THE KILMARNOCK COMMUNITY SPORTS TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Company Registration No. SC513695 (Scotland)
Charity Registration No. SC045968 (Scotland)
THE KILMARNOCK COMMUNITY SPORTS TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs Phyllis Carroll
Mrs Mandy Bowie
Mrs Cathy Jamieson
Mrs Morean Hamilton
(Appointed 16 April 2024)
Dr Alyson Evans
(Appointed 23 July 2024)
Mr Iain Greer
(Appointed 3 September 2024)
Mr Jordan Allison
(Appointed 12 November 2024)
Ms Jennifer Anderson
(Appointed 7 November 2024)
Charity number (Scotland)
SC045968
Company number
SC513695
Principal address
Rugby Park
Kilmarnock
Ayrshire
Scotland
KA1 2DP
Registered office
Rugby Park
Kilmarnock
Ayrshire
Scotland
KA1 2DP
Auditor
McDougall Johnstone Limited
Chartered Certified Accountants
280a St Vincent Street
Glasgow
G2 5RL
Accountants
Dains
Accountants
30 Miller Road
Ayr
Ayrshire
KA7 2AY
Bankers
Virgin Money
Glasgow Business and Private Banking Centre
3rd Floor
30 St Vincent Place
Glasgow
G1 2HL
THE KILMARNOCK COMMUNITY SPORTS TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Solicitors
Shepherd & Wedderburn LLP
1 Exchange Crescent
Conference Square
Edinburgh
EH3 8UL
THE KILMARNOCK COMMUNITY SPORTS TRUST
CONTENTS
Page
Trustees' report
1 - 5
Statement of trustees' responsibilities
6
Independent auditor's report
7 - 9
Statement of financial activities
10
Balance sheet
11
Notes to the financial statements
12 - 23
THE KILMARNOCK COMMUNITY SPORTS TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

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).

Objectives and activities

The charity's objectives are:    

 

Achievements and performance
Significant activities and achievements against objectives

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.

 

THE KILMARNOCK COMMUNITY SPORTS TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

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.

THE KILMARNOCK COMMUNITY SPORTS TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

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.

Financial review

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.

 

Reserves policy

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.

Major risks

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.

Structure, governance and management

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 KILMARNOCK COMMUNITY SPORTS TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -

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:

Mrs Phyllis Carroll
Mrs Mandy Bowie
Mr Ross Mathie
(Resigned 5 March 2024)
Mrs Jane Ballantyne
(Resigned 22 February 2024)
Councillor Jim Todd
(Resigned 9 August 2023)
Mrs Cathy Jamieson
Mrs Catherine Sneddon
(Resigned 8 February 2024)
Ms Gillian Grant
(Appointed 1 October 2023 and resigned 9 November 2023)
Mrs Morean Hamilton
(Appointed 16 April 2024)
Dr Alyson Evans
(Appointed 23 July 2024)
Mr Iain Greer
(Appointed 3 September 2024)
Mr Jordan Allison
(Appointed 12 November 2024)
Ms Jennifer Anderson
(Appointed 7 November 2024)
Recruitment and appointment of trustees

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.

Organisational structure

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.

Auditor

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 KILMARNOCK COMMUNITY SPORTS TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

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.

Mrs Phyllis Carroll
Mrs Cathy Jamieson
Trustee
Trustee
31 January 2025
THE KILMARNOCK COMMUNITY SPORTS TRUST
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -

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.

THE KILMARNOCK COMMUNITY SPORTS TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS AND TRUSTEES OF THE KILMARNOCK COMMUNITY SPORTS TRUST
- 7 -

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:

-

give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).

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.

Conclusions relating to going concern

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.

THE KILMARNOCK COMMUNITY SPORTS TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS AND TRUSTEES OF THE KILMARNOCK COMMUNITY SPORTS TRUST
- 8 -

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.

Matters on which we are required to report by exception

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

-
certain disclosures of trustees' remuneration specified by law are not made; 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.

Responsibilities of trustees

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.

Auditor's responsibilities for the audit of the financial statements

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.

THE KILMARNOCK COMMUNITY SPORTS TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS AND TRUSTEES OF THE KILMARNOCK COMMUNITY SPORTS TRUST
- 9 -

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.

Use of Our 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.

Ian McDougall (Senior Statutory Auditor)
for and on behalf of McDougall Johnstone Limited
31 January 2025
Chartered Certified Accountants
Statutory Auditor
280a St Vincent Street
Glasgow
G2 5RL
THE KILMARNOCK COMMUNITY SPORTS TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
263,715
-
263,715
256,307
-
256,307
Charitable activities
4
188,414
339,699
528,113
87,378
30,401
117,779
Other trading activities
5
20,673
-
20,673
24,546
-
24,546
Investments
6
273
-
273
240
-
240
Total income
473,075
339,699
812,774
368,471
30,401
398,872
Expenditure on:
Raising funds
7
8,962
-
8,962
1,250
-
1,250
Charitable activities
8
416,742
335,684
752,426
387,330
25,299
412,629
Total expenditure
425,704
335,684
761,388
388,580
25,299
413,879
Net income/(expenditure) and movement in funds
47,371
4,015
51,386
(20,109)
5,102
(15,007)
Reconciliation of funds:
Fund balances at 1 April 2023
45,684
5,120
50,804
65,793
18
65,811
Fund balances at 31 March 2024
93,055
9,135
102,190
45,684
5,120
50,804

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
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 11 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
14
25,614
7,767
Investments
15
1
1
25,615
7,768
Current assets
Debtors
16
76,850
73,745
Cash at bank and in hand
31,993
5,316
108,843
79,061
Creditors: amounts falling due within one year
17
(32,268)
(36,025)
Net current assets
76,575
43,036
Total assets less current liabilities
102,190
50,804
The funds of the charity
Restricted income funds
19
9,135
5,120
Unrestricted funds
93,055
45,684
102,190
50,804
The financial statements were approved by the trustees on 31 January 2025
Mrs Phyllis Carroll
Mrs Cathy Jamieson
Trustee
Trustee
Company registration number SC513695 (Scotland)
THE KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
1
Accounting policies
Charity information

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.

1.1
Accounting convention

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.

1.2
Going concern

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.

1.3
Charitable funds

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.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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.

1.5
Expenditure

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.

THE KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 13 -

Governance costs are deemed expenditure for statutory responsibilities.

1.6
Tangible fixed assets

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:

Plant and equipment
15% straight line
Fixtures and fittings
15% straight line
Computers
33% straight line
Motor vehicles
15% straight line

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.

1.7
Fixed asset investments

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.

1.8
Impairment of fixed assets

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).

1.9
Cash and cash equivalents

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.

1.10
Financial instruments

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

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.

THE KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 14 -
Basic financial liabilities

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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11
Employee benefits

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.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

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.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
263,715
256,307
THE KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
(Continued)
- 15 -
Donations and gifts
Aviva Community Fund
-
3,698
Supporter donations
1,728
25,005
Santander Kilmarnock & Ayr
2,500
2,500
Atrium Homes
1,000
-
Persimmon
5,000
-
Bonnyton Thistle
5,585
-
External Fundraising
37,994
44,906
Kilmarnock Football Club - Academy Support
209,908
180,198
263,715
256,307
4
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Charitable Community Programmes

Mini Kickers/School camps and parties/Development Academy/Coaches courses

90,033
-
90,033
35,986
-
35,986

Performance related grants

98,381
339,699
438,080
51,392
30,401
81,793
188,414
339,699
528,113
87,378
30,401
117,779
THE KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
4
Income from charitable activities
(Continued)
- 16 -
Performance related grants analysis
Charitable Community Programmes
Charitable Community Programmes
2024
2023
£
£
Salary Contribution - SFA/EAC/Impact Funding
69,987
43,956
Memories / Get together - EAC
4,700
1,468
Ayrshire College/Robertson Trust/Tesco
-
11,425
Football Fans in Training - SPFL Trust
21,340
-
Community Support Officer - National Lottery
45,000
-
Alcohol & Drugs Partnership
9,759
10,241
Catering - Cash for Kids
4,385
5,343
Weigh to go programme - EAC
16,860
9,360
Kilmarnock Football Club - DCMS Facilities SFA
211,192
-
SFA/EAC Partnership payments
25,750
-
Wellbeing and Employability programmes - CVO
13,955
-
Football Programmes/Camps funding - SFA/EAC
11,800
-
Other programme funding
3,352
-
438,080
81,793
5
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£

Internal Fundraising events

20,673
24,546
6
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
273
240
THE KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 17 -
7
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Staging fundraising events
8,962
1,250
8
Expenditure on charitable activities
Charitable Community Programmes
Charitable Community Programmes
2024
2023
£
£
Direct costs
Staff costs
387,254
297,164
Depreciation and impairment
5,324
4,765

Self Employed Coaches

85,270
61,356

Hire of Facilities

20,284
13,392

Sundry Expense Claims

3,042
5,845

Catering costs

5,475
6,492

Equipment

5,729
5,496

Accessories

1,328
-

Ladies Team

332
2,150

Sundry costs

11,363
6,560

Donations and distributions

211,192
1,350
736,593
404,570
Share of support and governance costs (see note 9)
Support
13,713
5,239
Governance
2,120
2,820
752,426
412,629
Analysis by fund
Unrestricted funds
416,742
387,330
Restricted funds
335,684
25,299
752,426
412,629
THE KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 18 -
9
Support costs allocated to activities
2024
2023
£
£
Bookkeeping, software and payroll costs
10,862
2,556
Sponsorship and donations
20
16
Disclosure costs
90
-
Insurance
-
1,279
Training costs
244
-
Charity event
-
1,388
Sundry costs
2,497
-
Governance costs
2,120
2,820
15,833
8,059
Analysed between:
Charitable Community Programmes
15,833
8,059
10
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
5,324
4,765
11
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
12
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Management and Administration
3
3
Coaching Engagement
1
1
Coaching/Academy
21
19
Total
25
23
THE KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12
Employees
(Continued)
- 19 -
Employment costs
2024
2023
£
£
Wages and salaries
356,625
278,353
Social security costs
19,984
15,060
Other pension costs
10,645
3,751
387,254
297,164
There were no employees whose annual remuneration was more than £60,000.
13
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2023
24,240
1,404
1,800
6,071
33,515
Additions
23,100
-
-
-
23,100
At 31 March 2024
47,340
1,404
1,800
6,071
56,615
Depreciation and impairment
At 1 April 2023
19,153
1,124
1,800
3,600
25,677
Depreciation charged in the year
4,213
211
-
900
5,324
At 31 March 2024
23,366
1,335
1,800
4,500
31,001
Carrying amount
At 31 March 2024
23,974
69
-
1,571
25,614
At 31 March 2023
5,087
280
-
2,400
7,767
THE KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 20 -
15
Fixed asset investments
Unlisted investments
£
Cost or valuation
At 1 April 2023 & 31 March 2024
1
Carrying amount
At 31 March 2024
1
At 31 March 2023
1

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.  

16
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and other debtors
76,850
73,745
17
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
22,017
21,068
Trade creditors
3,506
1,141
Other creditors
-
1,069
Accruals and deferred income
6,745
12,747
32,268
36,025
18
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
10,645
3,751

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 KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 21 -
19
Restricted funds

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.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
Cash for Kids Catering
-
4,385
(4,385)
-
Alcohol & Drugs Partnership
5,120
-
(5,120)
-
SFA - KFC Floodlights and 9 a-side pitch
-
211,192
(211,192)
-
CVO - Health Programme
-
9,135
-
9,135
National Lottery - Community Support Officers
-
45,000
(45,000)
-
SFA - Community Support Officers
-
41,604
(41,604)
-
EAC - Community Support Officers
-
28,383
(28,383)
-
5,120
339,699
(335,684)
9,135
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
SVCO contribution to Ipad purchase
18
-
(18)
-
Robertson Trust Community Officer
-
7,500
(7,500)
-
NHS Weight to Go
-
9,360
(9,360)
-
Alcohol & Drugs Partnership
-
10,241
(5,121)
5,120
SFPT - Nutrition Programme
-
3,300
(3,300)
-
18
30,401
(25,299)
5,120
THE KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19
Restricted funds
(Continued)
- 22 -

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.

 

 

20
Unrestricted funds

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.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
General funds
45,684
473,075
(425,704)
93,055
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
General funds
65,793
368,471
(388,580)
45,684
THE KILMARNOCK COMMUNITY SPORTS TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 23 -
21
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
25,614
-
25,614
Investments
1
-
1
Current assets/(liabilities)
67,440
9,135
76,575
93,055
9,135
102,190
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 March 2023:
Tangible assets
7,767
-
7,767
Investments
1
-
1
Current assets/(liabilities)
37,916
5,120
43,036
45,684
5,120
50,804
22
Related party transactions

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.

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