LOCHEE BOYS & GIRLS CLUB Reglstered Scottish Charlty no. SC016531 FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2025 LOCHEE BOYS & GIRLS CLUB Registered Scottish Charity no. SC016531 Year ended 315t March 2025 Contents Page Legal and Administrative Information Trustees, Report Independent Examiners Report Statement of Financial Actlvities 2025 Statement of Financial Activities 2024 Balance Sheet 10 Notes to the Accounts 11-18 LOCHEE BOYS & GIRLS CLUB Registered Scottish Charity no. SC016531 LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES: SECRETARY: TREASURER: CHAIRMAN: REGISTERED 75 Craigard Road ADDRESS: Dund88 DD2 4PU BUSINESS ADDRESS 16 Wellbank Lane Loch86 Dundee DD2 3FN CHARITY NUMBER: SC016531 INDEPENDENT BK Plus EXAMINERS: 144 Nethergate Dundee DD14EB BANKERS: The Royal Bank of Scotland 3 High Stre8t Dundee DD19LY LOCHEE BOYS & GIRLS CLUB Registered Scottish Charity no. SC016531 THE TRUSTEES, REPORT 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 constitution, 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 & ACTIVITIES The aims and objectives of the club as per our constitution remain as follows: To establish and maintain a headquarters and to provide facilities for the promotion of the mental, spiritual, physical, and social wellbeing of the dub members. To Contact and endeavour to seek assistance from any persons, organisations, associations, or other bodies either statutory or voluntary, who are interested directly or indirectly with the welfare of young persons. To provide the club members opportunities for cooperation with other Glubs and organisations to enhance their experience and wellbeing, To affiliate and act as a link with similar organisations, associations, bodies, or persons that have similar objectives to the club or may for any reason come in to contact with the club, To collect any fees, donations and otherwise raise funds for the objectives set down in this constitution and for the general purpose of the club. To stimulate public interest in the work of the club, particularly within the locality in which the club is situated. To organise any trips for the club members. To promote competitions for and between club members. To take any further action which may be necessary for the general welfare of the young persons within the club whether the hold a membership of the club. ACHIEVEMENTS & PERFORMANCE With the continued growth of membership, the priority for the club was to pursue the ambitious plan to extend the premises. The club continued to operate and we participated in many community events over the year. We worked with Active Schools to deliver boxing to young children during the summer and easter holidays. Heather continues her work with Kingspark and St Johns High School. On 22. June 2024 we held an amazing Boxing Dinner Show at The Quay, City Quay Dundee. This was a sell-out event and the show was shortlisted for'show of the Year" at the JATV awards. LOCHEE BOYS & GIRLS CLUB Registered Scottish Charity no. SC016531 THE TRUSTEES, REPORT We also had nominations at these awards for Young Female boxer of the year (Jenna Dailly) and Volunteer of Ihe year (Heath8r Leadbetter). In Novemb8r 2024 w6 held our annual home show at the Logie Club and again this 801d out within 48 hours showing the excellent amazing support the club has locally. On Saturday 30th November we had a "Premlerf, at th6 DCA in Dundee of the short film He8rt of Lochee. This was a brilliant event to show the film and promote the club. It was very well altended and the feedback was amazing. This film was the launchpad to get information out there about the extension and why it is required. During the winter months the focus was on the exlension project and some testing was carried out to establish if this project was able to prO￿ed. In January 2025 we were given the green light to apply for planning and our archltects and management team worked hard to get new plans drawn up and submitted to planning by end of March 2025. Early in 2025 we saw more Scoltish Nation,41 been away with the National Team and GB in Wa18s later in 2025. Illes for has Lontinues lu iiiiprttss aiid ill on track to represent Overall, another year where membership has grown particularly in the juniorfs section with us having to deliver an additional session on a Thursday to meet the d8mand. We continue to make an impact locally and we are engaged in several community groups and initiatives, We have been working hard for the past few years to ensure we have suffi'cient resources and resillence to expand and now we have the task of trying to raise the capital for the project. Thls will be ongoing for the next 2 years to bring Ihis dr8amlproject to lif6 which will ensure the future of the Lochee Boys and Girls Club for many years to come. FINANCIAL REVIEW At the AGM the trustees and bi)ard of management reviewed our current fi'nanclal plan and some changes were made and put forward to the accountant. 11 was agreed that our designated building fund should increase to show £30,000. This fund is to ensure that we can add to any capital funding we may obtain to get an extension to the prernises to ensure our long-term future. The trustees have also requested that we rightly designated funds to support the development of those boxers who have committed themselves tc the club and to their sport. The designated development fund will be an initial amount of £5,000 which should be allocated and reviewed regularly to ensure those that require support have access to it. Polic on Reserves The trustees have also considered our reserve fund and policy. The reserve fund is there for emergencies unforeseen. Given recent history regarding Covid if a similar situation was to arise the club would still have financial commitmenls to meel. Having a reseN8 fund of LOCHEE BOYS & GIRLS CLUB Registered Scottish Charity no. SC016531 THE TRUSTEES, REPORT approximately £4000 equates to about 6 rnonths running costs should we have to close the club lo members of the public. Given that rnernbers fees are our main sourc8 of income this would be a justifiable amount to ensure insurances, maintenance, utilrties, and cleaning costs could still be met. Risk Mana ement The Trustees have assessed the major risks to which the charity is exposed and those related to the operations of finanGes for the charily. They are satisfied that systems are in place that miligate their exposure to major risk. The charity aGGounts are subject to indep8nd8nt examinatlon on an annual basis. Th8 charity is considering the option of becoming a SCIO which will assist in mitigating risk. STRUCTURE, GOVERNANCE & MANAGEMENT Lochee Boys and Glrls Club is a registered Charity, number SC016531, and is governed by its constitution. The Trustees who served during the year and up to the date of signature of the financial stat8n16nts were documented as Methods of appointment or election of Trustees The minimum number of Trustees in the Board of Management is Ihree and the maximum is nine. The power of appointing and removing Trustees rests with the Trustees. At each AGM, Ihe Trustees retire and are re-elected unless they or the Board of Trustees state o)Iherwise. The Trustees have considered a policy on induction and training prior to new Trustees being approached. This includes awareness of a Trustee's responsibilities, the goveming document, adtninislrative procedures, an(1 the history and philosophical approach of the Charity. A new Trustee receives copies of the previous year's financial statements, minutes of Trustee meetings and a copy of the OSCR leaflet Guidance for Charity Trustees - acting with care and diligence if appropriate. The Trustees. report was approved by Ihe Board of Trustees Le al and Administrative Information A full list of Trustees during the period under review is given on Page 1 of the finandal statements as well as other relevdnt legal and administrative infomiation. Trustees, Res onsibilities for Ihe Pre aration of Financ.ial St3tement8 The Trustees are required by law to prepare financial statements which give a true and fair view of the state of affairs of the Charity at the end of the financial year and of its results for the year. LOCHEE BOYS & GIRLS CLUB Registered Scottish Charity no. SC016531 THE TRUSTEES, REPORT In preparing those financial statements, the Trustees are required to Select sultable accounting policies and then apply them consistently", Observe the methods and principals in the Charities SORP", Mak8 judgements and estimates that are responsible and prudent- State whether applicable 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 Gharity will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charily and to enable th8m to ensure that the financial statemenls Comply with applicable Charity law. They have general responslbility for taking such steps as are reasonably open to them to safeguard the assets of the charity and tu prevent and detect fraud and other irregularities. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF LOCHEE BOYS & GIRLS CLUB I report on the accounts of the Charity for the year ended 31 sl March 2025 set out on pages 8 to 18. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER As described on page 4 the Charity's Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts {Scotland) Regulations 2006. The Charity 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 accounts 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 Charities Accounts (Scolland) Regulations 2006. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure in the accounts, and seeks explanations from 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 accounts, INDEPENDENT EXAMINER'S STATEMENT Your attention is drawn to the fact that the Charity has prepared accounts 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. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with G8nerally Accepted Accounting Principles effective for reporting periods beginning on or after 1 January 2015, In the course of my examination, no matter has come to my attention 1) which giv8s me reasonable cause to believe that in any material respect the requirements.. a) to keep accounting records in accordance with Section 44{1){a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations b) to prepare accounts which accord with the accounting records and comply with regulation 8 of the 2006 Accounts Regulations have not been met, or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF LOCHEE BOYS & GIRLS CLUB (Continued) BK Plus, Certified Chartered Accountants 144 Nelhergate Dundee DD14EB Date LOCHEE BOYS & GIRLS CLUB Registered Scottish Charity no. SC016531 STATEMENT OF FINANCIAL ACTIVITIES 2025 2025 2025 2025 Designated Designated General Restricted Unrestricted Unrestricted Unrestricted Funds Funds Funds Funds 2025 2024 Total Funds Total Funds Notes Incoming Resources Voluntary Income Investment Income (InterestlDividends> Income from Charitable Activities 3,507 1,000 2,420 654 6,927 654 10,456 604 38,887 38,887 21,369 Total Incoming Resources 3,507 1,000 41,961 46,468 32,429 Resources Expended Costs of Generating Funds: Charitable Activities 7,311 3,600 31,107 42,018 27.390 Total Resources Expended 7,311 3,600 31,107 42,018 27,390 Net incomingl(outgoing) resources before transfers (3,804) (2,600) 10,854 4,450 5,039 Gross Transfers Between Funds (396) 5,000 (4,604) Net Movement in Funds {4,200) 5,000 {2,600) 6,250 4,450 5,039 Total funds brought forward 421,290 25,000 5,000 12,826 464,116 459,077 Total funds carried forward 417,090 30,000 2,400 19,076 468,566 464,116 LOCHEE BOYS & GIRLS CLUB Registered Scottish Charity no. SC016531 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST MARCH 2024 2024 2024 2024 2024 Designated Designated General Restricted Unrestricted Unrestricted Unrestricted Funds Funds Funds Funds 2024 2023 Total Funds Total Funds Notes Incoming Resources Voluntary Income Investment Income (InterestlDividends) Income from Charitable Activities 8,276 2,180 604 10,456 604 3,255 208 21,369 21,369 19,306 Total Incorning Resources 8,276 24,153 32,429 22,769 Resources Expended Costs of Generating Funds.. Charitable Activities 4,772 22,618 27,390 20,492 Total Resources Expended 4,772 22,618 27,390 20,492 Net incomingl(outgoing) resources before transfers 3,504 1,535 5,039 2,277 Gross Transfers Between Funds 8,724 1,197 5,000 (14,921) Net Movement in Funds 12,228 1,197 5,000 (13,386) 5,039 2,277 Total funds brought fO￿ard 409.062 23,803 26,212 459,077 456,800 Total funds carried forward 421,290 25,000 5,000 12,826 464,116 459,077 -10- FOR THE YEAR TO 31 MARCH 2024 LOCHEE BOYS & GIRLS CLUB Registered Scottish Charity no. SC016531 BALANCE SHEET 2025 2024 Notes Fixed Assets Tangible Assets 419,560 420,290 Current Assets Debtors Cash Balances and Deposits 2.000 47,576 2,000 42,330 49,576 44,330 Gurrant Llabllltle8 Creditors Deferred Income (570) (504) (570) (504) Net Current Assetsl