West Lothian Art15tic Gymnastics Club SCIO Report of the Trustees and Unaudited Financial Statements Year Ended 31 March 2023 Company Nurnber CS001111 Charlty number SC043925
West Lothian Artistic Gymnastics Club SCIO Reference and administrative details of the charity, its trustees and advisers for the year ended 31 March 2023 Trustees Registered Charity Number SC043925 Company Re4lStration Number CS001111 Independent Exarniners BDO LLP Bridgewater House Counterslip Bristol B51 6BX
West Lothlan Artlstlc Gymnastlcs Club SCIO Contents Page 1 Twstees, Report Page 6 Independent Exarniner's Report Page 7 Statement of Financial Activities Ilncorporating the income and expenditure accounti Page 8 Balance Sheet Page 9 Notes to The Accounts
West Lothian Artlstlc Gymnastlcs Club SCIO Tru5tees' Report for the year ended 31 IAarch 2023 The trustee5 present their report and the financial 5taLetnent5 of the charily for the year ended 31 March 2023 The trustees confirm that the annual report and financial statements of the company comply with the current ststutory requirements, the requiretnenls of the cornpanys governing document and Ihe pro5705 of the SLatemenL of Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustee5 The trustee5 who Served the charity during the period were as follows- Comrnittee Members The committee Members who served the charity during the period are as stated above. Introductlon West Lothian Artistic Gymnastics Club continue to work together to drive our vision and ambitions and live and breathe our values. Vision -Inspiring drearns in the Sport of gytnna5tlC5, ernpowering tnind5 and strengthening the tomtnunity with a centre of excellence" Values "Nurture, Respect, Encouragement, Safe, Trust, Equality, Valued, Honest, Open, Transparent, Teamwork, Inclusive, Quality service, Inspire, Fun" Young people a at the heart of everything we do at West Lothian Art15tic Gytnna5tics Club, and it is (yjr people that rnake the difference. Progression This has been a successful year for our gymnasts, coache5, and the club and a period of change. Our tearn of coache5, gymnasts, parents, carers board and partners continue io work together to create a high performing and fun environment where our children, young people and families feel safe. have fun. and develop their ski115 and aspirations through gymnasrics. Our coaches and management have planned and programtned the classes and trainin4 enwronments over the last 12 months to ensure every child, young person and gymnasts has the best possible experience irrespective of their ambitions. Whether Lhey are here for fun, 50ciali5ing or to compete for their club or country. Our tnetnbership has 5tabilised wlh over six hundred members this year with all classes and trainin£ programmes delivered face to face. Gymnastics Is an exciting sport for everyone, and we have continued to attract new children, young people and gymnasts whilst maintaining our core membership. We have a high performing team, and I would like to take this opportunity io ihank them for everything they do, their hard work, commitment, and loyalty, including that extra rnile, which is not always about teaching or coaching gymnastics.
West Lothian Artistic Gymnastics Club SCIO Trustees Annual Report (Continuedl Year Ended 31 March 2023 This has been a year of change for the club with sever itsns within and out wilh the sport. We would like to take this opportunity to thank for their dedication and cotntnitment to the club over tnany years and w5h them every success in their new roles and careers. The club will rnis5 you both. OUR PEOPLE Gymnasts 2022-2023 has been a fantastic year for our gymnasts at all levels, including preschool, novice, recreational, intermediate, and competitive. Fun, improvement, new ski115, and great performances have been the f(Kus throughout the year. The club have achieved itnpre55ive results throughout the 5ea50n, and we have watched (¥Jr children, young people and gymnasts progress through the grades and achieve success at local, Scottish, British, and international level. This year we have had nlne gymnasts selected onto the MAG/WAG Performance Pathway Programme and three gymnasrs selected onto the National Performance Programme. This year 2 of our gyrnnasis selected to represent Scotland at the Northern European5 Championships in Sweden. A successful trip for our gytnna5t5, staff, and Scotland. Iso successfully Eained selection to the GB Squad. This is an amazing achievement for nd the only Scoiiish based senior male athlete to achieve a placing in the GB squad. Cameron also represented GB at 3 World Challenge Cup events in Stuttgart, Tel Aviv. and Turkey. He successfully won Silver tnedal on floor at Turkey. Congratulations lOThIS year again ompeted in the kottish and British disability chatnpionships. Congratulations to everyone on their successes, this reflects the quality and commitment of IMJr gymnasts, coaching and managetnenl team. Coaching l Managernent Team Our coaching and rnanagement team are exceptional and are fully cornmitted to the club. gymnasts and making a difference. leads our coaching Leam, and we continue to operate with five full time coaches and twenty part timelbank coaches. The team provide quality coaching and leadership daily to all the children and young people in our club to rnake thern confident individuals. successful learner5, responsible citizen5, effective contributors. and arna8 Eymnasrs. previous club manager has continued to support us with ojr governance and financial planning, wlicies, and procedures. Big thanks to for her continued support and guidance.
West Lothian Artistic Gymnastics Club SCIO Trustees Annual Report (Continuedl Year Ended 31 March 2023 The team have worked C1*elY thrghout the year on planning and programming takes to ensure our childreni young people and gymnasts are well prepared and ready to make that next step whether it is from pre-schoDI to novice or recreational to competitive. The club offers an exciting pathway to allow our gytnna5t to fulfil their atnbitions and dreams within the sport. Our coaching and manaiement team ethos is ensurln2 all gymnasrs are supported and nurtured as Indivlduals, tK)rh mentally and physically, encouraging them to develop in their own time to their best potential, ensuring their wellbeing is at the forefront. We have a strong cornmittnent to developing and nurturing the coaching team and Lo ensure their wellbeing and developmeni is of foremost IMWrnCe. Key mentorship workshops are held on a re£ular basis and are designed to meet the need5 of all the coaches and staff. The learning and development of our coache5 and workforce 15 important. Volunteers Whilst our professional paid workforce continues to grow, we would not be able to operate as a club, without the dedication and cotnrnitment of our volunteer5, parentslcarers, and fatnilie5. Many volunteers have prowded their tiffle and expertise w help make a dlfference ro the club and the gymnasi. Thank you. In addition to our new Board members, we have formed a new fundraising comrnittee who have been exceptional and have raised over £12,000 for the club. They have organised fun nights, movie nights, discos, bonus balls, raffles. This is such a critical area for the club. and we would like to thank thetn for all their hard work, enthusiasm. and cornmittnent. This is an area we will continue to work on, and we would like to encourage rna volunteers. parents/ carer5 to get involved. Every little job counts, and we believe ever person has skills and experience to contribute to ihe club's wsion and ambition. Get involved. Partners Parinershlps are Important to us, and we have collaborated closely wlth many partners this year. Particularly Scott1sh Gymnastics, British Gymnastics, West Lothian Council, sportscotland, local business, local rnedia and press and most itnptsrtant the local comtnunity. This is an aa we believe we can expand and developTr and we look forward to future discussions existing and new partners in the forthcoming year. Places well as the importance of our people we know where we playTr train, and compete is a huge area for growth and developrnent. Craigwillow Centre provide5 a suitable place for us to develop the skills and competencies of our children, young people. and gymnast. However, we know frotn consultalion th our gytnna5ts, coache5, parent5, and volunteers this could be hugely improved. This continues to be an area for future discussion and developmenr. We coniinue io operaie a community benefit lease wth West Lothian Councll and recogn1se this is an area lor future discussion and development.
West Lothian Artistic Gymnastics Club SCIO Trustees Annual Report (Continuedl Year Ended 31 March 2023 Pro9rammes Throughout the year we have ¢reated strong links and networks to the wider community, we have renewed our Club accreditation with West Lothian Council, attend West Lolhian Sports Council meetings to network with other 5POrting groups and share learning and opportunities across the local comrnunily. The safeguarding of your children is a priority for the club and Linda Kerr, Child protection officer ensures we create a safe and secure environment for our gymnast5 to progress. Our coaches and volunteers supwrt the active schcol's team with the annu81 school gymnastics comp8titions, providing judges and coaches to ensure the event is a success. We ¢ontinue to build our relationships wth the local courier and p$$ uOating them on tt)e suc$se$ ol all our gymnasts to promote achievements throughout the year. We continue to market Ihe club in a professional manner and use socisl media, local press, leaflet drops and attending schix)Is and nur88ri8s to h81p promote the growth and dev81opm8nl of the club. There never is a dull moment wthin our planning. programming. and delivery. Teamwork I would like lo tak8 this opportunity to thank all of you for your ongoing support and commitment to the club. It IS eXC8Ptional. The club would not suNive without your ¢ontribulion and help, irrespe¢tive of your role. Thank you- Gymnasts. coaches. ¢lub staff, volunteers. parenlslcarers. families. Scottish Gymnastics. West Lothian Council. sportswtland, local businesses and partners. Specizl thanks to the Board rnembers for all your support and commitment for another year. It has been a succ8ssful y8ar and I Icok forward to working with everyone in 2023 to achieve our vision and ambitions. Risk Management The M8n8gement Committee has conducted a review of the major risks lo which the charity is 8xposed. A risk register has been established and is updated at least annually. Where appropriat8, 8ysl8m8 or procedures h8ve been establi8h8d to mitigate th8 risks the ¢harity fa$. Significant external risks to funding have led to the development of a strategi¢ plan which will allow for the iversification of funding and activities. Intern81 control risks are minimised by the implementation of procedures for aulhorisation of all transactions and projects. Procedures are In place to ensu Complian with health snd safely of staff, volunteers. clients and visit015 to the centre. These procedures are periodically reviewed to ensure that they continue to tneet the needs of the charity. Inductlon and tralnlng of new trustees New trustees are appointed by a tnajority vote of existing trustees and are fatniliari5ed with the workings of the charity and it5 policies and procedures through an induction process provided by other trustees. On going training and 5UPPOrt lo the trustees is provided ihrough informal briefings.
West Lothian Artistic Gyrnnast5cs Club SCIO Trustees Annual Report {Confjnuedl Yr Ended 31 March 2023 Flnan¢lal r•vlow a. Reserves Folicy Total fvnds at 31 March 2023 amount8d to native £10,87012022'. posthve £19,840), of thi$ £22,869 1$ restricted and a negative £33.539 is unrestri¢ta. trustees consider that an appropriate level of reseryes to wver timing differences between receipts and paynts and to alkM for any unexpected Items of èxpenditure sth)ukJ be in the regK)n of 3 months operating costs. At 31 March 2023 tho trody availaNe fèserves wer6 in deficit by £33.539 and it is tho intention of tho trustees to work 8rd$ irtre8sing the level of these reserves to a kvèl suffieient to eover 3 rnth5 wrating eosts. Golng ¢on¢•m The dub continue to S88k oppnIts to grrA¥ th8ir incom& tential through 8xpansK)n of gyrnn&8tic coathirMJ off8red. During 2023 and into 2024, rnc(e focus will be rA8¢ed upon traditK)nal fundraising 8Ctiwties to augrnent thg tradition81 income stream$, woviding Confiden for the continued operaticm of Ihe dub. See note 12. Gov•rning documont The West Lothian Artistic Gymnastics Club 1$ a Scctbsh Charitatlg In¢orpwated Organis*1, incorporated on 10 Aprl 2013 and is governed by ts consUtub"o West Lothlan Artlstlc Gymnastlcs Club Is a raglster8d chaty wtth th• Offie8 of th8 Scotush Charlty Rogulator and recLyised as 8 d)8rily by H.M Rwwua & Customs. structure of the org8ni$8tion Consists of a bosrd. who hdd regular meeting$. and gemrally control the 8divitse3 of thg org8ni$ab'on" tr ex8rnle. the board 1$ respwsitlo for monitoring controlliThJ the firon¢HI position of the organis8t1. The peOe Seng on ts )ard are referred to In the constthtlon as Charity Trustees. and tw are also the members ol the organisation forthe purposes of the charib.es and Trustee Investment (Scollandl Act 2005. This re ortwasa roved b th8 Tru81998. on 8nd signed on their tehalfby: 1810312024 Tru51ep
West Lothlan Artlstlc Gymna5tk5 Club SCIO kndependent Exarnlner's Report to the Trustees and Member5 Year Ended 31 Irch 2023 I report on the accounts of the charity for the year ended 31 March 2023, whlth are Set wt on page5 7tol6. Thi$ 1$ made solely to the Charil trustees, as è b(xlyi in attordance with the Charities an Trustee Inve5trnent Iscotlandl Act 2C4J5 and the Charities Accounts (Scotlandl Regulation5 2C6. My wcfk has en undertaken so that I might state to the charitys trustees those matter5 1 arn required to state to them In an Independent examinerfs rerKJrt and for no other purpose. To the fullest extent permilted by law, I do not accept or wume reskX)nsibility to anyone Oiher than the chadty$ trustees as a L, for rnywork, for this report, or for the staternents I have made. Respectlve responslbllltles of trustees and examlner The charity's trustees are resp)nsible for the preparation of the accounts In accordan with the terrris of the Charitie5 and Trustee Investment IkotlarKJI Act 2fX15 and the Charitie5 Accounts (Scotlandl Regulations 2006 la5 aMded). Tr tharit$ tru5tee5 consider that the audit requirement of Re8uLation 1011lldl of the 21)A Re8ulatIo dces not apply. It Is my re5pMslblLlty to examlne the accounts under settion144l1111 cl of the 2005 Act and to state whether particular matters have come to rny attentyon. Basls of Independent examIr,5 repxt My examination is carned out in acCOrdar with Regulatlcn 11 of the 21x6 Accounts Regulat(ons. An examlnat1fm Includes a ree of the accountlng records kepi by the chadty and a camparison of the attounts presented th those COr{l5. It a150 Incl c(*bideration of any vnwual item$ or dlKlosures In the accounts, and seeks expianaiions from you as trustees cu)cern1ng any sh matier5. The procedures undertaken do not pmwde all the e¥ence that would te required in an audit and consequently l not expres5 an alIt opinion M the ely Eiven by the aeeounts. kndependent ExarnlTher's Statement In cCnneCtl wlth my examlnatl0Th, no matter has come to my attentlcn.. 1 whlch gfves rne reasmabie cause to LIeVe that, In any materfal respect, the requirements.. to keep accroJntin8 record5 in accordance with Section 4411 Ila) of the 2C#J5 Act and Regulation 4 of the 2Q06 Regulations. and: to prepare wunts whlch accord wlth the accwThring records and comply wfth Regulatl 9 gf the 2(N)6 ReEulatlUns have not been mel ur. 2 to which, in my opinlon, attentlm shwld be drawn In order to enable a proFer understandin of the accounts to be reached 19 March 2024 Date.. BDO LLP BAdgewater Hws¢ Cwntersllp Br15tol, BS166X, Unlted Klng(knm
West Lothlan Art15tlc Gymna5tk5 Club SCIO Statement of Flnanclal ktlvltles for the Year Ended 31 March 2023 Not¢ Unrestrl¢ted 2025 Restrf¢ted 20Z3 Total Z023 Total 2022 INCOME FROM D)lln5 and Legacies charlble AttiTrrities Other Trath'ng Artivities 10.OJO 338,789 12,542 16,000 26,(•J) 338,789 12,542 99.327 278,668 2,698 TOTAL INCOhlE 361.331 16,000 377.331 380.693 EXPENDITURE ON Charitable activities 5&6 379.288 28.753 408.041 373,153 TOTAL EXPENDtruRE 379,288 28,753 408,041 373,153 IEXPENDrruREIIINCOME BEFORE OTHER RECOGtr45ED GAINS AND LO55ES 117.957) 112.7531 130.7101 NET MOVEMENT IN FUNDS 117.9571 112,753 130,7101 RECONCILIATION OF FUNDS: Total funds tyrought forward 115.5821 35,422 19,840 12,3C TOTAL FUNDS G4RRIED FORWARD 133,5391 22,669 110,8701 19,840 The notes on pages 9 to 16 form an integral part of these accwnts
West Lothlan Art15tlc Gymna5tk5 Club SCIO Balance Sheet as at 31 hlarch 2023 Note 2023 2023 2022 2022 Ffjxed A55ets Tangible assets 10 34,644 56.442 Curr•nt Ass•ts Stock Debtors Cash at bgnk end in haThl 4.655 1.896 11.053 5,144 2.396 104.089 12 17,604 111,629 Crethtors Amount5 fallinE due wiihin one year 13 126,7431 CURRE1 IUABILMESVASSETS 19.1391 20.510 TOTALASSEfs LESS CURREtr LiABILlEs 25.5Q5 76.952 CREDrroRS.' amounts fallln8 due after [re than Me year 14 136,3751 157,1121 Ner ILl•bllltlesllAssets 110,8701 19,840 CHARrrY FUNDS Restricted fund5 UnreStcted funds 15 22,669 133.5391 35.422 115.5821 Funds as at 31 March 110,8701 19.840 1810312024 Approved by the trusrees on ........................-----....-.......-.. and slgned on thelr Waif by.. Trusteè The note5 on page5 9 to 16 form an Integral part of these acc(¥Jnts
West Lothian Artistic Gymnastits Club SCIO Notes to the Flnanclal Statements for the Year Ended 31 WArch 20Z3 Accounting policies Basis of preparation of finantial ststements The fin8ncYal stslernents have been prepared in 8ccor(lance with Accounting and Reporbng byCh8rities.' Statetnent of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financ1al Reporting siandard applicable In ihe UK and Republic of Ireland IFRS 1021 leffectlve 1 January Z0191 (Charities SORP IFRS 10211 and the Charities and Trustee Inve5tsnent Iscotlandl Act 2005. The fianoal 5taternpnt5 have bpen prepared to give a'true and fail Yiew and haye departed from the Charitie5 (ACCt5 and Reports) Regulations 2CI)8 only to the exrenr required to provide a'rrue and fai view. This departure has involved following Accouniing and Reporting by Charities preparing their financial siaterfEnis In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 rather than the A(Cnting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005, %thich has since tn withdrawn. West Lothlan Art1stlc Gymnast1cs Club SCIO meets the def1nlt1on of a pub11c benefit ent1ty under FRS 102. 5et5 and liabilitie5 are initially rOniSed at historical cost or transaction vèlue un5 otheSe stated in the relevant acCn[lg policy. The accounts are prepared ID GBP, being the functional curreDcyJ rounded to the nearest Pnd. 1.2 Goln8 Concern Total fund5 at 31 March 2023 amounted to a deficit of £10,87012022- surplu5 of £19,840). Included VthIn total funds were general re5erve5 in deficit by É33,539 12022 - 115,5821. The deficit in reserves at the year end reflects the impact of Covid on the club during 20ZZ123. Slnce March 20Z3 and into March Z024 the club has restructured and reduced saLary costs, as well as seeking new opportun1ties to grow the1r Income potent1al through the expansion of gytnna5tic coaching Such as additional praMMIng of cla55e5 and more acce55 thrOUght the year to school holiday camps. Focus has been placed on rraditional fundraising during rhe year and In December 2023 we secured a loan of (60,(QO to help stabilise and expand the club and In March 2024 the charity ha5 approximately £95,0(M) of Trsh available. The rnea5ures tsken by the club PrOde confidence to the Trustees of the operation of the club in thÈ nÈxt 12-18 months. Given the arti5 that the trustÈes have taken, they believe that whilst there Is uncertainty, this does noi pose a material Ljncertainty on the charitys abillty to continue as a goinE COnrn. The InleeS rherefore believe ihat it is appropriate to prepare the accounts on a wing concern basis. 1.3 Legal Status West Lothian Artlstlc Gymnast1cs Club is a Scottish Charitable Incorp)rated Organisation and domlclled in Scotland. 1.4 Fund Accountin4 General fund5 are unrestricted funds which are available for use at the discretion of the Trustees in furtherancÈ of the gen&ral oblect1wes of the charlty and whlch have not deslgnated for other purposes. Restncred funds a funds which are to be used in accordance with specific restncti(s imposed by donors or Yth1ch have been ra1sed by the charity for particular purposes. The costs of raislng and adminlsterlng such funds are charged against the spec1f1c fund. The aim and use of each restr1cted fund is ser out1n the notes to the finantial statements. 1.5 Income All incomè is rècognisèd once thè tharity has èntitlèrnènt to thÈ intomÈ, it is probable that the inc(Krbè I11 received and the amount of income receivable can be measured reliably. Government grant5 are recognised whe li is reasonable io expect that the qrants will be re£elved and ihai all related cdItiOnS w111 be mei usually on subtnission of a valid claim for paytnent.
West Lothian Artistic Gymnastits Club SCIO Notes to the Flnanclal Statements for the Year Ended 31 WArch 20Z3 1.6 Expenditure Expenditure is ¢0¥niSed oncÈ there is a Ial or constructive obligation to transfer economic benefit to a third party. it 15 prL*)able rhar a transfer of economic benefits will be required in settlement and the amount of the obligation cèn be rraSUred reliably. The costs of each actitY are made up of the total of direct Costs and shared costs, including support cts involved in undertaking each activity. Dlrect costs attrIrable to a Single actiwty are alloTrted directly to that activity. Support C05t5 are those costs incurred directly in supwrt of exppnditure on the objects of the charity. Charitable actitrities and Governance cts are costs incurred on the charity's operations, Includin8 support costs and costs lating to the governance of the charity apportiofftd to charitable actItIes. 1.7 Tangible fixed assets and depreciation A review irnpairment of a fixed a55et is carried out if event5 or changes in circumstanTr5 indicate that the carwng value of any flxed asset may not be recoverable. Shortfalls tween rhe carrylng Val of flxed a55et5 and their recoverabLe atnount5 are recogni5ed itnpairtnents. Impairment 1055e5 are recogni5ed in the Statement of financial actiwtie5 incorporating Income and expefjdiiure account. Tangble fixed a55et5 are carried at C05t, net of depreciation and any provision for impairment. Depreclaiion 19 provlded at rat&s calculated to write off the cost of fixed assets, less the1r estimated re5iduèl Value. over their expptted useful live5 on the follo9 ba5e5.' Fixtur and fittings 25% straight line 1.8 Lea5in4 and hire purchase Assets obtained under hire purchase contracts and finan leases are capitalised as tangible fixed asset5. Asset5 acquired by finance lease a depreciaTrd over the shorter of rhe lease tertn and their useful lives. As5et5 acquired by hire pUrche are dppreciated over their uSul lives. Finance leases are those véhere substantially all of the benÈfits and risks of ownership are assumed by the chariiy. Obligat1ons under such agreements are included in creditors net of the finance charge allocared to fuiure periods. The finance element of the ntal paytnent 15 charged to thè Stat@rnEnt of financial actitIeS incorpDratin$ income and expenditure account so as to produce a constant pÈriodic rate of charge on the net obligation outstanding In each period. 1.9 Stocks st(ks are valued at the lower of cost and net realisable value after making due allowance for cbsoletÈ and slow moying stttks. Cost includes all thrett costs and an appropriate prq)(rtion of fixed and variable overhead5. 1.10 Debtors Trade and other debtors are 0¥nIsed ai settlement amount after any trade dIscjTht offered. Prepayrfftnts are valued at th& am¢KJnt prepaid net of any trade discounts due. 1.11 Cash at Bank and in hand Cash at bank and in hand includes tash and short tèmi highly liquid invèstments with a short Tnaturity of three fflonths or less frorn the date of acqui51tion or Lpwing of the deplt or similar account. 10
Wert Lothlarb Gyrnna5tlcs Club 5a0 Notes to the Flnanclal Stathments for the Year Ended 31 March 20Z3 1.12 Llabllldes and prO$10rS Liabilities are recognised when there is an Obligati at the Batsn sheet date a5 a rewlt of a past elent. It Is prcbabie that a transfer of ecc)omlc benef1t I11 be requ1td In Settlet. and the amount of tke settiemert can estimated reliably. Liabilitie5 are recolnised at the arrnt that the drity anticipates it (1 pay to settle the ¢bt er the amfAJnt it has received as athanced payments for the 8ocds or serwce5 it must pThide. Prowsions are measured at best esttmate of the amnts requlred to seitie the obllgatlon. the effett of the value of eY is Material, the wow5icn is based the kYe5ent value of amount5, thscwnted at the pre w dlscwnt rate that reflects the Sk$ skdflc to the Ilablllty. The vnMnthty of the dimjnt 15 rttogni5tt1 Mthin interest payable and Similar charws. 2 Ir0 from donati0Ths and 194acI95 Unrestrfjcted 2023 Trtal 2023 Total 2022 2023 CJRS Grant5 Go¥emNr cOd Grants 8.020 19.560 5wJrt Scotland Other Grants Adapt and Thrive Grant Sumw Play Sco¢t15h Gymnastlc5 21,747 45,LXXI 10.000 11.C 11,C( Total DCat¢S and iegxles 10.ocqj 16.000 26.OC¥) 99,327 Total 2022 43,737 55,590 99,327 3 Analysls of Income from thar6tabie actmtles by type of frorne Unrpstrlcted 1023 Total 1023 Total 2022 1023 11mberShIp fees Ilnc 8lft aldl TrainlnR Camps Other Gymnèstics t¥oRram 295.068 10,959 31.762 Z95.068 10,959 32.762 265.792 5,316 Total 33B.789 338.789 278.668 Total 2022 278.668 278.668
Wert Lothlarb Gyrnna5tlcs Club 5a0 Notes to the Flnanclal Stathments for the Year Ended 31 March 20Z3 4 Fundralslw Inct•Tre Unre5trirted 2023 Restricted 20Z3 Total 2023 2022 Fundraising & Spcn50rship Other Incfn 6,675 5,867 6.675 5,867 2,698 Total 12.542 12.542 2.698 Total 2022 2,698 2,698 5 Analysts of expenthwrè on chariiabie actmdes Unr95tr1rtgd 2023 Total 2023 Total 2022 1023 Dlrett Costs 379.288 28.753 408.041 373.153 Total 379.288 28.753 408.041 373.153 Total 2022 352,985 20,168 373,153 An4lys1s of expendlture on charttabie actlvlile5 by fund type Unre5trirted 2023 Restricted 2023 Tot41 2013 Trt41 2022 Wage5 Externl staff cost Rent & hlre of premlses ComFetltlons Trnvel & acctxnrndatl Tralnlng camps 5GA Registrati%)n DepreciatiM of fixture5 and flttin85 Repairs & Plainnance rchandi5e General eynses 248.808 3.343 1.219 20.370 14,175 2,996 2,608 11,367 16,OLK) 264,808 3,343 1.219 20,370 14,175 2,996 245,957 8,204 4.163 10,247 4,929 5.295 2.237 23,821 B.443 7.483 7,715 12,753 24.120 1.416 9,733 11,118 9,733 Total 327.153 28.753 355.906 328.494 Total 2022 308.326 20,168 328,494
West Lothlan Artlstk Gyrnna5tlc5 Club SCIO Notes to the Flnanclal Statements fw the Year Ended 31 March 2023 6 Support Cost5 Urrntrlrted Funds Total 2023 Totsl 2022 Fund5 Irwran Accountancy lThlependent examinatic Loan Interest 4.339 3,783 4,000 2.317 1,038 7,267 29.391 4.339 3,783 3,294 1,168 1,2LKJ 1,354 618 7,039 29,986 2.317 1,038 7,267 29.391 Postage & Stationary IT & softwa Heal, Ilght and ratss Total 2023 52.135 52.135 44,659 Tot412022 44.659 44,659 7 Net IExpendltur•llkncor Thts is stated after char8in8'. Z023 2022 Depredatltr) of tanglbie Flxed A5ts'. (h¥ned by the charity 24,120 23,821 8 kndependent Ex4Thirwtion The lThJependent Examlnets remrat1( atTrxnts to an Indewdent ExamInatIc fee of £4.COJ12022. £1.20JI. g Staff Costs Staff Costs were as follows.. 2023 2021 Wages and Saiades 264,808 245,957 The average nUMr of r$(m)S empltrO by the tharfty the)ar was as fail¢y4s: 2023 2022 20 16 No ernpl reived reMUticffj amountinq to more th Etil,CflJ in either 12022- £Nill. IKlutd ithin wage5 and 5aiarie5 is £3,983 employers W5ion ccntributioThs. 13
Wert Lothlarb Gyrnna5tlcs Club 5a0 Notes to the Flnanclal Stathments for the Year Ended 31 March 20Z3 10 TangIb Flxed Assets Fixtures Ind Flttln Cost At l ApAI 2022 Additions 149.552 2,322 At 31 ltsrth 2Q3 151.874 Depreclatl0Th At I WI 2022 Charge the year 93.110 24,120 At 31 Marth 2023 117.230 Mèt book value At 31 Marth 20Z3 34.644 At 31 A4arth 2¢r12 56,442 11 Stock5 2023 2022 Raw loatsrfats 4,655 5.144 12 Debtors 2023 2022 Prepayments 1,896 2,396 13 Credltors: Afflnts falllng due wlthfn one year 2023 2022 8at)k loans overdrafts Net obl18at1u under flnance ¢Xher crethtors 10.000 9.746 6,997 10.CDJ 8,752 n,367 26,743 91,119 14
West Lothlan Artlstfc Gymnastlcs Club sao kns to the Flnanclal Statements for the Year Ended 31 March 2023 14 Credltors: Amunts fall1 due after than one year 2023 2021 Other Loans Net cblwat15 under flnartt leases and hire purchase contt7cts 29.071 7,304 36,375 39,071 18,041 57.112 Qthw ioèns Includes a 8rtsvnmL be back loan whlch Is repayable ¢wer 6 years at an Intwest rate of Z.5%. Obllsatlcffis un(kr fInan lea5e5 and hlre purchase contract5, Incluthd atrxNe, are payable as folirw5'. 2023 2022 Less than one Between one and flve years 9,746 7,304 17.050 ,752 18,041 26.793 15 Statement of funds BINee at Irthne Expendlture Balamte at l April 2022 31 M4rch 2023 Unrestrleted Funds eral Funds 115.5821 361.331 1379.2881 133,5391 Re51rirted Fund5 RestrKted Fthds 35,4ZI 16,000 128.7531 12.669 Total of Funds The year end defidt reflects the impxt of Cowd cffl the club during 2022123. trIn% 213 and into 2024 the dub ha5 restnKtured and UCed 5aLary costs a5 11 a5 seeking new rwxtunitie5 to grow their iTKome kthntial through the expan51w of 45¢C cothlngi such a5 schty)I hollday carnps. FLKU$ has pknced w tradit181 fundraislng dun4 the year and In Decernter 2023 secured a loan of £60,CUI to help 5tabillse and expand the club. BaLe at l April 2021 Incoffle Expendlture Balwce at 31 March 2022 Unre5thrted Fund5 erai Funds 12,3(*J 325.103 1352,985 115,5821 Resirlcied Funds Restricted Fund5 55.590 120,1681 35.422 Total of Fundg 12.300 380.693 1373.1531 19.840 15
West Lothlan Artlstfc Gymnastlcs Club sao kns to the Flnanclal Statements for the Year Ended 31 March 2023 15 Stst•meTht of funds leontlThuedl Balance ai 31 Marth 2023 Nwybt ol rertrfrted fund Descrwon, nature and purpose of the fuNI Scotland Grant prded fc¢ Clth manaw salary. Scoidsh Gwnnasiics Grant prnded fc¢ Head Ccach. and Thrtve Grant Prnded fc equlpmit aTrJ prOJts. 22.669 22.669 16 Analy515 cl net IllaMlltle5lla55ets bets¥een fuThd5 Analysis of ngt Iliibllitl95lla5%ets betsY•gn furth. cwrpnt y Resithctrd funds 2023 Total funds 2023 fuThd5 2023 Tan8lbie Ilxed assets Current assets 11.975 17.604 26,7431 136,3751 33.5391 Z2.669 34.644 17.604 126,7431 136,3751 110.8701 Cre(litOT5 th th1Th ffieitar Crethtors th wJre year 22.669 Analysls of net assets b•tweeh fr- prlor y Unrestdrted fuThd5 202Z Restdcted funds 2022 Total funds 2022 Tanble fixed a%5ets Current assets 27,7C 111,629 28,734 56,442 111.629 CwlitOT5 th7Th ffieitar Crtithtws th wJre year 157,1121 18.8941 28,734 19,840 17 Rgiat•d party ir4nSaCtIo In flnanclal >*ar no trustses refved any remuaOnI2OII. £MII- There was no other transatti(A)s wlth tnjstees or any rterted r$(S durln8 the year. 16