PERTH GYMNASTICS CLUB SCIO REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 PERTH GYMNASTICS CLUB SCIO REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Contents Page Report of the Trustees Independent Examlner's Report Statement of Recelpts and Payments Statement of Assets and Liabllltles Notes to The Accounts PERTH GYMNASTICS CLUB SCIO ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees are pleased to present their report together wSth the financial statements of the charity for the year ended 31 March 2025. Structure, Governance and Management Structure The Charity 15 a Scottish Charitable Incorporated Organisation ISCIOI and was entered onto the Scottish Charities reg15ter on the 19, of March 2013. The charity 15 governed by its Constitution and managed by it5 Board of Trustees. Appolntment of Trustees Only members of the organisation may be appointed a5 a Trustee. The maximum number of Trustees permitted at any time is ten, with a mlnimum number of three. All charity Trustees must retire at each Annual General Meeting but may then be re-elected. Charltable Purposes The charities purposes are.. the advancement of public participation in sport. the provision and organisation of recreational facilities wlth the object of improving the condltions of life for the persons for whom the facllities or activities are primarily intended. furthering the interests of young people who live within the Perth & Kinross area in achieving levels of gymnastic competence both at recreational and competitive levels. to encourage participation in gymnastics for artistic, sporting, and recreational purposes. to promote the benefits of involvement in gymnastics for young people of all ages. Operation5 Manager Update 2024- 2025 saw our membership grow considerably, and to meet demand we have further extended our programme to accommodate our ever-increasing waiting list. Several new classes are now operating throughout the week, and it is the intention to further expand our programme in 2025. Engagement with the local community through the mediums of PGC web51te, Facebook and Instagram have been the mair) drivers resulting in increased membership to the club. Due to the influx in membership, equipment wa5 needed to accommodate more children in both recreational and pre- schools, classes to enable gymnastics stations to be set up throughout the gym. As a result, new bars, beam, coaching blocks, wedges and pre-school equipment was purchased and is actively being utilised within gym session5, Coach and volunteer development is key to the forward momentum of the club, and we are pleased to report that we have employed another full-time coach. In addition, the club is currently working with young coache5 and volunteers to attain qualSfications through an inhouse mentoring programme. Through the mentoring programme a further two coaches attained Level I coaching qualifications and are now actively coaching within club structures with an additional two awaiting confirmation of exams to gain their qualifications. PERTH GYMNASTICS CLUB SCIO ANNUAL REPORT OF THE TRUSTEES- continued FOR THE YEAR ENDED 31 MARCH 2025 Strong relationships continue to flourish wSth education and the club supports young PE graduates to attain specialised knowledge in gymnastics by offering volunteer opportunSties on a weekly basis. We also provSde free access for PE. Programme development is always ongoing in the ever-evolving world of sport at all levels, and this year we have seen a considerable demand for gymnastics due to the close of Bells Sport Centre directly due to extensive flooding. We have expanded our preschool programme along with the recreational programme to accommodate demand and our membershlp has grown significantly and currently stands at 650 members actively accessing our club programme from early years to adults. In addition, we are also working in partnership with the NHS providing facility access to support their additional needs programme and we hope to utilise our down time slots within the gym by attracting new partners or further expanding our current programme. The Club also hosted the annual recreational competition for all recreatSonal gymnasts. The event was extremely popular with over 150 gymnasts taking part and due to the popularity of the event discussion5 are ongoing about hosting another comp in October on an annual basi5. The club also introduced new squad programmes across disciplirie5 and our existing gymnasts continue to do well at competition5 With many achieving podium places and good scores in the competitive environment against their peers across Scotland. Facility Extenslon Facility Development is ongoing, and we await confirmation of change of use for the neighbouring unit. This will enable further growth within the club and also address wating lists. If Perth & Kinross Council grants the change of use the club will be in a position to accommodate another three hundred children on a weekly basis. The refurbishment will take 4 months to compete, and management are currently in talks with specialist gym fitter (Gymnoval and various funding bodies to bring this project to fruition. Flnal Comments The Board is extremely pleased wlth the efforts of all staff who are dedicated to the development of gymnasts and also the development of the club , and as such the board would like to extend their many thanks for all the hard work undertaken by all staff to ensure PGC flourished year on year . Reference and administrative information l. The Charlty nome ondnumber. The Legal Name of the Charity 15.. Perth Gymnastics Club SCIO The Charity number is SC03869 2. Legolstrutture of the Club The Organisation is a Scottish Charitable Incorporated Organisation1SCIOI. PERTH GYMNASTICS CLUB SCIO ANNUAL REPORT OF THE TRUSTEES - contlnued FOR THE YEAR ENDED 31 MARCH 2025 3. fheprln¢lp¢71 operotlng oddiess. emoll ond web oddresses oj the Club oie.'_ Perth Gymnastics Club Unit5 15A and 15B Riverview Buslness Park Friarton Road Perth PH2 8DF Website.. www.perthgymnastlCsclub.org. uk 4. The Elected Trustees ore.. S. BonkÈrs.' Royal Bank of Scotland 12 Dunkeld Road Perth PHI 5R8 AB23 8EA & Independettt Examlner AKiom Busip.e%s con.sultancy Limited Montgoldrum Farm Arbuthnott Laurenceklrk Aberdeenshire AB30 ILS Approved by the committee on 7 October 2025 and signed on their behalf bv,. PERTH GYMNASTICS CLUB SCIO INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 I report on the accounts of the charity for the year ended 31 March 2025 which are set out on page5 one to nine. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the prepa ration of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charlties Accounts {Scotland} Regulations 2006 las amended), The charity'5 trustees consider that the audit requirement of Regulation 1011} la) to {cl of the 2006 Accounts Regulations does not apply.11 is my responsibility to examine the accounts as required under section 4411) Ic} of the Act and to state whether particular matters have come to my attention. Basis of independent examinels statement My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination include5 a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the account5. Independent examiner's statement In the course of my examination. no matter has come to my attention". which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44111 (al of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Axiom Business Consultancy Limited Montgoldrum Farm Arbuthnott Laurencekirk Aberdeenshire AB30 ILS 7 October 2025 PERTH GYMNASTICS CLUB SCIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted Total Fund5 Funds Funds 2025 Total Funds 2024 Notes Income Charita ble activities Other trading activities I nvestments 314,066 42,192 4,766 314,066 42,192 4,766 256,210 39,396 1,038 Total Income 361,024 361,024 296,644 Expenditure Charitable activities Governance costs 279,943 1,008 279,943 1,008 217,310 960 Total Expenditure 280,951 280,951 218,270 Net Income/{Expenditure) 80,073 80,073 78,374 Reconciliation of Funds Total Funds brought forward 315,629 315,629 237,255 Total Funds carried forward li 395,702 395,702 315,629 PERTH GYMNASTICS CLUB SCIO STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 Unrestricted Restricted Funds Funds Total Fund5 2025 Total Funds 2024 Flxed Assets Tangible assets 175,292 175,292 172,836 Current Assets Cash at bank and in hand 221,418 221,418 143,777 Credltors: Amounts Falling Due Within One Year io 11,0081 11,0081 19841 Net Current Assets 220,410 220,410 142,793 Total Assets Less Current Llablllties 395,702 395,702 315,629 Net Assets 395,702 395,702 315,629 Thefunds of the charity.. Un restricted I ncome Funds 395,702 395,702 315,629 Total Funds li 395,702 395,702 315,629 The notes at pages 7 to 9 form part of these accounts. Approved by the trustee5 on 7 October 2025 and signed on their behalf by.. PERTH GYMNASTICS CLUB SCIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 l. General information Perth Gymnastics Club SCIO is a charitable incorporated organisation registered with the Charity Commission, registered charity number SC03869. The principal address is Units 15A and 15B, Riverview Business Park, Friarton Road, Perth, PH2 8DF. 2. Accounting Pollcies 2.1 Basls of preparation of financlal statements The accou nts for the year ended 31 March 2025 have been prepared on the accruals basis in accordance with the Charities SORP IFRS 1021. In the prior year, the charity's accou nts were prepared on a receipts and payments basis. Accordingly, the comparative figures a re not d irectly comparable with the current year's figures. 2.2 Incoming Resources Incoming resources are recognised a nd included in the accounts when all of the following criteria are met: The cha rity has entitlement to the funds; any performance cond itions attached to the income have been met or are fully within the control of the cha rity there is sufficient certainty that receipt of the income is considered probable,, and the amount can be measured reliably. 2.3 Resources Expended Expenditure is recognised once there is a legal or constructive obligation to ma ke a payment to a third party, it is proba ble that settlement will be required a nd the amount of the obligation can be measured relia bly. 2.4. Tangible Fixed Assets and Depreciation Tangible f ixed assets are measu red at cost less accumulated depreciation a nd a ny accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 15% straight line 2.5 Funds structure Un restricted fu nds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day run ning of the club. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. There a re no restricted f unds. 3. Income from charitable aetivitles 2025 2024 Fees 314,066 256,210 PERTH GYMNASTICS CLUB SCIO NOTES TO THE ACCOUNTS contlnued FOR THE YEAR ENDED 31 MARCH 2025 4. Income f rom other trading actlvltles 2025 2024 Fundraising Sale of club kit Miscella neous income 40,583 49 37,892 64 1,440 1560 42,192 39,396 5. Investments 2025 2024 Ba nk interest receivable 4,766 1,038 6. Cost of charitable activities 2025 2024 Coaching salaries and expenses Coaching pension costs Travel and accommodation BAGAISAGA Facility lease Centre Supplies Insurance Purchase of club kit Repairs and renewals Light and heat Telephone a nd internet General expense5 Bank charges Purchase of equipment Depreciation 151,378 9,813 2,267 6,315 32,310 6,649 643 8,750 11,452 10,084 3,721 26 218 140,300 7,938 647 4,327 30,124 8,175 2,399 6,266 952 8,707 2,975 943 156 3,401 36,317 279,943 217,310 7. Governance costs 2025 2024 Independent examiner's fee 1,008 960 8. Purchase of equlpment 2025 2024 Gym equipment 3,401 PERTH GYMNASTICS CLUB SCIO NOTES TO THE ACCOUNTS contlnued FOR THE YEAR ENDED 31 MARCH 2025 9. Tanglble fixed assets Plant & Machlnery Cost As at l April 2024 Addltlons 203,336 38,773 A5 at 31 March 2025 242,109 Depreciation As at l April 2024 Charge for the year 30,500 36,317 A5 at 31 March 2025 66,817 Net Book Value As at 31 March 2025 175,292 As at 31 March 2024 172,836 10. Creditors: Amounts falling due wlthln one year Accruals and deferred income 1,008 11. Movement in fund5 As at l Aprll 2024 Asat31 Expenditure March 2025 Income Unrestricted fund5 315,629 361,024 1280,951) 395,702 12. Transactlons wlth Trustees During the year, as paid a salary of £35,00012024: £30,333). 13. Related Party Dlsclosures There have been no related party tra nsactions in the reportinE period that require dlsclosure, except for those dlsclosed In the Transactlon wlth Trustees note.