KILWINNING COMMUNITY FOOTBALL ACADEMY
Annual Report and Unaudited Accounts For the year ended 1 October 2024
Registered Charity – SC048379
KILWINNING COMMUNITY FOOTBALL ACADEMY
CONTENTS
| Page | |
|---|---|
| Reference and Charity Information | 1 |
| Trustees’ Report | 2 |
| Independent Examiner’s Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 |
KILWINNING COMMUNITY FOOTBALL ACADEMY
TRUSTEES’ REPORT
FOR THE YEAR ENDED 1 OCTOBER 2024
REFERENCE AND CHARITY INFORMATION
Charity Name Kilwinning Community Football Academy Charity Number SC048379 Principal Office 23 Dalgarven Wynd Kilwinning North Ayrshire KA13 6DD
Website
www.kilwinningfa.co.uk
Current Trustees
Independent examiner
EA Independent Ltd 5 South Charlotte Street Edinburgh EH2 4AN
1
KILWINNING COMMUNITY FOOTBALL ACADEMY
TRUSTEES’ REPORT
FOR THE YEAR ENDED 1 OCTOBER 2024
The Trustees are pleased to present their report and accounts for the year ended 1 October 2024. The financial statements have been prepared in accordance with Financial Reporting Standard 102 as issued by the Financial Reporting Council (September 2015) and comply with the charity’s constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as 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 (FRS 102).
Structure, Governance and Management
Constitution
Kilwinning Community Football Academy has a formal constitution and is established as a Scottish Charitable Incorporated Organisation (SCIO). It was registered with OSCR on 16 May 2018.
Members
Membership is open to any individual who supports the aims of Kilwinning Community Football Academy.
Recruitment and appointment of Trustees
Trustees are appointed in line with the provisions in our constitution. All of the association’s trustees are appointed or reappointed by the members at our annual general meeting.
Induction and Training of new Trustees
New Trustees will receive induction from the Chair and will be given appropriate training in governance.
Organisational Structure
The board meets regularly in person, or by virtual means to manage the business of the charity.
Objectives and Activities
Charitable purposes
Our purposes, as recorded in our constitution are to provide the advancement of public participation in football within Kilwinning & Surrounding areas providing opportunities for all to take part in structured training and games no matter ability or background. The organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the activities are primarily intended including football, fitness and movement.
Activities
Throughout the year we have continued to operate a quantity of football teams for boys/girls and adults. Ranging from 1 years to adult. We currently operate 16 male teams and 4 female teams including our “KFA Kickers” for children aged 1-3 years. For the 6th year running we have formed a new team from our kickers sessions with KFA Youth 2020.
2
KILWINNING COMMUNITY FOOTBALL ACADEMY
TRUSTEES’ REPORT
FOR THE YEAR ENDED 1 OCTOBER 2024
Achievements and Performance
Continuing to recruit new players and increase participation and in particular with our female football section.
Having over 80 attendees at our KFA Kickers session on a Saturday morning.
We will continue to identify further development opportunities and explore future funding to identify a suitable new building at our football facility to operate as a community hub.
Financial Review
Financial results
Income for the year was £97,264 (2023: £139,062). Expenditure in the year was £133,263 (2023: £125,493). At 1 October 2024, total funds of the charity are £312,638. £269,767 of these funds represent the fixed assets of the charity and £42,871 represent the unrestricted cash reserves.
Trustees’ remuneration and expenses
The Trustees received no remuneration for their services.
Reserves Policy
The association is aware that requirement to hold reserves is beneficial to the security of the charity. The Trustees consider the reserves at 1 October 2024 are adequate, but will endeavour to increase our reserves over the coming financial year through fundraising, subscriptions and gift aid donations.
Major risks facing the charity
Kilwinning FA are not dependent on funding for continual operation. Depreciation of the pitch and subsequent replacement is the largest risk associated with operation of Kilwinning FA and this has been addressed by the board with the implementation of our 10 year replacement plan.
Plans for future periods
Kilwinning FA will continue with our community work and thereafter formulate a new team each year to ensure we have complete footballing pathway. Continual development of our facility is at the forefront of our minds with potential of building extension to provide better benefit to the community.
Approved by the Trustees and signed on their behalf
3
KILWINNING COMMUNITY FOOTBALL ACADEMY
1 OCTOBER 2024
Independent Examiner’s Report to the Trustees of Kilwinning Community Football Academy
I report on the accounts of Kilwinning Community Football Academy for the year ended 1 October 2024 which comprise the Statement of Financial Activities, the Balance Sheet, and the related notes.
Respective responsibilities of Governors and Examiner
The Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 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.
Basis of Independent Examiner’s report
My examination was carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 a 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 view given by the accounts
Independent Examiner’s statement
In the course of my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Regulations
-
have not been met; or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
EA Independent Ltd 5 South Charlotte Street Edinburgh EH2 4AN 24 June 2025
4
KILWINNING COMMUNITY FOOTBALL ACADEMY
STATEMENT OF FINANCIAL ACTVITIES
FOR THE YEAR ENDED 1 OCTOBER 2024
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | Total | Total | ||
| 2024 | 2024 | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Grants and donations | 4 | 16,562 | - | 16,562 | 60,277 |
| Charitable activities | 5 | 80,702 | - | 80,702 | 78,785 |
| ─────── | ─────── | ────── | ────── | ||
| Total income | 97,264 | - | 97,264 | 139,062 | |
| ─────── | ─────── | ────── | ────── | ||
| Expenditure on: | |||||
| Charitable activities | 6 | 127,227 | 6,036 | 133,263 | 125,493 |
| ─────── | ─────── | ────── | ────── | ||
| Total expenditure | 127,227 | 6,036 | 133,263 | 125,493 | |
| ─────── | ─────── | ────── | ────── | ||
| Net movement in funds | (29,963) | (6,036) | (35,999) | 13,569 | |
| Transfers between funds | - | - | - | - | |
| ─────── | ─────── | ────── | ────── | ||
| Net result after transfer | (29,963) | (6,036) | (35,999) | 13,569 | |
| Reconciliation of funds: | |||||
| Opening fund balances | 342,601 | 6,036 | 348,637 | 335,068 | |
| ─────── | ─────── | ────── | ────── | ||
| Closing fund balances | 312,638 | - | 312,638 | 348,637 | |
| ═══════ | ═══════ | ══════ | ══════ |
The results for the year derive from continuing activities. There are no other gains/(losses) to report.
The notes on pages 7 to 13 form part of these financial statements
5
KILWINNING COMMUNITY FOOTBALL ACADEMY
BALANCE SHEET
AS AT 1 OCTOBER 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 10 | 269,767 | 294,096 | ||
| Current assets | |||||
| Cash at bank and in hand | 43,271 | 54,941 | |||
| Creditors: Amounts falling due within one year |
11 | (400) | (400) | ||
| ────── | ────── | ||||
| Net current assets | 42,871 | 54,541 | |||
| ────── | ────── | ||||
| Net assets | 312,638 | 348,637 | |||
| ══════ | ══════ | ||||
| Income funds | |||||
| Unrestricted funds | 12 | 42,871 | 48,505 | ||
| Unrestricted fixed asset funds | 12 | 269,767 | 294,096 | ||
| Restricted funds | 12 | - | 6,036 | ||
| ────── | ────── | ||||
| Total Charity Funds | 312,638 | 348,637 | |||
| ══════ | ══════ |
Approved by the Trustees and authorised for issue
The notes on pages 7 to 13 form part of these financial statements
6
KILWINNING COMMUNITY FOOTBALL ACADEMY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 1 OCTOBER 2024
1 ACCOUNTING POLICIES
1.1 General Information
Kilwinning Community Football Academy (the SCIO) is a Scottish Charitable Incorporated Organisation registered with the Office of the Scottish Charity Regulator (OSCR) with registration number SC048379.
1.2 Basis of Preparation
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
Kilwinning Community Football Academy meets the definition of a public benefit entity under FRS 102.
These financial statements are presented in Pounds Sterling (GBP) as that is the currency in which the charity’s transactions are denominated.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires trustees to exercise their judgement in the process of applying the accounting policies. Use of available information and application of judgement are inherent in the formation of estimates. Actual outcomes in the future could differ from such estimates. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in note 2.
The trustees have adopted the exemption from preparing a statement of cash flows as afforded to small entities by FRS 102.
1.3 Going Concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the SCIO has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
7
KILWINNING COMMUNITY FOOTBALL ACADEMY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 1 OCTOBER 2024
1 ACCOUNTING POLICIES (continued)
1.4 Recognition and Allocation of Income
All income is included in the Statement of Financial Activities when the charity is entitled to the income, receipt is probable, and the amount can be measured reliably, specifically:
- Grants and donations are recognised when receivable. Where there are performance related conditions attached to any grants and donations, income is recognised when the conditions have been met or when meeting the conditions are within the charity’s control and there is sufficient evidence that they have been met or will be met, otherwise they are deferred. Where a grant condition allows for the recovery of any unexpended grant, a liability is recognised when repayment becomes probable.
1.5 Recognition and Allocation of Expenditure
Expenditure is recognised when the charity has entered into a legal or constructive obligation, has been accounted for on an accruals basis and has been classified under relevant headings.
The charity is not registered for VAT, and accordingly expenditure is shown gross of irrecoverable VAT. Resources are expended as:
-
Charitable expenditure is incurred in the delivery of its activities and includes support costs.
-
Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
1.6 Fixed assets
Assets which the charity will controls to use in its operations when the value can be measured reliably and is over £500.
Tangible fixed assets are stated at cost less depreciation.
The carrying value of the Pavilion and pitch has transferred under a Community Asset Transfer from North Ayrshire Council is that deemed in the transfer documentation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
-
3G pitch, floodlights and other plant – 10 years
-
Other equipment – 5 years
1.7 Taxation
Kilwinning Community Football Academy is accepted by HMRC as a charity under section 521 to 563, Income Tax Act 2007, and accordingly no provision is required for taxation surpluses.
8
KILWINNING COMMUNITY FOOTBALL ACADEMY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 1 OCTOBER 2024
1 ACCOUNTING POLICIES (continued)
1.8 Funds
The general funds are unrestricted and administered on a discretionary basis under the direction of the Trustees, and in line with the objects of the charity. Any funding given to the charity for specific purposes, is held as a restricted fund.
1.9 Financial Assets and Financial Liabilities
Financial instruments are recognised in the Statement of Financial Activities when the charity becomes a party to the contractual provisions of the instrument. Financial instruments are initially measured at transaction price. Subsequent to initial recognition they are accounted for as set out below.
The charity only enters into basic financial instruments. At the end of each reporting period basic financial instruments are measured at amortised cost using the effective interest rate method.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire, or when the charity has transferred substantially all the risks and rewards of ownership. Financial liabilities are derecognised only once the liability has been extinguished through discharge, cancellation or expiry.
1.10 Cash and Cash Equivalents
Cash and cash equivalents are represented by cash in hand, deposits with financial institutions and other short-term liquid investments with original maturities of three months or less.
2 CRITICAL JUDGEMENTS AND ESTIMATES
The preparation of financial statements in compliance with the Charities SORP (FRS 102) requires the use of certain critical accounting estimates. It also requires the Trustees to exercise judgement in applying the charity's accounting policies.
The Trustees do not consider there to be any material accounting judgement required in preparing these accounts. The Trustees are satisfied that accounting policies are appropriate and applied consistently.
9
KILWINNING COMMUNITY FOOTBALL ACADEMY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 1 OCTOBER 2024
3 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITES
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| Funds | Funds | Funds | |||
| 2023 | 2023 | 2023 | |||
| £ | £ | £ | |||
| Income from: | |||||
| Donations and legacies | 35,935 | 24,342 | 60,277 | ||
| Charitable activities | 78,785 | - | 78,785 | ||
| ─────── | ─────── | ────── | |||
| 114,720 | 24,342 | 139,062 | |||
| Expenditure on: | |||||
| Charitable activities | 124,093 | 1,400 | 125,493 | ||
| ─────── | ─────── | ────── | |||
| Net movement in funds: | (9,373) | 22,942 | 13,569 | ||
| Transfers between funds | 16,906 | (16,906) | - | ||
| ─────── | ─────── | ────── | |||
| Net result after transfer | 7,533 | 6,036 | 13,569 | ||
| Reconciliation of funds: | |||||
| Opening fund balances | 335,068 | - | 335,068 | ||
| ─────── | ────── | ────── | |||
| Closing fund balances | 342,601 | 6,036 | 348,637 | ||
| ═══════ | ══════ | ══════ | |||
| 4 | GRANTS AND DONATIONS | ||||
| 2024 | 2024 | 2024 | 2023 | ||
| Unrestricted | Restricted | Total | Total | ||
| £ | £ | £ | £ | ||
| North Ayrshire Council - | |||||
| development | - | - | - | 24,342 | |
| Garfield Weston | - | - | - | 10,000 | |
| Arran CVS: community funding | - | - | - | 8,752 | |
| Other donations under £5,000 | 16,562 | - | 16,562 | 17,183 | |
| ───── | ───── | ───── | ───── | ||
| 16,562 | - | 16,562 | 60,277 | ||
| ═════ | ═════ | ═════ | ═════ |
In 2023, grants and donations of £24,342 were restricted and £35,935 were unrestricted.
10
KILWINNING COMMUNITY FOOTBALL ACADEMY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 1 OCTOBER 2024
5 INCOME FROM CHARITABLE ACTIVITIES
| NCOME FROM CHARITABLE ACTIVITIES | ||
|---|---|---|
| 2024 | 2023 | |
| Total | Total | |
| £ | £ | |
| Players subscriptions | 57,655 | 57,855 |
| Community income | 11,240 | 9,868 |
| Facility hire | 11,324 | 5,170 |
| Cafe | - | 1,135 |
| Other (includes insurance claim in 2023) | 483 | 732 |
| ───── | ───── | |
| 80,702 | 78,785 | |
| ═════ | ═════ |
All income from charitable activities in 2024 and 2023 was unrestricted.
6 EXPENDITURE ON CHARITABLE ACTIVITIES
| 2024 | 2024 | 2024 | 2023 | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| £ | £ | £ | £ | |
| Wages | 32,810 | - | 32,810 | 32,396 |
| Volunteer expenses | 511 | - | 511 | 925 |
| Training/game lets | 4,077 | - | 4,077 | 5,670 |
| Strips/equipment | 4,250 | - | 4,250 | 3,320 |
| Referees | 5,000 | - | 5,000 | 5,543 |
| Player/team registration | 2,608 | - | 2,608 | 2,935 |
| Trophies/prize giving | 145 | - | 145 | - |
| Coach educations | 65 | - | 65 | 375 |
| Community materials | 238 | - | 238 | 2,859 |
| Clubhouse/pitch development | 17,726 | 6,036 | 23,762 | 9,001 |
| Insurance | 1,913 | - | 1,913 | 2,545 |
| Utilities | 22,204 | - | 22,204 | 19,322 |
| Refuse collection | 744 | - | 744 | 1,414 |
| Academy IT | 1,401 | - | 1,401 | 4,335 |
| Food/drink | 5,062 | - | 5,062 | 6,178 |
| Other costs | 364 | - | 364 | 2,914 |
| Depreciation | 27,709 | - | 27,709 | 25,342 |
| Governance | 400 | - | 400 | 400 |
| ───── | ───── | ───── | ───── | |
| 127,227 | 6,036 | 133,263 | 125,493 | |
| ═════ | ═════ | ═════ | ═════ |
The fee for the independent examination in 2024 was £400 (2023: £400) In 2023, £1,400 of expenditure was restricted and £124,093 was unrestricted.
11
KILWINNING COMMUNITY FOOTBALL ACADEMY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 1 OCTOBER 2024
7 EMPLOYEES
There were no employees during the year (2023: None). Wages paid were to freelance coaches.
8 TRUSTEES REMUNERATION
No remuneration or other benefits have been paid to the Trustees or any person or persons known to be connected with any of them (2023: nil).
9 RELATED PARTY TRANSACTIONS
There were no related party transactions in the year to 1 October 2024 (2023: None).
10 FIXED ASSETS
| 2024 | 2024 | 2024 | |
|---|---|---|---|
| Pitch, | |||
| pavilion & | |||
| Buildings | machinery | Total | |
| £ | £ | £ | |
| Cost or valuation | |||
| As at start of year | 62,000 | 261,126 | 323,126 |
| Additions | - | 3,380 | 3,380 |
| ───── | ───── | ───── | |
| As at end of year | 62,000 | 264,506 | 326,506 |
| ───── | ───── | ───── | |
| Depreciation | |||
| As at start of year | - | 29,030 | 29,030 |
| Charge for year | - | 27,709 | 27,709 |
| ───── | ───── | ───── | |
| As at end of year | - | 56,739 | 56,739 |
| ───── | ───── | ───── | |
| Net book value at 1 Oct 24 | 62,000 | 207,767 | 269,767 |
| Net book value at 1 Oct 23 | 62,000 | 232,096 | 294,096 |
11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Accruals and other creditors | 400 | 400 |
| ═════ | ═════ | |
| . |
12
KILWINNING COMMUNITY FOOTBALL ACADEMY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 1 OCTOBER 2024
12 MOVEMENT OF FUNDS
| At | At | ||||
|---|---|---|---|---|---|
| 2 Oct 23 | Income | Expenditure | Transfers | 1 Oct 24 | |
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| General fund | 48,505 | 97,264 | (127,227) | 24,329 | 42,871 |
| Fixed asset fund | 294,096 | - | - | (24,329) | 269,767 |
| ───── | ────── | ────── | ────── | ────── | |
| 342,601 | 97,264 | (127,227) | - | 312,638 | |
| ───── | ────── | ────── | ────── | ────── | |
| Restricted Funds | |||||
| Development funding | 6,036 | - | (6,036) | - | - |
| ───── | ────── | ────── | ────── | ────── | |
| 6,036 | - | (6,036) | - | - | |
| ───── | ────── | ────── | ────── | ────── | |
| Total Funds | 348,637 | 97,264 | (133,263) | - | 312,638 |
| ═════ | ══════ | ══════ | ══════ | ══════ | |
| Movements in funds | – comparative figures | ||||
| At | At | ||||
| 2 Oct 22 | Income | Expenditure | Transfers | 1 Oct 23 | |
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| General fund | 39,422 | 114,720 | (124,093) | 18,456 | 48,505 |
| Fixed asset fund | 295,646 | - | - | (1,550) | 294,096 |
| ───── | ────── | ────── | ────── | ────── | |
| 335,068 | 114,720 | (124,093) | 16,906 | 342,601 | |
| ───── | ────── | ────── | ────── | ────── | |
| Restricted Funds | |||||
| Development funding | - | 24,342 | (1,400) | (16,906) | 6,036 |
| ───── | ────── | ────── | ────── | ────── | |
| - | 24,342 | (1,400) | (16,906) | 6,036 | |
| ───── | ────── | ────── | ────── | ────── | |
| Total Funds | 335,068 | 139,062 | (125,493) | - | 348,637 |
| ═════ | ══════ | ══════ | ══════ | ══════ |
Notes:
-
General funds are unrestricted to further the charitable objects under trustees’ direction.
-
Fixed asset fund represents the value of the assets used to conduct the operation of the charity, comprising the pitch and pavilion transferred under a Community Asset transfer and the development of the facility, together with other equipment to run activities.
-
Restricted funds represent funding from North Ayrshire Council under their Place Based Investment Programme, to develop the facility. This has been fully spent in the year.
Transfers: Transfers between funds represent the purchase, development and depreciation of fixed assets that are used to carry out the activities of the charity.
13