## **Whitemoss Amateur Athletics Club** Registered Charity No. SC042681 ## **Annual Report and Financial Statements** For the year to 31 August 2024 ## **Trustees and Office Bearers Period Ended 31 August 2024** Trustees: Registered Charity No: SC042681 Registered Office: 71 Reay Avenue Springbank Gardens East Kilbride Glasgow G74 1QT Chair: Secretary: Treasurer: 1 ## **Whitemoss Amateur Athletics Club SC042681 Trustees Report** The trustees submit their annual report and financial statements for the year to 31 August 2024. All of the trustees named served throughout the year unless otherwise noted. ## **Structure, Governance and Management** The club’s governing document is the Constitution. The club is a registered charity (Charity No. SC042681). The principal office-bearers are elected each year at the Annual General Meeting (AGM). Any casual vacancies during the year are filled by appointment by the Committee, and confirmed or otherwise by election at the next AGM. Whitemoss Amateur Athletics Club (WAAC) was founded in 1990. The club has grown from this point and has evolved into a club that provides a progressive coaching structure that supports the development of athletes in line with the principles of Long Term Athlete Development (LTAD). ## **Trustees’ responsibilities in relation to the financial statements** The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities and Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 and the terms of the charity's founding deed. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Objectives and Activities** The objectives of the club are to provide facilities for and promote participation of the whole community in the sport of athletics in the East Kilbride area, including Track and Field, Cross Country and Road Running. ## **Activities in relation to these objectives include:** The club provides opportunities for Track and Field, Road Running and Cross Country through the delivery of weekly coaching sessions at the East Kilbride Athletics Stadium. John Wright Sports Centre. Additionally, the club is actively involved in national and local competition programmes in order to support the continued development and enjoyment of athletes, coaches and officials. We promote active health for all through the provision of athletics activities for 7 year olds to adults. ## **Financial Review** The financial results for the year to 31 August 2024 show a deficit of £12,623 which is after a depreciation charge of £8,552. The deficit on Unrestricted Funds amounted to £4,071 and there was a deficit of £8,552 on Restricted Funds relating to the depreciation charge. Our reserves stand at £137,994 of which £82,217 is Restricted Funds. ## **Reserves Policy** The Trustees’ policy is to retain sufficient reserves for three months running costs in order to meet commitments and any unexpected expenses. The position is monitored on a regular basis ## **Future Developments** The club has established an athletics hub to serve East Kilbride and District. This now provides a purpose built athletics facility. The club are continuing to look forward to ensuring the fullest use of the facility. 2 ## **Trustees** Details of the Committee are given on page 1. The charity has no employees. ## **Auditors** The Committee consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply and have arranged for an independent review of the accounts. ## **Funds held as Custodian Trustee on behalf of others** No investments were made or are held by the charity. Approved by the Trustees on 23 May 2025 and signed on their behalf by: 3 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WHrrEMOSS AMATEUR ATHLEfIcs CLUB (SC042681) I report on the accounts of the charty for the peiiod to 31 August 2024, which are set out on pages Stolo. Respective responsibilities of committee and examiner As described on page 2 the charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investsment (Scotland) Act 2005 and the Charities Accounts (Scoijand) regulations 2006 (as amended). The charity's trustees consider that an audit is not required for this year (under RegUlat￿n 10(1) (d) of the Charities Accounts (Scotland) Regulations 2006) and that an independent examination is needed. It is my reswnsibilty to examine the accounts (under section 44 (1) (c) of the Act) and to state whether pa￿CUlar matters have come to my attention. Basis of independent examiner's statement My examination was carried out in accordan￿ w￿h Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination indudes 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 seeks explanations from you as tsustees 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 ststement In connection my examination, no matter has come to my attention: which give5 me reasonable cause to believe that in any material respect, the requirements: to keep accounting records in aCcOrda￿e wth section 44 (1) (a) of the 2005 Act and Regulation 4 of the 2006 Accwnts Regulations; and to prepare accounts which accord with the accounting records and to comply with Regulation 9 of the 2CQ6 Accounts Regulations: have not b￿n met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Ire or Kirklee Associates Limited 4 Myrtle Avenue Lenie Glasgow G66 4HP 23 May 2025 ## **Whitemoss Amateur Athletics Club SC042681** ## **Statement of Receipts and Payments For the Year Ended 31 August 2024** |**Note**
**Receipts**
Voluntary Income
**1**
Total receipts
**Payments**
Costs of activities
**3**
Depreciation
Governance costs
**3**
Total payments
**Surplus / (deficit) for period**|**Unrestricted**
**Funds**
**£**
23,668
23,668
27,439
300
27,739
**(4,071)**|**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Year ended**
**Year ended**
**31 August 2024**
**31 August 2023**
**£**
**£**
**£**
-
23,668
23,785
-
23,668
23,785
-
27,439
24,200
8,552
8,552
8,552
-
300
130
8,552
36,291
32,882
**(8,552)**
**(12,623)**
**(9,097)**| |---|---|---| The notes on pages 7 to 10 form an integral part of these financial statments 5 ## **Whitemoss Amateur Athletics Club SC042681 Balance Sheet as at 31 August 2024** |||**31 August 2024**|**31 August 2023**| |---|---|---|---| ||**Note**|**£**|**£**| |**Fixed Assets**|||| |Athletics Hub building at cost||188,721|188,721| |Addition in year||-|-| |Aggregate Depreciation||(77,534)|(68,992)| |Net Written down value||111,187|119,729| |**Current Assets**|||| |Cash at bank and in hand||26,807|30,889| |Creditors: falling due within one year|**5**|-|-| |Net current assets||26,807|30,889| |**Total net assets**||**137,994**|**150,618**| |The funds of the charity:|||| |Unrestricted income funds||55,777|59,849| |Restricted funds||82,217|90,769| |**Total Charity funds**||**137,994**|**150,618**| The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities ( effective April 2008) The notes on pages 7 to 10 form an integral part of these financial statments 6 ## **Whitemoss Amateur Athletics Club** ## **SC042681 Notes to the Financial Statements for the Period Ended 31 August 2024** ## **Accounting policies** ## **Basis of preparation** These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). ## **Fund Accounting Policy** Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for a specific purpose. Further details of each fund are disclosed in note 7 7 ## **Whitemoss Amateur Athletics Club SC042681** ## **Notes to the Financial Statements for the Period Ended 31 August 2024** |**1 Voluntary income**
**Donations and legacies**
Memberships
Fundraising events
Hub access charge
Gift Aid
**2 Grants receivable**
Grants - other agencies|**Unrestricted**
**Funds**
**£**
17,360
-
5,602
-
**23,668**
**Unrestricted**
**Funds**
**£**
-|**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Year ended**
**Year ended**
**31 August 2024**
**31 August 2023**
**£**
**£**
**£**
-
17,360
19,688
-
-
2,352
5,602
-
-
-
1,745
**-**
**23,668**
**23,785**
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Year ended**
**Year ended**
**31 August 2024**
**31 August 2023**
**£**
**£**
**£**
-
-
**-**| |---|---|---| 8 ## **Whitemoss Amateur Athletics Club** ## **SC042681** ## **Notes to the Financial Statements for the Period Ended 31 August 2024** ## **3 Resources expended** |**Cost of activities**
Coaching fees and courses
Facility hire and insurance
Club development and equipment purchases
Affiliation and entry fees
Hub maintenance costs
Flooring
Sundry and other costs
Awards and social
Depreciation
**Governance costs**
Independent examiner's fee|**Unrestricted**
**Funds**
**£**
208
10,761
1,767
4,930
4,144
2,734
1,582
1,313
-
**27,439**
300|**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Year ended**
**Year ended**
**31 August 2024**
**31 August 2023**
**£**
**£**
**£**
-
208
3,508
-
10,761
7,380
-
1,767
3,072
-
4,930
3,715
4,144
3,134
2,734
-
1,582
642
1,313
2,749
8,552
8,552
8,552
**8,552**
**35,991**
**32,752**
-
300
130| |---|---|---| ## **4 Trustees' remuneration and expenses** No trustees received any remuneration during this period ## **5 Creditors: Amounts falling due within one year** Accruals and deferred income **31 August 2024 31 August 2023 £ £** - - 9 ## **Whitemoss Amateur Athletics Club** ## **SC042681 Notes to the Financial Statements for the Period Ended 31 August 2024** ## **6 Related parties** ## **Controlling entity** The charity is controlled by the trustees ## **7 Analysis of funds** |**General funds**
Unrestricted income fund
Transfer to restricted reserve
Unrestricted income fund
**Restricted Funds**
Building fund
Unrestricted income fund
**8 Net assets by funds**
Fixed Assets
Current assets
Net assets|**At 1**
**September**
**2023**
**£**
59,849
-
59,849
90,769
90,769
**Unrestricted**
**Funds**
**2024**
**£**
28,970
26,807
55,777|**Incoming**
**resources**
**£**
23,668
23,668
-
**Restricted**
**Funds**
**2024**
**£**
82,217
-
82,217|**Resources**
**expended**
**£**
(27,739)
-
(27,739)
(8,552)
(8,552)
**Total Funds**
**31 August**
**2024**
**£**
111,187
26,807
137,994|**At 31**
**August**
**2024**
**£**
55,778
-| |---|---|---|---|---| |||||55,778| |||||82,217| |||||82,217| |||||**Total Funds**
**31 August**
**2023**
**£**
119,729
30,889| |||||150,618| 10