OpenCharities

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

2025-05-31-accounts

REGISTERED COMPANY NUMBER: SC342628 (Scotland) REGISTERED CHARITY NUMBER: SC040057

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Inch Park Community Sports Club

J S Accounting Services Limited 13-15 Morningside Drive EDINBURGH EH10 5LZ

Inch Park Community Sports Club

Contents of the Financial Statements for the Year Ended 31 May 2025

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 16

Inch Park Community Sports Club

Report of the Trustees for the Year Ended 31 May 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 May 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) .

Page 1

Inch Park Community Sports Club

Report of the Trustees for the Year Ended 31 May 2025

ACHIEVEMENT AND PERFORMANCE

Inch Park Community Sports Club (IPCSC) continued to deliver significant social, sporting and community impact across South Edinburgh throughout 2024/25. Demand for sport and community activity continued to grow, placing increasing pressure on facilities, volunteers and operational capacity. Despite this, IPCSC remained committed to ensuring access remained inclusive, affordable and community-led.

Participation and Reach

Volunteer contribution remained central, with over 250 volunteers contributing an estimated 72,000+ hours across the year.

Club Development

IPCSC continued to support Edinburgh South Community Football Club, Lismore Rugby Club and Edinburgh South Cricket Club. Demand continues to exceed available facilities across all clubs.

Community Support and Giving

IPCSC continued to deliver accessible and inclusive activity, including free and subsidised provision, wellbeing support and programmes aimed at reducing barriers to participation.

Challenges and Priorities

Key challenges include facility constraints, increasing demand, pressure on volunteers and rising operational costs.

Funders

Page 2

Inch Park Community Sports Club

Report of the Trustees for the Year Ended 31 May 2025

We extend our sincere thanks to these funders for enabling us to deliver a wide range of impactful programmes and services to the local community.

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.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

SC342628 (Scotland)

Registered Charity number

SC040057

Registered office

5 Atholl Crescent Edinburgh EH3 8EJ

Trustees

K W Irons Y Sneddon A T Soden Cllr L M Cameron J P Mason R McAndrews

Company Secretary

K W Irons

Independent Examiner

June Sinclair J S Accounting Services Limited 13-15 Morningside Drive EDINBURGH EH10 5LZ

Approved by order of the board of trustees on 29 May 2026 and signed on its behalf by:

Y Sneddon - Trustee

Page 3

Independent Examiner's Report to the Trustees of Inch Park Community Sports Club

Independent examiner's report to the trustees of Inch Park Community Sports Club ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

June Sinclair

The Institute of Chartered Accountants of Scotland

J S Accounting Services Limited 13-15 Morningside Drive EDINBURGH EH10 5LZ

29 May 2026

Page 4

Inch Park Community Sports Club

Statement of Financial Activities for the Year Ended 31 May 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Charitable activities
Charitable activities
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
106,658
85,174
21,484
295,601
317,085		 Restricted
funds
£
65,978
81,597
(15,619)
981,170
965,551		 31.5.25
Total
funds
£
172,636
166,771
5,865
1,276,771
1,282,636		 31.5.24
Total
funds
£
170,935
144,793
26,142
1,250,629
1,276,771

The notes form part of these financial statements

Page 5

Inch Park Community Sports Club

Balance Sheet 31 May 2025

Notes
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Debtors
7
Investments
8
Cash at bank
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
10
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
282,899
43,047
1
53,549
96,597
(53,366)
43,231
326,130
(9,045)
317,085		 Restricted
funds
£
992,772
-
-
-
-
(27,221)
(27,221)
965,551
-
965,551		 31.5.25
Total
funds
£
1,275,671
43,047
1
53,549
96,597
(80,587)
16,010
1,291,681
(9,045)
1,282,636
317,085
965,551
1,288,636		 31.5.24
Total
funds
£
1,275,671
39,055
1
124,528
163,584
(135,456)
28,128
1,303,799
(27,028)
1,276,771
295,601
981,170
1,276,771

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 6

Inch Park Community Sports Club

Balance Sheet - continued 31 May 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 29 May 2026 and were signed on its behalf by:

Y Sneddon - Trustee

The notes form part of these financial statements

Page 7

Inch Park Community Sports Club

Notes to the Financial Statements for the Year Ended 31 May 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.

Freehold property - 2% on cost Plant and machinery - 20% on reducing balance

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 8

Inch Park Community Sports Club

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.5.25 31.5.24
£ £
Depreciation - owned assets - 32,472

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

5.

Operational
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
81,241
EXPENDITURE ON
Charitable activities
Charitable activities
71,271
NET INCOME/(EXPENDITURE)
9,970
RECONCILIATION OF FUNDS
Total funds brought forward
285,631
TOTAL FUNDS CARRIED FORWARD
295,601
31.5.25
6
Restricted
funds
£
89,694
73,522
16,172
964,998
981,170

continued...

Page 9

Inch Park Community Sports Club

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

6.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 June 2024 and 31 May 2025
1,623,607
DEPRECIATION
At 1 June 2024 and 31 May 2025
347,936
NET BOOK VALUE
At 31 May 2025
1,275,671
At 31 May 2024
1,275,671
7.
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Amounts owed by group undertakings(£39,122) and other debtors(£3,925)
8.
CURRENT ASSET INVESTMENTS
Shares in group undertakings
This is in respect of Inch Park (Trading) Limited of which the charity owns 100% .
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 11)
Trade creditors
Social security and other taxes
VAT
Other creditors
Accrued expenses		 Plant and
machinery
£
18,458
18,458
-
-

31.5.25
£
43,077
31.5.25
£
1
31.5.25
£
42,918
7,539
(1,349)
3,581
19,547
8,351
80,587		 Totals
£
1,642,065
366,394
1,275,671
1,275,671
31.5.24
£
36,682
31.5.24
£
1
31.5.24
£
109,950
61
(1,798)
4,080
14,803
8,351
135,456

continued...

Page 10

Inch Park Community Sports Club

Notes to the Financial Statements - continued for the Year Ended 31 May 2025

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.25 31.5.24
£ £
Bank loans (see note 11) 42,918 27,028
11. LOANS
An analysis of the maturity of loans is given below:
31.5.25 31.5.24
£ £
Amounts falling due within one year on demand:
Bank overdrafts 27,221 96,503
Bank loans 15,697 13,447
42,918 109,950
Amounts falling due between two and five years:
Bank loans - 2-5 years 9,045 41,897
The loan from Social Investment Scotland is secured over the property.

12. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Construction of Sports Club
Biffaward
Sports Scotland
Virador
Weir Charitable Trust
Social Investment Scotland
South Neighbourhood Project
Lord Taverners
SCVO
RHODAR
EVOC
FVOC-Y2
Edinburgh University
One City Trust
Co-op
SCVO Y2
Foundation Scotland
KFC
EVOC Y3
TOTAL FUNDS		 At 1.6.24
£
295,601
691,880
42,281
80,262
12,691
9,399
93,997
5,759
2,872
5,840
90
-
4,500
5,000
1,990
8,000
3,500
2,500
10,609
981,170
1,276,771		 Net
movement
in funds
£
21,484
-
-
-
-
-
-
-
-
(5,840)
2,500
12,750
(7,920)
(500)
-
-
-
(3,500)
(2,500)
(10,609)
(15,619)
5,865		 At
31.5.25
£
317,085
691,880
42,281
80,262
12,691
9,399
93,997
5,759
2,872
-
2,500
12,840
(7,920)
4,000
5,000
1,990
8,000
-
-
-
965,551
1,2826,636

continued...

Page 11

Inch Park Community Sports Club

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
SCVO
ESCFC
EVOC
One city Trust
Edinburgh University
Co-op
EVCO – Y3
RHODAR
EVOC -Y2
Foundation Scotland
KFC
TOTAL FUNDS		 Incoming
resources
£
106,658
-
50,728
12,750
-
-
-
2,500
-
-
65,978
172,636		 Resources
Movement
expended
in funds
£
£
(85,174)
21,484
(5,840)
(5,840)
(50,728)
-
-
12,750
-
-
(500)
(500)
-
-
(10,609)
(10,609)
-
2,500
(7,920)
(7,920)
(3,500)
(3,500)
(2,500)
(2,500)
-
(81,597)
(15,619)
(166,771)
5,865

continued...

Page 12

Inch Park Community Sports Club

Notes to the Financial Statements - continued for the Year Ended 31 May 2025 Inch Park Community Sports Club

13. RELATED PARTY DISCLOSURES

Inch Park (trading) Limited a related business is due £39,122 (2024:£36,682) to the charity, this is included in other debtors.

Page 16