HUTCHISON VALE COMMUNITY FOOTBALL CLUB
Report and Financial Statements
Year ended 30 June 2024
S¢ottl$h Chaiity Numbfrr: SC051359

Hutchlson Vale Community Football Club SCIO
Report and Financial Statements
Year ended 30 June 2024
CONTENTS
Pag•
Legal and Administrative Inlormalion
Report of the T￿steeS.
Report of the independent examiner to the trustees of HVCFC
Slalemenl of Financial Aclivits-es
Balance Sheet
Cash Flow Statement
Notes to the Financial Statements
10-14

Hutch180n Vale Commtsnity Football Club SCIO
Rèport and Financlal Stat•mgnts
Yéar •ndod 30 June 2024
LEGAL AND ADMINISTRATIVE INFORMATION
Hutchison Vale Community Foolball Club was Incor￿rated as a Scoth"sh Charilable Ir￿Orporated
Organisalion on 26 October 2021 and commenced Operat￿n5 on 1 July 2023, chaiily number
SCOS1359.
Prlncipal Offtce
49 Fords Road
Edivburgh
EH11 3HS
Accountants
Henderson Kildavaig Chartered A¢counlanls
109114 Swanslon Road
Edinburgh
EH10 TDS
Bankers
Bank of Scotland plc
The Mound
Edlnburgh
EH11YZ

Hutchison Vale Community Football Club SCIO
Report and Flnanclal Statements
Year ended 30 June 2024
REPORT OF THE TRUSTEES
The Trustees have pleasure in presenting this report for the year ended 30 June 2024. This report is
prepared in accordan￿ with the Constitution and ihe recommendations of the Slalernent of
RecoThmended Practice- Accounting and Reporting by Charities and complies with applicable law.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Association's head Offi￿ is located at 49 Fords Road. Edinburgh. EH113HS. il is a registered
incorporated charity in Scotland. no. SC051359. and i8 governed by rts constitution as a SCIO and was
established in 2021 The rnanagement of the Assctialion is the responsibility ofthe Trustees (who are
also known as Committee Members} and who are ekcted under the terms of the Conslitulion.
Responsibility for the day-to4ay management is delegated to Tom Smith.
POLICIES
Risk management
The Trustees actively review the major risks whith Ihe Charity faces on a regular basi5 2nd have
estsblished policies to milrgate these.
Res8r¥as pollcy
The Directors do not have a formal reserves poly at this present but have plans to develop
a policy during the coming year.
Golng ¢on¢¢rn
The charity has net assets of negalive £514 and net current assets of negative £514. The trustees have
prepared financial fore¢asls lo June 2025. These projections demonstrate that the charity will be able to
meet all liabilities as they fall due and therefo￿ continue as a going concern.
FINANCIAL REVIEW
Total fvnds as al 30 June 2024 were negative £514.
PROVISION OF INFORMATION TO AUDITOR
The level of income for the year was bek)w the audit threshold so no audit is required.
TRUSTEES, RESPONSIBILITIES
The Iruslees are responsible for preparing the Trustees. Report and the financial statements in
accordance with applicable law and regulations.
Charity law requires the trustees to prepare financial statements for each financial year in accordan
with United Kingdom Generally Accepted Accounting Pracb"ce (United Kingdom Accounting Standards
and applicable lawl. Under charity law the Iruslees must not approve the financial statements unless they
are satisfied that they give a true and fair view of the slate of affairs of the charity and of Ihe incoming
resources and applicats'on of resources, including the income and ex￿ndIture, of the charity for that
perii)d.
In preparing these financial statements. the trustees ale iequired to=
se￿cl suitable accounting policies and then apply them wnsistently.,
ake judgements and accounting esb'males that are reasonable and prudent.,

Hutchi50n Vale Community Football Club SCIO
Rfrport and Finan¢lal Statements
Yearended 30 Jun6 2024
ststo whether appltcable UK Accounl#ig Stsndards have been followed, Subl￿t to any material
departures disd05ed and explained in the financial stalen￿nIs.,
prepare the finan¢i81 statements on the going concern basis ￿n￿SS it is inappropriate lo presume thal
the charity wll continue in business.
The trustees are responsible for keeping adequaie accounting records that are sufficienl lo show and
explain the charity's tran5acl¥Jns and disclos8 wilh reasonable accuracy at any time the financial position
of the charity and enable them to ensure Ihal the financial stslements compty with the Companies Act
2006, the Charities and Trustee Investm8nl IScolland} Acl 2005, the Charities Accounts (Scolland)
Regulations 20¢X and the Memorandum and Articles of Association of the charity. They are also
responsib￿ for safeguarding the assets of the chartty and hencé for takn'ng reasonable steps for the
pwenth'm and detection of fraud and other irregularities.
This report has been prepared in accoidance with the StaterrEnt of Recommended Practice- Accaunting
and Reporting by Charities (Revised 20051 and vrith the special provLsions relating lo small companie5
within Parl 15 of the Companies Act 20ThS.
Approved by the board of directors and signed on 28 March 2025 by=
rus

Hutehlgon Vale Community Football Club SCIO
Report and Financial Statèm6nt8
Year èndod 30 Juné 2024
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF HUTCHISON VALE
COMMUNITY FOOTBALL CLUB
I report on the accounts of the charity for the year ended 30 June 2024.
Respectlve responsibilities of trustees and examiner
The charity's directors are responsible for the preparation of the accounts in acyjrdance with thè tems of
the Charities and Diiecloi InvesLment {ScolL3nd) Act 2005 and the Chariiies Accounts (Scollandl
RegulalK)ns 2006. The Charity Directors CA)nsider thal the audit requirement of R￿ulat￿}rn 10111 Id) of the
Accounts Regulations does not appty. It is my responsibility to •xamlne the accounts as required under
seclion 44111 Icl of the Act and to state whether particular matters have come to my attention.
Basls of Independent examIne￿8 sLilement
My examination is cairied out in accordan￿ wtlh Regulation 11 of the Charities Accounts {Scollandl
Regulations 2006. An examination includes a revthv of Ihe account4ng records kept by thé Charity and
comparison of the accounts presented with those records. It also includes consideration of any unusual
lterr￿ or disclosures in the accounts and seeks explanations from th8 directors concerning any such
mallers. The prO￿dureS undertaken do not provhle all the evidence thal wouky be required in an audit.
and consequenly I do not express an audit opinion on the view given by the accounts.
Independent examinerfs statgmgnt
In the ¢our$e of my examinab"on, rnatter has come to my attention."
1. Which gives me ieasonable cause to believe th* in any material respect the requiremènts:
to keep accounting records in accordance Sectr"on 4411) lal of the 2005 Act and Regulation 4
of the 2006 Accounts RegUlat￿nS. and
to P￿pare ac(x)unts wh￿h accord with the acts)unting records and ctsmply with Regulation 8 of the
2006 A￿OUnts Regulaiions have nol been met, or
2. W)ich, in my opinion. attenlK)n ShO￿d be drawn in order to a proper understanding of the
accoun15 to be reached.
Henderson Kildavaig Chartered AcivJnlanls
109114 Swanslon Road
Edinburgh
EH10 7DS
Relevant Profession81 B￿Y.. The Institijte of Chartered Accountants of Scolland IICAS)
Dale
28 March 2025

Hutchlson Vale Community Football Club SCIO
Roport and Flnancial Statements
Year ended 30 June 2024
STATEMENT OF FINANCIAL ACTNMES FOR THE YEAR ENDEO 3D JUNE 2024
Unrestrl¢ted
Funds
Restricted
Funds
Total
2024
Note
Income from:
Donations
Subscriptions
Other income (gift aid)
Fundraising
Sponsorship
Total
1.221
83.623
2.115
2.753
1CKJ
89,812
1,221
83.623
2,115
2,753
10D
89,812
Exponditure on:
Raising funds
Ch2ritsble activities
Total
150
90.176
90.326
150
90.176
90.326
Net income I (loss
(5141
{5141
Reconciliatlon ol funds:
Total Funds at 30 Jun8 2023
Total Funds at 30 June 2024
(514)
15141
The ststement of ffinarEcial activities indudes all gains and losses in the year.

Hutchison Vale Communlty Football Club SCIO
Roport and Financlal Statements
Yaar ond8d 30 Jun6 2024
BALANCE SHEET AS AT 30 JUNE 2024
Notos
2024
2023
Flxed Asset$
Tangible a&8ets
CurrentAssets
Debtors
Cash at bank and in hand
Total current assets
86
Llabllltles
Ciedilors.. amounts falling
due within one yeai
Net Current Assets
Net Assets
(600)
(514)
1614)
Repiesented by
Unrestrlcted F￿ndS
Restricted funds
Unrostriclèd fvnds.
D8slgnal•d funds
General funds
Total Funds
11
{5141
{514)
12
ApDroved ty the Twslees and signed on tt)eir behalf
Truslee
Dale.. 28 March 2025

Hutchison Vale Communlty Football Club SCIO
Report and Flnanclal Statements
Year ended 30 June 2024
CASH FLOWSTATEMENT FOR THE YEAR ENDED 30 JUNE 2024
2024
2023
Reconciliation of net income to net ¢a$h flow from
operating acuvltlgs
Net income l (lossl a$ per the SOFA
{514)
Adjustments for:
Depreciation
(Gain) on disposal of fixed asset
Retention eredilor expendrture
Ilncreasel I decrease in debtors
Increase l (decrease) in Creditors
Net cash provided by operating actlvitles
600
Cash flow￿ from investing acthrlti8s
Purchase of property, plant and equiprnent
Proceeds from sale of fixed assets
Net cash provlded by Investlng activities
Change In cash and cash equivalonts
86
Cash 8nd cash equivalents at the end of the reporting
period
86
The notes on pages 10 10 15 fom) part of Ihese financial stsIe￿ents.

Hutchlson V81e Communfty Football Club SCIO
Report and Financial Statements
Year ondgd 30 June 2024
NOTES TO THE FINANCIAL STATEmETr￿s FOR THE YEAR ENDED 30 JUNE 2024
PRINGIPAL ACCOUNTING POLICIES
Hul¢hison Vale Community Fwtball Club SCIO. which commen(xd operations on 1 Juty 2023, is a
Scottish Charitable Incorporated Organisation. The address of the offu registered with OSCR is given
on the legal and adminislralive information page and the nature of charity's operations and tls principal
activities are set out in the Report of the Trustees.
The financial statemen15 have been prepared in accordance with the Charities and Tnjslee Investment
Iscouandl Act 2005 and 'Accounling and Reporting by Charities". Statement of Recommended Practice
applicable to charities preparing Iheif accounts in accordance with Financkal Reporting Standards
applicable in the UK and Republic of Ireland IFRS 102}" effective 1 January 2015.
Hutchison Vale Community Football Club SCIO constilutes a publ￿ tenefil entity as defined by FRS102.
The presentational currency of these financial statements is GBP. The level of rounding is to the nearest
pound.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical
accounting eslimales. 11 also requires the truslees lo exercise judgement in apptying the charity's
accounting policies, as shown in note 2 below.
Going concern
The charity ha$ net assets of negative £514 and net Current assets ol negatNe £514. The trustees have
prepared financial forecasts to 30 June 2025. These projections denK>nstrale that the charity will be able
to meet all liabili1￿S as they fall due and therefote continue as a going concem.
b)
Income
Donations and similar income are induded in the year in which they are re￿1Vable. whi¢h is when the
charity becomes entitled. receipt is probable and the amount can be measured reliabty.
Investmer¢l income is credited to the Statement of Financial Activittes as due and i￿ludeS tsx deducted
or where appropriate. the imputed tax credits.
Donated goods and services are goods received for beneficiaries from charitable partners. Vwhere an
a¢¢urate value can be detemiined. gifts in kind are induded in the Statement of Financial Activities within
voluntary income at the Current retail value. They are also included wilhin charitable expenditure.
Expendlturé
All expenditure is induded on an accruals basis and is recognised where there is a legal or ¢onslruclive
obligation lo pay for expenditure.
Governance costs are charged di￿¢tty to Ihe Slaternenl of Financial Activiiies when in¢urred and consist
ol audit fees. Govemance costs will be allocated equalty actOSS faising funds and Charitable acb'vty
expenditure.
Support costs consist ofgeneral expendtture charged directty to the Stslemenl of Financial Activities when
incurred and staff costs that have been alIC￿ated based on percentage usage.
Costs of raising funds ¢onsist of syslemalic fvndrdising practitioner fees a5 well as wages. allocated in
line with the amount of time staff spent fundraising in the year.
10

Hutchlson Valo Community Football Club SCIO
Report and Financial Statements
Year ended 30 June 2024
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 l¢ontlnued)
PRINCIPAL ACCOUNTING POLICIES (continued)
d)
Tangible Fixed Assets
Fixed assets are included in the balallce sheet at cost. Depreciats"on is provided in the year in which the
fixed assets are brought into use. The rates of deprecialion used are calculated lo write off the cost of
the fixed asset, less their estimated residual value, over their expected useful lives on the following bases..
Land and Buildings
Fixtures and Equipment
Motor Vehides
2% strai9ht line (Centre only)
20% straighl line
20% straight line
Land and assets under conslructK)n are not depre¢iated.
Operating leases
Costs in respect of operating leases a￿ Charged lo the income and eX￿ndr(Ure account on a straight-
line basis over the lease term.
Cash and cash equivalents
Cash is represented by cash in hand and deposrts with financial inslilutions repayable wilhoul penalty on
nolKe of not more than 24 hours. Cash eqUNa￿nts are h￿hlY liquid investments that mature in no more
than three months from the dale of acquisitK)n and that are readily convertible to known amounts of cash
with insignificanl risk of change in value.
g)
Restrlcted funds
None al 30 June 2024.
h}
Designated funds
None al 30 June 2024.
Penslons
No pension scheme was used for the year ending 30 June 2024.
Financial instruments
Financial assets and financial liabilities are recognised when Hulchison Vale Community Football Club
SCIO becomes a paty lo the conlraclual piovisions of the instrument Hutchison Vale Community Football
Club SCIO only has financi81 assets and liabilities of a kind that qualify as basic financial instruments.
Financial assets held by HVCFC at 30 June 2024 are cash. Financial liabilities held by HVCFC al 30 June
2024 are accruals. These are all presented on the of the balan￿ sheet. Financial assets and
liabilities are MeaSu￿d al amortised cost.

Hutchlson Vale Communlty Foolball Club SCIO
Report and Financial Statements
Year ended 30 June 2024
2. JUDGEMENTS AND ESTIMATES
The preparation of these financial statements has required the tnjstees lo make judgements. estimates
and assumptions that affect the application of poI￿leS and reF)Orted amounts. The areas involving a
degree ofjudgemenl significant to the view given by these staiements are..
Tangible fixed assets are depreciated lo ￿ffeCt the LFse of the assets by the charity. Depreciation
is Calculated using the eslimaled useful economic life of the asset
Donated goods and Servi￿S- gifts in kind received by the charity have been valued at the current
retsil value.
3. INCOME
Unrestrlcted
Funds
Restrlcled
Funds
Totsl
2024
Totsl
2023
t)onalions
Subscriptions
Other incorne (gift aid)
Fundraising
Sponsorship
Total
1.221
83.623
2,115
2.753
100
1,221
83,623
2.115
2.753
100
89,812
89.812
EXPENDrruRE
Activities
undertaken
diro¢tty
Support
osts (note
4)
Total
2024
Total
2023
Rzising funds
Charitable activities
150
150
80,898
81.048
9,278
9.278
90.176
90,326
SUPPORT COSTS
Raising
funds
Charltable
activitles
Total
2024
Total
2023
Supporteost
Staff costs
Admin costs
Governance ￿st
9.278
9,278
Total
9,278
9.278
Governance costs comprise a¢wuntancy and iThJependent examinerfs fees
12

Hutchbon Vale Communlty Football Club SCIO
Report and Financial Statements
Year ended 30 June 2024
STAFF NUMBERS AND COSTS
2024
2023
Wages and salaries
Social security costs
Pension contributions
Total staff costs
The average number of employees during the year was O {2023- 0).
No remuneration was paid lo any Tnjstee. No Trustee receNed reimbursement of expenses for attending
meetings.
TANGIBLE FIXED ASSETS
Land &
Buildings
Flxtures &
Equipment
Motor
Vehlcles
Total
Cost
At 01 July 2023
Additions
Disposals
Transfer
At 30 June 2024
Depreclatlon
Al 01 July 2023
Charge for the year
Depreciation on disposal
At 30 June 2024
Net book value
At 30 July 2024
At 31 June 2023
8. DEBTORS
2024
2023
P￿payMeNts and accrued income
13

Hutchison Vale Community Football Club SCIO
Report and Financial Statements
Yoar ended 30 June 2024
CREDITORS: AMOUNTS FALLING DUE W￿H1N ONE YEAR
2024
2023
Other taxation and sttial security
Axruals and other creditors
10. RESTRICTED FUNDS
2024
2023
Fixed Assets
A description of each fund is dixlosed in note 1{9).
11. UNRESTRICTED FUNDS
Transfers
betwee
funds
At30
Jun¢
2023
Expendit
ure
At 30 June
2024
Income
General funds
89,812
90,326
(544)
12. ANALYSIS OF ASs￿s BETWEEN FUNDS
Total
Unrestricted Restricted
Funds
Funds
Total
Funds
2024
Total
Funds
2023
Fixed assets
Net Current assets
1514}
1514)
{514}
{S14)
14