OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Hibernian Community Foundation Limited

2025-06-30-accounts

Charity registration number SC039699 (Scotland) Company registration number SC345199

HIBERNIAN COMMUNITY FOUNDATION LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

HIBERNIAN COMMUNITY FOUNDATION LIMITED

CONTENTS

Page
Trustees' report 1 - 6
Independent auditor's report 7 - 9
Statement of financial activities 10 - 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14 - 28

HIBERNIAN COMMUNITY FOUNDATION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 30 JUNE 2025

The trustees present their annual report and financial statements for the year ended 30 June 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 Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006 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 and activities

The charitable objectives of the Hibernian Community Foundation are:

Achievements and performance

Significant activities and achievements against objectives

2024/25 was also a year of significant challenges and change for the charity. Income fell by approximately 10%, reflecting the impact of wider economic pressures and reduced fundraising compared to previous years.

This transition had a large impact on fundraising efforts but in the main we were able to continue delivering the programs for the local community using reserves to fund these programs. The Chair of the Board Mags McPherson, stood down in 2024 and was replaced by Steve Smith.

The focus of the charity’s work reflected the interim strategy launched in the previous year. That is, alleviating the impact of the cost-of-living crisis, addressing social isolation and loneliness in the community.

During the year, the charity received various non-cash support from partners, including the use of premises, utilities, IT and HR assistance, marketing and legal services, and other benefits such as match tickets and fundraising prizes. These contributions have been essential to the charity’s operations; however, due to the nature of these items, it is not possible to reliably measure their value, and therefore they have not been included in the financial statements.

New Scots

The programme provides tailored support for refugees and asylum seekers, with a strong focus on Ukrainian families and individuals who have recently arrived in Edinburgh. The programme is led by Vitaliia Melnyk, a Ukrainian psychologist and gestalt therapist who fled Kharkiv with her daughter during the Russo-Ukrainian war. As the New Scots Activity Coordinator, she brings lived experience of displacement, which helps her design activities that are empathetic, practical, and culturally sensitive. Activities are creative, and therapeutic to support mental health while preserving traditions while building new friendships. Safe spaces are offering dignity, comfort, and inclusion for families who have faced trauma.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Team United & Para Football

The strategic decision to merge with Team United did not evolve as planned. The de-merger happened on 30[th] June 2025 and the programme remains a flagship programme of the Autism FA. Staff involved in the programme were transferred to the Autism FA and the Head of Para Football remains in post. Hibernian Community Foundation still supports Para football and this includes our Autism team along with other programmes such as Parkinson Walking Football. We wish them every success as the goal of offering even more autistic and neurodiverse children the opportunity to play football is a commendable one.

Community Football

The Hibernian Community Foundation’s Community Football Club is a grassroots hub that offers football opportunities for all ages and abilities, from toddlers to over-50s, with a strong emphasis on inclusion, volunteering, and community spirit.

The club is designed to make football accessible to everyone in Edinburgh and the Lothians, regardless of background, ability, or experience. There is an inclusive ethos and activities are also run under the Foundation’s motto “Football for All” , ensuring everyone who wants to play can.

Youth football:

Community club teams provide structured training and match opportunities for children and teenagers. Local squads compete in grassroots leagues, giving young players a pathway into structured football.

Adult football:

Programmes extend to adults, including recreational football and walking football for older participants.

Over-50s:

Tailored sessions promote fitness, social connection, and wellbeing

Active Schools programme:

Delivered in partnership with schools across Edinburgh, ensuring football is embedded in education.

Holiday camps:

Seasonal camps at Easter Road and other venues provide fun, safe environments for children during school breaks.

Walking football:

Adapted sessions for older adults or those with mobility challenges, focusing on health and social inclusion.

Para football:

Dedicated pathways for players with disabilities

Extra Time

In May 2024, T he Hibernian Community Foundation was awarded £149,844k funding from the Scottish FA as part of the Extra Time programme taking us to quarter 3 of the financial year. We are pleased that Extra Time funding has been extended for the coming year.

Extra Time provides free before-school, after-school, and holiday activity clubs for primary school children from low-income families. The programme tackles child poverty, food insecurity, and childcare pressures, while giving children access to football and wider activities. At Hibernian Community Foundations, the programme was named Ron Gordon’s Extra Time in 2024, in memory of the late chairman. It supports around 60 children from four primary schools in Leith, offering up to 12 hours of coached football each week, games and hot meals provided in the Community Hub at Easter Road Stadium.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Community Hub

We formally re-occupied the newly refurbished hub. Our thanks go to the club and The Ellen & Iain Graham charitable Foundation and Kateryna Polyakov who provided funding towards the refurbishment and the purchasing of equipment for the community kitchen. This allows the continuation of services for vulnerable people in the community. Thanks to a growing and amazingly committed group of volunteers, meal provisions are providing lunch and dinner servings each month. A pantry service offering essential groceries, free barber service, and Empty Kitchen, Full Hearts provide home meal parcels a week for collection from the Hub. Social activities such as Hibs Memories, Monday Matchday Board Games, and Hibs Community Choir continued to attract good numbers, with the latter performing on special occasions, including match days.

Activities to improve physical health continued or were introduced, such as chair yoga, Tai Chi and tea-dances; the latter were organised with neighbouring community charities and attracted over 130 guests. The charity’s commitment to men’s mental health continued with the running of the Andy’s Man’s club and Supporting Our Supporters.

In the purpose of spirit and in celebrating diversity, the Foundation’s multicultural evenings are inclusive community events designed to celebrate diversity, bring people together, and support vulnerable groups through food, culture, and connection. These evenings highlight our multicultural communities, offering a welcoming space where people from different backgrounds can share traditions and experiences, supporting vulnerable groups through food, culture, and connection.

The introduction of the SFA’s Next Generation for the most promising girls and women across Scotland saw the Foundation’s U14s, U16s and U18s teams enter the top tier of the programme. This was a reflection of the charity’s commitment to improving the facilities, coaching and support given to developing players at this level.

General

In Fundraising , the charity continues its successful Christmas Appeal, to support the work of the Foundation such as the Christmas Day Lunch. A Christmas online auction, the Kiltwalk (attracting over 280 participants and raising over £24,000), The Ron Gordon Challenge and David Gray’s Cycle from Glasgow to Edinburgh all helped towards bridging our financial shortfall.

The Christmas Day lunch in 2024 saw 300 people receiving a three-course meal in the stadium, and 200 meals being delivered to homes in Edinburgh. Guests enjoy a full Christmas lunch in the hospitality suites, with music, games, and decorations creating a warm, festive atmosphere. Children receive Christmas presents, distributed by Hibernian FC players and staff, including members of the men’s and women’s squads.

The board of the Foundation remain deeply indebted to the generosity and goodwill of the Hibernian family – the football club, the fans, volunteers, partner charities and groups, and of course our diverse range of funders that enable the Foundation to remain a force for good in the community.

Financial review

The charity has recorded a deficit of £193,738 for the year (2024: deficit of £4,191). The charity has a balance sheet deficit of £23,103 (2024: surplus £170,635), including net current liabilities of £26,261 (2024: net current assets of £169,331).

Reserves policy

Hibernian Community Foundation organises community programmes and football sessions for people of all ages at the club’s stadium and across the Lothians. Income is derived from a range of partnerships with charities, grantmakers, associations and companies, and by organising pay-to-play football sessions and fundraising events and appeals. The directors would wish to protect programmes that provide direct support to people from lowhousehold incomes, such as its lunch clubs and the supply of food packages, and those which provide relief to people living in isolation, through social and health-related activities held in the stadium and on sports pitches. The directors would also wish to provide some security to the valued staff team and continue appropriately to remunerate them for their services. The directors aim to retain funds that represent between two to four months of operating costs and associated overheads. This is estimated to be £70,000 per month, equating to a free reserve of between £140,000 and £280,000. The directors are working towards achieving this target.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Investment policy

The Trustees, having regard to the liquidity requirements of running the charity, have kept available funds in an interest-bearing account and seek to maximise interest where practicable.

Risk Management

The trustees have assessed the major risks to which the Charity is exposed, in particular those risks related to the operations and finances of the Charity, and are satisfied that systems are in place to mitigate the Charity’s exposure to such risks. The Charity’s Risk Register is reviewed by the Board of Directors on an annual basis.

Plans for future periods

The board aims to continue the grow the Foundation’s work by engaging with more members of the local community, developing both its free-to-play and pay-to-play football sessions and consolidating growth that has been achieved in para football.

There are plans grow the provision of community meals, and developing services that will benefit service users, such as participating in volunteering and social activities. This work relies heavily on an exceptionally committed volunteers, and the Foundation aims to professionalise its recognition and reward of everyone who gives up their time to further its work.

The Community Hub space is proving to be a valued resource in the community, with local people, groups and charities making use of the space and its facilities. Developing the range of community services offered from the Hub remains a priority, while ensuring those from low-income households and marginalised groups stand to benefit the most. Greater evening and weekend use of the space is anticipated.

Building relations with Hibernian FC, its board, staff, players, coaches and supporters, has proved enormously successful to date. Every effort will be made to continue to enable this relationship to flourish.

Structure, governance and management

The charity is a company limited by guarantee having no share capital and is governed by a Memorandum and Articles of Association dated 27 June 2008. The Company is registered as a charity in Scotland.

Recruitment and appointment of trustees

The trustees of the charity comprise a Chairperson and Board Members who possess relevant knowledge, skills and abilities to further the aims of the charity. At present, the Foundation’s constitution does not stipulate terms of tenure for directors, but it is expected that this will be introduced in the next financial year. The Board includes the chief executive officer of Hibernian Football Club.

In addition, the trustees may appoint additional trustees to replace any trustee who resigns or dies mid-term or to fill a vacancy that may arise. Any such trustee appointed must first be approved by the trustees as having the appropriate capabilities to perform the duties of trustee in the best interests of the charity.

Organisational structure

The Board of Directors control the overall operations of the Foundation.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Other matters

Trustees:

Alastair Barr (resigned 24 January 2025) Jan Cargill (resigned 22 October 2024) Grahame Cumming ( resigned August 2025) Sean Dunn Katherine Gordon Steven Smith Ben Kensell (resigned 23 January 2025) Joseph Newell (appointed 2 October 2024) Kieran Power Daljit Singh ( resigned 23 March 2025)

Company Registered Number: SC345199
Registered Address: Easter Road Stadium
12 Albion Place
Edinburgh
EH7 5QG
Registered Charity Number: SC039699
Independent Examiner: Thomson Cooper
22 Stafford Street
Edinburgh
EH3 7BD
Bankers: Virgin Money
83 George Street
Edinburgh
EH2 3ES
Solicitors: Dentons UKMEA LLP
1 George Square Glasgow
Glasgow
G2 1AL

Statement of trustees' responsibilities

The trustees, who are also the directors of Hibernian Community Foundation Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements 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 charity 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:

HIBERNIAN COMMUNITY FOUNDATION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Thomson Cooper were appointed as auditor to the company and a resolution proposing that they be re-appointed will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

.............................. S Smith

Trustee

22-12-25 Date: .............................................

HIBERNIAN COMMUNITY FOUNDATION LIMITED

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF HIBERNIAN COMMUNITY FOUNDATION LIMITED

Opinion

We have audited the financial statements of Hibernian Community Foundation Limited (the ‘charity’) for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HIBERNIAN COMMUNITY FOUNDATION LIMITED

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: existence and timing of recognition of income, posting of unusual journals along with complex transactions and non-compliance with laws and regulations. We discussed these risks with management, designed audit procedures to test the timing and existence of revenue, tested a sample of journals to confirm they were appropriate and inspected minutes from meetings held by management and trustees for any reference to breaches of laws and regulations. In addition, we reviewed areas of judgement for indicators of management bias to address these risks.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the officers and other management (as required by the auditing standards).

We reviewed the laws and regulations in areas that directly affect the financial statements including applicable charity and company law and considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance with relevant and significant laws and regulations, and as required by the auditing standards, our work in respect of these was limited to enquiry of the officers and management of the charity.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HIBERNIAN COMMUNITY FOUNDATION LIMITED

We communicated identified laws and regulations and potential fraud risks throughout our team and remained alert to any indications of non-compliance or fraud throughout the audit. However the primary responsibility for the prevention and detection of fraud rests with the trustees.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Fiona Haro (Senior Statutory Auditor) for and on behalf of Thomson Cooper, Statutory Auditors Edinburgh

22-12-25

.........................

Thomson Cooper is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Current financial year
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
Notes
£
£
£
Income and endowments from:
Donations and legacies
2
40,878
46,142
87,020
Charitable activities
3
294,661
230,095
524,756
Other trading activities
4
152,584
28,968
181,552
Investments
5
5,758
-
5,758
Other income
6
-
-
-
Total income
493,881
305,205
799,086
Expenditure on:
Raising funds
7
74,131
-
74,131
Charitable activities
8
612,651
305,205
917,856
Other expenditure
13
837
-
837
Total expenditure
687,619
305,205
992,824
Net expenditure
(193,738)
-
(193,738)
Transfers between funds
12,305
(12,305)
-
Net movement in funds
10
(181,433)
(12,305)
(193,738)
Reconciliation of funds:
Fund balances at 1 July 2024
158,330
12,305
170,635
Fund balances at 30 June 2025
(23,103)
-
(23,103)		 Total
2024
£
122,529
515,248
120,411
10,978
117,687
886,853
25,870
865,174
-
891,044
(4,191)
-
(4,191)
174,826
170,635

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Prior financial year
Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
2
104,929
17,600
Charitable activities
3
311,990
203,258
Other trading activities
4
120,411
-
Investments
5
10,978
-
Other income
6
39,917
77,770
Total income
588,225
298,628
Expenditure on:
Raising funds
7
7,328
18,542
Charitable activities
8
584,888
280,286
Total expenditure
592,216
298,828
Net income
(3,991)
(200)
Transfers between funds
(5)
5
Net movement in funds
10
(3,996)
(195)
Reconciliation of funds:
Fund balances at 1 July 2023
162,326
12,500
Fund balances at 30 June 2024
158,330
12,305		 Total
2024
£
122,529
515,248
120,411
10,978
117,687
886,853
25,870
865,174
891,044
(4,191)
-
(4,191)
174,826
170,635

HIBERNIAN COMMUNITY FOUNDATION LIMITED

BALANCE SHEET

AS AT 30 JUNE 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 15 3,158 1,304
Current assets
Debtors 16 27,565 26,412
Cash at bank and in hand 188,520 204,056
216,085 230,468
Creditors: amounts falling due within
one year 17 (242,346) (61,137)
Net current (liabilities)/assets (26,261) 169,331
Total assets less current liabilities (23,103) 170,635
Income funds
Restricted funds 20 - 12,305
General unrestricted funds 22 (23,103) 158,330
(23,103) 170,635

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

22-12-25

The financial statements were approved by the Trustees on .........................

..............................

S Smith Trustee

Company registration number SC345199

HIBERNIAN COMMUNITY FOUNDATION LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
24
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from investing activities
Net cash generated from financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(3,778)
5,758		 £
(17,516)
1,980
-
(15,536)
204,056
188,520		 2024
£
(1,738)
10,978		 £
41,408
9,240
-
50,648
153,408
204,056

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information

Hibernian Community Foundation Limited is a private company limited by guarantee incorporated in Scotland. The registered office is Easter Road Stadium, 12 Albion Place, Edinburgh, EH7 5QG.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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).The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

The charity recorded a loss of £193,738 (2024: loss £4,191) during the year. At 31[st] March 2025 the charity had net current liabilities of £26,261 (2024: assets £169,331) and a balance sheet deficit of £23,103 (2024: surplus £170,635).

The current and future cash position of the charity has been reviewed by the Board. This included a comprehensive review of the financial projections and cash-flow requirements. These forecasts were prepared using assumptions which the directors consider appropriate to the financial position of the charity and its future anticipated revenues and costs.

Specific consideration has been given to:

To support this assessment, one of the Trustees has provided a formal Letter of Support, confirming their commitment to provide financial assistance if required to ensure the charity can meet its obligations as they fall due. This support provides additional assurance that the charity will continue to operate as a going concern.

The Trustees acknowledge that the charities’ liquidity position relies on the Trustees continuing to review the budgets and ensure that costs are controlled but they project that the liquidity position will further strengthen over the next 12 months due to improved financial performance.

The Trustees acknowledge that the charity’s liquidity position is reliant on the above key assumptions and without this a material uncertainly would exist which may cast doubt over the charity’s ability to continue as a going concern.

After due consideration of the above, the Trustees are satisfied that the charity has access to adequate resources to continue in operational existence for period of at least twelve months from the date of approval of the financial statements. The Trustees therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

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 conditions 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.

Academy and holiday camp income is recognised in the period in which the related activities occur, regardless of when the payment is received. Income that is received in advance is recognised as deferred income and recognised in the period in which the service is provided.

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. Income is deferred when performance related grants are received in advance of the performances or event to which they relate.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or 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 bases:

Computers 33.3%-50% straight line

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 asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 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 of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

2 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 40,878 46,142 87,020 104,929 17,600 122,529

3 Charitable activities

Performance related grants
Analysis by fund
Unrestricted funds
Restricted funds
Performance related grants
Corporate partners
Football partners
Football subscriptions
Local authority funding
Trusts and foundations
Holiday camps
Charity partnerships
Football Events		 2025
£
524,756
294,661
230,095
524,756
19,959
181,104
197,135
13,624
31,886
43,664
35,014
2,370
524,756		 2024
£
515,248
311,990
203,258
515,248
42,163
185,608
146,695
13,865
20,848
48,586
50,779
6,704
515,248

4 Other trading activities

Unrestricted Restricted Total Unrestricted
funds funds funds
2025 2025 2025 2024
£ £ £ £
Fundraising events 152,584 28,968 181,552 120,411

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

5 Investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 5,758 10,978
Other income
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Funds transferred from
Team United - - - 39,917 77,770 117,687

6 Other income

During the prior year the charity merged with Team United and received funds of £117,687.

7 Raising funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Fundraising and publicity
Staging fundraising
events
74,131
-
74,131
-		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
74,131
7,328
18,542
74,131
7,328
18,542		 Total
2024
£
25,870
25,870

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

8 Charitable activities

Staff costs
Administration
Training courses and tournaments
Equipment and kit
Hire of facilities
Marketing and advertising
Demerger costs
Share of support costs (see note 9)
Share of governance costs (see note 9)
Analysis by fund
Unrestricted funds
Restricted funds		 2025
£
265,947
51,820
194,935
59,622
72,117
8,660
20,421
673,522
235,334
9,000
917,856
612,651
305,205
917,856		 2024
£
253,764
54,606
163,978
50,985
63,223
27,029
-
613,585
243,135
8,454
865,174
584,888
280,286
865,174

9 Support costs allocated to activities

Support costs allocated to activities
Staff costs
Depreciation
Administration
IT/Telecommunications
Equipment Lease
Insurance
Professional Fees
Governance costs		 2025
£
217,593
1,087
2,077
5,057
436
1,224
7,860
9,000
244,334		 2024
£
207,077
508
3,923
21,275
2,420
1,465
6,467
8,454
251,589

Costs have been allocated on a direct basis.

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

10 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements 9,000 8,454
Depreciation of owned tangible fixed assets 1,087 508
Loss on disposal of tangible fixed assets 837 -

11 Trustees

One trustee was employed by the organisation during the year as CEO. They stepped down from the board and left employment in March 2025. Gross wages paid during the year amounted to £38,286 (2024 £44,813) , redundancy payment of £18,008 was paid in the year.

These payments were made in accordance with the terms of their employment contract.

No other trustees received remuneration or termination payments during the year.

12 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
19
2025
£
432,719
39,971
10,850
483,540		 2024
Number
21
2024
£
426,410
27,486
6,945
460,841

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2025 2024
£ £
Aggregate compensation 185,584 196,935

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

12 Employees

(Continued)

The key management personnel is comprised of the Chief Executive, the Head of Community , the Head of Fundraising and Events, the Head of Community Football , the Head of Para Football and the Head of Fundraising.

In the previous year, the key management personnel was comprised of the Chief Executive and the Head of Community.

13 Other expenditure

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net loss on disposal of tangible fixed assets 837 -

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

15 Tangible fixed assets

Tangible fixed assets
Computers
£
Cost
At 1 July 2024 19,109
Additions 3,778
Disposals (18,188)
At 30 June 2025 4,699
Depreciation and impairment
At 1 July 2024 17,805
Depreciation charged in the year 1,087
Eliminated in respect of disposals (17,351)
At 30 June 2025 1,541
Carrying amount
At 30 June 2025 3,158
At 30 June 2024 1,304

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

16
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
17,229
3,269
7,067
27,565		 2024
£
5,043
2,275
19,094
26,412

17 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
18
Trade creditors
Other creditors
Accruals
18
Deferred income
Arising from Deferred Income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 July 2024
Released from previous periods
Resources deferred in the year
Deferred income at 30 June 2025		 2025
£
4,064
46,458
136,013
1,883
53,928
242,346
2025
£
46,458
2025
£
46,458
16,953
(16,953)
46,458
46,458		 2024
£
7,062
16,953
21,488
430
15,204
61,137
2024
£
16,953
2024
£
16,953
21,143
(21,143)
16,953
16,953

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

18 Deferred income

(Continued)

Deferred income is comprised of £11,344 income received in advance for the holiday camp that took place in July and August 2025 as well as grants received from New Scots, TNL, Leith Chooses and Edinburgh Council that were for a period covering part of this financial year and the next. £35,114 of these grants have been apportioned to the financial year ended 30 June 2026.

19 Retirement benefit schemes

Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 10,850 6,945

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Balance at
1 July 2024
r
£
City of Edinburgh Council - Don't Start It
12,305
East Lothian Council
-
Ellen and Ian Graham Charitable
Foundation
-
Christmas Appeal
-
LOPP
-
New Scots
-
Next Gen
-
SFA Extra Time
-
School Transition
-
Agnes Hunter
-
TU - Young Start
-
The Big Give
Community Hub Refurbishment
12,305		 Movement in funds
Incoming
esources
Resources
expended
£
£
-
-
11,000
(11,000)
12,517
(12,517)
20,757
(20,757)
22,694
(22,694)
14,020
(14,020)
36,099
(36,099)
134,658
(134,658)
4,500
(4,500)
7,500
(7,500)
11,038
(11,038)
20,422
(20,422)
10,000
(10,000)
305,205
(305,205)		 Transfers
Balance at
30 June 2025
£
£
(12,305)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(12,305)
-		 Transfers
Balance at
30 June 2025
£
£
(12,305)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(12,305)
-
-

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

20 Restricted funds

(Continued)

Balance at
1 July 2023
r
£
Team United - ELC
-
ECCC Older Persons Event
-
SPFL Trust - Activity Worker
-
City of Edinburgh Council - Don't Start It
12,500
SFA
-
SAMH - The Changing Room
-
Dnipro Kids
-
Wood Mackenzie
-
Baillie Gifford
-
Theorise Ltd
-
Young Start
-
Awards For All
-
Shared Care Funding
-
NHS Summer Programme
-
West Lothian Council
-
Edinburgh Council
-
Erasmus
-
Ellen and Ian Graham Charitable
Foundation
-
Christmas Appeal
-
EVOC
-
SFA - Extra Time
-
TU - Extra Time
-
12,500		 Movement in funds
Incoming
esources
Resources
expended
£
£
500
(500)
500
(500)
9,800
(9,800)
-
(195)
750
(755)
8,400
(8,400)
11,700
(11,700)
3,500
(3,500)
14,720
(14,720)
2,500
(2,500)
38,574
(38,574)
1,834
(1,834)
25,251
(25,251)
6,036
(6,036)
4,061
(4,061)
2,014
(2,014)
6,824
(6,824)
12,225
(12,225)
2,375
(2,375)
12,850
(12,850)
133,014
(133,014)
1,200
(1,200)
298,628
(298,828)		 Transfers
Balance at
30 June 2024
£
£
-
-
-
-
-
-
-
12,305
5
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5
12,305		 Transfers
Balance at
30 June 2024
£
£
-
-
-
-
-
-
-
12,305
5
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5
12,305
12,305

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

20 Restricted funds

(Continued)

City of Edinburgh Council - Employment Support

Income from Employer's Recruitment Incentive scheme.

East Lothian Council - Employment Support

To run introduction to employment courses in schools.

City of Edinburgh Council - Don't Start It

To run an alcohol awareness programme in primary schools.

SPFL Trust

To help deliver community meals served in the stadium (Wednesdays).

SFA

To run McDonald’s Fun Football (free football for children from certain schools)

Team United - ELC

Income from East Lothian Council to assist in running sessions in East Lothian.

ECCC Older Persons Event

This was funding from Edinburgh Council to assist in running Older Person's events which consist of tea dances and burns night events - fully allocated.

SAMH - The Changing Room

Funding from SAMH to run mental health programme called The Changing Room.

Dnipro Kids

Funding towards new scots activities, such as staff costs (direct and sessional), food, venue, activity materials, staff training, travel and IT.

Wood Mackenzie

Funding from Wood Mac to cover food provision costs for Wednesday lunch clubs.

Baillie Gifford

Funding towards the running costs of Team United.

Theorise Ltd

Sponsorship of team united player kits and apparel.

Young Start

Funding towards the Tea Leader project. This is 3-year funding.

Awards for All

Funding towards the project 'Team Up for the World Cup'.

Shared Care Funding

Funding for better breaks application to support carers.

NHS Summer Programme

Funding towards Team United summer camps.

The Big Give

Match funding, doubling donations for Christmas appeal and year-round meal provision

Community Hub Refurbishment

Donation towards refurbishment

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

20 Restricted funds

(Continued)

West Lothian Council

Service level agreement to deliver services in West Lothian.

Edinburgh Council

To run a Sports Hub (to support keep fit activities for older people in the Community Hub)

Erasmus

Funding towards a research project (European funding for participating and data collection in a project)

Ellen and Ian Graham Charitable Foundation

Funding towards refurbishment of community kitchen.

Christmas Appeal

Funding received to go towards Christmas Events.

EVOC

Funding towards New Scot and Ukrainian group activities.

SFA Extra Time

Funding provided by the Scottish Football Association for the Extra Time project.

TU Extra Time

Funding provided by the Scottish Football Association for the Extra Time project specifically for Team United.

LOPP

Funding provided by the Community Fund to provide wellbeing and socialisation activities for adults over the age of 55.

Next gen

Funding towards Next Gen Girls & Women's Academy.

School Transition

Funding towards football sessions.

21 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 30 June 2025:
Tangible assets 3,158 - 3,158
Current assets/(liabilities) (26,261) - (26,261)
(23,103) - (23,103)

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

21 Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 30 June 2024:
Tangible assets 1,304 - 1,304
Current assets/(liabilities) 157,026 12,305 169,331
158,330 12,305 170,635

22 Unrestricted funds

The income funds of the charity include the following unrestricted funds which includes any designated funds that have been set aside by the trustees for specific purposes:

At 1 July 2024
Incoming
resources
Resources
expended
Transfers
At
£
£
£
£
General funds
158,330
493,881
(687,619)
12,305
Previous year:
At 1 July 2023
Incoming
resources
Resources
expended
Transfers
At
£
£
£
£
Unrestricted fund
162,326
588,225
(592,216)
(5)		 30 June
2025
£
(23,103)
30 June
2024
£
158,330

HIBERNIAN COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

23 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

The Hibernian Football Club Limited, which is a company with Directors in common with the charity, made donations of £10,622 to the charity (2024: £12,564). This was fully paid in the year.

The Hibernian Football Club Limited provided goods and services to the charity of £11,744 (2024: £2,720), of which £5,250 is outstanding at year end.

The Hibeberian Foodball Club Limited has paid expenses on behalf of the Foundation of £121,048, the full balance is outstanding at the year end.

During the year Trustees made donations to the charity of £5,062 (2024: £4,325).

During the year 2 (2024: one) Trustees received reimbursement for expenses of £6,371(2024: £16,712).

24 Cash (absorbed by)/generated from operations

Cash (absorbed by)/generated from operations
2025
£
Deficit for the year
(193,738)
Adjustments for:
Investment income recognised in statement of financial activities
(5,758)
Loss on disposal of tangible fixed assets
837
Depreciation and impairment of tangible fixed assets
1,087
Movements in working capital:
(Increase)/decrease in debtors
(1,153)
Increase in creditors
151,704
Increase/(decrease) in deferred income
29,505
Cash (absorbed by)/generated from operations
(17,516)		 2024
£
(4,191)
(10,978)
-
508
23,957
36,302
(4,190)
41,408

25 Analysis of changes in net funds

The charity had no material debt during the year.