2025-06-30-accounts

Company registration number SC051857

GANNOCHY SPORTS PAVILION (PERTH) LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

GANNOCHY SPORTS PAVILION (PERTH) LTD

LEGAL AND ADMINISTRATIVE INFORMATION

|Trustees|Mr D
|Armstrong|| |---|---|---| ||MrAW Brown|| ||Mr
MACummins|| ||Mr R L Lindsay|| ||Mr J McLaughlin|| ||MrA Ritchie|| ||Mr J Calder|| ||MrJ Hill|(Appointed 31 March 2025)| ||MrM Crawford|(Appointed 31 March 2025)| |Secretary|MrA Ritchie|| |Charity number (Scotland)|$C014104|| |Company number|SC051857|| |Registered office|14 Fernhill Road|| ||Perth|| ||PH2 7BE|| |Independent examiner|Neil Morrison CA|| ||Azets Audit Services|| ||5 Whitefriars Crescent|| ||Perth|| ||United Kingdom|| ||PH2 OPA|| |Investment advisors|Barclays Wealth|| ||155 St Vincent Street|| ||Glasgow|| ||G2 5NN|| ||UnitedKingdom||

GANNOCHY SPORTS PAVILION (PERTH) LTD

CONTENTS

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Page
Trustees’ report 1-2
Statement of trustees’ responsibilities 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7-13
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GANNOCHY SPORTS PAVILION (PERTH) LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 JUNE 2025

The trustees present their annual report and financial statements for the year ended 30 June 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 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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

Objectives and aims

As detailed in the Memorandum of Association, the objects for which the company was established was to provide in the interests of social welfare recreational facilities and leisure time occupation for members of the public, with the object of improving the conditions of life for the inhabitants of the City and Royal Burgh of Perth being the persons for whom the facilities are primarily but not wholly intended and in so far as consistent with these purposes:

• to build and operate a sports pavilion, club house and others within the limits for the City and Royal Burgh of Perth;

• to co-operate with any Government Department, corporation, association or person within the United Kingdom concerned with indoor or outdoor sports and generally to encourage said sports;

• to engage and employ such persons as may be required for the efficient operation of the said sports pavilion, club house and others and instructors in the various sports to be carried on in or in connection therewith;

• to stimulate interest in all aspects of indoor and outdoor sports and generally to engage in such other activities as are incidental or conducive to the attainment of the aforesaid objects;

• to do all such other things as are incidental or conducive to the attainment of the above objects or any of them.

The trustees have paid due regard to guidance issued by the Office of the Scottish Charity Regulator in deciding what activities the charity should undertake.

Achievements and performance

Charitable activities

The company has continued to promote rugby and cricket development in the local community by funding rugby and cricket development and coaching. These contributions have encouraged both junior and senior members of the community to play rugby and cricket in Perth.

Financial review

Reserves policy

The Executive Committee's policy is to hold sufficient unrestricted reserves to generate income to meet the established level of grant support given to Perthshire Community Rugby Trust and Perth Doocot Cricket Club. Restricted reserves are held at a level sufficient to meet the resources likely to be expended in the following year.

Investment policy and objective

The Executive Committee has intimated to the Investment Advisers that the portfolio must generate annual income of £8,000 thereafter portfolio growth and this is currently being achieved.

Future plans

The Executive Committee intends to continue the current operations while always being aware of the need for capital expenditure in the future.

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GANNOCHY SPORTS PAVILION (PERTH) LTD

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Structure, governance and management

Charitable status

Gannochy Sports Pavilion (Perth) Limited is a charitable company limited by guarantee, incorporated on 21 November 1972. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The company is registered as a charity in Scotland.

Executive committee

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: Mr D | Armstrong Mr A W Brown Mr MA Cummins Mr G A Ferguson (Resigned 31 March 2025) MrA Garnett (Resigned 31 March 2025) Mr M Jackson (Resigned 31 March 2025) Mr R L Lindsay Mr F J McGaffney (Resigned 31 March 2025) Mr J McLaughlin Mr A Ritchie Mr J Calder Mr J Hill (Appointed 31 March 2025) Mr M Crawford (Appointed 31 March 2025)

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.

As set out in the Articles of Association, the Executive Committee, who are the trustees of the charity, are appointed by ordinary resolution of the members or by resolution of the trustees. They are not required to serve fixed terms or to retire by rotation. The Executive Committee comprises at least three trustees. Overall policy is determined by the Executive Committee, with day-to-day operations being the responsibility of the Company Secretary.

The Trustees consider that they comprise the key management personnel of the Charity, in charge of directing and controlling, running and operating the charity on a day to day basis.

All Trustees give of their time freely and received no remuneration in the year. Details of their expenses are disclosed in note 8 to the accounts.

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

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Mr A Ritchie Trustee Dated: 17 March 2026

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GANNOCHY SPORTS PAVILION (PERTH) LTD

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 30 JUNE 2025

The trustees, who are also the directors of Gannochy Sports Pavilion (Perth) Ltd for the purpose of company law, are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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GANNOCHY SPORTS PAVILION (PERTH) LTD

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF GANNOCHY SPORTS PAVILION (PERTH) LTD

| report on the financial statements of the charity for the year ended 30 June 2025, which are set out on pages 5 to 13.

Respective responsibilities of trustees and examiner

The charity's trustees, who are also the directors of Gannochy Sports Pavilion (Perth) Ltd 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 | do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

| understand that this has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

In connection with 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.

Neil Morrison CA Azets Audit Services

5 Whitefriars Crescent Perth

PH2 OPA

United Kingdom

Dated: 30 March 2026

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GANNOCHY SPORTS PAVILION (PERTH) LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025

		Unrestricted	Restricted	Total	Total
		funds	funds
		2025	2025	2025	2024
	Notes	£	£	£	£
Income from:
Investments	3	11,156	-	11,156	10,470
Expenditure on:
Raising funds	4	1,078	-	1,078	1,021
Charitable activities	5	8,000	-	8,000	8,000
Other	10	1,840	-	1,840	1,640
Total resources expended		10,918	-	10,918	10,661
Net gains/(losses) on investments	11	821	-	821	28,587
Net movement in funds		1,059	-	1,059	28,396
Fund balances at 1 July 2024		356,238	10	356,248	327,852
Fundbalancesat30June2025		357,297	10	357,307	356,248

The statement of financial activities includes all gains and losses recognised in the year.

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

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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GANNOCHY SPORTS PAVILION (PERTH) LTD

BALANCE SHEET AS AT 30 JUNE 2025

		2025		2024
	Notes	£	£	£	£
Fixed assets
Investments	13		357,731		356,855
Current assets
Cash at bank and in hand		1,526		1,178
Creditors: amounts falling due within
oneyear	14	(1,950)		(1,785)
Net current liabilities			(424)		(607)
Total assets less current liabilities			357,307		356,248
Income funds
Restricted funds	15		10		10
Unrestricted funds			357,297		356,238
			357,307		356,248

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.

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 17 March 2026

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Oa. (ok.
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Mr A Ritchie Trustee

Company Registration No. SC051857

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GANNOCHY SPORTS PAVILION (PERTH) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

• 1 Accounting policies

Charity information

Gannochy Sports Pavilion (Perth) Ltd is a private company limited by guarantee incorporated in Scotland. The registered office is 14 Fernhill Road, Perth, PH2 7BE.

• 1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum 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)” (as amended for accounting periods commencing from 1 January 2016). 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 applying FRS 102 Update Bulletin 1 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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 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.

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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

• 1.4 Incoming resources

Income is recognised when the charity 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 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.

Legacies are recognised on receipt or otherwise if the charity 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.

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GANNOCHY SPORTS PAVILION (PERTH) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

• 1 Accounting policies

(Continued)

• 1.5 Resources expended

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 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

• 1.7 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.

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 charity’s contractual obligations expire or are discharged or cancelled.

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GANNOCHY SPORTS PAVILION (PERTH) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

2 Critical accounting estimates and judgements

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.

3 Investments

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||||||| |---|---|---|---|---|---| |Unrestricted|Total| |funds| |general| |2025|2024| |£|£| |Income|from|listed|investments|11,117|10,414| |Interest|receivable|39|56| |11,156|10,470| |4|Raising|funds| |Unrestricted|Total| |funds| |general| |2025|2024| |£|£| |Investment|management|1,078|1,021| |1,078|1,021|

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5 Charitable activities

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|||||||||| |---|---|---|---|---|---|---|---|---| |Charitable|Charitable| |activities|activities| |2025|2024| |£|£| |Grant|funding|of|activities|(see|note|6)|8,000|8,000|

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GANNOCHY SPORTS PAVILION (PERTH) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

6 Grants payable

		Charitable	Charitable
		activities	activities
		2025	2024
		£	£
	Grants to institutions:
	Rugby development	4,000	4,000
	Youth cricket	4,000	4,000
		8,000	8,000
7	Net movement in funds	2025	2024
		£	£
	The net movement in funds is stated after charging/(crediting):
	Fees payable for the independent examination ofthe charity's financial
	statements	-	;

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. None of the trustees (2024 - none) were reimbursed for charitable expenditure paid on behaif of the charity.

9 Employees

The average monthly number of employees during the year was:

	2025	2024
	Number	Number
Total	-	-

During the year, the key management personnel composed of the Trustees. The total employee benefits of the key management personnel of the charitable company were £nil (2023 - Enil).

There were no employees whose annual remuneration was more than £60,000 (2023: £nil).

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GANNOCHY SPORTS PAVILION (PERTH) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

10 Other

			Unrestricted	Unrestricted
			funds	funds
			general	general
			2025	2024
Accountancy	and	IE	1,840	1,640
			1,840	1,640

11. Gains and losses on investments

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
Gains/(losses) arising on:	£	£
Revaluation of investments	1,635	28,528
Gain/loss of investments	(814)	59
	821	28,587

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Fixed asset investments

	Listed
	investments
	£
Cost or valuation
At 1 July 2024	356,855
Additions	9,982
Valuation changes	1,635
Disposals	(10,741)
At 30 June 2025	357,731
Carrying amount
At 30 June 2025	357,731
At30June2024	356,855

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GANNOCHY SPORTS PAVILION (PERTH) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

14 Creditors: amounts falling due within one year

				2025	2024
				£	£
Accruals	and	deferred	income	1,950	1,785

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

	Ati July 2024	At30 June
		2025
	£	£
	10	10
Previous year:	At1 July 2023	At30 June
		2024
	£	£
Rugbydevelopmentfund	10	10

Rugby Development Fund

The Rugby Development Fund exists to support capital projects.

16 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 July 2024	Incoming	Resources	Gains and	At 30 June
		resources	expended	losses	2025
	£	£	£	£	£
General funds	356,238	11,156	(10,918)	821	357,297
Previous year:	At 1 July 2023	Incoming	Resources	Gains and	At 30 June
		resources	expended	losses	2024
	£	£	£	£	£
Generalfunds	327,842	10,470	(10,661)	28,587	356,238

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GANNOCHY SPORTS PAVILION (PERTH) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

17 Analysis of net assets between funds

Analysis of net assets between funds
	Unrestricted	Restricted	Total	Total
	2025	2025	2025	2024
	£	£	£	£
Fund balances at 30 June 2025 are
represented by:
Investments	357,731	-	357,731	356,855
Current assets/(liabilities)	(424)	-	(424)	(607)
	357,307	-	357,307	356,248

18 Related party transactions

During the year, the charity made the following donations:

(i) the sum of £4,000 was given for Junior Youth Development activities to Perth Doocot Cricket Club, a club in which the trustee J Calder is an office bearer and the trustrees M Crawford, J Hill and J Calder are all committe members.

(ii) the sum of £4,000 for rugby development was given to Perthshire Community Rugby Trust. The trustee R L Lindsay is a trustee of the trust.

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