REGISTERED COMPANY NUMBER: SC306620 (Scotland) REGISTERED CHARITY NUMBER: SC038461
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2025
for
Rangers Former Players Benevolent Club
Stevenson & Kyles Chartered Accountants 25 Sandyford Place Glasgow G3 7NG
Rangers Former Players Benevolent Club
Contents of the Financial Statements for the Year Ended 31 August 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 to 6 |
| Notes to the Financial Statements | 7 to 10 |
| Detailed Statement of Financial Activities | 11 |
Rangers Former Players Benevolent Club
Report of the Trustees for the Year Ended 31 August 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 31 August 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 objectives of the charity are:
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the prevention or relief of poverty
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the advancement of health
-
the advancement of arts, heritage, culture or science
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the promotion of religious or racial harmony
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the relief of those in need by reason of age, ill health, disability, financial hardship or other disability
Significant activities
The principal activity of the charity is the raising of funds for the provision of support to individuals.
ACHIEVEMENTS AND PERFORMANCE
The charity supported several individuals throughout the year.
FINANCIAL REVIEW
Principal funding sources
The principal funding sources of the charity are donations from fans, former players and others.
Total income for the year, all from donations, was £5,604 (2024 - £10,181). Total expenditure was £6,674 (2024 - £30,897) giving a deficit for the year of £1,070 (2024 - £20,716). The funds of the charity are currently in surplus by £101,442 and these are all held by the unrestricted general purpose fund.
The reserves of the charity are represented by bank balances. The charity has no requirement for specific reserves. Any surplus is carried forward to be used in future operations.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The directors of the company are also charity trustees for the purpose of charity law, and, under the company's articles are known as members of the Management Committee. Regulation 73 of Table A which requires one third of directors to retire at each annual general meeting has been amended and as such, in the event of a default in holding an annual general meeting, the directors who were due to retire from office at such meeting, continue in office until such meeting is held.
Recruitment and appointment of new trustees
Members of the Management Committee are elected based on the skills that they offer to ensure that there is a broad skills mix. There is no restriction on the number of members on the Management Committee. There are currently five members who meet regularly and are responsible for the strategic direction and policy of the charity. The Management Committee have a variety of professional backgrounds relevant to the work of the charity.
Page 1
Rangers Former Players Benevolent Club
Report of the Trustees for the Year Ended 31 August 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The Management Committee has conducted a review of the major business and operational risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of the members of the company.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
SC306620 (Scotland)
Registered Charity number
SC038461
Registered office
Ibrox Stadium 150 Edmiston Drive Glasgow G51 2XP
Trustees
P McCloy J Greig C Stewart A M McCoist I Durrant
Company Secretary
C Stewart
Independent Examiner
Douglas Marshall C.A. Stevenson & Kyles Chartered Accountants 25 Sandyford Place Glasgow G3 7NG
Approved by order of the board of trustees on 13 May 2026 and signed on its behalf by:
P McCloy - Trustee
Page 2
Independent Examiner's Report to the Trustees of Rangers Former Players Benevolent Club
I report on the accounts for the year ended 31 August 2025 set out on pages four to ten.
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 :
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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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.
Douglas Marshall C.A. The Institute of Chartered Accountants of Scotland
Stevenson & Kyles Chartered Accountants 25 Sandyford Place Glasgow G3 7NG
13 May 2026
Page 3
Rangers Former Players Benevolent Club
Statement of Financial Activities for the Year Ended 31 August 2025
| 31.8.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 5,604 EXPENDITURE ON Raising funds 2 2,384 Charitable activities Donations and assistance to individuals 4,290 Total 6,674 NET INCOME/(EXPENDITURE) (1,070) RECONCILIATION OF FUNDS Total funds brought forward 102,512 TOTAL FUNDS CARRIED FORWARD 101,442 |
31.8.24 Total funds £ 10,181 3,732 27,165 30,897 (20,716) 123,228 102,512 |
|---|---|
The notes form part of these financial statements
Page 4
Rangers Former Players Benevolent Club
Statement of Financial Position 31 August 2025
| 31.8.25 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank and in hand 103,122 CREDITORS Amounts falling due within one year 5 (1,680) NET CURRENT ASSETS 101,442 TOTAL ASSETS LESS CURRENT LIABILITIES 101,442 NET ASSETS 101,442 FUNDS 6 Unrestricted funds 101,442 TOTAL FUNDS 101,442 |
31.8.24 Total funds £ 105,512 (3,000) 102,512 102,512 102,512 102,512 102,512 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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...
Rangers Former Players Benevolent Club
Statement of Financial Position - continued 31 August 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 13 May 2026 and were signed on its behalf by:
P McCloy - Trustee
The notes form part of these financial statements
Page 6
Rangers Former Players Benevolent Club
Notes to the Financial Statements for the Year Ended 31 August 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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...
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Rangers Former Players Benevolent Club
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 31.8.25 | 31.8.24 | |
| £ | £ | |
| Support costs | 2,384 | 3,732 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
4. STAFF COSTS
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors and accruals MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.9.24 £ 102,512 102,512 Incoming resources £ 5,604 5,604 |
31.8.25 31.8.24 £ £ 1,680 3,000 Net movement At in funds 31.8.25 £ £ (1,070) 101,442 (1,070) 101,442 Resources Movement expended in funds £ £ (6,674) (1,070) (6,674) (1,070) |
|---|---|---|
6. MOVEMENT IN FUNDS
continued...
Page 8
Rangers Former Players Benevolent Club
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.23 | in funds | 31.8.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 123,228 | (20,716) | 102,512 |
| TOTAL FUNDS | 123,228 | (20,716) | 102,512 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,181 | (30,897) | (20,716) |
| TOTAL FUNDS | 10,181 | (30,897) | (20,716) |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1.9.23 | in funds | 31.8.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 123,228 | (21,786) | 101,442 |
| TOTAL FUNDS | 123,228 | (21,786) | 101,442 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 15,785 | (37,571) | (21,786) |
| TOTAL FUNDS | 15,785 | (37,571) | (21,786) |
continued...
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Rangers Former Players Benevolent Club
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025.
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Rangers Former Players Benevolent Club
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 August 2025 | ||
| 31.8.25 | 31.8.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations, legacies and other income | 4,466 | 9,026 |
| Other income | 1,138 | 1,155 |
| 5,604 | 10,181 | |
| Total incoming resources | 5,604 | 10,181 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants to individuals | 4,290 | 27,165 |
| Support costs | ||
| Other | ||
| Travel costs | - | 1,726 |
| Governance costs | ||
| General expenses | 505 | 296 |
| Independent examiner fee | 1,860 | 1,650 |
| Bank charges | 19 | 40 |
| Donations | - | 20 |
| 2,384 | 2,006 | |
| Total resources expended | 6,674 | 30,897 |
| Net expenditure | (1,070) | (20,716) |
This page does not form part of the statutory financial statements
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