The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and “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).
The charity's objectives are:
the advancement of public participation in sport and, in particular, the promotion of participation by members of the public in Ayrshire in healthy sporting activities, including, but not limited to football;
the advancement of citizenship or community development and, in particular, the provision of support for community-based facilities and activities;
the provision of accessible sport and recreational facilities, or the organisation of sport and recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended;
the advancement of education in the community of Ayrshire by promoting, alone or in conjunction with others, football and other sports, literacy, numeracy, life skills, and social activities to a cross section of the community; and
the promotion of such similar charitable purposes, objects or institutions and in such proportions and manner as the Directors shall think fit.
The incoming resources for the year amounts to £812,744 (previous year: £398,872). This significant increase is due mainly to the capital grants fund received for the construction of a 9-a-side 3G football pitch and community facility.
Significant progress has been made towards both The Killie Community’s infrastructure and charitable activities in 2023/24.
Charitable activities
The charity has delivered a range of footballing and educational projects in every school in East Ayrshire, including many in North & South Ayrshire, with consistently strong feedback from young people and school staff. One new project for this year, using the excitement of Kilmarnock FC’s new away kit, is the STEM + Football programme run in partnership with Glaxo-Smith-Kline. Through a series of easy scientific experiments in-class, pupils have the chance to discover the important role penicillin plays in keeping all of us healthy while enjoying football with Killie coaches. 93% of young people said it has increased their interest in science.
Following blocks of school visits, pupils are signposted to local grassroots clubs and wider Killie Community programmes such as Kickers & Kids, which are affordable and accessible for families in SIMD1-3 deciles.
Across the financial period, in partnership with Kilmarnock FC, the charity distributed 3,061 free matchday experiences for families, of whom 81% came from a low-income household. 66% had never attended a Kilmarnock FC match before. Other beneficiaries of this project included care-experienced young people, ASN groups and charities, local boys and girl’s grassroots teams, residential homes and schools.
Killie Community Champions Awards, the charity’s inaugural awards ceremony, took place in August, where several local heroes were celebrated by the charity and football club. Hosted by Pat Nevin, more than 80 guests packed into Rugby Park’s 1869 Suite to pay tribute to the contribution of locals across the community as they picked up their honours. Nevin personally presented the awards which recognised achievements ranging from a selfless volunteer dedicated to supporting individuals with disabilities, to an inspirational one-woman wellbeing journey.
Our Wellbeing programmes continue to provide inclusive, welcoming groups for all ages, backgrounds, and circumstances, with up to 90 participants each Tuesday night at Rugby Park. Funded programmes such as the NHS’s Weigh To Go, SPFL Trust’s Football Fans in Training (FFIT) and a separate FFIT group in partnership with Prostate Scotland, all help local adults to feel fitter, happier and healthier together with similar, like-minded people.
One participant who decided to share his wellbeing journey publicly is Scott Montgomery. In August 2022, a young Kilmarnock FC fan, Ben Montgomery, passed away following his fight with cancer, aged just 20 years old. Using Ben as his inspiration, his father, Scott, took it upon himself to battle his own physical and mental health challenges. He has since turned his life “completely around” by graduating from 12-week cohorts in the above programmes, and by attending Killie’s Walk & Talk weekly. As well as the mental health benefits of participating and volunteering, Scott has also shared his incredible weight-loss journey as part of the successful case study: “Scott’s Story” which has since received over 186,000 views.
In the build-up to Christmas, the charity issued a call to action to Kilmarnock FC supporters and the local community for food and toiletry donations. In the week before Christmas, a record 400 food hampers were packed at The Killie Community Hub. These were then delivered in time for Christmas to families living in ‘absolute’ poverty, the local Women’s Aid, the Homelessness and Recovery Hubs of East Ayrshire and those that were referred to the charity such as older people living in social isolation. Alongside this initiative, the charity’s Trustees donated personalised gifts for 95 care-experienced young people who would otherwise go without on Christmas Day.
Between September and December, three of our female coaches undertook a course to obtain their UEFA C-Licence, by invitation of the Scottish FA. All three successfully passed the course and joined a selected number of female coaches across Scotland to hold this licence. The charity’s activities have benefited significantly from the development and upskilling of its coaches, and also from the addition this year of 3 coaches who currently play for Kilmarnock Football Club Women’s First Team.
The charity’s provision and support for local older people has grown exponentially with the addition of weekly Football Memories drop-ins, Killie’s Walk & Talk – a weekly health walk - and Killie’s Get Together – a continuation of the council funded ‘warm bank’ which takes place immediately after the walk. In addition, the Festive Friends Christmas Lunch welcomed 95 older people living in social isolation, or with dementia, along to the 1869 Suite at Rugby Park.
The charity’s holiday camps now run across all major school holidays, inviting dozens of young people to the Rugby Park campus. Young people from all across Ayrshire - around half of whom are referred for free spaces by schools, and the other half purchasing spaces - come along and enjoy football-themed activities while each day receiving a healthy lunch and learning about the importance of positive nutrition. Lunches are consistently supported by Cash for Kids, WG13 and the Scottish FA.
Since the addition of The Killie Community Hub at 11a Rugby Road, and as progress is made in renovating the site, we have been able to significantly increase our capacity of participants across our Camps and visits.
Infrastructure
The Killie Fitness Centre on Rugby Road, formerly Fitness Online, has been acquired by The Killie Community on a partnership lease agreement. This has allowed the charity to begin renovation works to create a hub where a number of existing and new programmes can be run from: ‘The Killie Community Hub’.
A call for local apprentices and pre-apprentices who wish to get involved in renovations as part of their employability was communicated, and works undertaken so far include painting, joinery works on the warped studio floor, plumbing works to fix the disabled toilet and electrical testing and re-wiring. The charity meanwhile received donations of sub-base and astroturf to transform the old gym room, and over £7,500 of furniture. Next steps include identifying funding to install environmentally friendly means of heating and powering the building, and officially opening the Community Hub.
Before opening, the Hub was hired by NHS Ayrshire & Arran to host a ‘Heart Health’ event which saw an incredible 710 people tested on the day. Some of the outcomes of the event include: 157 people found to have raised blood pressure of which they were unaware, 23 found with irregular heart rhythms, and 11 individuals referred to A&E as their results were sufficiently high.
In a consultative process that spanned over 9 months, The Killie Community were notified that their application to the Scottish FA and UK Government Dept. of Culture, Media & Sport’s Facilities Fund has been successful. The requested funds are to be used to future-proof the existing floodlights to a more energy-efficient LED system, and for the construction of a new astroturf pitch behind the Moffat Stand, which has been match-funded by The Killie Trust and by Kilmarnock FC. Completion of both projects is expected by the end of Summer 2024.
The National Lottery’s Community Fund being secured over 3 years is a welcomed addition as it allows the charity to plan growth more safely and securely over the next consecutive annual budgets.
Continued partnership funding this year from the Scottish FA, The SPFL Trust, NHS Ayrshire & Arran and the Alcohol & Drugs Partnership allows the charity to maintain the successful running of the health and wellbeing programmes available for local young people and adults.
Combining holiday programmes at Rugby Park with the opportunity for paid places to the camps has meant significant additional income at least 3 times per year. Revenue brought in from paid holiday camp places, and through paid subscriptions each month to health & wellbeing programmes, allows for the continued running of these programmes as well as a healthy bank of unrestricted funding for use across the charity’s facilities.
Fundraising events account for just over 5% of funding and therefore we are exploring the formation of a fundraising committee to continue to grow this funding stream.
The reserves policy of the charity remains that the charity should aim to have unrestricted funds, which have not been designated for a specific use, maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This policy has helped the charity in earlier years when funding dropped and gave trustees time to react and aim to get reserves back to this level as soon as possible. The trustees are committed to the success of the charity and are confident the future will be successful.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The charity is a company limited by guarantee incorporated on the 21st August 2015. Charitable status was awarded on the 8th September 2015 by The Office of the Scottish Charity Regulator (OSCR).
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
The KCST was founded to engage the Ayrshire district and educate them on the benefits of sport and healthy well being. The original trustees, were the original members of the proposed charity. They were appointed because they contribute something to the existing relationships the KCST had with partners and they have a very good local knowledge of the sport and health sector. Since then there has been one resignation and four appointments, strengthening the numbers and knowledge available to the charity. New trustees, like all other are subject to a vetting process and they will be a significant figure in the local community.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The Charity has a Board of 7 who meet regularly with the Charity Manager to discuss the progress, make the key decisions and formulate a strategy for the future.
In between meetings the Charity Manager has the responsibility to ensure all projects are delivered and the targets reached by using the 7 other employees (Community officer, coaches and admin team) along with various sessional coaches to organise and progress the commitments expected through the projects.
McDougall Johnstone Limited were appointed as auditor to the company and a resolution proposing that they be re-appointed will be put at a General Meeting.
The report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.
The trustees' report was approved by the Board of Trustees.
The trustees, who are also the directors of The Kilmarnock Community Sports Trust for the purpose of company law, are responsible for preparing the Trustees' Report 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Opinion
We have audited the financial statements of The Kilmarnock Community Sports Trust (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and
the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:
adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.
As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
We have been appointed as auditor under Chapter 3 of Part 16 of the Companies Act 2006 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Acts and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charity’s trustees, as a body, in accordance with regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body,and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The Kilmarnock Community Sports Trust is a private company limited by guarantee incorporated in Scotland. The registered office is Rugby Park, Kilmarnock, Ayrshire, KA1 2DP, Scotland.
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future due to the continued financial support of The Kilmarnock Football Club Limited. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Grants receivable are credited to the Statement of Financial Activities (SOFA) in the year in which they are awarded, providing entitlement, probability and measurement can be confirmed.
Expenditure other than that which has been capitalised in included on an accruals basis (inclusive of VAT) and is recognised when there is a legal or constructive obligation to pay the expenditure.
Expenditure on charitable activities are deemed expenditure that relates to the charity fulfilling its charitable objectives. This is split on a direct and support cost basis.
Governance costs are deemed expenditure for statutory responsibilities.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Mini Kickers/School camps and parties/Development Academy/Coaches courses
Performance related grants
Internal Fundraising events
Self Employed Coaches
Hire of Facilities
Sundry Expense Claims
Catering costs
Equipment
Accessories
Ladies Team
Sundry costs
Donations and distributions
The average monthly number of employees during the year was:
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
The charity owns 163,483 shares in The Kilmarnock Football Club Limited. These shares were gifted to the charity by Billy Bowie and Michael Johnston in 2014 during a financial re-structuring that saw the club become debt free.
The share numbers represent approximately 2.7% of the issued share capital of the club and have a par value of £163,483. The trustees feel there is no ready market for the shares and with little expectation of dividends or potential for sale they have deemed the fair value of the shares to be £1 to avoid any overstatement of assets.
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
The SVCO income was to purchase iPads to be used for charitable activities. The balance of the asset has now been written down to £nil
The Robertson Trust income was used to fund the salary costs of the community support officer.
The NHS Weigh To Go programme is a series of 12-week programmes for local men and women to meet at Rugby Park to lose weight, learn about nutrition and find peer support in order to manage their physical and mental wellbeing. The NHS’s funding supports resources, venue hire and staff time as well as training.
The Alcohol & Drugs Partnership supports The Killie Community’s recovery work at Rugby Park and across Ayrshire, supporting a group of local men in recovery from addiction to maintain an active, healthy lifestyle with positive role models and access to local services that benefit their journey through recovery.
The SFPT Nutrition programme, otherwise known as Fitba First, funds the educational element to The Killie Community’s holiday camps at Rugby Park. The SFPT provide the means to deliver first aid education and nutritional advice to young people and families who are invited to any of the charities’ Easter, Summer or October camps.
The SFA funding for the floodlights and 9 a-side pitch was donated to The Kilmarnock Football Club Limited in accordance with funder expectations.
The CVO funding for the Health Programme 'Healthy Dads, Healthy kids' will be completed in the next financial year.
The National Lottery, SFA and EAC income are all used to fund the salary costs of the community support officers.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
During the year the Trust made a donation of £211,192 to The Kilmarnock Football Club Limited to assist in the upgrading of the Clubs Floodlights.
During the year the Trust paid Coaches Wages Costs of £228,297 for The Kilmarnock Football Clubs Academy Programme.
The Kilmarnock Football Club Limited paid the Trust £209,098 (2023 - £180,198) and provided benefits of £19,199 towards the costs of the Academy Wages Costs as detailed above.
Included within debtors is a balance due from The Kilmarnock Football Club Limited of £70,000 (2023:£70,000).
A number of Trustees of of the Trust have a significant influence over the Trust and The Kilmarnock Football Club Limited and the Trustees believe these transactions should be disclosed.