Docuggn Envew ID. F316S9A3G47A24l_ClBE21B41O7fj
CHARITY NO: SC048271
DUNDONALD GYMNASTICS CLUB
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Docuggn Envew ID. F316S9A3G47A24l_ClBE21B41O7fj
DUNDONALD GYMNASTICS CLUB
REPORT AND FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 DECEMBER 2024
PAGE
Reference and Administrative information
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balan Sheet
Notes to the Financial Statements
7-13
Docuggn Envew ID. F316S9A3G47A24l_ClBE21B41O7fj
DUNDONALD GYMNASTICS CLUB
REPORT AND FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE INFORMATION
Principal Office:
4 Esk Road
Troon
Ayrshire
KA10 7EH
Charlty Number:
SC048271
Independent Examlner:
Wbg Services LLP
168 Bath Street
Glasgow
G2 4TP
Bank:
TSB
PO Box 373
Leeds
LS14 9GQ
Docuggn Envew ID. F316S9A3G47A24l_ClBE21B41O7fj
DUNDONALD GYMNASTICS CLUB
R8POrt of th8 Trustees for the year 8nded 31 Dec8mber 2024
The Trustees present their annual report and ffinancial statements of the charity for the year
ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set
out in note 1 to the accounts and comply with the charity's constituts'on, the Charities and
Trustee Investment (Scottandl Act 2005, the Chartties Accounts (Scotland} Regulations 2006
and Accounting and Reporting by Charities" Statement of Recommended Practice applicable
to charrties prepanng their accounts in accordance wrth the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland.
The legal and administrats.ve information on page one fomis part of this report.
ObJ8ctlves and Activltles
The provision of recreational faciltb.es and organisations of recreational activib'es. providing
aCsS for all. including disabled people wtth the object of improving the condition of life for
the persons for whom the facility and activities are intended.
The advancement of public participation in sport. providing access to the highest standard of
coaching and training, developing a pathway to all levels of participation in gymnastics. dance
and exercise.
structur8, Governanc8 and Management
The charity is a Scottish Charitable Incorwrated Organisation {SCIO) governed by its
constitution which was registered wrth the Office of the Scotbsh Chanty Regulator on 4 April
2018.
Financial Review
The charity's incoming resources for the year were £362.137 (2023: £351.8331. Total
resources expended were £329.326 (2023.. £341,123) leaving a surplus of £32,811 12023:
£10,710) at the year end.
Reserves Policy
It is the policy of the charity to maintain unrestricted frjnds. lch are the general free reseNes
of the charity. at a level to provide sufficient fvnds to cover costs for approximately 3 months.
At current spending leve15 this would equate to approximately £82,33212023. £85.281 }. The
general free reserves of the charty as at the year end 31 December 2024 are £94,36412023:
£54.176) which is above the tsrget level.
Docuggn Envew ID. F316S9A3G47A24l_ClBE21B41O7fj
DUNDONALD GYMNASTICS CLUB
R8POrt of th8 Trustees for the year 8nded 31 Dec8mber 2024
Trustees, responslbllltles In relatlon to the flnanclal sL*ements
The charty trustees are responsible for preparing a trustees, annual report and financial
statements in accordance with applicable law and Untied Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting prath').
The law applicable to chartbes in Scolland requires the chartty trustees to prepare financial
statements for each year which give a true and fair view of the state of affairs of the charity
and of the incoming resources and application of resour5. of the charity for that year. In
preparing the financial statements, the trustees are required to"
select suitable accounting poliaes and then apply them consistently.,
observe the meth¢JJs and prinCIeS in the applicable Charities SORP"
make judgements and estimates that are reasonable and prudent"
state whether applicable accounting standards have been followed. subject to any
material departures disdosed and explained in the financial statements;
prepare the financial statements on the going concem basis unless it is inappropriate
to presume that the charty will continue in business.
The trustees are responsible for keeping adequate acccNJnting records that disclose with
reasonable accuracy at any time the financial positTron of the chanty and to enable them to
ensure that the finanual ststements comply wth the Chanknes and Trustee Investment
Iscotland) Act 2005, the Charty Accounts (Scotlandl Regulations 2006, and the provisions of
the charrty's constitution. They are also responsible for safeguarding the assets of the charity
and tsking reasonable steps the prevention and detectK)n of fraud and other irregularits-es.
The trustees are responsible for the maintenance and integrity of the charity and financial
information included on the charty's website. Legislation in the Unrted Kingdom goveming the
preparation and dissemination of financial statements may drffer from legislation in other
jurisdictions.
Approved by the truslees on and signed on their behalf by=
Date.. 32 June 2025
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INDEPENDENT EXAMINER REPORT TO THE MEMBERS OF THE DUNDONALD
GYMNASTICS CLUB FOR THE YEAR ENDED 31 DECEMBER 2024
I report on the accounts of the chanty for the year ended 31 December 2024. which are set
out on pages 5 to 13.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with
the temis of the Charities and Trustee Investrnent {Scoland} Act 2005 and the Charib'es
Accounts (Scotland) Regulations 2006.
The charity trustees consider that the audit requirement of Regulation 10{1) (a) to (c) of the
Accounts Regulations does not apply. It is my resp)nsibilty to examine the accounts as
required under section 4411) (cl of the Act and to state whether particular matters have come
to my attenti.
Basls of Independent examlnor's sLitem8nt
My examination is carried out in accordance wth Regulation 11 of the Charities Accounts
(Scotland) Regulations 2006. An examination indudes a review of the accounting records
kept by the chanty and a cc¥nparison of the accounts presented wth those records. It also
includes consideration of any unusual items or disclosures in the accounts. and seeks
explanath)ns from the trustees conceming any such matters. The procedures undertaken do
not provide all the evidence that would be required in an audit. and consequenliy I do not
express an audit opinion on the view given by the accounts.
Independent examiner's statement
In the course of my examinatDn. no matter has come to my attents'on
which gives me reasonatAe cause to believe that in any material respects the
requirements"
to keep accounting records in accordance wth Section 44 {11 (a) of the 2005
Act and Regulation 4 of the 2006 Accounts Regulations. and
to prepare accounts which accord with the accounting records and comply wf(h
Regulation 8 of the 2006 Accounts RegulatK)ns
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.
Wbg Services LLP
168 Bath Street
Glasgow
G2 4TP
Date.. 16 June 2025
�������������������������������������������������������
|Note
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2024
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
Funds
2023
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
4
335,089
-
335,089
300,402
7,377
307,779
Other trading income
5
12,751
-
12,751
33,210
-
33,210
Other incoming resources
6
14,297
-
14,297
10,844
-
10,844
Total Income
362,137
-
362,137
344,456
7,377
351,833
Expenditure on:
Raising funds
Raising donations & legacies
7
11,022
-
11,022
5,981
-
5,981
Charitable activities
8
317,714
590
318,304
335,142
-
335,142
Total Expenditure
328,736
590
329,326
341,123
-
341,123
Net income/(expenditure)
33,401
(590)
32,811
3,333
7,377
10,710
Transfers between funds
6,787
(6,787)
-
-
-
-
Net movement in funds
40,188
(7,377)
32,811
3,333
7,377
10,710
Funds reconciliation
Total Funds brought forward
13
54,176
7,377
61,553
50,843
-
50,843
Total Funds carried forward
13
94,364
-
94,364
54,176
7,377
61,553|351,833|5,981
335,142|341,123|10,710
-|10,710
50,843
61,553|
|---|---|---|---|---|---|
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DUNDONALD GYMNASTICS CLUB
BALANCE SHEET AS AT 31 DECEMBER 2024
Total
Funds
2024
Total
Funds
2023
Note
Flxed assets:
Tangible fixed assets
Total flxed assets
11
43.764
43.764
19,384
19,384
Current assets."
Cash at bank and in hand
Tolal current assets
53.417
53,417
44,414
44,414
Liabilities:
Creditors falling due within
one year
12
(2.817)
50.600
{2.2451
42,169
Net current assets
Total assets less current
Ilabililles
50.6C(I
42.169
Net assets
The funds of the charlty..
Unrestricted income funds
Restricted funds
94.364
61,553
13
13
94.364
54,176
7,377
61,553
Total charlty funds
94.364
Approved by the twstees on and signed on their behalf by:
Date. 12 June 2025
Docuggn Envew ID. F316S9A3G47A24l_ClBE21B41O7fj
DUNDONALD GYMNASTICS CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accountlng Pollcles
(a) Basis of preparation and assessment of going concern
The accounts {ffinancial ststements) have been wepared under the historical cost convention
wrth items recognised at cost or transaction value unless otherwise stated in the relevant
note{sl to these accounts.
The financial statements have been prepared in accordance with the Statement of
Recommended Pracb"ce.' Account'ng and Reporting by Charit'es preparing their accounts in
accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102}, the Charrties and Trustee Investment (Scotland} Act 2005 and the Charities
Acwunts {Scotland} Regulations 2006.
The trust constitutes a public benefft entty as defined by FRS 102.
The financial statements are prepared in sterling. which is the functional currency of the
charty. Monetary amounts in these financial statements are rounded to the nearest £.
The trustees consider that there are no material uncertainties about the Twst's abilty to
continue as a going concem.
Ibl Funds structure
Unrestricted income funds compnse those fijnds which the trustees are free to use for any
purpose in furtherance of the charitable ofy'ects. Unrestricted funds indude designated funds
where the trustees. at their discretion. have created fvnds for specffic purposes.
Restricted funds are funds which are to be used in accordance wth specrfic restrictions
imposed by the donor or trust deed. or through the tem)s of an appeal.
Further details of each fund are disdosed in note 13.
(c) Income recognition
Income is recognised On the charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Donations. are recognised when the Trust has been notffied in writing of both the amount and
settlement date. In the event that a donation is subject to conditions that require a level of
perfomiance before the charity is ented to the fijnds. the income is deferred and not
recognised until either those conditions are fully met, or the fulfilment of those conditions is
wholly within the Contr of the charity and f( is probable that those conditions will be fulfilled
in the reporb'ng year.
Legacy grfts are recognised on a case by case basis fcllowng the confimiatK)n of estate when
the administratorlexecutor for the property has communicated in writing both the amount and
settlement date. In the event that the gift is in the fomi of an asset other than cash or
financial asset traded on a recognised stock exchange. recognikn'on is subject to the value of
the gift being reliably measurable with a degree of reasonable accuracy and the title to the
asset having been transferred to the charty.
Docuggn Envew ID. F316S9A3G47A24l_ClBE21B41O7fj
DUNDONALD GYMNASTICS CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accountlng Pollcles (contlnued)
(c) Income recognition (continued)
Interest on funds held on deposit is induded when re1vable and the amount can be
measured reliably by the charity., this is nomially upon notification of the interest paid or
payable by the bank. Dividends are recognised On the dividend has been declared and
notffication has been received of the dividend due. This is normally upon notffication by our
investment adwsor of the dividend yield of the investment pcrfolio.
Income from government and other grants. whether'caprtal. or 'revenue' grants. is recognised
when the charity has entidement to the fijnds. any perfornian conditions attached to the
grants have been met, it is probable that the income will be received and the amount can be
measured reliably and is not deferred.
(d) Expendlture recognltlon
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 settlement wll be required and
the amount of the obligation can be measured reliably.
All expendrture is accounted for an accruals basis. All expenses induding support costs
and govemance costs are allocated or apportioned to the applicable expenditure headings.
For more infomiation on this attnbution refer to note lfj below.
Costs of raising funds comprise the cost of the development officer
Expenditure on chariiable aclivibes indudes grants payable and other actNities
undertaken to further the purposes of the charity.
Grants payable are payments made to third parties in the furtherance of the charitable
objects of the Trust. In the case of an uncondib.onal grant offer this is accrued once
the recipient has been notified of the grant award. The notrfication gives the recipient
a reasonable expectalion that they will receive the one-year or multi-year grant. Grants
awards that are subject to the reapient fulfilling perft)rmance conditions are only
accrued when the recipient has been notified of the grant and any remaining unfulfilled
COnd'0n attaching to that grant is outside of the control of the Trust.
Provisions for grants are made when the intention to make a grant has been
communicated to the recipient but there is uncertainty as to the timing of the grant or
the amount of grant payable.
The provision for a multi-year grant is recojnised at f(s present value where
setuement is due over more than one year from the date of the award, there are no
unfulfilled performan condtbons under the control of the Trust that would pemiit the
Trust to avoid making the future paymentls). settlement is probable and the effect of
discounting is matenal. The discount rate used is the average rate of investment yield
in the year in which the grant award is made. This discount rate is regarded by the
trustees as providing the most current available estimate of the OPkK)rtunty cost of
money refiecting the tsme value of money to the Trust.
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DUNDONALD GYMNASTICS CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accountlng Pollcles (contlnued)
(e) Donated services and facilities
Donated professional services and donated faciliiies are recognised as income when the
charity has control over the f(em. any conditions associated wth the donated item have been
met. the receipt of economic benefit from the use by the charity the item is probable and
that economic benefft can be measured reliably.
On receipt. donated professional ServIS and donated faalities are recognised on the basis
of the value of the gift to the charity which is the amount the charity would have been willing
to pay to obtain services or facilities of equivalent economic benefft on the open market" a
corresponding amount is then reccgnised in expenditure in the year of reipt.
(n Allocatlon of governance costs
Governance costs compnse the independent examination fee and professional fees incued.
Governance costs are all¢xated directly to the costs of charitable activities.
Ig) Tangible fixed assets
Ail assets costing more than £250 are capitalised and stated at historical cost. Depreciation
is charged as follows..
Basis
25% Straight Line
Equipment
(h) Debtors
Trade and other debtors are recognised at the setuement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
(i) Cash at bank and In hand
Cash at bank and cash in hand indudes cash and short term highly liquid investments with a
short maturity of three months or less from the date of acquisiti¢)n or opening of the deposit or
similar account.
O'} Creditors and provisions
Creditors and provisions are recognised where the chartty has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions are normalty recognised at their settlement amount after allowing for any trade
discounts due.
(k) Flnanclal Instruments
The tnjst only has financial assets and financial liabilrties of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effecbve interest method.
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DUNDONALD GYMNASTICS CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accountlng Pollcles (contlnued)
(l} Judgements and key sources of eslimation uncertainty
In the application of the company s accounting policies. the trustees are required to make
judgements. estimates and assumptions about the carrying amount of assets and liabilits'es
that are not readily apparent from other sources. The estimates and associated assumptions
are based on historical experience and other factors that are considered to be relevant Actual
results may drffer from these estimates.
The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised. ff the
revisDn affects only that pericxl. or in the period of the reViSn and future peri¢)ds if the revision
affects both ojrrent and fijture periods.
The trustees are satisfied that the accounting poliaes are appropnate and applied consistently.
Key sources of estimation have been applied as follows".
Estimate
Depreciation of fixed assets
Basis of estimation
Fixed assets are depreciated and amortised
over the usefvl lrfe of the asset. The useful
Itves of fixed assets are based on the
knowledge of the operations team, with
reference to assets expected life cycle.
2. Legal status of the Trust
The charity is a SCIO and is a registered Scottish charity.
3. R8lated party transactlons and trust8es' 8xp8ns8s and r8mun8ratlon
The trustees all give freely their time and expertise without any fomi of remuneration or other
benefit in cash or kind (2023.. £nil). There were no trustee expenses paid or waived during
the year {2023.' £nil}
During the year no trustee had any personal interest in any contract or transaction entered
into by the charity (2023.. £nil).
4. Incom8 from donatlons and18gacl8S
2024
2023
Subscriptions
Grant income
355.089
300,402
7,377
307,779
355.089
5. Income from trading activities
2024
2023
Fundraising events
12,751
12.751
33,210
33,210
io
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DUNDONALD GYMNASTICS CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. Other Incomlng resources
2024
2023
Merchandise
14,297
14.297
10.844
10.844
7. Ralslng donatlons and legacles
2024
2023
Fundraising costs
11,022
11,022
5.981
5,981
8. Analysls of 8XP8ndlture on charltable actlvltles
2024
2023
Merchandise costs
Website & CompLrter costs
Wages
Pension costs
Insurance costs
Sundry expenses
Contractor costs
Coach fees
Coach education
Competition fees
Travel and accommodation
Camp expenses
Postage and stationery
Administration costs
Professional costs
Venue hire
Depreciation
Govemance (Note 9)
20.948
1.785
73.377
1.469
4.240
10,252
31.060
89,324
2,915
16.981
2.815
31.948
540
30.525
675
4.490
7,163
37.820
119.300
7,421
14.131
5.015
2.612
1.931
2,900
930
50.221
16.197
1.323
335.142
343
3,747
2.T15
40.007
10.944
1.758
318,304
9. Allocation of governance costs
Governanc8 costs:
2024
2023
Independent Examiner remuneration
1,758
1.758
1,323
1.323
10. Net Incom81(8XP8ndltur8) for the year
This is ststed after charging=
2024
2023
Independent Examination remuneration
Depreciation
1,758
10.944
1,323
16,197
li
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DUNDONALD GYMNASTICS CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. Tanglble Flxèd Assets
Equipment
Tolal
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
64,788
35.324
64,788
35,324
100.112
100,112
Deprecialion
At 1 January 2024
Charge for the year
Disposals
At 31 December 2024
45,404
10,944
45,404
10.944
56.348
56,348
Netbook Value
At 31 December 2024
43.764
43.764
At 31 December 2023
19,384
19,384
12. Crodltors: amounts falllng du8 wlthln ono yèar
2024
2023
PAYE creditor
Pension creditor
other creditors
728
331
1.758
2.817
440
131
2,245
13. Analysis of charitable funds
2023
Balance
blfwd
Gainsl
{Losses) Transfers
Fund
clfwd
Analysis of
Fund movements
Income Expenditure
Unrestricted funds
General funds
Total unrestricted funds
Restricted fund
Scottish Gymnastics
Total restricted funds
TOTAL FUNDS
50 843 344,456
50.843 344.456
341.123
{341.123)
54.176
7.377
7.377
50.843 351.833
7.377
7.377
61.553
(341.123)
12
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DUNDONALD GYMNASTICS CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
13. Analysls of charltable funds (contlnuod}
2024
Analysis of
Fund movements
Balance
blfwd
Gainsl
(Losses) Transfers
Fund
clfwd
Income Expenditure
Unrestricted funds
General funds
Total unrestricted funds
Restricted fund
Scottish Gymnastics
Total restricted funds
TOTAL FUNDS
54.176 362,137
54.176 362.137
328.736
(328.736)
94.364
94.364
6.787
7.377
7,377
61.553 362.137
590
590
329.326
6,787
6,787
94.364
a) The unrestricted funds are available to be spent for any of the purposes of the charity.
b) Restricted funds are held for the following purposes:
Scottish Gymnastics - fijnds provided to set-up a Satellite Club in Tayvallich and should be
used for education courses and equipment.
14. Net assets over funds
As at 31 December 2023
Unrestricted
Funds
Restricted
Funds
Total
2023
Fixed Assets
Bank
Current liabilities
19.384
37.037
2,245
54.176
19.384
44.414
2,245
61.553
7.377
7.377
As at 31 Decemb8r 2024
Unrestrlcted
Funds
Restricted
Funds
Total
2024
Fixed Assets
Bank
Current liabilities
43.764
53.417
{2.817)
43,764
53.417
12.817)
94,364
13