LKR RACING Trustees Report for the 2024 Financial Year Reference and administration details Charity name Other names charity is known Linlthgow Kayak Racing LKR Registered charty number Charity'5 principal address SC050656 Names of the charity trustees on date of approval of Trustees. Annual Report Trustee name Office {if any) Dates acted ff not for whole y&ir lor body) entitled to ustee lif anykn Reference and administration details Narnes of all other charty trustees during the period. if any. {for exarnple. those who resigned part way through the financial period) Structure, governance and management Type of governing document LKR is govemed by a 0￿5t[tutiOn document. The cuThent Constitution of Linlithgow Kayak Racing SCIO was approved at an AGM on November 18. 2021. It Can be ac¢e5sed here: htt s".I,Idrive. le.comlfile]d11V7 kKSlnuMTS 25rccbffZ sHdulblview Trustee recruitmenl and appointment 27.1 At each AGM. the rrember5 may elect any member (unless they are debarred from membership under dause 25.21 to be a tharity trustee. 27.2 The Board may at any time app)int any member (unless they are debarred from membership under clause 25.21 to be a charity trustee. 27.3 At each AGM, all of the charity tTU5tees electedlappointed under dauses 27.1 and 27.2 land, in the case of the first AGM, tlbjse deemed to have been appointed under dause 281 shall retire from office- bul shall then be eligi￿e for re-election under dause 27.1. 27.4 A eharity tsustee retiring at an AGM wll be deemed lo have been re- elected unless: _ 27.4.1 they advise the Board wior to the conclusion ofthe AGM that they do not wish to be re-appointed as a chty tntstee: or 27.4.2 an election process was held at the AGM and they were Mt among those electedlre- elected through that wocess: or 27.4.3 a resOlut￿n for Ihe redection of that charity trustee was put to the AGM and was rK>t ca￿led. 27.5 NominatTrons dection to FM)sfaons on the Board will be received by the Secretary by email or by letter wrthin 30 days of the proposed AGM. Nominations received after that bme shall cfflly be accepted with agreement of the Board 27.6 The Organisation wll also endeavour to appoint junior members to liaise wth the Commlttee as representation ofjunior and youThJ paddlers, wews. 27.7 At the Annual General Meetrng the Board wll tse elected either from members in attendance or from members in absentia WIK) have stated to the outgoing Secretary by email or letter wthin 30 days of the proposed AGM their wlliThJDess to serve in the caparyty for whith they are nominated. 27.8 In the event of a failure to elect any further Board members, the existing Board members should remain in office and accountable until such time5 as replacement Board member5 can be elected. Objectives and activities Charitable purposes The purpose of Linlrthgow Kayak Raung is to provide accessibilrty to paddlesport actNib"es within the local and the Mider communtty and to serve its membership for. the advancement of public participation in sport.. the provlyc￿ of re￿eallC￿aI faolities. or the Organisation of reueational Summary ofthe main activities in relats'on to these objects To promote the sport of competsb.ve canoeing and improve the condtts.ons of lrfe for Ihe persons tor whom the activities are intended To suppcKt growth and development of the sport of canoeing in Linlithgow and the surrounding areas and to encourage communrty parb"cipation To provide facilrties and equipment for the purpose of promoting and encouraging parb"rypatr"￿ in the sport of car￿ing To arrange and provide, or to join in arranging and providing. for the holding of ￿urSe5 of instruction, advice on suitable equipmenL and in the coaching of ra￿ng perfomian To en￿Urage members in promotion of health and wellbeing To enhance and protect the interests of member5 W5hing to train f￿ competition To act in ways compatible vthh the preservation and protection of the countyside and wqldlife To ensure a duty of care to all members Achievements and performance Summary of the main achievements of the charity during the financial period . ￿cOntinUed her astonishing prc4Jress, be Champion with victory in K1 and K2 500m (wt U23 Wodd Championships. where she made it to both A Finals. quallfied for the Olympic Hopes Regatta in Hungary, making ith Tom also c4)ming 5th in the K1 500m C Final. le U23 European That qualified her for the it to the C Final In K2 500m, The Summer Series offve condit'ons. The winners Vrfer 13 paddlers completed the 1000km Challenge and secured unique and stylish beanie hats, with all participants docknrvJ up an amaang total of 25,362km paddling over the year. as selected as Most Improved Paddler by Paddle Scotland {both Sprint and Iscipline Development GrtyJps} svotedthe M t Im roved P ddler by LKR member In the Scotts'sh Swnt League, on the U10 Boys and overall. A strw tumout Ihe Glasgow-Edinburgh Challenge saw LKR take first place in the K1 relay and also the K2 relay. along wth members being part of crews that came first in the Open Relay and secorKI in the NorFSt¢)p K2. The Linltthgow Head-2-Head Sprint Regatta attracted 24 entries, repeating the innovative fomiat 0fts￿ paddler5 each other. The Linltthgow Marakn had a great field of 39 entries and a number of members were prorrKJted. The Winter Time Trials were slighty disrupted due to adverse weather condttions. wth January cancelled due to the canal freezing and December too windy for safe paddling but several new Personal Bests were achieved in February, March and November.. LKR members ￿mPeted in a wide variety of other ra￿ on flat water, rivers and coastal waters in Scouand and beYc￿. This included the Euro￿an Masters Maralhon Championships in Croatia, British marath￿ and Sprint Championships. Scottish Marathon and Sprint Championships. and descent races C￿ the Spey. Tay. Forth and Nith. "Come & Trf sessions were ￿ld for new Junior and Adult Paddle￿ to er￿QUrage engagement from the communty, attrac￿'ng interest frc￿n across West Lothian and Edinburgh Training and developrrent coaching sessions were held forjunior and adult paddlers, along wth introduction to river skills. a wd14ttended Outdoor First Aid Course and great introductory session for the team at the Park Fa￿ Bistro who keep dub member5 well sustained wth coffee, cake and banter throughout the year. A detailed survey of members tcok plxe to understand the specific needs of drfferent categories of menkner and provide a development plan for the Committee to woth on. aral on U16 Boys Financial review Brief statement of the charty's policy on resep4es LKR aim lo maintain free reseNes in unrestricted funds at a level which equates to approximatdy three months of unrestricted d)aritable expenditure. The trustees conshler that this level will provide sufficient funds to respond to the membership or to make applications for grants and ensure that running and govemance costs are covered. The trustees consider that a level of three months is sufficient to either find further support or in the event of not being able to do so, to wind up the dub arHI dL$[￿ of its assets. which will cover any outstanding debl at this time. The balance held as unrestn.cted fijnds at 31 December was £11,121.60, all of which are regarded as free reserves. Actual three-month cash payments totalled £2.206.65. The txrrent level of reserves is therefore higher than is needed. Details of any deficit LKR has no OUtsL￿dIr￿j debts or has not had a deficit at any point during this period. Donated facilities and services (if any) LKR has a t￿1¢Y to ￿s5 indiwduals and to offer supported activibes where necessary to ensure that cost is not an undue barrier lo parlicipation in the sport. There were no other applications for suppcrt. Declaration The trustees declare that they have apFYoved the trustees, re￿t above. Signed on behalf of the charity's trustees Signature(s) Full narnel5} Position {e.g. Chair) Chair Date 251Tr3125 ## **Balance Sheet** ## **Linlithgow Kayak Racing As at 31 December 2024** |**Balance Sheet**
**Linlithgow Kayak Racing**
**As at 31 December 2024**|**Balance Sheet**
**Linlithgow Kayak Racing**
**As at 31 December 2024**| |---|---| |**31 DEC 2024**|| |**Current Assets**|| ||**Cash at bank and in hand**| ||LINLITHGOW KAYAK RACING
18,459.97| ||**Total Cash at bank and in hand**
**18,459.97**| |**Total Current Assets**
**18,459.97**
**Creditors: amounts falling due withinone year**|| |Historical Adjustment
7,338.37|| |**Total Creditors: amounts falling due within one year**
**7,338.37**|| |**Net Current Assets (Liabilities)**
**11,121.60**|| |**Total Assets less Current Liabilities**
**11,121.60**|| |**Net Assets**
**11,121.60**
**Capital and Reserves**|| |Current Year Earnings
2,924.12|| |Retained Earnings
8,197.48|| |**Total Capital and Reserves**
**11,121.60**|| 24 Sept 2025 Page 1 of 1 Balance Sheet Linlithgow Kayak Racing ## **Cash Summary** ## **Linlithgow Kayak Racing For the year ended 31 December 2024** |**Cash Summary**
**Linlithgow Kayak Racing**
**For the year ended 31 December 2024**|||| |---|---|---|---| |||**YEARLY**|| ||**2024**|**AVERAGE**|**VARIANCE**| |||**(YTD)**|| |**Income**|||| |Boat Sales|3,260.00|3,900.00|-16.41%| |Boat Storage|925.00|907.50|1.93%| |British Canoeing Event|60.00|-|-| |Come & Try / AdHoc Boat Usage|435.00|747.00|-41.77%| |Donations|106.00|165.44|-35.93%| |Intro to Racing|240.00|405.00|-40.74%| |Lightening & Cadet Fees|1,346.25|2,831.00|-52.45%| |LKR / SCA / BC Event|1,614.43|2,772.02|-41.76%| |LKR Merchandise|126.37|347.00|-63.58%| |Membership Income|3,694.60|3,852.33|-4.09%| |Non Event & Training Income|799.50|-|-| |Performance Squad Feed|1,000.00|1,295.00|-22.78%| |SCA Event|493.81|280.92|75.78%| |**Total Income**|**14,100.96**|**17,503.21**|**-19.44%**| |**Less Expenses**|||| |Advertising & Marketing (Club Merchandise)|770.02|305.95|151.68%| |Boat & Equipment Purchases|530.49|190.00|179.21%| |British Canoeing|90.00|280.00|-67.86%| |Charitable and Political Donations|25.00|-|-| |Coaching Costs|375.00|3,797.50|-90.13%| |Direct Expenses (Regatta fees etc)|773.80|859.45|-9.97%| |Entertainment-100% business|385.20|-|-| |General Expenses|-|75.00|-100.00%| |IT Software and Consumables|828.62|-|-| |Light, Power, Heating|56.11|136.50|-58.89%| |Rent|6,000.00|6,000.00|-| |Repairs & Maintenance|40.00|-|-| |Subscriptions|462.60|38.45|1,103.12%| 24 Sept 2025 Page 1 of 2 Cash Summary Linlithgow Kayak Racing Cash Summary |||**YEARLY**|| |---|---|---|---| ||**2024**|**AVERAGE**|**VARIANCE**| |||**(YTD)**|| ||||| |Training Provision Cost (FSRT etc)|840.00|-|-| |**Total Expenses**|**11,176.84**|**11,682.85**|**-4.33%**| |**Surplus (Deficit)**|**2,924.12**|**5,820.36**|**-49.76%**| |**Net Cash Movement**|**2,924.12**|**5,820.36**|**-49.76%**| |**Summary**|||| |Opening Balance|15,535.85|9,715.49|59.91%| |Plus Net Cash Movement|2,924.12|5,820.36|-49.76%| |Cash Balance|18,459.97|15,535.85|18.82%| 24 Sept 2025 Page 2 of 2 Cash Summary Linlithgow Kayak Racing APPENDIX 3 OSCR Scottish Chèrty Rwlator Independent examiner's report on the accounts ¥2 Report to tho Chartyname trust￿81m￿Mbers of Linlithgow Kayak Racing Reglstered charity SC nvmbar On the a¢counts of th• ¢harity for the podod 050656 Peri¢)d start date Month Period end dat8 Ye8r Month Ye8r 101 01 2024 31 12 12024 Sat out on p4•8 1 1rnrn•rnburtoi￿ud¢ the PA Ro8paetlv• r•spon$lbllltl•8 of trust•o9 and •xamln•r The charity'$ trustees are responsible for the preparation ol the account8 in accordancè wllh th8 terms of the CharStie5 and Truslao Inve$tsMent IS¢ollond) 2005 Act ond the Ch8rS1ig5 Accounts IScotland} R8gulallons 2006 las amended}. Tha charlty tru$lg98 ¢onsld8r that th8 aud* requirgment of Regulation 10{11 Id) ol the Accounts Regulatlons does not apply.11 Is my reSpon￿bIlItY lo axamlne the accounts as requlred under s8cllon 44111 1¢) of the Act aryj lo stale whether particular matters have corne lo my attenllon. Ba$1* of ind•pend•nt My 8xamlnadon19 out in accordance wllh Regulation 11 of the 2006 Accounts oxamln•rfs $tat•m•n¢ Regulatlons. An èxamln8tlon Includes a rovlow of th8 accounting records kept by th charity and a comparison ol Ih8 accounts presented with Ihose re¢ords. 11 also Includ88 conslderatlon of any unusual Iterns or dlsclosures in the a¢oounls and seeks explanations from the Irust8e8 concerning any such matters. The procedure8 undertaken do not provld8 811 the ovld&nc8 that would be required in an audit and, con8equenlly. I do not exwass an audll oplnlon on th• vlew glven by the acc(>unts. Indopondent oxamln•r'8 In Iha course of my tsxamlnation, no matter has come lo my attentlon lolh8r ihan that •t•t•m•nt disck)sed Dn the attached pagel whlch glves me reasonable cause to bèli￿& that In any mai¢rial r¢$p8ci the reoulremgnls.. lo keep occounllng rncords In ac¢¢rdaftce wllh s8cllDn 44111 (al of the 2005 Act and Regulation 4 of th8 2006 ACC￿nIS Rggulalions, an¢J to prepare accounts which acc(yd ￿th thè accounting ￿cOrdS and comply with Regulation 9 01 the 2006 Accounts R8gulations have not been mel, or lo which, in my C•pinSon, attentlon should b8 drawn In ordar lo gnobl8 a prop9r accounts lo ba reached. Dat•- SSgned": Namfr". Rglovant prol•sslonal qualSfi¢atlon{81 or body lif anyl: Address: 24110r202S ¢eknle the ¥JOTd& in Ihebrthts ff they do not ap￿. Ifihe words do wly, L￿( matt&rsthKh have corne ¢0 y￿r attanikn w the 11(AYing po4*. ~OSCR will accept di9ital ortyped svJn4twe$. APPENDIX 3 Disclosure section Only complete rf the examiner needs lo highlight material problems. Glve here br•ef datall¥ of any items that the examlnor wishes to di$¢lo••