REGISTERED CHARITY NUMBER: $C041862
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 FOR GARTCAIRN FOOTBALL ACADEMY
William B Shanks 7 Lady Wilson Street Airdrie Lanarkshire ML6 9NA
GARTCAIRN FOOTBALL ACADEMY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025
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|Page|
|Report of the Trustees|lt2|
|Independent Examiner's Report|3|
|Statement ofFinancial Activities|4|
|Balance|Sheet|5|
|Notes|to the Financial Statements|6|to|7|
|Detailed Statement of|Financial|Activities|8|
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GARTCAIRN FOOTBALL ACADEMY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2025
The trustees present their report with the financial statements ofthe charity forthe year ended 30th June 2025. The trustees have adopted the provisions ofthe Statement ofRecommended Practice (SORP) Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number $C041862
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Principal address
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Trustees
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- examiner
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STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The officers ofthe club will be a chairperson, Secretary, treasurer and child protection officer who will be elected annually at the Annual General Meeting. All officers will retire each year but shall be eligible for re-appointment.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims The advancement of children's participation in sport by providing a safe environment for the children to participate, ensuring faimess throughout and encouraging enjoyment and social aspects within the team environment.
ACHIEVEMENT AND PERFORMANCE
Charitable activities This year the academy was awarded the SFA Platinum Club Award and it was another successful year for the winter festival. The academy continued to expand its numbers, and also saw the rollout ofadvanced coaching modules to enhance both player performance and coach development. We also strengthened ties with local organisations, schools and businesses.
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GARTCAIRN FOOTBALL ACADEMY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2025
FINANCIAL REVIEW
Reserves policy
During the year the charity had income of£154,599 (2024 - £159,825) and after deducting expenditure had a deficit of (£4,632) (2024 Surplus- £22,430.)
The reserves arc maintained at a level considered by the trustees to be appropriate for the continued operation of the football academy.
All funds held by the charity are unrestricted funds, which can be used in accordance with the charitable objects of the charity at the discretion ofthe trustees.
FUTURE DEVELOPMENTS
The charity will continue the promotion and advancement of children’s participation in sport.
Approved by order of the board of trustees on 5" October 2025 and signed on its behalf by:
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SREINDEPENDENT EXAMINER'SAMNER'S REPORTREPORT TOTO THETHE TRUSTEESTRUSTEES OFOF GARTCAIRN FOOTBALL ACADEMY
[report on the accounts for the year ended 30th June 2025 set out on pages four to seven.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation ofthe accounts in accordance with the terms ofthe 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 (as amended). 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 the course of 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.
5% October 2025
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GARTCAIRN FOOTBALL ACADEMY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025
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|---|---|---|---|---|
|2025|2024|
|Unrestricted|Total|funds|
|fund|
|INCOMING|RESOURCES|Notes|£|ra|
|Incoming resources|from|generated funds|
|Voluntary income|146,429|153.325|
|Activities|for generating funds|2|8,170|6,500|
|Total incoming|resources|154,599|159,825|
|RESOURCES EXPENDED|
|Costs|of generating|funds|
|Costs of generating|voluntary income|4,855|4,100|
|Charitable|activities|
|Football Academy|147,888|127,097|
|Governance|costs|6,488|6,198|
|Total resources|expended|159,231|137,395|
|NET INCOMINGAOUTGOING)|
|RESOURCES|(4,632)|22,430|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|57,641|35,21]|
|TOTAL FUNDS CARRIED FORWARD|53,009|57,641|
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The notes form part of these financial statements
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GARTCAIRN FOOTBALL ACADEMY
BALANCE SHEET AT 30TH JUNE 2025
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|2025|2024|
|Unrestricted|Total|funds|
|Notes|£fund|£|
|CURRENT ASSETS|
|Cash|at bank|53,009|57,641|
|NET CURRENT ASSETS|53,009|57,641|
|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|53,009|57,641|
|NET ASSETS|$3,009|57,641|
|FUNDS|4|
|Unrestricted|funds|53,009|57,641|
|TOTAL FUNDS|53,009|57,641|
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The financial statements were approved by the Board of Trustees on 5“ October 2025 and were signed on its behalf by:
The notes form part of these financial statements
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STOELGARTCAIRN AIBA FOOTBALLFOOTBALL ACADEMYACADEMY
eeNOTES TO THE FINANCIALEINANCIAL STATEMENTSSTATEMENTS SSFOR THEESR YEAR ENDEDENDED 30TH30TH JUNEJUNE 20252025
- ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities and Trustee Investment (Scotland)by Charities. Act 2005 and the Tequirements of the Statement of Recommended Practice, Accounting and Reporting
Incoming resources All incoming resources are included on the Statement ofFinancial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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.
Taxation
The charity is exempt from 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.
Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease,
Z. ACTIVITIES FOR GENERATING FUNDS
Winter Festival Costs
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|2025|2024|
|£|£|
|4,855|4,100|
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- TRUSTEES' REMUNERATION AND BENEFITS
30thThereJune were2024. no trustees' remuneration or other benefits for the year ended 30th June 2025 nor for the year ended
Trustees' expenses
There were no trustees' expenses paid for the year ended 30th June 2025 nor for the year ended 30th June 2024.
- 4, MOVEMENT IN FUNDS
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|Net|movement|
|At|1/7/24|in|funds|At 30/6/25|
|Unrestricted|funds|£|£|£|
|General fund|57,641|(4,632)|33,009|
|TOTAL FUNDS|57,641|(4,632)|53,009|
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GARTCAIRN FOOTBALL ACADEMY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30TH JUNE 2025
4. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
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|Incoming|Resources|Movement|in|
|resources|expended|funds|
|Unrestricted|funds|£|£|£|
|General fund|154,599|(159,231)|(4,632)|
|TOTAL FUNDS|154,599|(159,231)|(4,632)|
|Comparatives|for|movement|in|funds|
|Net movement|
|At|1/7/23|in|funds|At|30/6/24|
|rp|£|£|
|Unrestricted|Funds|
|General fund|35,211|22,430|57,641|
|TOTAL FUNDS|35,211|22,430|57,641|
|Comparative net movement in funds,|included|in|the above are|as|follows:|
|Incoming|Resources|Movement|in|
|resources|expended|funds|
|Unrestricted|funds|£|£|£|
|General fund|153,325|(130,895)|22,430|
|TOTAL FUNDS|126,474|(130,895)|22,430|
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ORGARTCAIRNRAIN FOOTBALLFOOTBALL ACADEMYACADEMY EEDETAILED STATEMENTEEN EL OO F FIFI NANCIA LL ACTIVITIESACTIVITIES SEEFOR THE YEARESR ENDEDENDED 30TH30TH JUNEJUNE 20252025
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|---|---|---|---|
|2025|2024|
|£|£|
|INCOMING RESOURCES|
|Voluntary income|
|Gift|aid|
|Grants|18,125|26,570|
|OtherTraining Donations|122,905-|111,924-|
|LegacyDonations Donation|5,399|14,831|
|-|-|
|146,429|153,325|
|Activities for gencrating funds|
|Winter Festival fees|8,170|6,500|
|Total incoming resources|154,599|159,825|
|RESOURCES EXPENDED|
|Costs|of generating voluntary|income|
|Winter Festival Costs|4.855|4,100|
|4,855|4,100|
|Charitable|activities|
|Hire of|parks and halls|102,350|72,597|
|League fees|5,743|5,206|
|CoursesStrips,|kit, equipment etc|8.071|9,520|
|Trophies|7,668|3,090|
|Sundries|and medals|1,065|961|
|Park|10,196|2,622|
|Improvements|12,795|33,101|
|147,888|127,097|
|Governance|costs|
|Other operating leases|647|647|
|Professional|fees|300|300|
|Bank Charges|5,541|5,251|
|6,488|6,198|
|Total resources expended|159,231|137,395|
|Net Income/(expenditure)|(4,632)|22,430|
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This page does not form part of the statutory financial statements
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