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 pu￿1¢ 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$14 and amassed go league points and scored a total of 96 Irigs. A fantastic ￿k￿"evement by the ￿ayers, coache5. physios and backup team and r8qulre(I I think a lolal of 35 players to xhieve thal. We UnfC¥tunale￿ ￿￿Idn't make the Premier Diw*on by one point, with Heriois the team w05 promoted. However, there is no point boking l)ackwards- allhou9h il has been a very gixjd season wth good Crowds and a po%live atmosphefe in Ihe club. Now we need lo look f+yward, and 85 anr￿need prèviousty we have confirmed the coathin9 setup fol 2022123.￿n10rtunB1ety ha3 heavy business Gommitments mean5 Ihal he ttas had lo relinqui¥h the ioie tsf Heaa Co h he is nol disappearing a￿ts ether. We aro forlunate lo have the Gorrtinuity to be 8ble to nt as Head Coach, reta1 sport of the coaching set up arKt ap s a B￿S PlaY￿/Co&Ch lor Ihe ￿rnIng season. The succe55 of the season has not been confined to the 68nior team erther Gala A a150 had 51Jme good but thelr programme ol ga￿8$ 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 ￿J￿581ul 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 ach￿Vernent 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 t￿111 •180 Wt8 oven MO￿ pressure on the club and coach&s lo ensure that th¢ pl•yer$ ggt lh8 opportunrt￿s 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 chgng*8 this year wbth ￿beIng aFpointsd In 8 f￿l-tIme role as Operation8 Mana9er. Sme h8s made a quick start lo Ic+J and Is very Icttjssed on maximising our op￿rtun1118$ 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 sp￿91131 coach. ￿ will be sorry Io see him go but Ydish him au the Oesl In tho fulure. We are (￿rrentlY 19￿ul1[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 1foodli￿Is. 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 m￿Y ￿mPet￿Ve garnes as p0￿b￿ 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 S￿50rshIp, membgrship or grants. want to be¢M)e the ￿st amateur club in Scolland and have made 80me g¢)od progTess on Ihat ￿uff*Y. The list of Twslees remains unchanged from Ihe pre￿ouS 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 v*hich 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 cl￿141¥￿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 maintai￿d Ihroughtyjt the year. The Iruslees have assessed the major risks lo whKh Ihe charty Is eXp￿ed. and are ￿tr$￿ed Ihal systèms are in place lo mitigate exposure lo the maicjr risks. The charlly has to dale t￿ought all the age group of rugby IDgetrw induding Ladies and Is Icokng lo develop this further after the adverse impact Ihal Ihe Covid-19 paTrJ8mi¢ h•8 had in 811 of us. 11 is looking lo develop Ibe facilities Il usos al Nelhgrdalg lor the tr￿011t of olhgr Community groups so that sport and other group$ locally can meo1 and L￿e 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 ffina￿al 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 (ir￿lKI1r￿j 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 wnstitUt￿l itself.. - the Executive Management Committee- vtho h￿d regular meetings, and generally control the activities of the organi¥alion', lor examp￿. the Executive Management Committee is iesporl￿ble 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 res01￿10ft 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$i6es' rep¢)rt was approved by Ihe B¢)*d of Tnjsteès. Dated. 1 September 2025 GALA RUGBY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GALA RUGBY I rep)rt on the financial statemenls of the tharity for tha ye¥ endéd 31 May 2022, which are set oul on p8ges 7 10 20. Rè8P8Ctlve responslbllitles ol tru3ttei •nd •xwminer The charity's trust8es are responsible for preParat￿n of Ihe financ￿1 stalernents In accordance wlh the tgrms of the Charitie$ and Twstee Investmenl {Scotlandl Acl 2005 and the Charrties Accounts (Scotland) Re9ulation8 2006. The charity Iwslees c4Jn8idef that the a￿11 requirement of Regulation 10(1llal-Icl of Ihè Charilias Accounts ISo)tt•idl Regu￿￿0￿ 21x6 does ap￿y. It is my responsibility lo 8xamin8 the finand81 statements as ￿quired under 3eclion 4411 Ilcl of the Charitie8 and Tru$l88 Investmonl {Seotbandl Act 2005 and lo slate whether part￿lar mallers have come to my a*tent¢on. Ba¥ls gf indep•ndent •x•mlnèf8 statèment My examination is carned out In xcordance wth Regulatson 11 of the Charitles AccA)unts {Scollandl Regulation$ 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 eX￿ana1￿)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$. Indèp•nd•nt examln•fs 5tatemeftt In th• c¢urse ol my examinalion, no matter has come lo my attentb 1. whlch gives me reasonabk cavse lo believè ih81 in 8ny m8t*ri81 re$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 Regu￿￿on 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 ur￿erstanding of the finan￿al 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 bo18r￿S •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 $ialement of financlal activrtiès indud6s all gains and108ses rec4Jgnised in the yèar. All Income and expenditure derive from cijntinuing activtts"es. GALA RUGBY STATEMENT OF FINANCIAL POSITION ASAT 31 MAY 2022 2022 2021 Flxéd assets Property, planl and eqUi￿eThI Investrn&nl$ 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$38ts 139.282 189.274 Totsl •s•ets1•8g ¢urnnt Ilabllltl•s 244.814 30S.303 Nony••• The gverage monthly number of emrd¢)yees during the year wa$.. 2022 Number 2021 Number Adminislralion staff Coach•s Physiotherapists Youth Developmenl Offi¢¢r Nonè of the employees emo1um￿ts exceed £60,000. Summary infomiali¢)n for the year.. Wages and salaries Social $￿unIY cost IEmployers' NICI Employorfs contributions to defined contribution pensw schemes -£79.194 - £ 3.252 £ 951 11 Taxatl¢)n Thè th8rity is exempl from taxation on its actiwts5 because all its I￿ome is ap￿ltid for charitable purposes. 14- GALA RUGBY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022 12 Property. plant and equlpm•nt PrO￿rtY. Stsnd Clubroom* otc Plant •quipm•rtt Total Co$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•c*iv*bl•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 f￿ltr￿.. 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 ex￿1&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 floodI￿h1¥ 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 actiw1￿5 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 unrestr￿1ed. 21 Unmtri¢t•d funds The unrestricted lunds of the charity comprise the unexpended balances of donalh)ns and grants which are not Subl￿t to speeific condrtions by donors ar￿ grantors as to how they may be used. These inelu¢Je designated lund5 which have been set a￿de out ol Un￿tricIed 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 profess￿n81 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 fina￿1?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 spO￿n9 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.