The Trustees present their annual report and financial statements for the year ended 31 March 2025.
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 charity's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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)".
The Association was established to promote the community participation in healthy sport (and recreation) for the health, benefit and community development of the inhabitants of Dundee City (and its surrounding communities) by the provision of premises and facilities for playing and participating in Mixed Marial Arts and associated health promoting activities.
The Association's principal activity is the provision of a range of weekly fitness and mixed martial arts classes that meet at the Wishart Church, Dundee.
The trustees have paid due regard to guidance issued by the OSCR in deciding what activities the charity should undertake.
During the year the Club provided:
Free cornering and coaching provided to all competition teams representing DMMA across different disciplines.
Free additional training sessions for DMMA members.
Subsidised Youth BJJ classes offered.
Subsidised BJJ seminars for all youth members.
Free self-protection seminar provided Abertay University, Dundee and Angus College, RGU Kickboxing Club and Aberdeen Women’s Running Club.
DMMA Youth Programme – (free training at adult sessions for committed youth members with written parental permission and suitable competencies until aged 16.). Currently 7 members – including 3 girls.
PVG disclosures renewed for core staff and trustees.
Grant funding secured to purchase new matted flooring to replace mats in main hall.
In addition:
Tatami BJJ Gis offered to all members at wholesale prices.
Free gradings and belts in BJJ for all members.
Seminars at cost for DMMA members.
Several free memberships given to established members struggling financially.
Membership referral from Dundee City Council
Income for the year was £32,635 (2024 - £35,002) which is mainly from fees, a couple of small donations and one grant. Expenditure was £37,157 (2024 - £39,347) which resulted in a deficit for the year of £4,522 (2024 - deficit £4,345). This was funded from reserves brought forward from previous year's and at 31 March 2025 the charity held funds of £3,213 (2024- £7,735).
The free reserves available to the trustees are the total unrestricted funds less the value of tangible assets. At the 31 March 2025, the free reserves held by the Association was £2,069(2024 - £6,210). This reserve is held to ensure the Association has sufficient funds available to meet its commitments as they fall due and , should income fall significantly, provide time to seek alternative sources of income.
The trustees are satisfied that the charity remains financially stable, with secure income streams and no material uncertainties that cast significant doubt on its ability to continue as a going concern for at least 12 months from the date of approval of these accounts. The financial statements have therefore been prepared on a going concern basis.
The charity do not have a specific reserve policy at the moment however are looking to set one in the future. In the meantime the trustees are committed to building unrestricted reserves to a level that will ensure that any significant drop in funding doesn't cause issues that would mean the charity could not continue to operate with the current activities whilst they seek additional funding elsewhere.
Future plans include the following:
Further free self-protection courses to be delivered to University Women’s groups and possibly others.
Renewal of First Aid training for coaches and PVG disclosures (Core staff already applied for).
Improvement of training facilities (Grant for new mats enroute and new sparring kit already in situ).
New merchandise to be ordered for sale to members to promote the club brand and boost cohesion and team bonding (New Muay Thai shorts already sold to members)
The charity is a company limited by guarantee and was set up by Memorandum and Articles of Association on 31 March 2008. Membership of the Association is open to all inhabitants of Dundee and its surrounding communities. The Association is managed by a voluntary committee of charity trustees (who are also the company directors) who are elected by the membership at the annual general meeting.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
As set out in the Memorandum and Articles of Association any person who wishes to become a member must sign, and lodge with the company a written application. The application is then considered at the next board meeting.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The Trustees report was approved by the Board of Trustees.
I report on the financial statements of the charity for the year ended 31 March 2025, which are set out on pages 5 to 14.
It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention.
My examination is 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking 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.
In the course of 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 Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and
to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006
have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Dundee Mixed Martial Arts Youth & Community Sports Association is a charitable company limited by guarantee incorporated in Scotland. The registered address is 61 King Street, Dundee, DD1 2JD.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity 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 charity. 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.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity 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.
The trustees have reviewed the charity's financial position, including it's level of reserves, cash balances and forecast income and expenditure for at least 12 months from the date of approval of these financial statements.
Based on their assessment, the trustees believe that the charity has sufficient resources to continue operating for the foreseeable future through exploring opportunities to increase revenue and reduce ongoing costs.
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.
Cash donations are recognised on receipt. Other donations are recognised once the charity 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.
Grants are included in the Statement of Financial Activities of a receivable basis. The balance of income received for specific purposes but not expended during the period would be shown in relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors are deferred income. Where entitlement occurs before income is received the income is accrued.
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.
Tangible fixed assets are capitalised if they have a value greater than £300 and can be used for more than one year. They are valued at cost or, if gifted, at their value upon receipt.
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:
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.
At each reporting end date, the charity 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).
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.
The charity 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 charity's balance sheet when the charity 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, 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, 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.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
In the application of the charity’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.
Tangible fixed assets are depreciated over a period to reflect their estimated useful lives. The applicability of the assumed lives is reviewed annually, taking into account factors such as physical condition, maintenance and obsolescence.
Fixed assets are also assessed as to whether there are indictors of impairment. This assessment involves consideration of the economic viability of the purpose for which the asset is used.
The average monthly number of employees during the year was:
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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 the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
There were no disclosable related party transactions during the year (2024 - none).