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← Hillfoots Hub SCIO

2025-06-30-accounts

Trustee’s Annual Report & Financial Statements For the period ending 30" June 2025

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O SC R RegisteredScio
Scottishcottish CharityCharity RegulRegulator
www.oscr.org.uk $C0491 09
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Peter Hall Finance & Accounting Solutions Certified Public Accountants UK 10227712A

Report and Financial Statements

FOR THE YEAR ENDED 30" June 2025

CONTENTS:

1. Title pages Pages 1-2
2. Trustee’s report Pages 3-5
3. Independent Examiner’s report Page 6
4. Statementoffinancial activities Pages 7-10
5. Other Page 11

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HillfootsHub SClIO

TRUSTEE’S ANNUAL REPORT

The Trustees have pleasure in presenting their report for the financial year ending 30 June 2025

REFERENCE AND ADMINISTRATION DETAILS

Charity Name : Hillfoots Hub SCIO Charity Number (OSCR) : SC049109 Charity Tax No. (HMRC) : STO3701 Principal Address > “Oakmill”. Lower Mill Street, Tillicoultry FK13 6BP Constitutional form : SCIO (Scottish Charitable Incorporated Organisation) Constitutional form date > 8!" March 2019 Accounting reference date > 30 June — ee Bankers : Co-Operative Bank plc.

Senior Staff member responsible

for day-to-day management of the charity: Edward Inglis

The charity has income below £250,000, and as such is eligible to prepare its accounts on a “Receipts and Payments” Basis. The governing document does not require the charity to prepare fully accrued accounts and neither does it require an audit. The accounts have been prepared in accordance with SORP 2015 issued by the Office of the Scottish Charity Regulator in its role as a SORP making body, recognised by the Financial Reporting Council.

STRUCTURE, GOVERNANCE, MANAGEMENT

Governing document: “Hillfoots Hub SCIO” is registered with the “Office of Scottish Charity Regulator” as a SCIO. “Hillfoots Hub SCIO” is administered in accordance with the terms of its constitution.

Organisational structure and decision-making process: The Trustees are the managerial arm of the charity. They meet regularly and make decisions for and on behalf of “Hillfoots Hub SCIO”. Major decisions of a managerial and financial nature are minuted. The Charity has a two-tier structure.

How trustees are appointed and recruited: Appointment and removal is in accordance with the Constitution section 59-62.

Risk Management: It is considered by the Trustees that there is no foreseeable risk where the charity is exposed.

Affiliations and connections: None.

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OBJECTIVES AND ACTIVITIES

The Purpose of the charity as set out in the governing document: The purpose of the charity is;

Volunteers:

“Hillfoots Hub SCIO” would like to thank the volunteers for their invaluable help.

ACHIEVEMENTS AND PERFORMANCE

The Charity has been registered at the Office of the Scottish Regulator since the 8'" March 2019. The Trustees have met with local members of both the Scottish Government and the UK Government. All members of parliament has expressed support for the project. The Trustees have also met with local councillors who are also supportive. The Trustees would like to thank all who are supporting this initiative for the local community. There has been no financial activity during the year.

FINANCIAL REVIEW

There was no financial activity during the financial year.

The balance of the bank account was £865.

There are no Official grant funding applications at the time of writing this report, however, there are plans to begin grant applications to help fund the project.

The financial effect of significant events: None

Investment policy & objectives set: Should funds be available, the Trustees will seek financial advice.

Charity’s policy on reserves: The Trustees ensure that the balance of the bank account stay in credit. This will be the policy until the Charity receives further donations. The Trustees will review the Reserves policy at that time.

Going Concern: As at the date of approval of this report, and the financial accounts, the Trustees have assessed that there is no uncertainty about the Charity’s ability to continue as a going concern. The Trustees believe that the charity can continue to operate as an organisation for the next financial period.

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FUTURE PLANS

Plans for future periods:

To develop a Community Hub that can offer a focus for sporting excellence for the current local sports clubs; establish an Outdoor Hub to exploit the Hub’s close proximity to the Ochil Hills and River Devon; and as a Tourist Hub, to act as the Wee County’s focal point for tourism. While we accept that the project falls within the devolved matters of tourism, sport and heritage, it is felt that given proper investment the Hub would offer a significant contribution to the internationalisation of the County, through making the Hub a tourist destination in its own right, this would help economically transform the Hillfoots villages in particular, but also be of wider benefit to the whole County.

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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

REPORT TO THE TRUSTEES OF “HILLFOOTS HUB SCIO”

Scottish Registered Charity SC048112

| report on the accounts of the charity for the year ended 30" June 2025 which are set out on pages7 to 10.

Respective responsibilities of Trustees and Auditors

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.

Basis of Independent Examiner’s statement

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, | do not express an audit opinion on 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

  2. to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Certified Public Accountant UK. 10227712A Peter Hall Finance & Accounting Solutions of Tillicoultry, Clackmannanshire. FK13 6DR

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Hillfoots Hub SCIO

Receipts & Payments 12 months to 30* June 2025

Receipts & Payments
12 months to 30* June 2025
Scottish Registered CharitySCO49109
Unrestricted Restricted Total 2024 Note
funds funds funds
2024
£ £ £ £ £
Income from:
Donations & Legacies 0 O O 1
Charitable Activities
Other Trading Activities
Investments
Other
Total @) @) @)
Expenditure on:
Raising Funds
Charitable Activities 2
Other
Total @) @)
Net Income/(expenditure) 0 6) O 3
Transfers between funds
Reconciliation offunds
Total funds bought forward 865 865 865
Total funds carried forward 865 865 865 4,5
Notes to the Statement of Financial Activities 2025 Note
Income & Endowments
Income from Donations & Legacies
General donations Nil 1
Charitable Activities —
Expenditure
Expenditure on Charitable Activities Nil
All costs to further charity's aims
See Receipts & Payments for details
Reconciliation offunds
Bank—Co-opBank 865 4

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Hillfoots Hub SCIO

12 months to 30'* June 2024

Scottish Registered Charity SCO49109

BALANCE SHEET

2025 2024
£ £
CURRENT ASSETS
Co-operative Bank plc 865 865
865 865 4
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS 865 865
TOTAL ASSETS LESS CURRENT LIABILITIES 865 865
NET ASSETS 865 865
FUNDS
Unrestricted 865 865 5
Restricted
TOTALFUNDS 865 865

The financial statements were approved by the Board of Trustees on 3'4 December 2024 and were signed on its behalf by:

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Hillfoots Hub SCIO

Funds Statements

12 months to 30‘ June 2025

Scottish Registered Charity SCO49109

FUNDS STATEMENT

Unrestricted Restricted 2025 2024
Current Assets 865 865 865
Current liabilities
865 865 865 4,5
MOVEMENT IN FUNDS
Asat Net Movtin Tfr’s 30/6/2025
1/7/2024 funds
Unrestricted Funds
General Fund 865 O 865 4
Restricted Funds
865 O 865
Totalfunds 865 (@) 865 5

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Prior| |3.|Statement|of Balances|funds|funds|Total|Period| |Cash|&|Bank|balances|at|start|865|865|865| |Surplus/(deficit)|shown|O|0|O| |Cash|&|Bank|balances|at|end|of the| |year —|31%|June|2025|865|865|865|

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hillfoots-hub.com End of report

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