GLASOW BADMIPON ACADEMY (FORMERLY KNOWN AS GLASGOW CHINESE BADMINTON CLUB) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 NOVEMBER 2025 CHARITY NO: SC049944 Chartered Accountants
GLASGOW 8ADMINTON ACADEMY REPORT AND FINANaAL ATEmENTs YEAR ENDED30 NOVEMBER 2025 CONTENTS PAGE Trustees, report Independent examinerfs report Statement ol financial attNities incorporating the income and expenditure account Balance sheet Notes forniin8 part of the financial Statements 10-13
GLASGOW BADMINTON ACADEMY TRusfEES' ANNUAL REPORT YEAR ENDED 30 NOVEMBER 2025 The Trustees are pleased to present their annual K4)rt together the finala1 statements of the charity forthe year ended 30 November 2025. The financial statements COMP with the charit$ and Trustee Investment (Scotlandl Acr 25. the Charities Account5 (Scotlandl Regulations 2()6 las amended). the tonstr(ution, and Accounting and Reporting bycharities.. Statementof Recommended Prxticeapplubleto charities preparingtheir accounts in accordance with the Financial Reporting Standard applicatrAe in the UK znd Republic of Iland IFRS 1021 leffectNe l January 20191. oBJEIVEs ANO ACTIVITIES Pur The Chari5 purposes a The advancement of health through the promotion. f05tering and encouragement of people into playing badminton The advancement of public participation in spon. specrfically badrninton The provision of recreational facilities. the organisation of recreational activitie5 Wlth the object of improving the conditions of life for the persons whom the facilitie5 or attivities are primarily intended ACHIEVEMENT5 AND PERFORMANCE During the reporting period, Glasgow Dadminton Atademy IGBAI continued to deliver struetured and hiKh-quality badminton coachin8 programmes for children and young people across Gla58OW. Wlth a stron8 emphasis on both sportin8 development and character building. The Academy maintained 8 con5isient weekly coaching schedule across muhiple venues. including Hutchesons. At Pollok Park. Glasgow Club Bellahouston, Knightswood Secondary School. Cleveden Secondary School, and Glasgow School of Sport. A clear developrneni pathway was provided for players of all levels. from beginner Iminiton and Junior groups) to Intefmetliate. Advanced. and Performance squads. Despite intreasin8 opefational pressures. includin8 rising facility costs and limited access to suitable venues. the Acaderny maintained stable operations and continued to attract and retain members. The block-based training model remained effective in sUPPOrtin8 both financial Stability and operational planning. Importantly, in li8ht of increasing overall costs. the Academy maintained its fee structure without increases during the reporting period. Thi5 approach was taken to reduce the financial burden on families and to encourage wider participation. in line with the Acèdemvs charitable objectives and commitment to community development. In terms of player development. the Academy achieved posr(ive outcomes. Players represented GBA at local and national competitions, achievin8 strong $1. In addition. the Academy attively participated In International competr(ions. where players delNered excellent performances, demonstrating both technscal progression and competitwe readiness on a broader stage. Alongside player development. the Academy placed significant emphasis on the development of its coaching tearn. Investment was made into coach education and inrernational exposure opportunitie5. During the year, two player5 were supported and two coaches We sent to Thailand for a one-month intensive training camp. This nitiative provided valuable insight into international training methods and alk)wed coaches to brin8 back enhanceij knowled8e and practice5 10 be applied wthin the Academy.
GLASGOW BADMINTON ACADEMY TRUSTEES ANNUAL REPORT YEAR ENDED 30 NOVEMBER 2025 The Academy contiThued to benefit from partnerships wilh Yonex ènd Central Sports, supporting eoLJipment provision for playevs. In addition. SPDnsorship support from I Chai contributed towards training, competition participation. and overall programme delivery. G8A a150 delivered internal events. includsng its annual team-based tournament. which pfomoted engagement. teamwork. and a strong sense of community among players. parents. and coaches. From a governance perspective. the Academy maintained robust safeguarding and operational standards. All coaches and volunteers complied with PVG IProtettin8Vulnerable Group51 requirements, with oversight provided by the appointed Child Protection Offir. The Academy continued to operate in accordance with its charrtable purposes and OSCR regulatory requirernentS. However, the Acèdemy faced several challenges during the year. Changes in the national badminton structure impacted player availabilsty and schedulin& placing additional pressure on programme delivery and long-term planning. Furthermo. increasing facility costs and limited venue availability continued to affect operational efficiencv. Ovefall. desplte these challenges. GBA demonstrated resilience and continued to provide a hi8h-quallty and impactful sporting environrnent for young people within ihe community- FINANCIAL REVIEW The cha¥ity received £101.146 12024= £86.0581 in membership fees and £2.611 12024- £2.41SI in donation5 during the year. Our largest expenditure is court hire £27.38312024.. £19.1291 and coachinyJtrainin8fees £43.32012024.. £34.1301. The club exercises sound fFnancial management and critically examines all aspect5 of expenditure to identify llselul savin85. Thus. wr(h the support of tx)th rfs coaches and volunteers. the club's total net assets at the year-end were at a level of £60.82412024.. £42.8911. serves The trustee5 have established a pjlicy whereby tunds not tommitted or invested in tangible fixed assets -the free re5erves-I held by the charity should not be le55 than 3 months of the resources expended. which equate5 10 around £21.874 in general fund5. At this level. the trustee5 feel that they would be able to continue the current act¢vities of the charity in the event of a significant drop in funding. At present the free reseNes. which arnount to £60.824. are more than this target level. Rlsk Ma The Trustees cognIse the importance of effective risk management in ensuring the sustalnability and success ol the Academy. A number of key risks have beert identified and zre actively monitored: Facility and Operational Risk The Academy remain5 reliant on external venues. which presents challenges including lirnrted availability. risin8 rentsl cost5. and scheduling constraints. To mitigate thls. the Academy continues to diversify venue ysage and 15 actively exploring the development ol a permanent facility.
GLASGOW BADMINTON ACADEMY TRUSTEE'S ANNUAL REPORT YEAR ENDED 30 NOVEM8ER 2025 Financial Risk Rising operational costs. pèrticulady facility hire, present ongoing financial pressure. The Academy mitigates this risk through strurtured financial plannin& maintaining a block-ba5ed payment system. securin8 sponsorship. and careful c05t control. Participation and Retention Risk Changes within the wider badminton strurture may impatt player participation and availabiltty. The Academy mr(igates this by maintaining strong en8a8ement with players and pants. and by providin8 a supportive and hi8h-quality training environment. Safeguarding Risk Working wirh children and youn8 people requires robust safeguarding procedure5. The Academy ensures all coaches and volunteers are PVG-checked and operates under strict safeguarding policies. overseen by the Child PrOteCtn Officer. Human Resource Risk The Academy 15 on a cornbinatbon of volunteer and parr-ttme coaching Staff. To mitl8ate this, GBA continue5 to invest in coach development and is plannin8 fof futu expansion into full-time staffing where fea$le. The frustees will continue tts fev*w and monitor these risk5 re6ular and tmplement appropriate measures io minimise rheir impact PLANS FOR THE FUTURE Looking ahead. Glasgow Badminton Academy will continue to focus on stfeThgthening its sustainability, operational quality. and lon8-term development. The Academy will maintain its structured training pathway and cOntine to enhance the quality of coaching delivery. ensuring that players at all levels are supporred in a consistent and pro8ressNe environment. Participation in boih domestic and international competr(ions will continue to be encoura8ed in order to further develop players. experience and perfomance. A key 5trate8ic priority is the development of a permanent training lacllity. The Academy 15 acti¥ely exploring opportunities to secure a long-temi venue in order to address ihe challenges of high rental costs and lirnited court availabilrty. E5tablishinK a dedicated facility would significantly improve operational efficiency and provide greater flexibility and siability for future growth. Subject to securing a permanent facility. Ihe Academy intends to gradually recruit full-time staff and professional coaches iofunherstrengthen its operational capacity and elevate the sndard of coachin8 provision. In parallel, the Academy is exploring the development tsf a Sockil enterprise model. This approach aims to create a sustainable income Structure whereby 5urplu5 generated through operations can be reinvested into player devebprnent. facility improvement, and wider community initiatives. This strategy is intended to enhance long-term sustainability while intreasln8 the Acadernls social impact. Financial sustainability will rernain a priority. with continued emphasis on Structured fee systems, 5ecurin8 sponsorship and fundin8 OPPOrtunbties. and maintaining careful cost control to ensure acce55ibility and bn8-term viability.
GWGOW BADMIMfoN ACADEMY TRUSTEE'S ANNUAL REPORT YEAR ENDED 30 NOVEMBER 2025 Overall. GBA remains committed to tts charitable mission of advancing amateur sport. part¢culadv badminton, by providing hiqh-quality coachirsg and a p051tTve development environment for children nd young people. STRUCTURE. GOVERNANCE AND MANAGEMENT Governln Document The charity wa5 established under a constitution date 3 June 2019 and CeNed its charitable status on 11 February 2020. ruitment and a f trustees The trustees are appointed by resolution of the trustee5 subject to a majority vote. The t¥ustees meet as and when requirefl to deal with ihe affairs of the charity. anlsat5onal Mwaure The organisational strurture of the charity is S out in the Constitution before referred to. Decisions with regard to the affairs of the charity are taken at a meeting ol the trustees on the basis of ommendation by the thabrperson or trustees followng consideration and discussion by way of a majority vote. Stsffi nd ¥duntetrs The charity regular relies on irustees and volunteers to carry out administrative and general duties. Coaches are engagement as self-employe(l indNidua15 to conduct trainin8 sessions. R lated Pa Transactlon No transattions with related parties were undertaken.
GLASGOW BADMIlON ACADEMY TRUSTEE'S ANNUAL REPORT YEAR ENDED 30 NOVEMBER 2025 REFERENCE ANO ADMINISTRATIVE INFORMATION Charity name Glasgow Badminton Academy Charlty Number SC049944 Trustees Hoi Yin Li15ecretary to 1516126 then Chaifper50nl Patrick McHugh Ichairpersonl (Resigned 191101251 Peter Chiu (Treasurer) Hung Tran (Appointed 1181251 Commlttee Members Danny Ng Kenneth Cheurtg Htsn Tran Patrick McHu8h IRe518ned 191101251 Peter Chiu Hoi Vin Li Anne Roberston (Appointed 3181251 Elantsr IYDonnell (Appointed 3181251 Nina Waddell IAppointed 3181251 Xinyu Li 1Secretaryl (Appointed 15161261 Advlsory Commlttee Members Henry Chan Ray Stevens Nayan Nagar IResi8ned 27nn51 Ishal Mrttal (Resigned 27171251 Registtred Olfice 112 9 Wood Street Glasgow G313BZ Independent Examintr Daniel Chok C. Chartereij Accountants 9 Royal cresnt Glasgow G3 75P 8ankers Royal Bank of kotland 9 Clifton Pla Glasgow G2 3ND
GLASGOW BADMIKfoN ACADEMY TRU5TEE'5 ANNUAL REPORT YEAR ENDED 30 NOVEMBER2025 Staternerrt of Trusiees. Responsibifrfes The charity trustee5 are SponSIble lor preparirtg a Trustees. annual report and financial statements in accordance with applicable law and United Kingdom Accountin8 Standards (United Kingdom Generally Accepted Accounting Practicel. Law applicable to charitie5 in Scotland qUireS the Trustees io prepare financial statements for each rinancial year, which 8Ne a true and fair view of the state of affairs of the Tfust at the end of the year and of their financial attivities during the year then ended. In preparing those financial statements. the Trustees are QuIred to.. select suitable accounting policie5 and then appty them consi5tently,' observe the rnethods and principles in the Charities SORP-, make judgements and estimates that are reasonable aThJ prudent.. state whether applicable UK actounting standard5 and 5tètements of recommended practice have been followed. subject to any departure5 disclosed and explained in the financial statements- and prepare the financial statements on the going eoncem basi5 unle55 It is inappropriate to presume that the trust will Coniinue. The Trustees are responsible for keeping p¥oper acmunting records that disclose with reasonable accuracy at any time the linancial position ol ihe charity and to enable them to ensure that the financial statements cornp wih the legislation. They are also fe5ponsible for safeguarding the assets of the chartty and the group and hen taking reasonable steps for the prevention and detection of fraud and other irre8ularities. Approved by the board of trustees on..... (Chairper
GLASGOW BAOMlION ACADEMY YEAR ENDED 30 NOVEMBER 2025 INOEPENDENT EXAMINEWS REPORT TO THE MEMBERS I report on the accounts for the year ended 30 November 2025 as set out on pages 8 to 13. Respe¢tlve fesponsibilities of the Trusiees and the Independent Examiner The charity's Trustees are responsible lorthe prepafation of the accounts in accordance with the terms of the Charities and Trustee Investment Iscotlandl Act 2W5 and the Charities Accounts (Scotlandl Regulation5 2006. The charity's Trustees consider that the audit requirement of Regulation 10111 lal to Icl of the Charities Accounts (Scotlandl Regulations 2006 las arnendedl does not apply. tt Is my responsibility to examine the accounts as required under section 4411) Icl of the Act and to state whether Particular matters have corne io my atteniion. Basls of Independent txamln•rfs report My examination is carried out in accordance with Regulation 11 of the Charities Account5 (Scotlandl Regulations 2CK16 las amendedl. An examination includes a review of the aetounting records kept by 1he charity and a comparison of the accounts presented with those reeords. It also includes consideration of any unusual items or disclosures in ihe accounts. and seeking explanation5 from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequent1 I do not expre55 an audr( opinion on the view given by the account5. Independent examlnerfs statement In the course of my examination, no matter has come to my attention.. i) which gives me reasonable cause to believe that in zny material respect the requirements.. to keep accountin8 records in accordance with Section 44 Illlal of the 2005 Act, Regulation 4 of the 2006 Accounts RegulatK>ns las amended) and section 386. 387, 477 and 482 of the Companies AU 26.. and to prepare a£count5 which accord with the accounting cordS and comply with Regulation 8 of the 2006 Accounts Regulations la5 amended) have not been mei., or 21 to which, in my opinion, attention should be drawn in order to enable a proper undersiandin8 of the accounts to be 3£hed. Daniel Chok C.A. CW Chartered Accountants 9 Royal Crescent Glasgow. G3 7SP Date
GLASGOW BADMINTON ACAOEMY STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 30 NOVEMBER 2025 2025 2024 Income from: Dorialions and legaCS Charitable activities Investment5 2.611 102.237 582 2.415 86,672 Totsl 105.430 89,087 Expendlture on: Charitable activities 87,497 66.327 Total 87.497 66.327 Net movement In fyThls 17,933 22.760 Total funds brou8ht fonmard 42.891 20.131 Total funds carried forward 60.824 42,891 All Movements are in vnresirirted funds. The charlty ha5 no recognised gains or losses other than the results for the perM)d as set out above. All ol the activilies of the Crity are dassed as continuing. The notes on pa8e$ 10 to 13 forni part of these financial statements.
GLASGOW BADMipifoN ACADEMY BALANCE SHEET AS AT 30 NOVEMBER 2025 2025 2024 Notes Current assets sitsck Debtors Cash at bank 1.772 1,595 63.868 S74 594 49.520 67.235 50,688 Current liabllltlts Creditors.. amount5 fallin8 due within one year 16,4111 17.7971 Net assets 60.824 42,891 Funds Unre5tricte(I funds.. General 60.824 42,891 60,824 42,891 The accounts were approvetl by the trustees on Peter Chiu (Treasurer) The notes on page$ 10 to 13 fomi part of these financial Statements.
GLASGOW BADMIlON ACADEMY NOTES FORMING PART OF THE FINAPKIAL sfATEMENTS YUR ENDED 30 NOVEMBER 2025 Accounti poll¢les Basls of a¢counti The financial statements have been prepared in accordance wr(h Accounting and Reportln8 bv Charitie5.' 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 IFR51021 (effective l January 20191- Charities SORP IFRS 1021. the Financial Reporting Standard applbcable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The charity has taken advantage of the exemption Irom the requirementto prepare a Statement of Cash Flows as permitted under FAS 102 and the Charrties FRS 102 SORP. The tharity constitutes a public benefit entity- Glasgow badminton academy meets the definition of a public benefit ent¥ty under FRSIO2. The Trustees consider there a no material uncertainties about the charitable companvs ability to continue as a going concern. The Trustees goin8 concern asse5smeni covers a period of at least 12 months from the date of signing of these financial statements. Accordin8ly the financial 5taternents have been prepared on a goin8 concern basi5. Ibl Income Income is recogni5ed when the charity has entitlement to the funds. any performance conditions attached to the item(51 of income have been met. it is probable thai the income will be received and the arnount can be measured reliably. Expenditure All expenditure is included on an accrua15 bass and is recognised when there is a legal OT constructive obligation to pay. The charity is not registered for VAT and, accordingty, costs are shown gross of irrecoverable VAT. Costs of raising lunds comprise ihe dirert costs ol fundraising activlties together with associated support costs. Charitable expenditure eomprises those costs incurred by the charity in the delivery of its activities and service5 for its member5. It includes both costs that can be directly attributed to sueh attNbties those of an indirect nature necessary io support them. including governance costs. Governance costs include those cost5 a55ociated with meetin8 the constitutional and statutory requirements of the charity and include the independent exam fees and costs linked to the strategic management of the charity. io
GLASGOW 8ADMINTON ACADEMY NOTES FORMING PART OF THE FINANaAL STATEMENTS YEAR ENDED 30 NOVEMBER 2025 Accounting polkles Icontinutdl Funds unreStred1Und5 are incomin8 SOurceS rel¥e lor the objects of the charity without funher specified purpose and are available for use at the discretion of the directors. lel Flnanclal Insiruments The charity only has financial assets and financial liabilr(ies of a kind that qualrfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and Subsequent measured at their settlement value since these are repayable on demand. Income from donailons arrfl legacies 2025 2024 Donations 2,611 2.415 2.611 2,41S Income from eharltsble activmes 2025 2024 Fee/member5hip income 101.146 86.058 T-5hirt/rracksuitlshuttle$ sales 1.063 50 Raffle income 564 Event income 28 102,237 86,672 li
GLASGOW BADMINTON ACADEMY 14OTES FORMING PART OF TrIE ANANCIAL STATEMENTS YEAR ENDED 30 NOVEMBER 2025 Analysls of expenditure on th•rltable actSvltles 2025 2024 Court Hire Coaches and training costs Shuttlecocks and nets Sundry expenses Tracksuits and shirts Event cost5 Stripe fees Governante costs= Independent examinatbon fee 27,383 43,320 3,313 4,958 4.411 1.320 1.622 19.129 34,130 596 3.528 3,446 3,214 1.294 1,170 960 87,497 66.327 Net expendlturefincomt forthe year 2025 2024 Th1$15 Stated after charg1. Independent examlnerfs fee 1,170 990 TaxatSon The charity is exempt from corporation tax on its charrtable activitie5. Debtors: amounts fallNa due withln one year 2025 2024 StriFe Debtor 354 Prepayments 1.241 594 1.595 594 12
GLASGOW BADMINTON ACADEMY 140TES FORMING PART OF THE ANANCIAL STATEMENTS YEAR ENDED 30 NOVEMBER 2025 Credrtors- amounts falling due within one year 2025 2024 Accrua15 and other credr(ors 6.411 7,797 6,4Jl 7.797 Funds Asat30 Ai30 November Incomlng OutgoingNovembtf 2024 Resources Resources 2025 Unrestrlrted funds General fund 42,891 105.430 87,497 60,824 Total funds 42.891 105,430 87.497 60.824 Asat30 At30 November Incornlng Outgoin8No¥ember 2023 Resources Resources 2024 Unrestricted funds General fund 20.131 89,087 66.327 42.891 Toial funds 20,131 89.087 66.637 42,891 Pur se of unie tTlCted fund5'. The Unrestricted Funds 15 the general funds which the trustees are frèe io use in xcordance wlth the charitable objects 13