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← Killearn Community Futures Company

2025-07-31-accounts

Registered Company No: SC 253299

Registered Charity No: SC 035472

KILLEARN COMMUNITY FUTURES COMPANY

REPORT & ACCOUNTS

31 JULY 2025

‘

KILLEARN COMMUNITY FUTURES COMPANY

Table of Contents

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KILLEARN COMMUNITY FUTURES COMPANY

COMPANY INFORMATION

Directors

Graeme Fraser - Convenor Robert Ballantyne - Treasurer Fiona Rennie - Vice-Convenor and Admin. Secretary Ronnie Hayton Nick Hawkins Elizabeth Jones - Killearn Community Council Representative James Ptolomey - Killearn Trust Representative

Euan Shaw Peter Smith Jan Thompson Peter Wilks

Secretary

lain Somerville

Registered Office

Killearn Village Hall, 5 Balfron Rd, Killearn, Glasgow, G63 SNL

Registered Company Number

SC 253299

Registered Charity Number

SC 035472

Bankers

Bank of Scotland Cambridge & Counties Bank

Page 3 of 14

KILLEARN COMMUNITY FUTURES COMPANY

DIRECTOR'S REPORT

The Directors submit their report and accounts for the year ended 31 July 2025.

Statement of Directors’ Responsibilities

The Directors are responsible for preparing accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice, for each financial year, which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing those accounts, the Directors are required to

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

Structure, Governance and Management

The company is a charitable company limited by guarantee and is governed by its Memorandum and Articles of Association and UK Company Law and Scottish Charity laws and regulations.

The Directors are recruited by seeking appropriately experienced volunteers amongst the membership. Appointed Directors have to be formally approved at the first Annual General Meeting following their appointment.

The management of the company is carried out entirely by the Directors. Since the 2024 Annual General Meeting, the Directors have met on 4 occasions and considered the reports of the working groups and the finances of each working group and of the company.

The following Directors served throughout the financial year under review: Graeme Fraser Robert Ballantyne Fiona Rennie Ronnie Hayton Nick Hawkins Elizabeth Jones — Killearn Community Council Representative James Ptolomey- Killearn Trust Representative Euan Shaw Peter Smith Peter Wilks AdditionallyJanThompson was appointed as a director on 22 October 2024.

Objectives

The objectives of the Company are:

Page 4 of 14

KILLEARN COMMUNITY FUTURES COMPANY

ACHIEVEMENTS AND PERFORMANCE

it’s been a busy year — KCFC has a new website - https://www.kcfc.co.uk — a new brighter design and we hope provides easier access to information about the activities and opportunities within the community.

Throughout the year KCFC has provided extensive support for the preparation of the Local Place Plan. The community has been widely consulted, and the responses have been reflected in the soon to be finalised document. The community engagement which is at the core of what is the founding principal of KCFC is also reflected in the obvious desire of Killearn residents to maintain planning structures which will protect the core features of the village as we know it.

The reports of all our working groups reveal an ongoing enthusiasm for their respective activities and each in its own way truly makes Killearn a better place.

The annual fireworks event — organised by the Fireworks Group is truly a community event — bringing together a huge local/family audience for a short but always very memorable display.

The Heritage Group organised a very successful Wildlife Weekend which was particularly successful in engaging the younger generation and the website https://killearnheritage.org.uk/habitats/ continues to grow to help provide more information about local fauna and animal life.

The Warm Space initiative and Village Tea Party organised by the Village Hall, once again brought people from the other end of the age spectrum together which they obviously very much enjoy and thanks go out to our funders including the Co-op and the Communities Mental Health and Wellbeing Fund.

The Village Hall utilisation levels continue to prove the importance of this facility in providing a venue for so many different forms of engagement, whether of a physical nature or for more purely social reasons. The 200 anniversary of the construction of the hall will be in 2026 and a project to enhance the facilities is being assessed in order to mark this important milestone in an appropriate and exciting manner.

We are very grateful for the support of all our working groups and Killearn is always brightened up by the colourful Killearn tubs which bring a burst of colour at many corners and positions around the village. Thanks too to the new Paths Group which has upgraded the core path through the Ibert Wood making it easier for walkers to make their way through to Ibert Road from the village.

Whilst there is much to celebrate- it is disappointing to see the suspension of work on the plans for link paths to Balfron and the new Ballagan Woods development. This is due to changes to the administration of the funding structure at a local government level.

We look forward to being able to continue to support all our enthusiastic volunteers in their various endeavours and thank them all for the time they so willingly spend making Killearn the truly special place that we all know it to be.

Graeme Fraser and Fiona Rennie Convenor KCFC and Vice — convenor

Financial Review

The results for the year showa net deficit of £16,269 (2024 Deficit £20,509).

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KILLEARN COMMUNITY FUTURES COMPANY

The Village Hall Development had a deficit of £10,071 being the difference between the depreciation charge on the building and contents of £35,697 and the release of EU grant funding award of £25,626 — the rate of depreciation on the building and release of EU grant funding is similar at 2% per annum.

The Village Hall Operational account showed a deficit of £9,788.

The bank balances at the end of the financial year totalled £94,535 (2024 £92,175) and total funds are £341,940 (2024: £358,208).

Details of the financial transactions of all projects active during the financial year are shown on page 12.

Reserves Policy

The directors believe the level of reserves as shown is required principally to protect loss of income from the wedding market and unexpected costs related to the buildings.

Risk Management

The Directors have not carried out a formal risk assessment. However, they have considered the major risks to which The Company is exposed, in particular, those related to the operations and finances of the company, and are satisfied that systems are in place to mitigate exposure to the major risks.This report has been prepared in accordance with the Charities Accounts (Scotland) Regulations 2006 and the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

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ON BEHALF OF THE BOAR . )
Graeme Fraser Z AQ un “/~ sat Director
2\St October 2025
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KILLEARN COMMUNITY FUTURES COMPANY

INCOME & EXPENDITURE ACCOUNT AND STATEMENT OF FINANCIAL ACTIVITIES

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |Unrestricted|Restricted|Total|Total| |Funds|Funds|Funds|Funds| |£|£|£|£| |Income| |Voluntary Income| |Donations & Sponsorship|3,931|3,931|16,602| |Grants|500|29,132|29,632|100,801| |Membership|Subscriptions|240|240|176| |Taxation|Recovered|236|936|340| |4,307|29,132|34,038|117,889| |Charitable|Activities| |Publications|370|370|-| |Events|10,907|10,907|8,629| |Advertising|12,660|42,660|7,300| |Hall and|Other|Income|10.784|10,784|49|702| |G4|721|-|94|724|65,631| |Total|99.628|29,132|128,760|183.520| |Expenditure| |Charitable|Activities| |Projecis|4,056|4,385|5,441|53,631| |Events|8,759|8,759|6,226| |Publicity|3,561|3,561|-| |Printing|4,420|4,420|4,912| |Professional|Fees|-|=|‘s| |Insurance|5,363|5,363|4316| |Other Costs|1,632|4,632|4,029| |Operational Costs|60,160|2,603|62,763|81,282| |Donations|Made|3,550|3,550|2,000| |Management and Admin|13,843|13,843|10,959| |Depreciation|-|35.697|35.697|36,174| |105,344|39.685|145,029|204,029| |of which|capitalised|-| |Total|105,344|39,685|145.029|204,029| |Net Income|(5,716)|(10,553)|(16,269)|(20,509)| |Funds brought forward|84,015|274,194|358,209|378,f17| |Funds carried forward|78,299|263,641|341,940|358,208|

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Page 7 of 14

KILLEARN COMMUNITY FUTURES COMPANY

BALANCE SHEET AT 31 JULY

2025 2024
£ £
FixedAssets Cost Depr WDV
Village Hall 1,583,918 410,910 1,173,008 1,173,008 1,204,686
Furniture,Fixtures & Fittings 144,950 110,002 34,948 34,948 38,830
Audio/ITEquipment 17,241 16,832 409 409 546
Note 5 1,208,365 1,244,062
CurrentAssets
Cash atbank 94,535 92,175
Debtors Note 6 27,271 23,761
Total CurrentAssets 121,806 115,936
Creditors falling due within oneyear year Note7 40,086 28,019
NetCurrentAssets 81,720 87,917
TotalAssets less Current Liabilities 1,290,085 1,331,979
Accruals& Deferred Income Note 8 948,145 973,771
NetAssets 341,940 358,208
Funds Note 9
Restricted 263,641 274,194
Unrestricted 78,299 84,014
341,940 358,208

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025. The members have not required the charitable company to obtain an audit of its financial statement for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

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Robert Ballantyne . Director
Graeme S35 .
Fraser DCm, i Ja Director
Page 8 of 14
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KILLEARN COMMUNITY FUTURES COMPANY

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

  1. Status The Company is limited by guarantee and does not have a share capital. The Registrar of Companies has authorised the Company to dispense with the word "Limited". The Company is not liable to taxation by virtue of its charitable status.

  2. Accounting Policies a) Basis of Preparation

The financial statements of the charity ,which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) “ 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 2015)”, with the exception of the treatment of major capital grants as detailed below, Financial Reporting Standard 102 “ The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Charities and Trustees Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.

The trustees have reviewed the charity’s operating costs for the next twelve months, and the sources of funds available, and are satisfied that the charity is a going concern.

Donations are included in the financial period in which they become receivable. Grants received in connection with the village hall development have been treated as deferred income and are credited to the Statement of Financial Activities over the expected useful life of the asset. This is a departure from the requirements of the Statement of Recommended Practice for Charity Accounts.

The Directors are of the opinion that in the case of major capital grants such as the grants received to fund the refurbishment of the village hall, the grant must be spread over the life of the asset, in the same way as the annual depreciation charge is, adhering to the fundamental accounting principle of matching income to corresponding expenses.

Although the income recognition rules within the SORP may be suitable for grants to cover revenue expenditure, the directors feel that they are not suitable for major capital grants of this nature, and that the deferral method is necessary in order for the financial statements to showa true and fair view as required by the Companies Act.

c) Tangible Fixed Assets Depreciation is provided at the following annual rates to write off each asset over its estimated useful life: Buildings - 2% on cost Furniture, Fixtures & Fittings - 10% on reducing balance Audio & IT Equipment - 25% on reducing balance

e) Cash at Bank and in Hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the account. Page 9 of 14

KILLEARN COMMUNITY FUTURES COMPANY

f) Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. Directors Remuneration

No remuneration or expenses were paid to any directors in respect of their management ofthe Company.

  1. Employees

The Company had no employees during the financial period.

5. Fixed Assets

Assets
Total ay
ue
Buildings		 Furniture,
.
Fixtures&
a
Fittings		 .
Audio&IT
is
a
7
Equipment
£ £ £ £
Cost
Broughtforward 1,746,109 1,583,918 144,950 17,241
Additions 0 0 0
Carried forward 1,746,109 1,583,918 144,950 17,241
Depreciation
Broughtforward 502,047 379,232 106,120 16,695
Charge foryear 35,697 31,678 3,882 137
2021Carried forward 537,744 410,910 110,002 16,832
Net BookValue
At31July2024 1,244,062 1,204,686 38,830 546
At 31July2025 1,208,365 1,173,008 34,948 409

Page 10 of 14

KILLEARN COMMUNITY FUTURES COMPANY

6. Debtors
31/07/25 31/07/24
£
Prepayments and Accrued Income 27,271 23,761
7. Creditors: Amounts fallingdue within oneyear
31/07/25 31/07/23
£
Income in Advance 27,940 22,600
Creditors and Accruals 12,146 5419
40086 28,019
8. Accruals and Deferred Income—Deferred Government Grant
31/07/25 31/07/24
£ £
Brought Forward 973,771 999,397
Released to income 25,626 25,626
CarriedForward 948,145 973,771

9. Project Accounts and Movement in Funds

The accounts on the following two pages show the Income & Expenditure, Movements in Funds, and Assets and Liabilities of each of the projects in hand during the financial year.

  1. There were no related party transactions during the year.

Page 11 of 14

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KILLEARN COMMUNITY FUTURES COMPANY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KILLEARN COMMUNITY FUTURES COMPANY

| report on the accounts of the charity for the year ended 31 July 2025 which are set out on pages 7 to 12.

Respective responsibilities of Trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 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 report

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) 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 disclosures in the accounts, and seeking explanations from you as 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 accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements

  2. e to keep accounting records in accordance with Section 44 1(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulation, and

  3. e to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations

have not been met or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Chartered Accountant Bell Barr & Company Chartered Accountants 2 Stewart Street Milngavie G62 6BW

oth October 2025

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