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¢ replai*d 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 ¢h*ity will cO￿tinUe as aBoin8¢oiicern.
27 Febnwy 2025

Klnross Astro SCIO
Statement of financial activities including Income and
Expenditure Account
For the ye*r 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 •s*ts
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
l*r¢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•rw*rd
50,862
5,900
49325
50*62
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. Don*ioo8 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$, the in¢¥￿¢ is defaTrd
aud not r¢¢o8nised until either tho8e conditions are fully mel or th¢ fulfil￿Al of thi
conditioas is wholly within the control of the charity 8nd it 18 probable that those coDdit
will b¢ fuifjlled in the reportio8 y¢ar. Pi*h blo¢kbook4 iDcotDeis def¢rral ￿mIle¢0￿￿*￿I
over tb¢ durntion of the bookin&
(dj E¥pendltrerecognltlLw Liabijitiesare rea)pllsedas exFnthtureas so(￿ as is a lyl
or ¢ODstruclive obligation Committi￿ the charity to that expenditur4 it is probabk that
settl¢menl will be required and the lmourt of the obligation can be mcAsurol relA8bly. All
expenditure is ￿Ounted foron An a¢¢N8ls basis. All expenses induditig 5UPP(Yt ¢osts
8OV¢rn8nce costs Are allo¢at¢d or ap￿rtioned to th¢ applic8bk expendi￿[¢ bezdin8S.
(e) Ipyecovffable YA TIrnveTrble VAT is ¢W yiD#th¢ aXtMdilurehea4tiD8fw￿k*
it Wa8 iticutted.
(O TanglblefiYedaJs¢ts anddepreciationAll aas¢ts C4)rtin8more than £IOOO are capithilè
od valued ath11t￿l￿ co& tWittionii cbrydotha str&i8bt4ineba8is oNwthe follow￿8
ptriods:
Yea
J3 years
25 y¢ars
13 y¢ars
Pilcb." playlng surface
Pi*h: shockpad
Machinery
(LJ Inveslme*ts Investn*rts ¥e initially ￿•sUred11 c(fjl*ndthen mthed to m**et
as at the b818n¢e sheet date.
(h) StscLt Stocks repffesart hith-vJlw swe parts forthefl(kJllight& They arev•lued at ¢oJL
(i) Cash atbank andin kandcashat bank •DJ c•sh in hand iD¢lwlcs and bank ba
inoluding balances h¢ld OD deposit of less than 90 dmys.
O) Conilngeffj liabllilies A con¢in￿nI liabilty is identifial and discloged for tho$¢ wonts
iesuliin8 from:
possible obli8atim wbi¢h will only be confun*dby 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 depred*do
As at31 May2023
Char
for the
eir
Asaijlma
2024
85291
13.120
98,411
58
114669
15
79
Net book vil*t 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.

6. Investments
2•24
2023
Ll*ted
BHknDce broU￿t forward
Addition5
Net Ik)ssyga*J
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.
7. Debtors
2024
2023
Trnde debio
i'meots attd aGcrucd iDcoJne
i Joo
582
4.937
180
Total
8. 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
9. 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

10. 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

11. 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
12. Operating lease
Kinross Astro rents the land on which the pi*h is built from the King George V Playin8
Fields Management Committee{KGV). a r¢gis*roJ 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
13. 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 ex*n•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