Charfty rng18tratlon numbar SC045182 (Scotland) ACROBAY GYMNASTICS TRUST SCIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 ACROBAY GYMNASTICS TRUST SCIO CONTEKrs Page Trnstees, res>Jrt Ind&p8nd8nt WAamineV$ ryort Slalement of finandal aclivit 10 Balaft￿ $h••t 11 Note8 to the ftnandal 8talements 12-23 ACROBAY GYMNASTICS TRUST SCIO TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2024 The trustees present their annual report and flnand81 $181ements for th8 year ènded 30April 2024. The financSal statemants h8V8 been prepared in a¢¢ord8nce with the a￿OUntIng policies sel out in note 1 to the financial statements and comply with the tharily's goveming docurnenl, the Charities and Trustee Investment (Scotlandl Act 2CKJ5, th¢ Charities A(xounts IScoll8ndl Regulation3 2006 {as amended) and "Accounting and R&portlng by Charflies.. Sl818menl of Recornrnerided Practice applicable to charities preparing their accounts in 8cctsrd8nce vAlh the Finanaal Reporting Standard applicabl• in th8 UK and R&public of Ireland IFRS 1021. (effective 1 January 20191. Oblectlv08 And aetlvltl•• The Tru81 is a non-profit distributing charity whos& princApal oblgdivg18 10 8dvanc8 publlc p8rtIclpa￿art in sport, the encouragement of and ltte provision of gymngstSc opportunlllgs predomlnantly. but not exdu8fvely, for Indlvlduals from Wesl Fife and surrounding areas. To further these objectives, the Trust 88ak8', The encouragernent lo parucipate in th18 tgam sport and d&volop 80und teamwork 8lhic8 and behavlours. The organisallon of suitabl¢ soaal, ￿u￿tional and ￿r80n81 developrnenl advAie8 for ils members 88 deemed desirable by the Managgmenl Comm￿le¢. To provlde recreBtSonBI fa￿11119$ and organi88 recreallonal 8CtlvMle8 within the operallng area, w￿h such facililieslactivities belng made av8i18ble to m6mb8rs of the public 81 large wlh thè object of Improvlng Ihelr condllSons of Ilfe and Pro￿dIng opportunty. To 8dv8nce education and health In partluJL8r vllh relallon lo sports. octlve recreation and physical actlvlty. To advaneg dlizen8hlp andlor community dèvèlopment, in the interests of social welfar8 lo Improv• qu811ty of IKe. To promote, establish, operate andlor support other simllar schemes and projects which furthor thè Obl8c18 by provlding services whlch Sndude the managgmenl, opgration and developmgnl of sport8 f8cllllle8', the development and delivery of sports gctwities and events dlrected towards widèr partlcipalion in sport,. thè delivery of services focused on the needs of young people and working with other 8gencio$. bu8in888es. Trusts, companies, community bodies andlor other organis8tions to provide ActSve reer&Btion, physlcal acuvlly oprJ)rtunllies in cornrnunity facilitie8 withln the operatlng area. ACROBAY GYMNASTICS TRUST SCIO TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 We ojnlinue to ben•fft from the tremendws efvt ¥nd d&J¥Jtion trom everyone Involved. continuing to see winning re8uIt8 and remainlng lo ￿ one of the most succ*ssfvl 8nd lèading qymnastics fa￿l￿e6 both kxally and nationalty. The majority of the recreatK)nal daws ￿ng offered are njnnirtg al fijll tspaiity ￿th waiting lists. Atthough due to the continued o)8t of INing rxlsis we are seeiThJ a reduclion in Ihe nUM￿r of children on our w8ilin9 list$. Pre- school dasses during the week remain quiet on particajlar days, this 1$ due to the increased nur3ery hours for children age &5 years. A pre-s¢hts)I dass has been athled lo the tirnetabbe on a Saturday to help reduc8 the waiting lists for the Sunday d88se9. Towards the end of this finan¢io1 year links wilh Active Fife were 08lablished which over Ilme 8houkl allryw u8 10 lake u)aches into Sd￿018, aining lo h)mse the m&mber8hip opporturtitlo$. We continue to have a few thildrert additional needs spread arx058 our dasses with the tnjst woviding 1-1 Support where required at no add￿on￿ ¢osL This 1$ wewed as an important okn)ent of the Trust's objedve, In belng Indusive to all. Our Bummer camp8 ￿nIn￿lI￿agaIn year. These proved to be vory kKJpular with around 70 rècre8Jon81 an￿01 new children attending the Gym for All IGFAICamp8 e8th week. In addition lo the 2 GFA camps were 4 lumblSng workshop8 for the comwlilion squad gymnasts whth were attended by the majority of the squad gymnasts. This o)ntinues to make u$ more Visib￿ to the local communrty givirKJ ¢hiklf¥n the abdty to be aclive through tho holldays and to gfve the pa￿n1￿c8réfs a childcare solulion during theso m¢)nths. Babynex. the group hiring our 8•nsory room, continue(I to be suc¢fjssful, hcA¥ever due to F*rnonal dreum8tanc•8 the instructor had lo give up the t#xJking. A new baby das8 in our s¢nsory room wlll stsrt in August 2024 wllh ong of OUT oJache8.. Tha senlor display team o)ntinu8s lo expand gmng ex-gymnasts the o)portunty to conbnue in the sport thoy enjoyed competing in. This year the team h8v¢ perfwn8d to a sell out audien￿ al Gymf&st and are planning a trip overse88 next yeaf to perform. On¢e agaln ov•r the summer periryj our otmr display team, Gymiasia Dreams partidpated In a nurnber of llxal galas 8nd f8lr8 in Rosyth and Dalgety Bay by hawng stalls and perforning gymn88¢1¢ displays to Taise awareness of our dub gnd be invdved in the local communty. The team also Iravelled lo Amsterdam to take part in the Wortd Gymn888tr8da and are currently plannkng ond fundralsing for a tn'p to Disneylgnd Pgd$ In Ocaober 2024 To in¢r&888 income Christmas partie8 introduced this year. Th•8e wer• a great suixe88, attènded by ov¥r 100 d)Ildren. The aim is to conhnue these again next year. Our annual show Gymtssra. this year took place in our own gym. due to ValiOU8 6venl8 through the busy competition calendar not 8llowing the usual preparalion. Intemal staff training continues lo ￿ regu5ar. this year wo a rt?￿y qualified National ludgo 0ThJ 2 younger gymnosts completed their level 1 ￿neral ctyjrse, with their exam bth.ng in the summer. Staff develtspm•nt remalns important for the Tru81, we will be introducbng our ¢y•m 'Leam lo Coach. program, vthere gymnasts age 14 plus wll be trained and a&8e88ed on many aspect of coathing. with th& view to them ￿ng employed by th¥ Trust in future months. ACROBAY GYMNASTICS TRUST SCIO TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Achl•vom•nts and pèrfomian It has been another ￿8Y yearfor our c0mFetrt￿n squads. The year ¢ommenced with the NDP Inter-Regional Finals in Southampton WTth 7 partnerships qualifylng to compete from the St))ttl$h Championships in March. The NDP British Flnal$ in May 2023 saw 11 partnerships qual￿ a$ S¢ott15h Champions. Acrobay retumed with 6 meda18 overall. 3 of whith w&re mned Bribsh Champions. History was made al this (x)mFetrbon Scolland baing crowned the Reghinal Chamyons frjr the very first lim8. In Juna 6 partnerships travelled to Poland lo compete in th& Rzeszow Intemational Cup with all 6 partnèrships qualifying lor the finals. 3 of which reluming ￿th me)aches. Tho Trust vlll o)nUnu• to deveknp tho oldw gymnast8 •no)ur¥ging th0￿ wlling to C08ch to te FIJI foTh¥ard for coachlng quallflcatlc￿s. Durfng thè n•xt financial yaar th• fooJs wll tlry on tralnlng up somè ofthe youngor gymnasts lago 141 plu8 who 8Te loo￿n9 lo ￿Ch. puNing thtrm Ihrough Au¢)b8Y$ own'Loam lo Coa¢h' program. The Trust have linked with Active FTfe and are an acthdite¢J Club Fife ActTvty Prtsvider. Th8y w711 wot* ￿th Adive Fife and Actwe School8 lo gain funding so the Trust ￿athe$ can PTowde gymnasti¢8 in local school$. Providing additional opportunities for cna¢kn. 8choo18 teac*ern. ACROBAY GYMNASTICS TRUST SCIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 Structure, gov•m*nc• arKI m*nagem•nt Thè charity Is a Scolush Charflable Incorporated Organisation ISCIOI, govemed by a ConS￿tutIon 8nd controllad by Its Trustee$.11 1$ a registered charity. number SC045182 and was grantsd charitablo status by the Olyice of ScolU5h Charity Regulator8 on 24th October 2014. 11 has a th tier structure 8nd as such the trustees are 8190 member$ of th8 charity. Rofer•n¢• and AdminlJtratlv• Informatlon Chartty Namo A¢robay Gymnastic8 Trust SCIO Charity No SC045182 PrfnclpAI Addrn88'. 23 M9d&8n ￿Ik Dunlgrmlino Fife KY118TX Operatlonal Addr•u: Nervyn Cara Hou I Prfmr¢$8 Lane R08ylh Frfe KY112 SF Independent E￿MInOr Thomson Cooper 3 Castle Court Camegie Campu8 Dunf8rmllne KY118PB B*nker• Royal Bank of ScotLqnd 52-54 East Port Dunfamilin& KY12 7HB Nalionwde Building Society Kings Park Road Moullon Park Northampton NN3 6NW The tru81e8s who 89rved during the y&8r ond up to the dale of 8ign8lure ofthe finanrAal 8t8tements were.. Chair Treasurer {Resigned 30101r2023) Sacretary Tr•asur8r {AppctInt￿ 30101r20231 Th& Thmbers are ellglble for r&&lectlon on an annual bas18. ACROBAY GYMNASTICS TRUST SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 R•cnJltm•nt and appolnkn•nt of Tn*tO There ore three Trusle88. the Tru8tee3 8re elthd annualty at the Annual General Meetlng. Ne￿ Trustees are Opkyoached by existing Tru8lee8 and their du￿.eS are explait)8d to th¢m. must btr a minimum of three tW8t888 and 8 maximum af eleven. T￿￿tr• Indu¢tion and Tr4lnh)g The induction aThJ trainlng of tho TW$1￿ Is c¥ryiwJ durfrwJ thelr tenn of serbic8. K•y Manag•m•nt prsonnel r•mun•ralfon The trustees cx)nglder the key managem•nt ￿rSonnel of th& ¢hanty. All trusts9$ givg Ihoir lime ieely and no trustee remunoral".op. was paid in Ihe year. Details ol tru81oe 8yp8n8e8 and related party transadion8 ar8 dl8dos8d In Note 23 to ￿ ac)>)unts. Trustee8 disclosfj all rele¥8nl tirter¢sts in the trf)ard minute8. stst¢m•nt of tru•t•e•' r••pon•lblllti Th& trustee8 arè r8sp)nsibk for prèparfr¥J lh& Tru8tee8' Report and the finandal statsments In accord8nca wtth applic8ble law and Unlted Kingdom Ac¢ounting Standards {United Kingdcrfn Generally Acc*pted A￿oUnting Practice) The18w applicab￿ lo Charit￿s in Scotland requires the trustaes lo pr•pare Ilnantyal stalern8nts for each flnandal yoar vthich give a true and fair ol the State of affair8 ol ihe charity and ol the incoming resource8 and application of 188ourc88 oflhg ¢hgnty for that yw. In praparing Iheso finw¢1￿ 8tat•ment8, t￿ twusleès arè required to: . 88knt 8ullablg aminling Ok408 and then appty thom 0)n￿sterfy.' - obserye the meth)ds Bnd Prin￿￿¢$ in the Chwit*$ SORP., - rnBke ludgBment$ and estImal￿ th81 are reascfiable and pnjdent - slate whett)er applicatAe aecounting slandards hwe been foll¢y*ed. $uty'8¢t lo any m8lerbl departures dlsdosed and eXp￿Ined in the finanaal ststement$', atvj - prepare th• flna￿ta st*gm¥nts on (h• going c¢ncem basis unl8s6 il 18 inappropriate to presume that the chartty will ojnbnue in operabon. The truslees are Tesponsible for keeping sufflca8nt al￿￿nting rowds th* di8do8e wrth re88tsnable aoxracy at any lime the financial position of Ihe Ltharity and en8bl8 them to en$ure that the ￿an￿81 staternents c¥rnpty with the Charit￿8 and Trustee Investment ISc¢UaryJl Ad 2C¥)5. the Chan￿5 AGcAxJn15 (Scoilandl Regulations 20Ce las amended) and the provisions of the trust de￿1. They are ro8rthsiNtr for safeguarding the assets of the tharity and hence for taking reasonable steps for the prevention and dolèction of fraud and other irTegularities. ACROBAY GYMNASTICS TRUST SCIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Trustees. rustee 24 January 2025 ACROBAY GYMNASTICS TRUST SCIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ACROBAY GYMNASTICS TRUST SCIO I report on the financial stalernents of the charfty for the year ended 30Aprfl 2024, whith 8re set out on p8988 10 to 23. Respective responslbllltle8 of tru8t••s and •xamlnor The charity's tru51ees are responsible for the Preparation of the finanaal sialements in accordance with the terms of the Charities and Trustee Investments IScoUand} Act 2(105 and the Charilies Accounts jScotland> Regulations 2CX)6. The charity'8 trustees c(Jnsider that the audit requ1￿Ment of RegulBtion 10111{Bl to Icl of the 2(106 A¢¢ounl8 Regulauons does not apply. 11 is my responsibility to examine the finanrAal statements as required under Section 4411llcl of theAct and to Stale whether parllcular malters have ojme to my attention. 84010 ol Ind8p•rtd•nt •xamlnorfa gtstfjm8nt My examination is cgrried out in B¢xordBnce witti Regulalon 11 of Ihe 20r￿ Account8 R•gul8llons. An examlnatlftrn Indude8 8 ravlew of the ac￿UntIng ￿¢01￿8 k8pl by the charfty and 8 ￿)mparISOn ol the financlal stslernents presented with those record8. 11 also includes COn￿dera￿on of any unusual Items or disdosures in the financkg18ts1emenl3, and seeks explanation5 from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audf( and conaequenlly I do not expr888 an audll opinlon on the vlew gNen by the financial staternent6. Indepondtnt examlner'8 8tatement In eonnectlon with my examinallorn, no other matter excapt that referred lo In tho pr8¥lou8 paragraph h88 come lo my 8ttenllon', 101 which giva8 mo rea80n9b￿ cgU8e to belleva that In any m8t•rlg1 ￿8￿Cl th• r•qulremonl8'. to keep accounting records in accordance with section 44{111g1 of th8 2005 Act and Rogulallon 4 of the 20C6 Accounts Ragtslatlon8,' and 111) 19 prgpare finan￿81 slatgmen18 whlch accord ¥Alh th• ac¢ounllng r•cord$ and compty wlth Regulatlon 8 of the 2008 Accounls R8gul8tlon8', hav8 not been rnet or Ibl lo which, in rny opinion, allenlKJn 8hould b8 drawn In order to enable a proper understanding of the flnand818ts1ement8 to be reach8d. Thomson Cooper Accountan18 3 Castle Court Cameglè C8mpu$ Dunfemillne File KY118PB Dated.. 24 January 2025 ACROBAY GYMNASTICS TRUST SCIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2024 Unre•trlctsd R•8trlctsd fun fund• 2024 2024 Totsl Unr•8tri¢t•d Rostrlctsd funds fund8 2023 2023 Total 2024 2023 Income from: Donation8 and legades Ch8r*able activities Other fundraislng ctlvities Inve8tment8 1,788 428.259 1.766 428.259 2,600 421,347 2,000 4,600 421,347 11,355 1.127 6,052 17.407 1,127 25.897 419 25,897 419 Total Incom• 442.507 6.052 448,$59 450,263 2,OCQ 452,263 Charftable 8ctlvllle8 466,921 3,468 472,389 482,756 2.838 485,594 Net Incomolloxpendlturnl and movement In fund• 120,4141 2,584 (23,6301 112,4931 18381 (13,331} Rècanclllatlon of fund•'. Fund balances at 1 May 2023 152,109 1,280 153,359 164,602 2,088 188.8b Fund balanc•8 at 30 Aprll 2024 125,695 3,834 129,529 152,109 1,250 153,359 The stal6m&nt of finan¢lal aclivlli98 Includgs all galns and1088e8 rewnlsed In the year. All Income and exp8ndilure derfve from continuing actwiliè8. 10- ACROBAY GYMNASTICS TRUST SCIO BALANCE SHEET AS A T 30 APRIL 2024 2024 2022 Not98 Flxod aJ8¢ts Tangible a$$els 13 21.866 31.924 Curr•nt a8$8ts Stocks Debtors Cash al bank and in hand 14 15 5,020 11,847 119,869 1,988 19.692 116,975 136,736 138,655 Creditor$'. amounts falllng due wlthln on• ygar 129,0731 117,2201 Nel current asset8 107,663 121,435 Total a8tsetJ less current IlabllitS08 129,529 153,359 Income lund8 Resliicted funds 17 3,834 1,2SO Designated funds General unreslncted funds 18 20 10,000 115,695 10,OL)J 142,109 125,695 152,109 129,529 153,359 the Tru51ee5 on 24 January 2025 Trustee ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 AccoUn￿ng pollcl•8 Charlty Inforniatlon Acrobay Gymnastics Trust SCIO is a Scottish Charitable Incorporated Organisation which was granted on 24th October 2014. 1.1 Accountlng conventlon The finanaal statements have been prepared in accordance with the charity's Igoverning documentl, the Charities and Trustee Investment {Scotl8ndl Act 200S, the Charlllos Account$ IScotl8ndl R$gul81ion$ 2006 106 amend8dl, FRS 102 Yhe Financi81 Reporting Standard applicable in tha UK and Rèpublic ol Iraland. fFRS 102.1 and thé Charillg$ SORP A¢￿untIng and Reporting by Charili98'. Stalemanl of Recommended Practice appllcable to charities preparing their accounts in accordanco wlth th8 Fln8nclal Rèportlng Standard applicable in the UK and Republic of Ireland IFRS 1021" leffectlve 1 January 20191. The charity is a Publi¢ Benefit Enlty as defined by FRS 102. The charity has taken ath8ntage of the provisions in the SORP for charfties not lo prepara a Slat8m8nl of Ca$h Flow$, The finanGal Blatements ar8 prepared In 8terfing. which Is the functlonal currenry of the charity. Monetsry arnounls In Ihe8e finanaal stalemont8 are rounded to the nearest £. The flnBncial statements hove begn prgp8red undor tho hlstork81 ¢081 ￿nY¥nI10n. The prlnclpal accountlng poliaes adopted are Sat out below. 1.2 Golng eonc•rn Al the lirne of approving the flnandal 8talemen18, the Iruslees have a rea80nable expectation that the charity has adequate resources to continue in operational exlstence for the foreseeable future. Thu8 the Iruslees conlSnue to adopt the going concem basis of accounting In preparing the financA818tatemeni8. 1.3 Charltsble fund8 un￿81￿cted funds are avallable for use al the dlscretlon of the Iru8lee8 In furtheran¢* of Ihelr charltable objecUveB. Do8lgnAt8d funds comprlsa funds whlch hava bagn 8818$lda at Ihg dlscratlon of the trust888 for 8p8cIflc purposes. The purposes and uses of the deslgnated funds are set out In the notes to th6 finandal statements. ReStr￿ted funds are subject lo specific conditions by donors or grantor8 a8 lo hriw they may be used. The purposes and uses of the re8lricted funds are Set out in Ihe notes to the financial statements. 1.4 Incom• Income is recognised when the charity is legally enlltled lo il after any performance condllion8 have bgen met. the amounts can be measured reliably, and il is probable that income will be received. Cash donatlon$ arg ￿COgnISed on receipt. Other donatlons ara recognlsed once the charlty has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relab'on to donations receNed under GiftAid or deeds of covenant is rerDgnised al tho limo 01 th& donatlon. Interest on lunds held on deposit is included when receivable and the amount can be measured reliably by the notifjcation of the interest pahd or payable by the bank. l other Ineome ol B revenue nature is induded when the charity is enlilled to the Income. 12- ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Accountlng pollel Icontlnuodl 1.5 Expendlture Expenditure is recognised once there is a legal or construdive ot4igalion to transfer eo)nomic benefit lo third party, rt is probabl• that a translèr of economk b8neffts will be rewired in sett*ment. and the amount of the obligation can be measurgj rdiabty. Expendrture is classffied by aclivity. Th8 0)8ts of 8ath adivty we made up of Ihe total of direc* ￿$ts and shared costs, induding support costs inVo￿ed in undertaking eath actiwty. Direct ojsls attributable to a 8ingle activty are allocated directty to that activity. Shared costs wh￿h contribute to more than one activity and support costs which are not attributable lo a single actN¢ty a￿ apportioned between those actiwtses on a basis nsistent wrth the use of resour￿. Central staff costs are al￿￿ on the ba8is of time s￿nt, and depreclallon charges ar& 811¢)c81e11 w thé portion of the assefs use. 1.6 Tanglbl• flxed a•••ts Tangible fixed assets aro Initi￿ty meawred at cost and 8ub8eqL• mea8ured at OJ81 or valuallon, nel of dwrgcithn 8nd any Imp8irm•nt losw. DepreQal￿fi is recognised 30 88 to write off the ￿8t or valuation ola¥￿ts ￿8$ tholr r￿IdUal valu0$ over Ih•lr U8¢fv1 li¥eB on the follmng ba￿. F￿ureS and fftllr4J$ 20% Str81ght Llne The galn or1088 ari￿ng on th• dlspwl of an ass914 doterni1￿ 08 thg dlffgrgncfj bglwean the sale proceeds and the rAnWng value ofthe a88•t. and re¢¢>3n188d in the 8tsl•mont offin8ndal a(#fvltles. 1.7 Impalrni•nt afflx•d au•ts At each r6FQrting end date, the thanty wew8 the carrying amount$ of ils t8n91b￿ 0$801s lo d¢t&rnine whether there 13 any indiration that those 838ets have Suffered an impaimenl loss. If any $u¢h indi¢afjon exists, the re¢overabl¢ amount of the ¥$8et 1$ esum0￿j In ord•r to dgtemino tho extent of Ihe Impalmient 1088 lil any). 1.8 Sto¢k8 Stocks 8fe 81ated at Ihe ky•Mr of cost ond estimated Se1￿￿9 price 1888 costs to ujmplete and sell. C081 comprises direct m8tèrials and, where ap￿icable, direct labour cijsts and those overheads that have been In￿rred in bringing the $lixks lo Ihwr prg$enl iocatKJn and condition. Items held for distribution al no or ncminal ¢on$ldef81ion are me88ure(I thè l(y*Af of repia¢*ment ￿st and cost. Net reallsable value is the estNnated sdling piice less all estimated ¢))sts of o)mpkntion and ￿$ts lo bg Incjjrred In m8rk8ting, selling and distritr*Jbon. 1.9 Ca8h and ca8h •qulval•nt8 Cash and cash eqU￿a￿ntS indude cash in hand. dep)sitts hold at call with banks, other short-tem liquid investments with original matuni￿9 of three n￿nthS or lew and bank overdrafts. Bank gv¢rdrafts are $hown whhin borrowngs in ojrrent liabilities. 13- ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Accountlng pollel•• Icontlnuedl 1.10 Flnanclal Instruments The ch8rrty has eleded to apply the provisionB of Section 11 'Ba8ic Finandal Inslrumenls, and SectSon 12 'Olher Finanaal In8truments188u88' of FRS 102 to all of its financial Instrum&nts. Financtal instruments are recognised In the ch¥rilYs balan¢0 sheet when the charity becomes party lo the contractual provisions of the instrumonl. FSnandal 888ets and liabilities are off8el, ￿th the net amounts presented In the Ilnandal $tatemenl$, when therè is 8 l&g&lly 8nlorceable right lo sel off the recognised amounts and there is an Intention to settle on a n¢1 b¥si$ or to reall8e the a88et and 8ettle the liability simultaneously. B•81¢ fln•n¢lo14J5¥ets Basic finanaal assets, whlch Indude debtors and cash and bank balan¢e8, ara initially measur8d al Iransacllon pr*9 including Iran8aclion co818 and are subsequently carried at amortised cost using the effectlV8 Interest mèthod unless the arrangement ¢on81ilu1è8 a financAng transaction, where the transadion is me86ured al the present value of the future receSpts discounted at a rnarket rat• of interest. Finana81 assets dassified as receSvable wlthSn one year are not amort18ed. Ba8lc Ilnanel•l Il•bllltla8 Ba8ic financial liabilities, Induding creditors and bank loans ore Initlally r8cognl$ad at tran$8¢tion pricg un1&8S the arrangement constitutes a financlng transactlon, where tha debt Instrument is m88sured 01 the prèsgnt value of the fvlure payrnenlB discounted al a rnarkel rale of intere81. Financ181 Ilabllltl88 dB8slfied as paygblo wlthln one year are not amortlBed. Dobl In8lrumenls are 8ubsequenlly carrted al amortl8ed cost, uslng the effectfv8 InleTeBI rate method. Trade creditors are obligations to pay for goods or $ervice8 that hove been acquSred In the ordinary ￿ul$¢ of operations from suppli8r8. Amounts payable ar& C18$$￿e￿ as current Ilabilhl&8 rf p8ym8nl 18 due within one year or lags. If not. they arè pr8s&nl&d 88 non-cur￿n1 Ilabllille8, Trade ¢￿dElor6 are recoon188d Inllially al transaction prlce and 8ubsequenlty measured al amortlsed cost u3ing the effective interest method. D•r•eognltlon of Ilnanclal Ilebllltles Financial liabilrtie8 are derecognised when the charfty's o)ntractual obligatton8 expire or are dl8charged or cancelled. 1.11 Taxatlan The charity Ss not registered for VAT and accordingly. expenditure is stated gross of VAT. 1.12 Emplayo• ￿n•￿ts The cost of ony unused holiday entitlement Ss recognlsed In the perfod In whlch the employe8'8 services are received. Terminatlon benefit8 are recognlsed Immedlately as an expense when the charty is demonstrably cornmitted lo lerminale the employrnent of an employee or lo provide termination benefit8. 1.13 RO￿￿Ment b•n•fits Payments to defined contribution retirement benefit schemes are charged a8 an expense a8 they lall due. 1.14 AlloeAtlon of support and gavomanc• costs Support costs are those functions that assist the work of he charity bul do not directly undertake d)aril8blè activitie3. Support cxists indude office co8ls. payroll and govemance costs and ar8 incurred directly In support of expenditure on the objectives rf the charity. The ba$1$ on whi(* the support costs have beèn allocated are on a di18Ct ba518 or 88 an apportiontnent as set out in note 9. 14- ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Incom• from donation¥ and lega¢le Unr•strfctod R￿trIct funds fund8 2024 2024 Total Unrestrlctsd Rejtrlcted lund8 fund$ 2023 2023 Total 2024 2023 Donations and gift6 1,788 1,786 2,600 2,000 4,600 Don4Uons and glft• Ea81 Of Scotland Commlttee Tesco Groundwofk Edipse Llmilod Stagecoach Other donallon8 2,000 2,000 1,000 500 500 600 1,000 500 500 800 1,766 1,76e 1,788 1,788 2,600 4,600 Charltablo actIvI￿&S Unr••trlctsd Unr••tdcted Fund* Fund8 2024 2023 Tralnlng Sub$criptlon$ (members) Mernbership subscription8 Gift Aid Reclaimed Gymla8I8 Hire of facllitios Holiday carnps Awards night tickets BG badg98 and cortlfl¢ale8 387,905 9,950 2,117 6,0 1,880 7,303 346,588 10,055 10,491 22,723 2,513 20,354 10,784 8,623 428,259 421,347 15 ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Othèr fundrnl8ing a¢bvtti¢• Unrg•trfcted Restricted funds fund• 2024 2024 Total Unmtrlcted Re8trlcted fvnd$ funds 2023 2023 Total 2024 2023 Club MeTchandise sales Corporate Matched Funding Misc811?neou$ fvndrai$ing 4.147 4,147 1.5 5.618 1,59) 11,670 4.788 17.579 4.768 17.579 Othèr fvndr8l$lryJ acb"viUeB 11,355 17.407 25.897 25.897 InvMtm•nts Unrn•trtcted UnTeslricted funds fund8 2024 2023 Interest re¢elvable 1,127 419 16- ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 Ex￿ndItUr0 On ¢horltsble actrltle¥ Charftable Charltable expend1￿￿ expondlture 2024 2023 D5rect co•t• Staff rxjsts Depreaaijon and Impalnywil Rent on premise8 Miscellaneous Music licences SGA InSUran￿- dub, o)ach¢s, volunteers Coaches travel expenses Cost ol dub merchandise and kil Miscellanecyjs sman purth•w for gym Gyrnla8ia c03t8 Utilities Insuranc Staff Iralning Cost of BG badgas and certMcat88 Other charltable expendiiura 255,357 10.058 40.C 4.319 493 1.471 10.936 5,537 1,283 238,052 lo.(￿5 40,QX]3 3,959 445 1.241 14.378 4.065 615 10,978 20.652 1,591 1,935 4,082 17,232 19,996 2.218 823 2,079 20,764 378,021 369,493 8h•rn of •upport and gov•rn•nc• ¢￿tr not• Y) Support 96,101 472.389 465,594 An•lyil* by fund LIn￿SIr1d￿lI funds Restricted funds 468.¥21 3.488 462,7S8 2,838 472.389 465,594 17- ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 Support eosts Support Gov•manc• costs costs 2024 Support Gov•man¢e o¥ts 2023 Staff c0818 Phone and broadband Worldpay and bank tharge8 Fire safety l Health and Safely Waste and Hyglene Disposal Prlnlln9 and Slallonery IT and So￿are cogt8 Bathroom and deaning products Payroll co818 72.400 482 72,400 482 69,993 414 89,993 414 8,418 8,418 1.402 1,402 1,609 1,809 3,202 3,202 1,732 2,2 5,17e 1.732 2,236 5,178 1.873 1.050 11,890 1,673 1,050 11,690 1,853 2,462 1,853 2,462 4.557 2.120 4,557 2,120 96,388 ,101 96,101 The ¢hBrily Inlli8lly idgnllfi¢8 the eo818 of118 BVPPOrt functlons. 11 then IdenlmeB IhoBe coslB whi¢h relate lo th gov8rn8n¢o functlon. Rgfer lo th* table above for the b88I8 of apportionment and the analy818 of support and gov8rnanc¥ costs. All ¢0819 are 8llo¢al&il on 8 dlr&ct ba818. N•t mov•mont In fund• 2024 2023 The net movement in lund818 slated after tharglngllcredillngl.. Dgpradallon of owned 18ngible fixgd assets 10.058 10,085 Tru¥to09 None oflhe trustees received 8ny remuner8tlon. expenses or benefits from Ihe charlty durfng the year. 10 Employe Thè av8ragè monthly number of èmployées during the yè4r was-. 2024 Number 2023 Nurnber 33 30 18- ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 10 Employees Icontlnuodl Employment CO8t8 2024 2023 Wages and Sal￿e8 Social security costs Other pension cosi8 310,044 13,286 4,427 288,883 13,203 5,959 327.757 308,045 The chartty was Ilable for rA)rthtrAJUons lo •mployees' p8rwd p8ngon plans totslling £4.427 {2023 - £5,959) In the year. Pen8bn o)8ts are alkxaled to actNftI66 In prorAJIIM to the r¢l8t•J stsff ¢o$ts Incurred. The key management personnd CA)mw$• of thg H•ad Coad) and Club Administrator. The totsl 8mployae benefit8 of the key management personrtel ofth& thanty wow £65,789 {2023- £86.$481. No Trusteè receNed remunoratlon durtng year12023- nir). Thgre W8fe no emF4oyee8 vth08e 8Mual remuneraticffi wa8 nmire than £80,0￿. 11 Taxatlon A8 8 ch8rlty. Acrob8y Gymnastics Trust SCIO is exempt from tax on Int￿0 and gain8 ari$lng from It8 charitsble Acdvities. No t&K charge8 have ari8en in the yoar, 12 T•xatlon The chaiity Is exempt from tsxollon (ffl its act￿￿eS bpuuse all it8 In￿Me 18 ap￿fjed for charitable purposes. 19- ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 13 Tanglbl• Ilxod a8sots Fl¥tttrg• •n¥ Ii¢tlng• Co8t At 1 May 2023 80.928 At 30Aprfl 2024 80,928 DepreclatSon and Impalrnient At 1 May 2023 DopreuatKJn charge(1 Sn the yoar 49,004 10,056 AI 30Aprll 2024 59,ce2 Canylng amount At 30 April 2024 21,888 AI 30Aprll 2023 31,924 14 Stock• 2024 2023 Club klt. bg¢Jge8 and promolknal Item• 1,988 10 D•btorn 2024 2023 Amounts f•lllng du• wthln *)n• y*•r. Other debtors 11,847 19,692 16 Crod5tor•: amouni• falllng due Twlthln ¢Jne y￿r 2024 2023 Other tax81ion and social 8e¢urity Acwals and deferred In￿Me 3.141 25.932 2.511 14.709 29,073 17.220 ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 17 Restrlcted fund• The restri(aed lunds of the ¢harrty ¢omprise the un&xpend8d b8larK88 of donation8 and gran18 held on trust 8ubject to SF¢ufi¢ wnditions by don(Ks a5 to they may be used. At I PAay 2023 Incomlng R•sour¢o8 ￿￿Urt•S •xp•nd•d At 30 Aprll 2024 Perfod Povety Grant East of Scotland Commitlee Gyrnla8ia Dreams 1161 11,200) 12,2521 1.2CM) 6.052 3.81)) 1.29) 6.052 13,468) 3.834 Provlo￿ y*•r: At l May 2022 IncomlNJ R••our¢ r•￿U￿ ?xpendod At 30 Aprll 2023 Period Poverty Grant East of Scotland Committ•• 88 1381 12,8CQ) 50 1,200 2,838 1.250 Perlod Poverty Grant. A grant receNed to be used to free wc*Jucts. East of Scotland Committee- A granl r￿ed to be used lo help an Intemational trips. GyrntaBia DreamB- Funds rai8ed lo ￿ used to help fiJr¥J Gymta8ia Dreams gymnasts trips and c081ume8. 18 Unr•th¢t•d fvnd• The unrestricted funds of the d)arity coryrise the unexpended batances oldonations and grants whid) are not subjed to specific condrtions by donor8 and grantors as to how they may be u8ed. These indude designated funds vthith ha￿ tthn set aside OLrt of unre8tricted fijnds by the trustees speofic purpL)se8. At 1 May 2023 Incomlng Resourc resources expended At 30 ApTII 2024 Propety Rep81rs General lunds 10.CKMI 142.109 10,OCX] 115,695 442.507 (488.9211 152.109 442.507 {468.9211 125,695 21 ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 18 Unrèstrletsd fund$ IConlnL*dl Prwlou8 year. At 1 IAay 2022 Incomlng R￿our rosources expended At 30 Aprll 2023 Prop8rty R&pai General fiJnd8 10.C 154,6tr2 10,000 142,109 1462.7561 164.W2 462.756 152,109 The Iruslees have Set a￿d• lund$ fof th• purp)se of repairing the rented acoJffl&Jation. 19 An•ly$l• ol n•t b•tw•an fund• Unmtrl¢tsd funds 2024 R••tdet¢d fund• 2024 Total 2024 At 30 Aprfl 2024.. T8ngiblg ¥s8el$ Current a88etsllliat41th8) 21.886 103.829 21,886 107,663 3.834 125.895 3.834 129,529 Unmtrlcted lund$ 2023 Re8trlcted fund• 2023 T¢tAI 2023 At 30 Aprfl 2023: Tangible Assets Currenl a88et810iabili1*8) 31.924 120.185 31,924 121,435 1.250 152.109 1.250 153,359 20 Unrnstrlctad fund• These a￿ unre31ri(#ed fvnd$ vthlth material to the ¢tsitys al*¥￿eS made up as folJtrw8: Movwnent In fvnd$ Movoment Sn lund5 Inromlrv4 R08our￿• B•l*ne• •t Inuffilng R•Bourets Ba￿￿¢0 I 2022 I••￿re￿ •xp•nd•d 1 ¥•y 2023 r•wurw •xp•nd•d X*Aprll 2024 Gener81 Funds 154.ei)2 450,263 (462.7561 142.1CV4 448,￿ 1472.3741 118,295 ACROBAY GYMNASTICS TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 21 Rol8tgd party tran8actionB the wife of Trustee ion, and £22012023.. £1751 In as pald £26.￿9 12023.. £26,579) for coaching and expenses for her lo attend ¢ompelTtion8 a3 a represenlalive of min1S ra the'lrusl. rave