Charity number: SC044149
Irvine Bay Gymnastics Club S.C.I.O
Trustees' report and financial statements
for the year ended 31 March 2025
Irvine Bay Gymnastics Club S.C.I.O
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 - 4 |
| Independent examiners' report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 14 |
Irvine Bay Gymnastics Club S.C.I.O
Legal and administrative information
Charity number
SC044149
Independent Examiner
KFMCO Limited 52 Main Street Ayr KA8 8EF
Bankers
Bank of Scotland 167 High Street Irvine KA12 8AF
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Irvine Bay Gymnastics Club S.C.I.O
Report of the trustees
for the year ended 31 March 2025
The trustees present their report together with the financial statements of the charity for the year ending 31 March 2025.
The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities.
Structure, governance and management
The company is controlled by its constitution, a deed trust and constitutes a Scottish Charitable Incorporated Organaisation (SCIO) as defined by the Charities and Trustee Investment (Scotland) Act 2005.
The trustees, who are the only members of the organisation, have the power to appoint additional trustees as stipulated in the constitution. New trustees undergo an induction process which helps them to understand the charity’s purposes, financial position and current issues facing the charity. All trustees retire from office at each Annual General Meeting but may be re-elected.
The management of the Charity is the responsibility of the trustees who are listed on the information page. The Trustees administer the Charity’s affairs at meetings arranged at least quarterly, at which finances are reviewed and decisions on future plans are made.
Objectives and activities
Objectives and Plans
For the benefit of the public, the objectives of the Charity are:
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The advancement of health
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The advancement of public participation in sport
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The provision of recreations facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.
IBGC Mission
Gymnastics for All - IBGC believe in using physical activity and gymnastics intentionally to bring about positive benefits.
IBGC Vision
To break down barriers and empower every person to achieve their fullest potential through participation in physical activity, irrespective of age and circumstances.
Achievements and performance
As we reflect on the past year, I am filled with pride at the remarkable achievements and performances of our gymnasts and coaches at Irvine Bay Gymnastics Club. From April 2024 to April 2025, our members have demonstrated exceptional dedication, resilience, and talent, marking a year of outstanding accomplishments.
Key Achievements:
1. Competition Success:
Our gymnasts participated in numerous regional and national competitions, securing multiple medals.
2. Skill Development:
The commitment to athlete development has never been stronger. Our coaches implemented innovative training programs that not only enhanced performance but also focused on athlete well-being. Many gymnasts achieved personal bests, a testament to their perseverance and the supportive environment fostered at the club.
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Irvine Bay Gymnastics Club S.C.I.O
Report of the trustees for the year ended 31 March 2025
3. Community Engagement:
This year, we strengthened our ties with the local community through outreach programs and open days. Our "Try Gymnastics" initiative introduced the sport to new members, increasing participation and enthusiasm for gymnastics in Irvine Bay.
4. Coaching Excellence:
Our coaching team continued to pursue professional development, attending workshops and certifications. Their dedication to continuous improvement has translated into better training experiences for our gymnasts, enhancing both technique and confidence.
Financial review
Reserves Policy
The charity reviews the reserves annually as part of the budget setting exercise. It is the charity’s policy to ensure that reserves held are sufficient to cover a realistic assessment of the charity’s needs. This take into consideration forecast income and expenditure as well as and analysis of future needs, opportunities, contingencies or risks which could not be met out of routine income.
Plans for future periods
As we move forward, our focus will remain on nurturing talent and fostering a love for gymnastics among our athletes. We aim to build on this year's successes, setting ambitious goals for the upcoming year while ensuring that our club remains a welcoming and supportive place for all members.
In closing, I would like to express my gratitude to our coaches, parents, and volunteers for their unwavering support and dedication. Together, we have made Irvine Bay Gymnastics Club a beacon of excellence in our community, and I am excited to see what the future holds.
Thank you for your continued support and commitment to our club.
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Irvine Bay Gymnastics Club S.C.I.O
Report of the trustees
for the year ended 31 March 2025
Statement of trustees' responsibilities
The charity trustees are responsible for the preparation of the financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing the financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees recommend that Scott McPherson FCCA remain in office until further notice.
On behalf of the board
3 December 2025
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Irvine Bay Gymnastics Club S.C.I.O
Independent examiner's report
I report on the financial statements of Irvine Bay Gymnastics Club S.C.I.O for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet and the related notes.
Respective responsibilities of trustees and independent examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations (2006). They consider that the audit requirement of Regulation 10(1)(d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with Regulation 11 of the Charity Accounts (Scotland) Regulations (2006). An examination includes 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 seeking explanations from you as 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 view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations; and
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to prepare accounts which accord with the accounting records and to comply with Regulation 9 of the 2006 Regulations
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
KFMCO Limited 52 Main Street Ayr KA8 8EF
3 December 2025
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Irvine Bay Gymnastics Club S.C.I.O
Statement of financial activities
For the year ended 31 March 2025
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 659 Activities for generating funds 3 10,102 Incoming resources from charitable activities 4 256,342 Other incoming resources 5 5,490 Total incoming resources 272,593 Resources expended Costs of generating funds: Fundraising costs 6 - Charitable activities 7 308,494 Governance costs 9 1,754 Total resources expended 310,248 Net income/expenditure for the year ) (37,655 Total funds brought forward 265,491 Total funds carried forward 227,836 |
2025 Total £ 659 10,102 256,342 5,490 272,593 - 308,494 1,754 310,248 ) (37,655 265,491 227,836 |
2024 Total £ 11,328 12,702 243,740 6,880 274,650 310 291,958 2,968 295,236 ) (20,586 286,077 265,491 |
|---|---|---|
The notes on pages 8 to 14 form an integral part of these financial statements.
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Irvine Bay Gymnastics Club S.C.I.O
Balance sheet
as at 31 March 2025
| 2025 | 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||||
| Fixed assets | |||||||||
| Tangible assets | 14 | 210,362 | 254,856 | ||||||
| Current assets | |||||||||
| Cash at bank and on hand | 29,734 | 42,768 | |||||||
| 29,734 | 42,768 | ||||||||
| Creditors: amounts falling | |||||||||
| due within one year | 15 | (9,190 | ) | (19,878 | ) | ||||
| Net current assets | 20,544 | 22,890 | |||||||
| Total assets less current | |||||||||
| liabilities | 230,906 | 277,746 | |||||||
| Creditors: amounts falling due | |||||||||
| after more than one year | 16 | (3,070 | ) | (12,255 | ) | ||||
| Net assets | 227,836 | 265,491 | |||||||
| Funds | 17 | ||||||||
| Unrestricted income funds | 227,836 | 265,491 | |||||||
| Total funds | 227,836 | 265,491 |
In approving these financial statements as trustees of the charity we hereby confirm:
The financial statements have been prepared in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They comply with the Statement of Recommended Practice, “Accounting and reporting by Charities” issued March 2005.
The financial statements were approved by the Board on 3 December 2025 and signed on its behalf by
Trustee
The notes on pages 8 to 14 form an integral part of these financial statements.
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Irvine Bay Gymnastics Club S.C.I.O
Notes to financial statements for the year ended 31 March 2025
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout this and the preceding year.
1.1. Basis of accounting
The financial statements have been prepared in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They comply with the Statement of Recommended Practice, “Accounting and reporting by Charities” issued March 2005 and the Updated Guide to the 2006 Regulations issued by the Office of the Scottish Charity Regulator (OSCR) in 2011.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
1.2. Fund accounting policy
Unrestricted funds are those monies generated throughout the year via subscriptions, fundraising, gifted donations and bank deposit interest.
Restricted funds are those monies generated from grants received from various government bodies and independent trusts. The monies received are payments towards specific charitable expenditure as agreed by the donor.
Where the grants received are insufficient to cover the full costs of the specific charitable services provided, such that the restricted funds would then be in deficit, a transfer of funds is made from unrestricted funds to ensure that no restricted funds are in deficit.
1.3. Incoming resources policy
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
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Irvine Bay Gymnastics Club S.C.I.O
Notes to financial statements
for the year ended 31 March 2025
1.4. Resources expended policy
- Expenditure is accounted for on a receipt and payment basis and has been classified under the heading that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. The charity is not VAT registered, therefore cannot recover VAT on payments.
Costs of generating funds comprise the costs associated with attracting voluntary income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Governance costs are those costs incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
All costs are allocated between the expenditure categories of the SoFA on a basis to reflect the use of the resource. Costs relating to a particular activity are allocated directly, other are apportioned on an appropriate basis.
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Improvements to property - 10% on cost Plant and machinery - 10% on cost - Fixtures and fittings 15% reducing balance Motor vehicles - 25% straight line Computer equipment - 25% on cost
2. Voluntary income
| Voluntary income | ||
|---|---|---|
| Unrestricted funds £ Donations 659 659 |
2025 Total £ 659 659 |
2024 Total £ 11,328 |
| 11,328 |
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Irvine Bay Gymnastics Club S.C.I.O
Notes to financial statements
for the year ended 31 March 2025
3. Activities for generating funds
| Unrestricted funds £ Fundraising events 8,183 Hall hire 1,919 10,102 4. Incoming resources from charitable activities Unrestricted funds £ Subscriptions & fees 238,314 Competition and travel fees 18,028 256,342 5. Other incoming resources Unrestricted funds £ Active - schools/ coaching services 5,490 5,490 6. Fundraising trading Fundraising events |
2025 Total £ 8,183 1,919 10,102 2025 Total £ 238,314 18,028 256,342 2025 Total £ 5,490 5,490 2025 Total £ - - |
2024 Total £ 8,878 3,824 |
|---|---|---|
| 12,702 | ||
| 2024 Total £ 215,052 28,688 |
||
| 243,740 | ||
| 2024 Total £ 6,880 |
||
| 6,880 | ||
| 2024 Total £ 310 |
||
| 310 |
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Irvine Bay Gymnastics Club S.C.I.O
Notes to financial statements for the year ended 31 March 2025
7. Costs of charitable activities - by fund type
| 7. Costs of charitable activities - by fund type |
||
|---|---|---|
| Unrestricted funds £ Principal activity 308,494 308,494 8. Costs of charitable activities - by activity Activities undertaken directly £ Principal activity 308,494 308,494 9. Governance costs Unrestricted funds £ Accountancy fees 828 Loan interest and charges 926 1,754 |
2025 Total £ 308,494 308,494 2025 Total £ 308,494 308,494 2025 Total £ 828 926 1,754 |
2024 Total £ 291,958 |
| 291,958 | ||
| 2024 Total £ 291,958 |
||
| 291,958 | ||
| 2024 Total £ 810 2,158 |
||
| 2,968 |
10. Analysis of support costs
| Governance costs £ Accountancy charges 828 Interest payable and similar charges 926 1,754 |
2025 Total £ 828 926 1,754 |
2024 Total £ 810 2,158 |
|---|---|---|
| 2,968 |
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Irvine Bay Gymnastics Club S.C.I.O
Notes to financial statements for the year ended 31 March 2025
| 11. Net outgoing resources for the year Net outgoing resources is stated after charging: Depreciation and other amounts written off tangible fixed assets 12. Employees Employment costs Wages and salaries No employee received emoluments of more than £60,000 (2024 : None). |
2025 £ 44,494 2025 £ 190,492 |
2024 £ 45,173 |
|---|---|---|
| 2024 £ 173,367 |
||
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Coaches | 23 | 24 |
13. Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
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Irvine Bay Gymnastics Club S.C.I.O
Notes to financial statements for the year ended 31 March 2025
| 14. Tangible fixed assets Property Plant & Fixtures & improvements machinery fittings £ £ £ Cost At 1 April 2024 and At 31 March 2025 301,372 136,267 9,442 Depreciation At 1 April 2024 105,480 79,074 8,457 Charge for the year 30,137 13,626 148 At 31 March 2025 135,617 92,700 8,605 Net book values At 31 March 2025 165,755 43,567 837 At 31 March 2024 195,892 57,193 985 15. Creditors: amounts falling due within one year Loan - BBL Loan - SIS |
Motor vehicles £ 8,225 8,225 - 8,225 - - |
Computer equipment £ 5,212 4,426 583 5,009 203 786 2025 £ 9,190 - 9,190 |
Total £ 460,518 |
|---|---|---|---|
| 205,662 44,494 |
|||
| 250,156 | |||
| 210,362 | |||
| 254,856 | |||
| 2024 £ 9,190 10,688 |
|||
| 19,878 |
The loans are from the government Business Bounce Bank Loan and Social Investment Scotland and have formal terms attached to each loan.
| 16. Creditors: amounts falling due after more than one year Loan - BBL |
2025 £ 3,070 3,070 |
2024 £ 12,255 12,255 |
|---|---|---|
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Irvine Bay Gymnastics Club S.C.I.O
Notes to financial statements for the year ended 31 March 2025
17. Analysis of net assets between funds
| 17. | Analysis of net assets between funds | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||||
| funds | funds | |||||||
| £ | £ | |||||||
| Fund balances at 31 March 2025 as represented by: | ||||||||
| Tangible fixed assets | 210,362 | 210,362 | ||||||
| Current assets | 29,734 | 29,734 | ||||||
| Current liabilities | (9,190 | ) | (9,190 | ) | ||||
| Long-term liabilities | (3,070 | ) | (3,070 | ) | ||||
| 227,836 | 227,836 | |||||||
| 18. | Unrestricted funds | At | At | |||||
| 1 April | Incoming | Outgoing | 31 March | |||||
| 2024 | resources | resources | 2025 | |||||
| £ | £ | £ | £ | |||||
| General fund | 265,491 | 272,593 | ) (310,248 |
227,836 |
Purposes of unrestricted funds
Unrestricted funds are those monies generated throughout the year via fees income, fundraising, gifted donations and other sundry income.
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Irvine Bay Gymnastics Club S.C.I.O
The following pages do not form part of the statutory accounts.
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Irvine Bay Gymnastics Club S.C.I.O
Detailed statement of financial activities
For the year ended 31 March 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Incoming resources | ||||
| Incoming resources from generating funds: | ||||
| Voluntary income | ||||
| Donations | 659 | 11,328 | ||
| 659 | 11,328 | |||
| Activities for generating funds | ||||
| Fundraising events | 8,183 | 8,878 | ||
| Hall hire | 1,919 | 3,824 | ||
| 10,102 | 12,702 | |||
| Total incoming resources from generating funds | 10,761 | 24,030 | ||
| Incoming resources from charitable activities | ||||
| Subscriptions & fees | 238,314 | 215,052 | ||
| Competition and travel fees | 18,028 | 28,688 | ||
| 256,342 | 243,740 | |||
| Other incoming resources | ||||
| Active - schools/ coaching services | 5,490 | 6,880 | ||
| 5,490 | 6,880 | |||
| Total incoming resources | 272,593 | 274,650 | ||
| Resources expended | ||||
| Costs of generating funds: | ||||
| Fundraising events | ||||
| Fundraising expenses | - | 310 | ||
| - | 310 | |||
| Total fundraising trading | ||||
| cost of goods sold and other costs | - | 310 | ||
| Total costs of generating funds | - | 310 |
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Irvine Bay Gymnastics Club S.C.I.O
Detailed statement of financial activities
For the year ended 31 March 2025
| Charitable activities Activities undertaken directly Coaches costs Rent Rates and water Light & heat Repairs and renewals Insurance Software Scottish Gymnastic fees Training Professional fees Entertainment Club attire Telephone Sundries Amortisation Depreciation Competition fees Travel expenses Bank charges Total charitable activity expenditure Governance costs Support costs Accountancy fees Loan interest and charges Total governance costs Net incoming/ (outgoing) resources for the year |
2025 £ 190,492 18,000 292 11,638 2,394 7,146 2,050 1,087 2,157 10,152 - 416 1,056 1,215 30,137 14,357 10,837 4,586 481 308,494 308,494 828 926 1,754 1,754 ) (37,655 |
2024 £ 173,367 18,000 217 9,149 3,918 7,046 1,076 794 5,090 - 771 1,229 798 1,875 30,137 15,036 11,515 11,941 - 291,958 291,958 810 2,158 2,968 2,968 ) (20,586 |
|---|---|---|
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