Docusign Envelope ID: CFAFDF21-C3C7-8F80-800E-2830432ED1A9
Charity number: SC044195
Ayrshire Climbing Centre
Trustees' report and financial statements
for the year ended 31 August 2025
Docusign Envelope ID: CFAFDF21-C3C7-8F80-800E-2830432ED1A9
Ayrshire Climbing Centre
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 - 5 |
| Independent examiners' report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 17 |
Docusign Envelope ID: CFAFDF21-C3C7-8F80-800E-2830432ED1A9
Ayrshire Climbing Centre
Legal and administrative information
Charity number SC044195 Registered office The Grange Church Woodstock Street Kilmarnock Ayrshire KA1 2BE Trustees Gayle Watson Chair David Munn Secretary Steven Rawding Vice Chair Stephen McCutcheon Stephen Walton Accountants KFMCO Limited Chartered Certified Accountants 52 Main Street Ayr KA8 8EF
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Ayrshire Climbing Centre
Report of the trustees (incorporating the directors' report) for the year ended 31 August 2025
The trustees present their report together with the financial statements of the charity for the year ending 31 August 2025.
The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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 (FRS102).
Structure, governance and management
Recruitment and appointment of Trustees
The Charity is based in Kilmarnock, East Ayrshire with Trustees drawn from the local community, and who are appointed by the Board at the Annual General Meeting.
The charity name was amended in January 2026, changing from its original name of Above Adventure to become Ayrshire Climbing Centre.
Objectives and activities
Charitable purposes
The organisation's purposes are to prevent or reduce homelessness and to accompany those with addictions throughout their journey to recovery by the provision of goods and services for those homeless; at risk of homelessness; those experiencing poverty or addiction or otherwise marginalised within the East Ayrshire local authority area.
Specifically this is by means of a thrice weekly one stop drop-in providing access to professional services for anyone in need, an innovative Recovery Hub assisting hard to reach people with addictions through their recovery journey. The Friendly Fresh Start project which provides household packs to families entering a tenancy, and hygiene packs and food parcels to every individual or family who presents as homeless.
Throughout the year, Above Adventure has continued to achieve its charitable objectives, focusing on the provision of accessible and inclusive climbing opportunities, supporting community engagement, and promoting physical activity across Ayrshire. The year has seen continued growth in membership and programme delivery, further consolidation of the organisation's financial position, and the ongoing development of outreach work with disadvantaged and marginalised groups.
The charity meets the definition of a public benefit entity under FRS102.
Achievements and performance
Climbing Centre Operations
Above Adventure's Indoor Climbing Centre has continued to operate as the focal point of the charity's activities. Following the completion of Phase 2 of the capital development project in the prior year, the 2024-25 year has been one of embedding and maximising the use of the enhanced facilities, with a marked increase in footfall and programme activity across all areas of the centre.
Instructor-led Groups and Outreach
Above Adventure has continued to provide instructor-led climbing sessions for disadvantaged individuals, schools, charities, and other community organisations. These sessions are designed to promote social inclusion, improve confidence and resilience, and support the physical and mental wellbeing of participants. The charity has maintained strong partnerships with local agencies and educational institutions to extend its reach to those most in need.
Funded outreach activities were delivered throughout the year, including introductory climbing sessions and tailored programmes for at-risk and marginalised groups. External funding has enabled Above Adventure to broaden access to its services, providing positive developmental opportunities to individuals who may otherwise face barriers to participation.
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Docusign Envelope ID: CFAFDF21-C3C7-8F80-800E-2830432ED1A9
Ayrshire Climbing Centre
Report of the trustees (incorporating the directors' report) for the year ended 31 August 2025
Mobile Climbing Tower Programme
The Mobile Climbing Tower programme has continued to grow in reach and impact. Events were delivered across Ayrshire, engaging participants from a wide range of communities and backgrounds. These initiatives contribute to raising awareness of the charity's services and promoting physical activity within local communities, while also generating income to support the charity's wider operations.
Youth Climbing Series (YCS) Competition
Above Adventure hosted a further round of Climb Scotland's Youth Climbing Series (YCS) competition during the year, welcoming young climbers from across the country. The hosting of this national event continues to establish the organisation's profile within the climbing community and demonstrates the high standard of its facilities. The event was well attended and received positively by participants, parents, and officials alike.
Elite Athlete Training and Community Inspiration
The centre has continued to attract high-performance athletes, further demonstrating the quality and suitability of its infrastructure. The association with elite-level climbing serves to inspire the broader climbing community and enhances Above Adventure's reputation as a centre of excellence.
Volunteer and Staff Development
Significant effort has been made during the year to develop both the volunteer base and the staff team. Structured training opportunities have been provided, and investment has been made in continuous professional development to ensure high standards of service delivery and safety are maintained. Youth work experience placements have also been offered, providing young people with meaningful skills and employability development.
Financial review
The Trustees confirm that the financial affairs of the charity have been managed in accordance with the requirements of the Charities Accounts (Scotland) Regulations 2006. The charity's reserves position remains stable, providing a solid foundation for future activity and planned development.
Efforts continue to be made to diversify funding streams, including through membership growth, grant funding, event income, and service delivery. Cost control measures remain in place to ensure the financial sustainability of the organisation.
Risk Management
The Trustees continually assess the major risks to which the charity is exposed, particularly those related to the operations and finances of the organisation. Systems and procedures have been established to mitigate those risks, including regular financial reporting, health and safety compliance reviews, and safeguarding practices.
Reserves Policy
The Trustees have adopted a reserves policy which ensures that there are sufficient unrestricted funds to meet ongoing operational commitments and to provide financial stability in the event of unforeseen circumstances. The target level of reserves is reviewed annually in line with financial projections and operational needs.
The trustees recognise that general funds were in deficit at the year end, albeit having reduced due to the operation of the bouldering and climbing centre and the intent is that unrestriced funds will improve in due course.
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Ayrshire Climbing Centre
Report of the trustees (incorporating the directors' report) for the year ended 31 August 2025
Plans for future periods
The Trustees have identified the following priorities for the coming year:
-
Membership Growth: Continue to implement targeted marketing initiatives and introduce incentives to expand the charity's membership base.
-
Outreach Expansion: Increase the provision of instructor-led outreach sessions to disadvantaged groups, working in collaboration with partner agencies
-
-Mobile Climbing Tower Programme: Continue and expand the delivery of mobile climbing events to engage wider audiences across Ayrshire and beyond.
-
Volunteer Development: Grow and support the volunteer base through ongoing recruitment and structured training opportunities.
-
Staff Training: Invest in the continuous professional development of staff, ensuring high standards of service delivery and safety.
-
Youth Work Experience Programmes: Continue to provide structured work experience placements for young people to support skills development and employability.
-
Financial Sustainability: Continue to diversify income streams and maintain robust financial controls to ensure the long-term sustainability of the organisation.
The Trustees remain committed to the strategic development of Above Adventure and to maintaining its role as an accessible, inclusive, and high-quality climbing facility serving the needs of the local and wider community.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotland) Act 2005, Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution, 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 charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and
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explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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Ayrshire Climbing Centre
Report of the trustees (incorporating the directors' report) for the year ended 31 August 2025
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. 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.
The trustees recommend that KFMCO Limited remain in office until further notice.
On behalf of the board
Gayle Watson Trustee
20 May 2026
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Ayrshire Climbing Centre
Independent examiner's report to the trustees on the unaudited financial statements of Ayrshire Climbing Centre.
I report on the financial statements of Ayrshire Climbing Centre for the year ended 31 August 2025 which comprise the statement of financial activities, the balance sheet and the related notes.
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the accounting policies set out therein.
Respective responsibilities of trustees and independent examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations (2006). They 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 independent examiner's statement
My examination was carried out in accordance with Regulation 11 of the Charity Accounts (Scotland) Regulations (2006). 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 connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations; and
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Regulations
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Scott McPherson FCCA
KFMCO Limited
Chartered Certified Accountants 52 Main Street
Ayr KA8 8EF
20 May 2026
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Ayrshire Climbing Centre
Statement of financial activities (incorporating the income and expenditure account)
For the year ended 31 August 2025
| Unrestricted Restricted funds funds Notes £ £ Incoming resources Incoming resources from generating funds: Voluntary income 2 148,158 - Activities for generating funds 3 264,552 - Investment income 4 672 - Total incoming resources 413,382 - Resources expended Charitable activities 5 421,006 136,786 Governance costs 7 1,850 - Total resources expended 422,856 136,786 Net income/expenditure for the year ) (9,474 ) (136,786 Total funds brought forward 115,564 714,955 Total funds carried forward 106,090 578,169 |
2025 2024 Total Total £ £ 148,158 56,813 264,552 229,633 672 3,282 413,382 289,728 557,792 647,884 1,850 1,850 559,642 649,734 ) (146,260 ) (360,006 830,519 1,190,525 684,259 830,519 |
|---|---|
The notes on pages 9 to 17 form an integral part of these financial statements.
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Ayrshire Climbing Centre
Balance sheet as at 31 August 2025
| Notes Fixed assets Tangible assets 14 Current assets Stocks Debtors 15 Cash at bank and on hand Creditors: amounts falling due within one year 16 Net current liabilities Total assets less current liabilities Creditors: amounts falling due after more than one year 17 Net assets Funds 18 Restricted income funds Unrestricted income funds Total funds |
2025 £ £ 1,198,280 3,905 26,038 26,568 56,511 ) (347,437 ) (290,926 907,354 ) (223,095 684,259 578,169 106,090 684,259 |
2024 £ £ 1,125,784 12,036 31,763 129,468 173,267 ) (220,701 ) (47,434 1,078,350 ) (247,831 830,519 714,955 115,564 830,519 |
|---|---|---|
The financial statements were approved by the Board on 20 May 2026 and signed on its behalf by
Gayle Watson Trustee
The notes on pages 9 to 17 form an integral part of these financial statements.
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Ayrshire Climbing Centre
Notes to financial statements for the year ended 31 August 2025
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout this and the preceding year.
1.1. Basis of accounting
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) the Charities and Trustee Investment (Scotland) Act 2005 and the Scottish Charitable Incorporarted Organisations Regulations 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
1.2. Fund accounting policy
Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the Trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the Trustees' discretion to apply the funds.
1.3. Incoming resources policy
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of 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.
Donations and legacies consists of donations, grants and legacies. Donations are recognised when the charity is entitled to the income, receipt of the income is probable and the amount can be measured reliably. Income from grants, not subject to performance related conditions, is recognised when the charity has entitlement to the funds, it is probable that the income will be received, the amount can be measured reliability and it is not deferred.
Income from government grants is recognised when received as the accrual model is not permitted by the Statement of Recommended Practice. Legacy income is recognised when it is probable that it will be received.
Charitable activities income is received from the sale of goods and services offered as part of the charitable activities of the charity. Income from performance related grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliability.
Other trading activities consists of income received from Climbing centre, fundraising and hire of the mobile climbing tower. Income is recognised when it is probable that it will be received.
Investment income consists of bank interest received. Investment income is included when receipt is probable, and the amount can be measured reliably.
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Docusign Envelope ID: CFAFDF21-C3C7-8F80-800E-2830432ED1A9
Ayrshire Climbing Centre
Notes to financial statements for the year ended 31 August 2025
1.4. Resources expended policy
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure has been classified under the headings that aggregate all costs 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 the resources.
Expenditure is recognised on an accrual basis when a legal liability is incurred, payment of the liability is probable and the amount can be measured reliably. Expenditure to which it relates shall exclude recoverable VAT.
Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading.
Governance costs are those costs incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - 2% on cost Computer equipment - 20% on cost Furniture and equipment - 33% on cost Motor vehicles - 25% on reducing balance Computer equipment - 33% on cost
1.6. Stock
Stock is valued at the lower of cost and net realisable value.
1.7. Defined contribution pension schemes
The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.
1.8. Charitable activities
Charitable activities comprise all resources expended undertaking work to meet the charity's charitable objectives. Such costs include the direct costs of charitable activities approved by the charity and all support costs relating to these activities. Governance costs include direct resources expended in the general running of the charity and are primarily associated with constitutional and statutory requirements. These costs are allocated entirely to charitable activities.
1.9. Allocation and apportionment of costs
Support costs are allocated wholly to charitable activities. Whilst the Trustees recognise that a small part of some items of expenditure included in support costs do relate to indirect governance costs, they are of the opinion that the time and costs involved in performing such an analysis outweigh the potential benefits arising from any such work.
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Docusign Envelope ID: CFAFDF21-C3C7-8F80-800E-2830432ED1A9
Ayrshire Climbing Centre
Notes to financial statements for the year ended 31 August 2025
| 2. Voluntary income Unrestricted funds £ Donations 1,337 Grants 146,821 148,158 Grants received, included in the above, are as follows: Other small grants BBC Children in Need Foundation Scotland East Ayrshire Council 3. Activities for generating funds Unrestricted funds £ Mobile Climbing Tower hire 4,075 Climbing Centre Income 124,594 Membership income 82,231 Cafe and retail sales 53,652 264,552 4. Investment income Unrestricted funds £ Bank interest receivable 672 672 |
2025 Total £ 1,337 146,821 148,158 2025 Total £ 2,275 - 8,000 136,546 146,821 2025 Total £ 4,075 124,594 82,231 53,652 264,552 2025 Total £ 672 672 |
2024 Total £ 2,780 54,033 |
|---|---|---|
| 56,813 | ||
| 2024 Total £ 3,792 10,000 - 40,241 |
||
| 54,033 | ||
| 2024 Total £ 11,308 117,781 52,851 47,693 |
||
| 229,633 | ||
| 2024 Total £ 3,282 |
||
| 3,282 |
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Docusign Envelope ID: CFAFDF21-C3C7-8F80-800E-2830432ED1A9
Ayrshire Climbing Centre
Notes to financial statements for the year ended 31 August 2025
| 5. Costs of charitable activities - by fund type Unrestricted Restricted funds funds £ £ Principal activity (see note 6) 260,041 29,384 Support costs (see note 9) 160,965 107,402 421,006 136,786 6. Costs of charitable activities - main activity Activities undertaken directly £ Wages & Salaries 129,581 Social security 9,974 Pension costs 1,792 Facilitators and instructors 8,404 Trustees' salaries 48,299 Room hire and rates 2,960 Repairs and maintenance 29,384 Advertising 13,482 Volunteers expenses - Purchases 45,547 289,424 7. Governance costs Unrestricted funds £ Accountancy fees 1,850 1,850 |
2025 Total £ 289,424 268,367 557,791 2025 Total £ 129,581 9,974 1,792 8,404 48,299 2,960 29,384 13,482 - 45,547 289,424 2025 Total £ 1,850 1,850 |
2024 Total £ 383,675 264,209 647,884 2024 Total £ 145,012 7,441 1,163 11,028 43,467 2,467 125,049 9,627 65 38,356 383,675 2024 Total £ 1,850 1,850 |
|---|---|---|
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Docusign Envelope ID: CFAFDF21-C3C7-8F80-800E-2830432ED1A9
Ayrshire Climbing Centre
Notes to financial statements for the year ended 31 August 2025
8. Analysis of support costs
| Cost of charitable activities £ Heat & light 19,054 Insurance 26,792 Training and recruitment 11,857 Computer costs 12,865 Motor expenses 2,485 Cleaning 3,594 Legal and professional fees 63,956 Telephone 1,467 Postage and stationery 4,862 Depreciation 96,102 General expenses 6,906 Loan 17,504 Bank charges 923 268,367 Net outgoing resources for the year Net outgoing resources is stated after charging: Depreciation and other amounts written off tangible fixed assets |
2025 Total £ 19,054 26,792 11,857 12,865 2,485 3,594 63,956 1,467 4,862 96,102 6,906 17,504 923 268,367 2025 £ 96,102 |
2024 Total £ 12,411 13,146 6,858 11,547 5,205 3,432 66,786 1,345 159 113,106 9,790 19,597 827 |
|---|---|---|
| 264,209 | ||
| 2024 £ 113,106 |
9. Net outgoing resources for the year
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Docusign Envelope ID: CFAFDF21-C3C7-8F80-800E-2830432ED1A9
Ayrshire Climbing Centre
Notes to financial statements for the year ended 31 August 2025
10. Employees
| Employment costs Wages and salaries Social security costs Pension costs |
2025 £ 177,880 9,974 1,792 189,646 |
2024 £ 188,479 7,441 1,163 |
|---|---|---|
| 197,083 |
No employee received emoluments of more than £60,000 (2024 : None).
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
Trustees Staff |
2025 Number 2 10 12 |
2024 Number 2 10 |
|---|---|---|
| 12 |
11. Trustees' emoluments
| Trustees' emoluments | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Remuneration and other benefits | 48,299 | 43,467 |
12. Pension costs
The company operates a defined contribution pension scheme in respect of the staff. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £1,792 (2024 - £1,163).
13. Taxation
The charity is exempt from tax on its charitable activities.
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Docusign Envelope ID: CFAFDF21-C3C7-8F80-800E-2830432ED1A9
Ayrshire Climbing Centre
Notes to financial statements for the year ended 31 August 2025
| 14. Tangible fixed assets Freehold Plant & Furniture & property equipment fittings £ £ £ Cost At 1 September 2024 987,392 424,385 7,118 Additions 166,659 - 1,939 At 31 August 2025 1,154,051 424,385 9,057 Depreciation At 1 September 2024 58,691 242,762 4,877 Charge for the year 22,680 67,218 2,899 At 31 August 2025 81,371 309,980 7,776 Net book values At 31 August 2025 1,072,680 114,405 1,281 At 31 August 2024 928,701 181,623 2,241 |
Motor Computer vehicles equipment Total £ £ £ 23,499 4,231 1,446,625 - - 168,598 23,499 4,231 1,615,223 10,280 4,231 320,841 3,305 - 96,102 13,585 4,231 416,943 9,914 - 1,198,280 13,219 - 1,125,784 |
|---|---|
15. Debtors
| Debtors | ||
|---|---|---|
| Trade debtors Other debtors Prepayments and accrued income |
2025 £ - - 26,038 26,038 |
2024 £ 2,926 2,799 26,038 |
| 31,763 |
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Ayrshire Climbing Centre
Notes to financial statements for the year ended 31 August 2025
| 16. Creditors: amounts falling due within one year Bank loans and overdraft Trade creditors Other creditors |
2025 £ 23,640 300,787 23,010 347,437 |
2024 £ 22,138 138,143 60,420 |
|---|---|---|
| 220,701 |
A standard security was granted on 24 April 2023 in favour of Foundation Scotland over the property at Grange Church, Woodstock Street, Kilmarnock up to the first security limit securing the loan of £135,000 due by the charity.
A second ranking standard security granted on 1 February 2022 in favour of Architectural Heritage Fund securing the loan of £150,000 due by the charity over the property known as Grange Church, Woodstock Street, Kilmarnock.
A third ranking standard security in favour of East Ayrshire Council and Historic Scotland pari pass inter se. Granted on 27 February 2020 to East Ayrshire Council, securing both the Regeneration Capital Grant Fund of £2,469,911 and Renewable Energy Fund of £305,000. Granted on 10 February 2022 to Historic Environmental Scotland, securing the grant of £622,068 ove the property at Grange Church, Woodstock Street, KIlmarnock. In addition, a charge was created on 7 December 2022, in favour of East Ayrshire Council, for securing the addtional grant of £150,000 received by the charity.
A fourth ranking security was granted in favour of Foundation Scotland to the extent of the Foundation Scotland first security limit, over the property at Grange Church, Woodstock Street, Kilmarnock.
A fifth ranking security was granted in favour of Architectural Heritage Fund to the extent of the Architectural Heritage Fund second security limit, over the property at Grange Church, Woodstock Street, Kilmarnock.
A sixth ranking security was granted in favour of East Ayrshire Council and Historic Scotland pari pass inter se to the extent of the East Ayrshire Council and Historic Scotland third security limit, over the property at Grange Church, Woodstock Street, Kilmarnock.
| 17. | Creditors: amounts falling due | ||
|---|---|---|---|
| after more than one year | 2025 | 2024 | |
| £ | £ | ||
| Loans | 223,095 | 247,831 |
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Docusign Envelope ID: CFAFDF21-C3C7-8F80-800E-2830432ED1A9
Ayrshire Climbing Centre
Notes to financial statements for the year ended 31 August 2025
18. Analysis of net assets between funds
| 18. | Analysis of net assets between funds | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||||||||
| funds | funds | funds | |||||||||||
| £ | £ | £ | |||||||||||
| Fund balances at 31 August 2025 as represented by: | |||||||||||||
| Tangible fixed assets | 373,376 | 824,904 | 1,198,280 | ||||||||||
| Current assets | 56,511 | - | 56,511 | ||||||||||
| Current liabilities | (323,797 | ) | (23,640 | ) | (347,437 | ) | |||||||
| Long-term liabilities | - | (223,095 | ) | (223,095 | ) | ||||||||
| 106,090 | 578,169 | 684,259 | |||||||||||
| 19. | Unrestricted funds | At | At | ||||||||||
| 1 September | Incoming | Outgoing | 31 | August | |||||||||
| 2024 | resources | resources | 2025 | ||||||||||
| £ | £ | £ | £ | ||||||||||
| General fund | 115,564 | 413,382 | ) (422,856 |
106,090 |
Purposes of unrestricted funds
The general fund is for the operation of the charitable objectives of the charity at the discretion of the trustees.
| 20. | Restricted funds | At | At | ||
|---|---|---|---|---|---|
| 1 September | Outgoing | 31 August | |||
| 2024 | resources | 2025 | |||
| £ | £ | £ | |||
| Capital fund | 714,955 | (136,786 | ) | 578,169 |
Purposes of restricted funds
The capital fund represents costs for the creation and maintenance of the climbing and bouldering centre.
21. Related party transactions
Key management personnel are considered to be Gayle Watson and Stephen Rawding. The total paid out to them in the year amounted to £35,978.
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