2024-05-31-accounts

Kinross Astro SCIO Scottish Charlty No SC046225 Allnual Report gnd FlnAn¢l*l Ststements for the year ended 31 Mav 2024

Annual report for the year ended 31 May 2024 The trustees have pleasur¢ in presenting theirrep)rt togethff with thefinatKial ststenktsts for the year to 31 May 2024. Reference and admini5traiive information Charity name Kinro$s Astro SCIO Charity no Address SC046225 The Club House Kmg George V Playing Fields The Muirs Kinross KY13 8BS Trnstees

Trustees, report Objective5 and activitie5 Charitable purposes The charitsble purposes of Kinros5 Astro are: the advanc¢ment of public pani¢ipation in sport through promotion of hockey the provision of rccreatioDal facilities. througb the meaDS of the funding and maiDlcnance of a hockcy pitch in Kinross. Kinr05s Astro was iDCQTPOTatcd as thc vehicle foT the ownership and management of the Synthetic hockey pitch in Kinr058. Structure, governa nce ard management constitution The charity 15 a S¢ottish clwitable In￿￿￿d or88nisation (a SCIO). It was rewtered on 23 Dec¢M￿r 2015. It ha5 a 5ingle-tierstr￿tW¢ a)xl8s such the trnstees are the members of th¢ cbority. The gov¢rning document is its ¢oDstitution. which 18 based on the model onstitution published by OSCR. Appointment of trustees Thc managem¢ni committee, whi¢h currenily mccts on an ad-hoc basis, are the charity's trustees. M¢mlxrship of the man4em¢nt¢ommitt¢e is op¢n to all. TTude¢5 arc clectcd al the annuMI 8en¢r81 medtng which is h¢ld in FebNary. Thercmua bc a minimum of thr¢£ truth& None of the trustee8 are remutsernied for their work with Kinro$s ASITO. Achievements and performance The pit¢h ¢ontinut8 to bewell Us￿, both by th¢ lo¢al ¢omunity by ￿Up$ fi￿M furthcr afield. Financial review The iticome from the pitchwas down slightty on last year. We bavt continued to invest all funds not immediatety required. Th¢ result for theyear. after invethtnt wJinsand transfer ofsuTplus funds to th¢ desi￿atrd r¢s¢rYe, was a sutplus of £4,T73 (2023.. £42,170). KiDfoss Astro is strongly ¢8sh genernling and therefore funds appear adequate for on8QiDg op¢rations for th¢ for¢s¢¢abl¢ futyr¢. Reserves policv The trustees aim to ¢nsurethAt theff are sufficient funds genernted over the lifetime of the pitch to allow the plawng $urfaLY to b¢ replaid 8g#in ai Ihe end of its useful life, estimated for approximjtely 2028-2030. A sum Cqual io th¢accumul&ted depreciaiTon on r￿ed assets plus £20(Kl is lo bc pl*¢d in thc d￿18n81¢d fll￿ provithd that sufficient free fuDds remain for the op¢r81ional purposes of the charity. Atthe end of the year. the trustees transferred £18.258 (2023.. £17,873) to the designa￿d regerve, givin8 a ¢umulativetotsl of £120.292 {2023: £102,034) against pitch replac¢mtht. tn addition, there were £15,4￿ in free funds {2023'. £13.611). All other funds are resirtcted, representing start-up f￿￿ing for the chaTiry. Total funds were £292,572 {2023.. 287,799). Prir)cipal risks and uncertaintie5 The principal riskfaciDg the cbaTity As that theplayitigsurf&eof the pitch lasts si8nifieaDtIy less than the 13 years budgetrd f￿. This might lead to an inability to replace it at the end of its life. In addition, a significant proportion of the charity's funds are now invested in financial maTkcts, which cwry inh(zcntTi5k. All fundsare iDveaed in a'fund of fuThJs', managed by a firm of profcssional managcrs, thus spreading the Tisk of losscs. A Tclativcly 888ressiv¢ investment ap￿￿¢b ha4 beffladq)teA. The tNsle¢s believethat this is warrntd. Since pitch replacement is a long-terni proje¢L The inveslment asset can be converted back to cash without notice.

Future plans The charity will co￿1nut to op¢rte the pitth ts its firgpriwiry. It will ty to expand its cuslomer bw in line with its trmjsiness pi•n and to grow its other of income to ensure that fvnds are uate forthe rePlxem￿t of the playxw ill 2030. The trU￿e¢S ￿¥¢ no reason to trKlteve tht the ¢hity will cO￿tinUe as aBoin8¢oiicern. 27 Febnwy 2025

Klnross Astro SCIO Statement of financial activities including Income and Expenditure Account For the yer ellded 31 May 2024 Total fun 2024 Total fufjds 2•23 )te Rtstri¢trd UDr¢l¢l•d oated CeDer41 tneome tknD&tioDS her tradingactivit*8 Inv¢stmelll incomc Total llhcome 33.019 26219 279 24390 24.890 894 894 894 24 90 Exp¢ndlture Charitfibk actiVi1%8 &bvem8n¢¢ Total tx nditu 16258 14J17 390 30J75 390 18.160 210 16 58 IY¢t lD¢omelleJpeDdl￿re) 11SJ64) i• J83 (5.181) 43,147 TAnsfern between fund5 N¢1 Bam￿0088¢$) on estrnent aS5et$ Net movement in fuDd8 18258 {18258) 9,954 9.954 1977) 64 58 ReconriliAtIoD Ot run Tolal funds brou8bt forward Total funds ciffied forwBrd Th¢ statement of fmlncial activities includ¢s all gains and losses reco￿lSed in the year. All iticome and expenditure is d¢rivcd from CODtinuiDg activitse$. 172.154 102.034 287.799 245,629 156,790 120292 15,490 292572 287.799

Balance sheet t 31 MAY 2024 Al31 M•y 2031 2•23 126A114 I20￿84 J42 J69 120.292 ocks Debto B•nk und ¢ayb in ho#d TolAI CUTWt •sts 1211170 494 1.882 49225 172671 97.116 32 5.117 50 62 153415 494 1,882 18J19 120 92 Llallllll CTrd*oTr f8llm8 d ILM Oll¢ (6.183) (0.1131 ,1851 120 92 Is 30 120 Is 192 72 217 799 FuDd• •f IhÈ thAT R¢Its￿￿d fuDds UnR#rKltd fuDd• LkSVAied C￿¢￿1 156.790 156.7911 172,154 120392 120292 15,490 102fv34 13.011 15 J90 T•tsi ckirliv f¥#th Is 292 The notcs at P•8es 7 w 12 form pan ol. these AppTOy￿ by the on 27 Fcbrnary 2025 and 81 ed on the￿ b¢b•lf by..

Statement of cash flows For the year to 31 May 2024 Year to 31 May 2024 Ye8r lo 31 M#y 21)23 Note Nei ¢08h fk)wfMm operdtin8 Bctiviiies 18226 55.719 C•sh •uttlow froTr Inve¥tt•g Activitiei IntaESt iDcomc lr¢hos¢ of asjets Puwh4s¢ of invcstmrnt$ 894 (6,757) (14,000) 279 (7.036) 14,000) Change ti) ush And c15hcquivalents ir the year (1,637) 44.962 Cash athd ¢ash cquivalcnt brou#Lt fOr￿ard C48h equlv•leM¢urrled t•rwrd 50,862 5,900 49325 5062 Notes to the accounts l. Accounting policies (a) Basis ofpreparalion andassLfsnYnfofgolngeoncern The accounts (rm8￿141 s¢atemeJJi&) have b¢en pre￿r￿1 on a going concern basi& unthrthe historical c081convm¢icn with It￿ r¢co8nised at cost or transaction valuc. The financial statements havc b¢¢n prepar¢d in aceordan¢x with th¢ s￿ternent of R￿QMMended Practice: ACCO￿ting and R￿Orting by Charities pre￿ring th¢ir accounts accordan￿ withthe Financial Rery>nIn8stsnd4￿ applic8bleinthe UKand R¢publicof Ireknd IFRS 102). the Ftnancial Reportin8 Sthnd8￿ applicable in the United Kin8d(￿ and Rcwb of Ireland (FRS 102), the Charitie8 and Trusree Invesiment (Scoiland) Act 2005 and the Chartties Accounts (Scotland) Regulations 21x16 (as amended). Th¢ charity c(Ok8tittrtes apubl1cbc￿Cfit entity asdefinLyJ by FRS 102. cm8idtrthot ther¢ ar¢ no maiwial un(%rt8intiGs a￿VI Kinros.q Aaro's ability to continue &s a 80ingc¢Mecm. The most significant UD(%rt8inty is th¢lifettmeof tl pl8yll￿ surfaLZ of the pitch (8eeNo l fy This is likely to remain the most important consideration ID futurc y¢ars tlKJ. ft)) Funds Jtruclmre Re8tricted funds include.. the Stsrtup Fund, whirh represents the start-up donations lo thc charity, whi¢h wuc used to renew th¢ playing surface and to purchase ancillary equipment. the WarnTrup ATh Fun4 whi¢h rcw¢s¢rfs &)natiim¥ toward8 thewarnnw aTfO proiwt The deSi￿AtedfllAdrepre5cnts fiTh&4putasith f0rthehffiTerep￿e0)ent0fthCpl￿YJng$urf in accordatte with the funding policy adopted by the trustees (s¢e TTUStecs' report). Unr¢stricled fUndScom￿lse those funth which th¢ trnskesare free to use for aDypurpo furtheT8n¢e of the charitsble obieets. (e)Income recowtionAllincomeisreco8nisedonc¢thc ¢h*ityhasentitl¢zna)ttothe inLYC4 it is probable thatthe income will be received. and the amount of income rKeivable I

meAsuredT¢iiably. Donioo8 we reco￿￿￿wI￿n the ¢h•ritybasbeennotifiAI in wrAlii)gof both th¢ amount and Setd¢m￿td4￿ In the ev¢nttha¢a dollatico is subied to ¢onditiorL4 require a l¢vdofperthrnMrKt befLYe thech&ity is ontiiled ￿ the fi￿d$, the in¢¥￿¢ is defaTrd aud not r¢¢o8nised until either tho8e conditions are fully mel or th¢ fulfil￿Al of thi conditioas is wholly within the control of the charity 8nd it 18 probable that those coDdit will b¢ fuifjlled in the reportio8 y¢ar. Pih blo¢kbook4 iDcotDeis def¢rral ￿mIle¢0￿￿￿I over tb¢ durntion of the bookin& (dj E¥pendltrerecognltlLw Liabijitiesare rea)pllsedas exFnthtureas so(￿ as is a lyl or ¢ODstruclive obligation Committi￿ the charity to that expenditur4 it is probabk that settl¢menl will be required and the lmourt of the obligation can be mcAsurol relA8bly. All expenditure is ￿Ounted foron An a¢¢N8ls basis. All expenses induditig 5UPP(Yt ¢osts 8OV¢rn8nce costs Are allo¢at¢d or ap￿rtioned to th¢ applic8bk expendi￿[¢ bezdin8S. (e) Ipyecovffable YA TIrnveTrble VAT is ¢W yiD#th¢ aXtMdilurehea4tiD8fw￿k it Wa8 iticutted. (O TanglblefiYedaJs¢ts anddepreciationAll aas¢ts C4)rtin8more than £IOOO are capithilè od valued ath11t￿l￿ co& tWittionii cbrydotha str&i8bt4ineba8is oNwthe follow￿8 ptriods: Yea J3 years 25 y¢ars 13 y¢ars Pilcb." playlng surface Pih: shockpad Machinery (LJ Inveslmets Investnrts ¥e initially ￿•sUred11 c(fjlndthen mthed to m*et as at the b818n¢e sheet date. (h) StscLt Stocks repffesart hith-vJlw swe parts forthefl(kJllight& They arev•lued at ¢oJL (i) Cash atbank andin kandcashat bank •DJ c•sh in hand iD¢lwlcs and bank ba inoluding balances h¢ld OD deposit of less than 90 dmys. O) Conilngeffj liabllilies A con¢in￿nI liabilty is identifial and discloged for tho$¢ wonts iesuliin8 from: possible obli8atim wbi¢h will only be confundby th¢ of one ornxrfr uncertain futurc ¢v¢nts not wholly within the trustees, control. or present Obli￿tion following H yant offer.. where seiil¢m¢nt is nol COD5idered probabk. or the amount has not bren comDNmi(ated in th¢ offer and that anxyunl cannot be estimat￿ rcliably. Q) Kinrosg Astro 15 a Scollish charitabkin¢orywaluJ organisalion. re8isiered in Scotiand. Its re8iStered addtess aJdprincip81 placcofbusiness is Th¢ Club How$4 Kitkg Geor8e V Playll Field8, Thc Muirs, Kinr095. KY13 8BS. 2. Related party transaction5 KiDro38 Hockeyclub is the chief custcqnff of Kinro88 Astro, ¢￿tr￿dY payi08£1 S,CiXItsu of the pitch (2023: £15.fJxi). In th¢ Prior year, Kinross Hwk¢y Club made a dollatb￿ of £35.0￿1 toward5 the warmup aT¢a PToj¢cL This pmject will now only be partially complthl (s¢¢ Nofr 5). The develoFmfflt ¢xp¢r•Jitur¢s written off ha￿ b¢en paid out of Beneral fill The r¢mainlnEbal8￿e ts now rep￿1¢on reqw and disqwions ar¢owingwith th¢d Tewding alternative use of th¢se fund8.

Ai 31 May 2024 8 ba]Ance of £nil (2023: £1,500) was due from the Club. 'as a m¢mber of the management committee of Kinross Hockey CILJb during the year. None of the trustees Tcceive any remuneration and none have Teceiwj atty expenses apart from where they have incurred exp¢ndiDJre on behalf of the charity. 3. Analysis of charitable activities The charge aw4insttherestrict&J fUDIrepr￿tsd¢￿¢CIatiOn on the fixed awts purchased with the Startup funthng. The charge againsi fr¢¢ futKIsiDcludes £6,984 char8ed on wtiteThoff of warn)-up area costs (Nots 5) All otherco#s reIa ￿ the ongoin8 nLfLnin8 of th¢ facilty atMI are charged against unrestricted funds. 4. Net income Oth¢r trading activities represettts pit¢h Tentsls and piteh$ide adv¢rti8in& Net income is sthted aft¢rlnd¢￿dCffi reviewer's remimtrati(m or£3￿(2023. £210). Ki Astro has no employ¢¢s. and no trustees were remuncrated for their work. 5. Fixed assets Plt¢b M¢blntry Amets under Totsl Coit As at 31 M•y 2023 Addition$ Di¥posal Trnnsf¢r As4t31MA 203.878 29246 7.856 6,757 16.984) 240.980 6.757 16,984) 2024 211507 240 753 A¢rumu]ated depreddo As at31 May2023 Char for the eir Asaijlma 2024 85291 13.120 98,411 58 114669 15 79 Net book vilt AS #i JI MA) 2024 Nei book valu¢ os 4131 Mav 2023 13 67 126084 142 569 118 587 All fixed assCt$ ar¢ held witbin restrI￿ed fun&s. The pitch. which is the property of Kinn)&s Astro, is builton landr¢ntcd ona long-ternioFralinglease fromKingGeorge VPlayin8Fickls Committee 12)- Assets undu corLstr￿tt0ll r¢pr¢s¢ai theco&s ofth¢¢bwity's proje￿ to dev¢lqJ a worn]up 8tEa llcxt to the pitch. Du¢ to a disPUt¢ with King G¢oT8¢ V Pl8yingFiclds CoDllnitt¢e.the prwt has now been cancelled, although some periph¢r81 works were complctc¢L Th¢ remainll development costs have been writtcn off through general funds.

1. Investments 2•24 2023 Llted BHknDce broU￿t forward Addition5 Net Ik)ssygaJ 97.116 14.000 9,954 94,093 4,000 (977) BaJaD¢¢ ¢8med forn*rd 121070 All investments are nowheld in a FTofes&ionally maDW'ftllMI of funds.. ThemaD8gall￿t of the associatcd risks is discussed ID th¢ Trusfres. report.
2. Debtors 2024 2023 Trnde debio i'meots attd aGcrucd iDcoJne i Joo 582 4.937 180 Total
3. Cash and cash equivalents 2024 2•23 tkposit accounl Current accouot Cash n hand Total 36.173 12.964 88 25 3S279 15.495 88 49

4. Creditors falling due v4ithin oneyear 2024 2•23 Trnde crrdtto A¢cTuaL¥ and dcfcrrcd itlcorne Total 358 S,R25 Accrnals aDd d¢f¢￿ed income Includes def¢rTed income of £4.814 (2023.. £4.894) wb repr¢s¢nts Invoic￿ blockpitchbookings and pilchsideadvertisingthat fall partly Into a futtllc year. In¢onrof£4.814 wa5deferrtsain the curreniyear,and £4.894was reIe&%edfnxnp￿K periods. 10

5. Analysis of charitable funds Wfwd rTr R•sirictedfvK&f Pitch W•rniu Tots1rest￿¢d 136.875 35 79 172 154 (15917) 341 58 120.958 894 894 16 UnreJiA¢i¢dfym tkniwFated Gellenl TotslunY¢str*t•d 102,034 13 24 115645 24890 18258 120292 54 15.490 9954 135782 Total 292 72

6. Reconciliation of net movement in funds to net cash flow from operating activities Net mov¢ment in futtds IkprtciatM)n chat Le￿ ititeregt ncome tA)ss 00 di%posalOffLx￿ a5se¢ Investment Igaitiyloss ncTea8eydecrease tn spor Lk¢Aa5el{inCTease) D] debto tkcr¢ase in ¢Y¢dtors 4.773 16.258 {894) 6.984 19.954} (174) 3335 (2,IKV) 42.170 15.873 (279) 977 160 (2.1461 11.036) cash nerated from o a¢iivi¢r5 18226 55,719

7. Operating lease Kinross Astro rents the land on which the pih is built from the King George V Playin8 Fields Management Committee{KGV). a r¢gisroJ cbariry. which leases it in turn fromPer and Kinross c(￿n¢11. There 18 a pep￿￿(Th rcni payableannually. Leasepaiments in the year were £50 (2023.. £50). Fumre payments will ￿ as follows.. 2024 2023 <1 ye•r 2-5 y¢ar8 ¢a 50 200 800 50 200 850
8. Contingent liabilities (a) L¢a8e Should th¢ lease forthe land underthe pitch (Nofr 12) notbe renewed al the end of the1¢4ge terni. then the charity would no longer b¢ able to operate and would be unlikely to have sufficient funds to build alternalive facilities. The trustees have no reason to believe that the lease would not be renewed at the ¢od of the lease terni. Ib} Ftoodli8hts The status of the fl0cdl1￿ts is undear undtt the tern￿of KGV'S leasewith Perth KinN CouncAI. It is not ¢lear where the liability forw fvnr¢ replacen*nt lies. The trnstees make provision against such a possibility wbcn fud5 allow. It is unlikely that repl0(a￿lt would be required during the lifespan of th¢ CUTr¢nl playllJ8surface. Giv¢n this, the tru5te¢s have not obtsined an estimate of the r¢pla¢cment Cost.

Independent Examinerfs Report to the Trustees of Kinross Astro SCIO pa8BiSkn11. 4llitttiKthofRt•&tw Iql)(•)kn(¢)oftbe 21¥ffjA¢cAY¢•R¢•klItiwth￿wKrt•Pp1Y. X iimyr¢wthllityto exn•rth¥WU•¥Tq￿¢4uIts￿y￿￿￿44o1{¢)•ftheAd•1l at whawytiTrihr h•v¢ to my 8ivu by th¢ •¢¢ollD to k¢o&%omtll¥recoT& 44(1)(a)of the 2005 Ab••ty m¢( or ullder5tsndinB of the Accounts Yc•&lod. Ar¢ountsnl IICA Valley Vitw KY13 9JQ 27th F¢bnwy 2025 13