor is unawate. They bave further confjllned that they have taken appropriate steps to identify sud] ￿￿vant infonnation and to
estsblish that the auditor is aware of such infomiation.
Al￿[ToRs
In accordance with the compally's artides, a Trsolution proposing that BK Plus Audit Li￿lted be reappointed as auditOL of th¢ company
will be put at a General Meeting.
Report of the ttustees, incorporating a Strdtegic Teport, approved by order of the board of twstee5, as the company directDrs. on
ritr& 20¥..... and s]￿ed on the btsard's behalf by..
P c￿S(￿- Trustee
Page 9

a5tics Club 2K
atement of TrL]Ste¢s' Res
ollsibilitie5
or the Year Ended 31 Janua
2025
The Tn[st￿8, who are a150 the directors of DwTrdee Gymnastic Club 2K for the purpose of Company law, are responsible for preparing
the Tn)stees' Rerx>it and the financial sr84tsments in aCCord￿ce with applicable law and UDited Kingdo￿ Accoullting Standards (United
Kingdom Generally Accepted Accollntiiig Prdctice).
C(m)pany law requi￿5 the Trustees to pr¥parE fllMncial State￿entS for each r]nancial year wlLich give a true and fair view of th6 State of
affaits of the Charity and of the incoming 2YsourGes and application of resource5, including the itLcome a￿d expenditure, of the
charitable ¢02npany for that year.
In preparing these f]nancial staternents the Trustees are required to..
sclecl suitable accounting PDlicies and then apply tiiem coiisisiently,.
- observe the methods and principles the Charities SORP,.
- make judgemEnts aud estimates that are reasonable piudent,.
stste whether applicable [￿ACCoUnting Stsndards have been foIlowe¢L subject to any Mat￿la1 d6PErtllres dis¢losed and
cxplained ÉtÈ the f3nancia] state￿entS-
- piEp3re the tinancial stat¢￿t￿lS on tbe goi#g concern basis unless it is inappropriate to presutne that the Charty wiu ¢ontinue in
operation.
The Trustees are rcspollsible for keepis]g adequate accounting records that disclose witb reasonable accuracy at any time the financial
pO$￿tiOn of the Charity and enable them to enswe that tbe f￿anCIal statements co]nply with the Companies Act 2006, the Cliarities and
TrL]Stee tnvestsnent (Scotlmd) Act 2005 and the Charities Accoullts (Scotland) ReBulatiolls 2006. They are also respoiisille for
Safeguarding tbe assets of the Charity and hence for tskiDg reasonable steps for the prevention and dthtion of fraud and other
irregiilar1ti￿.
The Tn3Stees responsible for the maintellance and integrity of the chaTity and finon¢ial inforniation inLlud¢d oa the Chaity's website.
Legislatioll in the United Kingdom goyemwg the pryration and diSsemir￿t10n of accounts Enay differ from I¢￿SlatiOn ill other
j￿1$diCtiOns.
Page 10

rt olthe Ind¢ endentAuditoi"s to the Trustees of
Dundce
nI￿a5￿(S Club 2K
Opinion
We have audited the financial statements of Dundee GJTnnastics Club 2K (the 'Charity') for the year eaded 31 January 2025 which
comprise the staTrment of fillancial activities, the balance sheet, the state￿¢￿t of cash flows and notts to the f]nancial statements,
iiicluding sigTrificant accounting policies. The f￿a￿tIll reportillg framework that ha5 been applied in Ihetr preparation is appliLable law
aud United Kingdom AcGouniing Stalldard%, including Financial Reporting Sta]idard 102 The Finallcial Ryrting Standard applicable
in thE UK Republic of Th"el&nd {United Kingdom Genei'ally Acceptcd Accountiiig Practice).
In our opinion the fmaiicial state￿¢￿￿..
give a tn]e and fair view of the slate of the ¢h￿.1tab1e COMpa￿Y'S affairs as at 31 January 2025 and of its incoming resources and
application of resources, includuig its illCo￿e and eXpE￿d]lur¢, for the year then Ended.
have been prO￿l'ty prepared in aeconlance witb United Ki]igdom Generally Accepted Accounting Prattice. and
have been prepa]rd in aGcordance with the requirements of ￿e Companies Act 2006, the Charities and Tn￿tee Inv¢smient
(ScotlaTLd) Act 2005 and Regulation 8 of the Char2ties Accounts {Scotland) Regulations 2006.
Basis for opinion
We Coiiducted our audit in accordance with Intemational Standards on Auditing (UK) USAS (Lll()) and applicable law. OL
ItSp￿sIbilitIeS under those standards are f￿¢r deg¢ribed in the 'Aiiditoffs responsibilitirs for the audit of fmancial State￿¢￿ts, section
of report. We are independent of the Charity in awordance with the edLi¢al requireTrents that are relevant to our audit of the
fingll¢ial statements in the UK, th¢luding the fRC's Ethical Standard, and we have ￿lf￿1¢d our other ethicaI responsibilities i
accordance with these requirements. We ￿lieVE that the audit evidence we have obta￿ed is sufficient and appropriate to provide a basis
for our opinio
Other matter. coillpar2tive information unaudited
The financial statements include comparative infonnation for the year ended 31 Jalluary 2024. These comparativ¢ figuiEs ivere not
audited, and thercfore we donot express an opinion on them.
Conclusions rel2ting to going eoncer
tn aiiditing the fjn&ncial staEements, we have ¢on¢luded that the Trnstees, use of the going concern basis of a￿Ounting in the preparation
of the fm2llcial statements is appropriate.
Based on the work we have pcrfomied. we have not identified any material uncertaintles relating to events or conditions that,
individualty or collectively, may cast Si￿Ificant doubt on the Chrrity's ab]lty to contiuue as a going conc¢TQ for a period of at least
twelY¢Jnontb5 ftom wl)en the financial statements are authorised for isSLIe.
Our responsibilitlts and thc rcsponsibilkties of the Trllstees with respect to going concern are described iTr the relevgnt 5e¢tions of this
report.
Other informatio
The trustees are ￿SponsIble for the other information. The other infomatioll Compl￿¢$ the inforn)ation 1￿clUded in the Annual Report,
other tlLan the fLnancial statements ourReport of the Jndependent Auditors thereoii.
Our opinion on the fJnanci&l 5tattllL¢nts does not covei. the other information and, except to the extent oth￿￿lSe explicilly stated ID our
repoA, we do not expi"es8 any totTh of as5ufdllCe Conclusion thereon.
In connection witkn our audit of the financial ststements, our wponsibility is to read the other informatioll an( in doing so, consider
whetheT the other ￿￿orMatiOn is materially inconsistent with the fmanci¥*l statements or ollt knowledge obtaitLed in the audit or
othetwise appears to be materially misstated. If we identify such material incowistencies or appatent material misstaletnents, we are
requ￿1 to detettnine whether this givE5 Ii5e ID a material misstatement in the financial Sfatements ihemselves. If, based on the work we
bave perfomied, we conclude that iheJE is a material ￿l$Statement of this other inforniation, we are required to report thai fact. We have
othlljg to retK>rt in this regord.
Page 11

of the Inde
endent Auditors to ihe TTU
Dundte G
nastics Club 2K
Matters on whicb are requii'ed to report by exception
We have nothiag to report u] respect of the following matters where the Charities Accounts {Scotland) Regulations 2006 requires u5 to
repoit to you if. in our opinion..
the given in the Rqx)rt of the Tnwees is inconsistent in auymalerial respect with the finaD¢ial statements,. or
thy chdTitable company has not kept adeqiiate e¢c0ullt￿￿g records. or
the fvjancial State￿entS are not in agreerlleni with the accountingrecords and rthms. or
we have not received all the infomiation and eKplanati(Fns we reqllire for our audit.
Rc5ponsibIlitl￿ of trustees
As explained more fully in the Stateinent of Trllstees. Respoll5ibllitEes, the trustees are responsible for the prepantion of the financial
5tatemenis and for being satisfied that they give and fair view, and for suGh internal control as tbe trustees detern]ine is necessary
to enable the Lyepatation of financial statemcnts that ale ftee frorn material Tnisstateriient. whether due to fraud or eryor.
IT* preparing the flltancial strdteTnerJts, the ttustees are responsib16 for assessing the cbaritable G[sJnpan￿S ability to continlle as a going
Collcem. dis¢losin& as applicable, nMtieTS related to go￿8 concem aTLd wing the going coll￿￿ basis of aclounting unles5 tbe trustees
either intend to liquidate the charitable cojnpany or to cease operatiolls, or have no rtalEstic alternative but to do so.
Page 12

ort of the t]id
elldtnt Audirors to the TEllStees of
DiiT]dee G
mnastics Club 2K
Oui- respoRstbilitlES for the a￿dit ol the finaneial statemeE]ts
We have been appointed a5 auditors under Section 44(IXcl of the Chatities and Tiustee ]nvest￿£￿t (Scotlandl Act 2005 and irport in
accordance with th¢ Act audrelevaot regulations made or having effect thereiindei..
Our objectives are to obtain reasonable assuranc¢ about whether ibe fttmncial statements as a whole are free from mateTial misstatement,
whether due to fraud or error, and to issue at] auditoi's report that includes our opiniolL Reasonable &%surance is a high level of
assLttan£e bul is not a giiarantee that an audit conducted in acconlancE Wlth ISAS (UK) wi]1 always detect a matetial ll]iSStalement whe
it exist5. Mi55tatBmenls Can arise from fraud oi. emir and are considered material if, llidividually oi" in the aggegate, they could
re￿onablY be expected to influence th¢ economic decE5ions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting I￿egUlarltLes, includiag fraud is detailed bBIow'.
At the plarnitig stage. we assess the risk of material misstatelnent and any such I￿¢gularitieS and desigll audit procedures tailored ro
these risk5 whidL will b¢ followed to ensure that we are capable of rneetinE our rc8ptsnsibilities ￿ this area.
With a tyharitable company we deem the Enain risks lo be maintaining the contitLuity of ￿cOMe streams. and i'etaining suffiGieni Nerves
to supportthe company.
Faetors I'elevallt to our assessmenl, which have a positive impact oll the capability of our proctdures to det¢¢t such i￿egUlaritIes. are the
size of the entity, the complexiry of the entitys operatioJ)s and our understanding of their regulatory and control eovironments.
The staff working on this audit assignment have been tully brief¢d in relation to the ¢hLrity's activities, including the iEgulatory regime
in which they operate.
As p￿1 of an audit u) accotthnce with ISAS Li￿), we exercise profe￿￿O￿al judgement and maintsin wofe&sional sccpticism throughout
the audit. We also.,
Identify and asses5 the risks of matertal rnEsbl{ii¢￿¢nt of the fin&￿tIal statements. whether due to fraud or error, design alld perform
audit pr(Kedures reSpo￿1ve to those risks, and obtain evideiice that is sufficient and appropiiate to proTride a basis for our
opinion. The risk of rnot detecting E material misstatement resulting from fraud is higher than for one ￿S￿lting from error, as fraiid
may involve collusion. forgery, intentional Omissio￿s, misiEpre5entations, or the override olinternal cO￿trOl.
Obtain an UnderstandU￿ of internal control relevant to the audit in order tD design audit procedures that are apprw'iate in the
circumstances, but not for the pu]pose of expressing 2n opiniotk on the effectiveness of the internal control.
Evaluate the appropriatentss of accounting policies used and the reasonableness of accountin8 eStiEaates and related disclosu￿S Enade
by thc Tntstees.
- Evalliatc the overaElpresentation, stTUCtUTe and content of the financial statements, includinE the disclosures,
aT)d whether the fll)an¢ial statements represeot the underlying tsansactiOn5 and events a mannerthat achieves fair presentation.
We ¢ommunÉ¢ate with those charged with governance rtgardllE, among other tnatters, the planned scope and timing of the audit aud
sl￿1ft¢ant audit fjndings, including gny sigTiificant deficiencies in int6mal control that we identify during our audit.
A fuither de5CriPtion of our responsibilities for the audit of the fmancial statements is located on the Fina￿cial Reportitig Council's
website at www.frc.org.uk1auditorsrespo￿lbllltIe5. 1'his description fornis part of our Report of the tndependellt Auditory.
Page 13

ort of the tnd
endent Auditors to the Ttustees
Duiidee
astics Club 2K
Use of our report
This Teport is made solely to the charitabl¢ CO￿panY'S trustees, as a body, in aCCorda￿ce with Regulation 10 of thE Ch￿itIeS AceourLtS
(Scotlandl RegiilatiOll5 2006. Our audit work has been undcrtaken sts that we might state lo Ihe ch8r2table cOmp(￿Y'S INsiees those
iallers we are reqll1r￿ to State to them in all auditOTS' rcport and for no other purpose. To the fullest extent p¢llniU¥d by law, we do not
accept or &ssume respollsibility to anyone other the Charitable company alld the charitable company'5 trustees &s a ix)dy, for o
audit work, for this rq)ort. or for the opRrrion5 we have fO￿lled.
Mu￿aY Igety C.A. {Senior StattLtory Auditor)
El￿gIble to act a5 gn auditor ill tellns of Section 1212 of the Compani65 Act 2006
BK Plus AuditLÈmite( Statutory Auditor
Chartered Certified Accountant$
144 Nethergate
Dundee
DDI 4BB
Date..
14èL M_I
Page 14

Dundee G
mnastics Club 2K
State￿¢￿t of Financial Activities
Inco
ratin
an Income andEx elldituie A¢count
foi. the Year Ended 31 Janua
31.1.25
Toial
nds
31.1,24
Total
fi￿05
&% Tesrated
U]￿triCted
fund
Restticted
fi]nd5
Notf
INCOME AND ENDOWMENTS FROM
Donations and legacies
891
891
16,218
Charitsble Activities
Charitable activities
517,263
517,263
420,185
Othei'trading activities
vesttnellt M]come
747
25
747
25
170
134
Totsl
518,926
518,926
436,707
EXPEIYDITURE, ON
ChgritsLblL activities
Charitable activities
515,960
515.960
448,777
NET llYCOLIIE, I(EXPENDITURE)
2.966
2,966
(12,070)
RECONCiLIATION OF FUNDS
Totsl fL]nd5 brought fonyaiyi
90,720
90,720
102,790
TOTAL FUNDS CARRIED FORWARD
93,686
93,686
90,720
The notes part of these financial statemeDts
Page 15

dee
a5tics Club 2K
Balance Sheet
31 Janua
2￿25
31.1.25
Total
fi]nds
31.1.24
Total
nds
as restated
Unrestiicted
fimd
Restiicted
funds
Note5
FJXED ASSETS
T￿￿gible assets
15
179,914
179.914
201,140
CURRENf ASSET5
StoclJ
r)¢bto
Cash at bank
16
17
4.808
945
11,425
884
24.996
884
24,996
25.880
2S,880
17,178
CREDITORS
Amounts faI]ll￿ due within year
18
(36,524)
(36,524}
(31,752)
NET CURiIENT ASSETS
(10,644)
(10,644)
{14,574)
TOTAL ASSETS LESS CURRELYT LIABILITIES
169270
169,270
186,566
CREDITORS
Amounts fal]ing due afier more than one ye&r
19
{75,584)
(75,5841
{95,846)
NET ASSETS
93,686
93,686
90,720
21
Unrestiicted fi]nds
93,686
90,720
TOTAL FUNDS
93,686
90,720
The Charitable company is enttiled to exemptiDn fiDm audit under Section 477 of the ConTrpanies Act 2006 for the year ended
31 January 2W25.
The ￿t￿bErS have Trot deposited notice, purs[￿at to Section 476 of the Compauies Act 2006 reqYTh￿ an audtt of these fillallciai
Statements.
The trn5tees acknowlcdge theirre%poDsibilities for
ensuTing that the ch￿￿table company keeps accollnting [eco￿lS th&É coinply with Sections 386 and 387 of th¢ Companies Act
2006 and
preparing f￿anCial statements which give a true and fair view of the state of affairs of the ch￿ttable company &% ttt the ¢nd of
each finaucial year and of its surplus or deficit for each finarA¢ial year itt accoL'dance with the requirements of Sections 394 a￿d
395 and which othenvsse CDmply with tbe wÉrements of the Companies Act 2006 ielating to financial statements. so far as
applicable to the charitable conipally.
Ib)
The notes fomi part of these financial statements
Page 16
continud...

These financial staten)ents have been ￿ldIted under the reqiiirenjents of Sedion 44(1)Icl of tbe Charities alld T￿￿tee Investment
{Scullandl Acl 2005.
The fmancial statements weie approved by the Boai'd of Trustees and allthorisal for issue on
signed on behalf by..
_L 2oL
and were
P Carson- Trustee
C Huxley - Trustee
The notes fomi part of these f￿anCial stateTnents
Page 17

Duttd¢E G
stics Club 2
Cash Flow Statement
for the YearEncted3
025
31.1.25
31.1.24
as restated
Notes
Cgsh floTrv5 from operatlng activili&s
Cash generated from operations
36,716
Net Cash providedby operating activities
36,716
Cash flows from investing aetivities
￿1￿has¢ of tangible fixed ￿Sets
(4,971)
{187,430)
Net casb used ill investllig activities
(4,971)
(187,430)
Casb floTrv5 from financmg activitie5
LO￿ Tepayments inyear
InvESttneot income
(18,199)
113,127
134
Net ¢&8h (wed tllJfvovidEd by fioancing a¢tiYitiEs
(18,174)
113,261
Change tn eash #nd cash eqllav&lents in the
reporting period
Cash and cash equtvaleDts at the beginniDg of
the reporting period
13,571
(53,058)
11.425
64,483
CAsh and cash equivalents at the djd ef the
reporting period
24.996
11,425
The notes part of tbese fjllallcial statements
Page18

Dundee G
nastics Club 2K
Notes to the
i Ende
Flow Sratement
RECONCILL4TION OF NET INCO11￿/(￿1 XPEIYDITURE) TO NET CASH FLOW FROM OPERATING
AcfiviTIES
31.1.25
31.1.24
as restated
Net Èncomel{expelldÉture) for the repoiting pcri(Ml (gs per the Slat¢ment of
Finaneial A¢tAvilies)
AdjustmeJ]ts for:
Dep￿ciation charges
vestment illconit
Decrease in stocks
Decrwel{increase) in debtor5
Increase in creditors
2,966
(12,0701
26,197
(25)
4,808
61
2,709
27,557
{134)
1.305
(945)
5,398
Net cash provided by operations
36,716
21,111
ANALYSIS OF CIL4NGES tN NET DEBT
At 1.2.24
Cash tlow
At31.1.25
Net cash
Cash at bank
11,425
13,571
24,996
11,425
13,571
24,996
Debt
Debts [all￿g due within l year
Debts falling due after l year
(18,198)
(95,846)
(2,064)
20,262
(20,262)
(75,5841
(114,044)
18,198
(95,846)
Total
1102,619)
31,769
170,850)
Thenoles follnpart of thes¢ financial statements
P&ge 19

Dundee
tics Club 2K
Notes to the FIna￿CIal Statements
for the YearEnded 31 Janua
2025
CHARrry INFORMATION
Dundee GyInnaslics Club 2K is a private company limited by gu2r3ntee incoryordted in Scotlartd. The company is re¢ogmised
& charity by tbt Office of tbe Scottish Charity R¢Eulator. The registered office is 40142 Brantwood Avenue, Dundee, DD3
6EW.
ACCOUNTING POLICtEs
Basis ofpreparing the fjnaDcial ststemenls
These accounts have been prepared ITh Rccord3nce with FRS 102 "The Financial Reporting St8ndard applicable in the UK and
R¢pubiic of Ireland" ("FRS 102 ), "Acci)unting 8nd Reporting by Charities tbe Statement of R¢cotuTrended Practice for
chi￿tLeS applyillg FRS 102, tbe C02np8nies Act 2006 and UK Generally Accepted Accounting Practice as it applies from I
Jauuary 2019. The Trust is a Public Benefit Entity as dcfincd by FRS 102.
The fill&ncial statenlents are prepared in 5t¢r]ing, wluch is the fiEDCtioTral cwrency of the Charity. Monetary amounts in these
]It￿ncIal statements are routtded to the nearest £.
Assets and liabilities are initia]ly recognised at historical cost or transaction values t]nless otherwise stated in the ￿1¢YaLt
accounting w)li¢y n(Ite(s).
Going cancern
tf the charity were unable to continue ￿ a going concem, tbe accounts would have to be adjusted to write down assets to their
coverable amount, to provide for any additional losse5 or liabilities tliat might arise and to reclassty fixed assets as curjtnt
Bssets.
tncome
AU i￿cOlne is recognised in ti?e Statement of Financial Activit1¢5 oiice the charity hBs elltitlemellt to the ￿llds, it 15 probable tbat
the income will be received and tbe amount can be measuied reIiably.
Cash donation5 are recognised rtceipt. Other donations are recognised once the Chaiity has been notified of the donation,
unless p¢rfomiance CO￿ditiOnS require defenal of the a￿o￿t. IncO￿t recover&ble ux relation to dulldtii)Js received ￿￿der
Gift Aid or de¢& of covenant is recognised at the tlln¢ of the donati￿.
WberE the charity receives atti)nymous donatiolls these recorded as uJ]restricted unless the dOTro￿5 intent ￿all be ascertained
by ally accompanying documelltatioJ. Where anonymous (>)natiQa5 are si￿]ficallt in value they undergo internal review to
ensure compliallce with legal andetbicaI st2ndards.
Legacies are recogllised oll ￿ceipt or otherwise if the Charity has been Dotified of an vnpending distributio￿ the amount is
known, alld receipt ￿ eA￿Cted. If the amount is not known,the legacy is treated as a contingellt ￿set.
Expelldit￿re
Liabdkties are re£ogryAised as expendittue as soon as there is a legal or GOt￿CtiVe obligation conunitting the charity to that
ex&Knditure, il is probable that a transfer of e¢onomi¢ benefits will be ￿q￿red settlement and the amount of the oblig7Ltion
be measured reliably. Expenditure is aeci)unted for on ao accruals basis and Iw been classiFied under headings that
agèvBate all cost related lo the category. Where costs cannot be dittctly attributed to partioul8r hoadings they hAve been
allocatedto activities on abaais consistenl with the llse of resources.
CharitAble expendEt￿r comprisas those costs incurred by the Ch￿lty in the delivery of acliVÉtie5 and seTrices to its
munbers. It includes both ¢OSES that can be allocated directly to such activities aTLd those costs of 8n indirect natLwe necessary to
support tknem.
Page 20
continlled...

dee
nastics Club 2K
Notv to the F￿anCIal Statt]nents- continued
for the Year Ended 31 Janua
2025
ACCOUNTING POLICIES- coDtiniied
Expenditure
Goyeimance costs in¢lud¢ ihose costs ètssociated with u]eeting tILE CD]tstitutional and 5taNt(ry requirements of the Charity and
include the audit fees and costs linked to the strategic management of the company.
All costs ate allocated between the expenditure cateoorie5 of the SOFA on a basis designed to reflect the use of the resources.
Costs relating to a particular activity are allocated ditECtly, others air apportioned on an appropriate basis.
TanEable r]xed assets
DepreGiation is provided at the following annual rdt¢S llL order to write off each asset over its estimated useful life.
tkasehold property iTrprovement
Plant ind machinery
Fixtures and fittings
15 /0 on reduciug balance
15/0 on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable v&Fue, after making due allowance for obsolete and slow Tnoving items.
Taxation
The Ch￿Lty is exempt from cory)oration tax on its ctwitable activities.
FuThd 8ccollnting
Unrestricted fim(ts can be used in accordgnce with the ¢haiitable obje¢tives at the discretion of the trllstees.
Restiicted fimds can only be used for pgrticular restricted puryy)ses within the objects of ttLe clwity. Restrtctions arise wher
specified by the donor or when funds are ￿]Sed for p￿t]￿lar re5trickd PULposes.
Further eXpla]￿tIon of the nature 2TLd purty)se of each fi￿d is included in the notes to tbe financial statements.
Pension costs and other post-retirtment benefits
The ¢haritable comwdlly operates a def]ned contribution pension scheme. Contributions payablE to the charitable company'5
nsion scheme aTe charg&l to the Statement of Financial Activities iti the period to whiGhthey relate.
Operating lease eosts
Rentals payable wider operating Iwes are Gharged to Expenditure on a straight-line basis over the terni of the lease,
accordance with FRS 102. Lease incentives, illcliidiDg rèttt-free pcriods th" reduced initial rental p&yments, are spread evenly
over the lease tejrn. The charity [ecogniS￿ operating lease costs within eX￿ndItsire on the Statement of Financial Activiiies.
Future minimum lease paymeThts under non-cancell&ble operating leases are disclosed in the notes to the flljancial ststements.
Leasehold property Improve￿entS
Leasehold improvements are capitalised at cost and depreciatEd over the shorter of the usefvl econO￿lC life of the asset or the
I&￿¢ tern, including any period for which the charity is rtrdsonably Certai￿ that the lease will ￿ extended or not tetminated.
Depreciation is charged on a straight-line basis.
UsefiEI lives and certainty regarding lease extensions or tennination options are ieviewed allnually in line with FRS 102 Section
17.
Page21
contillued...

Dundee
asti¢s Club 2K
Notes to the Finatt¢ial Statements- GOnti￿ued
for tlie YearEnded
2025
ACCOUNflNG POLICIES- continued
E￿plOyee benefits
The cost of any unu5¢d holiday entitlement ts rccognised in the paiod in wkllch the employee's services are rece2ved.
Tern]ination benefits are recognised inune(thately as an eX￿llse when the CoMpa￿Y is den]onstrably cornn]itted to terniinate tbe
employment of t￿ployee or to provide tennination bEnefits.
DONATtONS AND LEGACIES
31.1,25
31.1.24
as resEated
Donation5
891
16,218
OTHER TRADtNC AcfivITIES
31.1.25
31.1.24
as restated
Sale of goods
747
170
INVESTMENf DICOME
31.1.25
31.1.24
as restated
Deposit account iDterest
25
134
]FICOIVIE FROM CHARITABLE ACTIVITIES
31.1.25
31.1.24
as restated
Activity
Charitable activities
Ch&itable activities
Chaiitable activities
Charitable actrvities
Fees
Cotnpetition & workshop fe¢3
Hall hire in¢ome
Other income
492,426
6,165
14,586
4,086
412,271
2,962
2,960
1,992
517,263
420,185
Page 22
continued...

Dundee G
nastiu Club 2K
Notes to the Financial Statements- continued
for the Year Ended 311aniia
2025
c￿4RrrABLE ACTIVITJEI S COSTS
Support
Costs {see
note 81
Direct
Costs
Totals
Charitsble activities
508,936
7.024
515,960
SUPPORT COSTS
Governance
costs
Charitable activities
7,024
NEI T tNCOMEI(EXPENDrruRE)
Net incompJ(expendituw) is stated afteTrh&rEing(crediting)'.
31.1.25
31.1.24
Deprecialion- owned assets
Audit fe&s
26,197
5,400
27.556
31.597
27,556
io.
TRusfEES' REMUNERATION AND BENEFTrs
Duriug the yw:
i) Beate Petersen, SeCr￿ary ofthe charity, was paid a salary of £31,384 (2024- £29.553) for
coaching services.
ii) Paul Carson, treasurer ofthe tharity, wgs paid a salary of £13.416 {2024- £12,460) for coaching atLd
administrative services.
Ill) Clare Huxley, trustee of the t1￿￿ty. wa5 paid a salary of £1 1,839 {2024- £10,737) for adm￿lstratiVe services.
Page 23
¢ontlliued...

Dundec G
Club 2K
Not6S to the Finan¢ial State
forthe Year EndBd
ts- conttnucd
2025
io.
TRusfEES' REMttN£RATION AND BENEFrrs- coThtiiiued
Tru5tees' expeDS
Jn accordance with the Charities SORP (FRS 102), the ch&ity is required to disG105e all expens&s incutred by tTUStees, as
trans&ctions involvillg trustees musi always be regar&d as Th￿terial. The following %nfonnatioiL is therefore provided in the
ot¢s to the fin&uciat statements..
During the year. 3 in￿tee5 (2024.. 3) weye reimbursed a total of £2,560.81 {2024'. £2,479.53) for expenses incutTed in fu￿lI￿ng
their duties. These expenses related totsavel, accommodation, camp costs, oLYice costs, le￿ardS and eV￿t ¢05ts.
No other trustee received iE]niu]eration or any other benefit from the charity during the year. Where expenses were p&id directly
by the charity on bEhalf of truste￿ (for example, booking travel or accommodation), these amoullts have been ￿cluded within
the totals disclosed above.
ii.
STAFF COSTS
31.1.25
31.1.24
as restated
Wage5 and salaries
Social security costs
Otkner peJ]sion costs
311,039
253,293
5,751
2.328
2,692
320,134
261,372
The 2024 comparative alnount for employths natio[￿] insurdnce ha5 been ￿C[aSsIficd from wages & Salary costs.
The aver&ge monthly number of employees th￿Ingthe yeaT was a5 follows:
31.1.25
31.1.24
restated
Coaches
Administrative
32
33
32
No employe￿ received ernolLllllents ill excess of £60,000.
Page 24
continued.,

Dundee G
tics Club 2K
Notes to the Financial StatelllEnts- Continued
for the Yeai" Endedi l Janua
2025
12.
COMPARATIVES FOR THE sTATEl￿ENT OF VENANCIAL AcfivITIES
Ulkrestricted
fiind
Restricted
fvnds
Total
funds
as ￿ststed
¥COME AND ENDOwI¥IE1￿ FROM
Donation5 k)nd legacies
16.218
16,218
Charltable 9Ctivities
Charitable activities
420,185
420,185
Other tJxdinE activities
tllvestmtnt income
170
134
170
134
TotAI
436,707
436,707
£XPENDITUIiE ON
Charitable gctivities
Charitable activities
448,777
448,777
BT INCoTr￿￿XP£NDjT[IR￿)
(12,0701
(12,0701
RECONc[L￿TIoN OF FUNDS
Total fu￿d$ brought forward
102.790
102,790
TOTAL FUNDS CARRIED FORWARD
90,720
90,720
13.
PRIOR YEAR ADJUSTIl￿N￿
During the year, it was diScov￿.ed tbat depreciation on leasehold propety imwovements was omÉEted in the f]nancial y
ended 31 January 2024. As a result, Leasehold Propety Improvements were overstated by £13.495 and Retained Eamillgs were
overstated by £13,495
The en'or has been corrected by restating the comparative figures. The itnpact on the financial st&tements is as follows".
Statement of Comprthensive Jncom¢.' Depreciation expetjse for 2024 increased by £13,495, r6sulting in 8 decrease ill wofit for
the year of £13.495
Statement of Fin8llcial Positioll.. Accwnulated dq)re¢iation increased by £13,495 and retained eamings deueased by £13,495
Page 25
continued...

Diilldee G
astics C
ub2K
Notes to tbe Financial Statemenrs- c
for the Yea
Ended 3l Janu
14.
OPERATING LEASE COlItfflTMENTS
DGC2K occupies premises Lmder 8 non canc¢llabl¢ operating lease for its gymDa5Éics c]ub facilities. The lease co￿￿￿enCed on
30 November 2022 for a period of 10 yea[5, e￿al￿g 29 November 2032. The annud Jynt 15 £40,800, payable in monthly
Enstalmenis of £3,400, paid in advance on the r￿St day of each month.
The lease contains a tenant-ODly ￿eak option on 30 November 2027, exerci5&ble with six months, notice. In accordance with
FRS I¢Y2, there is clllleut evidence of intention t(F Yacate so we can conclude t1￿1 they will not exercise the break. Therefore,
ture min1￿U￿L le8se corn]nitments are disclosed up to 10 yea￿.
Futllre minimum lease payments under noD-cancellable operating lehs&8:
o Within one year.. £40,800 (to Jan 26)
o B¢tweEn two andfive years.. £163,200 (to 2030)
o After than five y&)rs.' £81,600 (to Jan 2032)
Totsl fvture comMit￿t￿ts.. £285,600
15.
TANGIBLE FIXED ASSIITS
Leasehold
propety
mprovement
Fixtures
alla
fittings
Plant and
machinory
Totals
COST
At l Eebnjary 2024
Additions
134,953
[27,722
4,971
14,362
277,037
4,971
At 31 January 2025
134,953
132,693
14,362
282,008
DEPRECIATION
At l Febniary 2024
Charge for year
13,495
13,495
51,954
12,115
10,448
587
75,897
26,197
At 31 January 2025
26,990
64.069
11,035
102,094
F4EI T BOOK VALUE
At 31 January 2025
107,963
68,624
3,327
179,914
At 31 JaThuary 2024
121.458
75,768
3,914
201,1É10
Page 26
continlled...

Dundee G
tics Clllb 2K
Trlotes to the Financial Statements- ￿n1￿Ued
for the Ytar Ended 31 Janua
2025
16.
STOCKS
31.1.25
31,1.24
as yestated
Stocks
4,808
17.
DKBTORS: AMOUNTS FALLING DUE WITHJN ONX YEAR
31.1.25
31.1.24
as iEstated
Trade debtors
884
945
i&
CRfi DrroRS: ALIqOUINTS FkLLiNG DUE WITEllN ONE YKAR
31.1.25
31.1.24
as restattd
Bank loans and ov¢rdr8fts (see note 20)
Trade credito
Social security and other taxes
Ac¢n￿d ex￿￿se5
20,262
6,658
3,422
6.182
18,198
8,845
2,792
1,917
36,524
31.752
The 2024 comparative figure for bank loan has been reclassified from all due within one year to show a￿ollnts due within one
year and after one year.
Taxauon aJ]d social Security has been reclassified fro￿ accrued expense5 in 2024.
19.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR.
31.1.25
31.1.24
restated
Ballk loans {see llot£ 20)
75,584
95,846
During April and May 2023, the chaFity drew down £50,000 (on 6 April 2023) £45,000 lon 26 May 2023) under it5 Social
tttvesttnent ScotlaThd facility. Ibese loans are bcine repaid by fixcd monthly instaltnents of £1,785.13, with the final repa￿Ent
due on 31 March 2029.
A firfer loan of £25,000 drdwn oji I September 2023. Thi5 loall is being reÈMid by month]y in5taknents of £435.40, with
the repayment due on 31 August 2029.
The ltrans are unsecured. tnteTest is charg¢d at a fixed rats itLcorporated withuL ttLe monthly Tepayment amoM)ts. At 31 January
2025, the outslandllE loau ba12nces are tncliided within UEditOE5 falling due within one year and ¢reditors fal]in2 due after
more than one yedt, based on the agreed repayment schedules.
Page 27
Continued..

Dundee G
astics Club 2
Notes to the Financial Statements- Con
fly the Year Ended 31 Janua
202
ued
20.
LOANS
All atMlys&s of tbe maturity of loans is giveu below..
31.1.25
as restated
Amounts falling due within olle year on demand..
Bank l¢)aJs
20,262
18.198
Amounts falling due Ethen two and five years..
Bank l(Mns- 2-5 ye
75,584
95,846
21.
MOVEIWIENT IN FUNDS
Net
movement
in fimd8
At
31.1.25
At 1.2.24
Unrestritttd fuTrd5
General fund
SY),720
2,966
93,686
TOTAL FtDtDS
90,T20
2,966
93.686
Net MOve￿£￿t in thllds, inclu&d in the above are as follows..
Inci)ming
resources
Resources
expended
Movcment
in ￿ndS
UnreslTltted
Gen¢ral fi￿d
518,926
(515,960)
2.966
TOTAL FUNDS
518,926
(515,960)
2,966
Page 28
cortinlled...

Dundee G
na5tiC5 Club 2K
Notes to the Financial Statements- ￿nti￿lled
forthe Yeai. Ended 31 Janua
2025
21.
MOVEM£I NT IN FUIYDS- continued
Comparatives for moveillent funds
Net
movement
in fim(ts
At
31.1.24
At 1.2.23
Unrestricted fuJJds
General fund
102,790
(12,070)
90,720
TOTAL FUNDS
102,790
(12,070)
90,720
Comparative net rnoveEnent in fimds, included in the above as follows..
Incoming
reS0￿ceS
Resovroe5
expended
Movement
in fun<
Unreytricted fuuds
Genffl'al fund
436,707
(448,777)
(12,070)
TOTAL FUNDS
436,707
(448,777)
(12,070)
A cunrDt year 12 montbs and prioryear 12 months Co￿bIned position is a5 follows..
Net
movemellt
in fl￿d9
At
31.1.25
At 1.2.23
unr￿tricted funds
General fund
102,790
{9,11)4)
93,686
TOTAL FUNDS
102,790
(9,104)
93,686
Page 29
Continu￿...

Dulldee
astics Club 2
Notes to th¢ Financi&l Statements- contillEied
for the Year Ended 31 Janua
2025
21.
MOVEMENT IN FUIYDS- eontinued
A cunent year 12 rnonths and priorye3r 12 months combined net n]ovement in fi￿d5, included illthe a&)Ye are as follows..
[n￿mIng
resources
Resources
¢Kpellded
Movement
in funds
Unrestricted funds
General fi￿d
955,633
(964,737)
(9,1114)
TOTAL FufiDS
955,633
(964,737)
(9,1041
22.
RELATED PARTY DISCLOSiJRLI S
During the ye￿. euded 31 January 2￿24. the charity undertook sigjiificant improvemeat works to the leased Brown Street
premises. The total cost of tbese improvements 8mouLied to £134,953.
As part of this project, payments totallEng £41,294 were made to Carson Contract4 a constsuction serv2¢es provider. The owner
of Carson Coutracts is the brotber of Paul Carson, tbe Cluvs Treasurer and a Thstee of Dundee Gynmastic Club 2K.
This relationship CQE]*itutes a iElated party trdnsaction the Charities SORP (fRS 102). The Tn￿tee involved did not take
part in decisions relaling to the engagement of Ca￿On Contrd¢ts or the approval of payments. The remaining Trustees
satisfied thal the work was undertaken oll commercial ternis, at competitive rates. and the best interests of tbe charity.
Durllig the year ended 31 January 2025 Louise Carsoll, wife of Paul C&tson, received ￿OsS rem￿trdti9ll of £22,473 (2024..
£23,447) and employer pensioll contt'ilwtions of £487 (2024.. £510 were paid on her beba]f,
No other related paty ￿a￿aCtiOnS requiring disclosure weK identified dthing the year, other t1￿ what has already been
disclosed ill the employment notes.
Pag¢ 30

Dundee G
astics Club 2K
Ikraiied S
ear
Financial Aciivities
nded31 J
31.1.25
31,1.24
as restated
INCOFIIE AND EtgDOWI¥IENTS
Donat10115 and l¢%acies
Donations
891
16,218
Other trading activities
Sale of goods
747
170
Inve5ttnent inC0￿e
Deposit account intsrest
25
134
Ch2ritable actiYitÉes
Fees
Competition & workshop fees
Hall hire income
Other income
492,426
6,165
14.586
4,086
412,271
2,962
2.960
1,992
517,263
420,185
Total 1￿COMi11g resouretts
518,926
436,707
I XPENDITURE
Charitable activitie5
Staff
Employers national iDsuranc¢
Pensions
Travel expenses
Office & st2tionery
Dues & subscriptions
HiEe of premises
Insurance
DepreciatLOll
Trait]ing & grades
Gym & compctition kit
Repairs & renewals
Computer & website expenses
Bank & ciedit card charges
Telephone
Carried fonvard
311,039
6,403
2,6
3,986
1,558
4,649
96,422
3,447
26,197
1,165
3286
4,804
259
19,081
498
485,486
253,293
5,751
2,328
5.281
299
3,081
104,005
3,390
27,557
3,828
3,500
1.366
713
13,711
861
428,964
This page does llot folln p8rt of the statutory fmancial statements
Page31

Dundee
tics Club 2
DelaÈled StaEernent ofFinan¢ial Activities
for the YearEnded 31 Janua
2025
31.1.25
31.1.24
as restated
Charitable actiYltAes
Broughi fotward
Heat, light & power
Lom interest
Cleaaing expenses
Coaches, kit & UllTf(Yms
485,486
14,151
8,484
815
428,964
7,852
6,505
589
140
508,936
444,050
Sknpport Costs
Governance costs
Accountancy alld legAI fee$
Audit fees
1,624
5,400
4,727
7,Q24
4,727
TotaI resources expended
5l5,960
448,777
Net incofflel{eApenditure)
2,966
(12,070)
This page do￿ not forni part ofthe statutory financial statements
Pagc 32