Charlty number: SC046071
THE GREYSTONE ROVERS FOUNDATION
(A Scottish Charitable Incorporated Organisation)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE GREYSTONE ROVERS FOUNDATION
CONTENTS
Page
Reference and admlnlstrative details of the Charity, its Trustees and advlsers
Trustees, report
Independent examlner's report
Statement of financlal activities
10
Balance sheet
11
Notes to the flnanclal statements
12-27

THE GREYSTONE ROVERS FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Charlty registered number
SC046071
Principal office
David Keswlck Athletlc Centre, Marchmount, Dumfries, Dumfries and Galloway, DG11 PX
Accountant8
Amstrong Watson LLP, 51 Rae Street, Dumfrles, Dumfrles and Galloway, DG1 1 JD
Bankers
Vlrgln Money, 84-86 High Street. Dumfrles, Dumfrles and Galloway. DG128J
8ank of Scotland, 91 Hlgh Street, Dumfrles, Dumfries and GallovRy, DG12BN
Page 1

THE GREYSTONE ROVERS FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements of the charity for the year ended 31 March
2025. The financial statements have been prepared in accordance with the accounting policies and comply with
the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006
las 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) (effective 1 January 2019)..
Objectlves and actlvltles
a. Pollcies and objectlves
The organisation's purposes are..
Provide or organise the provision of facilities which will encourage youths & adults to play football or other sports.
To provide and maintain the appropriate equipment for those objects & to promote and provide coaching for
persons organising & playrng such games & sport.
To help improve the health and quality of life of the members of the local community through education of health
and lifestyle changes and increased participation in sport.
Youth and community development through partnership working. Enable vulnerable community members to
participate in sport and exercise.
Advance the education of youths in Dumfries and Galloway on living active lifestyles and growing sport at all
levels.
Achlevements and perfornianca
a. Revlew of actlvltles
During this accounting period The Greystone Rovers Foundation continues to be challenged and have had to
deal with difficult operational disruption due to the regular and ongoing discussions with Dumfries and Galloway
Council in regard to the Dumfries Learning Town phase 2 {DLT21 plans for a new school build at Dumfries High
School as it nears its completion in the springtime of 2026. We will still have this important development causing
disruption for the Greystone Foundation in the next financial year.
Withstanding the DLT (21 onsite, in general, the main activities within the Foundation in the last 12 months have
been consistent as with previous years after Covid. Main activities and purpose of the organisation with regard to
our community facility being fully open and available to the wider community with little or no change to the
dynamics of the number or types of sporting groups using the services and facilities offered by The Greystone
Rovers Foundation. Non-sporting events continue to hire for a third consecutive year. The facilities we offer to
the wider community for recreational and sports usage remains constant. This accounting period as with similar
years saw the organisation continue to get supportive funding from main funders, The HOl￿00d Trust. coupled
with some small local grants with a continued good increase in particular in sponsorship from parents friends and
from local businesses towards equipment and sportswear for the Greystone Rovers Youth Footb811 club.
°The Youth Big Saturday Night" Run managed by volunteers continued to be a Greystone Rovers Foundation
flagship event held weekly. Incredibly this long established event continues with similar numbers as previous
years. Enthusiasm remains high and is always attracting a new participants. The event provides sporting facilities
for young people to participate in sport at a time of the week where normally sporting facilities are found to be
closed {6-8pm Saturday and Sunday evenings)- This event is fully back to maximum numbers from the Covid
years and is always well received. It is positive in nature, well received and appreciated by parents and has an
undoubted overall social benefit to the nearby and wider community.
Sadly a temporary postponement to this event was unavoidable due to the construction of the new 3G as part of
the DLT2 new school build work cornmencing. It was however with a sense of relief and excitement that at end
of January 2025 with the reopening of a new 3G pitch, saw this event retum with numbers bouncing back to
those previously seen. This event like others is still facing challenges due to access to the facility due to the
Page 2

THE GREYSTONE ROVERS FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance (continued)
ongoing building site and this along with main volunteers now being sought this event will find year 2025126
challenging to stay operational.
The "School of Football" again sirnilar to other activities saw disruption to this activity as construction began to
the new school build and in particular the 3G not available during this reporting year. Other facilities remained
mainly The David Keswick pitch which was being used extensively for all School mainstream PE classes.
However based at Dumfries High School, football completed its 9th year for Dumfries High School students
although diluted we did have an autumn of good interaction with S1 classes participating where we used the
power of football to assist and act as a catalyst for pupils to help pupil's educational attainment and to meet the
needs of the Curriculum. School of Football is delivered for the duration of the autumn period with a wide and
varied range of activities for S1-S4 pupils.
"Greystone Rovers football club. Volunteers remain committed to supporting and developing football at the
footb811 club with 11 different age groups representing Greystone Rovers. The number of volunteers remains
good with a new team and intake at 2019 year of birth starting this year where at the older age group a joined
200912010 team represents the club at the Under 17 age group. As the senior football season started in the
August. approximately 250 Greystone youngsters where registered with the governing body Scottish Football
Association (SFA) in the new comet system. With age ranges of teams from 5-18 years training, and playing
twice weekly, all under the guidelines of local youth leagues and SFAISYFA guidelines. At full capacity we
continually have to report on a negative note of ever increasing waiting lists at a number of age groups at the
Greystone Rovers Club. Greystone have concerns in regard to the onerous requirements to register, administer
and comply with regulations which will hamper in the future any new teams forming which will only exasperate
waiting lists at the long established clubs.
Since 1938 Greystone Rovers have always played our fu51 part and represented Dumfries and Galloway and will
continue to play our football in the Dumfries and Galloway Youth League.
A successful season in the Dumfries and Galloway Youth League for season 2024125. National Success was
achieved as several teams representing Greystone participated some to the later stages of the SYFA Scottish
Cup.
All teams were successful in their local leagues and cup competitions with leagues and cup competitions won
and lost but overall, this year, can be looked back on with pride with achievements on the football field.
"Holiday Camps" Understandably there was a decline in external hire of facility for holiday camps at the
Dumfries High School due to the closure of the 3G facility pending the new School build. We can only anticipate
the return of internal and external holiday camps when the new facility opens 2025126.
However as we neared the end of this reporting year with the reopening of the new 3G, some internal enquiries
to run our own in-house holiday camps on our facilities maybe indicating a new trend for the future that needs
supported and encouraged. It is anticipated we will report the rebirth of kids holiday camps next reporting year.
"Climate Challenge Fund - Kicking Carbon Project" We continued again this reporting year with plastic bottle
recycling and single use plastic where local company Oakbank, still regularly emptied the industrial bins of plastic
bottles and will continue to do so. The value of this project is still evident for all to see and as a charitable
organization we will continue with this and continue the profile for the new school build plans for Ihe future.
It is anticipated in regard to Kicking Carbon ProJect with the opening of the new school scheduled for 2026, many
of the aspects of this project will retum as we are in a very much limited capacity. We continue to collect
unwanted football boots and clothing recycling particularly considering the current economic situation. Credit
again goes towards the staff and volunteers along with the many community groups using the recycling of
footwear and clothing. Fuel efficiency and active travel elements still remain a focus as with partnerships with
local businesses to promote elements of this work within the Club. David Keswick Facility, our local schools and
wider communities.
Page 3

THE GREYSTONE ROVERS FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and perforniance (continued)
The David Keswlck Centre- Servlce Level Agreement (SLA) Dumfries & Galloway Councll
With the temporary status due to DLT(2) coupled with Dumfries & Galloway Council regional review of SLA'S we
will during 2026 enter into discussions and hopefully cement a new License to Operate {LTO)
It is much the case of a status quo due to partiClP8tion levels and bookings, however The Greystone Rovers
Foundation continues to deliver on its Service Level Agreements with Dumfries and Galloway Council over the
management of the David Keswick Athletic Centre and 3G facility.
We will continue to work with existing 8nd any new groups along with sporadic community events, at the aging
David Keswick Athletic Centre building again for another year, with for the first time in many years, a slight %
increase in fees for any individuals, groups and community clubs for next financial year. From 1 st April 2025 The
Greystone Rovers Foundation continues to operate the Service Level Agreement with Dumfries & Galloway
Council to manage this facility and as at the last 12 months reporting date, we have nos issues to report.
Crlchton Pltch and Pavlllon- Lease 202512026
In addition this reporting year has seen The Greystone Rovers Foundation expanding its portfolio in entering a 2
year lease agreement with the local Crichton Trust for the use of the pitches and pavilion on the Crichton
groundslestate.
As well as giving our organization capacity to provide alternative sporting facilities during construction work at
Dumfries High School. this has also allowed The Greystone Foundation to expand its portfolio of community led
facilities for the wider community in addition to supporting our own Greystone Rovers Youth Football Club.
Currently the Greystone Rovers and the Crichton Trust are in a positive partnership exploring new ideas to
develop sporting and recreational facilities and opportunities beyond the end of 2026 lease agreement, with the
potential of a new office and club base at the Crichton,
b. Investment pollcy and perfomiance
During the period, the organisation did not hold any investments other than cash at bank.
Page 4

THE GREYSTONE ROVERS FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achlevements and performance (continued)
c. Summary of charitable activitles
During the reporting year the board of trustees supported the following:"
The Davld Keswlck Athletlc Centrel 3G Pltch, Both SLA agreements continue to be met fully by the
board of trustees. We now await the new LTO agreement.
Coaches SFA Coaching Courses - Greystone Rovers Football Club, Trustees continue to support this
valuable and necessary coach pathway courses for all coaches currently working at the club and the
foundation. The courses were this year only courses run by SFA continued to be done by a
ZooM￿EAMs meetings and delivery of content during the reporting year.
staff Appraisal Management Reportlng, Full integrated Staff appraisal reporting system previously
installed and implemented by trustees. As a result of a future new school build a review and support to
staff is now ongoing and will come to a conclusion prior to new school build opening.
Addltional Admln Support, Trustees agree to working in partnership with Dumfries and Galloway
Council to support and give individuals a good experience in volunteering in sports administration. This
year seen a closer working partnership with Durnfries College with a successful student work placement In
HNC Sport coaching.
Grounds Malntenance, Trustees continued to approve grounds maintenance work again this year on the
David Keswick pitch.
Communlcatlon.. The communication continues to be pro-active. The Greystone Foundation website
together with the Facebook page continue popular and have proved to be effective
Membershlp.. At the 31st March 2025, Consistent membership steady at 250+
Servlces:
CharStable Donatlons:
Use of Facilities for Schools remain with trial matches, local cup finals increase in this support during this
reporting year.
Limited support and generosity afforded to community to use facilities for Charitable Events again as a
result of temporary building work on site anticipated we will return after works compSetion to support the
many local groups running charitable events.
Page 5

THE GREYSTONE ROVERS FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Flnancial review
a. Golng concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Reserves policy
The charity trustees have considered the reserves required and have taken into account their current and future
liabilities. It is the Trustees policy to now hold reserves of between three and six months of annual unrestricted
expenditure.
At the end of the period of accounts. the charity is holding the appropriate level of reseNes within its unrestricted
funds.
c. Results for year
The results for the year reflect 8 surplus of £3,313 {2024 Deficit of £69,462), this largely reflects additional grant
funding received in year to assist with the changing activities of the Club. Overall funds at the year end date
were £133,588 with £1,644 held in restricted funds and the balance of £131,944 in unrestricted funds.
d. Prlnclpal fundlng
The principal source of income is grant funding and income from the running of the 3G pitch and David Keswick
Athletic Centre.
Page 6

THE GREYSTONE ROVERS FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
Constltutlon
The Greystone Rovers Foundation is a ￿gIStered with the Scottish Charity Regulator (OSCR) as a Scottish
Charitable Organisalion {SCIO) number SC046071 incorporated on 22nd October 2015 and is administered in
accordan￿ wth the terms of the Deed of Constilution.
b. Methods of appointment or electlon of Trustees
Appointment of trustees who are consld8red to have the appropriale gifts and skills are appointed under the
terms of the deed of constitution regulated by (OSCR). We had no resignations or n8wIy appointed Trustees
during this year.
c. Oryanlsatlonal structure and dec181on4naklng pollcles
The structure of the organisation consists of:
The members - who have the right to attend members. meetings (Including any annual general meeting) and
have Important powers under the constitution; in particular, the members appoint people to serve on the board
and take decisions on changes to the constitution itself:
The board
who hold regular meetings, and generally control the actlvltias of the organlsatlon: for example, the
board is responsible for monitoring and controlling the financi81 position of the organisation, the people serving
on the board are referred to in this constitution as Charity Trustees. Thls year we had no resignations.
d. Reference and Admlnlstratlve Infomiatlon
Trustees..
"At time of complwng the end of year report 311312025 Th8 Greystone Rovers Foundation sadly lost Mike Bell
who s8dly died after suffering a stroke in July 2025.
A former Greystone Rovers player, coach and official who served the club In many capacities. Mike wll be
greatly missed by the Greystone Rovers family and acted with total devotion to the role as Chairman of (GRF)
since its fomation in 2013.
e. Flnanclal rlsk management
The Trustees have assessed the major risks to thich the Charity is exposed, in particular those related to the
operations and finances of the Charity, and are 3atisfsed that systems and procedures are In place to mltigate
exposure to the major risks.
Page 7

THE GREYSTONE ROVERS FOUNDATION
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees. responslbllltles
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally A(tepted Accounting
Practice).
The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each
financial which give a true and fair view of the state of affairs of the Charity and of ils incoming resources and
application of resources, including its income and expenditure, for that period. In preparing these financial
slatements, the Trustees are required to..
select suitable accountlng policles and then apply them conslstently;
observe the methods and principles of the Charities SORP {FRS 102);
make ludgments and accounting estlmates that are reasonable and prudent.
state whether applicable UK Accounting Standards {FRS 102) have been followed, subject to any material
departures disclosed and explainecl in the financial statements;
prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the
Charity will contsnue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose wlh reason8ble accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with Ihe Charities and Trustee Investment
{Scotland) Acl 2005, the Charities Accounls (Scotland) Regulations 2006 (as amended) 8nd the provisions of the
Trust deed. 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,
rnv
f the board of Trust8es and signed on their behalf by:
Date.. 22 Decembor 2025
Page 8

THE GREYSTONE ROVERS FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent examinerfs report to the Trustees of The Greystone Rovers Foundatlon
I report on the accounts of the charity for the year ended 31 March 2025 which are set out on pages 10 to 27.
Respectlve responslbllltles of Trustees and examiner
The charitys trustees are responslbile for the preparation of the financl81 statements in accordance with the
terms of the Charilies and Trustee Investment (Scotland) Act 2005 ('the Act.) 8nd the Charities Accounts
{Scolland) Regulation 2006 ('the Accounts Regulations,). The trustees considèr that the audit requirement of
regulation 10(1){a) to (cl of the Accounts Regulations does not apply. It is my responsibility to examine the
financial statements a8 required under section 44(1){c) of the Act and to slate whether particular matters have
come to my attention.
Basls of Indep•ndent examlnarfs statement
My examination was carried out In accordance wlth regulation 11 of the Accounts Regulations. An examination
includes a revlew of the accounting records kept by the charity and a comparison of the financial statements
presented with those record8. It 8lso includes consideration of any unusual items or disclosu￿$ in the financi81
statements, and seeking explanations from you as trustees concernlng 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 oxamlnerfs statement
In the course cf my examlnatlon, no Matter has come to my attention:
which gives m8 reasonable cause lo believe that in any material respecl the requirements:
to keep accounting records in accordance wlth section 4411)(a) of the Act and regulation 4 of the
Accounts Regulations., and
to prepare financial statements which accord with the accounting records, Accounting and
Reporting by Charities preparing their accounts In accordance with the Financial Reporting
Standard in the UK and Republic of Ireland (FRS 1021 and in other respects comply with regulatlon
8 of the Accounts Regulations
have not been met., or
lo which, in my opinion, attention should be drdwn in order to enable proper understanding of the financial
statements to be reached.
Thi8 report is made solely to the charitrfs Trustees, as a body, in accordance with regulalion 11 of the Charities
Accounts (Scotland) Regulations 2006. My WO￿ has been undertaken so that I might state to the charitys
Trustees those matters l am required to state to them in an Independent examinerfs 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 charitys Trustees as a body, for my work or for this report.
Dated: 22 December 2025
FCCA
Dumfries
Page 9

THE GREYSTONE ROVERS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Restricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
Charitable activities
Other trading activities
10,620
81,194
1,250
42,161
52,781
81,194
1,250
30,874
91,576
5,342
Total Income
93,064
42,161
135,225
127,792
Expenditure on:
Raising funds
Charitable activities
263
196,991
89,751
42.161
131,912
Total expendlture
89,751
42,161
131,912
197,254
Net movement In funds
3,313
3,313
(69,462)
Reconclllatlon of funds:
Total funds brought fomard
Net movement in funds
128,631
3,313
1,644
130,275
3,313
199, 737
(69,462)
Total funds carrled forward
131,944
1,644
133,588
130,275
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 27 form part of these financial statements.
Page 10

THE GREYSTONE ROVERS FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Flxed assets
Tangible assets
12
304
388
304
388
Current assets
Stocks
Debtors
Cash at bank and in hand
13
14
1,186
16,132
120,576
1.120
1.035
144,446
137,894
146,601
Current Ilabllltles
Creditors.. amounts falling due wlthln one
year
15
(4,610)
(16, 714)
Net currant assets
133,284
129,887
Total net assets
133,588
130,275
Charlty funds
Restricted funds
Unrestricted funds
16
16
1,644
131,944
1,644
128,631
Total fund8
133,588
130,275
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Date: 22 December 2025
The notes on pages 12 to 27 form part of these financial statements.
Page11

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General Infomiation
The Greystone Rovers Foundation is a Scottish Charitable Incorporated Organisation with its registered
office being the David Keswick Athletic Centre, Marchmount, Dumfries, DG1 1 PX.
Accountlng pollcies
2.1 Basls of preparation of flnanclal statements
The financial statements 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), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities and Trustee Investment
(Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The Greystone Rovers Foundation meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otheNise
stated in the relevant accounting policy.
2.2 Golng concem
The trustees have considered their requirements for the period of 12 months from the date of signing
these financial statements and believe they have sufficient resources to meet their liabilities as they
fall due and for this reason they continue to adopt the going concern basis.
2.3 Income
All income is recognised once the Charity has entitlement to the income. it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the 8alance sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the incorne is accrued.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to
measure this reliably, in which case the cost of the item to the donor should be used. The gain is
recognised as income from donations and a corresponding amount is included in the appropriate
fixed asset class and depreciated over the useful economic life in accordance with the Charity's
accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of
the gift to the Charity which is the amount it would have been willing to pay to obtain services or
facililies of equivalent economic benefit on the open market; a corresponding amount is then
recognised in expenditure in the period of receipt.
Page 12

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcles (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third p8rty, 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 classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on 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.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives. as well as any associated support costs.
2.5 Government grants
Government grants relating to tangible fixed assels are treated as deferred income and released to
the Statement of financial activities upon the completion of the relevant performance-related
conditions. Other grants that are not subject to performance-related conditions are credited to the
Statement of financial activities as the grant proceeds are received. Grants received prior to the
revenue recognition crileria being satisfied are recognised as a liability-
2.6 Tanglble flxed assets and depreclatlon
Tangible fixed assets costing £500 or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tsngible fixed asset into its intended working condition should be
included in the measurement of cost.
At each reporting date the Charity assesses whether there is any indication of impairment. If such
indication exists, the recoverable amount of the asset is determined to be the higher of ils fair value
less costs to sell and its value in use. An impairment loss is recognised where the carrying amount
exceeds the recoverable amount.
Depreciatlon is charged so as to allocate the cost of tanglble fixed assets less their residual value
over their estimated useful lives, on the following bases:
Tenants improvements
Fixtures and fittings
Office equipment
Over the term of the lease
200/0 reducing balance
3 years straight line
2.7 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
Page 13

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting poltcies (continued)
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and In hand
Cash at bank and in h8nd 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.
2.10 Llabllltles and provlsions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.11 Financlal Instrumenls
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.12 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
2.13 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Page 14

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacles
Unrestricted Restrlcted
funds
funds
2025
2025
Total
funds
2025
Grants
Holywood Trust
D&G Council - contribution
SFA Grant
33,276
8.885
33,276
8,885
42,161
42,161
Donations
Grants
2,012
8,608
2,012
8,608
Subtotal
10.620
10,620
10,620
42,161
52,781
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Grants
Holywood Trust
D&G Council - contribution
SFA Grant
19,776
19,776
8,058
1,125
8, 058
1,125
9,183
19,776
28,959
Donations
7,915
1,915
Subtotal
1,915
1,915
11,098
19,776
30,874
Page15

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from charitable actlvltles
Unrestricted
funds
2025
Total
funds
2025
3G Income
Sports Sessions
Membership Income
DKAC Income
4,976
1,875
32,902
41.441
4,976
1,875
32,902
41,441
81,194
81,194
Unrestricted
funds
2024
Total
funds
2024
3G Income
Sports Sessions
Membership Income
DKAC Income
6, 125
5,057
36,857
43,537
6,125
5,057
36, 857
43,537
91,576
91,576
Page 16

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from other tradlng activities
Income from non charltable trading actlvltles
Unrestricted
funds
2025
Total
funds
2025
Sponsorship
1.250
1,250
Unrestricted
funds
2024
Total
funds
2024
Shop takings
Sponsorship
12
5,330
12
5,330
5,342
5,342
Page 17

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Expendlture on raising funds
Costs of ralslng voluntary Income
Total
funds
2025
Shop supplies
Unrestricted
runds
2024
Total
funds
2024
Shop supplies
263
263
Analysls of expendlture on charltable actlvltles
Summary by fund type
Unrestricted Restricted
funds
funds
2025
2025
Total
2025
Charitable activities
89,751
42,161
131,912
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
Charitable activities
177,215
19,776
196,991
Page 18

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expendlture by activities
Activities
undertaken
directly
2025
Total
funds
2025
Charitable activities
131,912
131,912
Activities
undertaken
directly
2024
Total
funds
2024
Charitable activities
196,991
196,991
Analysls of dlréct costs
Charltable
actlvltles
2025
Total
funds
2025
Staff Costs
Depreciation
3G Costs
Sports Clothing
General Expenses
Equipment
Office Costs
Sports Education Courses
Accountancy & Professional Fees
Website Costs
Subscriptions & Entry Fees
Insurance
103,466
103,466
84
3,899
3,962
1,014
1,727
1,569
635
3,899
3,962
1,014
1,727
1,569
635
4,155
693
3,816
1,599
5,103
190
4,155
693
3,816
1,599
5,103
190
Hire of Venue
Computer Costs
131,912
131,912
Page 19

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysls of expenditure by activltles (continued)
Analysls of dlrect costs (contlnued)
Charitable
activities
2024
Total
funds
2024
Staff costs
Depreciation
3G costs
Sports clothing
General Expenses
Equipment
Office Costs
Sports Education Courses
Accountancy & professional fees
Website costs
Subscriptions & Entry Fees
Insurance
146,275
359
5,470
21,224
1,009
9,995
1,857
922
4,288
1,047
3,014
1,531
146,275
359
5,470
21,224
1,009
9, 995
1,857
922
4, 288
1,047
3,014
1,531
196,991
196,991
Independent examlner's remuneratlon
2025
2024
Fees payable to the Charity's independent examiner for the independent
examination of the Charitys annual accounts
3,110
2, 880
Page 20

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Staff costs
2025
2024
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
86,588
3,615
13,263
122.459
6,991
16.825
103,466
146,275
The average number of persons employed by the Charity during the year was as follows:
2025
No.
2024
Management and project officers
Centre staff
No employee received rernuneration amounting to more than £60,000 in either year.
The remuneration of key management personnel during the year was £49,177 (2024 - £97,429).
11. Trustees. remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).
Page 21

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. Tanglble flxed assets
Tenants Fixtures and
Impr'ments
fittings
Office
equlpment
Total
Cost or valuation
At 1 April 2024
7,200
1,438
5,762
14,400
At 31 March 2025
7,200
1,438
5,762
14,400
Depreciation
At 1 April 2024
Charge for the year
7,200
1,058
76
5,754
14,012
84
At 31 March 2025
7,200
1,134
5,762
14,096
Net book value
At 31 March 2025
304
304
At 31 March 2024
380
388
13. Stocks
2025
2024
Finished goods and goods for resale
1,186
1, 120
Page 22

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Debtors
2025
2024
Due withln one year
Trade debtors
Other debtors
Prepayments and accrued income
1,687
5,560
8,885
1,035
16,132
1,035
15. Credltors: Amounts falllng due wlthin one year
2025
2024
Trade creditors
Other creditors
Accruals and deferred incom&
1,500
2,648
11,186
2,880
3,110
4,610
16,714
Page 23

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16. Statement of funds
statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Income Expendlture
Unrestrlcted funds
Designated funds
3G Refurbishment fund
100.000
100,000
General funds
General funds
28,631
93.064
(89,751)
31,944
Total Unrestrlcted funds
128.631
93,064
189.751)
131,944
Restrlcted funds
Holywood Trust
John Wallace Trust
D&G Pension Grant
33,276
133,276)
1,644
1,644
8,885
(8,885)
1,644
42,161
142,161)
1,644
Total of funds
130,275
135,225
(131,912)
133,588
We are pleased to have been able to generate the funds required to set aside as part of the service level
agreement whereby we are required to hold £100,000 to replace the 3G carpet at the end of the SLA with
D&G Council in 2023.
The Holywood Trust fund was used to cover the wages of the charity manager and the project worker in
the period.
The John Wallace Trust fund was established in the 2018 year with a donation of the funds left over when
the Trust was closed. The money is to be used in the memory of John Wallace, the founder of the
Greystone Rovers Football Club.
Page 24

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16. Ststement of funds (continued)
Statement of funds - prior year
Balance at
31 March
2024
8alance at
1 April 2023
Income Expenditure
Unrestrlcted funds
Designated funds
3G Refurbishment fund
100,000
100, 000
General funds
General funds
98, 093
108,016
(177,478)
28,631
Total Unrestrlcted funds
198, 093
108,016
(177,478)
128,631
Restrlcted funds
Holywood Trust
John Wallace Trust
19,776
(19,776)
1,644
1,644
1,644
19,776
(19,776)
1,644
Total of funds
199,737
127,792
(197,254)
130,275
17. Summary of funds
Summary of funds - current year
Balance at
31 March
2025
Balance at 1
Aprll 2024
Income Expendlture
Designated funds
General funds
Restricted funds
100,000
28,631
100,000
31,944
1,644
93,064
42,161
(89,751)
(42,161)
130,275
135,225
(131,912)
133,588
Page 25

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17. Summary of funds (continued)
Summary of funds - prlor year
Balance at
31 March
2024
Balance al
1 Apnl 2023
Income Expenditure
Designated funds
General funds
100,000
98,093
1,644
100, 000
28,631
1,644
108,016
19,776
(177,478)
(19,776)
Restricted funds
199, 737
127.792
(197,254)
130,275
18. Analysls of net assets between funds
Analysls of net assets between funds - current year
Unrestrlcted Restrlcted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
304
136,250
(4,610)
304
137,894
(4,610)
1,644
Total
131,944
1,644
133,588
Analysls of net assets between funds - prlor year
Unrestricted
funds
2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
388
144.957
(16,714)
388
146,601
(16, 714)
1,644
Creditors due within one year
Total
1.644
128,631
130,275
Page 26

THE GREYSTONE ROVERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
19.
Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the charity in an independently administered fund. The pension cost charge
represents contributions payable by the charity to the fund and amounted to £13,263 (2024 - £16,825).
Amounts of £5,560 (2024 - £nil) were overpaid to the fund at the balance sheet date and are included in
other debtors.
20. Related party transactlons
During the year the charity entered into a transaction at arm's length with DB Alison And Partners
Insurance Brokers, of which trustee D Alison is an owner, for insurance services. The cost in the
accounts amounted to £1,599 (2024 - £1,511). At the period end date £nil (2024 £nil) was owed to DB
Alison.
Page 27