HM Hall Morrice Charlered Accounlon15 LEEMAC CLINIC REGISTERED COMPANY NO: SC196326 REGISTERED CHARITY NO: SC028990 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
LEEMAC CLINIC LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms E M McKay J G McRae l McRae L Brown Charity Number SC028990 Company Number SC196326 Principal Address and Registered Office Mill of Cosh Girnoc Ballater Aberdeenshir8 United Kingdom AB35 SSS Indep6ndènt Examiner Hall Morrice LLP Chartered Accountants 6 & 7 Queens Terrace Aberdeen AB10 1XL
LEEMAC CLINIC CONTENTS Pa Trustees, Report Independent Examiner's Report Statement of Financial Activities Balancè Sheet Notes to the Accounts
LEEMAC CLINIC TRUSTEES, REPORT INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The trustees submit their report and financial statements for the year ended 31 August 2025. The financial statements have been prepared in accordance with the accounling policles set out in Nole 1 to the financial statements and comply with the charity's Memorandum and Articles of Associalion. the Companies Act 2006, The Charilies and Trustees Investment (Scotland) Act 2005, the Charities Accounts (Scotlandl 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 20191" OBJECTIVES AND ACTIVITIES The charity's objectives are.. a) To preserve and protect the good health and to relieve the sickness and distress to the general public through the use of holistic and complementary medicine generally but in particular through psycho-physical counselling and treatment therapies. b) To advance the education of the public in all aspect of complementary medicine and health care with the object of presetving and protecting public health. The trustees have paid due regard to guidance issued by the OSCR in deciding what activities the charity should undertake. SIGNIFICANT ACTIVITIES The principal activity of the company in the year under review was that of the promotion of health and welfare of people, and the advanment in educalion of people in the use of psycho-physical counselling and treatment therapies. ACHIEVEMENTS AND PERFORMANCE Charitable activities During the year the trustees continued in Iheir efforts lo try and secure funding for the setting up of a Clinic, but with little success. The 202412025 Trustees Meeting in July 2025 reported that.. Talks are ongoing with the London architect as he is still working to find a developer for the Clinic. As the Clinic building design plans are in place it means that when an investor is found the work can start knowing what the end product will look like. The charity continues to look for another medical professor who sees the Clinic's potential and will support it going forward. Thanks from Ms E M McKay to the trustees for their constant inspiration and for sharing the hope of finding an investor to share the vision of the Clinic becoming a reality in the beauty of the Cairngomis National Park. Flnanclal revlew and reserves pollcy The company sustained a deficit of £1,179 (2024.. £2,007) for Ihe year and has a reserves deficit of £72,323 {2024'. £71,144). The funds are in deficit as a result in a lack of donations in previous years when the expenses have been met by trustee, Ms E M McKay. Ms E M McKay has agreed to continue to support the charity lo cover expenditures to keep the charity going especially as other forms of fund raising have not been possible. The trustees have assessed the major risk to which the charity is exposed, and are satisfied Ihal systems are in Pla to mitigate exposure to the major risks.
LEEMAC CLINIC TRUSTEES, REPORT INLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 CONTINUED STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Leemac Clinic is a company limited by guarantee governed by its Memorandum and Articles of Association and recognised as a charity by the Office of the Scottish Charity Regulator in accordance with the provisions of The Charities and Trustee Investment IScolland} Act 2005. In accordance with the Memorandum of Association. every member is liable to contribute a sum of £1 in the event of the company being wound up while they are a member or within one year after they cease to be 8 member. The company was granted charitable status in May 1999. Organisation structure A board of trustees administers the charity. The trustees, who are also the directors for the purpose of company law, and who served during the period and up to Ihe date of signature of the financial statements were.. Ms E M McKay J G McRae l McRae L Brown The maximum number and minimum number respectively ofthe tru8lees may be determined from time to time by ordinary resolution. There is currently no maximum number of trustees and the minimum number of trustees shall be two. Induction and training of new trustees Individuals are invited by the board to coMe trustees and are selected on Ihe basis of their commitment to achieving the objectives of the Trust. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees, who are also the directors of Leemac Clinic for the purpose of company law, are responsible for preparing the Trustees, Report and the financial slatements 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 charitable company 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 judgement and eslimates that are reasonable and prudent., and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
LEEMAC CLINIC TRUSTEES, REPORT INLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 CONTINUED The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial posilion of the charitable company and enable them to ensure that the financial statements comply with Ihe Companies Act 2006, the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Account5 (Scotlandl Regulations 2006 las amended). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevents'on and detection of fraud and olher irregularities. The trustees have prepared this report in accordance with the Statement of Recommended Pr8cIi 'Accounting and Reporting by Charities, and in accordance wilh the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The trustees, report was approved by the Board of T fees. E McKay Trustee 27 August 2026
LEEMAC CLINIC INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEEMAC CLINIC I report on the financial statements of the charity for the year ended 31 August 2025, which are set out on pages 5 to 9. Respective Responsibilities of Trustees and Examiner The charity's trustees, who are also the directors of Leemac Clinic for Ihe purposes of company law, are responsible for the preparation of the financial statements in accordan with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 {as amended}. The trustees consider that the audit requirement of Regulation 10{1) (al to (cl of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44{1) Ic) 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 2008 Accounts Regulalions. An examination includes a review of the accounting records kept by the charily and a comparison of the financial statemenls 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 I do not express an audit opinion on the view given by the accounts. Independent Examlner's Statement In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requirements: to keep aG¢ounting records in accordan with Section 44(1) la) of Ihe 2005 Act and Regulalion 4 of the 2006 Accounts Regulations. and to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations. to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Robert J C Bain On behalf of Hall Morrice LLP Chartered Accountants 27 August 2026
LEEMAC CLINIC STATEMENT OF FINANCIAL ACTIVITIES {Incor oratin an INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted Funds Total Year ended 31.08.24 Incomo and endowments from: 200 Donations and legacies (Note 2) £ 240 Expenditure On: Charitable activities (Note 3} Net movements in funds (2,007) 69 137) £(71,144) (1,179) Fund balances at 1 September 2024 Fund balances at 31 August 2025 £{72,323) The statement of financial activities includes all gains 2nd losses recognised in the year. All income and expenditure derive from continuing activities. The slalement of financial activities also complies with the requirements for an in¢ome and expenditure account under the Companies Act 2006.
LEEMAC CLINIC BALANCE SHEET AS AT 31 AUGUST 2025 2024 2025 Fixed assets Tangible fixed assets (Note 6) Current assets 281 Cash at bank and in hand 71 Creditors 71425} (71 144} £(71,144} Amounts falling due within one year (Note 7) Net current ITabilities 72 394) 72 323) £(72,323) Net liabilities Reserves £(71,144} Unrestricted funds £(72,323) The trustees confirm that the company was entitled to exemption from the requirement to have an audit underlhe provisions ofsection 477{1} ofthe Companies Act 2006 and that the members have not required the company to obtain an audit for the year in accordance with section 476(11 of that Act. The trustees acknowledge their responsibility to ensure that the company keeps accounting records in accordance with section 386 and to prepare accounts which give a Irue and fair view of the stale of affairs of the company as al the end of the financial year and of its results for that financial year in accordance with section 394 and which otherwise comply with the Companies Act 2006 as far as applicable to the company. These financial statements have been prepared in accordance with the special provisions applicable to ¢ompanies subject to the small companies, regime. The financial statements were authorised by the Trustees on 27106126 E McKa Trustee 27 August 2026 Company Registrat¢on No. SC196326
LEEMAC CLINIC NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 Accounting poll¢les 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Articles of Association, the Charities and Trustee Investment {Scotlandl Acl 2005, the Charities Accounts (Scotlandl Regulations 2006 las amended) and "Accounting and Reporting by Charities.. Statement of Recommended practi 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}" The charity is a Public Benefit Entity as defined by FRS 102. The charity constitutes a public benefit entity as defined by FRS 102. The financial stalements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statement are round to the nearest £. 1.2 Golng concern The company sustained a defi¢it of £1,029 (2024.. of £2,007) for the year and has a reserves deficit 01 £72,173 12024.. £71,144). Ms E M McKay, as director, and the trustees have confirmed their continued support ofthe company. 1.3 Charitable funds General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 1.4 Income 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 condilions 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 othenNise if the charity has been notified of an impending distribution, the amount is known, and reIpt is expected. If the amount is not knows, the legacy is treated as a contingent asset. 1.5 Resources expended Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to Ihat expenditure, is it probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measure reliably. Expenditure is accounted for on an annual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost valuation, net of depreciation and any impairment losses. 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 basis.. Computers 330k on cost 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 assel, and is recognised in net incomel(expenditure} for the year.
LEEMAC CLINIC NOTES TO THE FINANCIAL STATEMENTS CONTINUED YEAR ENDED 31 AUGUST 2025 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 or three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Taxation The charity is exempt from corporation tax on its charitable activities. 1.9 Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. 1.10 Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their seltlement amount. 1.11 Value added tax The charity is not VAT registered and as a result all VAT on expenditure is irreGoverab16, therefore it is included in the relevant expense of assets cost as appropriate. Donations and legacies Unrestricted Funds 2025 Unrestricted funds 2024 Donations and gifts 240 200 Charitable actlvltles Postage, stationery and advertising expenses Motor and travel expenses AGcounlanGy and legal fees 534 633 529 890 1,419 2,207 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the Gharity during the year. Independent examiner's remuneration The independent examiner's remuneration constituted an independent exam fee of £900 {2024 £1,000}.
LEEMAC CLINIC NOTES TO THE FINANCIAL STATEMENTS CONTINUED YEAR ENDED 31 AUGUST 2025 Tangible fixed assets Computers Cost At 1 September 2024 and 31 August 2025 Depreclatlon and Impalrment At 1 September 2024 and 31 August 2025 Carrying amount At 31 August 2025 At 31 August 2024 Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income Other creditors 900 1,000 72,394 71,425 Net liabilities All Net liabilities relate to Ihe Unrestricled funds. Related party transactlons The following amounts were outstanding and included within creditors at the reporting end date.. Amounts owed to related parties 2025 2024 Ms E M McKay 71,494 70,425 The above trustees, loan is interest free and has no fixed terms of repayment.