Sc¢)ttlsh Charffy No. SC049552
Company No. SC636405
KINCARDINE COMMUNITY ASSOCIATION LIMITED
REPORT
AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST March 2024
Dlckson Mlddlelon
Chartered Accovnlar)ts
www.dlcksonmlddleton.co.uk
The UK 200 Group
PTact15ing Chartered Accountants

KINCARDINE COMMUNITY ASSOCIATION LIMITED
Contenls
Page
Report of the trustees
Indepéndenl Examiner's report
Slalemenl of Financial Activities
Balance sheet
Noles to Ihe financial stalements
8-12

KSNCARDINE COMMUNITY ASSOCIATION LIMITED
Report ol the Iwstees for the year ended 37￿ March 2024
me trustees have pleosure in presenting their annual report. which incorporates the Slralegic
Rep(xl, and the examined Financial Slalemenls lor the period ended 3151 Morch 2024. In
preparing this feport the Trustees hove complied wlh the Chariltes and Truslee Investment
(Scollandl Act 2005 and applicable accounling slondord5.
REFERENCE AND ADMINISTRAIIVE DEfAILS
Charlly Number
SC049552
Company Number
SC636405
Princlpal & Regisl¢fed Office
Kincardine Community Centre
l Anderson Place
Kincordineshire
Alloa
FK1045F
Bankers
Bank of Scotland
7113 Port Street
Slirting
FK8 2EJ
Independent Examlner
Robert Taylor CA
Dickson Middleton
Chorlered Accounlonls
20 Bomton Street
sttding
FK81NE
Trustees
The Iruslees, who are also Directors. who served from l April 2023 ore os follows..
C. Kenny
T.M Kenny
C.E O'Neill
E.M Trevett
M.J Tievett
A.D Hood
K.J.J Grahom
IResigned I st Jvly 20241
IResigned I sl October 20241
IAppoinled 26th June 20231
IAppoinled 26th October 20231

KINCARDINE COMMUNITY ASSOCIATION IIMETED
Report of the lyustees loi Ihe yeor ended 31st March 2024
(Contlnuedl
OBJECTIVES AND ACTIVITIÈS
The Company was incorporated in Jvly 2019 0$ o successor to the previous charitable
orgonisalion the Kincardine Community Associalion.
The Kincordine Community Association Ltd IKCAI is also the Developmenl Trust l(y Kincordine.
We currently manage the Community Cenlre that provides a wide range of octivilies for the
residents of Kincardine, including o Community Food Hub ond the Kincordine Kinema.
The company was formed to benefit Ihe commvnily ol Kincardine.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Govemlng Document. Board and Declslon Maklng
KCA has o Memorandum and Articles ol Association Ihol govems 115 Qperolion. The volunteer
board is comprised ol a maximum 019 volunteer member5. The Board currenlw comprise5 015
Directors and Trustees and meets 12 limes per annum. The day lo day management of the
centre 15 delegoled lo the Centre Coordinator who regulady reports directly lo the Board.
Twstee Recwllmeftt. Appolntment and Tra5nlng
KCA recnJils new Tru51eelDirectors from the residents ol Kincardine who have shown on interest
in the Community A550ClOtion. Proposals are made lo Ihe board ond appointments ore mode
lo the Trustees al on annual AGM. If there ore unlilled p05ilions members may be co-opted
onlo the Truslees. Membership ol the As50cialion 15 free and is open to oll residents ol
Kincordine.
ACHIEVEMENTS AND PERFORMANCE
We have conllnued lo dellver on the reqviremenls of the service level agreement with File
Council.
The Community Centre FX)St COVID has rebvill Its group meetings and aclivilies. and new
group5 Offering different oclivilies are now using the Centre. including Yogo. Piloles, Donce.
Bodminlon ond Table Tennis. The food hub has restorted however we hove noticed a drop off
in the availobilily o15tock from Foreshare and we are reviewing how we may improve this
siluolion. The new Kincardine Kinema has shown ils fi¥st films.
Achl•vemenls dwlng Ihe perk*d:
Conlinued lo improve our Centre and provide more flexible spoce for octivities, grovps.
sport ond exeici5e c10s5es 0$ o resource lor the community.
Continuing to review how the food hub can help more people.
Insliluled energy saving measures lo reduce our increasing energy costs.
Opened the Kincardine Kinema.

KINCARDINE COMMUNITY ASSOCIATION LIMITED
Report ol Ihe Iruslees for the year ended 31st Morch 2024
[con￿nued}
FINANCIAL REVIEW
The Trusts income in the year wos mode up of donations, grant funding and operational
income.
Grant income originated from Fite Council through our Service Level Agreement.
other grants were from Cooifields Regenerotion Trust, the CO-OP and File Council
Participatory Budget.
The expenditure over the year conslsted of operating expenses and staff costs.
At 31 March 2024 the available funds balance was £15,91712023: £25,728).
STATEMENT OF THE CHARITY'S POLICY ON RESERVES
11 is the policy of the Boord to moinlain o reserves bolance to allow the centre lo continue lo
operate in the short term in the event of an immediate reduction in funding.
FUTURE PIANS
Endeavour to keep the Communily Cenlre open
Expand the ronge ol oclivities in the Community Cenlre
Allracl more groups lo use the Cenlre
Improve the volvnleer experience
Develop and build on partnerships other groups and organisotions, such as
Coalt￿ld Regeneration Trusl. Developmenl Trust As59ciolion Scollond, Fife Volvnlory
Action, Food Resilience Group ond Grow West Fife
Negoliale a lease lor the Community Centre with File Council
Prepare o Ivll energy svrvey of the Centre to reduce costs
Prepare a plan lor pre and after school care
Widen the activities ol the Development Trust into the Kincordine commvnily
Continue lo work positively wlh File Council departments

KINCARDINe COMMUNITY ASSOCIATION LIMITED
Report ol the trustees for the year ended 31 st March 2024
(Contlnued)
TRUSTEES, RESPONSIBILITIES
The Iiuslees ore re5pon5ib1e lor pfeporing the Report ol the Trustees and the financial
51olemenls in accordance w?th applicable law and Uniled Kingdom Accounting Slondaids
Iuniled Kingdom General￿ Accepted Accovnling PTaclicel.
The law applicat4e lo charities in Scotland requires the Iruslees lo prepore finoncial slateTner)Is
lor each linanciol year thol gives o true and loir view ol the slate ol affairs of the charity and
ol the incoming resources, inc5uding the income and expenditure. of the chority for the yeor.
In preparing these financiol slolemen15. the tru5tee5 ore required lo..
Select suitable accounting polic*s and then apply them consistently;
Obserye the methods ond principles in the Charities SORP 2015 IFRS1021.'
Make judgements and eslimales that ore reasonable and prudent,.
51ate whether opplicoble UK Accounting Standards have been followed. subiecl lo
ony molerial deporlures disclosed ond explained in the financial slolemenl5;
Prepare the financial statements on a going concern basi5 unless il 15 inappropriate
lo presume Ihol the chorily will continue in operolion.
The trustees ore responsible for keeping proper occounling records that disclose with
rea50noble occvracy ot any time the financial position of the charity and enob5e them to
ensure that the financiol slalements comply wth Ihe Companies Act 2CK)6. the Chorilies ond
Trustee Investment IScotloT)dl Act 2005, the Chorilies Accounts Iscollandl Regulations 2￿6 las
omendedl ond the provisions ol the charity's conslilution. They are also responsible for
501eguarding the assets ol the chority and hence lor toking reasonable steps lor the prevention
and deleclion of fraud ond other irregularities.
Approved by the Board TnJslee5 ond signed on ils beholl by-
Mike Trevell
Trustee
20 Moich 2025

KINCARDINE COMMUNITY ASSOCIATION LIMITED
Independenl Examiner's Report to the Tiustees ol Klncardine Communlly Assoclolion LlmÉled
for the year ended 314 March 2024
I report on the accounts ol the chority lor the period ended 31 March 2024 which are sel out
on F)ages 6 to 7.
Respectlye responslbllllles ol Tnjstees and examlner
me charity's Trustees Iwho are also the directors of the company lor the purposes ot company
lawl ore responsible ICK the preparation ol the occoun15 in accordance wlh the terms of the
Chorities and Trustee Inve51menl Iscollondl Act 2005 ond the Chorilies Accounls 1Scotlandl
Regulotions 2006. The chorify Ttustees consider Ihal Ihe audit requirement ol Regulation 101 I I
Idl ol the Accounts Regulolions does not opply. It is my re5ponsibilily lo examine the linonciol
slalemenls as required undeT section 4411 I Icl ol the Acl and lo slate whether porlicular
molters hove come to my otlention.
Ja$l$ of Independenl exomlner's statpmenl
My examinalion is carried out in accofdonce with Regulation I l ol the Charities Accounts
(Scollandl Regulations 2006. An exomination include5 a review ol the accounling records kept
by the charity and a comparison ol the financial slalemenls presented in those records. 11 also
includes considerolion of any unusuol items or disclosures in the linonciol stolements and seeks
explonalion5 from the Iruslee5 conceming any such maller5. The procedures undertaken do
not provide all the ewdence that would be required in an audit and, consequenlw I do nol
expre55 an oudil opinion on the finoncial Statements.
Independent examiner's stal¢ment
In the course of my examination, no matter has come lo my oltenlion
l. which gives me reasonable couse lo believe that in any material respect the
requirements..
to keep accounting records in occordance wlh Section 44111 lal ol the 2(X)5
Act ond Regulation 4 01 the 2006 Accounts Regulolions. and
to prepare frnancial stotements which accord wth the accounting records and
compty with Regulation 9 of the 2CK)6 Account5 Regulo*ion5
have not been mel, or
2. to which, in my opinion. allenlion should be drown in order to enable a proper
vnderslarkding ol the linonciol 51olemenls lo be reoched.
I do nol. in givlng Ihis report. accept (y ossume responsibility lor any other purpose or lo any
other person to whom this reporl is shown or in whose honds It may come, 50ve where expressly
ogreed by my prior consent in WTiling.
Robert Taylor CA
Dlekson Middleton
Chartered Accounlonts
20 barnlon Street
stlillng
FK81NE
20 March 2025

KINCARDINE COMMUNITY ASSOCIATION UMIYED
Slalement ol Flnanclol Actlvllles (Includlng Income and expendlluie accounl) Ihe year
ended 31st March 2024
Note
2024
Total
Funds
2023
Totol
Funds
Unreslvlcted Iteslrfcled
Fund5
Fund5
Income..
Donations
Gronl Funding
Hub Income
Room Hire Income
other income
Tolal
1.814
36.996
1.814
36.996
6.048
6.671
369
51.898
2,129
31,387
7,056
6,114
35
46,721
6.671
369
51,898
EXPend￿Vre.
Choritable activities
Govemonce Costs
Total
(60.409)
1.300
61,7
(60.409) IS4,5881
1,300
61.709
55,768
Nel incomlng resoufces belore transfeys
(9.811)
(9.811) 19.0471
Tronsler beh¥een lunds
Net Incomlng iesovyces
(9.811)
(9.811) 19,0471
Balances brought forward at I sl April
2023
25.728
25.728
34,775
lolonces canled fonvard at 31*1 March
2024
15.917
15,917
25,728
The notes on pagv 8 to 12 lomi port of Ihese 1Snanclol stalements.

KINCARDINE COMMUNITY ASSOCIATION LIMITED
Balance shed a5 at 31# March 2024
2024
2023
Notes
Ftxed assets
Tangible fixed ossels
5.347
490
Currenl assets
Debtors
Cash ol bank ond in hond
18,466
18.466
32,556
32,556
Credllors.. arnoun15 falling due wlhin
one year
7.890
7,318
Net current assels
10.570
25,238
Net assets
15,917
25,728
Fund5
Reslricled income funds
Unreslricled funds
Totrol chortty funds
15.917
15.917
25,728
25,728
Audll exemptlon ￿alement
For the year ending 31 Morch 2024, the compony wos enlilled lo exemption from audit under
section 477 of the Companies Acl 2(K>6 relating lo small companies.
The members have not required the company lo obtain an oudil of it5 accounts for Ihe year
in queslion in accordance wlh section 476,.
The directors acknowledge their responsibilities lor complying wlh the requirements ol the Acl
wilh respect to accounting records ond Ihe preparation ol accounts.
These finoncial slolemenls have been prepared in accordance wlh the special provision5 lor
small companies under Port 15 of the Compornies Acl 2(X)6.
Approved by the Board ol Directors on 20 March 2025 and signed on ils behalf by
Mlke Trevett
Truslee
Charfty Number SC049552
Company Number SC636405
The noles on pages 8 to 12 1￿M part ol the$e Ilnan¢lol Statements.

KINCARDINE COMMUNITY ASSOCIATION UMITED
Notes lo Ihe Ilnanclal 51olemenls lor Ihe year ended 31$1 March 2024
l. Accountlng pollcles
Basis of
arolion
The linoncial statements have been prepared under the historicol cost convention with
items recognised al cost or Iransoclion volue unless othenhise slated in the relevonl notes
lo these occounls. the financial statements have been prepared in OCCOfdance with the
Slcflement of Recommended Practice.. Accounting ond Reporting by Charitie5 preparing
their accounts in occordance with the Finoncial Reporling Slandord applicable in the UK
ond Republic ol Ireland IFRS 1021 issued on 16 July 2014 and Financial Reporting Standard
applicable in the United Kingdom and Republic ol Ireland IFRS 1021 and The Charities
Accounts Iscollondl Regulotion5 2006.
Kincordine Commvnily Association Lirnited constitutes o public benefit enlify as defined
by FRS 102.
A55e
sm
in
rn
The Trustees are ot the opinion Ihal sutficienl funding is in place lo cover their planned
oclivilie5 lor 2024125.11 is the Cons￿ered opinion of the Iruslees that the charily hos in Joce
a business modd which wll enoble it to continue lo operate lor al least a period of
12 months Iiom Ihe approval dale of these linanciol slolemenls. As a resull. the going
concern basis ol accovnling has been adopted.
In
min
All incorne is recogni5ed once the chority ha5 enlillemenl to the income, it is probable thol
the income wll be received and the omounl ol income receivable can be measured
reliably.
Resources ex
ended
Expenditure is recognised once there is o legol or constfuclive obligation to transfer
economic benefit lo o third poty, it Is proboble Ihot a transfer of economic benefits will
be required in selllemenl and the amount ol the obligalion can be measured reliably.
Expenditure is classified under the followng activity heading:
Chcsrilable activities- these include the costs ol activities undertaken to Ivrther the
purposes ol the charily and Iheir ossocialed svpporl cosls.
bf
Debtors are recogni5ed ot Ihe settlement amount due.
redil
Creditors ore recognised where the chaiity hos o presenl obligotion resulting from a post
evenl that wll probobly result in the tronsler of funds to a third porty and the omount due
10 settle the obligation can be measured or estimated ¥eliably. Credil(xs are norrrKJlly
recognised at their selllemenl omounl olter allowng for ony discounts due.
rvic
Donated goods and services are recognised as income when the charity has control over
the item, ony conditions o5$0cioled wlh the donated item have been met, the ieceipl ol
economic benelil from the Use by the charily ol Ihe item is probable and that economic
benelil con be measured reliably.
On receipt. donated goods and services are recognised on the bas￿ ol the value ol the
gill lo the charity which 15 the amount Ihe chority would have been willing to poy lo obtoin
the service5 on the open markel, a cotTesponding amount is then recogni5ed in
expenditure in the period of the receipt.

KINCARDINE COMMUNITY ASSOCIATION LIMITED
Notes lo the ffinanclal stolements loi the year ended 31$t Morch 2024
(contlnued)
l. Accounting Fx>licies (continued)
Fin
lin
nl
The chorily only has linoncial asse15 and financial 5iabililies ol a kind Ihot qualify os bastc
financial inslrumenls. Basic finoncial inslrvmenls OTe iniliolly recognised ol transaction
value and subsequently remeasured al their settlement value.
General funds ore unreslrlcled funds which ore available for use ot the discretion of the
Truslees in furtherance ol the general ot4ective5 01 the charity ond w*ich have not been
designaled lor other purposes.
2. Donollon$
Unreslrlcted Reslrlcted
Funds
Funds
2024
Tolal
2023
Tolal
Donollon$
Other Donations
1,814
1.814
1,814
1.814
2,129
2.129
Grants Re¢elYed
Uniestrlcled
Funds
Reslrfded
Funds
2024
Tolal
2023
Total
rile Covncil
File Council PA YAB
Others < £l.O(YJ
36.406
36.406
30,662
173
552
31,387
590
36,990
590
36.996

KINCARDINE COMMUNITY ASSOCIATION UMITED
Nole5 to the Ilnanclal 5talemenls for the year ended 31 st March 2024
(contlnved)
Analysis of expendlture
Unre511icted
Funds
Reslricted
Funds
2024
Tolal
2023
Total
Chailloble AcNvMes
Insurance
ghl. power ond heoling
Ollice costs
Materials
Repairs ond moinlenance
Salaries
Telephone ond inlemet
Slofl/Truslee expenses
Depreciolion
Qlher Cost5
505
12,337
1.297
6.286
1.150
35,066
653
150
1,837
1.128
505
12.337
1.297
6.286
1.150
35.066
6S3
150
1.837
1.128
713
11,734
2.154
3,188
34.518
522
23
163
1,573
6Q.409
60.409
54,588
Govemance Cosls
Independent examiner
1,300
1.300
1.180
Wo9es and Solorles
A summory of the woges cos15 for the charity's employees is shown below.. -
2024
2023
Aggregate gross wages and salaries paid lo employees
35.066
34.518
Number ol Employge$
The average number ol employees during the period was 312023.. 31.
No employee received remunerolion in excess of £60.0W.
10

KINCARDINE COMMUNITY ASSOCIAIION LIMITED
Notes to Ihe flnanclal statements lor Ihe perfod ended 3151 March 2024
(Continued)
6. fanglble Fixed Assets
Plont ond
Equlpment
Cosl
At April 2023
Additions
At 31st March 2024
653
6,694
7,347
653
6,694
7,347
DepTecktllon
Al 151 April 2023
Charge for y8or
Al 315, March 2024
163
1.837
163
1,837
Nel book Value
Af 31 ￿ March 2024
5.347
5,347
At 31 $1 Morch 2023
490
490
Debtors
2024
2023
Grants Receivable
8. Credltofs- amounts lalling due wllhln one year
2024
2023
Accruols
Other Credilors
6.620
1270
7.896
4,664
2,654
7.318
g. Fund Reconc4lallon
Al 14 AprH
2023
At31
March
2024
Income Expendtture
Transfer
Unreslrfcted Ivnds
General funds
25.728
51.898
161.7091
15,917
25,728
51,898
161,7091
15,917
Restrfcled funds
Othèr grants
25.728
51.898
161,7091
15,917

KINCARDINE COMMUNITY ASSOCIAIION LIMITED
Notes lo the ffnanclal stotemenls lor Ihe perfod ended 37￿ March 2024
(contlnued)
io.
Analysls ol nel assets behveen lunds
2024
Total
Funds
2023
Total
Funds
Reslvlcled Unreslvlcled
Flxed assets
Current assets
Debtors
Cosh ot bonk ond in hond
5.347
5.347
490
18,466
18.466
7.896
18.466
18,466
7.896
32,556
32.556
7,318
Cwrent Ilabllllle$
Net cuirent assets
10.570
10.570
25.238
Nel Assets
Fvnds
15.917
75.917
25.728
12