Hamilton Gymnastics Club
Latest income
£710k
Latest spending
£786k
Accounts read
FY2025
Form
SCIO (Scottish Charitable Incorporated Organisation)
Financial health, per FY2025 accounts
The accounts state that the charity incurred a net expenditure of £75,574 for the year, resulting in a decrease in unrestricted funds to £477,601. The trustees consider this balance sufficient to continue activities and support expansion plans, with a reserves policy targeting three months of unrestricted expenditure. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Payments to trustees: Two trustees received payments for coaching services (salaries, social security, pension).
“During the year two trustees received payments in respect of coaching services to the charity.” — page 18
Per FY2025 accounts as filed with OSCR.
Related-party transaction: W Lucas is a member of Hamilton Sports Council there were no transactions in the current or prior year.
“W Lucas is a member of Hamilton Sports Council there were no transactions in the current or prior year.” — page 23
Per FY2025 accounts as filed with OSCR.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with OSCR.
Reserves policy: three months unrestricted expenditure (held: £478k)
“It is the policy of the charity to build up unrestricted funds equated to approximately 3 months unrestricted expenditure to provide enough resources to meet ongoing projects and closure costs if required.”
Per FY2025 accounts as filed with OSCR.
Independent examiner: McDaid & Partners
Per FY2025 accounts as filed with OSCR.