**REGISTERED COMPANY NUMBER: SC286036 (Scotland) REGISTERED CHARITY NUMBER: SC037033** ## **Report of the Trustees and** **Financial Statements for the Year Ended 30 June 2025** ## **for** **Halkirk Community Sports Foundation** Reid & Fraser Chartered Accountants 15 Princes Street Thurso Caithness KW14 7BQ **Halkirk Community Sports Foundation** **Contents of the Financial Statements for the Year Ended 30 June 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**|5|to|6| |**Notes to the Financial Statements**|7|to|11| |**Detailed Statement of Financial Activities**||12|| **Halkirk Community Sports Foundation (Registered number: SC286036)** ## **Report of the Trustees for the Year Ended 30 June 2025** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of 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 AND ACTIVITIES** ## **Objectives and aims** The principal objective of the company in the year under review was that of the development of sporting and leisure facilities in the Halkirk District Community Council area. ## **Significant activities** Hires of Morrison Park continue (used for training and matches by Halkirk United FC) together with other one-off hires. The maintenance of the pitch is now carried out by volunteers rather than contractors due to the higher costs involved by using external contractors. HCSF have donated a small piece of land at Morrison Park to the Northern Pilgrims Way on which they plan to erect a replica of the historic Skinnet Stone. They plan to landscape the area along with seating and information boards. HCSF were delighted to be able to contribute in this way something which will further add to the visitor experience of Halkirk Village. ## **FINANCIAL REVIEW** ## **Reserves policy** The reserve balance represents the unrestricted fund surplus arising from past operating results. The directors consider the financial status of the company to be in a satisfactory state with funds raised being invested in a bank deposit account earning interest producing additional revenue so increasing the company's reserves available for the development of the sporting and leisure facilities. ## **FUTURE PLANS** Halkirk Community Sports Foundation took the decision back in 2021 to review the previous plans for the changing facility at Morrison Park. The directors had agreed to look at drawing up and costing a changing facility with associated gymnasium (membership required) to include an upper floor; public gymnasium (membership required), security and use of green energy. Whilst the development has not progressed significantly to date, this remains a firm objective for HCSF. This is now on hold due to another community project being discussed which could result in a joint project being developed. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The company was incorporated on 10 June 2005 and is limited by guarantee, having no share capital, as defined by the Companies Act 2006. The company has been recognised by the Office of the Scottish Charity Regulator as a charity under the Scottish Charity number SC037033. Each member of the company has undertaken to contribute an amount not exceeding £1 towards any deficit arising in the event of Halkirk Community Sports Foundation being placed in liquidation. ## **Recruitment and appointment of new trustees** The directors, as the trustees are known, during the year of review are listed below. One third of the directors retire in rotation annually but may be re-appointed for a further period of three years provided that no director shall serve continuously for a period of more than six years without there being a period of not less than one year when that person does not act as a director. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** SC286036 (Scotland) Page 1 **Halkirk Community Sports Foundation (Registered number: SC286036)** ## **Report of the Trustees for the Year Ended 30 June 2025** **Registered Charity number** SC037033 ## **Registered office** 28 Queensgate Inverness IV1 1DJ ## **Trustees** Mrs J S Mowat (resigned 19.5.25) A Gunn (appointed 19.5.25) (resigned 28.10.25) W C N Campbell I Mackay A J Kennedy (appointed 19.5.25) (resigned 26.2.26) A J Taylor (appointed 19.5.25) ## **Office Bearers** Chair: W Campbell Vice-Chair: J Mackay Secretary: vacant Treasurer: vacant Mrs Mowat is continuing to assist the directors with the secretary/treasurer function until successors are appointed. ## **Company Secretary** Macleod & MacCallum Limited ## **Independent Examiner** Reid & Fraser Chartered Accountants 15 Princes Street Thurso Caithness KW14 7BQ ## **Bankers** The Royal Bank of Scotland plc Olrig Street Thurso Caithness KW14 7BL This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 6 March 2026 and signed on its behalf by: W C N Campbell - Trustee Page 2 **Independent Examiner's Report to the Trustees of Halkirk Community Sports Foundation (Registered number: SC286036)** I report on the accounts for the year ended 30 June 2025 set out on pages four to eleven. ## **Respective responsibilities of trustees and examiner** 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 (as amended). 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 the independent examiner's report** My examination was 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 I do not express an audit opinion on the view given by the accounts. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention : - (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and - to prepare accounts which accord with the accounting records and to 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. Linda Cameron FCCA CTA CA The Institute of Chartered Accountants of Scotland Reid & Fraser Chartered Accountants 15 Princes Street Thurso Caithness KW14 7BQ 9 March 2026 Page 3 ## **Halkirk Community Sports Foundation** ## **Statement of Financial Activities** ## **(Incorporating an Income and Expenditure Account) for the Year Ended 30 June 2025** |**2025**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**-**
**Charitable activities**
Football Pitch Lets
**2,166**
Investment income
2
**879**
**Total**
**3,045**
**EXPENDITURE ON**
**Charitable activities**
Football Pitch Lets
**5,655**
**NET INCOME/(EXPENDITURE)**
**(2,610)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**579,295**
**TOTAL FUNDS CARRIED FORWARD**
**576,685**|**2024**
**Total**
**funds**
**£**
1,126
1,509
948
3,583
6,532
(2,949)
582,244
579,295| |---|---| The notes form part of these financial statements Page 4 ## **Halkirk Community Sports Foundation (Registered number: SC286036)** ## **Balance Sheet** ## **30 June 2025** |**Notes**
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
9
Unrestricted funds:
General fund
**TOTAL FUNDS**|**2025**
**Unrestricted**
**fund**
**£**
**509,196**
**-**
**68,026**
**68,026**
**(537)**
**67,489**
**576,685**
**576,685**
**576,685**
**576,685**|**2024**
**Total**
**funds**
**£**
509,366
1,102
69,416
70,518
(589)
69,929
579,295
579,295
579,295
579,295| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 5 continued... ## **Halkirk Community Sports Foundation (Registered number: SC286036)** ## **Balance Sheet - continued** ## **30 June 2025** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 6 March 2026 and were signed on its behalf by: W C N Campbell - Trustee The notes form part of these financial statements Page 6 **Halkirk Community Sports Foundation** ## **Notes to the Financial Statements for the Year Ended 30 June 2025** ## **1. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charitable company, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **INCOME** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **EXPENDITURE** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals 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. ## **TANGIBLE FIXED ASSETS** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 20% straight line All fixed assets are initially recorded at cost. Land and buildings comprise the construction costs and professional fees in connection with the property development. No depreciation is provided while the assets are in the course of construction. ## **IMPAIRMENT OF ASSETS** At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised in the statement of financial activities. If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the statement of financial activities. ## **TAXATION** The charity is exempt from corporation tax on its charitable activities. ## **FUND ACCOUNTING** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... Page 7 **Halkirk Community Sports Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 30 June 2025** ## **1. ACCOUNTING POLICIES - continued** ## **GRANTS RECEIVED** Grants received in respect of capital expenditure are credited to the statement of financial activities in the period received in accordance with the guidance contained in the Statement of Recommended Practice. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate. ## **2. INVESTMENT INCOME** ## **3.** |**INVESTMENT INCOME**||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |Deposit account interest|**879**|948| |**NET INCOME/(EXPENDITURE)**||| |Net income/(expenditure) is stated after charging/(crediting):||| ||**2025**|**2024**| ||**£**|**£**| |Depreciation - owned assets|**170**|723| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||**Unrestricted**| |---|---| ||**fund**| ||**£**| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|1,126| |**Charitable activities**|| |Football Pitch Lets|1,509| |Investment income|948| |**Total**|3,583| |**EXPENDITURE ON**|| |**Charitable activities**|| |Football Pitch Lets|6,532| |**NET INCOME/(EXPENDITURE)**|(2,949)| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|582,244| continued... Page 8 **Halkirk Community Sports Foundation** **Notes to the Financial Statements - continued for the Year Ended 30 June 2025** ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** |||||**Unrestricted**| |---|---|---|---|---| |||||**fund**| |||||**£**| ||**TOTAL FUNDS CARRIED FORWARD**|||579,295| |**6.**|**TANGIBLE FIXED ASSETS**|||| |||**Freehold**|**Plant and**|| |||**property**|**machinery**|**Totals**| |||**£**|**£**|**£**| ||**COST**|||| ||At 1 July 2024 and 30 June 2025|**508,692**|**38,727**|**547,419**| ||**DEPRECIATION**|||| ||At 1 July 2024|**-**|**38,053**|**38,053**| ||Charge for year|**-**|**170**|**170**| ||At 30 June 2025|**-**|**38,223**|**38,223**| ||**NET BOOK VALUE**|||| ||At 30 June 2025|**508,692**|**504**|**509,196**| ||At 30 June 2024|508,692|674|509,366| |**7.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||**2025**|**2024**| ||||**£**|**£**| ||Other debtors||**-**|1,000| ||VAT||**-**|102| ||||**-**|1,102| |**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||**2025**|**2024**| ||||**£**|**£**| ||Trade creditors||**502**|589| ||VAT||**35**|-| ||||**537**|589| continued... Page 9 **Halkirk Community Sports Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 30 June 2025** ## **9. MOVEMENT IN FUNDS** |**At 1.7.24**
**£**
**Unrestricted funds**
General fund
**579,295**
**TOTAL FUNDS**
**579,295**
Net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
**3,045**
**TOTAL FUNDS**
**3,045**
**Comparatives for movement in funds**
**At 1.7.23**
**£**
**Unrestricted funds**
General fund
582,244
**TOTAL FUNDS**
582,244
Comparative net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
3,583
**TOTAL FUNDS**
3,583|**Net**
**movement**
**At**
**in funds**
**30.6.25**
**£**
**£**
**(2,610)**
**576,685**
**(2,610)**
**576,685**
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
**(5,655)**
**(2,610)**
**(5,655)**
**(2,610)**
**Net**
**movement**
**At**
**in funds**
**30.6.24**
**£**
**£**
(2,949)
579,295
(2,949)
579,295
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(6,532)
(2,949)
(6,532)
(2,949)| |---|---| continued... Page 10 **Halkirk Community Sports Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 30 June 2025** ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 June 2025. Page 11 **Halkirk Community Sports Foundation** ## **Detailed Statement of Financial Activities for the Year Ended 30 June 2025** |**Detailed Statement of Financial Activities**
**for the Year Ended 30 June 2025**||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|**-**|1,126| |**Investment income**||| |Deposit account interest|**879**|948| |**Charitable activities**||| |Football Pitch Lets|**2,166**|1,509| |**Total incoming resources**|**3,045**|3,583| |**EXPENDITURE**||| |**Charitable activities**||| |Football Pitch Upkeep|**1,777**|1,823| |Maintenance Costs|**147**|187| |Electricity charges - floodlighting|**828**|945| ||**2,752**|2,955| |**Support costs**||| |**Management**||| |Sundries|**103**|207| |Business Insurance|**1,396**|1,508| |Plant & machinery depreciation|**170**|724| ||**1,669**|2,439| |**Governance costs**||| |Independent Examiner's fee|**925**|850| |Company Secretarial fee|**309**|288| ||**1,234**|1,138| |Total resources expended|**5,655**|6,532| |**Net expenditure**|**(2,610)**|(2,949)| This page does not form part of the statutory financial statements Page 12