Orkney Gymnastics Club
Latest income
£175k
Latest spending
£147k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity generated a deficit of £21,051 for the year, primarily due to a £23,432 deposit for new equipment, though a running surplus of £2,381 was achieved excluding this item. The trustees report that reserves of £33,988 are in excess of their three-month policy target of circa £25,000. However, the filing notes upcoming financial pressures from hosting the Islands Games and developing a purpose-built facility, indicating a likelihood of fee increases to maintain sustainability.
What the accounts disclose
Going concern: doubt noted
“Overall the club is in a healthy financial position. However, with planned large scale cost involved with hosting the Islands Games and trying to develop a purpose built gymnasium we must be mindful of upcoming needs. With inflation of both coaching wages and general running costs over the coming year it is very likely that we will need to increase our fees in August to ensure we remain sustainable.” — page 4
Per FY2025 accounts as filed with OSCR.
Payments to trustees: One trustee receives a fixed salary of £744/month for admin services; trustee's employer invoiced £600 for payroll/pension services.
“trustee, is paid a fixed salary of £744 per month for the administration services she provides to Orkney Gymnastic Club.” — page 8
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Trustee paid salary for admin services
“trustee, is paid a fixed salary of £744 per month for the administration services she provides to Orkney Gymnastic Club. The remuneration is not in return for the work she carries out as a trustee, and is considered a cost of the charitable services provided.” — page 8
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Trustee's employer invoiced for payroll/pension services
“trustee, is paid a fixed salary of £744 per month for the administration services she provides to Orkney Gymnastic Club. The remuneration is not in return for the work she carries out as a trustee, and is considered a cost of the charitable services provided.” — page 8
Per FY2025 accounts as filed with OSCR.