gymtud by Kestrel Kestrel Gymnastics Group Scottish Charity No- SC045718 Annual Report and Financial Statements for the year ended 31 October 2024 If.-. I Iiii I'r.Imrfji.ro lJri4. Edinburgh. EH12 9AE SIXlSh Registered Charity Number.. SCIJ45718
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Kestrel Gymnastics Group
Scottish Charity Number – SC045718
Annual Report and Financial Statements
For the year ended 31 October 2024
Trustees’ Annual Report
The trustees have pleasure in presenting their report together with the financial statements for the year 31[st] October 2024
Reference and Administrative Information
Charity name
Kestrel Gymnastics Group
Charity Number SC045718
Address
Forrester / St Augustine’s Community Sports Hub, Broomhouse Road, Edinburgh EH12 9AE
Current Trustees
Structure, Governance and Management
Constitution
The Charity is a Scottish Charitable Incorporated Organisation (SCIO). It was registered in its current legal form on 17[th] June 2015. The charity was previously CASC but changed its legal form to a SCIO. The assets of the CASC were transferred to the SCIO on the 17[th] June 2015. It has a single tier structure and as such the trustees are the members of the charity.
Appointment of trustees
Trustees are elected at the annual general meeting which is held in April. There must be a minimum of five and a maximum of fifteen trustees. Membership of the board is open to all parents and guardians of children in the Club as well as interested members of the community
Objectives and Activities
Charitable purposes
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The purpose of the charity is to advance and promote of the sport of Gymnastics and support the training of Coaches and Judges within West Edinburgh and surrounding areas.
Activities
The club has struggled oer the past year whilst attempting to set up a pre school gymnastics group post covid, unfortunately following over a year of perseverance and extensive costs we have decided that this is not a feasible option for the club going forward.
We have made many changes to the club and its management and we hope to have a much more financially secure future moving forward.
Achievements and Performance
We have succeeded at many gymfest display competitions and grade and voluntary competitions and we are exceptionally proud of the gymnasts in our club. We have trained new coaches and hope to support them through their gymnastic coaching journey.
Volunteers
The Charity contracts with several part time coaches but is still reliant on the help of volunteers. The Trustees wish to record their thanks to all those who have given their time.
Financial review
The Charity’s main source of funding continues to be class fees which are charged to parents.
The Charity has been successful in increasing its own fundraising activities which has contributed to gymnasts’ travel, costumes and new kit.
The trustees continue to monitor and control costs and are satisfied with the financial position at the year end.
Reserves policy
The trustees of the Charity have focussed on ensuring that the Charity has sufficient funds for the continued operation of the club, including rental of facilities, payment of coaches, replacement of equipment and as a contingency for unforeseen circumstances and risks.
Reserves are currently £2.74
Plans for future period
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The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature: a Signature: a
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Date: 12/12/2023
Date: 12/12/2023
Independent Examiner’s Report to the Trustees of Kestrel Gymnastics Group
Statement of Receipt and Payments
For Year Ending 31 October 2024
| Statement of Receipt and Payments For Year Ending 31 October 2024 |
||||
|---|---|---|---|---|
| Unrestricted | Restricted | Year ende | ||
| Fund | Fund | 31-Oct-24 | ||
| Note | £ | £ | £ | |
| Receipts | ||||
| Gross trading receipts | 58,876 | - | 35465 | |
| Donations | 6 | - | - | - |
| Receipts from charitable activities | 7 | - | - | - |
| Fundraising receipts | 8 | 484 | - | 484 |
| Bank interest | 4 | - | 4 | |
| 58,876 | - | 35959 | ||
| Payments | ||||
| Cost of charitable activities | 9 | 31,279 | 32878 | |
| 31,279 | - | 32878 | ||
| Surplus /(Deficit)for the year | 1542 | 2113 | ||
| Transfers between funds | - | - | - | |
| Surplus /(Deficit) for the year | 1542 | - | 1,542 |
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Statement of Balances Kestrel Gymnastics Group as at 31-10-2022
| Fixed Assets | 2023 | 2024 |
|---|---|---|
| Gym Equipment | 19078.94 19078.94 | 19078.94 19078.94 |
| Audio Equipment | 449.00 | 449.00 |
| Total Fixed Assets | 19527.94 19527.94 | 19527.94 19527.94 |
| Current Assets | ||
| Accounts Receivable | 1048.23 | 845.61 |
| Supplier Overpayment | -5.75 | 0 |
| Treasurers Account | -154.05 | 501 |
| Deposit Account | 1.00 | 1.00 |
| Total Current Assets | 889.43 | 1013.23 |
Current Liabilities
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| Accounts Payable | 42.00 | 105 |
|---|---|---|
| Total Current Liabilities | 70.50 | 124 |
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Notes to the accounts - for the period ended 31 October 2024
1. Basis of accounting
These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
2. Nature and purpose of funds
Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objectives of the charity. The trustees maintain a single unrestricted fund for the day-today running of the club.
Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for a specific purpose.
3. Trustee expenses
4. Related Party Transactions
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5. Donations
6. Receipts from charitable activities
7. Fundraising receipts
| Unrestricted | Year ended 31- | ||
|---|---|---|---|
| Fund | Restricted Fund | Restricted Fund Oct-2024 |
|
| £ | £ | £ | |
| 8. Cost of charitable activities | |||
| Payments | |||
| Coaching Fees | Cost of Charitable Activities | 67,663.69 | |
| Gym Equipment | Cost of Charitable Activities | 0 | |
| Competitions and Grades Expenses | Cost of Charitable Activities | 2025.01 | |
| Gymfest Expenses | Cost of Charitable Activities | 3024.50 | |
| Kit and Costumes | Cost of Charitable Activities | 3507.36 | |
| SGA Memberships | Cost of Charitable Activities | 1621 | |
| Bank Charges | Cost of Charitable Activities | 0 | |
| Legal Fees | Cost of Charitable Activities | 0 | |
| Computer Hardware | Cost of Charitable Activities | 778.53 | |
| Computer Software and Accessories | Cost of Charitable Activities | 200 | |
| CPC Courses and Conferences | Cost of Charitable Activities | 0 | |
| Drumbrae Rent | Cost of Charitable Activities | 12503.31 | |
| Equip Repairs | Cost of Charitable Activities | 0 | |
| Forrester Rent | Cost of Charitable Activities | 8300.95 | |
| Fundraising Expenses | Fundraising Expenses | 0 | |
| Storage Costs | Cost of Charitable Activities | 2122.00 | |
| Insurance Premiums | Cost of Charitable Activities | 0 | |
| Internet Subscriptions | Cost of Charitable Activities | 0 | |
| Accounting Fees | Cost of Charitable Activities | 0 | |
| Oriam Hall Rental | Cost of Charitable Activities | 0 | |
| Printing and Stationery | Cost of Charitable Activities | 0 | |
| Sundries | Cost of Charitable Activities | 197 | |
| Travel - Mileage Claims | Cost of Charitable Activities | 0 | |
| Total Payments |
8. Cost of charitable activities
Surplus / Defecit
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The financial statements were approved by the Trustees and were signed on its behalf by:
Signature: a Signature: a Date: 16082025 Date:16082025
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