## **Lasswade Athletics Club** # **OFFICE BEARERS’ REPORT AND UNAUDITED ACCOUNTS** **FOR THE PERIOD ENDED 31 DECEMBER 2024** Lasswade Athletics Club 62 Bairds Way Bonnyrigg EH19 3NT Scottish Charity No. SC049101 The advancement of public participation in athletics as a sport P a g e 1 | 11 **Lasswade Athletics Club** ## **LEGAL AND ADMINISTRATIVE INFORMATION** OFFICE BEARERS Chair and Trustee Treasurer (From Aug 2024) Treasurer and Trustee (Retired Aug 2024) Secretary Welfare Officer Trustee (Retired Aug 2024) Trustee (Retired Aug 2024) Trustee Trustee (From Aug 2024) CHARITY NUMBER SCO49101 PRINCIPAL ADDRESS 62 Bairds Way Bonnyrigg EH19 3NT INDEPENDENT EXAMINER BANKERS Bank of Scotland Dalkeith Branch PO Box 1000 BX2 1LB P a g e 2 | 11 **Lasswade Athletics Club** ## **CONTENTS** ||page| |---|---| |Office Bearers’ Report|4-6| |Independent Examiners’ Report|7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the Accounts|10-12| P a g e 3 | 11 **Lasswade Athletics Club** ## **OFFICE BEARER’S REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024** The Office Bearers present their report and accounts for the period ended 31st December 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s constitution, applicable law and the requirements of the Statement of Recommended Practice, “Accounting and Reporting by Charities” issued in March 2005. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Constitution** Lasswade Athletics Club (the Club) is a Scottish Charitable Incorporated Organisation (SCIO). It was registered in its current legal form on 6[th] March 2019. The Club was previously an unincorporated association but changed its legal status to a SCIO. The assets of the unincorporated association were transferred to the SCIO on 27th March 2019 following agreement at the annual general meeting of the Club. ## **Appointment of Trustees** Members can elect trustees at the Club’s Annual General Meeting. All trustees must not be disqualified from being a charity trustee and not an employee of the club. Trustees are elected for a period of 1 year but are eligible for re-election. There must be a minimum of 3 and a maximum of 8 trustees. ## **Management** The activities, strategic development and finances of the Club are overseen by a Board of trustees and Committee members who meet periodically to consider the Club development plan, financial position, and any other material issues. ## **OBJECTIVES AND ACTIVITIES** ## **Charitable Purposes** The Club is a non-profit distributing charity whose principal objectives are: - (a) The advancement of public participation in Athletics as a sport. - (b) To provide recreational facilities and/or organise recreational activities, available to members of the public at large, with the object of improving the conditions of life; In furtherance of the above, the club shall: - (i) Promote and encourage individuals towards accreditation for coaching and the role of competition officials. - (ii) Offer all members of the community the opportunity to take part in keep-fit and athletic activities, wither for leisure or at a competitive level and where it is complementary to school and youth organisation activities and encourage family participation. - (iii) Motivate people towards greater individual excellence and encourage a spirit of fair competition, thus the better to equip themselves to develop their personal resource of mind, body and spirit as a mature, creative and responsible member of their communities. P a g e 4 | 11 Lasswade Athletics Club Lasswade Athletlcs Club ACllVITIES Lassw&Je Athleti(s Club, based at Da*eith Communty Campus, provides a)achlro and Com0￿ opw¥tunlUes in athletics members of the community aged 8 aTrJ a￿Ve. Training takes pke a week and covers all dI￿lp11r￿s, Sup￿rtiN4 over 100 children and adults with a structured prc¥Jramme of itmdivvjua arKI team C(￿0.b.0rs throughout the yw-from rr￿ets to natKthl clk2mpi)r6hip& The club also delivers oFpNtunities for competh'on by organtsiNJ annual cross county events a lO￿nile road w, whith ￿t[CoMe bjth members arrfl guest partiupants. Th￿e events mt onty enhance cOM￿'￿'ve exper￿￿ but akn raise valuable fil￿15 for the dub. Lasswade's volunteers are key to the club's In p3rtr*rshlp *ti£bve MwJk)thian, they help ddi4er I￿1 th e￿nts, induding ￿ Primary Cross Country ￿aMpKInshIpS aThJ the Primary Hwjh SdK￿l Athktics Champion5hip5 in Summer. The volunteer C￿h1￿j team is suppY>rted by a aub Cevebpment Officer. employa4 by ttish Athletics with partial funding from Lisswade AC. ACHIEVEMENTS AND PERFORMANCE 2024 saw conb"nue%l momentum from 2023, with IrKTea*l athkts parbar0ti￿l on the in (TOS5 cwnty. ￿ d1#anC￿ raThJiThJ frC￿ 60 nkns to marathm. National Cross c(￿nIry Championshlps.. Lasswale athletes earnl medals, and the Undw 15 GirÈ team w￿re￿ a tiilliant gold medal. Annual 10-Mile Road Race: Rebjmiryj for the first trme Sin￿ the pandtrnic, the evart was warmty r&eived, despite kjwer participation. Lasswade athlete5 shJ)e wth flrst place In the vmmen's race and thlrd plKe in the men. . Tr4ck Competitions.. Athletes c￿n￿ted In the Forth Val* L￿￿e, Central and la￿ League, Under SuperTeams, and the koth.th Athleb"1s Inthjy Leè ing str(ry ￿￿rt￿1paty0n and re5dts througtrK)Ut. o Under 125 Su￿rTeams rea(hed the National FUHI. ftnshirvJ 131h of 35 tean￿. o At the Ilatlanal Age Cry Champlththip5, La￿￿e ath￿teS eam& lour medals (2 gold, 2 sll¥er). In kwJue ￿0￿ce. 3rd r4Ke tn 2 rfthe Fc*th Vamey Le>Jue 4th In t1"￿$￿n 2 ¢Y the C￿traI and ScoUaThJ Athletts Le￿e The Club Championships in Septembw atts*d o¥v 80 yourwJ athletes {•gE5 8-16F-a ighl inuease frDm 2023. txlcter trffought natK)na TErth3nition when ia5swade's young female team Tmon gdd in the Natsonal Qoss Cthjnty Relay5. In a hI￿ty competitive Scottsh enduraTKe scene, thls Stan(￿￿&th￿￿nent aThJ a reftth of the the dLsb's ￿Ura￿e Co￿hN Chair 23 ￿ne 2025 Pagi. Lasswade Athletics Club Lasswade Athletics Club INDEPENDEwf EXAMINER'S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF LASSWADE ATHLEfIcs CLUB I report on the accounts of the charlty for the rEri(yJ ended 31 [￿rnber 2024 set out on p4es 7-12. RESPECTIVE RESPONSIBILnIES OF OFFICE BEARERS AND EXAMINER The tharitvs trustees are ￿$[￿&ble for Ihe preparation of the accounts in accordan￿ w((h the terms of the Charities aThJ Trustee InveslJnent1ScoUandl Att 2005 and the charib.es Accounts (Scovandl R￿Ula￿On5 2LMJ6. The charty trustees LDn5ider that the audit rquiranent cl Regulats'on 10{1) (al to Ic) of the 2006 Accounts Regulkn'ons not apply. It is my re5rK)nsitMlity to examine the aCc￿nts as required und¥ section 4411} (cl of the Att ax1 to state wlthr p3￿Cular matters have come to my attention. BASIS OF INDEPENDE1￿ EXAMINER'S sfATEMENT My examination is carried out In acctsrdan￿ with RegulatN)n 11 ol the 2006Accounts Regulauons. An exarninab"¢y) Inclu￿ a review of the acccunting records kept by the charity and 3 cornp8riso of the accounts kwnted with those fecords. It also includes consideration of any unusual item5 or disdDsure5 in the accounts and seeks explanatims from the trustees C￿rnIng any 9Jch matter5. The pr(£edures U￿ertaken do not pyovide all the ewderKe that would be required in an audiL and cJ)nsequenUy I do Th)l exp￿$5 an aLK8it opinicfi on the view gNen by the acc(ksnts. INDEPENDENT EXAMINER'S STATEMENT In the course of my examination, no matter ha5 ccvne to my attention.. l. Whlth glves me rea5cYiable L3use to ￿jieVe that in any materid the Uirem￿ts. To keep accountirKJ r￿rdS in aCcord￿te with 5￿t￿n 44111 (al of the 2005 Act and Regulats"on 4 of the 2006 Accounts Regulati(￿5 To ple￿re ￿Unts whith aco)rd wTth the accounbrg record5 and comply with Regulatr'on 8 of the 2006 Accounb"ng Reguk*"ons have not met. ri 2. To Wh￿h, in my ￿]nIOn, attenb.on Shou￿ te drawn in txder to enatAe a pro understat￿ing of the accounts to be re￿hed. Inde endent Exaniiner Pabi ¥ 611 **Lasswade Athletics Club** ## STATEMENT OF FINANCIAL ACTIVITIES **INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2024** |Notes
Note
**Income Resources from**
**Generated Funds**
Donations and grants

2
Bank Interest
3
**Income Resources from**
**Charitable Activities**
4
**Total Incoming Resources**
**Resources Expended**
Cost of generating funds:
Support Costs
6
Net Incoming Resources
Available
Charitable Activities
Athletic Events
5
Net Income / (Expenditure) for
the year / Net movements in
funds
Fund Balances at 31 Dec 2023
Fund Balances at 31 Dec 2024|Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
**£**
**£**
**£**
**£**
78
0
78
1,169
0
362
362
265| |---|---| ||78
362
440
1,434
36,550
0
36,550
24,760| ||**36,628**
**362**
**36,990**
**26,194**| ||(4,850)
0
(4,850)
(5,905)| ||31,778
362
32,140
20,289| ||(20,272)
0
(20,272)
(16,870)| ||11,507
362
11,869
3,419
21,228
34,122
55,350
51,931| ||**32,735**
**34,484**
**67,219**
**55,350**| ||| P a g e 7 | 11 Lasswade Athletics Club Lasswade Athletics Club 2024 2023 Tangibk A55ets DebtC￿5. Due wthii one io At Bank and In Har¥J 67,219 55,350 67,219 55,350 Cr&itots.' Amounts fallirvj In one year IleT CURREPIT AsseTS 67,219 55.350 Totrl Assets kn OJrrent knabilibes 67.219 55,350 Re5trirted Funds UnrestrKtyS Funds 12 34.122 21,228 32,735 fj7.219 55,350 The ￿COUnts were approved by the &xrd on 23 June 2025. 23 June 2025 Page 8111 **Lasswade Athletics Club** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## 1. **ACCOUNTING POLICIES** - 1.1 Basis of Preparation * The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with the Statement of Recommended Practice, “Accounting and Reporting by Charities” issued in March 2005. ## 1.2 Incoming Resources Income is realised when the charity becomes entitled to it. ## 1.3 Accumulated Funds Restricted funds are funds subject to specific trusts, which may be declared by the donor or with their authority. Unrestricted funds are expendable at the discretion of the Office Bearers in furtherance of its objects. The Statement of Recommended Practice requires funds raised to purchase fixed assets to be retained as a fund when the assets are purchased and to be reduced each year by an annual depreciation charge over its useful life of the assets. ## 2. **DONATIONS, GRANTS AND LEGACIES** |Grants
Donations
**Total**|Unrestricted
Funds
**£**
0
78
**78**|Restricted
Funds
**£**
0
0
**0**|**TOTAL**
**2024**
**£**
**0**
**78**
**78**|**TOTAL**
**2023**
**£**
**0**
**1,169**
**1,169**| |---|---|---|---|---| ## 3. **INVESTMENT INCOME** |Interest Receivable|Unrestricted
Funds
Designated
Funds
**TOTAL**
**2024**
**TOTAL**
**2023**
**£**
**£**
**£**
**£**

0
362
**265**
**265**| |---|---| ||P a g e9 | 11| ## **Lasswade Athletics Club** ## 4. **INCOMING RESOURCES FROM CHARITABLE ACTIVITIES** |Subscription/Membership Income
Fundraising Income
Athletic Events
Other
Total|Unrestricted
Funds
Restricted
Funds
**TOTAL**
**2024**
**TOTAL**
**2023**
**£**
**£**
**£**
**£**
26,864
0
**26,864**
**20,863**
504
5,986
3,196
0
0
0
**504**
**5,986**
**3,196**
**109**
**1,702**
**2,086**| |---|---| ||35,550
0
**36,550**
**24,760**| “Other income” includes Gift Aid £1,180 claimed for the period March 2023 to March 2024. ## 5. **TOTAL RESOURCES EXPENDED** |Costs of Generating Funds:
Charitable Activities:
Athletic Events
Other
**TOTAL**|**£**
**£**
**2024**
**2023**
17,228
15,884
3,044
986| |---|---| ||**20,272**
**16,870**| ## 6. **SUPPORT COSTS** |General Costs|**£**
**2024**
**£**
**2023**
4,850
5,905| |---|---| ## 7. **OFFICE BEARERS’** None of the Office Bearers (or any persons connected with them) received any remuneration during the year. P a g e 10 | 11 **Lasswade Athletics Club** ## 8. **EMPLOYEES** There were no employees during the year. ## 9. **TANGIBLE FIXED ASSETS** There are no tangible fixed assets. ## 10. **DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade Debtors
Accruals|**2024**
**2023**
**£**
**£**
0
0
0
0| |---|---| ||0
0| ## 11. **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade Creditors
Accruals|**2024**
**2023**
**£**
**£**
0
0
0
0| |---|---| ||0
0| ## 12. **RESTRICTED FUNDS** |Support Fund
Development Fund
Registrars of Scotland|Balance at
31 Dec
**2023**
Incoming
Resources
Resources
Expended
Balance at
31 Dec
**2024**
**£**
**£**
**£**
**£**

3,695
0
0
3,695

30,363
362
0
30,725

64
0
0
64| |---|---| ||**34,122**
**362 **
**0**
**34,484 **| P a g e 11 | 11