REGISTERED CHARITY NUMBER: SC049958
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st December 2025
for Lockerbie Squash & Racketball Club (SCIO)
Farries Kirk & McVean Dumfries Enterprise Park Heathhall Dumfries DUMFRIESSHIRE DGI1 3SJ
Lockerbie Squash & Racketball Club (SCTO)
Contents of the Financial Statements for the Year Ended 31st December 2025
==> picture [301 x 136] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Page|
|Report|of the|Trustees|1|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|2)|
|Notes|to|the|Financial|Statements|6|to|9|
|Detailed|Statement|of Financial|Activities|10|
----- End of picture text -----
Lockerbie Squash & Racketball Club (SCIO)
Report of the Trustees for the Year Ended 31st December 2025
The trustees present their report with the financial statements of the charity for the year ended 31st December 2025. 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 object of the charity is: - the advancement of public participation in sport, specifically squash and racketball. - the provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended for those in Lockerbie and the wider community.
ACHIEVEMENTS AND PERFORMANCE
The charity has received donations and grants during the year to enable it to successfully promote the sports of squash and racketball within the local community.
FINANCIAL REVIEW ;
Financial position
The charity generated unrestricted incoming resources totalling £149,800. Resources expended totalled £70,003. The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements.
Reserves policy
The charity intends to retain sufficient reserves to meet any immediate costs as they fall due.
FUTURE PLANS
The charity plans to perform the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. The recently completed Solar Project is contributing to the financial stability of the Club with ongoing reduced energy costs and the Club is also receiving payments from electricity export payments.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution and constitutes a Scottish Charitable Incorporated Organisation (SCIO).
Recruitment and appointment of new trustees
The minimum number of Charity Trustees shall be 4 and the maximum allowed shall be 7. All trustees retire at each AGM but are deemed to be re-elected unless voted out through an election process or they do not wish to be re-appointed.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number ‘ SC049958
Principal address
1 Summervale Place Annan DUMFRIESSHIRE DG12 6HH : Trustees A MacGregor Chairman N McDougall Treasurer H Earl Secretary S Crolla Independent Examiner ; Farries Kirk & McVean Dumfries Enterprise Park Heathhall Dumfries DUMFRIESSHIRE DG1 3SJ
Page 1]
Lockerbie Squash & Racketball Club (SCIO)
Report of the Trustees for the Year Ended 31st December 2025
Approved by order of the board of trustees on 17th February 2026 and signed on its behalf by:
H Earl - Trustee
Page 2
Independent Examiner's Report to the Trustees of Lockerbie Squash & Racketball Club (SCIO)
I report on the accounts for the year ended 31st December 2025 set out on pages four to nine.
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's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) 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 the independent examiner's report My examination was 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 seeking explanations from you as 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 connection with 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 to comply with Regulation 8 of the 2006 Accounts 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.
-—
Craig Paterson, BCom, CA The Institute of Chartered Accountants of Scotland Farries Kirk & McVean Dumfries Enterprise Park Heathhall Dumfries DUMFRIESSHIRE DG1 3S]
17th February 2026
Page 3
Lockerbie Squash & Racketball Club (SCIO)
Statement of Financial Activities
for the Year Ended 31st December 2025
==> picture [476 x 276] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|149,800|151,975|
|EXPENDITURE|ON|
|Charitable|activities|
|Public|participation|in|sport|3,739|500|
|Provision|of recreational|facilities|and|activities|50,694|5,214|
|Other|15,570|7,830|
|Total|,|70,003|13,544|
|NET INCOME|79,797|138,431|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|184,430|45,999|
|TOTAL FUNDS|CARRIED FORWARD|264,227|184,430|
----- End of picture text -----
The notes form part of these financial statements
Page 4
Lockerbie Squash & Racketball Club SCIO
Balance Sheet 31st December 2025
==> picture [480 x 307] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|FIXED|ASSETS|
|Tangible|assets|4|194,179|150,314|
|CURRENT|ASSETS|
|Debtors|5|166|-|
|Cash|at bank|70,682|34,916|
|70,848|34,916|
|CREDITORS|
|Amounts|falling due|within|one|year|6|(800)|(800)|
|NET CURRENT ASSETS|70,048|34,116|
|TOTAL ASSETS|LESS CURRENT|LIABILITIES|264,227|184,430|
|NET ASSETS|264,227|184,430|
|FUNDS|y|
|Unrestricted|funds|264,227|184,430|
|TOTAL FUNDS|264,227|184,430|
----- End of picture text -----
The financial statements were approved by the Board of Trustees and authorised for issue on 17th February 2026 and were signed on its behalf by:
H Earl - Trustee
The notes form part of these financial statements
Page 5
Lockerbie Squash & Racketball Club (SCIO)
Notes to the Financial Statements for the Year Ended 31st December 2025
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)’, Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Plant and machinery - 15% on reducing balance Sports equipment - 15% on reducing balance
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.
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.
- TRUSTEES' REMUNERATION AND BENEFITS
During the year, Mr H Earl received £230 for the preparation of grant paperwork and annual accounts. No payment was made for his services as a Trustee.
Trustees' expenses
During the year under review, Mr H Earl received refunds towards subsistence, equipment and courses totalling £341.
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 151,975 |
| EXPENDITURE ON | |
| Charitable activities | |
| Public participation in sport Provision ofrecreational facilities and activities |
500 5,214 |
| Other | 7,830 |
| Total | 13,544 |
Page 6
Lockerbie Squash & Racketball Club SCIO
Notes to the Financial Statements - continued for the Year Ended 31st December 2025
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
.
Unrestricted fund £
==> picture [446 x 84] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|NET INCOME|138,431|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|45,999|
|TOTAL FUNDS CARRIED|FORWARD|184,430|
----- End of picture text -----
4,
TANGIBLE FIXED ASSETS
==> picture [441 x 200] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Freehold|Plant|and|Sports|
|property|machinery|equipment|Totals|
|£|£|£|£|
|COST|
|At|Ist January 2025|105,929|50,875|1,340|158,144|
|Additions|-|59,434|-|59,434|
|At|31st December|2025|105,929|110,309|1,340|217,578|
|DEPRECIATION|
|At|Ist January|2025|-|7,630|200|7,830|
|Charge|for year|-|15,399|170|15,569|
|At|31st December|2025|-|23,029|370|23,399|
|NET|BOOK|VALUE|
|At|31st December|2025|105,929|87,280|970|194,179|
|At|31st December|2024|105,929|43,245|1,140|150,314|
----- End of picture text -----
Included in cost or valuation of land and buildings is freehold land of £46,000 (2024 - £46,000) which is not depreciated.
Land valued at £46,000 was received from Dumfries and Galloway Council in a Community Asset Transfer for the sum of £1.
The land will revert back to Dumfries and Galloway Council if the Lockerbie Squash & Racketball Club ceases to exist.
- DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
2025 2024 £ £ 166 -
Page 7
Lockerbie Squash & Racketball Club (SCIO)
Notes to the Financial Statements - continued for the Year Ended 31st December 2025
- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
==> picture [473 x 560] intentionally omitted <==
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Other|creditors|800|800|
|7.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.1.25|in|funds|31.12.25|
|,|£|£|£|
|Unrestricted|funds|
|General|fund|184,430|79,797|264,227|
|TOTAL FUNDS|184,430|79,797|264,227|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|149,800|(70,003)|79,797|
|TOTAL FUNDS|149,800|(70,003)|79,797|
|Comparatives|for|movement|in|funds|
|Net|
|movement|At|
|At|1.1.24|in|funds|31.12.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|45,999|138,431|184,430|
|TOTAL FUNDS|45,999|138,431|184,430|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|151,975|(13,544)|138,431|
|TOTAL FUNDS|151,975|(13,544)|138,431|
----- End of picture text -----
Page 8
Lockerbie Squash & Racketball Club SCIO
Notes to the Financial Statements - continued for the Year Ended 31st December 2025
7. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
==> picture [441 x 93] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|1.1.24|in|funds|31.12.25|
|sa|£|£|
|Unrestricted|funds|
|General|fund|45,999|218,228|264,227|
|TOTAL|FUNDS|45,999|218,228|264,227|
----- End of picture text -----
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
==> picture [442 x 86] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|301,775|(83,547)|218,228|
|TOTAL FUNDS|301,775|(83,547)|218,228|
----- End of picture text -----
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2025.
Page 9
Lockerbie Squash & Racketball Club (SCIO)
|
Detailed Statement of Financial Activities for the Year Ended 31st December 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations Grants Subscriptions Admissions |
22,240 106,920 2,679 6,679 |
90,957 57,700 1,300 2,018 |
| Electricity refunds | 982 | - |
| Property repairs refunds | 6,096 | - |
| Electricity exports | 4,204 | - |
| 149,800 | 151,975 | |
| Total incoming resources | 149,800 | 151,975 |
| EXPENDITURE | ||
| Charitable activities | ||
| Light and heat | 6,238 | 788 |
| Broadband | 276 | 8] |
| Repairsandrenewals Coaching and Open Day expenses |
40,778 2,528 |
3,545 240 |
| Scottish Squash membership | 221 | 221 |
| Subsistence Online payment fees |
202 - |
24 15 |
| Accountancy fee | 800 | 800 |
| SalesAgent | 220 | - |
| Insurance | 1,415 | - |
| Club merchandise | 148 | - |
| Miscellaneous | 1,375 | - |
| Cleaning | 207 | - |
| Purchase oftokens | 25 | - |
| 54,433 | 5,714 | |
| Other | ||
| Plant and machinery | 15,400 | 7,630 |
| Sports equipment | 170 | 200 |
| 15,570 | 7,830 | |
| Total resources expended | 70,003 | 13,544 |
| Netincome | 79,797 | 138,431 |
This page does not form part of the statutory financial statements
;
Page 10