LOCKERBIE ICE RINK TRUSTEESY REPORT & FINANCIAL STATEMENTS 31- OCTOBER 2024 SCOThISH CHARITY NUMBER:. SC051314 CARSON & TROTTER CHARTERED ACCOUNTANTS 123 IRISH STREET DUMFRIES DG12PE
Lockerbie Ice Rink Contellt5 Page Trustees, report Independent examinevs report Stat¢ni¢nt of financial activities Balance sheet Noteb to tlie financial statements 7-15
Lockerbie Ice Rink Tru$tee$ re ort ear ended 31st October 2024 for the Tl)e trnSe$ preseiit tl)eir r¢port and tlie unaudited financial siaienienis for tlie yeai ended 31st October ?0?4. The fiJiat)¢ial statements have been prepared in accoidaiice with Il)e accoiinting policie.% sel out in note l io the accounts and coniply with the Cl)arilies and Tru%tee Inve.%tment Iscotlandl Act ?005, the Cliariiie.s Accounts IS¢otland} Re. lalions 2006 {a% amended) and Accouniing and Reportints by chalitie... Statenient of Recon)niended Pro¢tice applicable 10 charities preparints Il)eii accoiint% in accordance with the Financial Reporting Standard applicable in the United Kii)y7dom and Republic of Ireland (FRS 10?). Objective5 aDd activities Tlie prii)cipal activitie% of Lockerbie Ice Rink in the yeai under ieview weTe charitable, in line will) Ilie cl)aritys objects. which are in relation to sport. and primarily, tlie sports of curliiig and skating Ilce Rink Sports}. In fvnherance of tl)ese objects, Lockerbie Ice Rink seeks to'.- al provide or assist in the provisiot) of recreational facilities, or to organise or assist in the organisation of the recreational fa¢ililies, witii the object of improving the conditions of lite for the public generally: bl encouiage and actively proinote public pariicipation; c) provide ITaining, coaching and education noi only for ihose pariicipatino in sport but algo the public generally abolit.port generally and Ice Rink Swrts, in particular and the liealth aiid fllness benefits of participating,. and d) proniote ¢oinmuniiy participation in healthy recreation. in particular by playin(p Ice Rijik Sports. Acliievements aiid perforjnaiice Lockerbse l¢e Rink l)ave fulfilled tlieir charitable objectives by providing recreational focililies for curling and skating. by providiiig public and comniunity participaiion in the above sports and provision of training and coacl)ing for personnel of all ages and genders including inclusive se5SlOi)s. The facility lia5 functioi)ed well throughout the year tnaintainins Ilie custonier database aiid also provided a facility for privaie events, wlieilier il be il) the lounge or ice hall area5. Tlie trustees recoonise that this could not be achieved witlioui tl)e support of staff and volui)teers who as51St wilh various activities Ihrouglioui the organisation. Financial review The accounts show a net surplus for Ilie year of £43,518. Reserves at die year end were £157,628. Tliis is made up of £18,0?O of restricted funds and £139,608 of unrestricted fvnds, of which £49 ?65 are dessgnated. Ri$k tThanatwement The trustee5 have a%8e8%ed th¢ major risk% io which ihe charity is exposed. in particular those related to the operations and financing of tlie chaiity and are satl5fJed that systejns are in placc lo niitigate th¢se risks. Reserves The trustees aim to htve sufficient reserves lo cover between thtee aTJd six montlis runniiig costs and to meet redundancy and winding-up costs in the eyent that lldng is reduced or ceas¢.%. Siructure) goYernaDce and management The cliarity is a Scottish Chariiable IncoTporated Organisation (SCIOI (No. SC051314). It was registered in its current legal forni on Isi October ?O?I following a cliange frojn b¢ing a Club. It is governed by its Constitution. The trustees are jointly responsible for the Nnning of ihe SCIO and maLgi11g its assets. The trustees meet regularly lo review tile work of the chari(y. Inonitor pro8re5s on achIevllent of ils objectives and financial perfornnCe and plan fi]IuiE Stiatesy. Page I
Lockerbie Ice Rink Trustees re for the ear ended 315t October 2024 ort coiitinued Appoinliitent htrining Lockerbie Ice Rii]k is governed by a Board of Trustee8 who are recruited. appointed and trained in accoidance widi the ternis of Ihe Constitution. liidividuals are eligible to serve as trustees if tliey are nieinbers of the cliarity and provided they are not eniployees of the charity. TTU.%tees Inay 8180 co-opt other tru8lee% between AGMS who are non-nieniber5 on Ihe basis that they have speciallt experience andlor skills which could be assistance to tlie Board. Tlie CoJL%titution provides for a mii)imum of ihree trustees and a tnaximuin of twelve trustees. Out of IIK nuinber of tnLSte&% no more than three 81)all be co-opied ITUStees. Where new trustees are appointed tl)ey are given a fonnal induction ro the work of the charity and provided Mryth the inf0mtion tliey need to fulfil tlieir roles. whicl) includes infom)ation about cliarity law. Reference and administrative details SLOttish chariiy number SC051314 Re8LStered office Independent Examiners Carson & Trotter Chartered Accountanis 1?3 Irish Strect Dumfries DGI ?PE Bankers Bank of Scotland PO Box 1000 BX? ILB Trustees The trustees who have served the charity during the year and since Ihe year end were as follows.. Page 2
Lockerbie Ice Rink Trustees re for the vear ended 31st Octob¢r 2024 ort continued Re5POllsibilities of the trustees Tlie trustee5 are responsible for preparing die Trustees, Report and the flnancial siateinents in accordance with applicable law and United Kingdom Accounting Standards. Iullxted Kingdoni Oenerally A¢¢epled A¢¢ounting Practice). The law applicable io charities in Scotland requires die tTU5tee5 to preppre financial siatements for each finan¢ial year. whicli give a true and fair view of Ihe stsie of the affairs of the charity and of the incomii)ts iesources and applicaiion of resources, including the income and expenditure, of tlie cliarity for tlie ycar. In preparing t]le financial staten)¢nt8. tlie trustees are required to.. select suitable accouniing poliLies and apply Il)em consistently: observe the methods and piinciples in the Charities SORP ?019 (FRS 10?); iiiake judgement% and estiniates that are reasoiiable aiid prudent; slate whedier applicdble UK accounling standards have been followed. subject to any material departUTrs disclosed and explained in the financial slateJnents', piepare tlie finaiicial slateinei)ts on the going ¢on¢ern basis unless it is inappropriaie io presume tliat the chariiy will contiiiue in operation. Tlie trteeS are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable tliem to eUre tliat the flnancial statements cojnply with tjie Chariiie.% and TrLI.tte Investnient (S¢otlandl Aci ?005, Ihe Charities Accounts {Scoilandl Re(Tulalions ?006 (as amended) and the provisions of the charity's Constitution. They are also re.%pon5ible for 5afci7uarding tlie assets of the charity and l)ence for taking reasonable steps for the prevention and detection of fraud and other irr¢gulariiies. This report was approved by the ttustees of the charity on ??nd April ?0?5 and Slgned on its behalf by. Page 3
Lockerbie Ice Riiik IThde eiideiit Exknitn¢r s Re ort to tlie Trustees of Lockerbie Ice Riiik L reporl on the accounts of the charlty for ihe year ended 3 1st October ?0?4 which are s¢t out on pages 5 to 15_ Respective re5poiisibilities of trustees and examiner Tl)e ¢l)arity's trustees. are responsible for tlic preparation of the account% in accordance willi the tertns of Ihe Cliarities and Trusiee Invesimciit (Scotlandl Act ?005 and die Charities Accouiits IScoilai)dl Regulations ?006 las aEiiended). Tl)e trU.%te consider Ihat tlie audit requireinent ol Regulatioli 101 I)lal to Ic) of the Accounts Regulaiions does not apply. It is my responsibility to exaniine tl)e accounts as requlied under Section 4411)(cl of the Act aiid to state whether particular matters l)ave come io niy attention. Basis of the independent e¥amlner's statemellt My exan)ination is carried out in accordance with Regulation I l of ihe Charities A¢counis (Scotland) Regulations ?006 (as aniended}. An examination includes a review of ihe accounting record8 kept by the cliarity and a coniparison of the account PT&%cnted widi iho8e records. It a150 include5 considerdlioti of any unusual items or disclosures in the a¢couni%, and seeks explanations from the truste coneeming any sucli n)atteTS. Tlie procedure5 uiiderlaken do not provide all tlie evidence that would be required in an audit, and consequeiitly I do not expres5 an audit opinion on the vi¢w given by tlit accounts. Independent examiner's statement In the course of iny examination. no matlei. lias come to my allenlion wliicli gives me reasonable cause to believe tlial in any rnaterial respect tlie requiremenrs.. ro keep ac¢ountiiJg records in accordance witl) Section 44{1}lal of the ?005 Act at]d Regulation 4 of ti)e 2006 Acctsunts Regulations,. and to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Rcgulaiions; have not been met. or b. to which, in my opinion, attention should be dTawn in order to enable a proper understanding of the aecounts to be reached. Cai'son & Trotter Cliartei'ed Aeeountant5 123 Irlsh Street Dumfrie5 DGI 2PE Date: 23rd April 202$ Pgge 4
Lockerbie Ice Rink StRtement of fiiiancial aetlVLtie5 for Éhe vear ended 31st October 2024 2024 Total fuiid5 2023 Totthl fuiids Unrestrieted Resti'icted funds funds Notes liieome And endoJvrnent5 from.. Doiiations and legacies Cl)aritable activitie. OtlieF trading activities 13,789 153,683 40,944 13,789 55,063 205,107 185,530 40.944 34,366 51,4?4 Total income ?08.416 51.4?4 ?59.840 ?74,959 Expenditure on: Cl)arilable activiiies Oiher irading activities 199,051 4,765 203.816 ?09,964 1 ?.506 Total expenditure ?11.557 4,765 ?16,3?? ?20,156 Net ineomel(expendilure) 13,1411 46.659 43.518 54,803 Transfers between fund5 Iz 28,639 (?8.639) Net movement funds 12 25,498 18,020 43,518 54.803 Reconciliation of funds: Total funds brou&yht forward Iz 114,110 114,110 59.307 Total funds carried forward 12 139,608 18.0?0 157,6?8 114.110 All income and expenditure derived from continuing activities. The note5 on pages 7 to 15 form an integral part of these financial statement$. Poge 5
Lockerbie Ice Rink Balance sheet as at 31st October 2024 2024 Z023 Notes Fixed aysets Tangible aetS 89,517 58,932 Currtnt Y$5ets Stocks Debtors Cash al bank and in hand 3,463 19,?49 80,617 3,303 17,705 77.675 103.3?9 98,683 Creditors: amounts falllng due Jvithin one year io (30,8791 (36,6301 Net current assets 7?.450 6?,053 Total assets less current liabiliiies 161,967 1?0,985 Creditors: amounts falllng due after more than one year {4.3391 (6,8751 Net assets 157.6?8 114.110 The fund5 of the charity- Rc8tricted funds Unrestricted funds 12 12 18,020 139,608 114.110 Total charity flind5 157.628 114,110 These accollnts were approved by the trustees on ?2nd April 2025, and are signed on their behalf by.. The notes on pages 7 to 15 form an integral part of these fjnancial Statements. Page 6
Lockerbie Ice Rink Notes to the finantithl statements for the veal. ended 31gt Octol)er 2024 A¢counling policies Basis of preparatio Tlie fLnai)cial stalenients are prepared under tlie historical cost conveniion and in accordance with Accounting and Reporiing) by Chaiities.. Staleineiit of Recoiwneiided Practice applicable to ClritieS pj'eparing their a¢¢ounis in accordance willi Ilie Financial Reportiniy 5randard applicable in Ilie United Kingdoiii and Republic of Ireland Ireland iSUed in Ociobei ?019, the Financial Reporting Staiidaid applicable in the Uniied Kinudoin and Republic of Ireland (FRS I O?), the Chariiie% and Trustees Investment (Scotlandl Act ?005, and the Charities Ac¢ounis Iscotlandl Regulations 7006 las ainended). Tlie cliaTity meets the definiiion of a public benefit entlty under FRS 10? The financial biatemenis ale PTesented in sterling wliich ib tlie fuiictioiial curreitcy of the charity and amounts are rounded to tlie i)earesl £. Tlie Trustes consider that there ate no niaterial uncertainties about the Cliariig5 ability to continue a going concern. Hence the fit]aneial statements are prepared on a going concern basis. The ¢l)arity has applied Update Bulletin l as published on 2t]d February ?016 and does not include a cash flow siaiemeni on the grounds thai it is applying FRS102 Section IA. Fund accountlng Geiier81 filnds are ui]Testricted fiijids wliicli are available for use ai the discretion of the trustees tn furtherance of the geLieTal objectives of Ilie Charity and wl)ich have not been deblgnated for otlier PLpoSe. Restricted funds are funds wliicli are to be used in accordance with specific resirictions iinposed by donors or wliich Iiave been raised by the chaiiiy for particulai putposes. The Cost of raising and adniiiiistering such ndS are cliorged against tlie Specific fund. The aim at)d use of each restricted fund is sei out in the noies io tl)e fii)ancial statenients. IDcome recognition All incotne 1% included in the Statement of Financial Activities when tlie charity is legally entitled to tlie income afier any perforniance condition5 have been niet, the aniount can be measured reliably and it IS Probable that the incoine Mqll be received. Expenditure reeognitiotl All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all osts related ro Ihe caiegory. Liabilities ale recotrnised as as tiiere is a letsal or conslnjctive obl j(Tation, it is probable tliat settlei]Trent will be required and the amount of ihe obligation can be measured reliably. The charity feels that there ig only one activity and as such supptsrls Costs l)aYe not been separately identified tL% they liave been treated a.% being wliolly for tlie fvlfilment of rhe primary aciivity. Governance costs include Ihe cost of preparation and examination of the statutory account.%, the cost of tru5teeg' tneelings and tlie c05t of aiiy legal advice to tTUStee8 on governance or cons¢ilulional matters. As with support ¢ogis, tl)e govemance costs are treated as being wholly for the PrInry activity. P#ge 7
Lockerbie Ice Rink Note5 to the financial 5tatementS foT the l'ear ended 31 st October 2024 continued Taiigible filed a55ets gild depreciatio Depreciatioii i8 provided at raies cal¢ulaied to write off tlie Cost less residual value of eacli asset oyer its expected useful life. as follows.. Laiid and buildings L*aseliold properties Fixtures, fittings and equipnient Website Not depieLiated 10 /0 Stiaib7ht line 33.330/0 siraiglir line IOO/o sfroighi line Leasiiig Renrals payable under op¢rating leases are ¢harged against income on a straight line basis over the lease tenn. Stock 5tock.% are stated at the lower of cost and eslijnated selling price. Proviston 1% made foi obsolete stock wliere appropriate. Taxgtion The ¢liarity is not liable to corporation tax on its priniary charitabl¢ activities. Income from donatlons and legacies 2024 2023 TotAI fuiids Uiirestricted Restricted Total funds funds funds Donations Sp01150r5hip Menibership fees 41,895 4.768 8,400 2.517 9.561 ?,517 9,561 13.789 13,789 55,063 All of the inwme received fron] donations and legacies lll ?023 was unrestricted. Page 8
Lockerbie Ice Rink Notes to the financial statements for tlie ear ended 31st October 2024 contiiiued Inconie from cliaritable activitles 2024 Total funds 2023 Total fuiids Unrestrleted Re$irieted filnds funds Grants reeeived Grants received S¢oitish Curling funding 51,424 51,424 38.64? 1.000 51,4?4 51,4?4 Otlier charitable ineome Ice riiik fees Advertising boards Adinini%lration cl)arge5 Evejit incoÈne Skaie sharpening 140,559 1?,400 380 140.559 1?.400 380 131.5?7 13.400 114 491 356 344 344 153,683 153.683 145,888 Total incoming resourees from charitable activities 153,683 51,4?4 ?05.107 185,530 Of Ille inconie received from ¢haritBble activities in ?023, £13,64? Wds resiricled and £171,888 was unres1ricd. Income frojn other trading activities 2024 Total funds 2023 Total funds Uiirestrieted Restrieted fund$ funds Bar sales Drinks machine sale5 Rent receivable 24,528 305 24,528 305 20.646 l3,7?0 40,944 40,944 34,366 All of the income received froni other tradints activities in ?0?3 wab unrestricted. Page 9
Lockerbie Ice Rink Notes to the fiDaDcial statements for the eai. ended 315t October 2024 conliiiued Expenditure on cliaritable aetivities 2024 Unrestricted Restricted Total funds fuiids flind5 2023 Total fund5 Wages and salaries Rent. rates and in%urance Leasiiig of office equipiiient Light and lieai Cleaning, re$¢ and liygiene Repairs alid iiiainienance Posiage, sialionery and printin(F Advertising & website Telephone Hire of equipment Prizes Bank cliarge Geiieral expen*s Depreciation Losse% on dispobal of tangible assets Inierest on overdue PAYE 53,405 25,159 956 67,666 1.883 18.651 598 5,880 1,384 2,125 2,9?0 2,081 I,o?I 53,405 ?5,159 956 67.666 1,883 18,651 598 5,880 1,384 2,125 ?,920 ?.081 i.o?1 13.?68 109 48,117 25.0?7 101.68? 2,781 13.159 868 1,793 1.559 2,105 1,781 385 7.805 64 109 197,106 197,106 ?08,417 Governance eosts Legal and professio11 fees Indepeiident Examinees Fees Meeting costs Bond discount 225 900 270 550 4,765 4,990 900 270 550 475 900 207 (35) 1.945 4.765 6,710 1,547 199.051 4.765 ?03.816 ?09,964 All of the expendiiure on ¢liaritable activities in 2023 was unrestricted. Page 10
Lockerble Ice Rink Notes to the financial statement5 for the 'ear ended 31st Oetober 2024 continued Analvsis of e.Ipellditure on other trading dlCtivilie5 2024 Total flind5 2023 Total funds Unre5tFleted Restricted funds fihnd5 Cost of bar stock Opening stock Bar purchase5 Closing stock 3,303 9,871 (3,4631 3,30J 9,871 (3,463) 9,907 13.303) 9,711 9,711 8,748 Other bar expeiEses Hire ol'equipn)ent Licences 74 ?40 74 ?40 343 ?05 314 314 548 Total bar expenses 10,025 10.0?5 Drinks m41¢hine expenses Drinks- i1clI1ne PUlLI)dses Leasing of drink5. macliine 173 366 173 366 Total drinks machine expenses 539 539 Rental expenses Repairs and renewals 1.94? 1,94? 896 1?,506 10,19? All of tl)e expenditure on other trading activities in ?0?3 was unrestricted. Page 11
Lockerbie Ice Rink Note5 to the financial statements foT the 'e4r ended 315t October 2024 continued StAff eosts Number of employees The average moiitl)ly numbe15 of elnployees during Ihe year were.. 2024 Nuniber 2023 Nuniber Ice Ejnployment costs 2024 2023 Wages and salaries 53,405 48.117 53.405 48.117 None of the Itustees received reinuneration as an employee of tlie cliarity or were reiinbursed for any expenditure duringF the year. Tlieie were no einployees who received iolal einployee benefiis (excluding enjployer pension cosisl of nioTe tl)aii £60,000. Land and buildings freellold Loiig Fixtures, leaseliold fittinus and propertv equipnient Tanolble fixed ll55ets Website Total C05t At 1st November ?0?3 Additions Disposals 5.914 48.810 38,477 13,873 5,984 (1,564) 811 69,408 44,461 {1,5641 At 31st October 2024 5.914 87.287 18,?93 811 112,305 Depreciation At 1st November ?023 Oil disposal Cl)arge for the year 6.771 3.557 {9561 148 10,476 (9561 13.268 7.910 81 At 3 1st (ktober 2024 14,681 7.878 2?9 ?2.788 Net book values Ai 3 1st October ?0?4 5.914 7?,606 10,415 582 89.517 At 3 1st Ociober ?0?3 5.914 4?,039 10,316 663 58.93? Page 12
Lockerbie Ice Rink Note5 to the financial Statements for the l'ear ended 31st October 2024 continued Debtors 2024 2023 Trade debtors Otiier debiors Prepaynients and accrued inconie 15.317 1.050 2,882 13,654 1,600 2,451 19,?49 17.705 io. Creditors: amounts falling due iyitliiii one year Trade creditor. Otlier taxes and social se¢urity Cosis Other creditors Accruals 2024 2023 3,285 6,030 20,664 900 6,646 7,143 ?1,941 900 30,879 36,630 ii. Creditoi's: amounts fklling due After more than one year 2024 2023 Loans 4.339 6,875 Page 13
Lockerbie Ice Rink Notes to the financial stutement5 for the vexr ended Jlst October 2024 ¢ontinued 12. Stfitement of funds Balance at 1st Noi'embei. 2023 Ineome Balaiice at 31st October 2024 Expenditure Transfers Restricied funds: Cros%dykes Coinjnunity Benefjts Limited Third Sector Dujiifries & Galloway ANCBC Cunninghame Housing Association {4,763) 9,994 19,740 720 18,8041 119,7401 {951 1,190 625 51.4?4 14,7651 (28,6391 18,020 Unrestricted funds: Unrestricted general funds De%ignated fvnds 81,396 32.714 ?08.416 {?11,5571 12,088 16,551 90.343 114,110 208,416 {211,557} 28.639 139.608 Total fiinds 114,110 259,840 {2 16,322) 157,628 The unrestricted general funds represent the free funds of the charity which are not designated for particular pUe5. De.%ignated funds relates io capital expenditure purchased using grant funding and if released in line with depreciation. Restricted futlds relates to fund5 Wlth restrictions inip05ed by the donors as follo¢..- Crossdykes Conununity Benefits Liinited - Feasibility study to reduce consumption. fossil fuel usatse and carbon emissions. Third Scctor Dumfn"es & Galloway- Purchase of ice equipmeni and subsidise skate hire & curling fees. ANCBC - Improving doors, windows and rubber flooring. Curn)inghame Housing Association- Subsidise curling sessions for 6-9 year olds. 13. Allalysls of nei #sstt5 in funds Taiigible tlxed assets Other net assets Total Restricted fuiids Unrestricted fvnds 18,020 50,091 18,020 139,608 89,517 Total ndS 89.517 68,111 157,6?8 Page 14
iA)ckerbie Ice Rink Note5 to the financial stotements for the ve4r ended 31st October 2024 continued 14. Related party traii52Ctions Tliere were no related party IraLisa¢tion% duL"Ing Ilie year. Page 15