The Glasgow Hawks Sports Trust Annual Report and Financial Statements 31 May 2025 R8pistèred Charity Number: SC040500 Reglstered Company Numb¢r: SC354744
The Glasgow Hawks Sports Trust REPORT OF THE TRUSTEES Reference and administrative infomation Trustees elected by the members D8vid J M8clay Kenneth Hamilton The Tw5t ¢5 a COTnpany limited by 9u3ranlee. The company regIstran number is SC354744 and rt Is r8glstèr8d as a charity in Scolland, charity number SC040500. Company secretary Dawd J Mad8y Reg6stered address.. 319 St Vir*conl Street Glasgow G2 5RZ Advisers Bankèrs Bank of Scolland Independent examiner John F Mason B.Ac¢, CA Chartered Accounlant 227 West George Street Glasgow G2 2ND
The Glasgow Hawks Sports Trust Directors, Report The direclofS Present their report together with finanaal slatements ol tho charity for thè year endeil 31 hA8y 2025. These fJn8n¢ial stBternonts consolidate the company and its subsidiary the Glasgow Hawks RFC Limited. The Glasgow Hawks Spotts Trust Ilhp Yiust. or Ihe'company") w8s incorporated on 9 February 2009. This pOrt has been prepared in accord8nco with ¢h& provisions applicable to companies enbued to small companies, exemption. The infomalion wtth respect to directors and adviseTS set on page 2 fom)s part of this report. The fin8n¢ial stslemenl have bpen PPared in aCrdance with the accounting policies set out in note 1 of the accotsnts and comply with the ¢harity's Trust Deed, the Chadties and Twslee Inve81tnenl ISGollandl Act 2005. The Charitses Accounts Iscouandl Regulations 2006 (the Companies Acl 20C*, FRS102"The Financial Reporting Stsndard appli¢able n the UK and Republic of Ireland. and Accounting and Reporting by Charities.. Statemènl of Recommended Pra¢ applicab18 to charities prepari their acwunls in 8ccordance wth the Financial ReportirvJ Standard applicable to the United KFngrtom 8nd Republi¢ of IrelaE IFRS 1021 Charitable Status The Trust was grantèd th8rilable $tstUs by the Office of the Scottish Charity Re9ulatOT I"OSCR°l on 18 May 2009. 11 has also been 9ranted rèlief from Corpo¢allon Tax under Section 505 of the In¢ome and Corporation Taxes Act 1988. Charitable Objects, Mission and Vision The object of the Trust is to promote and encourage the parti¢ipalion of all persons (irlUdIng, in p8rtKul8r. children and young adults) in the sport of rL¢gby in Glasgow and the ViCAnitythereol I'Local Community'l., to provide facilities and 8clivits.gs relaling tr) sport and sports ¢08ching with the object of Èmproving the conditlons of life forthe person$ forwhom the fa¢i1Sti¢s of coachin9 are provlded,. and to promot8, la¢ilitsle, fvnd. provide artd encourage sports coachir4J in the Local Communty and projects charitable in taw beneficial to the communlty. Governing Document The Tru31 is govemed by rts Memorandum and Articles ol ASSoaatn. Memb6rs As set OL¢I in the Artides of Associai¢on, there can up to twenty iwo members ol the Trust. There are currenuy Nyelve Relevant Organisation5 which ur)deT Ihe Articles of Association are entitled lo be or become a member of Ihè Trust upon giving written notice of Iheirwish lo bÈeome a memberlo the directors. Aithe yearend, the e1ve Relevant Or9anisÈli¢)ns, all wM were members, were as follows". Glas9ow AcademiGal Club The Glasgow High School Club Limited The Kelvinside Academical Club GHK Rugby Football Club Glasgow Academicals Rugby Section Glasgow Hawks Junior Section The Glasgow Acadernicals War Memorial Trust KeIVinde Academy The High S¢hool of Gl8sgow Limited Glasgow Hawks Supporters Club GHK Mini Rugby Section GIBs9ow ArAd8mic8ls Mlni Rugby Section Results for the period The Trust continued to attract fundirrfJ lo enable it to fund the participation ol youth rugby in the local community. The Consdidate(I Slalemenl ol Finat)cial AGtivilies shows 8 net movement in funds of £9 deficil12024 £3,678 deficit). As 8 charitable organisalion and a company limited by guarant80, there will be no payment of a clividend. The Trust has considered the reserves reqUId and have nSidered their ¢tJrrent and futvrg liabiliti'es. The Iruslees 3Pm to maintsin free reserffjs in unreslricled funds ol around £3,IXJO. This level of reseNes has been maintained Ihroughoul tho yeor.
The Glasgow Hawks Sport5 Trust Nethercraigs CIC Our trainlng arrangement has mved lo Nethercrdigs Sport Facility whl¢h1s currpntty in tho process of bgrng transferred from Glasgow Life to a Community Interest Company which we aTe 8¢tiv6ly supportiNJ. This will exl¢nd our community links and may provide new opportunihes to develop adult and youth rugby aclivty In 8n artt8 of nead wthin C boundary. This will bs trxplor8d mor8 lully by The Trustees over the next 12 months. In the meantime Junior rugby continues to bg offered through our 888ociated orgaThisations- GHK RFC and Glasgow Academrcals. Club rugby The vast majority of our Iay&r9 arè young people Under21 years with a large group of18 year old players {14}. OUT levels of participalion have continued to grow witr regular attendan¢e at training and team sesslons In excess of 50. We have a strong foc¢Js on develoFmenl palhvrdys this has proven $u¢¢e$slul wilh 5 play&rs Ing on to represent ScotLand al Under 20 age gioup level. The support that we provNJe in physical and ski115 development SUPFAernented wlh a strong commitmgnlto mental h&olth with links lo speGial4st ayen¢ios and profes$lonal$. This MaInS a priority for us. Plans for the Future We rern8in ¢tsmmitted lo rgtsining a high profilo and us¢ whatever influence we have to improve the govemance of Scottish Rugby. We have managed to contribute po&tively to recent improvements in this regard. Wè will continu8 to look lo offgr additional opportunity to yo¢Jng people based on rugby activity. Recruitment and Training of Trustees As in Ihe Artlcles ofAssociation, there a uplo enty-¥0 trustees. olwhom fv4elve are nomln818d bythg Ran1 ganlsalions. The remalning Independent Tiustees a elected by the shatyholdgrs. All Ind&p$ndgntTrusi88s from office at Ihe first Annual General Meeting, ar at every subsequgnl Anntjal General Meeting one thlrd of the IndepeThJent Trustees retire. OT Ff their nurnbeT is nol thrgtr or a multiplo of three, Ihe nearest to one third shall retire from office,. but, if there is only one IndgpÉndent Trusteo who is stjbject to retirement by rotation. helshe shall retire. If the Twsl, 81 tho meeting 8twhith an Independent Diiector ret1$ by rolalion, does not fill the vacancy the retiring difedor $hall, il willing to act, be deemed to hav& been reappoinled unless al the megling it is feso¢ved Thot io fill Ihg vacancy or unless a resolution for reappointment of the director is pul to the meeting and lost. An 8nalysls of th9 complementary $kills of U)e trustees has been carried out so that the recrustment of new Iruslees, 88 and when required, focuses on ihe skills which the Board requires. Organisational Managemenl During the year under review the Trustees mel as ofteri as wa$ felt necessary. The day-l¢>day management being delegated lo the office beare ansj senior manag$m&nt of Glasgow Hawks RFC Limbted. They discharge the re$ponwbilili&s for 0ratiOnl managèmenl inclLiding finance, employment and mis6ionrfelaled activity. Group Structure and Relationships The Trust h85 8 wldly ownad subsidl8ry company, Glasgow Hawks RFC Limiled (Company Number SC1763721 whith Was irwwreted in 1997. Risk Management The TrusteB$ recognise the need to develop sound systems of intsmal risk control and to implwnant effective rlsk managèment across the organisation and ils operations.
The Glasgow Hawks Sports Trust Child protection policy The Trust and its subsi(Jiary recognisB th81 all those frnvolved in the coaching or supervision ol children a$wi8ted ryth the club have a duty to safeguard the welfare of those children. This duty extends to the prevention of physical, sexual or ¢molional abuse of children associated the Glasgow Hawks Sports TDJst or Glasgow Hawks RFC Limited and shall be 3pplie(S regardle55 01 a child's sex, race or religion. A child proleclion policy has been developed and is monilored by the Twst lo ensurtr il És rigorously #dhered lo. Equality policy The Trust Ènd its subsidiary 8ie committed to èquity for all sectors of th8 eommunty. It is the polw to ensure no club personnel wt15 recewe less favourable treatment on the 9round$ ol age, gender, maritsl status, sexualty, Bfflploymenl status. sc¢ial class, colo(tr, race. ethnic or natural origin, reluious belief or disability, or will be disadvantaged by condthons or requirements which are not relevant lo performance level. It ensures Ihal all members are aware of, understand ar follows the equity slalement and in doing so aim to eliminate any baNiers or perceived barriers lo participation in the charity's activities. The implemgnlalion of the pO¢Y is VIV iegularty and monitored ftsr effectiveness by Ihe Trusle8S Bnd the Glasgow Hawks RFC board ol directors.
The Glasgow Hawks Sport5 Trust Stalement of Trustees, responsibilities The trustees Iwho a also directors olThe Glasgow Hawk$ Sports Twstforth8 purposes of company lawl ate responsible for preparing the Trustees, Annual Report anil the fin8nci8I stsletnents in ac¢ordance ith applicable law and United Kingdom Accounting Standards (United Kingd¢)m Geneially Aecapted Accounling PraclKel. Cornpany18w iequify$ the twslees to pale financial statements foT ea¢h fin8ncial year ¥thi¢h glve a Iwg 8nd f8lr vlow of the state of Bffairs ol the charitable company and of the group and of Ihe incoming $oUrCeS and application of resovrces, Including the income and expendiluTe, ol the tharitabl$ group for that period. In preparirKJ these financial siatements. the Tpjslees are requlred lo.. sÈlÈet suitabl8 accounting pol¢cles and then app them con5iStenlly', tsb$erve 1he methods and princspals in the Charities SORP IFRS 1021- make judgements and accounlirrfJ estirn81gs thet arp reasonable and PnKlent', stale whether applicable United King(k)m Accounting Standards have been followed, subject lo any material departures disclosed 8nd explained in the financial statements; and ppare the finandal statements on the going concem basis unless it is inappropriate to presume thalthe charftsble company thill COntinL in operation. The Trustees are responsible for keepi[ adBquate a¢cou)lin9 records that dlsdose with reasonable accura¢y al any time the financial poglion of the charitablè company and enable them to ensure that the financi8151818menl8 comply with Ih Companies Act 20[. the Charities and Trustees Investmenls (Scollandl Act 2005 #nd the Charitiès Accovnt Iscoland Regulation 2006. They are also responsible for safeguarding Ihe assets of the ¢haritable company and the group and hence lortaking reasonable steps for the prevention and det¢¢lion of fraud and othei itTegularities. The Tnjslees are respon5tble for the maintenance and It)leg¥ity ol ihe corpoTale and finan¢ial infomiation Incltsded on Ihè haril8bl& ¢ompany'$ website. Legislation in the United Kingdom governing the preparation and disseminatiors ol financial stslements may differ from lsIatiOn in otherjuri8diclions. Approvsd by thè Board ofTrvstees David Maclay, Trustee 26 F¥bruary 2026
The Glasgow Hawks Sports Trust Independent Examiner's Report to the Trustees of The Glasgow Hawks Sports Trust I report on the accounts of the charity for the period ended 31 May 2025 whi¢h are 8el out on pages 8 to 15. The rgport is made sokty to the charrty's trustees, as a body, in a¢cord8n¢e with guI3"0n 11 of Ihg Ch8ri1È5 Ac¢ounts (Scollandl Regulation5 2006. Respe¢t4ve responsibilities of trustees and èxaminer The charity's trustees (who are a150 the directors of the wmpany forlhe purposes of company18w} are responsible for the prepar8lK)rÈ of the 8ccounts in aecordancè wkth the tgms of the Charities and Tfustee Investment Iscotlandl Act 2005 and Ihe Charities A¢¢ovn18 Iscotlandl Regulalions 2006. The chaiity trusteos considerthat Ihe èu(Jit requ5ment of Regulation 10111 lal to Icl of thè Accounts Regulations doès not apply. It is my responsibility to examine the accounts as required under section 44{11 Icl of the Act and to stale whether particular malters have come to my attention. Bast5 01 indeperYenl examifierfs s181emnl My examination is carried out in accordance wjth Regulatlon 11 of the 2W6 AoUn1S Re9ulations. An examlnation includes a review ol ihe accounting records kept by the charity and a comparison of the 8ccounls presented with those records. 11 also indud8s consider8tion of any unttsu81 items or disclosures in thè aceounts, and sèèks èxplanations from th8 trusta8S Cor8M19 any su¢h matters. The procedurfys undartak8n do not provide all the evidence Ihal would be requirg(I In an audil. and consèquently l (k) not express an audit oplnion on the view given by the accounts. Independent exarniner's ststernefit In th& ¢oursè of my Èxaminatlon, no matter has comè to my attention which gives me reasonable cause to believe that in any m8teri81 raspect the requifèm8nls'. tr) kèèp accounting records in accorda@ wth S6Ction 44111 lal of the 2005 Act and Re9ulation 4 of 11 2006 Accounts Regulations., and to prepare accounts which accoTd with the acci)unling records and wmply with Regulakn'on 8 of the 20C Accounts Regulations. have not been mel, or to wh¢ch, in my opinion, att8ntson should be drawn in order to enable a proper understanding of Ihe 8ccounls lo be reached. Usg ol our rnport This report is madè to the company's board of directors, as a body, in accordance with the temis of engagement. My work has been undertaken to ertab me lo undertake an independent examination of the tharity's accounts on behalf ol the company's board of directors and for no 0tt7er purpose. To the fullgsl 8Xtenl permitt8d by law. I do not accept or assume sponsibility lo anyone other than Ihe ¢ornp8ny and the ¢omp8ny's board of dlrectors as 8 body, for my work or for this report. John F Mason B.Acc. CA, Independent Examiner Chartered Accountant 227 W8s1 George Stre&l Glasgow 26 Febfuary 2026
The Glasgow Hawks Sports Trust Consolidated statement of financial activities (including the consolidated income and expenditure account) for the year ended 31 May 2025 Unr8Strtcted Reslricled ILtnds fund9 Total UnrestA¢ted 2025 fiJThJ5 Re$tri¢ted fvr¥J$ Conllnulng operqts"on5 2024 Noit Income from.. Charitsble a¢tiviti8s'. Glasgow Hawk5 RFC 125,145 12S.145 85.153 85,153 Donabon5 and legacies". 34,659 22.128 Voluntary irK4me 34.859 22,126 Toial in¢oming resourc 1S9.804 159,804 107,279 107.279 Expendfture on.. Charilablt a¢tiwli&& Comn7unlty rugby Seniix wgby 158.963 158,963 110,107 110.107 Gov8manc8 costs 850 850 Total expenLSilure 159,813 159.813 110,957 110,9S7 Net 6efiil for Ihe ye8T before lax 191 19 13.6781 13,6781 Corporation tax Nei movement in funds Ib8lng n8t inujrne and expen(JiluTe for the ygarl 191 191 13.6781 13.6781 RecontlN8ti0n dfunds.. Total funds bTought fonvard 3.450 7,128 7.128 All gains and losses Tecognised in the y68r are Induded In the slatement of financial activities. There 1$ no material difference between the nel income for the period as stated above and their hislorical cosl equtvalènts. The noles on pages 11 to 16 form part of Ihe financTral statement$.
The Glasgow Hawks Sports Twst Statement of financial activities (including the income and expenditure account) for the year ended 31 May 2025 Unreslrfcted fvnd$ Restrkte Fund$ Total 2025 unStrIaB Funds Re51riGted funds Total 2024 Continuing operatsons Note Income from.. OonatM)ns Bnd Voluntary Income 36.579 36,519 17.862 17,962 Totsl Incoming Resources 36,519 36,519 17.962 17,962 Charitable avItieS 26,519 36,51 17,962 17,962 Total expenditure 36.519 36,519 17,962 17.962 Net SLSfplus for the year befLY6 tsx orporalion tax Net movernenl In funds (being net income and expenditu lor lh6 yearl ReconcAliation of fu$.. Total lun¢Ss bro ht forward All gains and lo$se$ recognised In ye8r arg indude(l in the ststement of financial activits'es. There is no materi81 difference betr4een the net income for the perfod as stated aixwe 8niJ their histo1 c051 equivalents. Tha notes on page$ 11 to 16 form p8rt ofthe financial stslements.
The Glasgow Hawks Sports Trust Balance sheets at 31 May 2025 Company number- SC354744 Group 2025 Twsl 2025 Group 2Q24 Trust 2024 Crn1 assets Debtors 2,001 4,184 Ca$h at bank and In hand 3.222 6,606 7.386 Creditors.. amounts laming due within en? year 13.1651 13,9361 Nel current a55ets 3,441 3.450 Nei ass¢ 3.441 3,450 The funds ofihe ¢harity. Called up share capita1 Uthrtssirict fijnds 3.441 3,450 Towi funds 3.441 3.450 These flnancial statements have been prep8red in 8ccordBnce with the CoMpanS Acl 2006. la) For the peri(Kl endgd 31 May 2025 the company was enlilw to tho eMP0 sjndersection 477 (Small ¢omp8nlèsl of the Companiès Act 28., Ibl Mernbers have not required the cornp8ny lo oE>taln an audit of its financi81 stsleTngnts for the fine181 perlod in qUgStlon- and The direclors acknotrtge their responsibilities for comlDg with the requiMentS ol the Act with re5pe¢l to accounting records and the prepafation of financial slalements Icl These ffinanci81 statements have been prepared and delivered In accordance with the provisions applicable to companles subj1 to the small companies, regime. The actounls on pag&s 8 to 16 were approved by the Twstees on 26 February 2026 D8vid Ma¢lay, Tntstee The notes on pages 11 to 16 forni part of ihe finandal ststsments. 10-
The Glasgow Hawks Sports Trust Notes to the financial statements for the year ended 31 May 2025 AcGounling policies The GL8sgow Hawks Sports Trust Is a chadtable company limited by guarantee incorporated in ScolEand. The re9lstered office is 319 Si Vincent Street, Glasgow, G2 SRZ. B8s5s of prep8ration aAd 8ss8ssmènt of going conc8m. The financkl statements have been prepared undef the hÈsloric81 co81 convonlion rnixjified for fair value as appropriate. The ffinancial stalemenls have been prepared in accorda¢)ce wllh the Companies Act 26, the Statement ol Recomrnended Practice.. Accounting and Reporting by Charities Preparing their accounts in accordance with Ihe Financial Reporting Stsndatd applicabte in the United Kingdom 8nd RepublK of Ireland IFRS 1021 and th8 Financial ReportirrfJ Standard aPicable in the Untted Kingdom and Republic of Iteland, the Charities and Trustèe Invèslment Iseouandl Act 2005 and the Charities Accounts IS¢otlandl Regulations 2tX)6 las amended). The disdoSu requ1ments of FRS 102 1A have been appl where applicable. The charitable Company conslfÉules a publi¢ btneffil enlity as defined by FRS 102. The trustees conshler that there are no material uncertainties aboLrt the charitable company's ability to continue as a going concern. The eharlty h8s 8vaS18d ltsetf ol S376 of thè Companies Act 2006 Ès pÈmlttéd in paragraph 4111 of Schedul8 1 of Sl 2008 no. 409. and adopted the companies Act fomwts lo reflect the spe¢lal nature ol the charfties acllvStte$ Basis of con801idation The Consolidat statemènt of finanei818Ctivitiès and th8 consolidated b8lancÉ shèèt include the financial ststements ol Ihe Twst and its subsidiary underlakin9 made Ltp to 31 May 2025. Intra group transactions and profits are elifninaled fulty on consolidation. Cash flow s18tent The C(xnpany has taken advantage of thè provisions in the SORP lor chorilEs applying FRS 102 Updale Bullotin 1 not to prepare a Statement of Cash Flows. Voluntary income Donatiorns and legaaes are credited to rèvenue on a receivable basis. Legacies arÈ accountgd fr>r on r9¢è1Pt of correspondence ITOM the personal representstive indicatin9 that paymenl of the legacy will be made. Glts in knd are valued at a rea30nable estimate of their value lo the Trust. Grants receivable Grants receivable are credited lo the statement of fInarlat activities in the year in which they are receivable. Expenditur¥ All expenditure is accounted for on an aCCWa basis and has been classified under headin9S that a99regate all costs related lo that category. Where costs cannot be dire¢Uy attribut8(l io particular headings they have been allocated to a¢tivilie8 on a basis ¢on$istenl with use of Ihe rpsources. Overheads have been allocated on a reasonable basis belween cost categories. Ch8nlable aGtivrfies Charitable a¢[rtieS includes expenditure assoetated with meeting the d)arty's primary obie¢tives. Thts IrEIe5 Ihe operation of the operation of Glasgow Hawks RFC Limited, and include both the direct costs and support costs of these livities. Support costs Support costs comprise the direct costs, including siaff, attributable lo charitable actiwties and an appropriot¢ apportionment of indiit¢t costs.
The Glasgow Hawks Sports Trust Accounling policies (continued) Govemance Gosls Governan¢8 costs include expendÈture on athnlnlstralk)n of the charity and compliance with conslituiional and s18lulory reqyir8m$nls, and an appropriate apportionment of indirect costs. Operaling leases Operal'ng leases are accounted for overthe life of the188S8. Fund accounting General f4Jnds ar& unrestr¢cted funds which are available for use ¥1 the dis¢rtrtion ol Ihe tw$1$ In ftirlherance of the general oblectives of the charity and which hav& not beén (S&snated for oth8r purposs$. Designated funds ¢ompris& unr8Stricted funds thal have been set a&de by th8 tnjstees for particular puoSe. Restricted funds a ndS which are to be used in accordance with 8p8¢ffic wlri¢tions Imposed by donors orwhl¢h have been raised by the charity for particular purposes. The costs of raislro and a(Jministering such funds a charged agalnsl Ihe specific fvnd. The aim and use of each restri¢t•d fund is sgt out in th6 notes to the finanaal statements. Invesimenl income and gains are alk)caled lo the appropriate fvnd. Cash and cash equivalents Cash and cash equiv8lenls include cash in hand derKJsits held at call wth banks. Finoncial instwments The cornpany has eleded tg apply the provision$ of Section 11 '8asic Financial Instrument5. and SeciKtn 12'0ther Finanaal Instruments Issues, of FRS 102 to all of ils ffinanrAal inslrurnents_ Financial instruments a rscognisad when lh8 company becomes paty to the conlraclual provisK)ns of Ihe inslrumenl. Financ¥al assgls liabilitiès a oftset, vAth Ihe net amounls Presented in the financial $t*ements, whon thore Is 8 legally enforceable right to sel off th8 r8wgnis8d amounts and there is an Inten.0Th to settle on a net basis or to realise the ass&t and setde the liability sinu5taneou81y. Basic financial assets Basic fin8nc¢al asséts. which include otherdeblors and cash and bank balances. are initially me8$ured 81 transaction pri¢& in¢lvding transaction costs and are subsequently carried al amortised cost using th8 8ctiVe intèrest method unless the a¥Tangement constitutes a financing transaction, véhere the transaction is mtra515red al the present value of the future receipts discounted at a markgl ralo of inl8rè8t. Fin8nclal assets da&8ified as CeIVable within one yeai are not amortised. Impairmgftt of financial assets At eath yep0ng date fjnancial assels are assessed for impaim8nt. Derecognition of ffin8ficial assets Financial assets art de1ecJn1$ed onty when the contractual rights lo the cash ftow5 frtsm thè asset 8xpir8 or arè sètU8d. or when the charity translers the financi81 as8et and substantsally all the risks an¢J rewards gf ownership lo another entty. Basic financial liabilities Basic financial liabil¢$, irxludiryJ ¢dItorS and loans. are inS1ially recognised at transa¢ts'on wice 8nd ao subsequ8nfjy carri6d at amortised cost usin9 the effective inleresl method, unless the arravJem8nt constilul08 a fin8nciThg tran$a¢tion, Whe Ihe transactlon is measured at the present value of the future p3ymÉnts diseounltd at a mart(et rate of interesl Financial liabilities dassified as payable within one year 8re not Bfnortised. Derecognition of financial liabiliti¥s Financial Ii8tMlities are deCOgnised when the company's contractual obligations expl or are disch8rged or cancdleil. 12-
The Glasgow Hawks Sports Trust Income Ygai ended Year ended 31 MBY 2025 31 hlay 2024 Income from charitable activitS- Glasgow Hawks RFC Sponsorship and m81ch hospitslity inGome Gat¢ irtome MembeTship income Junior rugby camp Events and dinners Other 66.727 4,941 9,297 33,436 3,536 6.254 23,010 1,170 105,145 11.451 30,476 85,153 Income from donations and le9acles Grants 18,140 Voluntsry donations 36.519 54,659 159,804 22.126 22,126 107.279 Incomè from Gift Aid is included in the above categories. l income in the current and prior year was unreslriclBd. Subsidiary companies The Trust owns 100Yo of share ¢8pitsl tsf Glasgow Hal($ RFC Limit8d whkh is incorwraled in Scotland and whÈch carries out tradin9 8¢tivilies relating to the Trust. The result of Ihe Trust and the Glasgow Hawks RFC Limited are Set out below. logethef With the cofflpanies. assets and liabt'lities.. 2025 2024 Income 125,145 (159,8131 {34,6681 34,659 191 85.153 1110,9571 125,8141 22.126 Expenilltvrè Net results before charitable èxpènditure from Trust Charitable expenditure from Trust to GHRFC Nel results 13,6781 Net funds of lh¢ sladeS Aggregate a&%ets Ag9rèy*e Ilabilrties 6,606 13,1651 3,441 7,386 13,9361 3.450 13
The Glasgow Hawks Sports Trust Charitable expenditure Staff cosls Other costs 2025 Year ended 31 May 2025 Costs in fvrther3rJce of the charity's gbjg¢ts'. Senlor rugby Govemanc8 ¢0sts 158,963 850 158,963 850 159.813 159,813 Stsff costs Other costs 2024 Year ended 31 May 2024 Cosls in furtherance of the charity's objects.. Community nbY Sènior rugby Govemance cost5 110.107 850 110,107 850 110.957 110.957 l expenditure in the current ant1 prior y&ai wos unrestn'cied. Nel incoming resources 2025 2024 Nèl incoming resources are stat8d aft&r charging.. Independent exam4ner remuneration for. Independent examiner services 850 850 Employee information 2025 Number 2024 Number The average no. of persons gmployed by the group lon a fvll time annual equivalenl basi$} during the year was.. Community rugby Performance rugby 2025 2024 Slaff eosts Iforthè above pewn$l Wages and salaries Social security Costs No trustee recelved any Temuneration frorn the Tfust during the period. No trustee has recelv8d wim1rSemnt for out of pocket expersses. Taxation Tho p8r8nt company is a registèred charity. and as such is enlilled lo certain tax exemptions on incorne an¢J profits from investments, and surpluses on any trading aclivities carried on in fvther$rt¢e of the charity's primary objèctives, if th&se profts and surFluses are applied 501ely charitsble purposes. 14
The Glasgow Hawks Sports Trust Deblors Group 2025 Trust 2025 Group 2024 Trust 2024 Amounls falling due wthin one year oth&r d8btors 2.001 2.001 4,164 4,164 Creditors: amounts falling due within one year Group 2025 Trust 2025 Group 2024 TnJ51 2024 Other credito¥s including tsxation and soch?5 security costs Deferred incom& 3,185 3,936 10 Deferred income Group 2025 Trust 2025 Group 2024 Trust 2024 At l June 2024 Additions during the year Amounts released lo income Deferred income relates lo summer camp income received in advance. Capital The Trust is a company limited by 9uarantee. Each member has undertaken to conlribLrte £1 to the assets ofthe company to meet ils liabilities if called lo do so. The total amount guaranteed by mombers at 31 May 2025 18 £12. 12 Financial instruments GTOUP 2025 Group 2024 Carryi9 arnount of finanual assFts Measured al amortised cost 2,001 4,164 CarryirvJ amount of financtral liabilities Measured at amortised cost 3.165 3,936 15-
The Glasgow Hawks Sports Trust 13 Analysis of net assets betsveen funds Al 31 May 2025, all assets atyl liabllities of the charity are unrestricted12024'. all assets and liabil8¥ were unreslridedl- 16-