The LGS Community Trust Scottish Charitable Incorporated Organisation
Report and Financial Statements
For the period ended 31st July 2025
Scottish Charity No. SC047088
The LGS Community Trust
Scottish Charitable Incorporated Organisation
INFORMATION
FOR THE PERIOD 1 AUGUST 2024 TO 31 JULY 2025
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CHARITY REGISTRATION
Scottish Charity Number SC047088
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The LGS Community Trust Scottish Charitable Incorporated Organisation TRUSTEES' REPORT
FOR THE PERIOD 1ST AUGUST 2024 TO 31 JULY 2025
The trustees are please to present the Annual Report and Financial Statements for the period ended 31st July 2025
Constitution
The LGS Community Trust is a Scottish Charitable Incorporated Organisation (SCIO).
It was registered in its current legal form with the Office of the Scottish Charities Regulator with effect from 12th January 2017.
The charity has a single tier structure and therefore the trustees are the members of the charity.
Appointment of trustees
Trustees may be any person aged 16 or over who subscribes to the purposes of the charity. The board of trustees may at its discretion accept or veto any person applying for or nominated for membership as a trustee.
Our initial trustees appointed on 12[th] January 2017 were:
Objectives and Activities
The organisation's purposes are:
- To provide recreational facilities and recreational activities with the object of improving the
conditions of life for the persons for whom the facilities or activities are primarily intended.
- To advance public participation in sport and physical activity.
The LGS Community Trust
Scottish Charitable Incorporated Organisation TRUSTEES' REPORT
FOR THE PERIOD 1ST AUGUST 2024 TO 31 JULY 2025
Activities
The LGS Community Trust are responsible for operating Georgetown Community Centre which we lease from Dumfries and Galloway council.
The Trust are responsible for programming activities, employment programmes and events for the benefit of the wider community.
Achievements and Performance
During 24/25 the Trust has continued to perform well. The introduction of the development worker, funded by external funders, has allowed us to increase the Short term hall lets have been sustained at similar levels to 23/24.
Funding for the extension project has now been secured and tender process has began for the build phase. It is anticipated that the build will commence in This will contribute significantly to the long term financial sustainability of the organisation.
Financial Review
Grant income has been sourced to fund the full time development worker post which should lead to increased income from short term lets and community event
Total income for the period amounted to £128,647 Total Income from Revenue - £54,477 Total Grant Income - £74,170
The LGS Community Trust Scottish Charitable Incorporated Organisation TRUSTEES' REPORT
FOR THE PERIOD 1ST AUGUST 2024 TO 31 JULY 2025
Reserves Policy
The LGS Community Trust has unrestricted reserves of £123,376
Future Plans
Our Future plans are:-
To progress to the next phase of the extension. This will involve securing the remaining funding for the project and progressing to the build phase of the project.
The Trust will continue to deliver a vibrant sustainable community venue and to contribute to encourage families
and individuals to actively engage in physical activity and well-being activities to improve health,
reduce social isolation and reduce youth unemployment.
Objectives
The 4 objectives are
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Improve Health and Wellbeing
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Reduce Social Isolation
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Reduce youth unemployment
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Create sustainable income streams
Approved on behalf of the trustees
Trustee
Approved on behalf of the trustees 8/31/2025
LGS COMMUNITY TRUST
The LGS Community Trust
Scottish Charitable Incorporated Organisation
INDEPENDENT EXAMINERS REPORT ON THE ACCOUNTS FOR THE PERIOD 1 AUGUST 2024 TO 31 JULY 2025
I report on the accounts for LGS Community trust, which are set out on pages 5 to 7.
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations 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.
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 a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning 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 accounts.
In the course of my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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to prepare accounts which accord with the accounting records and comply with regulation 9 of the 2006 Accounts regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
31.08.2025
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The LGS Community Trust SCO4 7088 Scottish Charitable Incorporated Organisation
RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD 1 AUGUST 2024 TO 31 JULY 2025
| RECEIPTS Revenue Grants received 2 trading income TOTAL RECEIPTS PAYMENTS Fundraising expenses Surplus/(Deficit) for the year post fixed assets expenditure Surplus/(Deficit) for the year pre fixed assets expenditure 2024/25 £ Cost of charitable activities cost of fixed assets, net of grants 4 £131,746 5 £0 |
£74,170 £54,477 £128,647 -£3,099 -£3,099 2024/25 £ 2023/24 £ £131,746 £132,132 £0 |
£65,060 £61,605 2023/24 £ |
|---|---|---|
| £126,665 £132,132 |
||
| -£5,467 | ||
| -£5,467 |
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The LGS Community Trust
Scottish Charitable Incorporated Organisation
STATEMENT OF BALANCES
AS AT 31ST JULY 2025
| Fixed Assets 5 Bank account 6 Cash in hand Net Assets Reserves Funds held at 1 August 2024 historical adjustment moving from fixed assets/accruals accoun 7 Surplus (Deficit) for the year, pre fixed asset net expenditure (note 5) Funds held at 31 July 2025 Approved on behalf of the trustees |
2024/25 2023/24 £ £ £41,349 £41,349 £81,900 £84,999 £127 £127 |
|---|---|
| £123,376 £126,475 |
|
| £126,475 £131,942 -£3,099 -£5,467 |
|
| £123,376 £126,475 |
|
31.08.2025
Trustee
SCO47088
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SC047088
The LGS Community Trust
Scottish Charitable Incorporated Organisation
NOTES TO THE ACCOUNTS FOR THE PERIOD 1 AUGUST 2024 to 31 JULY 2025
| 1. 2 3 4 5 6 7 8 |
Basis of accounting These accounts have been prepared on a receipts and payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). All of the funds held are unrestricted funds which may be used at the discretion of the trustees in support of the aims and objectives of the charity. Grant Income Revenue Grant Income LGSCT Community Led Fund Refund LGSCT Awards For All (FUNDING) LGSCT foundation scotland (FUNDING) LGSCT Robertson Trust (FUNDING) young strat-esporty capex grant income Fundraising Expenses Oaks Consultancy Cost of Charitable Activities Fixed assets IT Equipment Cost site development less SOSE grant income The trustees confirm that the assets above are properly valued at net book value. Bank and cash reconciliation opening bank and cash balances 1.8.24 deficit for year, pre fixed asset expenditure historical adjustment closing bank and cash balances Historical adjustment 2023 this represents a historical amendment to prior year reserves as a result of a prior year Trustee remuneration Staffing Utilities Repairs/Maintenance/Hygiene Cleaning digital services/software/licences facility equipment admin Telephone/IT Marketing Professional Services Resources/Equipment Misc/Gen Travel Expenses Insurance Project Costs op bal adds fixed asset expenditure fixed asset grants |
2024/25 £40,376 -£748 £14,542 £20,000 £74,170 £54,477 £0 £0 £157 £131,746 £7,964 £7,964 £164,971 £164,971 £164,971 £172,935 -£131,586 £41,349 £85,126 -£3,099 £0 amendment moving to cash based acc £66,727 £18,152 £15,937 £3,758 £2,250 £9,100 £450 £9,316 £1,980 £4,590 -£725 £55 £0 £0 £82,027 £82,027 |
2023/24 £65,060 £61,605 £0 £0 £2,819 £1,038 £1,800 -£113 £132,132 £7,964 £7,964 £164,971 £164,971 £164,971 £172,935 -£131,586 £41,349 ounting/ receipts and payments £38,132.00 £4,000.98 £2,250.00 £677.00 £20,000.00 £56,200 £21,597 £30,659 £2,236 £6,266 £1,835 £241 £7,555 |
|---|---|---|---|
is remunerated £20000 per annum (2024 £20000) for his services
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