Charity Registration No. SC033083 (Scotland)
Company Registration No. SC144702 (Scotland)
AUCHTERARDER GYMNASTICS TRUST
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024
THE A9 PARTNERSHIP LIMITED
Chartered Accountants
57/59 High Street
Dunblane
FK15 0EE
AUCHTERARDER GYMNASTICS TRUST
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 16
The following pages do not form part of the statutory financial statements
Detailed statement of financial activities
18 - 19
AUCHTERARDER GYMNASTICS TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms F Cameron
Ms L MacKay
Ms M Gardner
Secretary
Ms F Cameron
Charity number (Scotland)
SC033083
Company number
SC144702
Registered office
57/59 High Street
Dunblane
Perthshire
Scotland
FK15 0EE
Independent examiner
Mr Grant Thomson CA
Abercorn School
Newton
Broxburn
West Lothian
EH52 6PZ
Bankers
Bank of Scotland
127 High Street
Auchterarder
Perthshire
PH3 1AA
AUCHTERARDER GYMNASTICS TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 JULY 2024
- 1 -

The Trustees present their report and accounts for the year ended 31 July 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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).

Objectives and activities

Auchterarder Gymnastics Trust is a charitable organisation. Our purposes as recorded in our constitution are the advancement of physical education and welfare of children and young adults (under 25 years of age) and those who have a disability in the Auchterarder area and surrounding district by the provision of facilities for the furtherance of health and fitness through gymnastic activities and training. We aim to:

 

Achievements and performance

Our 2023/24 gymnastics year has been filled with fantastic achievements, competitions, and development opportunities for our gymnasts and coaches. Here’s a look back at an exciting and successful season

 

Our competitive squad participated with great performances, and several gymnasts secured podium placings on apparatus. Eilidh qualified to represent Scotland at the British Finals in Stoke where she contributed to the Scotland team’s 2nd place overall and achieved an individual 4th place on vault.

 

Both our Men’s Artistic Gymnasts (MAG) and Women’s Artistic Gymnasts WAG teams competed successfully. Our MAG teams competed and won Scottish Individual and team champion titles.

 

Our younger gymnasts had their first major competition experience at an invitational in Aberdeen. Dundonald Floor & Vault was another successful competition with strong performances across the board. Our 4-piece gymnasts then competed at the Holly Jolly fun competition gaining valuable experience with lots of new skills. Eilidh competed at the 2024 Scottish Championships showcasing her development at a high level. We took a number of floor & vault gymnasts to Central’s competition gaining lots of experience and podium places.

 

Performance & Development Grades saw 6 gymnasts successfully achieve their performance grade with Eilidh qualifying to represent Scotland at the British Grades finals in Stoke. 14 gymnasts competed with successful results at the Development Grades and 14 participated in the Preparation Grades achieving excellent outcomes. We took 13 gymnasts to compete internationally at Ypres in Belgium, providing them with valuable experience.

 

We took 16 gymnasts to Scottish Gymnastics Gymfest in Ravenscraig Sports Centre where they performed their routine Saturday and Sunday. We entered the Perth & Kinross beginners’ competition which also gave our 6yrs and 7yrs gymnasts the opportunity to compete.

 

Emma, Ceara & Erin all passed their Level 1 coaching award. We ran 2 recreational summer camps which are always really good fun for all the gymnasts and coaches involved. Our squad gymnasts enjoyed a 3 day training camp in Largs.

 

With such a fantastic year behind us, we are looking forward to another year of growth, competitions and success. Thank you to all our gymnasts, coaches and supporters for making this an outstanding year!

AUCHTERARDER GYMNASTICS TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
Financial review

The trust reported a surplus of £13,676 during the year (2023: £2,210 deficit) which increased the year-end balance on totals funds to £463,804 (2023: £450,128).

 

Reserves Policy

The charity’s reserves at 31 July 2024 were £463,804 (2023: £450,128), including unrestricted reserves of £433,470 (2023: £401,475).

 

The Trust has Designated Reserves - those which the Trustees hold for specific purposes albeit the Trustees can re-designate if they deem appropriate.

 

The Designated Funds are:

 

 

The balance on these reserves at 31 July 2024 was:

 

 

The trustees have assessed the major risks to which the charitable company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

 

The charity continues to generate sufficient funds to meet its annual outgoings. This means that, generally, the charity does not have to draw on its reserves to meet revenue expenses.

Future Plans

The Trustees expect the Club to continue operating for the foreseeable future and the charity continues to hold a significant reserve fund.

 

The interest in gymnastics in our catchment area remains strong and the Club continues to operate a waiting list.

Structure, governance and management

Auchterarder Gymnastics Trust is a Scottish Charitable Company Limited by Guarantee. It was registered as ‘Auchterarder Gymnastics Club’ in June 1993, revised to its current name of ‘Auchterarder Gymnastics Trust’ in May 2002. It has a two-tier structure consisting of the Trustees and the Board of Management (the ‘Board’).

 

Trustees and members of the Board are appointed in accordance with the constitution, at the AGM each year.

 

The Board is responsible for the management of the charity. The quorum of the Board is two.

 

New members of the Board can be co-opted by the Board or appointed at the Annual General Meeting. Members of the Board are eligible for re-election at the Annual General Meeting.

AUCHTERARDER GYMNASTICS TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 3 -

The Trustees who served during the year and up to the date of signature of the financial statements were:

 

Chairperson         Joanne McKerchar

Head Coach         Fiona Cameron (Trustee)

Treasurer        Gillian Hunter

Club Secretary         Allyson Baird

General Member        Lesley Morby

General Member        Lisa Mackay (Trustee)

Safeguarding Officer    Allyson Baird

 

 

The Trustees' report was approved by the Board of Trustees.

 

 

Ms F Cameron
Trustee
Dated: 1 April 2025
AUCHTERARDER GYMNASTICS TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF AUCHTERARDER GYMNASTICS TRUST
- 4 -

I report on the financial statements of the charitable company for the year ended 31 July 2024, which are set out on pages 5 to 16.

Respective responsibilities of Trustees and examiner

The charitable company’s Trustees, who are also the directors of Auchterarder Gymnastics Trust for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the 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 financial statements.

Independent examiner's statement

In the course of my examination, no matter has come to my attention:

(a)
which gives me reasonable cause to believe that in any material respect the requirements:
(i)

to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

(ii)

to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;

have not been met or
(b)

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Mr Grant Thomson CA
ICAS
Abercorn School
Newton
Broxburn
West Lothian
EH52 6PZ
Dated: 1 April 2025
AUCHTERARDER GYMNASTICS TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
Unrestricted
Unrestricted
funds
funds
2024
2023
Notes
£
£
Income and endowments from:
Donations and legacies
3
217
1,328
Charitable activities
4
177,253
150,580
Other trading activities
5
3,981
2,083
Other income
6
-
5,700
Total income
181,451
159,691
Expenditure on:
Raising funds
7
209
615
Charitable activities
8
167,566
161,286
Total expenditure
167,775
161,901
Net income/(expenditure) and movement in funds
13,676
(2,210)
Reconciliation of funds:
Fund balances at 1 August 2023
450,128
452,338
Fund balances at 31 July 2024
463,804
450,128

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

AUCHTERARDER GYMNASTICS TRUST
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 6 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
13
58,385
78,740
Current assets
Stocks
14
1,745
1,665
Debtors
15
4,141
1
Cash at bank and in hand
409,572
376,529
415,458
378,195
Creditors: amounts falling due within one year
16
(10,039)
(6,807)
Net current assets
405,419
371,388
Total assets less current liabilities
463,804
450,128
Income funds
Unrestricted funds
Designated funds
18
30,334
48,653
General unrestricted funds
433,470
401,475
463,804
450,128
463,804
450,128

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 26 March 2025
Ms F  Cameron
Trustee
Company Registration No. SC144702
AUCHTERARDER GYMNASTICS TRUST
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 7 -
1
Accounting policies
Charity information

Auchterarder Gymnastics Trust is a private company limited by guarantee incorporated in Scotland. The registered office is 57/59 High Street, Dunblane, Perthshire, FK15 0EE, Scotland.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charitable company's Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charitable company is a Public Benefit Entity as defined by FRS 102.

 

The charitable company has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
AUCHTERARDER GYMNASTICS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 8 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property
5% straight line
Equipment
20% straight line/ 25% reducing balance
Fixtures and fittings
20% straight line/ 15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

AUCHTERARDER GYMNASTICS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 9 -
1.10
Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

AUCHTERARDER GYMNASTICS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 10 -
2
Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Donations and legacies
Unrestricted
Total
funds
2024
2023
£
£
Donations and gifts
217
1,328
4
Charitable activities
2024
2023
£
£

Fees received

177,043
146,065
Charitable rental income
210
4,515
177,253
150,580
5
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£

Clothing and kit sales

1,315
2,030

Funds raised

2,666
53
Other trading activities
3,981
2,083
AUCHTERARDER GYMNASTICS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 11 -
6
Other income
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Net gain on disposal of tangible fixed assets
-
5,700
7

Raising funds

Unrestricted
Total
funds
2024
2023
£
£
Fundraising and publicity
Advertising
291
-
Trading costs
Operating charity shops
(82)
615
209
615
AUCHTERARDER GYMNASTICS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 12 -
8
Charitable activities
2024
2023
£
£
Staff costs
73,830
57,561
Depreciation and impairment
29,217
29,245

Purchases of clothing

1,920
2,539

Rent and insurance

2,300
2,708

Light and heat

-
1,667

Repairs, maintenance and cleaning

2,282
1,370

Telephone

701
451

Miscellaneous expenses

3,311
3,843

Transport and accommodation

1,652
5,090

Coaching and camps fees and expenses

38,534
49,081

Printing, stationery and promotions costs

378
1,317

Competition fees

10,375
3,059

Accountancy fees

789
1,078
165,289
159,009
Share of governance costs (see note 10)
2,277
2,277
167,566
161,286
9
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
29,216
29,245
Loss/(profit) on disposal of tangible fixed assets
-
(5,700)
10
Support costs
Support costs
Governance costs
2024
2023
£
£
£
£

Independent examiner's fees

-
2,277
2,277
2,277
-
2,277
2,277
2,277
Analysed between
Charitable activities
-
2,277
2,277
2,277
AUCHTERARDER GYMNASTICS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 13 -
11
Trustees

One trustee received a salary of £32,499.96 (2023: £28,028.04) for her role as Head Coach and not in respect of trustee's duties. And employer pension contributions amounting to £787.80 (2022: £653.64).

None of the Trustees (or any persons connected with them) received any expenses for their role as trustees from the charitable company during the year.

12
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Trustee
1
1
Staff
2
3
Total
3
4
Employment costs
2024
2023
£
£
Wages and salaries
71,622
56,644
Social security costs
1,047
-
Other pension costs
1,161
917
73,830
57,561
There were no employees whose annual remuneration was more than £60,000.
AUCHTERARDER GYMNASTICS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 14 -
13
Tangible fixed assets
Leasehold property
Equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 August 2023
316,597
204,108
4,866
525,571
Additions
-
8,860
-
8,860
At 31 July 2024
316,597
212,968
4,866
534,431
Depreciation and impairment
At 1 August 2023
290,214
152,093
4,523
446,830
Depreciation charged in the year
15,830
13,335
51
29,216
At 31 July 2024
306,044
165,428
4,574
476,046
Carrying amount
At 31 July 2024
10,553
47,540
292
58,385
At 31 July 2023
26,383
52,015
342
78,740
14
Stocks
2024
2023
£
£
Stock of gymnasts clothing
1,745
1,665
15
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,140
-
Prepayments and accrued income
1
1
4,141
1
16
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
927
839
Trade creditors
3,129
1,651
Other creditors
3,640
1,975
Accruals and deferred income
2,343
2,342
10,039
6,807
AUCHTERARDER GYMNASTICS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 15 -
17
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
1,161
917

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

18
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 August 2023
Incoming resources
Resources expended
At 31 July 2024
£
£
£
£
Hall fund
30,539
-
(18,319)
12,220
Swimming pool fund
18,114
-
-
18,114
General funds
401,475
181,451
(149,456)
433,470
450,128
181,451
(167,775)
463,804
Previous year:
At 1 August 2022
Incoming resources
Resources expended
At 31 July 2023
£
£
£
£
Hall fund
48,858
-
(18,319)
30,539
Swimming pool fund
18,114
-
-
18,114
General funds
385,366
159,691
(143,582)
401,475
452,338
159,691
(161,901)
450,128
19
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

AUCHTERARDER GYMNASTICS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 16 -
20
Analysis of net assets between funds
Unrestricted
funds
2024
£
At 31 July 2024:
Tangible assets
58,385
Current assets/(liabilities)
405,419
463,804
Unrestricted
funds
2023
£
At 31 July 2023:
Tangible assets
78,740
Current assets/(liabilities)
371,388
450,128
AUCHTERARDER GYMNASTICS TRUST
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 JULY 2024
- 17 -
The following pages do not form part of the statutory financial statements which are the subject of the independent examiner's report.
AUCHTERARDER GYMNASTICS TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2024
- 18 -
2024
2023
£
£
INCOMING RESOURCES
Donations and Legacies
Donations
217
1,328
217
1,328
Income from Charitable Activities
Fees received
177,043
146,065
Gym rental
210
4,515
177,253
150,580
Other Incoming Resources
Clothing/Kit sales
1,315
2,030
Fundraising
2,666
53
UF Gain on disposal of tangible fixed assets
-
5,700
3,981
7,783
TOTAL INCOMING RESOURCES
181,451
159,691
AUCHTERARDER GYMNASTICS TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2024
2024
2023
- 19 -
OUTGOING RESOURCES
Costs of Raising Funds
UF Advertising
291
-
Movement in shop stock
(82)
615
209
615
Charitable Expenditure
Trustees' salaries
32,500
28,028
Wages and salaries
39,122
28,616
Employer's NIC
1,047
-
Pension costs defined contribution
1,161
917
Depreciation
29,217
29,245
Purchase of gymnasts clothing
1,920
2,539
Rent and insurance
2,300
2,708
Light and heat
-
1,667
Repairs, maintenance and cleaning
2,282
1,370
Telephone
701
451
Miscellaneous expenses
3,311
3,843
Transport and accommodation
1,652
5,090
Coaching and camps fees and expenses
38,534
49,081
Printing, stationery and promotions costs
378
1,317
Competition fees
10,375
3,059
Accountancy fees
789
1,078
Independent examiner's fee
2,277
2,277
167,566
161,286
TOTAL OUTGOING RESOURCES
167,775
161,901
NET MOVEMENT IN FUNDS
13,676
(2,210)
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