REGISTERED CHARITY NUMBER: SC048709
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2024
For
Inverness Canoe Club
(Club Curach Inbhir Nis)
Inverness Canoe Club (Club Curach Inbhir Nis)
Contents of the Financial Statements
| Page | |
|---|---|
| Report of the Trustees | 1-5 |
| Examiner’s report to the Trustees | 6 |
| Statement of receipts and payments | 7 |
| Statement of balances | 8 |
| Notes to the financial statements | 9-11 |
| Detailed statement of receipts and payments | 12 |
Inverness Canoe Club (Club Curach Inbhir Nis)
Report of the Trustees for the Year Ended 31 December 2024
The Trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Club's objectives are:
(1) The advancement of public participation in paddle sports;
(2) The provision of recreational facilities and the organisation of recreational activities, with the aim of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.
Significant activities
This year has seen a varied programme of trips and training events for the sea kayaking, open canoe, white water/ river kayaking and paddleboarding. A regular well-supported programme of midweek evening paddles ran through the summer months for the sea kayaking, white-water kayaking and youth sections.
There have been regular river and sea trips with several weekend events including campsite-based trips and wild camping trips being well attended by club members. A very successful trip to Loch Scavaig staying in the Coruisk Memorial Hut also ran.
The spring introductory course was successful and covered all the paddle sports: sea kayaking, river kayaking, open canoeing and stand up paddleboarding.
The club also organised sea kayak safety and rescue courses and sea kayak leader training for future leaders with experienced coaches Jeff Allen and Doug Cooper.
The pool sessions took place from late Oct 2023 until the end of March 2024 and then resumed in November 2024. The pool sessions were not self-financing but are essential to allow introductory skills to be taught in a warm and safe environment as well as allowing members to develop more advanced skills such as rolling.
Inverness Canoe Club (Club Curach Inbhir Nis)
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The rolling programme of updating the fleet of boats resulted in the acquisition of four white water kayaks and two sit on top kayaks. New spraydecks and paddles were also purchased for use by club members especially those new to paddle sports.
The Board met monthly. A new Training & Funding Policy was created with the aim of encouraging the growth of paddle sports in the Highlands and ensuring that the club has sufficient qualified members to run trip and training activities for the membership.
Through the hard work of the Safeguarding Officer the club has acquired a number of new coaches and leaders, after going through the disclosure process, who run trips for the club for the benefit of members.
Donated Services
During the accounting period some club members provided coaching services to other members.
FINANCIAL REVIEW
Reserves policy
The charity aims to hold sufficient immediately accessible reserves to allow for prepaying coaching and residential events and to meet ongoing expenses. It is anticipated that the club will need to move to a new base with higher than otherwise necessary reserves being held for the costs which will be associated with a move.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was created by a constitution dated 18th September 2018 as a Scottish Charitable Incorporated Organisation.
Recruitment and appointment of new trustees
Trustees are appointed in accordance with the terms of the Constitution. Individuals who sign the Trustee declaration forms at the time of incorporation of the organisation shall be deemed to have been appointed by the Members as Trustees with effect from the date of incorporation of the organisation. Thereafter, at each AGM Members may elect any Member to be a Trustee to the Board of Trustees may appoint at any time a Member to be a Trustee (unless that person is disbarred from membership). The minimum number of Trustees is three and the maximum is twelve. At each AGM all of the Trustees must retire but then may be re-elected.
The Trustees are not remunerated for their services.
Inverness Canoe Club (Club Curach Inbhir Nis)
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
SC048709
Principal address Inverness Canoe Club C/o Old Navy Building Clachnaharry Road Inverness IV3 8LS
Trustees
Independent Examiner
Victoria Oddy 1 Rothes Place Inverness IV2 6FT
COMMENCEMENT OF ACTIVITIES
The Club was incorporated as a Scottish Charitable Incorporated Organisation on 18 September 2018 and took over the assets and activities of the eponymous unincorporated club with effect from 24 November 2018.
Approved by order of the board of trustees on 27 September 2025 and signed on its behalf by
Inverness Canoe Club (Club Curach Inbhir Nis)
Examiner’s Report to the Trustees of Inverness Canoe Club
I report on the accounts for the year ended 31 December 2024.
Respective responsibilities of trustees and examiner
The charity's 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 (as amended). The charity 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 is 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 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 there were no areas of concern.
Date: 28/09/2025
Inverness Canoe Club (Club Curach Inbhir Nis)
Statement of receipts and payments for the year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Unrestricted | Total funds | |
| fund | ||
| RECEIPTS | £ | £ |
| Charitable activities | 14,105 | 14,994 |
| TOTAL PAYMENTS | (17,855) | (14,931) |
| SURPLUS/(DEFICIT) FOR YEAR | (3,750) | 63 |
| TOTAL RECEIPTS | 14,105 | 14,994 |
| PAYMENTS | ||
| Charitable Activities | (15,277) | (10,473) |
| PAYMENTS RELATING TO ASSET | ||
| MOVEMENTS | ||
| Purchase of fixed assets | (2,578) | (4,458) |
Inverness Canoe Club (Club Curach Inbhir Nis)
Statement of Balances
For the year ended 31 December 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted | Total funds | ||
| fund | |||
| CASH FUNDS | £ | £ | |
| Bank balances | 28,731 | 28,667 | |
| at start of year | |||
| Surplus/(deficit) | (3,750) | 63 | |
| for year | |||
| BANK | 24,621 | 28,731 | |
| BALANCES AT | |||
| END OF YEAR | |||
| 2024 | 2024 | 2023 | |
| Cost | Current value | Current value | |
| OTHER | £ | £ | £ |
| ASSETS | |||
| Tangible fixed | 39,261 | 7,788 | 9,021 |
| assets | |||
| TOTAL OTHER | 39,261 | 7,788 | 9,021 |
| ASSETS |
Approved by order of the board of trustees on DATE and signed on its behalf by
Inverness Canoe Club (Club Curach Inbhir Nis)
Notes to the Financial Statements
1. Accounting policies
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards 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).
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
INCOME
All income is recognised in the Statement of Receipts and Payments once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income is usually received via PayPal, GoCardless or bank transfer to the charity's current bank account. The charity does not hold petty cash and in the event that cash was received, it would be deposited into the charity's current bank account.
EXPENDITURE
Liabilities are recognised as expenditure, when the payment for the expenditure is processed.
Expenditure is accounted for on a payments basis and has been classified under headings that aggregate all costs that relate to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources.
Expenditure is usually paid from the charity's current bank account. Refund of prior income is normally refunded through the same method that it was received (via PayPal, GoCardless or bank transfer). In the event that this is not possible, payment is made from the charity's current bank account. The charity does not hold petty cash and no cash payments are made.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimates useful life.
Plant and machinery
33% straight line and 20% straight line
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Accounting policies (Cont.)
Inverness Canoe Club
(Club Curach Inbhir Nis)
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. Trustees’ remuneration and benefits
Trustees received no remuneration or other benefits for the year ended 31 December 2024, nor for the year ended 31 December 2023.
Trustees’ expenses
Expenses to trustees totalled £nil (2023: £536) in respect of miscellaneous costs incurred on behalf of the charity.
3. Comparatives for the Statement of Receipts and Payments
| Unrestricted fund | |
|---|---|
| 2023 | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Charitable activities | 14,994 |
| EXPENDITURE ON | |
| Charitable activities | (14,931) |
| NET INCOME/(EXPENDITURE) | 63 |
| Total funds brought forward | 28,667 |
| TOTAL FUNDS CARRIED FORWARD | 28,731 |
4. Tangible fixed assets
| Plant and Machinery | Total | |
|---|---|---|
| £ | £ | |
| Cost | ||
| As at 1 January 2024 | 36,683 | 36,683 |
| Additions | 2,578 | 2,578 |
| As at 31 December 2024 | 39,261 | 39,261 |
| Depreciation | ||
| As at 1 January 2024 | 27,686 | 27,686 |
| Depreciation charged for | 3,787 | 3,787 |
| the year | ||
| As at 31 December 2024 | 31,473 | 31,473 |
5. Creditors: Amounts falling due within one year
There are no creditors when preparing the financial statements using the receipts and payments method.
Inverness Canoe Club (Club Curach Inbhir Nis)
6. Movement in funds
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted | |||
| funds | |||
| General fund | 14,105 | (17,855) | (3,750) |
| Total funds | 14,105 | (17,855) | (3,750) |
| Comparatives for | movement in funds | ||
| At 01.01.2023 | Net movement in | At 31.12.2023 | |
| funds | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 28,667 | 63 | 28,731 |
| Total funds | 28,667 | 63 | 28,731 |
| Comparative net movement in funds included in the above are as follows: | |||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,994 | (14,931) | 63 |
| Total funds | 14,994 | (14,931) | 63 |
7. Related party disclosures
There were no related party disclosures for the year ended 31 December 2024 (2023: nil).
Inverness Canoe Club (Club Curach Inbhir Nis)
Detailed Statement of Receipts and Payments for the Year Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Income | ||
| Membership | 5,345 | 5,770 |
| Pool sessions | 2,265 | 3,295 |
| Club run courses | 3,200 | 3,044 |
| Coached sessions | 2,275 | 155 |
| Trips | 410 | 615 |
| Smash and Bash income | - | 100 |
| Kit hire | 580 | 2,015 |
| Donations | 30 | - |
| Total income | 14,105 | 14,994 |
| Expenditure | ||
| Miscellaneous Purchases | - | (331) |
| Pool Hire | (5,388) | (4,847) |
| Courses and training | (5,501) | (2,164) |
| Trip and Open Day Costs | (390) | (300) |
| Equipment repair and purchase (P&L) | (590) | (332) |
| Competition prizes | (40) | - |
| Room & Rent Hire | (1,387) | (405) |
| Affiliations and Membership Costs | (615) | (585) |
| Coach Development | (114) | (192) |
| Website Costs | (146) | (250) |
| Subscription Fees | (476) | (574) |
| Bank charges and fees |
Inverness Canoe Club
| Inverness Canoe Club | ||
|---|---|---|
| (Club Curach Inbhir Nis) | ||
| (439) | (492) | |
| Purchase of fixed assets | (2,578) | (4,458) |
| Payment of brought forward creditors | (191) | - |
| Total expenditure | (17,855) |
(14,931) |
| Net income/(expenditure) | (3,750) | 63 |