2024-08-31-accounts

REGISTERED C&UUTY I%LTrIBER: SC046780 Report ofthe Tru8tee$ and UDaudlted St*tenKnts For The Year Lllded 31 August 2024 for Forres Area Soeeer 7, Park Howe Centre South Street Elgx tV30 IJB

Forres Area Soeter 7's Colltents of tbe Fillan¢lal Statements For The Y¢ar Ended 31 Au¥u8t 2024 Report of tbe Irugtees Independent Eun)Iner'B Report Statement of Fknanftsl At￿￿tIeS Bl4nce Sheet iDte8 to Ibe Fillallcial Statements 5 to 9 Detllei) Statement of FIDanthl Aedvfides 10

Forres Area Soccer 7,$ Report of tbe Trustees For The Year Ended 31 August 2024 The trnstres present their report with the financiAI statements of the charity foT the year ended 31 August 2024. The trustecs have adopted the provisiotts of Aceoulltill8 and Reporting b} Charities: StatemeDt of Rwommended Practice applicable to cbarities PTeparing th¢ir accounts in accordance with the Fitiancial Reporting Standard applicable ill the UK and Republic of Irelatsj (FRS 102) (efftctive l January 2019). OKTECTTVES AND ACTTVITIES Obje¢tiv¢$ aitns The clwiiy's pu4iose is the adi'an¢¢m¢nl of public participation in spoti specifically participation in football by hildren of all abilities. Slenlfft#nt ctlTrlties Benveen February alld October, the charity run regular football llwt¢hes on SulldaYs as well as training se5S10DS IXI edTLcsday and Thursday EveDillg's for children aged between 4 and 16 regardless of their ability. STRUCTLqiE, COVERNANCE I¥IAliAGEMENT Governing documeDt FO￿e9 Area Soc¢er 7's is a Scottish Ch8ritabl¢ fnwTPOrnted Orwisation (SCIO) and its n]anagement and oper&tions ore governed by its con$tibJtioll. REFEREPICE APD ADMifilSTRATIVE DETAILS Regl$tered Charity number SC046780 Independent F".iamiiJtr The Long Partnership Park House Centre South Street Elgin IV30 IJB Approved by order of the board of tmste¢s on 26 May 2025 and signed on it8 behalf by. Pa8¢ 1

IndepeDdeDt Examlner's Report to the Trustees of Forre$ Area Soecer 71 I report on the a¢¢ounts for the year elldcd 31 All8￿st 2024 set out on pagcs three to ninc. Respe¢tive responsibilities of trustses and examiner The charity¥s tn￿teeS are responsible for the pr¢parntion of the accounts in accordance with the iernjs of the Charilies attd Tjustee Investtnent (Scotland) Act 2005 and the Cljarities Accounts {Scotland) Regulations 2006 {8s atnended). The chan'tys tTusie¢s ¢onsid¢r that the audit TEquiremenl of Regulation 10(I)(a} to {cl of the Accounts RegulatioA% does not apply. It is mv responsibility to examin¢ the accounts as required Under S￿tion 44(1)(¢) of the Aet and to state wlkether particular matters have eome to my attention. Basfis of the Independent examlnv's report My ¢xaTllinarion Wds ¢arried out in &ccordance with R¢gulatii>n I l of & Clwitics Accounts (ScotlaDdl Regukntions 2006. An examination i￿lUd￿ a review of the accountllig records kepi b) tbe ch&Tity alld a comparison of the accounts presented with those Teu)Tds. It a180 includes ¢onsiderntion of any unusual iterns or disclosure8 in the accounts, and seeknng explanations from you as tnL8tees collc¢rnillg WLY such Jnatters. The pro¢ethires undertaken do not provid¢ all the evidence that V*'oukl be required in an audii and consequenuy I do no¢ exPT￿ all audit opinion ot) the view given by the accouJ]I Independent exarnjner's ststemeDt In cotllxtion with my examinatio￿ no matter has coll￿ to my attention: (l) which gives m¢ roggonable Cause to belIe￿e that. in any mat¢tial resFecL the requirement5 keep accoullting records in ac¢orth¢e with S￿tiQll 44{1)(a) of the 21K)5 Act and Regulation 4 of the 2￿)6 Accounts Regulations. and to prepare accounts which aceord with the accountill8 r¢cords and to conlply Regu]atioll 8 of the 2006 Accounts Regulations bal'e not been met: or (2) 10 whicm in my opillioll, attention sI￿Uld be dTaThD in order io eJJ&ble a proper undeTYtanding of the ac(OUllts to be Park House Centre South Street Elgin IV30 IJB 26 May 2025 Page 2

FoTres Area Soccer 7,$ Statement of Flnanclal Actlvlties For The Year Ended 31 Augusi 2024 31.8.24 Unre8tric￿d fLmd 31.8.23 Tothl fiJDds oles LNCOMI E EN'DOWNENTS FROM Donations and legacies 10,068 19J26 Other trading actiiities Investment incon 2,505 137 9.390 114 Totil 12.710 28.R30 EXPLYDITliRE OIY Raising funds 5,900 7,187 Charltsble #etivitie$ Charitablc activities 10,888 23206 Totsj 16,788 30,393 NET LycoL￿(EXPE￿D[TuRE> (4.078) (1,563) RECONCILIATIO.Y OF FLIYDS Totsl fi￿dS brought fotiyard 13.698 15,261 TOTAL Fu￿￿s CARRIED FORWAJiD 9,620 13.698 The notes forn] part of these finallcial statements Page 3

Forres Area Soccer 7, Balance Sheet 31 August 2024 31.8.24 u[￿eStrIC1¢d fijnd 31.8.23 Totsl fund8 Notes FIXED ASSETS Tat]gible assets 2.772 3,261 CURRENT ASSETS Debtors Cash at bank and in halld 1,350 6,248 10,137 7,598 11,137 CREDITORS knounts talling due ￿rythin one year 17501 (700) ET CLryiREliT A&SETS 6.848 10.437 TOTAL ASSETS LESS CLT. iRENT L￿ILITIEs 9,620 13.698 NET ASSETS 9,620 13,698 10 Unrestricted fimds 9,620 13,698 TOTAL FLY4DS 9,620 13,698 The finarteial statements were approved by the Boatd of Ttu￿eeS and authorised for issue on 26 May 2025 and wcrc signed on its behalf by. The notes fonn part of these fllwicial statements Page 4

ForreB Area Soeter 7, Notes to the Financial Statements For The Year Ended 31 Augu812024 ACCOLI%TThG POLICIES B4sts of pr¢p8rlD8 the fknallclal 5tatemenl$ The fU￿)CIal statement$ of ths clharity, vA)ich is a publi¢ bencfit entity under FRS 102, haTre b¢¢n prepared in accordance with the Charities SORP (FRS 102) 'Accowiting and Reporting by Charities: Stat¢ment or Recotnmended Practice applicable tt> chariiies preparlng tbeir ac£owits in accord￿)ce Mryth the Financial Reporting Stondard applicoble in the UK and Republic of t￿]#lld (FRS 1021 (eff￿tiTre l Jalluary 2019),. Fitwcial Reporting Stllldard 102 The Fit]ancial Reporting Standard applicable in the UK and Repub]ie of Irelattd, and the Charities and Trnstee tnvesth)ent (ScotiaJKI) Act 2005. The finan¢ial sta*ments have been prcpaTEd under the bistOriC81 cost ¢oDvention. Irtcome All income is rEGo8tiised in the Ststernen¢ of FiDancial ActiTrities ollce the clwity has entitlennit to the fuThds, il is probable the will bc received and the amOW￿ Can be measured reliably. Expendlture Liabilities are rEW￿￿8ed as expendittwe as soon as ther¢ is a legal or constructive obligation committiti8 the ¢IwAty to that expenditure, 1¢ is PTobabl¢ that a transfer of economic benefits will be required ij settlernent and the amowrt of the obligation Can be DKasur¢d reliably. ExpXndItt￿e is accounted for on all accnials basi5 and been classified under headtiw that aggTegal¢ all oo$t ￿lated to the category. Vlhere costs G8nnot be directly attrsbufrd io partielllar headings they have be¢ll all￿ated to a¢tivities on a basis Consistent with the us¢ of TA￿%￿b]e fixed assets Depreciation ts profyided at the followttig annual rates in order io wrile off ea¢h &sset over its estimated life. Plani and nwhillerv IS¥0 on rthcing balance Tax4tlon The charity is ¢xempt frojn on its charitable activities. Fund accounting Unrestricted fund$ ¢an be used in accordajkn-e wAth the cbaritsble objectives at the discretion of the tNstees. Restricted fimds ¢au ojdy be used for particular re%tricted pu￿05e5 within the objects of the charity. RestrictioTrs arise when Sp￿l￿ed by ¢b¢ donor or when fimds are raised forparticulaT restricted purposes. Further explanation of the watutt and purpose of ¢￿h fulld is included in tbe notes to the fJnan¢ial statements. OTIIER TRADLYG ACTivrriES 31.8.24 31.8.23 Fullthising events Sponsorsbips 1,905 600 1,790 7.600 2,505 9,390 Page 5 continued...

Forre$ Area So¢¢er 7, i Otes to tbe Flnallclal StAtement5- CODtinued For The Year Ended 31 August 2024 ESThIEYT INCO,ME 31.8.24 31.8.23 Deposit accouttt int¢r¢st 137 114 ILUSING ￿1Th'Ds IDie8tn)ellt MA￿￿eMent eost8 31.8.24 31.8.23 489 576 TRUSTEES, REMUNEIi4TION AND BENEFrrs There were no Izw¢e¢8' remuneration or other b￿￿rIt$ for the year ended 31 August 2024 nor for the i¢ar ended 31 August 2023. Trustees, expenses There ￿'tre no tr￿tee5, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. COMPARATIVES FOR THE STATEMEIIT OF F]P4ANCIAL ACTIVITIES Unr¢strict¢d fund COIIE ENDOWMLNTS FROM Donations and legxies 19,326 od￿r trading activities Investmeiit income 9,390 114 Total 28,830 EXPLNDITLIRE OY CharRtable actiTrltles Cl)aritabl¢ activities 23,206 Tot 30,393 I%ET LYCOMEI(EXPThDITLryiE) (1.5631 RECONCILIATION OF FLryDS Total funds brought fotivard 15.261 TOTAL FUNDS CARRIED FORM'ARD 13,698 Page 6 continu¢d...

Forres Area Soccer 7,$ ]Yotes to the Financl81 St&tements - eontinlled For The Year Ended 31 August 2024 TATriGtBLE FL%ED ASSETS Plant and machinery COST Ai I Septethr 2023 and 31 August 2024 8,613 DEPRECIATIof* At I September 2023 Charge for yepr 5,352 489 At 31 August 2024 5,841 ET BOOK VALLTE At 31 August 2024 2,772 At 31 August 2023 3,261 DEBTORS: AMOUNTS FALLLIG DUE IVITHL¥ ONE YEAR 31.8.24 31.8.23 TTrde debtors 1,350 1,000 CREDITORS: AMOUNTS FALLII%C. DUE WITHTh ONE YEAR 31.8.24 31.8.23 Other creditors 700 10. .riiovEMENT Th FUNDS Nel movcment in fimds At 31.8.24 At 1.9.23 Ullrestricted fwidl General fijnd 13,698 (4,078) 9,620 13,698 (4,078) 9,620 'et movemenl in fjjnds, inclutsl in th¢ abov¢ are &$ follouB: Incomin8 resources Resources expended Movement in funds nrestrAeted funds Generdl 12,710 (16.788) {4,078) TOTAL FL'NDS 12,710 (16,788) (4.078) PY¢gc 7 conlinud...

Forres_4rea Soccer 7,$ Notes to the Fln&nelal Statemtnt8- eontinued For The Year Ended 31 August 2024 io. MOVEMLNT L% FUNDS- continued Cornparatlves for movement In funds Net movement in fijnds At 31.8.23 Ai 1.9.22 UDre8trleted funds General fund 15261 11,563) 13,698 TOTAL Fu￿￿s 15261 (1,563) 13,698 Comp8Trtiv¢ net mov¢m¢nl in fi￿d4 included in the above ¥se a$ follows.. In¢oming resources Resources Movemcnt expended ill ￿ndS Unrestrieted funds Gencral fimd 28,830 (30393) {1.563) TOTAL FUIIDS 28,830 (30,393) (1,563> A current year 12 montlks prior Jrar 12 n￿llths combined position is as follows: Net movement in funds At 31.8.24 At 1.9.22 LTnrestricted funds General fimd 15261 {5,641) 9.620 TOTAL FUNDS 15,261 (5,641) 9,620 A ¢uThent Y￿ 12 aDd prior Iwr 12 mollths cojnbined net Inovemenr fijnds, included in th¢ &bove are as follow3.. ]llcomin¥ resources Resource8 expendcd Movement in ￿lld8 rLrestricted fuDd$ General fimd 41540 (47,181) (5,641) TOTAL FL,YDS 41,540 147,181) (5.6411 Page 8 continued...

Forre5 Area Soccer 7, Notes to the Flnan¢lal Statements- ¢olltlnued For The Year Ended 31 August 2024 ii. RELATED PARTY DISCLOSURES There were no related party transactions for the year end¢d 31 August 2024. Pagc 9

Forres Area Soccer 7,8 Detydlled Statement of Finant581 Aetivities For The Year Ended 31 August 2024 31.8.24 31.8.23 YCOME EYDOIVMENTS Dongtlons and leg•¢fie8 Dollation5 Grants Subscriptions Kitchen Sale8 VieTrenburg Bowlus 50150 split 650 4,478 1,000 7,442 4,966 829 611 5.677 3.421 320 10,068 19,326 Other tradlng attlvltles Fundtaising ￿'ents Sponsorships 1,905 600 1,790 7.600 2505 9,390 InvestmeDt IDcome De￿)$11 account intercsl 137 114 Total iDeoming resources 12.710 28,830 EXPEI¥DITURE Other trading actlvltSes Purch&ses 5,411 6,611 Investment maDagemeDt costs Plant and machiw. 489 576 Charitable •¢dvltles Insurance Light aJMJ heat Telephone o£ri¢e co8ts Advenising and ev¢n¢S Swithie$ Vienenburg expa)ses Repairs al￿ rettewal8 332 1,214 1.618 644 1,460 313 1,512 3.027 820 944 439 2,501 4,394 561 12,446 360 10.120 22,465 Support costs Other Aceountancy 768 741 Total TfSOUTces expended 16,788 30,393 Net expendllure {4.078) (1,563) This page does not fonn part of the Sta￿tOry fmancial statements Page 10