char r•gbtration numbgr SC048031 IScotl•ndl GALA RUGBY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
GALA RUGBY LEGAL AND ADMINISTRATIVE INFORMATION Trustses Charty numb•r IS¢otlandl SC048031 Prlnclpal addrn•¥
GALA RUGBY CONTENTS Page Trustees, r8port Independent &xaminerfs fep¢)rt Stslgrnènl of financial activities statemènt of financi81 pos'lion Not•$ lo the financial slatemenl8 9.20
GALA RUGBY TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2022 The trustees present their annual report ar financial statements for the year erksed 31 May 2022. Gala Rugby is a Scottish Charitable Inwrporated (>ganisation la SCIOI registered in Seolland wlh OSCR on the 27th December 2017 with the registrali¢)n number SC048031. Objectives and actSvlile8 The charity's objects are the advancement of pu1¢ part"pat in Sp through the promotion, pract&cing and playin9 Rugby Football and other sports in Galashiels and district. and elsewhere. The policies adopled in fiJrtherance of these objeets are the provision ol ieerealional lacililies an(1 oiganiset1 pursuits to Improve the well- bein9, health ar conditions of life fof the commLtnrfy in Gal8shiels and district. through participation in sport, educational and soclal Sctivities in furtherance of these objects and there has been no change in these dunng the year. The Iruslees have paid duè regard lo guidance Issued by OSCR the Charity Regulator In decKJing what activitles the charity should undertèkt. The chority has 4 numbgr ot volunteers contribute lo the running of the Ofganisation. Some of Ihese volunteers afe membef$ of Gal4 Rugby and some are r. The Trustees, would like lo thank them for their continued help and supwt.
GALA RUGBY TRUSTEES. REPORT {CONTINUED) FOR THEYEAR ENDED 31 MAY 2022 Achlovgm•ni$ and p•rfomwn¢o A8 a mattèr ol record during this Season we pkyed 22 games, won 18, 10$14 and amassed go league points and scored a total of 96 Irigs. A fantastic k"evement by the ayers, coache5. physios and backup team and r8qulre(I I think a lolal of 35 players to xhieve thal. We UnfC¥tunale Idn't make the Premier Diwon by one point, with Heriois the team w05 promoted. However, there is no point boking l)ackwards- allhou9h il has been a very gixjd season wth good Crowds and a po%live atmosphefe in Ihe club. Now we need lo look f+yward, and 85 anrneed prèviousty we have confirmed the coathin9 setup fol 2022123.n10rtunB1ety ha3 heavy business Gommitments mean5 Ihal he ttas had lo relinqui¥h the ioie tsf Heaa Co h he is nol disappearing ats ether. We aro forlunate lo have the Gorrtinuity to be 8ble to nt as Head Coach, reta1 sport of the coaching set up arKt ap s a BS PlaY/Co&Ch lor Ihe rnIng season. The succe55 of the season has not been confined to the 68nior team erther Gala A a150 had 51Jme good but thelr programme ol ga8$ was even m¢xe disrupted by Govid with many dub¥ calling ofl fixtures due to kck of players. and covid as an excuse. The18th ol regulaf games tc)k it$ Ic41 on the availability of pl8yer8 and we are working very hard for next Season lo ensure, a$ lar as w)8sible thet Ih8rè is improved conlinuty. Bolh the Wanderers and Red Tnangle had very J581ul 8e8sons with good pl8ybrKJ numbers k¢ up by great coaches and finished in lop three of their resFeclNe leagues or cM1efence8. The W8ndèrer$ wgnl one b8tter by beating Melrose Wasps al mU•Yfield for the U18 SRU Youth Shielé. a great achVernent 8c¢h also enjoyed suecessful Seven8 88ason$ with the Red Trianye in particular winning Ihrpe of the lournamÈnl8 they éntered. The pr¢gress al these age gr¢Jups WaF relgcted In the numbgr of 8yerS r¥ in the Borders Rugby Ac8clemy from U18 lo Senior- we curTenty have lour players in our senior yquad aged 18 or 19 and anoltter six or seven from U16 throu h 10 U18 which bodeg well for the fulure of the club. Probably the mosl noliceabb ha8 been the ernergence of was selected to play U18 lor Scotland aTrJ h88 recontty lolned the U20 s squad same xhievement fur stsmèone agéd 17 Thè down*(Je hs Ihal we are unlikely to see mueh of hlrn In 8 G918
hirt.
11 16 great to hove that talent c¢miNJ through t111 •180 Wt8 oven MO pressure on the club and coach&s lo ensure that th¢ pl•yer$ ggt lh8 opportunrts they nee(1 to develop, and also to have enough co8¢hès al all 18ve18. whlch Includes the IAiniMoroons to continuè to produce Ihls qu81ity of players. We have also had employee chgng8 this year wbth beIng aFpointsd In 8 fl-tIme role as Operation8 Mana9er. Sme h8s made a quick start lo Ic+J and Is very Icttjssed on maximising our oprtun1118$ for events out with the normal playing schedule wish her eve success in the comin9 year. We will of course be losing Ouf Development Officer of the last two years, YAits is joining the SRU as a sp91131 coach. will be sorry Io see him go but Ydish him au the Oesl In tho fulure. We are (rrentlY 19ul1[ng for a replacement. We ale pressing ahead vjilh Ghanges lo Ihe Fthysios and dres room thi5 summer and have modg an even bigget commitment to a new ffc4)dltt training F4tch. parallel to Netherdale on Ihe back pitches In total we require ab¢ £1 Ook to earry cut the complele jc¥ alld oJrrenlty ¢Mly have part fvnding for the 1foodliIs. However. if we don't creat$ that It will Ilmll our devekpmenl opportunslies for young players and pul more Strain on the main NelheTdale playing surface whth we want to use for as mY mPetVe garnes as p0b al am ege groups down lo U16. So Ihal's jusl one of the reasons why we need lo keep briwiThJ in fundlrKJ wth8r by S50rshIp, membgrship or grants. want to be¢M)e the st amateur club in Scolland and have made 80me g¢)od progTess on Ihat uffY. The list of Twslees remains unchanged from Ihe preouS ytsar Mlh a lh8 10181 numbér of current Tru51?e5 01 the eharty being thirteen being:_
GALA RUGBY TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MAY 2022 Fln•neb•l r•vl•w The Gharty showed an overall L1efiul of £49.559 12021 £43,729 surplus) lor the year. The unrestii¢ted funds showed a defficTrt of £16,209 12021 £5.1291 thil8 thè restttctèd ful$ showed a dèficit of £33 350 12021 £48.858 sijrplusl. Th8 Nel A588ts of the th8nty are £173.656 {2021- £223.2151 with cash at b•nk of £111.41712021- £147.8801 It 1$ the pclicy of th• charity that r¢s¢t0 fun(18 vhich havft ncl been designaled for a $peeKie u#& should b• Mainlain al a level equivalent lo between three ond SÉX monlh'$ expendilure The trustees con&oer th81 reseNes at this level wll ensure Ihal, in the event ol a ¥ignificanl drop in fun¢Jing, they will be able to cl141¥e the charily's current aclivili8s while consideratw Is given lo ways in which addrfional funds rnay be raisod This level of reserves hgs been maintaid Ihroughtyjt the year. The Iruslees have assessed the major risks lo whKh Ihe charty Is eXped. and are tr$ed Ihal systèms are in place lo mitigate exposure lo the maicjr risks. The charlly has to dale tought all the age group of rugby IDgetrw induding Ladies and Is Icokng lo develop this further after the adverse impact Ihal Ihe Covid-19 paTrJ8mi¢ h•8 had in 811 of us. 11 is looking lo develop Ibe facilities Il usos al Nelhgrdalg lor the tr011t of olhgr Community groups so that sport and other group$ locally can meo1 and Le the facilities. The Marooned Evenl wlich will be held in August on arn annual basis hopefully grow each year lo atlract cc¥npel1tr$ from all age groups logelhor wilh enlèrt&iners for the members and general public to enjoy at free to enty event. New trustees wll be added where Ihtt charity Sees a gap in Ih31 area of experiise to allow the dwrily to Knprovè it8 imÈ9è and 8ehi6ve mclre ol Ils obfrectiV88 plgnn¢d arKI Improve rt$ poli¢i95 and and overall resourees faqLNrnd to achievè thèse aims. Structur8. 9ov•rnaTrc• and managernent The charity is 8 Scottish Ch8rilèble Incorpornted 0rg8nis8tion. LKiry Ihe year 8nd up lo dote of wgnabJre of the ffinaal 51&tBfflent8 T•i*re." Recruilmenl of Tru5tee$ is from thè Membèts of t Organisabon or from tho ExvLuiiv& Management Cwimittee sel up to run the and Gontrd the charity. The Executive Management Committee has the rthier to apwnt a)y member to be a Trustee.
GALA RUGBY TRUSTEES, REPORT (CONTINUED) FOR THEYEAR ENDED 31 MAY 2022 The structure of the organlsatlon consists of:. . the Member- who have the right lo attend members. meetings (irlKI1rj any annual or special general meeting) and have important powers un¢er the conststulion.. in partKuiar, the members appoint people Ic¥ serve on the Executbve Management Committee and tske deci*ons on Changes lo tho wnstitUtl itself.. - the Executive Management Committee- vtho hd regular meetings, and generally control the activities of the organi¥alion', lor examp. the Executive Management Committee is iesporlble for monilonng and conirolhng the financial posilion of the organisatson. The people serving on the Exe(xrtive Management Committee are referred to in this constitulion as Charity Trustees. Drtl8ion-Maklng by the M•mbern This 11 be at the following: Mamber8' moeling5- includiry Speoal Meetrys and 81 theAnnual General Meetings Notice of members, meetings . Ail members will be Informed these meetings will tske place. tten resolutions by members- A re8olution agreed lo in writing lor by e4naill by all the Members w511 be as valid as il il had been passed al a memb•r8' meeting. the date of the res0110ft wll be taken lo be tho dale on which the last member agreed to it. All new m¢mber8 will be given a fml training and indudion when they t4c¢)me a Trustee. No Trustee will reeelve any remunwatK>n or benofils Irom Irom thwr p08ition.
GALA RUGBY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022 Th• Iru$i6es' rep¢)rt was approved by Ihe B¢)*d of Tnjsteès. Dated. 1 September 2025
GALA RUGBY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GALA RUGBY I rep)rt on the financial statemenls of the tharity for tha ye¥ endéd 31 May 2022, which are set oul on p8ges 7 10 20. Rè8P8Ctlve responslbllitles ol tru3ttei •nd •xwminer The charity's trust8es are responsible for preParatn of Ihe financ1 stalernents In accordance wlh the tgrms of the Charitie$ and Twstee Investmenl {Scotlandl Acl 2005 and the Charrties Accounts (Scotland) Re9ulation8 2006. The charity Iwslees c4Jn8idef that the a11 requirement of Regulation 10(1llal-Icl of Ihè Charilias Accounts ISo)tt•idl Regu0 21x6 does apy. It is my responsibility lo 8xamin8 the finand81 statements as quired under 3eclion 4411 Ilcl of the Charitie8 and Tru$l88 Investmonl {Seotbandl Act 2005 and lo slate whether partlar mallers have come to my atent¢on. Ba¥ls gf indep•ndent •x•mlnèf8 statèment My examination is carned out In xcordance wth Regulatson 11 of the Charitles AccA)unts {Scollandl Regulation$ 2006. kn examination includes a ieview of thè 8ccounbng records kept by the ehanty and 8 comparism of Ihe financial 8tolemènts presenied those records. It also Indude6 ¢onsthr8lic)n of any unusual rtem5 or disdosurgs In the fi'nancial siatèmenls. and seeking eXana1)n$ from Ihe Iru51ee5 CLwrning any such matters. The procedure8 undwtoken do not provide all the evKlenGe Ihal would be Tèquireil In on audit. and consequently I do nol express an oudil opinion on Ihe view gvgn by th• financbal s18iemenl$. Indèp•nd•nt examln•fs 5tatemeftt In th• c¢urse ol my examinalion, no matter has come lo my attentb 1. whlch gives me reasonabk cavse lo believè ih81 in 8ny m8tri81 re$peu the requirements". lo keep accountrng r8eord$ In accordance witlh Seth'on 44llllal of Iho Chari119s and Trustfje Inveslmenl IS¢Ottar) Act 2005 an¢J Reguon 4 01 ih8 Charilies AcctyJnts Iscollandl Regulations 2006. and to prgpaie finangal $18temènt5 Tr•knich accord wth the ar£ounling records and comply with Regulalion 8 01 th¢ Charibes AccoLtnts (Scollandl Regulations 2006 have nol teen met, 2. 10 which. in my opinion, attention should be drawn in order to enablè a w¢pgr urerstanding of the finanal sialemenls tn be reJc4ed Chartered Ac¢tsunt8nt 1 8eptember 2025
GALA RUGBY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2022 Unrestrlcted Restrlcted lunds fvnds 2022 2022 Total Unrestrlcted Restrlclgd funds funds 2021 2021 Totsl 2022 2021 Note¥ In¢om8 from: Donation5 and legaaes Chanlable activlies Investments 81,672 147,293 33 27.803 1.800 109.275 149.093 33 53.086 107.868 48,858 101,944 107,888 Total Incom• 228,998 29.403 258.401 160.988 48.858 209,846 Exp•ndlture on.. Charitable acliwlie5 206,943 41.017 307.960 168,117 166,117 Total expendltur• 266.943 41.017 307.980 166.117 166,117 N•t Incom•ll•xp•ndttur•) 137,9451 111.6141 (49.559} 15.129) 48,858 43,729 Tranylers befvrten funds 21,736 121.736) N•t mo¥•meDt In funds 116,2091 133.350) {49,559} 15,129) 48,858 43,729 R•conclll•tS0Th of fund•: Fund bo18rS •11 June 2021 157,239 65.976 223,215 162,368 17,118 179,486 Fund balanc•s at 31 May 2022 141,030 32.626 173,658 157,239 65,976 223,215 The $ialement of financlal activrtiès indud6s all gains and108ses rec4Jgnised in the yèar. All Income and expenditure derive from cijntinuing activtts"es.
GALA RUGBY STATEMENT OF FINANCIAL POSITION ASAT 31 MAY 2022 2022 2021 Flxéd assets Property, planl and eqUieThI Investrn&nl$ 12 13 104,332 115,029 I,OCvJ 105,332 116.029 Current •i#•ts Invenlorles Trade and other receivables Cash al bank and In h8nd 14 18 2.980 78,448 111.417 2.453 77,789 147,880 192,845 153.5631 228.122 I.848 Current Il•bllttl•• 17 N•t rwrrent 0$38ts 139.282 189.274 Totsl •s•ets1•8g ¢urnnt Ilabllltl•s 244.814 30S.303 Non<umnt Ilabllliles 18 170.9581 182,088 173.666 223.215 Incoff fund• Rfjslred funds Unrestricted fund$ 32,626 141,030 65,976 157,239 173.656 223,215 by the Tru8tee8 on 1 Sept•mb8r 2025 Trustee
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 Accountlng pollcles Charity infomition Gala Ru is a Scottish Charilable Inco rated Oraanisation SCIO). The wistered office is 1.1 Basls ol prÈparatlon The financial ststements have teen prepared in awdanGe tmth the thanty's govèrning docum8n( thè Charities and TrLtsteè Inveslment ISeolLandl Act 2005. the charib.es AccoLmls IScot1andl Regulations 20Cfj, FRS 102 Finanaal Réporting Standard in the UK snd ReWtrA DI Irel8nd' and the Ch8dtle$ SORP "AccoLrting and Reporbftg by Chanlies". Ststemènl of RecOmmerd Praciice applicable to charilies preparing their acc4Junls in accordance wnlh the Finaal Reporting Standard applicable in tho UK and Republlc of Ireland IFRS 1021.. The charity Is 8 Public 8erefit Entsty as deffined by FRS 102. The eharfty ha8 laken th8ntage rA It provis5 In the SORP tor chanb¢5 not lo prepare a 8latttnent ol cash flow8. The financial statements are prepared in siefling. wh5ch is the functsonal currerKy of the tharity. Monetary 8mounl3 in these financial slalements are rnded to the nearest £. There are no Comparate5 shown for the 2D18 period as the were no Iransath'ons durin9 Ihal p$ri¢1. Th¢ fin•n¢lal $lalen)onls have been w•paf•d under th• hoslu11 coll nntIon Th8 prlnclpal aceounts.ng policies adopted are sel out 1.2 Oalng eoneérn Al the lime ol approwng the financial stalemenls. the trustees have a reaSonae expectation thal the ch•rity hats 8dequale resources lo cmtinue in oper81wal •81enCe for Ihe foreseeabla future. Thus the InMtee8 ¢ontinue Its adopt the going concem bays of 3¢Untrng In preporing ttre fingnual Statements. 1.3 Charltabl• funds Unre$lrSrtgd fund$ ara availatrle fly u80 at the disuebon of the tru8lee6 In tsrth0rg ol their charitable bj'eclives. Restricted are suty'ect lo Specif conditions by dcM)orn tsr grantors ai lo how they may be used. The purposes and uses of the restricted fLnd5 are set oui in Ihe note5 to the financ1al statèments. Endowment fuTrJs subj9¢1 to speofi¢ condrtM)ng by donors thal lh8 fApil81 must b& mahtainèd by the chan'ty. 1.4 Incom• Income Is recognlsed wh9n Ihe tharty is kgalty enlitkd lo rt after any perfumance eondttions have been mel, the amounts can be rneasured relta1y. and Él is wobablè Ihal income VAII be reeeNed. Cash donalions are recognised M receipl. Olher dcK¢atw are reC(3ne LYKe the chanty has been nolfied ol the donalion. unle6s performance conditn8 require deferal of the amwnt. lax recoverable In lo donaJons recelved under GfftAid or deeds of covenant is recognrwj at the time of the donation. Grants are recc¥Jni5ed when the charty ha5 become enlrtled to Ihe Incorne and all performance condrtions have been met and 8s$uranws given. They are allocated lo the lunds a¢c4)rding to the nature and condrtions of the grant. Membershlp Income rewniseLI on receipt from Ihg members of Gala Rugby.
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MAY 2022 Accounung policies {Contlnuedl Turnover is measured al the fair value of tr conwderalion re¢eNed N received or receivable and represents amoun15 receivable for goods C serv8 provided in Ihe normal course of business, nel of discounts. VAT and olher related taxes. Income from fundraising ocliwtsès is reeorded net of fundraising tnsts. 1.6 Expendlturo 'OlitieS are rec&Jnise(l as re8OUrc eyyn¢Jod as soon 8S there is ¥ legal or constructive obli9alion cornmitting the charity lo the expendrture. All expenditure is accounted for on an accruals basis. Iluding VAT which is irrecoverable. and is eharged against Ihe tegory ol resources expended for which il is ir)curred. 1.8 Propèrty. plant ¥nd •qulprnent Property. plant and equipment are inth'ally measured al cost afKI subsequently Measur at cost or valualion, nel of deprecialion and any impairment losses. Depreciatlon is reniSed 80 88 to wrrte off the cost ¢y valuab.on of assets le$s their residual voluès over their Useful lives on the folloving ba5eS'. Property- Sl8Trd and Clubroom$ etc Plant and equipment Nil 25% slra(qht li The gain ¢y1gs8 arising on the disposal of an asset is detemined as the drflOren tse@en th• sal& pro¢eed8 and the carrying value of Ihe 88Set. ènd ts recognised in Ihe 5talemenl of finawal activities. 1.7 Non<urr•nt Investments Fix¢d asset investments afe initllY wasurèd at Iransactv)n pr8 exduding transaction costs, and 4r8 sub$equentty measuréd 81 lair value at eath rep)rtiTrJ dole. ChaThJès in fair valLb8 aré recognis8d in ng1 incomellexpendrturel lor the year. Transaction cosls are expensgo as incurred. A subsldiary 1$ an entity controlltrd by the Charity. Control is the pcwnr to govem the financial ond operatlng policies of thg entity so as lo obtain benefits from its 8clivibéS. 1.8 Impalrm¢nt of non4urrgnt #ss•ts At each reporiing end date. the charity revitiws carrying amounts of its tangible assets to determine whether the is any Indication that those assets have suffered an impaifment loss. If any such indallOn &xisls, the recoverable amount of the asset is estimated in order lo detemiine thè exiènl of the impairment Ios8 (If any). 1.9 Inventorfos Inventorie8 are ststed at the lower of cosl and estimated selling price le55 Gosts to complete and sell. Cost mprises direct materials and, wfiere applicab. direct labour costs and those overheads that have been incurned in bringing the inventortes to their present So(alton and condition. Items held for distribut at no QT nominal conSiderlOn are measured Ihfr Io¥&Er of repLqcement cost and cosL Net reall$ae v81ue is the estimated selling price less all estimated costs of COMPtion and eosls lo be irKurred in marketing, selling and distn"bulw. 1.10 Cash and cash equT¥alents Cash and cash equivalents include cash in hand, deposrts held at call wth banks, other shortrlemi liquid investments with original maturÈb'es of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilrttes. 10-
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022 Accountlng polkl•s Icontlnuedl 1.11 Flnanclal Instruments The Charity has elected lo appty wovisions of Seth"on 11 '8asic Financial Instruments. and Section 12 'Olher Financial Instwmenls Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in Ihe charity's balance sheet en the charty becomes party to the conlraclual provisions of the inslrLKnenl. Finan¢ial as$et8 and liats'lilies are offset. wilh Ihe nel amounts presented in the financial statemer¢ts, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to jettle on a net basis or lo realise the asset and settle the li8.1 simultaneously. Basle fin•nel•l assets Basic finanal assets, which indude trade and other receiv8e$ and cash a1 bank balances. are Initially measured 81 transaction price including Iransaelion costs and are subsequently c8Nied al amortisad cost u&ng the effective interest metlM)d unless the arnangemenl conslrtutes a finanung Iransaclion, where the transaclion is measured al the present v81ue of the thJture receipts ¢JiScnled al a market rale of interest. Financial gssets classified as recei¥8ble within one year are Mt amLvtr"sed. Baslc Ilnan¢lal Ilabllltl•s Basic financial liabilitiés, induding Irade and other payables and bank 108ns are initially recognised al transalDn price unless the 8rrangement constitLrtes a financing Irgnsaclion. where the debt instrument is measured at the preserbl value of the future payments di5unt&d 41 a m8rket ral6 of inl&re$l. Fln•n¢i81 li8billlies classified as payable within onè year arè amortised. Debt instruments are subsequenty carried al amortised ¢ost, usiNJ the eff¢¢trve interest rate method. Trade payables are obligation8 to pay lor goods or Services that have been acquired in the ordinary course of oper81ions from suppliers. Amounts payable a elassrfied as cjjrnent liabilit9 rf payment is due wh1n one year or less If not, they are presented as non-currenl liabilit. Trade payables are recognised #illially al transaction price and subsequenuy measured al amortised cost u&ng the ellects've inlefe81 method. Derttognhlon of fln8nclal Il•bllhles Financial liabilrties are derecognised en charity's conlraclual oblig8lions expire or are discharged or an¢elled. 1.12 Employee bgn•llls The cost ol any unused holiday entitlement 1$ reo)gnised in the period in vthich the employ88's S¢TVi¢O$ are received. Termination benefits afe recognised iMmedtelY 88 an expense bthen the charity demonstrab committed to torminale the employment of an emF4oyee or to wowde tetminats.on benefits. Crltlcal accountlng •$tlmatss and Judymenls In the appliealion of the charity's accounlirKJ WleS. the trustees are requi to make judgements. estimates and assumplrons abJ1 the carrying amount of assets and liabilitses that are not readily apparent from other sources. The estimates and associated assMplI0nS are based on historical experience and other factors that are considered lo bo revant. Au81 results may differ from these estimates. The estimates and undertying assumptions are reweI on an ortsJoiry basis. Revisions to accounting estimates 8re reeognised in the penod in %thich the eslimate is Tevised where the revision affects efily that period, or in the period of the rewsion and fijture wiods ere the revision affects bolh current and future periods. 11
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDEO 31 MAY 2022 ()onatlons and le9aclo8 Unreslricted Restrlct•d funds funds Totsl Tolal 2022 2022 2022 2021 Donations arKI gifts Grants 11.049 70.623 22.985 4.618 34.034 75.241 44,240 57,704 81,672 27,603 109,275 101,944 For thg year •nd•d 31 May 2021 53.086 48.858 101.944 Grnnts rrt•lv4ble for cor• •ctl¥llle• Coronavirus Job Retention Scheme Grants Covi¢J.19 Lo¢al Authority Grants IS¢othsh Borders Counoll Scottish Rugby- Floodlights upgrade SRU . Accredilalion Sevens . variou8 1,511 1.511 32,088 10.975 10,975 4,618 42.337 15,800 21,000 4.618 4,618 42.337 15.800 70,623 4,618 75,241 57,704 Charltablo a¢tlvStl•• Rugby club 2022 Rugby club 2021 Gate and programme receipts subriptIOns Advertislng and sponsor8hip8 Sundry incwe 15.282 25,611 38,783 69,417 20,520 18,935 68,413 149,093 107,868 Analysis by lund Unfeslricted fund$ Restricted funds 147.293 1,BOO 107,868 149,093 107.868 For the year ended 31 May 2021 Unrestricted funds 107.868 12-
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MAY 2022 Ineome from invéstments UnrèstrlGtsd Unrestrlctsd fund$ funds 2022 2021 Interest receivable 33 Charltable acllvltkns Rugby club Rugby club 2022 2021 Depreciation arKI impoimenl Match expens88 Rugby coaches and physiolherapisl costs Rent. ratès. taxes and insufanee Repairs. renewals ond field expenses Conlra¢t ¢anIng and hygiene ¢osl$ 11.893 30,255 31,922 11,977 31,712 11,130 12,230 10,692 22,080 6,511 22,449 3,033 p i! Equipmtnl and First Aid Printing, gtats'on8ry and advertising Heal and Ih1 Sponsorship costs Miscellaneous Financè costs Sevens expenses 54,705 3.749 4,535 5.649 66.092 5,331 34.725 12,408 744 3,979 70,187 303.675 164,313 Shore of 9oveman¢e Gosl$ (%e note 7} 4,285 1,804 307.960 166,117 Analyyls by fund Unrestricted funds Restrided furKIs 266,943 41,017 166.117 307,960 166,117 For the year ended 31 May 2021 Llnreslricted funds 166,117 Support costs allocated lo a¢t1¥It5 2022 2021 GoverTran costs 4,285 1.804 13-
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022 Support Costs allocat•d to activiti•s Icontlnuedl The Independent Examiners fee for the year ended 31 May 2022 is £1,25012021- £1.250} and is induded in these accounts. Net movemgnt in fund8 2022 2021 The net movement in fvnds 1$ ststed 8ftL¥ chargiW{creditryl'. Fees pay8bl$ for the independent examination of the charity's finanty#l statements Dewe¢ialion of owned prOty, plant and equipmenl 1,250 11,893 1,250 12,230 Truste•# None of the trustees loi any Fwsons G(rcted with rèeeived any remuneration or benefit8 from the charity during Ihe year. No Iru$l¢e8 expenses have in¢urred durin9 the year ended 31 May 2022 or in the year ended 31 May 2021. 10 Employo•s Numb•r of •mpk>y••• The gverage monthly number of emrd¢)yees during the year wa$.. 2022 Number 2021 Number Adminislralion staff Coach•s Physiotherapists Youth Developmenl Offi¢¢r Nonè of the employees emo1umts exceed £60,000. Summary infomiali¢)n for the year.. Wages and salaries Social $unIY cost IEmployers' NICI Employorfs contributions to defined contribution pensw schemes -£79.194 - £ 3.252 £ 951 11 Taxatl¢)n Thè th8rity is exempl from taxation on its actiwts5 because all its Iome is apltid for charitable purposes. 14-
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022 12 Property. plant and equlpm•nt PrOrtY. Stsnd Clubroom otc Plant •quipm•rtt Total Co$t AI 1 JLÈn& 2021 Additions 50,030 103,041 1.196 153.071 1,196 Al 31 Mgy 2022 50,030 104,237 154,267 Deprgclatlon Jnd Impalrment Al 1 June 2021 Depreciation charged in the year 38.042 11,893 38,042 11,893 At 31 May 2022 49,935 49,935 C•rrySng amount Al 31 May 2022 50,030 54.302 104.332 Al 31 May 2021 50.030 64,999 115,029 13 Flx•d *#•t Inv•8tm•nts Oth¢r Inv•8trnents C08t or v•lu•tk)n At 1 June 2021 & 31 May 2022 1,000 Carrylng amount At 31 May 2022 1,000 2022 2021 (Xher irwestments comprise.. Investments in subsidiaries 1.000 1,000 15-
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MAY 2022 14 Inventorbes 2022 2021 Raw materials and wisumables 2,980 2,453 15 Tradè and other r•civbl•s 2022 2021 Amounts tslllng due wlthln onoy••r: Other receivables Prepayments and accrued inc(Kn6 89,567 8,881 75,315 2,474 78,448 77.789 Included in Other receivables is VAT amounting lo £61.652 {2021- £32.8261. 16 Borrowlngs 2022 2021 Bank loans Othèr loans 43,431 1,611 48,000 6,443 45.042 54,443 Payats within one year Payable after one yegr 6,411 38,631 9,300 45,143 This is a loan Irom the Energy Savings Trust repayable over 7 years on an annLtral basis. The purpose of the loan wès lo finance the installab.on ol the gjar panels whith generates a retum to the charity as FIT'8 on a quartedy basis. The amounts of FIT'S received in the the year amounted lo £3,757 {2021- £3,048). 17 Currnnt Ilabllltl 2022 2021 Bank loans Other bortowings Other taxation and ?1 s[rty Trade payables Other payables AccrLbals 16 4.800 1,611 1,387 34,774 3,911 7,080 4,800 4,500 852 23,862 4,834 53.563 38,848 16-
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022 18 Non4urrent Ilabllltles 2022 2021 Bank loans Other borrowings Deferred income 16 38,631 43,200 1,943 36,945 32.327 70,958 82,088 19 Deferred Incomo 2022 2021 Other deferred income 32.327 36.945 Oeferred income 15 induded in the fin8n¢i81 stal8m8nts as fltr.. 2022 2021 Deferred income Is included within.. Non.currenl liabilib'gs 32,327 ,945 Movements in the yeor.. Deferred incomg at 1 Junè 2021 Resources deferred in the year 36,945 {4.6181 41,se3 {4,618} Deferrod incom• at 31 May 2022 32,327 38,945 The delerred income relates lo Ihe grant for the upgrading of the fl¢)odlights in 2019-20 of £46,181. The grant is being released over 10 years being the ex1&d life of the the upgrade amountlng lo £4.618 per year leaving a balance of £32.327. 17-
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MAY 2022 20 Restflctèd lunds The restric*ed lunds of the charity comprise Ihe unexwded balances of donations and gfanls hèld on trust subject lo specifie conditions by donors as to how they may be used. At1Ju 2021 I<>mIng RKourc•s expended Tr•nsfern At 31 M#y 2022 Marooned Gala Wanderers Gala Mini Maroons Scoth'sh Rugby grant Gala Red Triangle Gala Jnr Rugby Council 12,500 37.105 7.135 9.236 112,5001 117,3061 (7,1351 {4.6181 {6,8781 15.0801 19,799 4,618 6,878 17,907 19,236) 12,827 65,976 29.403 {41.017} 121,7381 32,626 Prevlou• y••r: At 1 Jun¢ 2020 Incomlng rnsources R•sourc•s expend•d Transfvrs At 31 May 2021 Marooned Gala Wdndefers Gala Mini Marcons Scolty'sh Rugby Grant- release 12.500 12,500 37,105 7,135 9,238 37,105 7,135 4.618 4,618 17,118 48,858 65,976 The transfer of funds from restn.cted to unrestricted for the Scottish Rugby granl is lo correct for thè previous years floodIh1¥ depreeialion that had not been dassed as restricted. The depreciation charge and the grant release Irorn deferred income offset each year. The Mar¢)oned 9rant income was pre¥¥1Y classed as Restricitrd in order lo ringfence this Whi the Sevens coukl not take place due to Covid. This is now part of Ihe normal actiw15 of the club, so the remainin9 balance has been released to unrestn.cted funds for futyjre events and the event income and c081s also Irealed 89 unrestr1ed. 21 Unmtri¢t•d funds The unrestricted lunds of the charity comprise the unexpended balances of donalh)ns and grants which are not Sublt to speeific condrtions by donors ar grantors as to how they may be used. These inelu¢Je designated lund5 which have been set ade out ol UntricIed funds by the trustees for specific purposes. At 1 June 2021 Incomlng resourcès ResouT¢e8 expended Transfer5 At 31 May 2022 General fund5 157,239 228,998 (266.943} 21.736 141.030 18-
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MAY 2022 21 Unrestrlcted funds Icontlnuedl Prevlou$ ytai: At 1 June 2020 Incoming Resources resOU¢S expended Transfer¥ At 31 May 2021 General lund$ 162,368 160,988 (166,1171 157,239 22 Anolysls of not asi•ts b•twè•n funds Unrnstrlctsd funds 2022 R8strlcted funds 2022 Total 2022 At 31 May 2022: Property, pSant and èquipmént Investments Current as$elsllliabililie8) Long term liAtslitbe$ 72,005 1,000 106,656 13B,631) 32,327 104,332 1,000 139,282 170.9581 32.626 {32,3271 141,030 32.626 173,656 UnT•slrlctgd funds 2021 R•strlGt•d fundi 2021 Total 2021 Al 31 May 2021: Property, plant and equipment Inveslmenls Current assetsllliabilili88} Long leim liabilities 115,029 1,01)0 123,29B 182.088 115,029 1.000 189,274 182,0881 65,978 157,239 85.976 223,21 S 23 Relat party transactlons During the year the charity u8ed Hogg & Thorbum. Chartered Accwrrtants for professn81 services. One of the partners of thg firm is also a Trust6t of ¢thanty. The Amount offees and insuranee Costs induded in the accounts amfxjnted lo £2,23512021- £4,339). 19-
GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MAY 2022 24 Subsldlarfes Separate company fina1?1 statements are required to be prepared by law fof Netherdale Developm8nls Limited. Detsi18 of the tharity's subsKliaries al 31 May 2022 are as foltows: of und•rtaklng Reglst•f•ql Naturn of buslDess Class of % Hèld shares h•ld Dlrect Indlr•ct Notherdale Developm8nts UK Limited spOn9 and Social Ordinary 100.00 During the ygar eosls for Accountants arKI Professional fees were POKI amounting to £3.325 relating lo Nelherdale Developments Limited.