**REGISTERED CHARITY NUMBER: SC050279** ## REPORT OF THE TRUSTEES AND ## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ## FOR ## KILMARNOCK ACROBATIC GYMNASTICS CLUB Henry Brown & Co Chartered Accountants 26 Portland Road Kilmarnock Ayrshire KA1 2EB KILMARNOCK ACROBATIC GYMNASTICS CLUB ## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|4| |**Independent Examiner's Report**||5|| |**Statement of Financial Activities**||6|| |**Balance Sheet**||7|| |**Notes to the Financial Statements**|8|to|12| |**Detailed Statement of Financial Activities**|13|to|14| KILMARNOCK ACROBATIC GYMNASTICS CLUB ## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of 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). ## **Introduction from the Management Team** Kilmarnock Acrobatic Gymnastics Club (KAGC) has been operating for almost 40 years, providing an elite standard of gymnastics classes in East Ayrshire. We specialise in competitive Acrobatic gymnastics and recreational gymnastics but have recently extended what we offer the community by introducing additional classes such as toddler, preschool, development, display and tumble. The club has gone from strength to strength in the last 12 months. We are providing more classes for recreational gymnasts as well as working in collaboration with East Ayrshire Council/Active schools. This would not have been possible without the help and support from every single one of our members. Financially, we are in a strong position and have extended our membership due to the new facility we moved to in November 2024. Without our dedicated fundraising committee and the grants received the process of running our own premises would prove significantly more difficult. Thanks go to the many organisations who have provided KAGC with significant grants and funds. These include East Ayrshire Council, Scottish Gymnastics and Sports Scotland. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and Aims** Kilmarnock Acrobatic Gymnastics Club's principal objective is to advance public participation in sport, through the encouragement of and the provision of gymnastic opportunities predominantly, but not exclusively, for individuals from Kilmarnock and surrounding areas. KAGC has 40 years' experience of providing excellent gymnastics classes in East Ayrshire. From recreational classes to our gymnasts being selected for the Performance Pathway Programme and Development Pathway Programme, we cater for gymnasts of all abilities and all levels without prejudice or distinction of age, religion, race, culture, disability, gender, sexuality, or politics. Page 1 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## REPORT OF THE TRUSTEES ## FOR THE YEAR ENDED 31 AUGUST 2025 ## **ACHIEVEMENTS AND PERFORMANCE** ## **Performance & Key Achievements** The competition team has had a successful year achieving medals at the South Tyneside International Cup, FIG Scottish, NDP Tournament, Harry Miller, NDP Scottish, West of Scotland NDP British and Inter-regional Finals. Well done to all the gymnasts who participated and a particular thanks to the hard work and dedication shown by our club coaches. Our display team performed at Gymfest. ## **Key Outputs and Impact** We are now offering 27 classes per week, which cover recreational gymnastics, acro, acro development, display, pre-school and toddler. The demand for Recreational gymnastics classes is continually increasing and we have regularly increased the classes available. KAGC also hosted Holiday Camps during the Easter and Summer holidays. With the help of East Ayrshire council, we were able to offer a number of these free of charge to children in the area who otherwise may have struggled to access extra-curricular activities during the holidays. ## **Funding and Grants** **----- Start of picture text -----**
26/01/2024 East Ayrshire Council £8,600
08/01/2025 The National Lottery £6,000
13/03/2025 East Ayrshire Council £2,500
**----- End of picture text -----**
Our reliance on grant funding and Fundraising has been key this financial year. We would like to acknowledge and thank the following funders who supported us during this period: - East Ayrshire Active Schools Enhanced Sports Fund - Awards For All - The National Lottery - East Ayrshire Council - Vibrant Communities ## **Fundraising & Events** Total raised for fundraising and events in year was £19,201.35. ## **Corporate Donations & Sponsorship** We continue to benefit from the generosity of local businesses. |September 2024
December 2024|Wing Wah
TK Maxx|£250
£500| |---|---|---| |December 2024|Bank of Scotland|£500| |July 2025|Galtec Utilities Ltd|£300| |August 2025|William Duncan|£100| ## **FINANCIAL REVIEW** ## **Reserves policy** The charity aims to hold 6 months worth of operating costs. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Structure, Governance & Management** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Page 2 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## REPORT OF THE TRUSTEES ## FOR THE YEAR ENDED 31 AUGUST 2025 The structure of Kilmarnock Acrobatic Gymnastics Club is a Scottish Charitable Incorporated Organisation (SCIO) and consists of the Charity Trustees who are also the organisation's only members and comprise the organisation's Board. Kilmarnock Acrobatic Gymnastics Club is governed by its Constitution as dated 10th July 2020 and updated on 28th January 2021. New Directors of the Board (Trustees) can be proposed by any member of the Board or Management Team and are appointed if they receive a majority vote at a quorate board meeting. A normal term of office for a Trustee is two years, at the end of which the Trustee can either stand down or continue. The Board attends regular formal meetings, no less than four per year, as well as receiving adhoc informal updates. A Trustee can resign before their term of office has been completed. The role of the Trustees is a strategic operational one, with day-to-day coaching decisions delegated to the Management Team, which consists of two trustees and the Head Coach. The Board and Management Team form the key governance and management of the charity. Consultation is vital to all that is done at Kilmarnock Acrobatic Gymnastics Club. ## **Staff Training** We continue to broaden the skills and knowledge of our team to benefit the community we support. Fire Marshall: Kristine Lee and Suzanne Frame First Aid: Tiegan Smith, Amy Beggs, Sophie Anderson and Elaine Muir We have been able to support our team in the following qualifications: GAI Qualification: Kristine Lee & Lauren McClung Level 1 : Olivia Smith & Ailie Campbell Level 2 : Tiegan Smith & Sophie Anderson Safeguarding: Susan Muir Lauren McClung ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Registered Charity number** SC050279 ## **Principal address** Unit 2 Busbie Business Park Tannock Street Kilmarnock Ayrshire KA1 4DN ## **Trustees** Chairperson Elaine Muir Treasurer Kristine Lee (Resigned May 25) Leah Anderson (Commenced May 25) Secretary Lauren McClung (Resigned May 25) Emma Murray (Commenced May 25) Other Trustees Audrey Dayer Heather Hay (Resigned February 25) Page 3 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Independent Examiner** Henry Brown & Co Chartered Accountants 26 Portland Road Kilmarnock Ayrshire KA1 2EB Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ Ms L Anderson - Trustee Page 4 ## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KILMARNOCK ACROBATIC GYMNASTICS CLUB I report on the accounts for the year ended 31 August 2025 set out on pages six 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 - 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. Gregor D.B. Orr BAcc (Hons) CA The Institute of Chartered Accountants of Scotland Henry Brown & Co Chartered Accountants 26 Portland Road Kilmarnock Ayrshire KA1 2EB Date: ............................................. Page 5 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
165,789
Other trading activities
2
21,916
Investment income
3
60
**Total**
187,765
**EXPENDITURE ON**
Raising funds
1,484
**Charitable activities**
Charitable Activity
198,359
**Total**
199,843
**NET INCOME/(EXPENDITURE)**
(12,078)
**RECONCILIATION OF FUNDS**
Total funds brought forward
70,569
**TOTAL FUNDS CARRIED FORWARD**
58,491|Restricted
funds
£
8,500
-
-
8,500
-
12,831
12,831
(4,331)
4,331
-|2025
Total
funds
£
174,289
21,916
60
196,265
1,484
211,190
212,674
(16,409)
74,900
58,491|2024
Total
funds
£
137,658
8,060
230
145,948
48,502
133,041
181,543
(35,595)
110,495
74,900| |---|---|---|---| The notes form part of these financial statements Page 6 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## BALANCE SHEET ## 31 AUGUST 2025 |Unrestricted
Restricted
fund
funds
Notes
£
£
**CURRENT ASSETS**
Cash at bank
59,791
-
**CREDITORS**
Amounts falling due within one year
8
(1,300)
-
**NET CURRENT ASSETS**
58,491
-
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
58,491
-
**NET ASSETS**
58,491
-
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2025
Total
funds
£
59,791
(1,300)
58,491
58,491
58,491
58,491
-
58,491|2024
Total
funds
£
76,150
(1,250)
74,900
74,900
74,900
70,569
4,331
74,900| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. L Anderson - Trustee The notes form part of these financial statements Page 7 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ## **1. 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 Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention. ## **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. ## **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** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - at varying rates on cost ## **Taxation** The charity is exempt from tax on its charitable activities. ## **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. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 8 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025 ## **2. OTHER TRADING ACTIVITIES** |Fundraising events
Clothing and other sales
**INVESTMENT INCOME**
Rents received|2025
£
19,201
2,715
21,916
2025
£
60|2024
£
5,161
2,899
8,060
2024
£
230| |---|---|---| ## **3. INVESTMENT INCOME** ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024. ## **5. STAFF COSTS** The average monthly number of employees during the year was as follows: ## **6.** |Coaching Staff
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
129,058
Other trading activities
8,060
Investment income
230
**Total**
137,348
**EXPENDITURE ON**
Raising funds
19,821
**Charitable activities**
Charitable Activity
125,609
**Total**
145,430
**NET INCOME/(EXPENDITURE)**
(8,082)|2025
1
Restricted
funds
£
8,600
-
-
8,600
28,681
7,432
36,113
(27,513)|2024
-
Total
funds
£
137,658
8,060
230
145,948
48,502
133,041
181,543
(35,595)| |---|---|---| continued... Page 9 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025 |**6.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|| |---|---|---|---|---|---| |||Unrestricted||Restricted|Total| ||||fund|funds|funds| ||||£|£|£| ||**RECONCILIATION OF FUNDS**||||| ||Total funds brought forward||78,651|31,844|110,495| ||**TOTAL FUNDS CARRIED FORWARD**||70,569|4,331|74,900| |**7.**|**TANGIBLE FIXED ASSETS**||||| ||**COST**||||Plant and
machinery
£| ||At 1 September 2024 and 31 August 2025||||48,502| ||**DEPRECIATION**||||| ||At 1 September 2024 and 31 August 2025||||48,502| ||**NET BOOK VALUE**||||| ||At 31 August 2025||||-| ||At 31 August 2024||||-| |**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN**|**ONE YEAR**|||| ||Other creditors|||2025
£
1,300|2024
£
1,250| |**9.**|**MOVEMENT IN FUNDS**||||| ||**Unrestricted funds**|At 1/9/24
£||Net
movement
in funds
£|At
31/8/25
£| ||General fund||70,569|(12,078)|58,491| ||**Restricted funds**||||| ||East Ayrshire Active Schools Enhanced||||| ||Sports Fund||4,331|(4,331)|-| ||**TOTAL FUNDS**||74,900|(16,409)|58,491| ||||||| continued... Page 10 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025 ## **9. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |Incoming
resources
£
**Unrestricted funds**
General fund
187,765
**Restricted funds**
East Ayrshire Active Schools Enhanced
Sports Fund
-
East Ayrshire Council - Vibrant
Communities
2,500
National Lottery - Awards for All
6,000
8,500
**TOTAL FUNDS**
196,265
**Comparatives for movement in funds**
At 1/9/23
£
**Unrestricted funds**
General fund
78,651
**Restricted funds**
East Ayrshire Active Schools Enhanced
Sports Fund
31,844
**TOTAL FUNDS**
110,495
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
137,348
**Restricted funds**
East Ayrshire Active Schools Enhanced
Sports Fund
8,600
**TOTAL FUNDS**
145,948|Resources
Movement
expended
in funds
£
£
(199,843)
(12,078)
(4,331)
(4,331)
(2,500)
-
(6,000)
-
(12,831)
(4,331)
(212,674)
(16,409)
Net
movement
At
in funds
31/8/24
£
£
(8,082)
70,569
(27,513)
4,331
(35,595)
74,900
Resources
Movement
expended
in funds
£
£
(145,430)
(8,082)
(36,113)
(27,513)
(181,543)
(35,595)| |---|---| continued... Page 11 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025 ## **9. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1/9/23|in funds|31/8/25| ||£|£|£| |**Unrestricted funds**|||| |General fund|78,651|(20,160)|58,491| |**Restricted funds**|||| |East Ayrshire Active Schools Enhanced|||| |Sports Fund|31,844|(31,844)|-| |**TOTAL FUNDS**|110,495|(52,004)|58,491| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
East Ayrshire Active Schools Enhanced
Sports Fund
East Ayrshire Council - Vibrant
Communities
National Lottery - Awards for All
**TOTAL FUNDS**|Incoming
resources
£
325,113
8,600
2,500
6,000
17,100
342,213|Resources
Movement
expended
in funds
£
£
(345,273)
(20,160)
(40,444)
(31,844)
(2,500)
-
(6,000)
-
(48,944)
(31,844)
(394,217)
(52,004)| |---|---|---| ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2025. Page 12 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
Fees
Competitions
Competition travel & accommoda tion
**Other trading activities**
Fundraising events
Clothing and other sales
**Investment income**
Rents received
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Plant and machinery
**Charitable activities**
Wages
Pensions
Coaching Fees
Rent, rates & insurance
Heat, light & cleaning
Telephone
Postage and stationery
Sundries
Courses & training
Membership
Computer & software
Competition fees
Clothing
Travel & accommodation
**Support costs**
**Information technology**
Repairs and renewals|2025
£
1,660
8,500
152,596
11,533
-
174,289
19,201
2,715
21,916
60
196,265
-
18,755
438
64,767
28,928
8,198
981
1,868
8,842
5,396
1,311
468
14,588
4,450
3,627
162,617
46,651|2024
£
1,650
8,600
121,126
6,025
257
137,658
5,161
2,899
8,060
230
145,948
48,502
27,412
1,544
47,177
22,819
3,998
762
329
7,216
4,370
884
223
6,542
6,698
1,738
131,712
685| |---|---|---| This page does not form part of the statutory financial statements Page 13 KILMARNOCK ACROBATIC GYMNASTICS CLUB ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES ## FOR THE YEAR ENDED 31 AUGUST 2025 |**Information technology**
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net expenditure**|2025
£
3,406
212,674
(16,409)|2024
£
644
181,543
(35,595)| |---|---|---| This page does not form part of the statutory financial statements Page 14