West Dunbartonshire Gymnastics Club Scottlsh Charlty: SC050947 Trustees, Annual Report Receipts & Payments Accounts For the year ended 31 December 2024 Pa8ell W￿t 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 201￿2008 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