Charity registration number.. SC047811 ABERDEEN GYMNAsrrcs TRUSTEES. REPORT AND UNAUDrrED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 .&Kiom Busin¢ss C4nsultsn¢%' Limit¢d Tharted C¢rtified.4ttow monoIdnl Fami Ji)uthnott
Aberdeen Gymnastics Contents Page Trustees, Report Independent Examinevs Report Statement of Financial Attivities Statement of Financlal Position Notes to the Financlal Statements The following pages do not fonn part of the statutory accounts: Detalled Statement of Flnanclal Acttvltles 12-13
Abwdeen Gymnastks Trustees. Report Ft)r The Year Ended 31 March 2025 The trustees present thelr report and the financial Ststements for the year ended 3L March 2025. ObJeclEves and Artfvltles Alffls and ob)tiVe Aberdeen Gymnastics airns to be recognised as the leath.ng provider of gymnast In the Aberdèen aa and to make a positive impart on the local comrnunity. The Board believes that taught well, sport and physical educatyon develop qualities suth as self- esteem, leadership and teamwork, rna.ng sport a force for good. Aberdeen Gymnastics IDoks tt) wovide opportunities that enrlcn the lives of those Involved, having a posr(Ive Impart on mwnbers long after their training has come to an end, and tc en¢oura9e lffelong involvemert in the sport whether a5 participants, c)aches, or offiaals. Achlevernents and Performance Main Achie¥ernents The charity's activities contlnue to grow year on year and the number of local chlklren partldpating In gymnastics at the charlty's venues has Increased. Our preschool programme Is by far the largest and most popular In the area wlth most of our pre-schoolefS gradu)tlny stralylit iiilo our gyii)nastiCS PfO9ramnx. This demonstrates that parents Val the programme our coaches d4livw, as their children rgmain involv•d our gymnastics programmes once they reach primary school age. Tris is entirely due tD the enthusiasm and professionalism our preschool coaches bring to their classes each day, The Trustees recognlse how ftrtunate the charity is to have such a dedicated and professional workforce. Our Easter, Summer and Ottober carnps are nighly popular wth members an(1 non-membets allke. These camps provlde vltal holiday artivycies for the local community delivering high qualty physical activity during holiday pwiods. Our camps are grèat fijn, promote fitness and physical artivity and are looked forward to by gymnasts and coathes ald(e. The Aberteen Gymnastics Club, the Aberdeen University Gymnastics aub, Robert Gordon Universty Gymnastlcs Club and the Robert Gjrdon Cheerleading Club all use our facilities on a weekly basis, We have develo gooa relationshlps wlth both universities. Other local clubs frequently use our facllltles, especlally Sn their own bulld up> to competition$, where access to a full sprung floor and competitiv¢ apparatus ak1$ tlwr own gymnakts, praparatlon. Th• charity's staff has also provided CPD for local schools. The charity has made lorrfj tem) commitments at both its venues to ensu the long-temi provlslon of Its artlvitles and provlde securlty OF employment for Its coaches, who deliver the charitjes aaivitses. Ongolng Investment in new equlpment helps to malntaits a hi9h-quality training envlronmont at both vonu46. Provldlng the best posslblg training 4nvlrrJnment fgr mqmbÈrs rom31ns a high pro)rity for the charity Trustees. Gymnova UK inspects our venues each Year to ensu our equipment is rnaintained to a hlgh standard. The charity provldes a number of compets'tive opportunitles each year for the children to compete In front of their parents, where they can see thelr progress tThrouohout the year. Not every chlld ¥Ylll Stand on the podium and that Is fine. What matters 13 that they show ¥Pi try thelr best and discover the Joy In what they do, c•l•bratlng thglr achl•v•m•nts and •ffort. Learnlng gkllls for Ilf8. Flnanclal Revlew Flnancl41 Position The charlly'5 flnances remaln In a heJl¢hy posltlon. The Board l¥ satfjsfied that the charfty rémains ab to ddlv•r ?n Its obJ•dv45 and ¢ontinu46 to rn¥k• •n Important contdbutbon to the local cornmunity. Reference and Adrnlnl•tratlve Delall• Chdrily SC047811 Principal Address Aberdeen Gymnastics Centre Whkt•myres, Lang Stracht Aberdeen A815 6XH Piee I
Aberdeen Gymnast*s Trustees. Rewjrt (continue(l) Por The Year Endexl 31 March 2025 Inde endent Exa niifier AAiuii i BusitTré>> uui I>UlLancy mIteL1 Chartered Certified Accountants Montgoldrum Farm Arbuthnott Laurenceklrk Aberdeenshlre A330 ILS Th@ trustees. rewrt was approved by the board of trvstees and sbgned on Its behalf by,, . ruste 171L212025 P4¢2
ADeraeen tsymnastics Indèp•nd•nt Examln•r's R•ptsrt to tne Titssie•5 01 Abad••n Gvmn•sti Mrartr. 2C IL. port on the accounts of ADerdeen GymThistics (the Charityj for the year ended 31 March 2025 whkh are set out on pages I to Rosponsiblllties and 8asls of Report ,¥ aLLJ411".th 1. 'Jie i¥ri ris ol liii Lti&i,-ILies and Trustee Investmènt (Scotland) P£t 2005 and the Charltles AccoLmts (ScotlBnd) Regulations 2006 (as arnend), The charty trustees rnn¢irts)r th? Xiidltr fAni.Irtsmntr nf ri&11141n i n!? ! !! fr) 2ngA 4rrr¥i iTh+¢ Qanrilxtrirtnr rfThec p.At nnhi l+ ¥¢ rrlij ": kl"IISibiiit¥ tu ¢xonilrie 4Lcudnts 05 requireu up.tser SOn 44 (1) (r j of the Aa arKi ro staTr wherfser parttcutar matters have comp. tn mv attention. My examinatlon Is carried out In ace¢rdance wlth Regulatton 11 of the 2006 Accounts Regulations. An exarnlnation includes a review of the accounting recor(15 kepr by tne charity and a comparLson of the accounts presented wlth those records. It also Indudes consideration of any unval items or disclosures in the JCCCunts 5e.s explèn8Doos ty.e Prii¢•?•¢ friV4Pb¥rfi!nn ny sii•¥% muttErs. Tiè prCedUreS ts'.-"Ett-'.- .e r.¥ TrOe-, express an aiiéit opinion on the view given tty tne a•nL. whlch oives me reasonable cause to bel¥0 that In any m•twlal r•spert the requlrements: LU xeep dccuun(Ing rec(& In •¢CorOan wiui Swion q(i) (a) of me 20i15 Act ana Atyu{lOl7 4 of Ihe 2006 Accounrs Regulations to preparc accounts whlch accord M'lth the accountyng records and compty Reoulatlon 8 rf the 2006 AccDunts haye not been met, or to K'hich, in my opir,ioii, alte-..riun Ehould be drnwn In order to enable a proper understsndlr¥J of the accounts to be reachea. Axlom 8uslness Consultancy Llmlted Chartered Certlfled Accountants Montgoldnim Fami Aroutnnott LaiirencekirK A,--deenSlre AI3JO ILS
Abefdeen Gymnasttcs statement of Financial Activitfes For The Year Ended 31 Mar¢h 2025 2025 2024 Unrestrlrted Unrestri¢ted funds funds Notes INCOME AhlD ENDOWMENTS FROM.. Donatlons and legacie5 harltahle acpiiiities: Gymnastics fegs nvestments 11,557 67,626 478,372 418,730 136 489.935 486,492 EXPENDrruRE ON: Ralslng funds Charitable artlvlties,. Gymnastlcs tees (i) (490,471) (490,472) (537) (499,260) (499,260) NEf EXPENDITURE {12,768} MOVEMENT IN FUNDS [537) (12,768) RECONCILIATION OF FUNDS: Total funds brought fonNard 282,181 294,949 TOTAL FUNDS C4RRIED FORWARD 18 281,644 282,181 The notes on paoes 6 to 11 form part of these flnanclal statements.
Abwdeen Gymnastks Statement of Financial F>ositiort As At 31 March 2025 2025 Unrestrict¢4 funds 2024 Total funds FIXED ASSETS Tangible Jssets Investments li 12 82,912 200,000 83,720 200,000 282,912 283,720 CURRENT ASSErs C)gbtors Cash at bank and in harKI 13 56,250 2.911 56,250 1.526 59,161 57,776 (58,800) (47,578 ) Creditors: Amourts Falllftg Due Withln One Year 14 NEf CURRENf A55rfs (LIABILmE5) 361 10,198 TcfAL ASSFfs LSSS CURRsNf UABILMSS 283,273 293.918 Creditors: Amounts Falllng Due After More Than One Year 15 (1,629> {11,737) NEf ASSETS 281,644 262,181 FUNDS OF THE CHARrrY Unre*rltted Funds 281,644 282,181 TOTAL FUNDS 18 281,644 282,181 On behalf of the board TrLi<r¢¢ 1711212025 The notes on pages 6 to 11 form part of these fironclal statefferts.
Aberdeen Gymnastks Notes to the Financial Statements For The Year Ended 31 March 2025 General InfoTmation Aberdeen Gymnastic5 is a Scottish tharitable Incorporated Organisation registered with the offi of the Scottish Charity Regulator (OSCR), registered charity number SC047811. The principal address is Aberdeen Gymnastics Centre, Whitemyres, Lang Stracht, Aberdeen, AB15 6XH. 2. Ac¢ountlng Policies 2.1. Basls of Preparatlon of Flnanclal Statements The financlal statements have been prepared In accordano wlth: • the Charities and Trustee Investment (Scotland) Act 2005, • Ihe Charities Accounts (Scotland) Regulations 2006 (as amended), • UK Generally Accepted Accountlng Prattice (UK GA4P), including FRS 102 - The Flnanclal Reportlng Standard applicable In the UK and Republlc of Ireland, and the Statement of Recommended Prattlce". Accountlng and Reporting by Charltles (SORP) (FRS 102) The charlty Is a golng concern and the accounts have been prepared on that basls. The flnanclal statements are prepared on the accruals basls and In accordance wlth the hlstorlcal tost conventlon, except where otherwlse stated In the accountlng pollcles. 2.2. Zncomlng Resourc•• All Income Is recognlsed once the charlty has entitlement to the Income, there Is sufflclent certalnty or receipt and so It Is probable that the Income wlll be recelved, and the amount of Income recelvable can be m8asured rellably. Oonatlons, are recognised when they have been communlcated Is recelved In wrftlng wlth notification of both the amount and settlement date. In the event that a donatlon is subjett to condltlons that requlre a level of performance before the charlty is entltled to the funds, the Income Is deferred and not recognised untll elther those condltlons are fully met, or the fvlfllment of those ¢onditions Is wholly within the control of the charity and It 1$ probable that those conditions will be fulfllled In the reporting perlod. Interest on funds held on deposlt Is Included upon notification of the interest pald or payable by the Bank, Divldends are recognised once the divldend has been declared and notlflcatlon has been recelved of the dlvldend due. Thls Is normally upon notlflcatlon by our Investment advlsor of the dlvldend yleld of the Investment portfollo. 2.3. Resourr*s Expende Llabllltles are recognlsed as expenditure as soon as there Is a legal or constructlve obli9atlon commlttlng ttte charity to that expendlture, It Is probable that settlement wlll be requlred and the amount of the obllgatlon can be measured reliably. All expendlture Is accounted for on an accruals basls. AJI expenses, indudlng support costs and governance costs, are allocated or apportioned to the applicable expendlture headlngs In the statement of flnancial activitles. 2.4. Tanglble Flx•d Awts and Depreclatlon Tangible fixed assets are measured at cost less accumulated depreclatlon and any accumulated Impaimient losses. Oepreciation Is provlded at rates calculated to wrlte off the cost of the fix&J assets, less thelr estlmated resldual value, over their expected useful lives on the following bases: Leasehold Plant & Machinery Computer Equipment 15•h stralght Ilne 15010 straight line 33% straight line 2.5. Xnvestments Investments are initlally recognised at their transattion value and subsequently measured at their market value as at the balance sheet date as valued ty the Trustees. Pag¢ 6
Aberdeen Gvmnastics Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2.6. Cash and Cash Equivalents Cash and cash equivalents are basic financial aet5 and include cash in haFid and deposits held at call wtth banks, other short-term highly liquid investments that mature in no more than three rrnnths from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 3. Income from Donations and Legacies 2025 2024 Unrestrirted Unrestrlcted funds funds Donations and gifts Gift aid Grants 50,050 13,576 4,000 11,557 11,557 67,626 4. Investment Income 2025 2024 Unrestrl¢ted Unrestrlcted fund$ funds Bank interest recelvable 136 S. Net Income/(Expenditure) The net expenditure is stated after chargin91(crediting): 2025 2024 Operatlng lease rentals Depreclatlon of tangible fixed assets - owned Depreclatlon of tangible fixed assets - finance leases and hlre purchase contrarts 88,426 15.572 96,523 15,957 6. Analysis of Expendlture 2025 Attlvities undertaken directlv Support costs (see note 7 ) Total Gymnastlcs fees 309,472 181,000 490,471 2024 Artivities ndertaken directly Support costs (see note 7 ) Total Gymnastics fees 300,414 198,846 499,260 e7
Aberdeen Gymnastks Notes to the Financial Statements (continued) For The Year EndeAI 31 March 2025 7. Support Cost$ 2025 Gymnastlcs Total Employee costs Premises expenses General administratlon Depreciatlon Interest payable 12,192 118,525 34,171 15,572 540 12,192 118,525 34,171 15,572 540 181,000 181,000 2024 Gymnastlcs Employee costs Premlses expenses General admlnlstratlon Depreclatlon Interest payable 11,213 125,402 45,734 15,957 540 198,846 8. Independent Examlner's Remuneratlon 2025 2024 Independent examlnatlon of the flnanclal statements Other assurance servlces Tax advlsory servlces Other financial s¥rvlces 1,176 1,176 9. Staff Cost• Staff costs were as follows: 2025 2024 Wages and salaries Other penslon costs 228,579 36,023 240,994 30,637 271,631 No employees received employee benefits (excludlng employer penslon costs) for the rep)rtlng perlod of more than £60,000, 10. Average Number of Employees Average number of employees during tne year was: 19 (2024: 13) Pagc 8
Aberd Gymnastics Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 11. Tangible Assets Land & Property Leasehold Plant & Computer Machlnery Equipment Total Cost As al l April 2024 Addltlons 54,870 253,268 14,764 2,334 310,472 14,764 As at 31 March 2025 54,870 268,032 2,334 325,236 Depreclatlon As at l Aprll 2024 Provided durlng the perlod 39,844 3,006 184,820 12,485 2,088 81 226,752 15,572 As at 31 March 2025 42,850 197,305 2,169 242,324 Net B¢>ok Value As at 31 March 2025 12,020 70,727 165 82,912 As at l Aprll 2024 15,026 68,448 246 83,720 12. Investments Unllsted Cost As at l rI1 2024 200,000 As at 31 March 2025 200,000 Pfovlslon As at l Aprll 2024 As at 31 March 2025 Net Book Value As at 31 March 2025 200.000 As at l Aorll 2024 200,000 13. Debtors 2025 2024 Due wlthln one year Other debtors 56,250 56,250
Aberdeen Gymnastics Notes to the Financial Statements (continued} For The Year Ended 31 March 2025 14. Credltors: AnuntS Falling Due Within One Year 2025 2024 Trade creditors Bank loans and overdrafts Other creditors Taxation and Social security Accruals arid deferred income {1 ) 10,108 12,205 4,652 20,614 10,108 12,253 2,475 33,964 58,800 47,578 15. Credltors: AnntS Falllng Due After More Than One Year 2025 2024 Bank loans 1,629 11,737 16. Loani An analysls of the maturlty of loans Is given below.. 2025 2024 Amounts falllng due wlthln one year or on demand.. Bank loans 10,108 10,108 2025 2024 Amounts falllng due between one and flve years: Bank loans 1,629 11,737 17. Pen•lon Commltments The charlty operates a deflned contrlbutlon penslon scherrn. The assets of the scheme are held separatsly from those of the charlty in an independently admlnistered fvnd. Durlng the year the charge to the statement of flnanclal attlvltles In respert of defined contrlbutlon schemes was £36,023 (2024.. £30,637). At the ststement of flnanclal posltlon date ¢ontrlbutlons of £NIL were due to the fund and are Included In credltors. 18. Movement In Fund• As at l Aprll 2024 Asat31 Expendlture March 2025 Income Unrestrleted lund• General.. General unrestrltted fund 282,181 489,935 (490,472) 281,644 Total funds 282,181 489,935 (490,472) 281,644 Pag¥ 10
Aberdeen Gymnasties Notes to the w<inancial Statements {¢ontinued) For The Year Ended 31 March 2025 As at l April 2023 Asat31 Income Expenditure March 2024 Unrestricted funds General: General unrestritted fund 294.949 486,492 (499,260) 282,181 Total fund• 294,949 486,492 (499,260) 282,181 19. Transartlons wlth Trustees None of the trustees recelved any remuneratlon or any other beneflts from an employment wlth the charlty or a related entlty durlng the current or previous year. No trustee expenses have been Incurred. 20. Related Party Dlsclosur There have been no related party transattions In the reportlng perlod that requlre dlsclosure. .*e li
Aberdeen Gymnastics Detailed Statement of Financial Artivities For The Year Ended 31 March 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donatlons and legacie• Donatlons and glfts Gift aid Gi'ants 50,050 13,576 4,000 11,557 Il,i57 67,626 Charltable Actlvltles: Gymnastlcs tees Coachlng fees Gym hlre 477,362 I,oio 410,195 8,535 478,372 418,730 Investments Bank Interest recelvable 136 136 489,935 486,492 EXPENDrruRE ON: Ral•lng fund• Sundry expenses (i) (i) Charltable Attlvltlej: Gymnastlcs fees Lompetition fees Internatlonal Tralnlng camp Wages and salarles Employers penslons - deflned contrlbutlon schemes Travel and subslstencg expenses Training klt Prlvate health costs Kent Faclllty costs Llght and heat Waste management Hlre and leaslng of computer and other equlpment Insurance Centre Supplies Advertl-lng and marketlng costs ieiecommunications (4,931) (3,064) {228,579) (36,023) (30,638) (6,237) (12,192) 185,UUU) (13,369) (18,863) (1,293) (3,425) {1,683) (12,884) {939) (/,vits) (468) (1,440) (975) (3,049) (331) (240,994) {30,637) (26,4231 (2,3601 (11,2131 (85,250) (6,580) (32,435) (1,137) (11,273) (1,930) (9,703) (71} (8,411) (396) (1,176) Club management system Independent examlner's fees Legal fees Affiliations Bank charges Charitable donations Sundry expenses (5,170) (367) (5,000) 12,231) ..CONTtNUED (1,900)
AbtsVdee Gi"mn2Stj-s Detailed Statemen= of Financial Artivities (continued) For The Year Ertded 31 March 2025 Depreciation Bank loan interest (15,572) (540) (15,957) (540) (490,471) (499,260) (490,472) (499,260) NEf EXPENDrruRE (537) (12,708) Page 13