REGISTERED COMPANY NUMBER: CS007419 (Scotland) REGISTERED CHARITY NUMBER: SC054065
Report of the Trustees and
## Unaudited Financial Statements
for the period 17th March 2025 to 30th September 2025 Kelso Laddies Association SCIO
Kelso Laddies Association SCIO
## Contents of the Financial Statements for the period 17th March 2025 to 30th September 2025
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|Page|
|Report of the trustees|1|to|3|
|Independent|examiner's|report|4|
|Statement of financial|activities|5|
|Balance|sheet|6|to|7|
|Notes|to the|financial|statements|8|to|11|
|Detailed|statement of financial|activities|12|to|43|
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## Kelso Laddies Association SCIO (Registered number: CS007419)
## Report of the Trustees for the period 17th March 2025 to 30th September 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 17th March 2025 to 30th September 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).
## Incorporation
The charitable company was incorporated on 17th March 2025 and commenced trading on the same date.
## Objectives and activities
## Objectives and aims
The charitable organisation's purposes are the advancement of citizenship or community development through; promoting and upholding the heritage and traditions of Kelso Civic Week; organising events and activities relating to Civic Week; and working with the Ex-Kelso Laddies Club, who elect the Kelso Laddie, in furtherance of the purposes.
## Volunteers
The trustees of the Charitable Company consist entirely of volunteers.
The trustees are indebted to the donors who have been so generous in providing support for the Civic Week events. The trustees would also like to record their thanks to The National Lottery Community Fund for the grant they received during the period.
The trustees are also very grateful to the local community for the continued support and assistance which it gives to the Kelso Laddies Association.
## Financial review
## Financial position
During the period the charitable company produced a surplus of £644 in it's unrestricted fund.
## Reserves policy
The trustees aim to have unrestricted reserves equal to one year's expenditure. Based on the 2025 results this would be a figure of £68,496. Reserves at 30 September 2025 equalled £54,006 so the charitable company is slightly below it's target.
## Future plans
It is the trustees intention to hold Kelso Civic Week again in July 2026.
## Structure, governance and management Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## Organisational structure
The structure of the charitable organisation consists of the members and the board of trustees.
The board of trustees hold regular meetings and generaily control the activities of the charitable organisation. There is to be a minimum of three trustees with a maximum of forty allowed. At ieast one trustee must be an Ex Kelso Laddie.
The board of trustees must elect a president, a chair, a treasurer and a secretary.
## Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## Principal activity
The principal activity of the charitable company is to organise and run Kelso Civic Week.
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## Kelso Laddies Association SCIO (Registered number: CS007419)
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Report of the Trustees
for the period 17th March 2025 to 30th September 2025
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Reference and administrative details Registered Company number CS007419 (Scotland)
Registered Charity number $C054065
Registered office Braeside Wallaceneuk Kelso Roxburghshire TD5 BBR
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In accordance with the Constitution, all trustees will retire at the Annual General Meeting, and being eligible, will stand for re-election.
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eee Examiner
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Rennie Welc Academy House Shedden Park Road Kelso Roxburghshire TDS 7AL
Statement of trustees’ responsibilities The trustees (who are also the directors of Kelso Laddies Association SCiO for the purposes of company law) are responsible for preparing the Report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable taw). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- - observe the methods and principies in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company wil! continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are aiso responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Kelso Laddies Association SCIO (Registered number: €$007419)
## Report of the Trustees for the period 17th March 2025 to 30th September 2025
Approved by order of the board of trustees on 14th November 2025 and signed on its behalf by:
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## Independent Examiner's Report to the Trustees of Kelso Laddies Association SCIO (Registered number: CS007419}
Independent examiner's report to the trustees of Kelso Laddies Association SCIO (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the period 17th March 2025 to 30th September 2025.
Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2014 Act.
independent examiner's statement | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
| have no concerns and have come across no other matters in connection with the examination to which attentionshould be drawn in this report in order to enable a proper understanding of the accounts to be Rennie Welch| |
Academy House
Shedden Park Road Keiso Roxburghshire TD5 7AL
14th November 2025
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## KelsoAssociationLaddies SCIO
Statement of Financial Activities for the period 17th March 2025 to 30th September 2025
||||Unrestricted|Restricted|Totai|
|---|---|---|---|---|---|
||||fund|fund|funds|
|||Notes|£|£|£|
|Income and endowments|from|||||
|Donations and legacies|||7,617|-|7,617|
|Charitable activities|.|||||
|Keiso CivicWeek|mo||51,927|10,000|61,927|
|Othertrading activities||2|1,607|-|1,607|
|Investment income||3|225|-|225|
|Total|||61,376|10,000|71,376|
|Expenditure on||||||
|Raising funds|||624|-|624|
|Charitable activities||||||
|Kelso Civic Week|||50,462|7,018|57,480|
|Other|||9,646|746|10,392|
|Total|||60,732|7,764|68,496|
|NETINCOME|||644|2,236|2,880|
|Reserves transferredfrom Kelso Laddies||9|51,126|-|51,126|
|Association||||||
|Netmovement infunds|||51,770|2,236|54,006|
|Totalfundscarriedforward|||51,770|2,236|54,006|
The notes form part of these financial statements
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## Kelso Laddies Association SCIO (Registered number: CS007419)
## Balance Sheet
## 30th September 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|
|fund|fund|funds|
|Notes|£|£|£|
|Fixed|assets|
|Tangible|assets|6|4,034|2,236|3,270|
|Current|assets|
|Debtors|7|91|-|91|
|Cash|at bank|51,645|-|51,645|
|51,736|-|51,736|
|Creditors|
|Amounts|falling|due within|one year|8|(1,000)|-|(1,000)|
|Net current assets|50,736|-|50,736|
|Total assets|less|current|liabilities|51,770|2,236|54,006|
|NET ASSETS|51,770|2,236|54,006|
|Funds|9|
|Unrestricted|funds|51,770|
|Restricted funds|2,236|
|Total funds|54,006|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2025.
The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.
- The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial staternents, so far as applicable to the charitable company.
The notes form part of these financial statements Page 6
continued...
Kelso Laddies Association SCIO (Registered number: CS007419)
## Balance Sheet - continued 30th September 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the smail companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14th November 2025 and were signed on its behalf by:
The notes form part of these financial statements
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Kelso Laddies Association SCIO
Notes to the Financial Statements
1. Accounting policies
## for the period 17th March 2025 to 30th September 2025
Basis of preparing the financial statements The financial statements of the charitable company, 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 Companies Act 2006. 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.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognized when the charitable company has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Donations are recognised when the charitable company has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require[a][level][of] performance before the charitable company is entitled to the funds, the income is deferred and not recognized until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charitable company and it is probable that those conditions will be fulfilled In the reporting period.
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.
Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## Fixtures, fittings and equipment
- 25% on cost
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
## Taxation
The charity is exempt from corporation 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.
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Kelso Laddies Association SCIO
## Notes to the Financial Statements - continued
## for the period 17th March 2025 to 30th September 2025
## 1. Accounting policies - continued
## Financial instruments
The following assets and liabilities are classified as financial instruments - accruals.
Accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Financial Activities.
## Going concern
The trustees have considered the charitable company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
,
## Cash arid Gash equivalents
Cash and cash equivalents comprise cash on hand and money held in bank accounts.
|2.|Othertrading activities||
|---|---|---|
|||£|
||Fundraising events|772|
||Merchandise sales|835|
|||1,607|
|3.|investment income||
|||£|
||Deposit account interest|225|
|4,|Net income/(expenditure)||
||Net income/(expenditure) is stated after charging/(crediting):||
|||£|
||Depreciation-ownedassets|1,091|
## 5, Trustees’ remuneration and benefits
There were no trustees’ remuneration or other benefits for the period ended 30th September 2025.
## Trustees’ expenses
There were no_ trustees’ expenses paid for the period ended 30th September 2025.
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Kelso Laddies Association SCIO
## Notes to the Financial Statements - continued for the period 17th March 2025 to 30th September 2025
## 6. Tangible fixed fixed assets
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Tangible fixed fixed|assets|Fixtures,|
|fittings|
|and|
|equipment|
|£|
|Cost|
|Additions|4,361|
|Depreciation|
|Charge|for year|1,094|
|Net|book|value|
|At 30th September 2025|3,270|
|7.|Debtors:|amounts falling due within one year|£|
|Prepayments|91|
|8.|Creditors: amounts falling|due within one year|£|
|Accrued|expenses|1,000|
|9.|Movement|in|funds|
|Reserves|
|transferred|
|Net|from|Keiso|
|movement|Laddies|At|
|in|funds|Association|30.9.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|644|51,126|51,770|
|Restricted|funds|
|Civic Week|fund|2,236|-|2,236|
|TOTAL|FUNDS|2,880|51,126|54,006|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|61,376|(60,732)|644|
|Restricted|funds|
|Civic Week fund|10,000|(7,764)|2,236|
|TOTAL FUNDS|71,376|(68,496)|2,880|
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The balance on restricted funds at 17th March 2025 is made up as follows:
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Kelso Laddies Association SCIO
Notes to the Financial Statements - continued for the period 17th March 2025 to 30th September 2025
## 9. Movement in funds - continued
Civic Week fund - this fund arose from a grant received. The fund is to be used to support events taking place during Kelso Civic Week.The fund balance is represented by tangible fixed assets.
## 10. Related party disclosures
There were no related party transactions for the period ended 30th September 2025.
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## Kelso Laddies Association $CIO
|Detailed Statement ofFinancial Activities|Detailed Statement ofFinancial Activities|||
|---|---|---|---|
|forthe period 17th March 2025to 30th September2025
Unrestricted
funds||2025
Restricted
funds|Total
funds|
||£|£|£|
|Income and endowments||||
|Donations and legacies
Donations
Subscriptions|4,475
3,142|-
~|4,475
3,142|
||7,617|~|7,617|
|Othertrading activities
Fundraising events
Merchandise sales|772
835|-
-|772
835|
||1,607|-|1,607|
|Investment income
Depositaccountinterest|225|-|225|
|Charitable activities
CivicWeekevents income
Grants|51,927
-|-
10,000|51,927
10,000|
||51,927|10,000|61,927|
|Totalincoming resources|61,376|10,000|71,376|
|Expenditure||||
|Othertrading activities
Merchandise purchases|624|-|624|
|Charitable activities
CivicWeekeventsexpenses|50,462|7,018|57,480|
|Support costs||||
|Management
Insurance
Stationery, printingand advertising
Sundries
Depn offixtures, fittings and equipment|947
1,389
1,872
345|-
-
-
746|947
1,389
1,872
1,091|
||4,553|746|5,299|
|Finance
Bankcharges|13|-|13|
|Governance costs
Accountancyfee
Legaland professional fees|1,000
4,080|-
-|1,000
4,080|
||5,080|-|5,080|
This page does not form part of the statutory financial statements
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## Kelso Laddies Association SCIO
Detailed Statement of Financial Activities for the period 17th March 2025 to 30th September 2025
||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||£|£|£|
|Total resources expended|60,732|7,764|68,496|
|Netincome|644|2,236|2,880|
This page does not form part of the statutory financial statements
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