## **Inverkeithing Hillfield Swifts Community Club**
Scottish Charity No: SC050231
# **Annual Report & Financial Statements For the year to 31 July 2024**
## **Inverkeithing Hillfield Swifts Community Club**
## **Trustees’ Annual Report**
For the year to 31 July 2024
## **Annual Report & Statement of Account**
For the year to 31 July 2024
|
**Contents**|**Page**|
|---|---|
|Trustees’ Annual Report|3 - 6|
|Independent Examiner’s Report|7|
|Statement of Receipts and Payments|8|
|Statement of Balances|9|
|Notes to the Accounts
|10–11|
2
## **Inverkeithing Hillfield Swifts Community Club**
## **Trustees’ Annual Report**
For the year to 31 July 2024
The charity trustees present their report together with the financial statements and the Independent Examiner's report for the year to 31 July 2024
## **Reference & Administrative Information**
**Charity Name:**
Inverkeithing Hillfield Swifts Community Club
**Charity Number:**
## **Principal Address:**
## **Trustees:**
SC050231
Following the end of the reporting period but prior to the signing of the accounts, on 22 April 2025, resigned as Chairman and Trustee.
**Independent Examiner:**
3
## **Inverkeithing Hillfield Swifts Community Club**
## **Trustees’ Annual Report**
For the year to 31 July 2024
## **Structure, Governance & Management**
The charity is a Scottish Charitable Incorporated Organisation (SCIO) established in June 2020 and governed by its constitution. On the 31 December 2020 the charity took over the assets and liabilities of Inverkeithing Hillfield Swifts Football Club which was subsequently wound up.
The structure of the charity consists of:
- Members - who have the right to attend members' meetings (including any annual general meeting) and have important powers under the constitution; in particular, the members appoint people to serve on the board and take decisions on changes to the constitution itself;
- The Board - who hold regular meetings, and generally control the activities of the organisation; for example, the board is responsible for monitoring and controlling the financial position of the organisation. The members of the board are charity trustees.
The Board consists of up to 10 and no less than 5 charity trustees elected at the AGM or appointed by the Board to fill causal vacancies. Up to 2 can be non member charity trustees co-opted by the board.
## **Inverkeithing Hillfield Swifts Community Club: Fostering Football and Community Wellbeing**
Inverkeithing Hillfield Swifts Community Club is deeply committed to promoting football within the local community, delivering inclusive opportunities for all ages and abilities in a safe and supportive environment. The club’s purpose -driven approach centres on four core areas:
## **Core Purposes**
1. **Football Provision** – Offering accessible football opportunities for individuals of all ages and genders.
2. **Financial Transparency** – Ensuring all income is reinvested solely into football-related initiatives.
3. **Player Development** – Supporting and enhancing the growth of players at every level.
4. **Community Engagement** – Advancing public health and social wellbeing through active participation in sport.
4
## **Inverkeithing Hillfield Swifts Community Club**
## **Trustees’ Annual Report**
For year to 31 July 2024
## **Key Activities**
The club delivers a comprehensive range of programmes to meet the diverse needs of its members and the wider community:
- **Mini-Kickers** (Ages 18 months – 4 years): Introducing toddlers to football through fun, engaging sessions.
- **Fun Fours** (Ages 5 – 7): Developing basic skills through small-sided games.
- **Team Football** (Ages 7 – Adult): Providing a full development pathway from grassroots to senior competitive teams, including the Premier Division of the East of Scotland Football League.
- **Girls’ Football** : Promoting female participation through both recreational and team-based activities.
- **Over 35s Football** : Supporting older players with competitive and social football opportunities.
- **Walking Football** : Encouraging individuals aged 50+ to stay active in a relaxed, sociable setting.
- • **Holiday Programmes** : Offering engaging football camps during school holidays for young people across Fife.
All programmes contribute towards achieving Scottish Government physical activity targets, encouraging healthy lifestyles and community connection.
## **Notable Achievements**
- **Legacy Club Recognition** : Awarded the _SFA Legacy Quality Mark_ , highlighting its commitment to excellence in coaching, facilities, and inclusive practice.
- **Effective Governance** : A dedicated board ensures alignment with the club’s vision and values, maintaining high standards of leadership and accountability.
- **Ongoing Development** : Investment in coaching education and leadership opportunities for older players, including access to referee and coaching qualifications.
## **In Summary**
Inverkeithing Hillfield Swifts Community Club stands as a beacon of community sport, enriching lives through football. With a strong focus on inclusion, development, and wellbeing, the club continues to play a pivotal role in nurturing both athletic potential and community spirit throughout Fife.
5
nverKeitning Hillfield Swifts Community Club
Trustees, Annual Report
For vear to 31 JU 20".
inancial Review
With income of £238.754 and expendtture of £217,977 for the year the club had a surplus 01 £20.777.
At 31 July 2024 the club held ioial funds of £110.935 which was entirely attributable to unrestricteo
funds Ihat can be spent at the discretion of the trustees on the charitable purpose5 of the club.
restricled funds were held al the year end.
The free reserves of the charity are the unrestricted funds less the value of any designated funds not
readily available to be spent. The trustees have set aside the following designated funds for..
Facility Development
Maintenance
15,CrfJO
Club Dev Fund Role
Goal Keeping Coaching PM
Extra Time Proiect
Xmas Fund Cinema 2024
5(M)
6.507
Training and Coaches Kit Fund 2025
Team Pots
38.816
Total
79.323
.4t 31 July 2024. with unreslricted funds of £110,935 and designated funds of £79,323, the Club held
, ree reserves of £31.612. equivalent to just under 3 months running costs. The free reserves are held
to ensure that liabilities can be settled when they fall due- that funds are available to support the
development of the club and, if income should tall, provide lime to fi-nd new sources ot Income.
This report was approved by the charity truslees on .1gTr Ap::1 2 9 t f and signed on their behall
by:
VIGe Gnairfflaii
Inverkelthlng Hlllfi•ld Communlty Club
Indepondent Examlnerfs R•port
I r8rrf)rt on the ac£fjunts of Inverkebthing Hillfield Swifts Community Club for thè year to 31 Juty 2024
thrch are set out on pages 8 to 11.
R•sponslbllths and bi$l• of r•wt
The charty's trustees are responsible for the preparation of the accounts in accM)rdanc8 with the
requirements of the Charities and Trustee Investment (Scolland) Act 2005 ('the 2005 Acf) and the
Charities Accounts (So)Ilandl Regulations 2ry)6 (Wi8 2(M)6 Regulations-).
I have satisfied mysolf that the charity is not subject to audit under Regulation {10){1)(d) of the 201
Regulabons and is eluible for independent exarninalion. I have therefore examined the charity's
ac#nts as required under section {44X1)(c) of the 2th)5 Act and Regulation 11 of the 2006
RegulatFons. In carying out my examatiOn I have followed th8 guidance issued to independent
examinèTS by the offi of the Scottish Chaiity Regulator {OSCR).
role is to state whether any material matters have c4yne to my attention giving me cause to believe
that:
th8 accounting records were rK)t k8Pt as required by seCtn 44(1Xa) of the 2005 Act and
Rggulation 4 of the 2006 Regulations: or
the accounts do not aOrd with those records: or
the accounts do not comply with the accounting requirem8nts of Regulation 9 of the 2006
Regulations: or
there is fijrtr infomalicvi n8eded for a prOr understanding of the accounts.
Ind•p•ndont examin*s statsmant
I have (xynpleted my examination and I have rnS in respect of any of above and I hav8
found other matters that require drawing to your attention.
ons
Dandert)all
Ddkeith
EH22 1 FY
Date:
## **Inverkeithing Hillfield Swifts Community Club**
## **Statement of Receipts & Payments**
For year to 31 July 2024
|**Note**
**Receipts**
Member fees
Fundraising
Grants
4
Sponsorship
From parents for trips & events
Bank interest
Other income
Sale of mini bus
Gift aid
**Total receipts**
**Payments**
Kit and equipment
Insurance & professional fees
Fees
Staff costs
Utilities
Facilities
Canteen expenses
Sundries
Mini bus expenses
Internet and website
Fundraising expenses
Team expenses
Training
Trips & events
Trip refunds
Transactions fees
**Total payments**
Surplus/(deficit) before transfers|**Unrestricted**
**Restricted**
**2024**
**2023**
**Funds**
**Funds**
**Total**
**Total**
**£**
**£**
**£**
**£**
144,154
- 144,154
139,061
15,350
-
15,350
7,379
38,115
-
38,115
11,890
10,217
-
10,217
10,347
- 5,749
5,749
9,970
1,362
-
1,362
634
23,808
-
23,808
12,895
-
-
-
4,000
-
-
-
10,723|
|---|---|
||233,006 5,749 238,754
206,899
59,655
-
59,655
67,580
1,140
-
1,140
500
22,780
-
22,780
21,175
6,165
-
6,165
-
1,798
-
1,798
717
80,834
-
80,834
87,591
1,258
-
1,258
823
706
-
706
524
-
-
-
1,592
474
-
474
441
2,787
-
2,787
770
8,702
-
8,702
2,135
14,574
-
14,574
5,137
8,498 5,749
14,247
29,949
150
-
150
550
2,708
-
2,708
2,313|
||212,229 5,749 217,977
221,798
20,777
- 20,777
(14,901)|
8
Inverkelthing Hillfield Swlfts Community Club
Statement of Balances
Al 31 July 2024
Unrestricted
unds
Restricted
Funds
2024
Total
2023
Total
Op8ning bank & cash balances
Surpluslldeliciti
Closing bank and cash balanS
90.158
20,777
110,935
90,158
20,777
110,935
105,059
14.Wii
90.158
Assets
Kit and equipment (at cost}
Unrestricted fund
93.445
Liabilities
The only liability OLrtslanding at year end was £2,276. payable to HMRC in respect of emplovee
related iaxes. This amoLsnt could not be settled before the year end due to Ihe necessary reterences
not yet being issued by HMRC. The payment has since been made.
Approved by the charity truslees on .19 t4*r. l kn x fa
signed on their behalf bv:
ice Chairman
## **Inverkeithing Hillfield Swifts Community Club**
## **Notes to the Financial Statements**
Year ending 31 July 2024
## **1. Accounting Policies**
These accounts have been prepared on the Receipts & Payments basis in accordance with:-
(a) The Charities & Trustee Investment Act (Scotland) Act 2005, and (b) The Charities Accounts (Scotland) Regulations 2006 (as amended).
Income and expenditure is recognised when received or disbursed.
The Charity maintains:-
(a) A general unrestricted fund for the day-to-day running of the charity which is expendable at the discretion of the management committee in furtherance of the charity’s objects, and
(b) A number of restricted funds that consist of monies received from sponsors which relate to a specific project and are donated to fund a particular purpose (see note 3).
## **2. Trustee Remuneration & Expenses**
Under the authority of clause 78 of the constitution of the charity one truste , was paid £60 (2023: £140) for strip framing. No expenses were paid to the trustees.
## **3. Restricted Funds**
During the year the charity maintained the following restricted income funds:
- –
- Parent contributions to trips and events funded by parent contributions
## **3.1 Movement in Restricted Funds**
|**Fund**
Parent contributions to trips
Total|**Opening**
**balance**
**Income**
**ExpenditureClosing**
**balance**
**£**
**£**
**£**
**£**
-
5,749
(5,749)
-|
|---|---|
||-
5,479
(5,479)
-|
10
**Inverkeithing Hillfield Swifts Community Club Notes to the Financial Statements** Year ending 31 July 2024
## **4. Grants**
|**4. Grants**||
|---|---|
|Scottish Football Grant
Bank of Scotland Foundation
Grant Benevity
Asda
Groundwork Grant
Charities Trust
Poundland
Sported Foundation Grant
Rosyth Dockyard|**Unrestricted Restricted**
**2024**
**Funds**
**Funds**
**Total**
**£**
**£**
**£**
25,000
-
25,000
7,563
- 7,563
1,457
- 1,457
1,000 - 1,000
1,000 - 1,000
905 - 905
750
- 750
240 - 240
200
- 200|
||38,115
- 38,115|
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