DENIS LAW LEGACY TRUST REGISTERED CHARITY NUMBER: SC043169 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR DENIS LAW LEGACY TRUST pENIS LA 10
DENIS LAW LEGACY TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7-11
DENIS LAW LEGACY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The TrLJSte8s present their report with financial statements of the charity for the yèar ended 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities, preparing their accounts in accordance with the Financial Reporting Standard applicabla in the UK and Republic of Ireland (FRS1021 REFERENCE AND ADMINISTRATION DETAILS Registered Charlty number SC043169 Principal address Trustees.. Inde enLYent Exarniner TaxAsslsi Accountants Chartered Accountants 59 High Street Bancttory AB315TJ Bankers Virgin Money 1 Queens cross Aberdeen AB15 4XU STRUCTURE GOVERNANCE AND MANAGEMENT Gov•rnlng do¢um•nt Denis Law Legacy Trust 13 a trust which is governed by its Trust Deed. It has been a recognised Scottish Charity since 22 May 2012 (SC043169) Recruitment and appointment and tralnlng of new trustees Trustees are appointed by members and other Trustees. The number of Trustees must always be maintained at not less than 3. Induction and training will be considered on an ongoing basis particularly in the event of a new Trustee being adopted.
DENIS LAW LEGACY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Organisational Structure The activities of the Denis Law Legacy Trust are governed by the Board ofTrustees. The Trustees meet regularly during the year and these meetings are attended by all or a majority of the Trustees. Risk Management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finance of the Trust and are satisfied that systems are in place to mitigate their exposure to the major risks. Objectives and Activities The charities princip81 purposes are: Supporting & empowerlng young people to be confident, capable, independent and responsible citizens within their communities. The organisation's purposes are to advance public participation in sport, the arts, and culture and provide recreational facilities to improve the conditions of the young people of the Grampian Region as well as relieving those in need from deprived areas in Aberdeen and Aberdeenshire. This will be achieved by.. To provide community based events and activities that are free of charge and accessible to all. To promote participation, social inclusion and integration. To motivate and empower young people through prevention, intervention and diversionary activities. To promote respect, civic values and social responsibility within communities and help reduce instances of youth crime and anti-social behaviour. To promote health and wellbeing and discourage the misLsse of substances, drugs and alcohol. To promote educatlon and creativity and the development of self-confidence, initiative and interpersonal skills. To support and reconnect disaffected young people by providing alternative activities and opportunities for achievement. To provide a platform for positive transformation. To provide volunteers with opportunities to engage with and pursue personal development activities and qualifications. To work in partnership and collaborate with all parties who share our common objectives for the benefit of communities and young people, Objectives, Achievements and Performance for the Year The Trustees aim to continue to raise funds to support the annual community soccer tournament. The major fundraising activity was the Annual Fundraising Dinner which was held in Aberdeen in November 2024. The trust continues to raise funds for the Streetsport project, which is a funded by the trust, administered operationally by Robert Gordon University. Streetsport is a 'diversionary tactics initiative, that actively reduces instances of youth crime and anti-social behaviour. Established in 2006, the project uses sports and other creative activities to provide alternatives for young people during the evenings by deploying mobile activity arenas into locations throughout the city, taking activities directly to young people within their own communities. Plans for the Future The Trustees wish to expand the activities of the Trust through additional fundraising and working in partnership with the local business community.
DENIS LAW LEGACY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Reserves Policy Trustees will distribute unrestricted funds in line with the Trusts, objectives. Unrestricted reserves are currently £121,078 which the trustees wish to use to expand the activities of the Trust. Restricted reserves are held for the Streetsport project. Restricted reseNes are Current £74,538. Taxation The Trust has no liability to taxation for the year to 31 March 2025. (2024.. £nil) Flnanclal Infomiatlon Activities and the financial position of the Trust at 31 M8rch 2025 is disclosed in the Statement of Financial Actwity and Balance Sheet on page 5-6. This report was approved by the Trustees on 20tt) November 2025 and signed on its behalf by.. By order of the Trustee8 Trustee
DEMIS LAW LEGACY TRUST INDEPENDENT EXAMINERS REPORT TO THETRUSTEES I report on the accounts of the charity for the period ended 31 March 2025 which are sel out on pagè$ 5 to 11. This report is made to the charity's board of Trustees. as 8 body. in accordance with the terms of engagement. Mywork has been undertaken lo enable me to undertake 8n independent examination of thè charity's accounts on behalf of the charity's board of Trustees and for no other purpose. To the fullest extent perrnitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's board of Trustees as body. for my work or for this report. Respectlve responslbllltles of Trustees and examlner The charity's Trustees are responsible for the preparatlon of the aGcounts In accordance wlth the terms Df the Charilies and Trustee Investment (Scolland)Act 2005 and the CharltlesAccounts (Scotland) Regulations 2006 (as amended). The charity's Trustees consider that the audit iequirement of Regulation 10(1)(a) to (G) of the 2008 AcGounts Regulations does not apply. It is my responsibility to examine the accounts as requlred under Section 4411)(c) of the Act and tc state whether particular matters have come to rny attention. Bas18 of the Independent examiner's report My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity 8nd a comparison of the accounts presented with those records. It also includes consideration of any unusual items ordisclosures in the accounts and saeks explanations from you as the 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. Indop•nd•nt oxJrnln?V• •tatern•nt In the ¢our8e of my exarnination, no matter ha3 Gome to my attention.. which gives me reasonable cause lo believe that, in any material respect, the requirernents to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 Of the 2006 Accounts Regulations., and to prepare accounts which accord with the 8ccounting records and cornply with Regulation 8 of the 2006 Accounts Regulations have not been mel,, or to which, In my opinion, attention should be drawn in crder 10 enable a proper understanding of the accounts to be reached. On behalf ol Aberdeen Tax And Aceounllng Servlces Lld Chartered Accountants Aberdeen 20" November 2026
DENIS LAW LEGACYTRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 As Restated 2024 Total Note Restrlcted Unrestricted Funds Funds Total INCOMING RESOURCES Incoming resource8 from generated funds Voluntary Income Activities for generating funds Investment Income 227,093 7,965 104,185 331,278 160,520 168,485 4,215 4,215 208,448 85,883 10,989 Total Incomlng Resources 235,058 268,920 503,978 305,320 RESOURCES EXPENDED Costs of generating funds Dinner and Auction Costs Cost of charitable actlvltles Governance costs 55,703 55,703 168,946 390,369 33,374 341,047 221,423 Total Resource8 Expended 221,423 224,649 446,072 374,421 Net movement in funds for the period 13,635 44,270 57,906 169,101) Transfer beeen funds RECONCILIATION OF FUNDS Total Funds at 31 March 2024 Total Funds at 31 March 2025 60,903 74,538 76,807 137,710 121,078 195,616 206,811 137,710 The notes on pages 7 to 11 form part of these financial statements
DENIS LAW LEGACYTRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 As Restated 2024 Total Note Restrlcted Unre8trlcted Funds Funds Total FIXED ASSETS Tangible Assets 5,040 5,040 CURRENT ASSETS Stocks Debtors Cash at Bank and in Hand 10 11 3,658 119,121 127,819 3,658 139 683 258,804 139,683 267,502 190.991 190,991 Creditors: Amounts falling du8 within one year 12 (71,886) 171,886) {53,280) NET CURRENT ASSETS 127 819 67 797 195 616 137710 TOTALASSETS LESS CURRENT LIABILITIES 127,819 67,797 195,616 137,710 NET ASSETS 127 819 67 797 195 616 137,710 Rgpresented by: FUNDS Unrestricted Funds Restricted Funds TOTAL FUNDS 13 121,078 121,078 74,538 121078 195,616 76,807 60,903 137,710 74 538 The financlal statements were approved by the Trustees on 201h November 2025 and signed on its behalf by.. Trustee The notes on pages 7 to 11 form part of these financial statements
DENIS LAW LEGACY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1 ACCOUNTING POLICIES Basis of pparation The Denis Law Legacy Trust is a charitable trust in the United Kingdom. The address ofthe principle office is Robert Gordon Sport, Robert Gordon University, Garthdee Road, Aberdeen, AB10 7GE. The nature of the charity's operations and principal activities are supporting & empowering young people to be confident, capable, independent and responsible citizens within their communities. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to the accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charitie sand Trustee Investment (Scotland} Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The financial statements are prepared in sterling which is the functional currency of the charity. Monetary amounts in these financial statement are round to the nearest £. Going concern The financial statements have been prepared on 8 going concern basis. The trustees believe that there are no material uncertainties that call into doubt the charity's ability to continue. The Trustees have assessed the Trust's ability to continue as a going concern and have a reasonable expectation that the Trust has adequate resources to continue in the operational existence for the foreseeable future. Thu8, they continu8 to adopt th8 going concern basis of accounting in preparing these accounts. Incoming Resources All income is accounted for when the charity has received entitlement to them. Voluntary income including grants that provide core funding are of general nature and are recognised where there is entitlement, Certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when,. The donor specifies that the grant or donation must only be used in future accounting periods,. or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Income includes donations received and money raised from fundraising activities which are recognised when received. Interest on bank deposits is credited in the year in which they are receivable. Activities for generating funds comprise income derived from fundraising events and sale of maquettes. Resources Expended All expenditure is included on an accruals basis and is recognised when there is a legal obligation to pay for expenditure. The Trust is not registered ft)r VAT and accordingly expenditure is shown inclusive of VAT where applicable.
DENIS LAW LEGACY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Tangible flxed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on the cost of the tangible fixed assets shown in the balance sheet in order to write off the cost or valuation over their estimated useful life on a straight line basis. Stocks stocks are stated at the lower of cost and net realisable value. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount. 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 objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for a specific purpose. VOLUNTARY INCOME As Restated Total 2024 Restricted 2025 Unrestrlcted 2025 Total 2025 Donations 227,093 104,185 331,278 208,448 In 2024 £183,556 of Donations were attributable to restricted funds and £24,892 to unrestricted funds. ACTIVITIES FOR GENERATING FUNDS Restricted 2025 Unrestricted 2025 Total 2025 Total 2024 Fundraising Dinner and Auction 7,964 160,520 168,485 85,883
DENIS LAW LEGACY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME Restricted Unrestricted 2025 2025 Totsl 2025 Total 2024 Bank Interest 4,215 4,215 10,988 COST OF GENERATING FUNDS Restricted 2025 Unrestricted 2025 Total 2025 Total 2024 Fundraising Dinner Costs Fundraising Auction Costs 55,703 55,703 33,374 55,703 55,703 33,374 COSTS OF CHARITABLE ACTIVITIES Restricted 2025 Unrestricted 2025 Total 2025 Total 2024 Streetsport: Salary Contract Salary PT Salary Travel & Accommodation Staff CPD Lets Van Equipment Mobiles Marketing & Printing Uniform Additional Admin Training Depreciation Other Miscellaneous Club 10 72,000 15,000 14,000 92.416 20,036 27,569 4,483 164,416 35,036 41,569 4,483 4,168 221 2,688 11,197 86 2,217 9.554 932 40,634 135,059 44,733 39,325 2,293 3,179 4,540 2,903 11,132 358 2,290 5,198 1,524 16,969 4,168 221 2,688 11,197 86 2,217 707 932 1,224 8,847 39,410 25,256 31,545 221,423 6,164 10,202 168.946 31,420 41,747 390,369 22,457 49,086 341,046 In 2024 £204,291 of costs were attributable to restricted funds and £136,755 to unrestricted funds.
DENIS LAW LEGACY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 GOVERNANCE COSTS Restricted 2025 Unrestricted 2025 Total 2025 Total 2024 Safeguarding Platform Independent Examiners Fees 8 TRUSTEES, REMUNERATION AND BENEFIT Tlio,rc were no Trustees, remuneration or other benefits for the year ended 31 March 2025 (2024.. nil} Trusteptr, Expenses There were no expenses reimbursed during the year12024'. nil) 9 TANGIBLE FIXED ASSETS Equipment Denis Law Scotland Cap Total COST At 1 April 2024 Additions Disposals At 31 March 2025 27,205 27,205 5,040 5,040 27,205 5,040 27,205 DEPRECIATION At 1 April 2024 Charge for period On Disposals At 31 March 2025 27,205 27,205 27,205 27,205 NET BOOK VALUE At 31 March 2024 At 31 March 2025 5,040 5,040 In 2024 and 2023 all tangible fixed assets related to unrestricted funds. 10 STOCK 2025 2024 Maquettes In 2024 no stock was recorded. 10
DENIS LAW LEGACY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepayments 3,658 3,658 In 2024 no debtor5 recorded. 12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR As Restated 2024 2025 Creditors Accruals 71,886 53,280 71,886 53,280 In 2025 £nil12024 - £nil> related to restricted funds and £71,886 {2024 - £53,280) to unrestricted funds. 13 MOVEMENT IN FUNDS At 1 Aprll Incoming Resources 2024 Resources Expended Transfer (As Restated) At 31 March 2025 Unrestricted Fund Restricted Funds.. 76,807 268,920 224,649 121,078 Streetsport 60,903 235,058 221,423 74,538 137,710 503,978 446,072 195,616 The restricted fund is to cover the cost of the Streetsport Project which is administered by the Denis Law Legacy Trust. 14 RELATED PARTY The Trust was under the control of its Trustees during the year.