(h•rfty reAlrtrntlon nUrnb•r5C051 ISEotl•ndl KIRKCUDBRIGHT COMMUNITY GOLF CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
KIRKCUDBRIGHT COMMUNITY GOLF CLUB LEGAL AND ADMINisfRATIVE INFORMATION Hilary Austi William Wats MaurKe Hallidav Jastair Millar Chnstwher Jones Da¥id Hall Charlty re8lstratlon Scotland SC053622 Indfrpendent •xarnlr J4nnifer MCDairnnt. FCA 26 HJRh Street Duvnfnes S Gallowav DG12
KIRKCUDBRIGHT COMMUNITY GOLF CLUB CONTENTS Trusta•s' r•p)rt Ind•p•nd•nt •xarnin*5 r•ptyi St•tement ol flnanthil B•l•nc• yhe Not•s to th• fin•nd•l tst•rn•nts 6-15
KIRKCUDBRIGHT COMMUNITY GOLF CLUB TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees present their annual report and finaThCl sthiennis for the year ended 30 SeptÈmbèr 2025. The financial statement5 have been prepared In accorfantÈ w%th tho accatsntin8 polc5 set out In note I to the financial stètèrnents and cornp with the charrty'5 enIng scUment. the cha£e$ and Trustee Investment (Scotlandl Act 2(X)5, the Chantres Accounts Istotlandl RÈgulatKns I6. FPS 102 "The Fifiancial ReportsnR siandard applitable In th• UK and Republic of Irdartd" and the Charities SORP"k£DuntinR and Reporting by Charities. Statement of Recornrnended Practyce applicable to chanties prepaririz their account5 In accordan wrth the Finanoal RepornnE srbnda¥d applicable In the UK and Republic trf 1r•land IFRS 1021. Our purpose. as recorded In our coTrstitution, 15-. The advancemeni of public PaftyCIPariOn Ill the Rame ¢f 8olf The provision of recreational facilities wrth the obJeth¥e of Iwnprovinz the cond¥tion5 ul lrfe forthe peFSOS for who the facilities or athvffjes are primarily IntÈndod. The trustees have paid due re¥Jrd to RUanCe 5ed by the Charrty Cornm15$th In detsdin8what a¢D¥rries the ¢hanty should undortak•. The summary of ¢ur main actiwties in relation toovrobiecvves.. Wor on our Social Media presence has be8un. Cost cutting opportunities wrthin thè organisation arÈ bèiw vigorou¥ oxplorod treasurer lan M£Cartnev. Erternal funding grant5 are b2ing Irweskngated by Rod MIA115ts1r. Fund Raising events ha been well supported, with more than of attendees corTring Irorn our widw cornrnunity. many who werè making their first visit to KCGC. Weexpanded our Buggy wrth attracDve dea15 to enc¢Jurage vnewnber5 to play longer. A¢hio¥errTrts •nd p•rtwm•rKe The main achievernen15 of the charity dufing the financial p2nod are Prornotion of physical and mental heahh by encourayr group events. I Cornwtions and Awav trips to other clubs) Fre021ng of subscripttonsfor all junior eolfers to Widèn appeal and involvement. Soeial event5 have ra15ed fvnds for the chaty arml Increased awarene55 of the Ilub ¢n the wider £vrnrnuntty. ProOeS the abilityto make grant applications. Fln•nd•l rtview ReservespolKV It is thè polity of the charity th vnrestrictedfijnds rkx been desvdnated lor a speofic use should be maintained at a lÈ¥èl equivaent t¢ between three and six rnonth'5 expenditure. The iN5tee5 consder ihai reserves at this le1 will ensur that. the e¥ent of a 51gnihcant drop In funding. they will be able to continue the charilvs cufrent actywtyes whil considÈrarort 15 given to way5 In which additTonal funds rnay be raised. Th15 le¥d of r•s•rvos has maintainèd throughout the year. Structurnp The ¢rustee5 who seryed durin8the year and upto the dale of %8nature of the finantial 3¢eMentS w*." Hilary ALtIn WillÈam Watson Mauri£0 HaIlay Alastair Millar Peter Roberts Chn5topherJone5 Damd Hall
KIRKCUDBRIGHT COMMUNrtY GOLF CWB TRUSTEE5' REPORT ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Recniitment and0ppo1ntnit0Jtntees The trustees aro voted on annualty at AGM. The trustee5' report was approved by the Board of Twstees. HilaryAu5tin TrLKt¢•
KIRKCUDBRIGHT COMMUNITY GOLF CWB INDEPENDE1 EXAMINER'S REPORT TO THE TRusfEES OF KIRKCU08RIGHT COMMUNITY GOLF CWB I report on the financial statements of the charrty forthe year •)ded 30 SeptrIr 2025, which are S out on pa8e$ 410 15. R•sp•¢tl¥er•swnslblllis•s of tru5ttts and Lvminer The charity'5 trustees are r•spon%ble for the preparation of the fiDanoal statemertS in actudance with the term5 of the Charitres and Trustee Invesiment 15c¢tlandl Att 2(M)S and the Charities Accounts IScotlanLII ReRulatith$ 20Cfi Thè charitv tfU5tee5 consider that the audii requirernent of Reeulation Iollllaklcl of Charrtios Accounts Ikotlandl Regulat5ons 26 does not apply. It Is my responsibility to thÈ financial staternents as required under seciion 44llllcl of the Charities and Truste Investment IS¢otlandl Act 21KJ5 and to ststè whethor Parricular matLÈrs have come to rny attention. Basls ol Ind•p•nd•nt uamln•rf5 Statemem My Èx3minatian is tarrièd Out In actordanc@ with RÈ8ulatiDn li of the Charities Accounts 15coilandl ReBulation5 26. An examinathon Include5 a review of the accounting recgrds kept by the thanty and a comparison of the linancial statements presented wrth those words. It also iTrclvdès consideratron of any untssLl rterns or d15c105Ufes In the financial sratements, and seeking eiplanations frotn the trvs¢ees ncernIn¢ arry such mtr$ The proceduros Undertaken do not prowdè all th evidence that wouk4 be required In an audiL and consequently I do noi express an audii on the view liven by the financial statements In thè course of my ÈM3min3tiart. rto mattèr has tome to my atthntitin . which 8ives rne reaSOnae cause to lIeve th* In any rnatenal respecr the ¥equireffjents". to ko&p accounlln8 records In accordanco wrth S•thon 44llllal of thè Charities and TruSto• Inve%tm•nt Iscotland Act 25 and ReguL4ty0rt 4 of the Charrries ktouftt51Scotlandl Re8ulaDon5 2CQ6. and to prepare financial staternent5 which accord with the accounting records and cornply with Reiulation 8 of tho Charitie5 Account5 Iscotlandl Regulaii¢Jn5 2 have not been met, or 2. to whith. in my opinn, attentiDn should be drawn in order to enable a proper under5tandin8 ofthe financ1 statements tD be reached. J•nmlf•r McDalrniwrt. FCA 26 HiRh sireet AThnan Dufflfrie5 & Gall(ywav DG12 Date".
KIRKCUDBRIGHT COMMUNITY GOLF CLUB srATEMEMf OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR ThE YEAR ENDED 30 SEPTEMBER 2025 Unrnstrfrt•d lunds 2025 Inwme and endowrnerbts Irorn.. Oonations and legacies Charitsble activthe5 Othertrading actiwlie5 InVeMnts Other income 170,692 144,118 4.752 I.L05 8,830 TWI Inmme 329.497 Expendttur• on.. Chantable arti¥e5 1410.784 Total exp•ndltur• 140,784 Pl•t ifK4¥fn• and mo¥•rn•rrt In fvnds 188.713 114eordllAii•n of fvnd Fund balanS at l October 2024 188,713 The 5taternent of financial actlvi15È5 includes all pins and losses retO8AisJ in the year. All Irtome and expenditure deriva from continuing activitiès.
KIRKCUDBRIGHT COMMUNITY GOLF CWB BALANCE SHEET ASAT30 SEPTEMBER 2025 zo Flx•d as1$ Tanwble a55ets Il4.172 Curr•nt U5•ts Stoc*s 15 Is Oebrors Caih atbank and In hand 4.058 97.796 102,634 128,0931 Cr•dllorn: •rnDunts falllr¥ du• wlthln ¥•Jr 17 N•t rr•Trt 74,541 70ts1 l••1 curr•ni Il•blll 188,713 Th• fundi ofih• tharlty Llnrestncted funds 19 108,713 188,713 16. 12:.2. Th• finan¢l¥l sw•m•nts w•r• •pwtMd byth• tyurt•rf on......... Hil•ry Ausdn Trum
KIRKCUDBRIGHT COMMUNITY GOLF CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER2025 Accountlng lkieS Chartty Irrforrnathn Kirkcudbn8ht Community Golf Club isa 5tottish Charrtable Incorporated OrRanisation ISCIOI. The addre55 of the principal office is Sterfin8 CTe5cent. Kirkcudbri8ht, DG6 4EZ. 1.1 Basts of preparathn Th• financial statements have been Qpared In a¢£C8[re th the chartty's governinl document. the Charthes and Tyustee Inve5trrFent Ikotlandl Acl 2CQS. the Charitie5 4ccounts Iscotlandl Regulations 2006. FKS 102 "Thè Fit)anCl Reportinz Standard applicable In the UK and Republic of Ireland" and the CharTties Y)RP"Aciountin$ and Reporting by Charities.. 5tatefflent of Recomrnended Practice applicabk to ¢hafffjes 9parIng their aolntS In accordance wsth the Financial Reportrng Standard applable ifi the UK and RepuNic of Ireland IFRS 1021. The tharity Is a publ Bènefit EntTty a5 defined by FRS 102. The charity has tsken advanta8e of the pro¥i5ions in the SORP for chariti@s Tt io PrTe a matemt of cash flows. The hnancwl staternenr5 arg prepared in st•rlirq, which t5 the lur•Ctional currency OF the tharty. Monetary amounts in these ftr•ancial statements afe rfided tothe teSt £. Th• financal 5taternents been preparèd rIder hi#ortsl co# ¢orryeNtion, Imgdthed to Indude the rwd1uayrI of Ireehold properbes and to Include Irhve5trnefit propertie5 and certain financial In5tnJrnents at fair valuel. The priTrcipal accounting polKS adopted aro set out bebw. 1.2 GDirytsinc•rn t the trrne of approwng the finanual 5tatErnefit5. the trustee5 have a Tea50nablE expertatK>n that the charity ha adequate resources to contirue in opefational ex15tence lor the foreseeable Iure. Thus the trustee5 uffttinue to ado the 8oinE concern basis ol accNn8 in Pfeparing tho ftnanctal ststements. 1.3 CharltalAe IuTds Unrestricted fund5 aTe3vailaL4e fE>r useat the dis¢thon of the tw#s Jn fvrtherance of thw charitable objectives. Restricted funds are subject to specffic conditrons ty donor5 L¥ grant0 a5 to how they rnay b2 used. The Durposes an uses of the restrirted funds ar@ sèt out in the rleS to the finanual staternents. Erth¥nnenthJnd5 xe 5ubprtto spEctficcLWKlrtiws by¢JoTh)rs thatthe cawal mun bo maintained bythe Charity. IA In(4Xn• Incorne 15 (Dnd when the thanty LS leKally entitb8d to rt aftqr arry pert0rrnaTh tdItI(¥$ haA boen mèt, th• amtyjnts can be measured reliaWy. and it is probablE that Incorne bE rerefftd. Cash donations are reco8ni5ed on reteipi. other donaii0Tr5 are reccnised once the thafity has ken notified of the donati(. unless pÈrformance condffions require deferr41 of the amount. Income tax recoveBble in relation tc onation5 weived under Gift AKI or deeds of covenartt is recognised at the time of the donation. Locacies are reccfnised on rEceFpt or otheTh4i5e rf the tharrty has beeTr notified of an ifflpendin8 dfftnbution, the amount Is known. and reIpt Is expected. IFthe amount 15 knLTrVD. the leKacy Is treated a5 a continpnt asset.
KIRKCUDBRIGHT COMMUNITY GOLF CWB NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 knuntini )licIeS Icortinuodl l.S ExPendUre Expèndituré Is recDinised once there is a 8?1 o¥ c0Tr5tructwe obli8ation 10 trnnsfer economic b•iefit to a third party. is pr¢bable that 3 transfer of economic benefits will rÈguir@d In settlem•nt. and the arnount of the obli8ation can be rneasured reliablv. Expenditure Is c13ss1fied by actrvity. Thè costs of each activity are madÈ up Df thÈ total of dIrt costs and shared cost5. Includinq support costs involved In UThdertaki each athvity. Direci cosis attrlburats to a 51ngle xtrvity are allocated directly to that 3ttvlty. SharÈd costs which contnbute to more than one and 5UPPOrt costs which are not attributable to a sinRle acDwty art appoffjoned between ¢host acti$ a basL% ¢on>stent With thè USÈ of rosourtès. ,Ceirtral staff costs are allocated on the ba51% of time sperit, and depreciarion tharRes are allocated on the portion of the psset's use. 1.6 T•ntibl•fiM a$ts Tanwble fixed assets are inithalty rneaSUd at CO and stsbsequentr measured at cost or valuation. net of depreciation nd any ITnpairTnent1055e5. 'Depreciation Is rewnised so as io wrsie off the Cost or valuation ol assets less their res¢dual ¥aleS o¥r their useful lives on the followine bases.. Freehold land and buildiS Oubhtyjse Tlacior and equipfflent JEgie5 Car Park N¢XleprerJated 4% Te(luorw baLirKe straight line 2 Strai lirbrt 4% ¢pdvtsnR balance redu0 bata 4% reduong balance Tractor Sh ¢gY shed The Zain or loss arising oft thè disposal of an asset ts determThed as the difvrence between the sale proceeds and th• carrying value of ihe ass. and Is rec(4nised In the 5ra1ement of financial artivrtie5. 1.7 lfflpalrrn•nt otftx•d •s•ts At each repomne end date. the charrty rewews the £arryiDrt arn(15 01 rtS tanwble assets to detemiine whether there Js an¥ Indication thai those assets have Suffered an irnpairment loss. If any such Indicatytsn exists. the recoverable @mount of the asset is estimated In order to determine the exter¥t of the impairmtnt1055 lif anyl. 1.8 Stocks Stocks are stated at the lower of cost and estimated sdline pre less costs ro cownpsete and Sell. Cost comprises direct rnatena15 and. where applicable. dirert labour co5t5 arml ¢h05e overheads that hav• been incufTÈd ift brin8inR the stocks to their ¥rE5ent locatron and cond0. Items held for diStributir>n at tits Or rbtsminal con5i¢Jeraiion are rneasured the lower of r•placèmÈnt cost and cost. Net rèalisablÈ ¥3lu Is the errirnated selling piic less all estimated of ¢ompleDon and costs to be incurred In rnarkètin& slliil8 aD¢J di5tribuuon. 1.9 Cash and 5h •qul¥al•ht Cash and tash equivalenr5 include cash In hand. depostts held at call with baThk5, Other shorFtÈTm liquid Investrnent5 with oriiinal maturities of three months or less. and bank 0rdraft5. Bank overdrafts are shown within irOwIng5 In urrent Iiabilitses.
KIRKCUDBRIGHT COMMUNITY GOLF CLUB NOTES TO THE FINANCIAL StATEMENTS ICONTINUEDI FOR THE YEAR ENDED 305EPTEM8ER 2025 AGwuntlr¥ polKle5 1.10 Flnanclal In5tNmerrt5 The charity has elÈttèd to appty the prow51$ of Section 11 'Ba5K Finanoal In#wments' arKI 5Ethon 12 '0ther Financwl InsEuments Issue5, of FRS 102 to all of Ft5 finanoal instrurnenis. Financial Instrument5 are recoRnised tn the charitrfs balance Sheet when the tharity bec¢)mes to the ¢ontrattual provisions of the ¥n5trymeDt. Financial a55et5 and lialitIeS are olFsot. wth the net amoufits presented In the financial statements. when there Is a legally enforceable nght to set off the reco8n15ed amount5 and there Is an Inteniion to settse on a net basis or to realise the asset and settle the liability simukaneously. BasK linancial assets. which Tnclude debtor5 and 5h and bank balances. are Initially meawred * rransactton prietr Including transaction costs aThd are wbsequentty carned at amornsed Cost using the effedive Inte5t rnethcd unle55 the arrangement constitutes a financing tyansacrion. where the transaction Is rneasured at the pre5ert value of rhe future receipts d4swutbtd at a Maet rate of Iniere5t. linancial ass•ts classified as reab wJthin one ¥ear are not amorti5ed. Basic linancial liabilitiès. Intludin8 creditor5 aThJ bank loan5 are initially reco8nisod at transaction unless the arrangement CQD5titutes a ftr¥ancinz transaction. where the debt inwument 15 rneasurEd at the presert value of the future payThents discounted at a market rate of irtterest. Finanuèl liabilitie5 classified as payale vAthin one Year are not m¢yDsed. Debt Instruments are subsèquently carrd at amorrised cost. tl effective Interest rate method. Tnde credito[5 are obligationsto pay fcr goDd5 orsemces that have been acquired Ir the Ordin course of 0ration frtsm supplier5. Arnounts payable are dasgfied a5 current1kn7bilities rf paymÈnt IS duè vMthin ane year or kss. If not. the are prosen1 as non-currÈTrt liabilities. Trade crediti$ are recognised initially at transaction price and subsequentl measured at amorDsed tost u51# the effecbve inlerest riiethoa. Financial liabiliti•s are d•reco8r$is 1hecharitS coTriractual obl4ations exwr• CY ar• discharged or G4ncan•d. I 1.11 Emplw• b•rffts The wst of any unused hdiday ntMerI1 is wognised ir the period In thè Èmpk>y's seTrice5 are receNed. Termination benefits are recoenised immediatety as an expense when ihe tharity 15 defflon5trably cornrnitted lerrninate the ernployment of an etnpl(Tr*t or to prOVe termination bfits. 1.12 Aetlrernent beneffts Payments to defined contribution retireffjent benefit xheme5 are charged as * expeTr5e as th falldue.
KIRKCUDBRIGHT COMMUNITY GOLF CWB NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEpfEM8ER 2025 In the applicallon of the charrty's accounting wlKies, the trustees are requirtd ¢¢ make iudgemonts. estirnates and assumptions about the carrytng amount of assots and lia11¢$ thai readily apparent from oiher sources. Thè pstrmates and associated assurnption5 are based on histon¢al empenence arld other factOTS that are considered to be relevant. Actual results may differ frorn thestImate$. The estirnates and underlyin8 3ssurnption5 are reviewed on an onKoinR ba515. Rew>ofts 1¢ accovntrng estimates are recogn15ed In the penod In which the estrmate Is revsed whère the revisKJn affecrs Only tha% periLYJ, or In The period of the rwsion and luturo nOdS where the re0 affpct5 tKSth curTent and future perd$. Income doftfjoNs •nd I•R•d•s UnTe51rirted Unr*rtty¢thd fur$ fvnd5 Z5 Donation5 and grfts 170,692 Inawnefrom charitable athit Unre5triGl4d UnrEStrf¢ted nds fvnds 1025 Sub5cnptions. Green Foes. BU£¢. Entry & Corn0 Caterinerent Voucher Income CoffEe rnathine and Machinery re 128.879 2.168 1,825 11.246 144,118 Unrestricted Urbr•sErlct•d fvfids 2025 fund5 Fundraisine Shop Incorne Sponsorships and xKrdl ltsttene5 L.810 782 2.1 Othertrddin¥ activities 4.752
KIRKCUDBRIGHT COMMUNtrY GOLF CLUB NOTES TO THE FINANCIAL STATEMEPITS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unr•strfct•d lund5 2025 Interest recèi1¢ 1.105 oihr Unre5tFlclqd UnreArfct•d fvnd5 lund5 2025 Other mislIano¥S irwme Exp•ndltur• chwltsbl• •¢tr•ttS•• Ch•rft•bl• 20 5raff eosts Depreciation and irnpairrnert Buw repairs and expeTrses Shopstock frjr resale Underlover tills aubhouse Uubhovse uthp aub cownwitions CoLwse expenditure Fundralsing eXprrture 63,850 8.455 2,127 828 13,187 14,376 3,945 33.362 139.958 Sh•re VF 5UPSIDrt •nd#•vewn•n¢•¢osts l¥• f91 5pport 676 150 140,704 lryfund Unrestricted fiJnd5 140,784 -10-
KIRKCUOBRIGHT COMMUNITY GOLF CLUB NOTES TO THE FINANCIAL sfATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 8•Trk ¢hary¥ Gov•rnarbC• cosrs 676 150 826 Chantable aCVViti•S 826 io P4•1 ma4m•nt In ldi 1015 Th• nrf rt70wm•nt In aft•f th•rprlIen¢j." fees pay•ble for the Independent exarnin•thn of th• dbanty's fm•ncwl mt•rn•n D•pr•ciathon of ¢iwn•d raN8lbl• fiA•d ass•ts 8,455 li Trurt••s Non• of the truxeeg P•$ conmeted wrth th•ml ny TrnrratIon w b•n•fits fr¢Yn th• th•rrty duln4 th• y••r. 12 Emplg¥••s h• av•r•i• monthly Thumb•r of thjriw th•y•ar was: Numb•r Emplym•nt ¢o•ts 1025 Ways and sal•rl•s Social 5•CUrtty costs other pension costs FAI.376 2.097 1,377 63,850 There were no emplo% whose anrwal Munrati was rnor• than £60.L 11
KIRKCUDBRIGTrff COMMUNITY GOLF CLUB NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30SEPTEM8ER 2025 13 T&wiiDn The eha¥ity is exernpt frorn iaxatiorl on tts acDvvo•s because all its incL¥ne is applied for charitable pu05*5. 12-
KIRKCUDBRIGHT COMMUNITY GOLF CLUB P40TES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 5EPTEMBER2025 14 TMIlle1lX IConiinu•dl 15 2025 Flnlth•d •nd qoods fDr r•5al• 16 0•th0 Am0uMIIIw du• wlthln on• y•ar. Trad• dgbtors 4.058 17 C1[tI'. amountstslllrydu• wtthSn on• y••r 2025 8orrowiny TAde <reditor5 Oth•rcrndito 8.868 11,088 8,137 28,093 20 Chary•tO WDftt orloss In r•sp•ct ol d•hr••d ¢OfttrllwUon i(h•m•% 1,377 The charity operates a defined <ontributtOn pensK)n herne tor all qualthin8 •rnpl¢ws. Th• ass ol th• schqrn• •r• h•ld s•paratly Irom those of the chariiy In an Ind•p•nd•Trt •d¢ninistered fund. 14-
KIRKCUDBRIGHT COMMUNITY GOLF CLUB NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 19 Unrutri¢tqd fvrnls The unrestricted funds of the chafrty comprise the urnempended balances of donation5 and 8rant5 whKh are not subjert to specific condthon5 by donors and 8Tan¢o¢s as to how thèy may be used. These brsdude de518nated funds wh*ch have en sèt aside out of unrestnctsd funds bythe t¥ustees speofii pulposes. I0{vI At30 •xpeThdedSert•fflb•r 2025 GEneral funds 329,497 1140.7841 188.713 Thère were nodisclosable rdaied party transathons dufirvd the year {- none). 15-