APPENDIX 1 oscr Period start date Month Year 2024 Period end date Month Year 03 2025 Da 01 Da 31 From To Office of the Scottish Charity Regulator Reference and administration details Charity name Other names charity is known by Registered charity number Charity's principal address Inverkip Community Initiative SC044383 Kip Park Main Street Inverkip Renfrewshire Postcode PA16 OFZ Names of the charity trustees on date of approval of Trustees. Annual Report Name of person lor body) entitled to appoint trustee (if any) Trustee name Office (if any) Dates acted if not for whole year Board Member Chair Person Board Member Board Member Board Member Board Member Board Member Board Member Board Member 10 11 12 13 14 15 16 17 18 19 20
APPENDIX 1 Reference and administration details Names of all other charity trustees during the period, if any, (for example, those who resigned parl way through the financial period) Name Dates acted rf not for whole year Resigned February 2025 Structure, governance and management Type of governing document We are a Scottish Charitable Incorporated Organisation {SCIO) and registered with OCSR in 2013. We have a constitution in place. Trustee recruitment and appointment We currently have nine board members. As per the constitution they all stand for re-election at our AGM normally held in January of each year. Objectives and activities Charitable purposes The provision of recreational facilities, or the organisation of recreational facilities with the object of improving the conditions of life for the persons whom the facilities or activities are primarily intended. Summary of the main activities in relation to these objects Our facility allows us to create opportunities for leaming, sporting, health. recreational and social activities and ultimately improve the quality of lrfe and health and wellbeing of local residents. We run a variety of classes. worf<shops and other activities such as zumba, cycling. art group. skywatchers, camera group, genealogy, table tennis, football, exercise classes, slimming classes, knit and natter, film shows, guitar lessons, mums and toddler groups, music shows and other entertainment. The facility also hosts the local library (5 days per week) and day care sessions (1 day per week), plus community lunches, kip café project and the annual KID Fest Communitv Festival.
APPENDIX 1 Achievements and performance Summary of the main achievements of the charity during the financial period As previously, we continue to focus on our advertising and community engagement through social media to promote the hub's activities and satisfy the community's needs with a wide range of community and commercial activities. As a result of the above our footfall and community offerings have continued to grow steadily. The staff, committee and partners continue to work closely together to address the ongoing cost of living challenges. Unfortunately we have had to increases our prices for lets and activities, however, we are working wrth the local council to address both the challenges of energy and operational costs. Despite the difficult economic environment we have been able deliver diverse programme of events allowing the community to participate in a large number diverse activities. With the support of the community. We continue to build and develop an excellent staff team and volunteers and they continue to make a significant contribution to the success and continued improvements on the running of the hub and supporting the local community. Financial review Brief statement of the charity's policy on reserves The policy of the board is to retain a projected 3 month's worth of normal running costs and redundancy payments to meet commitments and to cover any unexpected expenditure. The current reserves figure is £48000 and our current available funds support this figure. The £48000 reserves funding is held in a restricted account.
Details of any deficit There is no deficit this year. Donated facilities and services (if any) Currently we have no donated facilities or services. APPENDIX 1 Other optional information
Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature{s) Full name(s) Position (e.g. Chair) Board Member Chair Person Date 0511112025 0511112025
Enter SC No. below
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Inverkip Community Initiative
SC044383
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receipts andpayments accounts For the period from Period start date Period end date to 01 04 2024 Day Month Year Day Month Year 31 03 2025 ~~—===-==~~ |
|||||||||||||||||||||||
| Section A Statement of receipts and payments | Section A Statement of receipts and payments | ||||||||||||||||||||||
| Unrestricted funds |
Restricted funds |
Expendable endowment funds |
Permanent endowment funds |
Total funds current period |
Total funds last period |
||||||||||||||||||
| to nearest £ | to nearest £ | to nearest £ | to nearest £ | to nearest £ | to nearest £ | ||||||||||||||||||
| A1 Receipts | |||||||||||||||||||||||
| Donations | 1,958 | 2 | 2,061 | 4 | 4 | 4 | 4,019 | 019 | 3,017 | ||||||||||||||
| Legacies | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Grants | - | - | 65 | 65,322 | 65 | 65 | 65 | 65,322 | 322 | 66,925 | |||||||||||||
| Receipts from fundraisingactivities | 2,766 | 2 | 2 | 2 | 2,766 | 766 | 5,266 | ||||||||||||||||
| Gross tradingreceipts | 65,022 | 65 | 65 | 65 | 65,022 | 022 | 61,805 | ||||||||||||||||
| Income from investments other than | |||||||||||||||||||||||
| land and buildings | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Rents from land & buildings | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Gross receipts from other charitable | |||||||||||||||||||||||
| activities | - | - | - | - | - | - | - | 577 | |||||||||||||||
| - | - | - | - | - | - | - | - | ||||||||||||||||
| A1 Sub total | A1 Sub total 69,746 | 67,383 | 67,383 | - | - | - | - | - | - | - | 137,129 | 137,129 | 137,129 | 137,129 | 137,129 | 137,589 | |||||||
| A2 Receipts from asset & | |||||||||||||||||||||||
| investment sales | |||||||||||||||||||||||
| Proceeds from sale of fixed assets Proceeds from sale of investments A2 Sub total - - - Total receipts 69,746 67,383 - ~~——=~~ |
- - |
- - |
- - |
- - - 137,129 |
- - - 137,129 |
- - - 137,129 |
- - - 137,129 |
- - - 137,129 |
- - - 137,589 ~~—~~ |
||||||||||||||
| A3 Payments | |||||||||||||||||||||||
| Expenses for fundraising activities | 13,758 | 13 | 13 | 13 | 13,758 | 758 | 6,734 | ||||||||||||||||
| Gross trading payments | - | - | - | - | - | - | |||||||||||||||||
| Investment management costs | - | - | - | - | - | - | |||||||||||||||||
| Payments relating directly to charitable | |||||||||||||||||||||||
| activities | 119 | 119,767 | 119 | 119 | 119 | 119,767 | 767 | 131,775 | |||||||||||||||
| Grants and donations | |||||||||||||||||||||||
| - | - | - | - | - | - | ||||||||||||||||||
| Governance costs: | |||||||||||||||||||||||
| - | - | - | - | - | - | ||||||||||||||||||
| Audit / independent examination | 725 | 725 | 725 | 725 | 725 | 725 | 725 | 720 | |||||||||||||||
| Preparation of annual accounts | - | - | - | - | - | - | |||||||||||||||||
| Legal costs | - | - | - | - | - | - | |||||||||||||||||
| Other | Other | ||||||||||||||||||||||
| - | - | - | - | - | - | ||||||||||||||||||
| - | - | - | - | - | - | ||||||||||||||||||
| **A3 Sub total ** | 13,758 | 120,492 | 120,492 | - | - | - | - | - | - | - | 134,250 | 134,250 | 134,250 | 134,250 | 134,250 | 139,229 | |||||||
| A4 Payments relating to asset and | |||||||||||||||||||||||
| investment movements | |||||||||||||||||||||||
| Purchases of fixed assets - Purchase of investments - - A4 Sub total - - - - - - Total payments 13,758 120,492 - - 134,250 139,229 ~~———————~~ |
|||||||||||||||||||||||
| Net receipts / (payments) A5 Transfers to / (from) funds Surplus / (deficit) for year |
55,988 53,109) ( - - 2,879 1,640) ( - 55,988 53,109) ( - - 2,879 1,640) ( ~~Ss55=~~ |
APPENDIX 2
Inverkip Community Initiative
SC044383
| Section B Statement of balances | Section B Statement of balances | ||||||
|---|---|---|---|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Investments B3 Other assets B5 Contingent liabilities B4 Liabilities |
Details | Unrestricted funds to nearest £ 43,292 2,046 |
Restricted funds to nearest £ 61,444 |
Expendable endowment funds to nearest £ |
Permanent endowment funds to nearest £ |
Total current period to nearest £ |
Total last period to nearest £ |
| Bank balance at 31/03/2025 | 104,737 | 102,008 | |||||
| Cash in hand at 31/03/2025 | 2,046 | 2,818 | |||||
| - | - | ||||||
| Cash and bank balances at end of year Details |
45,338 | 61,444 | - | - | 106,782 | 104,827 | |
| Fund to which | asset belongs | Market valuation to nearest £ |
Last year to nearest £ |
||||
| Details | Fund to which | asset belongs | Total Cost (if available) to nearest £ |
- | - |
||
| Current value (if available) to nearest £ |
Last year to nearest £ |
||||||
| Bleacher Seating System | Clifford Lyons l | oan/donations | 86,849 | 86,849 | 86,849 | ||
| Air Care Matters (hand Dryers) | 996 | 996 | 996 | ||||
| Pineapple Leisure (Bouncy Castle) | 1,663 | 1,663 | 1,663 | ||||
| Cloch Double Glazing (Window Blinds) | 1,674 | 1,674 | 1,674 | ||||
| Blueparrot - replacement projector | 8,446 | 8,446 | 8,446 | ||||
| Cinema System | 12,268 | 12,268 | 12,268 | ||||
| Soundproofing | 10,293 | 10,293 | 10,293 | ||||
| Accounts Receivable | 1,560 | 1,560 | 1,510 | ||||
| Details | Total 123,749 Fund to which liability relates |
123,749 | 123,749 | 123,699 | |||
| Amount due to nearest £ |
` to nearest £ |
||||||
| HMRC | PAYE | 2,834 | 2,602 | ||||
| People's Pension | March pension | 1,211 | 502 | ||||
| Accounts payable | 1,608 | 2,443 | |||||
| Accruals | accountancy | 700 | 720 | ||||
| Details | Total Fund to which liability relates |
6,354 | 6,267 | ||||
| Amount due (estimate) to nearest £ |
Last year to nearest £ |
||||||
| Signature | Total Print Name |
- | - |
||||
| Date of approval |
|||||||
APPENDIX 2
Inverkip Community Initiative
SC044383
Section C Notes to the Accounts
C1 Nature and purpose of funds (may be stated on analysis of funds worksheets) All Inverkip Community Initiative funds are held in a Bank Of Scotland Current Account and are used in payment of costs relating directly to charitable activities.
| C3a Trustee remuneration C4a Trustee expenses C2 Grants C3b Trustee remuneration - details C6 Other information C5 Transactions with trustees and connected persons C4b Trustee expenses - details |
Type of activity or project supported | Type of activity or project supported | Type of activity or project supported | Individual / institution | Individual / institution | Number of grants made £ |
Number of grants made £ |
|---|---|---|---|---|---|---|---|
| Total | - |
||||||
| If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b) |
X | ||||||
| Authority under which paid | £ | ||||||
| If no expenses were paid to any charity trustee during the period then cross this box (otherwise complete section 4b) |
X | ||||||
| N/A Nature of transaction |
Number of trustees |
£ | |||||
N/A Nature of relationship |
Transaction amount (£) |
Balance outstanding at period end (£) |
|||||
Notes
APPENDIX 2
Inverkip Community Initiative
SC044383
Additional analysis (1)
Analysis of receipts and payments
1 Donations
| 1 Donations | ||||||
|---|---|---|---|---|---|---|
| Unrestricted funds to nearest £ |
Restricted funds to nearest £ |
Expendable endowment funds to nearest £ |
Permanent endowment funds to nearest £ |
Total current period to nearest £ |
Total last period to nearest £ |
|
| - | - | |||||
| Donations | 1,958 | 2,061 | 4,019 | 3,017 | ||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Total | 1,958 | 2,061 | - | - | 4,019 | 3,017 |
2 Grants
| 2 Grants | |||||
|---|---|---|---|---|---|
| Unrestricted funds to nearest £ |
Restricted funds to nearest £ |
Total current period to nearest £ |
Total last period to nearest £ |
||
| Inverclyde Council | 30,000 | 30,000 | 30,000 | ||
| Inverclyde Council | - | 4,500 | |||
| Inverclyde Council - training funding | 728 | 728 | - | ||
| Inverclyde - LTU | 3,000 | 3,000 | 3,725 | ||
| Inverclyde - wage funding | 4,264 | 4,264 | - | ||
| Charities Trust | 418 | 418 | 500 | ||
| Inverclyde Community Grant | 2,000 | 2,000 | 1,000 | ||
| Kip Fest | - | 3,000 | |||
| Impact Funding | 12,922 | 12,922 | 6,400 | ||
| Growgreen Scotland | - | 500 | |||
| Parklea Association | - | 300 | |||
| Renfewshire Council - Blooming Inverkip Grant | - | 5,000 | |||
| Renfewshire Council - LAG Community Lunches Project | 11,990 | 11,990 | 2,000 | ||
| Cyclist Club - Cycling Grant | - | 6,000 | |||
| IC - Gardening Grant | - | 4,000 | |||
| Total | - | 65,322 | 65,322 | 66,925 |
3 Gross receipts from other charitable activities
| 3 Gross receipts from other charitable activities | ||||||
|---|---|---|---|---|---|---|
| Unrestricted funds to nearest £ |
Restricted funds to nearest £ |
Expendable endowment funds to nearest £ |
Permanent endowment funds to nearest £ |
Total current period to nearest £ |
Total last period to nearest £ |
|
| TradingActivities | 65,022 | 65,022 | 54,082 | |||
| Fundraising | 2,766 | - | 2,766 | 8,337 | ||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Total | 67,788 | - | - | - | 67,788 | 62,419 |
4 Payments relating directly to charitable activities
| 4 Payments relating directly to charitable activities | ||||||
|---|---|---|---|---|---|---|
| Unrestricted funds to nearest £ |
Restricted funds to nearest £ |
Expendable endowment funds to nearest £ |
Permanent endowment funds to nearest £ |
Total current period to nearest £ |
Total last period to nearest £ |
|
| Payments made | 13,758 | 120,492 | 134,250 | 139,229 | ||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Total | 13,758 | 120,492 | - | - | 134,250 | 139,229 |
APPENDIX 2
SC044383
Inverkip Community Initiative
Additional analysis (2)
5 Breakdown of unrestricted funds
| Receipts | Unrestricted fund 1 - enter name of fund below |
Unrestricted fund 2 - enter name of fund below |
Unrestricted fund 3 - enter name of fund below |
Unrestricted fund 4 - enter name of fund below |
Total unrestricted funds |
Total unrestricted funds last period 1,942 - - 5,266 61,805 - - 577 69,589 - - - 69,589 6,734 - - - - ` - - - - - - 6,734 - - - 6,734 62,856 62,856 |
|---|---|---|---|---|---|---|
| Donations | 1,958 | 1,958 | 1,942 | |||
| Legacies | - | - | ||||
| Grants | - | - | ||||
| Receipts from fundraisingactivities | 2,766 | 2,766 | 5,266 | |||
| Gross tradingreceipts | 65,022 | 65,022 | 61,805 | |||
| buildings | - | - | - | |||
| Rents from land & buildings | - | - | - | |||
| Gross receipts from other charitable activities | - | - | 577 | |||
| Sub total Receipts from asset & investment sales |
69,746 | - | - | - | 69,746 | 69,589 |
| - | ||||||
| Proceeds from sale of fixed assets | - | - | ||||
| Proceeds from sale of investments | - | - | ||||
| Sub total Total receipts Payments |
- | - | - | - | - | - |
| 69,746 | - | - | - | 69,746 | 69,589 | |
| - | ||||||
| Expenses for fundraising activities | 13,758 | 13,758 | 6,734 | |||
| Gross trading payments | - | - | - | |||
| Investment management costs | - | - | - | |||
| Payments relating directly to charitable activities | - | - | - | |||
| Grants and donations | - | - | - | |||
| Governance costs: | - | - | - | |||
| Audit / independent examination | - | - | - | |||
| Preparation of annual accounts | - | - | - | |||
| Legal costs | - | - | - | |||
| - | - | - | ||||
| - | - | - | ||||
| Sub total Payments relating to asset and investment movements |
13,758 | - | - | - | 13,758 | 6,734 |
| Purchases of fixed assets | - | - | ||||
| Purchase of investments | - | - | ||||
| Sub total Total payments Net receipts / (payments) Transfers to / (from) funds Surplus / (deficit) for year |
- | - | - | - | - | - |
| 13,758 | - | - | - | 13,758 | 6,734 | |
| 55,988 | - | - | - | 55,988 | 62,856 | |
| - | ||||||
| 55,988 | - | - | - | 55,988 | 62,856 |
Nature and purpose of funds
APPENDIX 2
SC044383
Inverkip Community Initiative
Additional analysis (3)
6 Breakdown of restricted funds
| 6 Breakdown of restricted funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| Receipts | Restricted fund 1 - enter name of fund below Inverclyde Council Grant |
Restricted fund 2 - enter name of fund below Impact Funding |
Restricted fund 3 - enter name of fund below Other Donations |
Restricted fund 4 - enter name of fund below Cyclists Club |
Restricted fund 5 - enter name of fund below Renfrewshire Council |
Restricted fund 6 - enter name of fund below Other Grants Total restricted funds |
Total restricted funds last period |
|
| Donations | 2,061 | - | 2,061 | 1,075 | ||||
| Legacies | - | - | ||||||
| Grants | 37,992 | 12,922 | - | 11,990 | 2,418 | 65,322 | 66,925 | |
| Receipts from fundraisingactivities | - | - | - | |||||
| Gross tradingreceipts | - | - | ||||||
| Income from investments other than land and buildings |
- | - | ||||||
| Rents from land & buildings | - | - | ||||||
| Gross receipts from other charitable activities | - | - | ||||||
| Sub total Receipts from asset & investment sales |
37,992 | 12,922 | 2,061 | - | 11,990 | 2,418 | 67,383 | 68,000 |
| Proceeds from sale of fixed assets | - | - | ||||||
| Proceeds from sale of investments | - | - | ||||||
| Sub total Total receipts Payments |
- | - | - | - | - | - | - | - |
| 37,992 | 12,922 | 2,061 | - | 11,990 | 2,418 | 67,383 | 68,000 | |
| Expenses for fundraising activities | - | - | ||||||
| Gross trading payments | - | - | ||||||
| Investment management costs | - | - | ||||||
| Payments relating directly to charitable activities | 119,767 | 119,767 | 131,775 | |||||
| Grants and donations | - | - | - | |||||
| Governance costs: | - | - | - | |||||
| Audit / independent examination | 725 | 725 | 720 | |||||
| Preparation of annual accounts | - | - | - | |||||
| Legal costs | - | - | ||||||
| Other | - | - | - | |||||
| - | - | |||||||
| Sub total Payments relating to asset and investment movements |
119,767 | 725 | - | - | - | - | 120,492 | 132,495 |
| - | ||||||||
| Purchases of fixed assets | - | - | ||||||
| Purchase of investments | - | - | ||||||
| Sub total Total payments Net receipts / (payments) Transfers to / (from) funds Surplus / (deficit) for year |
- | - | - | - | - | - | - | - |
| 119,767 | 725 | - | - | - | - | 120,492 | 132,495 | |
| 81,775) ( |
12,197 | 2,061 | - | 11,990 | 2,418 | 53,109) ( |
64,495) ( |
|
| - | ||||||||
| 81,775) ( |
12,197 | 2,061 | - | 11,990 | 2,418 | 53,109) ( |
64,495) ( |
Nature and purpose of funds
Independent Examiner’s Report on the accounts
Report to trustees/members of Inverkip Community Initiative Registered charity number SC044383 On the account of the charity for the period 01/04/2024 to 31/03/2025
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
The Charity's trustees are responsible for the preparation of the accounts in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Charity Trustees consider that the audit requirement of the Charities Regulations does not apply. It is my responsibility to examine the financial statements 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 is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the 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 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 Financial Statements.
EXAMINER'S STATEMENT
In the course of my examination, no matter has come to my attention:
-
that 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 Reg. 4 of the 2006 Accounts Regulations, and to prepare financial statements which reconcile with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or
-
to which, in my opinion, attention should be drawn in order to obtain a proper understanding of the financial statements to be reached.