2024-06-30-accounts - Pinkston Panthers

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PINKSTON PANTHERS

SC050346

RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 30 JUNE 2024

Pinkston Panthers SCIO (SC050346)

Year ended 30 June 2024

APPENDIX 1

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Trustees’ Annual Report for the period
Period start date Period end date
Day Month Year Day Month Year
From 01 07 2023 To 30 06 2024
OSC r
Office of the Scottish Charity Regulator
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Reference and administration details

Charity name Pinkston Panthers Other names charity is known by Registered charity number SC050346 Charity’s principal address

Names of the charity trustees on date of approval of Trustees’ Annual Report

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Name of person
Dates acted if
Trustee name Office (if any) (or body) entitled to
not for whole year
appoint trustee (if any)
1
2
3
4
5
6
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Reference and administration details

Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)

Pinkston Panthers SCIO (SC050346)

Year ended 30 June 2024

Structure, governance and management

Type of governing document SCIO

Trustee recruitment and appointment Trustees are drawn from the parents of club members with volunteers sought via the club group chat as required.

Objectives and activities

Charitable purposes - The advancement of public participation in the sport of canoeing, kayaking or other paddlesports.
- To encourage all prospective and current paddlers to contribute to the development of the sport and the organisation in line with their abilities and aspirations.
Provide accessible training in paddle sports to anyone from complete novice to seasoned competitor

Summary of the main activities in relation to these objects We run a coached club night every night throughout the year that caters for beginners right up to serious competitors.

We also arrange training sessions at other sites in Scotland and down south mainly focussed on members who are interested in competing.

We run Slalom competitions as part of British Canoeing’s National Ranking Races.

Pinkston Panthers SCIO (SC050346)

Year ended 30 June 2024

Achievements and performance

Summary of the main achievements of the charity during the financial period	Ran weekly club sessions and some weekend training camps. Also coached members at competition weekends. Organised races at Pinkston, Grandtully and Alva. There were numerous successes at British National ranking races and several members were promoted to higher divisions through the year.

Financial review

Brief statement of the charity’s policy on reserves Details of any deficit Donated facilities and services (if any)	We maintain close control on finances and always ensure that there are sufficient reserves to cover fixed costs (container storage, insurance etc.) Income is generated from Club sessions, races and grants. Expenditure is mainly on storage, Equipment and paying for site hire. We charge members for club sessions at a rate that just covers the sessions. Where sessions are too small to be economic then we will cancel them. Race income, donations and grant funding cover purchase of new equipment and storage hire. Fixed costs comprise mainly of storage costs and it is our aim to build our reserves to cover these costs should income cease for a period of time. Free unrestricted reserves at year end were £16,943, which meets the above policy.
	N/A
	N/A

Brief statement of the charity’s policy
on reserves
Details of any deficit
Donated facilities and services (if
any)

We maintain close control on finances and always ensure that there are
sufficient reserves to cover fixed costs (container storage, insurance
etc.)
Income is generated from Club sessions, races and grants.
Expenditure is mainly on storage, Equipment and paying for site hire.
We charge members for club sessions at a rate that just covers the
sessions. Where sessions are too small to be economic then we will
cancel them.
Race income, donations and grant funding cover purchase of new
equipment and storage hire.
Fixed costs comprise mainly of storage costs and it is our aim to build
our reserves to cover these costs should income cease for a period of
time.
Free unrestricted reserves at year end were £16,943, which meets the
above policy.

N/A

Pinkston Panthers SCIO (SC050346)

Year ended 30 June 2024

APPENDIX 1 Other optional information

N/A

Declaration

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (e.g. Chair) Treasurer Date 14/03/2025

Pinkston Panthers SCIO (SC050346)

Year ended 30 June 2024

Independent Examiner's Report to the Trustees of Pinkston Panthers SCIO

I report on the accounts for the year ended 30 June 2024 set out on pages six 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.

Cowan & Partners Limited 60 Constitution Street Edinburgh EH6 6RR

Date: 14/03/2025

Pinkston Panthers SCIO (SC050346)

Year ended 30 June 2024

Receipts and Payments

Notes Receipts Donations & Legacies 5 Income from Charitable Activities: 6 Club Nights & Water Fees Equipment Sales Kit Sales Membership Race Income & Competitions Summer Sessions Total Receipts Payments relating to Charitable Activities: 7 Accounting Coaching Equipment Minibus Costs Race & Competition Costs Sundry Expenses Water & Container Charges Website Total Payments Surplus/(Deficit) for the year Transfers between funds Cash funds brought forward 8 Cash funds carried forward	Unrestricted Restricted Total Funds Total Funds Funds 2024 2023 £ £ £ £ - - - 10,000 8,497 - 8,497 8,327 800 - 800 - - - - 460 4,090 - 4,090 2,836 19,725 19,725 12,563 - - - 3,198
	33,112 - 33,112 37,384 660 - 660 630 - - 1,980 1,900 - 1,900 1,528 8,752 8,752 - 5,272 - 5,272 3,715 125 - 125 120 22,010 - 22,010 16,937 219 - 219 191
	38,938 - 38,938 25,101 (5,826) - (5,826) 12,283 - - - - 22,769 - 22,769 10,486 16,943 - 16,943 22,769

Notes
Receipts
Donations & Legacies
5
Income from Charitable Activities:
6
Club Nights & Water Fees
Equipment Sales
Kit Sales
Membership
Race Income & Competitions
Summer Sessions
Total Receipts
Payments relating to Charitable Activities:
7
Accounting
Coaching
Equipment
Minibus Costs
Race & Competition Costs
Sundry Expenses
Water & Container Charges
Website
Total Payments
Surplus/(Deficit) for the year
Transfers between funds
Cash funds brought forward
8
Cash funds carried forward

Unrestricted Restricted
Total Funds
Total
Funds
Funds
2024
2023
£
£
£
£
-
-
-
10,000
8,497
-
8,497
8,327
800
-
800
-
-
-
-
460
4,090
-
4,090
2,836
19,725
19,725
12,563
-
-
-
3,198

33,112
-
33,112
37,384
660
-
660
630
-
-
1,980
1,900
-
1,900
1,528
8,752
8,752
-
5,272
-
5,272
3,715
125
-
125
120
22,010
-
22,010
16,937
219
-
219
191

38,938
-
38,938
25,101
(5,826)
-
(5,826)
12,283
-
-
-
-
22,769
-
22,769
10,486
16,943
-
16,943
22,769

Pinkston Panthers SCIO (SC050346)

Year ended 30 June 2024

Statement of Balances

Cash at Bank and in Hand

Cash and bank balances at start of period Suplus/(Deficit) for the period Transfer of Funds Cash and bank balances at end of period	Unrestricted Restricted Total Funds Funds Funds Funds 2024 2023 £ £ £ £ 22,769 - 22,769 10,486 (5,826) - (5,826) 12,283 - - - -
	16,943 - 16,943 22,769

Accounts are prepared on a receipts and payments basis; however, the following assets and liabilities are in existence at the year-end.

Assets

During the year, the charity purchased a mini bus costing £5,800.

Liabilities

An Independent Examiners fee of £690 for the year ended 30 June 2024 is due.

Notes to the Accounts

1. Basis of Accounting

These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

2. Nature and purpose of funds

Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day running of the charity.

3. Related Party Transactions

There were no related party transactions in the year ended 30 June 2024 (2023: Donation of £10,000 made by a trustee).

Pinkston Panthers SCIO (SC050346)

Year ended 30 June 2024

4. Trustee Remuneration and Expenses

The members of the Board of Trustees did not receive any remuneration or expenses in the year (2023: £nil).

5. Donations & Legacies

. Donations & Legacies
Donation . Income from Charitable Activities Club Nights & Water Fees Equipment Sales Kit Sales Membership Race Income & Competitions Summer Sessions . Costs of Charitable Activities Accounting Coaching Equipment Minibus Purchase Minibus Costs Race Costs Race Levies SCA Affiliation Water & Container Charges Website	2024 £ - - 2024 £ 8,497 800 - 4,090 19,725 - 33,112 2024 £ 660 - 1,900 5,800 2,952 2,401 2,871 125 22,010 219 38,938	2023 £ 10,000 10,000
		2023 £ 8,327 - 460 2,836 12,563 3,198 27,384
		2023 £ 630 1,980 1,528 - - 1,206 2,509 120 16,937 191 25,101

6. Income from Charitable Activities

7. Costs of Charitable Activities

Pinkston Panthers SCIO (SC050346)

Year ended 30 June 2024

8. Movement in Funds

General Restricted Total	Balance at Balance at 1 July 2023 Received Paid Transfers 30 June 2024 £ £ £ £ £ 22,769 33,112 (38,938) - 16,943 - - - - -
	22,769 33,112 (38,938) - 16,943

Approved by the Board of Trustees and signed on its behalf Name Date 14/03/2025