2025-03-31-accounts - Ams

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AM Socc•r Club l A non wofit cornrnunlty football club AMS SCIO Scottish Charity Number- SCo45906 Annual Report & Financial Statements Forthe Year Ended 31 March 2025

AMS SCIO

Contents	Page
Trustees Report	1-4
Independent Examiners report	5-6
Combined Statement of Financial Activities	7-9
Balance Sheet	10
Cashflow	11
Notes to the financial statements	12-16

Trustee's Annual Report For the year ended 31 March 2025

Administrative Information

Charity Name: AMS Charity No. SC045906 Address: AMS, Cuparmuir Industrial Estate, Cupar, KY15 5RL

Current Trustees:

Structure, Governance and Management

Constitution

AMS Charity is a Scottish Charitable Incorporated Organisation (SCIO), registered in August 2015. The charity was previously an unincorporated association but changed its legal form to a SCIO on 14 August 2015, when the unincorporated association transferred its assets to the SCIO.

Appointment of Trustees

Only full members of AMS shall be eligible to serve as Trustees. Trustees will be nominated and subsequently elected by a majority vote of those present and voting, at each AGM. The maximum number of Trustees will be 12 and the minimum number 3. The Trustees will be collectively referred to as "The Board".

Page 1

Trustee's Annual Report For the year ended 31 March 2025

Objectives & Activities

Charitable Purpose

The objectives of AMS are to serve the community and individuals:

=> By fostering and promoting educational, health, social, and life skills;

=> By working directly and laterly with peer organisations in these fields;

=> By using sport, exercise & leisure activities to achieve the charitable purposes of:

Advancement of Education
Advancement of Community Development
The relief of those in Need by reason of Age, Ill-Health, Disability, Financial Hardship or other Disadvantage.
Advancement of Public Participation in Sport
The Provision of Recreational Facilities

Headline Achievements

Since the last report, we are proud of a number of Team successes including:

Headline Achievements - Players

8 x AM Soccer players currently in Academies, CAS teams
3 x girls attending emerging talent centres
1 x player to DUFC (2018 born)
3 x players signed up to TitleIX scholarships

Page 2

AM Socc•r Club l A non woflt cornrnunlty football club Trustee's Annual Report Forthe year ended 31 March 2025 Headline Achievements- Teams 1. 2009's- League and Cup double 2. 2010's- Fife Cup winners 2012's- Fife Cup finalists 4. Girls Ui4's- League Runners up . Games eda ainst Academ onents Headline Achievements - Tour5 i. Girls Ui4's- Portugal 2. 2009's- Spain 2011'5- Blackpool . 2014's- Blackpool Other Achievements 1. 3 coaches have had educational trips to Aston Villa to enhance their knowledge and coaching experience 2. 2 younger coaches are heading up the communrty football project encouraging more local people to play football regularly in a friendly environment has signed to the club for coaching for 5 yearsfollowing coach education 5UPPOrt from AMS 4. New sponsorship deal signed with Lundin Physio for 5 years 5. Guest coaching sessions carried by more planned for 2026 Page 3

Trustee's Annual Report

For the year ended 31 March 2025

Financial Review

Although we have reported a small drop in Income this Financial Year, the organisation has continued to ensure that its cost base is right sized for our activities and therefore are delighted to report a surplus of £11,147 this year, up from £591 in the year to March 2024.

Reserves Policy

The trustees target is to retain 3 months of recurring overheads, net of prudent estimated members contributions, as a bank balance to cover unexpected overheads

Plans for Future Period

The trustees intend to continually develop and improve the service given to its members with plans to increase participation through various strands. The Trustees will also continue to examine ways to improve the financial sustainability of the organisation.

Approved by the Trustees on 17 December and signed on its behalf by:

Page 4

AMS

Independent Examiner's report to the trustees on the Unaudited Financial Statements of AMS

In accordance with engagement letter dated 1 September 2018 I have compiled the financial statements of the charity which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to me. This report is made to the charity's trustees, as a body, in accordance with the terms of my engagement. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile, report to the charity's trustees that Ihave done so and state those matters that I have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees, as a body, for my work or for this report.

I have carried out this engagement in accordance with technical guidelines issued by the Institute of Chartered Certified Accountants of Scotland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

Respective responsibilities of trusteee and 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 (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c ) of the Accounts Regulation 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 report

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure in the accounts and seeks explanations from trustees concerning any such matters. The procedures undertaken do not provide all the evidece that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.

Page 5

AMS

Independent Examiner's Statement

In the course of my examination, no matter has come to my attention:

Which gives me reasonable cause to believe that in any material aspect the requirements:
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act & Regulation 4 of the Accounts Regulations , and
to prepare accounts which accord with accounting records and comply with Regulation 8 of the Accounts Regulations.

have not been met, or

To which, in my opion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Page 6

AM Socc•r Club l A non wofit cornmunity football club AMS STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2025 Unrestricted Funds Totsl Funds Total Funds Notes 2025 2025 2024 Income and endowments from: Charitable activities Other trading activities Other Total £162,134 £3,490 £6,971 £172,595 £162,134 £3,490 £155,975 £16,311 £172,595 £181,384 Expenditure on.. Charitable artivities Other Total £161, 212 £236 £16&448 £161,212 £236 £16¥448 £180,535 £180,793 Net gain on investments £0 £0 £0 Net incomel(expenditure) £1¥147 £1¥147 Net incomel(expenditure) before other gainsl(losses> £11,147 £1&147 £591 Other gains and losses £0 £0 £0 Net Movement in fvnds £111147 £111147 £591 Reconciliation of funds Total funds brought forward £14,243 £14,243 £13,652 Total funds carried forward £251390 £251390 £1 Page 7

AM Soccer Club l A non wofit communlty fo<*ball club AMS SUMMARY INCOMEAND EXPENDITUREACCOUNT For the year ended 31 March 2025 Yearto Mar 25 Yearto Mar4 Income £172,595 £181,384 Gross income for the year £1721595 £1811384 Expenditure £1611448 £1801793 Total expenditure forthe year £161,448 £180,793 Net incomel(expenditure) before tax forthe year £111147 £591 Net incomel(expenditure) for the year £111147 £591 Page 8

AM Socc•r Club l A rK profit communlty football dub AMS DETAILED STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2025 Unrestricted Total Funds Total Funds Funds 2025 2025 2024 Income and endowments from: Charitable activities Othertrading activities Other Total income and endowments £162,134 £31490 £61971 £1721595 £162,134 £31490 £61971 £172,595 £155,975 £161311 £181,384 Expenditure on: Charitable activities Governance costs Total expenditure on charitable activities £161,212 £0 £161, 212 £0 £180,535 £161 212 £161 212 £1801535 Other legal and professional costs £236 £236 £258 Total expenditure of other costs Total expenditure Net gains on investments £0 £0 £0 Net incomel(expenditure) £14147 £11,147 £591 Net incomel(expenditure) before other gainsl(losses) £14147 £11,147 £591 Other Gains £0 £0 £0 Net movement in funds Page 9

AM Socc•r Club l A rK>n prdlt cornmunlty football club AMS- Company Number SCo45906 Balance Sheet at 31 March 2025 Asat Mar 25 Asat Mar4 Current Assets Debtors Cash at bank £3,197 £33,882 £3,708 £31,825 Creditor5: amountsfalling duewithin one year -£12,280 -£21,881 Net Current Assets £241799 £131652 Total assets less cvrrent liabilities £24,799 £13,652 Total net assets £241799 £131652 Thefunds of the charity: Restricted funds £0 £0 Unrestricted funds General funds £24,799 £24,799 £0 £13,652 £13,652 £0 Reserves Total Funds £24,799 £13,652 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2025 the company was entitled to exemption under Section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act. The directors acknowledge the responsibilities for complying wrth the Companies Art 2006 with respert to accounting records with respect to accounting records and the preparation of Accounts. roved b the board on i Decemberand signed on its behalf by: Page io

AM Socc•r Club l A non profit cornrnur4ty football club AMS STATEMENT OF CASHFLOWS For the year ended 31 March 2025 Yearto Mar25 Yearto Mar4 Cash flows from operating activities Net (expenditure)l income per SOFA £1447 £591 Net cash (used in)Iprovided by operating activities £14147 £591 Net cash from investing activities £0 £0 Net cash from financing activities £0 £0 Net ( decrease)lincrease in cash & cash equivalents £111147 £591 Cash and cash equivalents at beginning of year £iJ652 £131061 Cash and cash equivalent at end of year £2 £1 Components of cash and cash equivalents Cash and bank balances Other Debtors Trade & Other Creditors £331882 £&197 -£12,280 £241799 £31,825 £31708 -£21,881 Page li

AMS

NOTES TO THE ACCOUNTS

For the year ended 31 March 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)- Charities SORP (FRS 102) (effective 1 January 2015) - the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

Change in the basis of accounting or to previous accounts

There has been no change to the accounting policies (valuations rules and method of accounting) since last year and no changes have been made to the accounts for previous years.

Fund Accounting

Unrestricted Funds - These are avaliable for use at the discretion of the trustees in futherance of the general objects of the charity.

Designated Funds - These are unrestricted funds earmarked by the trustees for particular purposes.

Revaluation Funds - These are unrestricricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.

Income

Recognition of Income - Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with Related Expenditure - Where income has related expenditure the income and related expenditure is reported gross in the SoFA.

Donations & Legacies - Voluntary Income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income.

Tax reclaim on Donations & Gifts - Income from tax reclaims is included in the SoFA at the same time as the donation or gift to which it relates.

Donated Services & Facilities - These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer Help - The value of any volunteer help received is not included in the accounts. Investment Income - This is included in the accounts when receivable.

Gains / (losses) on investment assets - This includes any gain or loss on sale of investment.

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AMS

NOTES TO THE ACCOUNTS For the year ended 31 March 2025

1 Accounting policies (continued)

Expenditure

Recognition of Expenditure - Expenditure is recognised on accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on Fund Raising - These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.

Expenditure on Charitable Activities - These comprise the costs incurred by the charity in the delivery of its activities and services in the futherance of its objectives, including the making of grants and governance costs.

Grants Payable - All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the year end but not yet paid.

Governance Costs - These include those costs associated with the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other Expenditure - These are support costs not allocated to a particular activity.

Taxation - The Charity is exempt from Corporation Tax on its charitable activities.

Pension Costs - The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the Charity has no futher payment obligations. The contributions are recognisedas expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the Charity in independently administered funds.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the SoFA. No Depreciation is provided in respect of investment properties. This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investments potential it is necessary to adopt the requirements of the FRSSE in order to give a true & fair view.

Intangible fixed assets and amortisation

The Charity doesn’t have any intangible Fixed Assets.

Stock

The Charity doesn’t have any stock.

Page 13

1 Accounting policies (continued)

Trade & Other Debtors

Trade and other debtors are recognised at the settlement due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discount due.

Cash & Cash Equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the statement of Cash Flows, cash and cash equivilents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade & Other Creditors

Short term creditors are measured at the transaction price. Other creditors and provisions 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 settlethe obligations can be measured or estimated reliably. Creditors and provision are normally recognised at their settlement amount after allowing for any trade discount.

Foreign Currencies

The Charity does not have any exposure or trading in Foreign Currencies.

Leased Assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of the asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risk and rewards of ownership to the charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at present value of the minimum lease payment. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy o borrowing costs. Assets held under finance leases are depreciated in the same way as owned asset. Operating lease payments are recognised as an expense on a straight line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

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AM Soccer Club l A non profit comrnunlty football club AMS NOTESTOTHEACCOUNTS Forthe yearended 31 March 2025 2 Company Status The company is a private company limited by guarantee and consequently does not have any share capital. 3 Income from charitable activitie5 Total Totsl 2025 £139,012 £23,122 2024 £128,467 £27,508 Éi Membership fees Community SportActivities £139,012 £2 122 4 Income from othertrading activities Total Totsl Unr•strirt•d 2025 £3,490 2024 £16,311 £16 li Other Fundraising Activities 5 Other Income Totsl 2025 £6,971 £6,971 Totsl 2024 £9,098 £9,098 Other Income 6 Expenditure on charitable activities Total Total 2025 £161,212 £0 2024 £180,535 £0 Expenditure on charitable activrties Governance costs £161,212 £0 £161 212 £180 7 Other expenditure Totsl Total 2025 £236 £2 2024 £258 £2 Consulting & Profe55ional Fees £2 8 Staff Costs No employee received emoluments in excess of £60,000 9 Debtorsfalling due within one year Total Totsl 2025 £3,198 2024 £1,118 Other Debtors Page 15

AM Socc•r Club l A non profit cornrnunlty football club AMS NOTES TO THE ACCOUNTS Forthe yéar ndd 31 March 202S Creditors falling due within one year T¢)t•l Tot•1 Trade & Other creditors £12,2&) £24881 Mov•m•nt in fwids Incomry (including oth•r gains oi.Apr R•sourc•s 31-Mar Exp•nd•d R•strirt•d funds: £0 £0 £0 £0 Endowm•nt fvnds- EO EO £0 EO R•strirt•d Incom• funds: EO EO £0 EO Unr•strict•d funds: G•n•r•l funds £1>652 £172.595 -£164448 £2&799 D•si9nat•d fvnds: £0 £0 £0 £0 R•v•lu•tion R•Mrv•s- £0 £0 £0 £0 Endowment fund: Restricted fund.. Unrestricted fvnd: £0 £0 £0 Eo EO EO £0 EO EO EO £0 EO Total fvnds 721595 -£161,448 £41799 Analysis of n•t ass•ts b•tw•••n fLmds UnY*strirted Funds Tot•1 Net current a55ets £37,079 £371079 £37,079 £371079 13 R•l•t•d Party Disclosur• - Controlling Party The company is limited by gurantee and has no share capttal,. thus no single party controls the company. Page 16