REC1￿EREDcHARlTy NUMBER: SC050279 REPORT OFTHE TRusfEES AND UNAUDITED FINANCIAL sfATEMEKrs R THE YEAR EIYDED31 AUGUST2024 FOR KILMARNOCK ACROBATIC GYMNASTICS CLUB Henry Brown & Co (Jw1ered A¢¢ountants 26 Ponland Road Kilmarno¢k Ayrshire KAI 2EB KILMARNOCK ACR BATIC CYMNAsfics CLUB CO￿￿1¥Ts OF THE FINANCIAL sfATEMENTS FOR THE YEAR EJYDEDJI AUGUST2024 Page R¢port of the Trustees Independent Examiner's Rwrt Staleme*t of Fl*•n¢i*l Adivilieg B*l*iee Sheet Nol¢s to the fiwineial Ststeme*ts 8 to 12 Detsiled Statement of FiMnti*l Ac¢ivitie5 IJ to 14 KILMARNOCK ACROBATI YMNAsfics CLUB REPORT OFTHE TRU￿gEs FOR THE YEAR END£D31 AUGUST 2024 The trustees pre5¢n¢ iheir report wth the financial Stat￿nts of the charity for the year ended 31 August 2024. The trustees have adopted the provisi{￿ of Accouniing and Rewiing by Charities: Stst¢ment of Recommended Practice applicable 10 charities preparing their accounts in a¢cordJrK¢ with the Financial ReP￿ing Standard applicable it] the UK and Republic of Ir¢land (FRS 102) (effeaive l January 20191 Introduction from the M•nagemtnt Team Kilmarnock Acrobaiic Gymnastics Club {KAGC) has been yraiing for almo4 40 y¢aT& pn)viding an eli1¢ standard of gyMn￿1CS cl&ss¢s in East Ayrshire. We specialise in competitive Acrobaiic gymnastics and recreational ￿Mnas[IcS bui hav¢ recently exteThJed whai we offer the community ty intrTrJucing &ldiiional classes Ls toddler, preschool. developm¢nL display and tumble. The club has gone from strength io strength in the last 12 tMTrnths. We are providing more classes for recreaiional gymnasts as well as working in Collakntion wilh Fast Ayrshire CollneillAettve schools. Thi5 would not have been PLissible without ihe h¢lp and $UPFrfJrt from every singk one ofour memb¢r& Financially. we are in a strong po$]li￿ aTKI are w)￿1￿8 ioward5 a ￿¢Wer lJrg¢r pr¢mise5 in December 2024. Without our dedicated fundrdising committee and th¢ grants received th¢ process of running our own premises would prove Signific￿tlY more difficuli. Thank5 go to the many organisaiiotL8 WI￿ have provKled KAGC with 5LgnifLc*nt grnnts and funds. These includ¢ Easl Ayrshire C￿jn¢1I. Scottish Gymn￿leS WKI Sports Sc(rt]and. OBJEcfivES AND ACTIVITILS ObSettives and Aims Kilmamock Arrobatic G￿naSticS Club¥ principal objective is lo advance public participation in sport, Ihrough ihe encourag¢ment of and the provision of gymnastic oPF￿￿￿1tlts prekninanily. but not exclusiv¢ty. for individuals from Kilmarn¢xk and surrounding arw. KAGC has 40 years. experience of providing excellent gymnlyics classes in Ayrshire. From recTeati¢Thl classes to our 8ytnDp5ts being selected for ihe Perfomjance Pathway Programme and Developmeni Pathway Prograrnm¢, we cater for gymnasts of all abilitie5 and all levels widK)ui prej￿11¢¢ or distinction of age, religion, tace, culture, disability, gender. s¢xuality. or w)lilics. Page I KILMARNOCK ACROBATICGYMNASTIC LUB RE RT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 ACHIEVEMENT AND PERFORMANCE Perforrnance & Key Aclklevements The competition team has had a successful year achievin8medals * the South Tyn¢side Int¢moticrf)al Cup, FIG Swttish, NDP Tournameni NDP &(bttish. Wesl of Scotland NDP British and Imer-regional Finals. Well done to all th¢ gymnasts %¥ho ton￿lpa1Yshtr¢ KAI 2EB Appro%'cd by or(Icrofihc bnard of Irwices Dn 29 May 2025 ad SIp￿d on its bd￿r by: INDEPENDEhT EXAMINER'S REPORT TO THE TRUSTELS OF KILMARNOCK ACROBATIC GYMNASTICS CLUB I rep)rt on the accounts for yegr ¢nded 31 August 2024 set out on pages six to tw¢lv¢. Respeftive re5ponsibillties of irusltts euminer The chariws trustees are responsible for the pryation of the a¢¢owJts in accordance with the ternis of the Chartti¢s and Trustee Investment {S￿land} Aci 2(K)5 aThl the Chariiies Accounts {S¢otland) Regulations 2CM)6 (a5 amended). The chariws Iruste¢5 ronsider that the audit requirement of Regu￿1(￿ IIKI Xa) lo (c) of ihe Accounts Regulations does apply. It is my responsibiliry io examine the accounts as required under S¢¢tion 44(1)(¢) of th¢ Aci and to state whether particular matters have come lo rny atteniion. Basis oflh¢ Ind¢pe*deTrt exAmineVs report My ¢xaminalion was carried oui in a¢¢ordance with Regulaiion I l of the Chartties Accottnts {ScotIat￿J) Regulations 2006. An examination includes a review of the act￿ntIng records kept by the charity and a comparison of rhe accounts presented with those records. It also irtludes c(msideration of any unusual i1¢n￿ or disclosures in fhe a￿ounts, and s¢¢king explanations from you as trustees concerning any s￿h matte￿. The wocedures undertaken do not provide all the evidenc¢ ihat would be req￿Ered in an awlil. and conSeq￿ntIY I do not express an a￿j11 opinion on the view given by the accounts. Ind¢pendent examlner's ststernenl In connection with Tny examination. no matter has come to my alleniion". (l ) which gives me re￿o￿ab[e cause to belie￿ that. in any material r¢sprct, the requirements io keep a¢¢ounting records in xcordanc¢ with Seaion 44(IXa) of the 2(M)5 Aet ONI Regulltion 4 of 21X Accounts Regulo1ions- and to prepare accounts which accord with th xcounting records aTHI to wnpty with Regulation 8 of the 2006 Accounts Regulaiions have been met" or (2) io whidl, in my opinion. attention should ir drawn in order 10 enabk a proper ￿￿1¢[5¢4￿dIng of the accoun15 to be reached. Henry Brown & Co Chartered Accountants 26 Portland Road Kilmarnock Ayrshire KAI 2EB 29 May 2025 Page 5 KILMARNOCK ACROBATIC YMNASTICSCLUB srATEMEIYT OF FINANCIAL ACTIVITI R THE YEAR ENDED31 AUGU 2024 T￿al d5 2023 Total nds Unrestri¢ted Restri¢ied fund fund INCOME AND ENtX)WMENTS FROM Donaiions and legacies 129,058 137.658 118.699 her trading aaiviiies Investmeni income 8,060 230 15,541 170 230 Tot81 137J48 145.948 134.410 EXPENDITURE ON Raising fvryjs 19.821 28.681 48,502 Chgrltabl¢ activities Charitable Activity 125.609 7.432 133.041 123.556 Totsl 145.430 36.113 181.543 123,556 NET INCOMEI(EXPENDITURE) {8,082) (27.513) (35.595) 10,854 RECOIYCILIATION OF FUNDS Ti)tal funds broughi fonvard 78.651 31,844 110.495 99,641 TOTAL FUNDS CARRIED FORWARD 70.569 4.331 74.9CM) 110,495 The T]Otes fomi w of ihtse fmwjcial Ststcm￿ts Page 6 AS-flCS BAIANCE IIF.¥r JI Aufu¥i'2024 2024 TthAI 2023 ToLTrl IIED Tangible a5S¢Is 4È.502 CURREN7'A&SIYS C95h #i 1119 4.3Jl 76.150 63,919 C.R&DITOKS AnKuJ15 falling dll¢wth¥i om¢ ycar (1250) 11250) (1.926) NETCURRENT A&sErs 4JJl 74.(J 61,993 TOTAL ASSETS LFSS CURREiir LIABILITIES 4JJl 74.(X 10,495 4JJl 74.%KJ 110.495 FUNDS UN¢sincie4J fund5 Rcstric￿I funds 70569 4J31 78,651 Jl,U4 TOTAL FUNDS 74. 110.495 The finwi•l 8pNov¢d by the l)(4￿ ofTnHtte5 I￿1 wthised fw iw th1 29 2023 werc KILMARNOCK ACROBATIC GYMNASTICS CLUB NOTLSTO THE FINAN IAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST20 ACCOUNTING POLICIES Basis of prep8rlm£ th¢ finawcial statements The financial statements of the charity, whith is a wblic benefit entity under FRS 102. have been prepared in accordance wilh ih¢ Charilies SORP (FRS 102) 'Accounting and Re￿rtIng by Charilith s￿ement of Recommended Practice aNilicabl¢ to charities weparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Rwblic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 The Financial Repining Standard applicable in ihe UK and Rewbltc of Ireland arKI th¢ Charities and Trustee Irtvttth￿l (scotla￿1> Act 2005. The financial statements have been epared under the historical ¢ost convention. Income All income is recognised in the Siatement of Financial Activitie5 once the charity has entitlement to ihe funds. it is wobable that the income wtll be received and the amount can be me&sured reliabty. Eipendlture Liabilities are reeogni5ed as exp￿1(￿e as $[K￿ a5 there 15 a legal or conslnKtive obligation committing the charity to that expendilure, it is probable that a transfer of economic benefits will ￿ required in settlement and Ihe amwn¢ of the obligation can be measU￿d reliably. Expenditure 15 accounkd for on an accruals basis and has iyen classified under headfftgs th21 aggregate all com rel￿ed to the category. Wh¢r¢ costs cannot be direcity attributed io particular headings tly have trMJ all¢xa¢ed to activitie5 on a basis consi51enl with the use of resources. T¥ngible fixed assets Depreciation is provided * the following annual Mes it) order io wri1¢ off ¢arh a55¢1 ov¢r its eslima*d us¢fvl life. Taxatio The charity is exempt from tax on IL% ¢h8ritybk ￿1vill¢s. Fund Unrestricted funds can be ￿sed in acc(Kdance with the charitable obje¢iives ai th¢ di%¢reii¢)n of ¢he ¢rw¢¢s. Restricted fund5 can only be used for parti¢ular restricted pur￿SeS within the objects of the charity. Restrictions arise when specified by the dO￿r or when funds are raised for particular rtStri¢td purposes. Further explanation of the nature and of each fvnd is ]￿luded in the not¢s io th¢ finan¢ial swmenis. Hirt purchase 8Ad leasing foThmitments R¢ntals paid under OF*rnting le&8es are rl4rged kn the Ststenxnt of Financial Activities on a s(rdighi line bast5 over the period of the lett￿. Pensi(Nb Costs and other pJst-re¢ir¢•en¢ benefits The charity operdtes & defined contrtbuiion pension scheme. Contributions payable to ihe charitys pension scheme are charged to the StJienMt of FIn￿￿la1 Aciiviiies in the peri(xl to which they relate. Page 8 continued... KILMARNOCK ACROBATIC GYMNAsfics CLUB NOTE TO THE FINANCIAL STATEMENTS- ¢ontinu FOR THE YEAR ENDED I AUGUST 2024 OTHER TRADING AcfiviTILS 2024 2023 Fundraising evenls Clothing and other sales Choreography and l-l 5,161 2,899 9.691 4.995 855 8.060 15.541 INVESTMEJYT IJYCOME 2024 2023 Rents received 230 170 TRUSTEES, REMUNERATION AND BENEFITS Th¢re were no In￿. remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 AUg￿t 2023. Truslees, expEM There were no tnJst#g ex[￿nseS ￿ld for the y¢ar ¢nded 31 August 2024 nor ihe year ended 31 August 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UJLf¢strict¢d nd Resiri¢ied fijnd T￿81 funds INCOME AND ENDOWMENTS FROM Donations and legacies 114,IY6 4,653 118,699 Other trading activities Investment incom¢ 15,541 170 15,541 170 Total 129.757 4,653 134,410 EXPENDITURE ON Charitable actlvllks Charitabk Activity 119.271 4285 123.556 NET INCOME 10.486 368 10.854 RECONCILIATION OF FUNDS T￿al fvnds bri)u8ht forward 68.165 31.476 99,641 TOTAL FU]YDS CARRIED FORWARD 78,651 31,844 110,495 Page 9 crmlinued... KILMARNOCK ACROBATIC GYMNASTICS CLUB TES TO THE FINANCIALSTATEMENTS- eomltDII FOR THE YEAR ENDED31 AUCUST2024 TANGIBLE FIXED ASS Plant and machinery COST Ai I Sepiember 2023 and 31 August 2024 48,502 DEPRECIATION Charge for year 48.502 IYET BOOK VALUE At 31 August 2024 At 31 August 2023 48.502 CREDITORS: AMOUKTS FALLING DUE WITHIN ONE YEAR 2024 2023 Cther creditors 1250 1.926 MOVEMENT IN FUJYDS Net movement fund5 Ai 3118124 At119r23 Unrestrl¢ted G¢neral fuThl 78,651 (8,082) 70,569 Res¢ricted funds Restrided 31.844 (27.513) 4.331 TOTAL FUNDS 110.495 (35,5951 74.900 Net movement in included in the a￿ve are as foll Incoming Resources expended Movement n fimds Unrestrlcted funds Genernl fund 137J48 (145.430) (8.082) Restri¢1￿ f¥nd5 Restricted (36.113) (27,513) TOTAL FUNDS 145.948 (181,543) (35,595) Page 10 continued... KILMARNOCK ACROBATI GYMNAsfics CLUB NOTFS TO THE FINANCIAL STATEMENTS- continu FOR THE YEAR ENDED31 AUGUST2024 MOVEMENT IN FUNDS- conti￿￿ed Comparntives for moverAeftt in futsds Net movement in funds Ai 3118123 At 119Q2 nTts¢ricted funds n¢ral fund 68,165 10.486 78.651 Restrltt¢d Restricted 31.476 368 31.844 TOTAL FUNDS 99.641 10,854 110.495 Comparative net movem¢nt in funds. included in the above ￿t L8 follows: Incoming r¢source5 Resources ¢xpended Movemeni in funds UTrrestriet¢d furyds G¢n¢Trl fund 129.757 (119.271) 10.486 R￿r*I¢d funds Restricted 4.653 (4285) 368 TOTAL FUNDS 134,410 (123,556) 10,854 A ¢UTr¢nt year 12 months and prior year 12 months combit)ed posiiion is &8 follows.. Net movem¢nl in fijnds At 3118r24 At 119r22 Unreslrirted funds General fund 68,165 70,569 Restricled fund$ Restricted 31.476 (27.145) 4.331 TOTAL FUNDS 99.641 (24,741) 74.￿0 Pagell oNinued.. KILMARNOCK ACROBATIC GYMNAsfics CLUB NOTES TO THE FINAJ¥CIAL STATEMENTS- tomti￿ll FOR THE YEAR ENDED31 AUGUST20 MOVEMENT IN FUNDS- contiM•ed A current year 12 months aThJ prior year 12 months ¢ombined net movement io funth, in¢luded in th¢ 4bov¢ are as follows.. Inc(wning Resources ¢xK*nded Movemeni in funds Unreslri¢t¢d T￿ndS General fund 267.105 (264.701) 2,404 Restrieted f•nd$ R¢siricted 13253 {40.398} (27.145) TOTAL FUNDS 280.358 (J05.099) 124.741) RELATED PARTY DISCLOSURES There were no related party tranw¢ion5 for th¢ year ended 31 August 2024. Page 12 KILMARNOCK ACROBATIC GYMNAsfics CLUB DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST2024 2024 2023 INCOME AND ENDOWMENTS Don*tlons •md l¢¥4cies Donations Gran¢$ Fe¢s Competitions Competition Irdvel & accornmoda tion 1.650 8.600 121.126 6.025 257 500 5258 105.437 6.559 945 137,658 118.699 Other trading activities Fundrnising ¢v¢nts Clothin8 and other sales Choreo£rdphy and l-l 5,161 2.899 9.691 4.995 855 8.060 15,541 Inve5trnent incoHyt Rents received 230 170 Total ineomin8 WOltr¢¢s 145.948 134.410 EXPENDITURE Other trnding activltles Plant and machinery 48.502 Ch4ril4ble activlti Wage5 Pensions Coaching Fees Rent, raies & insurance Heal light & cleaning Telephon¢ Postage and stationery Sundries Courses & training Memb¢rship Computer & software Comp¢tilion fees Clothing Travel & ￿0mm(￿lati 27,412 1.544 47.177 22,819 3.998 762 329 7216 4J70 884 223 6.542 6.698 1,738 20.008 460 45,843 21.624 5,527 683 694 6.166 2,509 160 390 &323 4,580 2.989 131,712 119,956 Support ¢0Sty Information teehnology Repairs Ènd renewals This page d￿S forni w of lh¢ smnrtory finan¢ial sw¢m¢n Page 13 KILMARNOCK ACROBATIC GymNA￿lCs CLUB DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EIYDED 31 AUGUST 2024 2024 2023 ITrfomatlon teelkTrology Governance eosts Accountan¢y and legal ftts 3.600 Tot￿ resources ex￿thd 181.543 123,556 Net (eXpe￿di*￿Teyi￿¢Qrnc (35,595) 10,854 This page does forni pan of the financial ststements Page 14