West Dunbartonshire Gymnastics Club Scottlsh Charlty: SC050947 Trustees, Annual Report Receipts & Payments Accounts For the year ended 31 December 2024 Pa8ell
Wt Dunbartonshlre Gymnastlcs Club TRUSTEES, ANNUAL REPORT and RECEivfs & PAYMENTS ACCOUNTS For the year •nd•d 31 Dtt•mb•r 2024 SC050947 CONTENTS PAGE Trustees, Annual Report Independent Examlnerfs Report Statement of Recelpts & Payments Statement of Balances Notes to the Accounts Pa8e12
West Dunbartonshlro Gymnastlcs Club TRUSTEES, ANNUAL REPORT and RECEIPTS & PAYMENTS ACCOUNTS For the year ended 31 December 2024 SC050947 The trustees present thelr annual report and flnanclal staiement5 for the year ended 31 December 2024, along wlth the Independent examlnerfs report. West Dunbartonshlre Gymna5tlcs Club Is a charlty re8lstered with the Offlce of the Scottish Charlty Regulator (OSCR), charlty number SC050947. TYy5tees The Tiustees who seNed durlnu the year and were In offlce at the yearond of 310ecember 2024 structure, Governance and Mana8ement The Charity is governed by its con5tltution, Membership is open to parents and guardlans Ihvln8 In West Dunbartonshlre and surrounding areas. The management of the Charlty Is vested In the managernent commlttee, menibers of whlch are elected by the mernbijrshlp at the annual general meeting. Oblectlves and Actlvltles The objectives of the charlty are. To provkle high quallty affordable gymnJ5tlcs classes for famllles IlvlnB In West Dunbartonshlre and Surroundlng area5. The advancement of PLiblic partlcipatlon In sport. The provlslon of recreatlonal facllltle5, OT the or8anlsatlon of rècreatlonal actlvltles, wlth the obhect of Improvln8 the condltlons of Ilfe for the persons for whom the facilitie5 or actlvltles are prlm3rlly Intended. A¢hlevernents and Performanco The club provlded nastIc5 classes to over 120 members and contlnued to provlde trainlng for our coaches and younB volunteers includln8 that requlred to meet Scottlsl) and Britlsh Gymnastlcs requlrements. A very successful year for the club. The club contlnued to deliver a varled programme of recreatlonal and competltlve sessions face to face to our members. We also fully tesumed Ihe competltlon calendar and brought medals and trophle5 back and shared our 5uccei 5 wlth our members and wlder communlty. Pa8e13
W•st Ounbartonshlrn Gymn•rtlcs aub TRUSTEES, ANNUAL REPORT and RECEIPTS & PAYMENTS ACCOUNTS For the y••r •nd•d 31 Decemb•r 2024 SCOSOY7 We had 12 4-plece gymnasts who competed thls year acr$ 2 •nd 4-plece apparatus. Four 8ymna5ts passed grades at development, Indudlng one Bymnast becomlng 2012008 a8e group champlon. One 8yrnn*st passed preparatlon 2 and flve gymnasts passed preparatlon l. We also had 212-plece gymnasts who competed In floor and vault, brbngln8 back some medals and Jud8es awards. For some of the gymnasts It was thelr flrst tlme competln8. Two of our lon8-term competltlve 8ymnasts made transltlon to UKCC Lovel I coach•s thls year too. The appolntment of 2 Trustees was dealt wlth Yla a reuultment campal8n. St•tem•nt of Rlsk The mana8ement commlttee has a55essed the m8lor rlsks to whlch the charlty Is exposed, In p•rtlcular those related to the operatlons and flnances of the charlty and are sat15fled that the syst•ms are In place to mltlgate the exposura to malor rlsks. 8ruc•hlll Artmty C•ntr• As of November 2024, we 518ned a lease wlth West Dunbartonshlr• Councll to toke over the runnln8 of our tralnlng faclllty IBrucehlll Artlvlty Centre), Although we W•fe reluctant to do thls the Councll gave u5 no optlon as the alternltlve would have been for the venue to cl• resultln8 In nowhere to traln and no club. As a g¢>odwlll gesture the Councll have 8lven us the Ilrst 2 years rent free but we now have to cover all of the runnlng Costs whlch Include heat Ind Ilght, water rat•s, ¢aretaker/cleaner, 8larm, statutory safety checks and any repalrs and malntenjnce. We estlmate that annual Incremental costs wlll be somewhere In th• r•8lon of £15-£20k. In addltlon, from yelr 3, we wlll be charged •n annu•l lease fee of £14k. goln8 UP to £17k the year after. Whlle we do currently have healthy reseThes (see below) these have been earmarked for new/replacement equlpment and wlll qulckly be used up by the Increase In operatln8 COSts. In order to fund the deflclt, we wlll be rtrv151tln8 our curr•nt fee rates and settlng substantlal fundralslng tsr8ets ••ch year. We are also actlvely lookln8 for Brant fundln8 OPPOrtunltles. Due to the cost-of- Ilvln8 crlsls, we are aware that members cannot afford for thelr fees to keep r151n8 so we wlll do all we can to keep any Increase to a mlnlmum. We also want to be able to keep all of our pro8r•ms runnln8- young volunteer, dlsablllty and scholarshlp. We have been actlvely 5earchln8 for alternatlve tralnln8 venues as another potentlal optlon however there Is nothln8 on the market that comes close to what we need and so the Trustees and Commlttee are commllted to maklng thls work. Fln&nd•l Revl•w For the perlod to 31 D•cemb•r 2024 a totsl of £81,089 w•$ ralsed, th• rnalorlty of whlch was from fee Income and annu41 membership Incom•. A numb•r of fundralsln8 Ktlvltl•s w•r• carrl•d out whlch ralsed £4,847. No grant fundlng w•$ recelved In the p•rlod. Total payments •mounted to £78,077 resultln8 In • surplus of £3,012. A5 at 31 December 2024 the ch8rlty held total reservrf of £78,631. Of these reserves £60.611 has been allocated to a des18nated fund lor newlreplacement equlpment and any necessary bulldlng r•palrs and malntenance that may arlse. The equlpment Includ•s replacement of current sprun8 floor. competltlon vault, s•t of A bars, sprlngboard. •lr track and crash mats. Pa8e14
West DunbDrtonshlre Gymnasi1 Club TRUSTEES, ANNUAL REPORT and RECEIPTS & PAYMENTS ACCOUNTS For the year ended 31 December 2024 SCO50947 In the vlew of the m?na8ement committee. the charity has sufficlent unrestrlcted reserves to continue to operate for the foreseeable future. Approved by the Trustees and s18ned on thelr behalf by Pa8e15
West Dunbartonshlre Gymnastlcs Club TRUSTEES, ANNUAL REPORT and RECEIPTS & PAYMENTS ACCOUNTS For th• ye•f ended 31 D•cember 2024 SC050947 INOEPENDENT EXAMINERS REPORT I report on the accounts of West Dunbartonshire Gymnastlcs Club (SC050947) for the year endln8 31 December 2024 whlch are set out on pages 7-10, Respectlve respon51bllltles of the Trustees and Exarnlner The charlt¢s Trustees are responslble for the preparatlon of accounts In accordance wlth the terms of the Charltle5 and Trustee Investment (Scotland) Act 2005 and Charltles Accounls Iscotland) Regulatlons 2006 as amended In 2010. The charity Tfustees consider that the audlt requlremeni of Re8ulatlon 10{l) Id) of the Accounts Regulations does not apply, It Is my responslblllty to examine the account5 as requlred under settlon 44(11 (c) of the Act and to State whether partlcular matters have come to my aitention. Basls of Independent ExJmlnerfs St•ternent My examlnation Is carrled out in accordance wlth Re8ulaiion 11 of the Charltles Accounts (Scotland) Regulatlons 2006. An examinatlon Includes a revlew of the accountln8 record5 kept by the charlty and a compar150n of the accouiits presented In those records. It also Includes the consideratlon of any unusual Items or dlsclosures In the accounts, and seeks explanatlons from the Trustees concernlng such matters. The procedure5 undertaken do not provlde all the evldence that would be requlred In an audlt, and consequently I do not express an audlt opinlon on the view 8lven by the account5, Indep¢ndent £mIne<S St•tement In the course of my examlnation, no maller has come to my atlentlon: whlch Bives me reasonable cause to belleve that In any materlal respect the requirements: to keep accountlng records In accordance with Sectlon 44(1}(a) of the 2005 Act and Regulatlon 4 of the 21)06 Accounts Regulations, and to prepare accounts whlch accord with the accountln8 records and comply wlth Regulation 9 of the 2006 Accounts Re8ulatlons Have not been met, or 2, to whlch, In my oplnlon, attentlon should be drawn In order to enable a proper understandlng of the accoun15 to be reached. Pa8e16
West Dunbartonshlre Gyfflnastlcs Club TRUSTEES, ANNUAL REPORT and RECEIPTS & PAYMENTS ACCOUNTS For the year •nded 31 D•cemb•r 2024 5C050947 STATEMENT OF RECEIPTS & PAYMENTS (110112024- 3111212024) Total Funds PY Unrestrlcted Restrlcted Funds Funds Total Funds Notes Rec•lpts Fee5 and Subscrlptlons Competltlon Fees Grant5 Fundralsln8 Actlvltles Merchandlse Bank Interest Other Income Total Recelpts 66.851 3,293 66,851 3,293 70,6 4,639 4,847 1,248 610 4,240 81,089 4.847 1,248 610 4,240 81,089 3,698 2,076 255 81,268 Payments Chorltable Actlvltles Coaches Club Coordlnator Venue Expenses Merchandlse Equlpment Coach Educatlonnralnlng Scottlsh/Britlsh Gymnastlcs Competitlon Fees Fundralslng and Events Insurance IT Costs Other Expenses Total P•yments 36,767 10,290 12,071 2,931 I,W3 1,887 881 4,517 724 672 705 5,628 78,077 36,767 10,290 12.071 2,931 I.IY)3 1.887 881 4,517 724 672 705 5,628 78,077 10,030 12,013 4,324 1,646 1,526 814 4,883 1,319 672 782 2,950 81,363 10 11 46 Surplus/(D•flclt) tor the p•rlod 3,012 3,012 Page17
W¢st Dunbartonshlro Gymnastlcs Club TRUSTEES. ANNUAL REPORT and RECEIPTS & PAYMENTS ACCOUNTS For the yeai ended 31 December 2024 SC050947 STATEMENT OF ULANCES Unrestrlcted Restrlcted Deslgnated Funds Funds Funds Total Funds Notes 12 8onk and Cash In Hand Openlng Balance Surplus/(Defltlt) for the year Tr3nsfer to Deslgnated Funds: Closing Balances 35,619 3,012 -20,611 18,020 40,000 75.619 3,012 20,611 60,611 78,631 Assets 13 Currant Assets WD Leisure Income IDecember 2024) Merchandlse Income from Pafenls 570 1,517 570 1,517 Current Uabllltles Faclllty Ll8ht & Heat (Estlmate) Independent Examlnatlon 1,500 90 90 These accounts were approve¢l by the Trustee5 and sl8ned on thelr behalf by: Page18
W•st Dunbartonshlr• Gymna51 Ics Club TRUSTEES, ANNUAL REPORT and RECEIPTS & PAYMENTS ACCOUNTS For the year ended 31 Drfember 2024 SC050947 NOTESTO THE ACCOUNTS l. Fees and Subsulptlons An amount of £66,851 was ralsed durlng Ihe 12-month perlod from class fees and annual membershlp fees. Thls Is down on prevlous year as, due to the cost of Ilvln8 cr1515, some gymnasts are takln8 fewer classe5. Correspondlng coachlng costs are down (note 7). 2. Competltlon Fees Income and Expenses The Club was able to attend a number of competltlons thls year, Competltlon fee Income from gymnasts amounted to £3,293 wlth correspondinB expense5 of £4.517. Expendltufe Is hl8her than Income as we are char8ed a non-Jud8lng fee as we don't supply any Judges. We wlll start to recover thls fee durlng 2025 by Includin8 a Judgln8 levy on top of the competltion fee. 3. Grants Recelvable No grants were receNed durln8 the perlod. 4. Fundra151n8 Artlvltl•s The Club ralsed £4,847 from fundralsln8 actlvltles Includln8 an annu31 awards nl8ht, a club competltlon, a bag pack and blithday partles with assoclated expenses of £724 lexcludlng coaches tlme). Thls Is the second year of h05tin8 blrthday partle5 whlch have been very successful and contrlbuted £1,270. S. Bank Intef•%t At the end of 2023 we created a deslgnated fund artd moved thls Incoine Into an Interest-bearln8 bank account wlth Vlr8ln Monpy. We recefved £610 In Interest durln8 ihe year. 6. Other Income Thls Income relaies to £2,CO) for an asset sale (pommel horse) and £2,240 for a Club trlp for 36 mnasts to the Inverclyde Sports centre. The related costs of the trlp are shown In note 11 below. 7. Coaches A total of £36,787 was spent on coachln8 expenses during the perlod. The Club currently has 11 pald coache5 and 8 volunteers. 8. V•nu• Exp•ns•s These Include rent from WD Lcisure up untll we took over the lease plvs costs now assoclated wlth runnln8 the venue ourselves (cleanln8 wa8es etc). Pa8e19
West Dunbartonshlr• Gymn•stlcs aub TRUSTEES, ANNUAL REPORT and RECEIPTS & PAYMENTS ACCOUNTS For the year ended 31 Oecember 2024 SC050947 9. Scottish/Brltlsh Gymnastlcs Costs of £881 relate to payments to Scottlsh and Bfltlsh Gymnastlcs fof membershlp, PVG'S, safe8uardln8, coaches, Insurance and course fees for coaches. 10. Insuran The annual equlpment Insurance costs for the club were pald In March 2024. 11. Other Exp•nses Other Expenses of £5,643 are made up as follows; nse de Trl Surve Inverc Bulldln 2,019 Telephone Stl e processln Fees Statlonery & PrlntlnL Inde .xndent Examlnatlon Amazon Prlme Foodbank Donaiion Coaches and Volunteer Glfts Other M15cellaneous Total 407 105 154 80 95 129 389 370 The Bulldlng Survey was undertaken on the Brucehlll Actlvlty Centre prlor to us slgnlng the lease as we wanted to fully understand the state of the bulldin8 and futufe poientlal repalrs and malntenance. The Mort8aBe Appllcatlon was carrled out as a bulldln8 came up for sale whlch could have been potential alternatlve tralnln8 venue. Whlle we weren't successful In securlng the bulldln8 the appllcatlon process was worthwhlle to establlsh the arnount of money we could ralse, 12. 8•nk •nd Cash In H•nd The c1051ng balance as at 31 December 202415 £78,631 of whlch £60,611 has been allocated by the Commlttee to a desl8nated fund for equlpment (new and replacement} and also for any repairs and malntenance costs whlch may arlse as a result of takln8 on the lease of the faclllty. 13. Assets Whlle the club do not have a speclflc flxed asset feglster, they do own a lar8e amount of gymnastks equlpment. Thls equlpment has been Insured lor a value of £101,700. Pa8e 110