REGISTERED CHARITY NUMBER: SC044776
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
FOR
CARNOUSTIE PANMURE FC SCIO
Goldwells Ltd Goldwells House Grange Road Peterhead Aberdeenshire AB42 1WN
CARNOUSTIE PANMURE FC SCIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
CARNOUSTIE PANMURE FC SCIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31st December 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Carnoustie Panmure FC SCIO is the overseeing charity for the bringing together of 4 football clubs in order to improve the facilities and experiences of all footballers within the Panmure area of Angus. In doing so the Charity looks to advance public participation in sport by providing the opportunity for adults and youth in the Carnoustie area to train and play football.
The Charity provides recreational facilities in the Carnoustie area to allow adults and youth to train and play football. The Charity provides funding and opportunity for coaching courses.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
SC044776
Principal address
Tign Na Mara Panbride Carnoustie Angus DD7 6JR
Trustees
Page 1
CARNOUSTIE PANMURE FC SCIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Goldwells Ltd Goldwells House Grange Road Peterhead Aberdeenshire AB42 1WN
Approved by order of the board of trustees on 10th April 2025 and signed on its behalf by:
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARNOUSTIE PANMURE FC SCIO
Independent examiner's report to the trustees of Carnoustie Panmure FC SCIO
I report to the charity trustees on my examination of the accounts of Carnoustie Panmure FC SCIO (the Trust) for the year ended 31st December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Goldwells Ltd Goldwells House Grange Road Peterhead Aberdeenshire AB42 1WN
10th April 2025
Page 3
CARNOUSTIE PANMURE FC SCIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 171,613 | 134,743 | |
| Investment income | 2 | 1,029 | 580 |
| Total | 172,642 | 135,323 | |
| EXPENDITURE ON | |||
| Raising funds | 50,351 | 16,628 | |
| Charitable activities | |||
| Grants to teams | 66,862 | 78,532 | |
| Total | 117,213 | 95,160 | |
| NET INCOME | 55,429 | 40,163 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 92,776 | 52,613 | |
| TOTAL FUNDS CARRIED FORWARD | 148,205 | 92,776 |
The notes form part of these financial statements
Page 4
CARNOUSTIE PANMURE FC SCIO
BALANCE SHEET 31ST DECEMBER 2024
| Notes 2024 Unrestricted fund £ CURRENT ASSETS Cash at bank 152,951 CREDITORS Amounts falling due within one year 5 (4,746 ) NET CURRENT ASSETS 148,205 TOTAL ASSETS LESS CURRENT LIABILITIES 148,205 NET ASSETS 148,205 FUNDS 7 Unrestricted funds 148,205 TOTAL FUNDS 148,205 |
2023 Total funds £ 98,639 (5,863 ) 92,776 92,776 92,776 92,776 92,776 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10th April 2025 and were signed on its behalf by:
The notes form part of these financial statements
Page 5
CARNOUSTIE PANMURE FC SCIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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.
2.
| INVESTMENT INCOME | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Deposit account interest | 1,029 | 580 |
3.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023.
continued...
Page 6
CARNOUSTIE PANMURE FC SCIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds Charitable activities Grants to teams Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 6) Other creditors 6. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Energy Saving Trust loan |
Unrestricted fund £ 134,743 580 135,323 16,628 78,532 95,160 40,163 52,613 92,776 2024 2023 £ £ 3,906 5,022 840 841 4,746 5,863 2024 £ 2023 £ 3,906 5,022 |
Unrestricted fund £ 134,743 580 135,323 16,628 78,532 95,160 40,163 52,613 92,776 2024 2023 £ £ 3,906 5,022 840 841 4,746 5,863 2024 £ 2023 £ 3,906 5,022 |
Unrestricted fund £ 134,743 580 135,323 16,628 78,532 95,160 40,163 52,613 92,776 2024 2023 £ £ 3,906 5,022 840 841 4,746 5,863 2024 £ 2023 £ 3,906 5,022 |
|---|---|---|---|
| 135,323 | |||
| 16,628 78,532 |
|||
| 95,160 | |||
| 40,163 52,613 |
|||
| 92,776 | |||
| 2023 £ 5,022 841 5,863 2023 £ 5,022 |
continued...
Page 7
CARNOUSTIE PANMURE FC SCIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024
7. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.1.24 £ 92,776 92,776 Incoming resources £ 172,642 172,642 At 1.1.23 £ 52,613 52,613 Incoming resources £ 135,323 135,323 |
Net movement At in funds £ 31.12.24 £ 55,429 148,205 55,429 148,205 Resources expended £ Movement in funds £ (117,213 ) 55,429 (117,213 ) 55,429 Net movement At in funds £ 31.12.23 £ 40,163 92,776 40,163 92,776 Resources expended £ Movement in funds £ (95,160 ) 40,163 (95,160 ) 40,163 |
|---|---|---|
continued...
Page 8
CARNOUSTIE PANMURE FC SCIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.23 | in funds | 31.12.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 52,613 | 95,592 | 148,205 |
| TOTAL FUNDS | 52,613 | 95,592 | 148,205 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 307,965 307,965 |
Resources expended £ Movement in funds £ (212,373 ) 95,592 (212,373 ) 95,592 |
Resources expended £ Movement in funds £ (212,373 ) 95,592 (212,373 ) 95,592 |
|---|---|---|---|
| 95,592 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2024.
Page 9
CARNOUSTIE PANMURE FC SCIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
| INCOME AND ENDOWMENTS Donations and legacies Booking fees Fund raising and donations Pitch and training fees Solar FIT payments Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Insurance Light and heat Sundries Improvements and maintenance Football equipment Mens Recreational Other trading activities My Club Hub booking fees Charitable activities Grants to individuals Support costs Governance costs Accountancy and legal fees Total resources expended Net income |
2024 £ 94,981 13,630 62,749 253 171,613 1,029 172,642 1,528 4,070 4,575 15,741 17,837 - 43,751 6,600 65,872 990 117,213 55,429 |
2023 £ 83,127 12,391 38,975 250 134,743 580 135,323 1,553 (4,681 ) 4,064 8,355 1,586 181 11,058 5,570 77,542 990 95,160 40,163 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10
I