**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
**Page 1**
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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:
- The advancement of health
- The advancement of public participation in sport
- 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.
**Page 2**
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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.
**Page 3**
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- 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
**Page 4**
## **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:
- (i) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations; and
- 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
**Page 5**
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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.**
**Page 6**
## **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.**
**Page 7**
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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.
**Page 8**
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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|
**Page 9**
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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|
**Page 10**
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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|
**Page 11**
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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.
**Page 12**
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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|
|---|---|---|
**Page 13**
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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.
**Page 14**
## **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|
**Page 16**
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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|
|---|---|---|
**Page 17**