REGISTERED CHARITY NUMBER: SC048070
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Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 20125
for
Aboyne stics & Tr line Cl (0)
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The Grant Considine Partnership Chartered Accountants 46 High Street Banchory Aberdeenshire AB31 5SR
Aboyne Gymnastics & Trampoline Club SCIO
Contents of the Financial Statements for the Year Ended 31 July 2025
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Page
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Report of the Trustees Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements
1 to 3 4 5 6 7 to 12
Aboyne Gymnastics & Trampoline Club SCIO
Report of the Trustees
for the Year Ended 31 July 2025
The trustees have pleasure in presenting their report together with financial statements for the year to 31 July 2025.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The organisation is established for charitable purposes, a public benefit entity with the objectives of advancing public participation in sport, and advancing health, by providing the opportunity for all to take part in Gymnastics activities in Aboyne and the surrounding area.Training is based at Unit 6, Low Road, Aboyne, AB31 5GW.
Significant activities
The charity provides a safe environment to train in the gymnast's chosen discipline. Training takes place Monday to Friday after school and Saturday mornings, as well as offering holiday clubs outside of normal term time. There are currently four different levels of ability that the gymnasts can chose from- beginner, recreational, competitive, and preschool.
Sessions are provided to stimulate the children, encouraging their development in a safe and caring environment.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Demand for places at the Club has remained strong throughout the year, with a continued waiting list and high levels of participation across all classes. Gymnasts have continued to take part in competitions across Scotland, achieving a range of positive results and representing the Club well.
The Club has maintained a consistent programme of sessions across all levels, from preschool through to competitive gymnastics, providing opportunities for children of all abilities to participate and progress within a safe and supportive environment.
During the year, following the cessation of Banchory Gymnastics SCIO, a small amount of equipment and funds were transferred into the Club to support ongoing activities.
Fundraising activities
Fundraising activities have continued throughout the year to support the ongoing development of the Club and its equipment. The Club remains committed to exploring additional fundraising opportunities to support future growth.
FINANCIAL REVIEW
Financial position
Our main source of funding is fees which are charged to participating members. For the period of account, we have received £68,063 from charitable activities.This comprises membership fees, fundraising income, donations, and club-related sales such as leotards.
At 31 July 2025, there are net assets available of £23,392 and funds available in free reserves of £23,392. The surplus for the year was £3,381. (2024 £6,479).
Reserves policy
The unrestricted general fund represents the free reserves available to the charity to fulfil its primary objectives. Any restricted funds are set up based on the restrictions placed on the income at the time of receipt.
Income is received throughout the year, but the Charity aims to hold a minimum of 3 months of expenditure within free reserves. (Approximately £8,000).
Going concern
The Trustees have considered all information relating to the Club. Currently the Trustees are of the opinion that the Club will be able to continue operation and enhance its activities going forward.
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Aboyne Gymnastics & Trampoline Club SCIO
Report of the Trustees
for the Year Ended 31 July 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the constitution, and is a Scottish Charitable Incorporated Organisation (SCIO).
The charity has a single tier structure and as such the trustees are the members ofthe charity.
Recruitment and appointment of new trustees
The management committee, which normally meet once a term or when needed, are the charity's trustees. Membership of the management committee is open to all parents and guardians of the Club.
Trustees are elected at the annual general meeting which is held in June.There must be a minimum of four trustees.
Organisational structure
The structure of the organisation consists of the charity trustees who are also the organisation's only members and comprise the organisation's board.
Decision making
Any trustee may call a meeting of the Board, with appropriate notice being given. Decisions are made by majority vote with each trustee having one vote. Quorum is four trustees.
Key management remuneration
No trustee may be given remuneration by the organisation for carrying out his/her duties as a trustee.
However, where a private interest has been declared, and the trustee concerned has not voted on the arrangement, then the trustee may enter an arrangement with the organisation for remuneration that is not part of regular trustee duties.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
$C048070
Principal address
Unit 6 Aboyne Industrial Estate Low Road
Aboyne Aberdeenshire AB34 5GW
Trustees
Brodie Marno (resigned 9.10.24)
Louise McDonald
Laura Will (resigned 9.10.25)
Sarah Smith
Kirsten Birse (resigned 9.10.24)
Patricia Prentice (appointed 9.10.24)
Colin Robertson (appointed 20.10.25)
Osarumwense Siminialayi-Jaja (appointed 15.10.25) Lynne Watson (appointed 21.10.25)
Independent Examiner
The Grant Considine Partnership
Chartered Accountants
46 High Street Banchory Aberdeenshire AB31 5SR
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Patricia Prentice Patricia Prentice
Ind Examiner’ ort to to the T. Aboyne Gymnastics & Trampoline Club SCIO
ort to to the T. f
T report on the accounts for the year ended 31 July 2025 set out on pages five to twelve.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Louise Considine
The Institute of Chartered Accountants of Scotland
The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory Aberdeenshire AB31 5SR
24 April 2026
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Ab 8s & Trampoline Club SCIO
Statement of Financial Activities for theYear En: 1 July 2025
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|---|---|---|---|---|
|2025|2024|
|Unrestricted|Restricted|Total|Total|
|Notes|fund£|funds£|funds£|funds£|
|INCOME AND ENDOWMENTS FROM|
|Donations and legacies|2,164|1,250|3,414|-|
|Charitable|activities|3|
|Gymnastics and Trampolining|64,649|-|64,649|53,150|
|Total|66,813|1,250|68,063|53,150|
|EXPENDITURE ON|
|Charitable|activities|
|Gymnastics and Trampolining|62,220|1,250|63,470|44,595|
|Other|1,212|-|1,212|2,076|
|Total|63,432|1,250|64,682|46,671|
|NET INCOME|3,381|-|3,381|6,479|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|20,011|-|20,011|13,532|
|TOTAL FUNDS CARRIED FORWARD|23,392|-|23,392|20,011|
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CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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Patricia Prentice Patricia Prentice
Aboyne Gymnastics & Trampoline Club SCIO
Notes to the Financial Statements for the Year Ended 31 July 2025
- 1, PRESENTATION CURRENCY
The presentation currency of the financial statements is the Pound Sterling (£).
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Treland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirements of Section 7 Statement of Cash Flows;
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¢ the requirement of paragraph 3.17(d); * — the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(@)(iv), 11.48(b) and 11.48(c);
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° the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
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¢ the requirement of paragraph 33.7.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The Charity is not registered for VAT.
Income from Government and other grants is recognised when the Charity is entitled to the funds and any conditions attached to the grants have been met, it is probable that the income will be received and the amounts can be measured reliably and is not deferred.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets and depreciation
Tangible fixed assets costing more than £500 are capitalised and carried at cost. Depreciation is calculated to write down the cost, less estimated residual value, of all tangible fixed assets by equal annual instalments over their expected useful lives. The periods generally applicable are:
Improvements to property 20% on cost Plant and machinery 25% on reducing balance
The fixed assets are used in direct furtherance of the charity's objectives.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
Taxation
The charity is exempt from tax on its charitable activities.
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Aboyne Gymnastics & Trampoline Club SCIO
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
- ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.
They are measured at the undiscounted amount of the cash or other consideraexpected t o ionbe paid or received.
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|INCOME FROM CHARITABLE ACTIVITIES|
|2025|2024|
|Activity|£|£|
|Income charitable|activities|| Gymnastics|and Trampolining|63,344|51,963|
|Fundraising|Gymnastics and Trampolining|1,305|1,187|
|64,649|53,150|
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- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024.
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|5.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|£|£|£|
|INCOME AND ENDOWMENTS FROM|
|Charitable|activities|
|Gymnastics|and Trampolining|53,150|-|53,150|
|EXPENDITURE|ON|
|Charitable|activities|
|Gymnastics|and Trampolining|44,595|-|44,595|
|Other|2,076|-|2,076|
|Total|46,671|-|46,671|
|NET INCOME|6,479|-|6,479|
|RECONCILIATION|OF FUNDS|
|Total funds brought forward|13,532|-|13,532|
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Aboyne Gymnastics & Trampoline Club SCIO
Notes to the Financlal Statements - continued for the Year Ended 31 July 2025
| 5. | COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES - continued | COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES - continued | COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES - continued | COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES - continued | |
|---|---|---|---|---|---|
| Unrestricted fund |
Restricted funds |
Total finds |
|||
| £ | £ | £ | |||
| TOTALFUNDS CARRIEDFORWARD | 20,011 | - | 20,011 | ||
| 6. | TANGIBLEFIXED ASSETS | ||||
| Improvements | |||||
| to | Plantand | ||||
| property | machinery | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1August 2024and31 July2025 | . | 8,652 | 15,648 | 24,300 | |
| DEPRECIATION | |||||
| At 1 August 2024 | 5,650 | 12,588 | 18,238 | ||
| Chargeforyear | 1,731 | 765 | 2,496 | ||
| At31 July2025 | 7,381 | 13,353 | 20,734 | ||
| NETBOOKVALUE | |||||
| At31 July2025 | 1,271 | 2,295 | 3,566 | ||
| At31 July2024 | 3,002 | 3,060 | 6,062 | ||
| 7. | STOCKS | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Stocks | 6,026 | 2,364 | |||
| 8. | DEBTORS:AMOUNTSFALLINGDUEWITHINONE YEAR | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Tradedebtors | 1,164 | 1,705 | |||
| Prepaymentsandaccruedincome | 958 | - | |||
| 2,122 | 1,705 |
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Aboyne Gymnastics & Trampoline Club SCIO
Notes to the Financial Statementscontinued for the Year Ended 31 July 2025
9, CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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|---|---|---|---|
|2025|2024|
|£|£|
|Trade|creditors|89|93|
|Other creditors|1,140|990|
|1,229|1,083|
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10. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
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|---|---|---|---|---|
|2025|2024|
|£|£|
|Within one year|5,750|13,800|
|Between one and five years|-|5,750|
|5,750|19,550|
|11.|MOVEMENT|IN FUNDS|
|Net|
|movement|At|
|At|1.8.24|in funds|31.7.25|
|£|£|£|
|Unrestricted|funds|
|General fund|20,011|3,381|23,392|
|TOTAL FUNDS|20,011|3,381|23,392|
|Net movement in funds,|included|in the above are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General fund|66,813|(63,432)|3,381|
|Restricted|funds|
|Competion Fund|1,250|(1,250)|-|
|TOTAL FUNDS|68,063|(64,682)|3,381|
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Aboyne
stics & Trampoline Club SCIO
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
11. MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.8.23|in|funds|31.7.24|
|£|£|£|
|Unrestricted funds|
|General fund|13,532|6,479|20,011|
|TOTAL FUNDS|13,532|6,479|20,011|
|Comparative net movement in funds, included|in|the above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General fund|53,150|(46,671)|6,479|
|TOTAL FUNDS|53,150|(46,671)|6,479|
|A current year|12 months and prior year|12|months combined position is|as|follows:|
|Net|
|movement|At|
|At|1.8.23|in funds|31.7.25|
|£|£|£|
|Unrestricted|funds|
|General fund|13,532|9,860|23,392|
|TOTAL FUNDS|13,532|9,860|23,392|
|A current year current year year|12|months|and|prior|year|12|months|combined net movement net movement movement|in funds,|included|in the the|above|
|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted funds|
|General fund|119,963|(110,103)|9,860|
|Restricted|funds|
|Competion Fund|1,250|(1,250)|-|
|TOTAL FUNDS|121,213|(111,353)|9,860|
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A current year current year year 12 months and prior year 12 months combined net movement net movement movement in funds, included in the the above are as follows:
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Aboyne Gymnastics & Trampoline Club SCIO
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
- RELATED PARTY DISCLOSURES
There were no relatedparty transactions for the year ended 31 July 2025.
- TRANSFER OF FUNDS
Following the closure of Banchory Gymmastics SCIO, notification was received regarding the transfer of funds and equipment into Aboyne Gymnastics & Trampoline Club SCIO.
The equipment comprised a mixture of items previously owned by Banchory Gymnastics, jointly owned equipment, and some third-party owned items. The majority of the equipment is at or near the end of its useful life and is intended to be replaced as part of the development of the new facility.
On this basis, and pending confirmation of ownership, no material value has been recognised within the fixed asset register at 31 July 2025.
The cash funds received of £2,158.08, will be used to purchase new safety mats.
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