REGISTERED CHARITY NUMBER: SC051272
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
FOR
PETERHEAD ATHLETICS CLUB SCIO
Goldwells Ltd Goldwells House Grange Road Peterhead Aberdeenshire AB42 1WN
PETERHEAD ATHLETICS CLUB SCIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
PETERHEAD ATHLETICS CLUB SCIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025
The trustees present their report with the financial statements of the charity for the year ended 31st August 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 Club operates as a non-profit distributing charity whose principal objectives are: the promotion of interest and the advancement of public participation in the sport of athletics in the town of Peterhead and surrounding villages of Banff and Buchan; the provision or organisation of recreational activities and/or facilities for training and competition with a view to improving the conditions of life for those for whom the activities and/or facilities are intended In furtherance of these objectives, the club shall endeavour to provide or organise equipment for the use of its Members; to provide other ordinary benefits of an amateur sports club, including provision of suitably qualified coaches, training sessions, and competition opportunities; and to provide a safe, friendly, and welcoming environment for all those who wish to enjoy the sport.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The trustees are happy to report that the club has had a successful year. The 10k and the 5K run both proved very popular this year with entry fees up over 40% for the 10k and up by 15% from the 5k on the previous year. Donations received were up by 40% to 2024.
FINANCIAL REVIEW
Financial position
The trustees are satisfied there are sufficient funds available to carry the club forward for at least the next year.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
SC051272
Principal address
3 Springhill Boddam Peterhead Aberdeenshire AB42 3AF
Trustees
S Adam (appointed 30/11/24) M Beagrie Ms K Bruce Mrs V Calder G Collins (resigned 30/11/24) J Diffey (resigned 30/11/24) Ms K Donald (appointed 30/11/24) R Masson (resigned 30/11/24) Mrs A McGee E McGee Mrs L McGee Ms A McRae (appointed 30/11/24) Mrs M Milne B Needs G Steele
Page 1
PETERHEAD ATHLETICS CLUB SCIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Goldwells Ltd Goldwells House Grange Road Peterhead Aberdeenshire AB42 1WN
Approved by order of the board of trustees on 24th February 2026 and signed on its behalf by:
Mrs V Calder - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PETERHEAD ATHLETICS CLUB SCIO
I report on the accounts for the year ended 31st August 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.
Gary Addison FCCA The Association of Chartered Certified Accountants
Goldwells Ltd Goldwells House Grange Road Peterhead Aberdeenshire AB42 1WN
24th February 2026
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PETERHEAD ATHLETICS CLUB SCIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025
| 2025 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 8,464 Charitable activities Longside Loop 3,020 10K 7,662 Race Income 531 Lido 3K series 1,057 Summer 5K 2,472 Track fees 273 Crimond entries 602 Other trading activities 2 1,207 Total 25,288 EXPENDITURE ON Raising funds 949 Charitable activities 10K 12,689 Membership 1,052 Donations 1,737 Total 16,427 NET INCOME 8,861 RECONCILIATION OF FUNDS Total funds brought forward 18,206 TOTAL FUNDS CARRIED FORWARD 27,067 |
2024 Total funds £ 5,076 3,467 3,568 - 1,079 2,136 619 885 551 |
|---|---|
| 17,381 | |
| 1,976 12,298 582 130 |
|
| 14,986 | |
| 2,395 15,811 |
|
| 18,206 |
The notes form part of these financial statements
Page 4
PETERHEAD ATHLETICS CLUB SCIO
BALANCE SHEET 31ST AUGUST 2025
| 2025 Unrestricted funds Notes £ CURRENT ASSETS Cash at bank 27,067 NET CURRENT ASSETS 27,067 TOTAL ASSETS LESS CURRENT LIABILITIES 27,067 NET ASSETS 27,067 FUNDS 5 Unrestricted funds 27,067 TOTAL FUNDS 27,067 |
2024 Total funds £ 18,206 |
|---|---|
| 18,206 | |
| 18,206 | |
| 18,206 | |
| 18,206 | |
| 18,206 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24th February 2026 and were signed on its behalf by:
V Calder - Trustee
The notes form part of these financial statements
Page 5
PETERHEAD ATHLETICS CLUB SCIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
1. 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.
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.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Fundraising events | 1,207 | 551 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2025 nor for the year ended 31st August 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st August 2025 nor for the year ended 31st August 2024.
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continued...
PETERHEAD ATHLETICS CLUB SCIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||||
|---|---|---|---|---|
| funds | ||||
| £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 5,076 | |||
| Charitable activities | ||||
| Longside Loop | 3,467 | |||
| 10K | 3,568 | |||
| Lido 3K series | 1,079 | |||
| Summer 5K | 2,136 | |||
| Track fees | 619 | |||
| Crimond entries | 885 | |||
| Other trading activities | 551 | |||
| Total | 17,381 | |||
| EXPENDITURE ON | ||||
| Raising funds | 1,976 | |||
| Charitable activities | ||||
| 10K | 12,298 | |||
| Membership | 582 | |||
| Donations | 130 | |||
| Total | 14,986 | |||
| NET INCOME | 2,395 | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 15,811 | |||
| TOTAL FUNDS CARRIED FORWARD | 18,206 | |||
| 5. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.24 | in funds | 31.8.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 11,327 | 3,306 | 14,633 | |
| Race Income | 6,879 | 5,555 | 12,434 | |
| 18,206 | 8,861 | 27,067 | ||
| TOTAL FUNDS | 18,206 | 8,861 | 27,067 |
continued...
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PETERHEAD ATHLETICS CLUB SCIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025
5. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,085 | (6,779) | 3,306 |
| Race Income | 15,203 | (9,648) | 5,555 |
| 25,288 | (16,427) | 8,861 | |
| TOTAL FUNDS | 25,288 | (16,427) | 8,861 |
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.23 | in funds | 31.8.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 12,129 | (802) | 11,327 |
| Race Income | 3,682 | 3,197 | 6,879 |
| 15,811 | 2,395 | 18,206 | |
| TOTAL FUNDS | 15,811 | 2,395 | 18,206 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 6,526 | (7,328) | (802) |
| Race Income | 10,855 | (7,658) | 3,197 |
| 17,381 | (14,986) | 2,395 | |
| TOTAL FUNDS | 17,381 | (14,986) | 2,395 |
continued...
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PETERHEAD ATHLETICS CLUB SCIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.23 | in funds | 31.8.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 12,129 | 2,504 | 14,633 |
| Race Income | 3,682 | 8,752 | 12,434 |
| 15,811 | 11,256 | 27,067 | |
| TOTAL FUNDS | 15,811 | 11,256 | 27,067 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,611 | (14,107) | 2,504 |
| Race Income | 26,058 | (17,306) | 8,752 |
| 42,669 | (31,413) | 11,256 | |
| TOTAL FUNDS | 42,669 | (31,413) | 11,256 |
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st August 2025.
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PETERHEAD ATHLETICS CLUB SCIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 3,021 | 1,881 |
| Membership fees | 5,443 | 3,195 |
| 8,464 | 5,076 | |
| Other trading activities | ||
| Fundraising events | 1,207 | 551 |
| Charitable activities | ||
| Race income | 15,204 | 10,855 |
| Track fees | 273 | 619 |
| Bus fees | 140 | 280 |
| 15,617 | 11,754 | |
| Total incoming resources | 25,288 | 17,381 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Purchase of clothing | 949 | 1,976 |
| Charitable activities | ||
| Bus hire | 533 | 642 |
| Course fees | - | 101 |
| Competition fees | 375 | 396 |
| Equipment | 1,088 | 164 |
| Race levies | 580 | 826 |
| Club subscriptions | 1,052 | 582 |
| Hall fees | 244 | 167 |
| Track fees | 1,808 | 1,994 |
| Prize money | 1,800 | 1,510 |
| Trophy costs | 2,748 | 1,994 |
| Chip timing | 975 | 1,931 |
| Misc | 2,388 | 2,443 |
| Gifts | 150 | 130 |
| Donations | 1,737 | 130 |
| 15,478 | 13,010 | |
| Total resources expended | 16,427 | 14,986 |
| Net income | 8,861 | 2,395 |
This page does not form part of the statutory financial statements
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