IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.7.23 30.6.24 30.6.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2860362023-06-30SC2860362024-06-30SC2860362023-07-012024-06-30SC2860362022-06-30SC2860362022-07-012023-06-30SC2860362023-06-30SC286036ns0:CharitableCompanyLimitedByGuarantee2023-07-012024-06-30SC286036ns15:PoundSterling2023-07-012024-06-30SC286036ns11:FRS1022023-07-012024-06-30SC286036ns11:IndependentExaminationCharity2023-07-012024-06-30SC286036ns11:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC286036ns11:FullAccounts2023-07-012024-06-30SC286036ns11:CharitiesSORP2023-07-012024-06-30SC286036ns16:EnglandWales2023-07-012024-06-30SC286036ns11:RegisteredOffice2023-07-012024-06-30SC286036ns0:Trustee22023-07-012024-06-30SC286036ns0:Trustee32023-07-012024-06-30SC286036ns0:Trustee12023-07-012024-06-30SC286036ns0:Trustee42023-07-012024-06-30SC286036ns11:CompanySecretary12023-07-012024-06-30SC286036ns0:Activity82023-07-012024-06-30SC286036ns0:Activity82022-07-012023-06-30SC286036ns10:WithinOneYear2024-06-30SC286036ns10:WithinOneYear2023-06-30SC286036ns10:PlantMachinery2023-07-012024-06-30SC28603622023-07-012024-06-30SC28603632023-07-012024-06-30SC286036ns10:OwnedAssets2023-07-012024-06-30SC286036ns10:OwnedAssets2022-07-012023-06-30SC286036ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-06-30SC286036ns10:PlantMachinery2023-06-30SC286036ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-07-012024-06-30SC286036ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-06-30SC286036ns10:PlantMachinery2024-06-30SC286036ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-06-30SC286036ns10:PlantMachinery2023-06-30
REGISTERED COMPANY NUMBER: SC286036 (Scotland)
REGISTERED CHARITY NUMBER: SC037033














Report of the Trustees and

Financial Statements for the Year Ended 30 June 2024

for

Halkirk Community Sports Foundation

Halkirk Community Sports Foundation






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

Halkirk Community Sports Foundation (Registered number: SC286036)

Report of the Trustees
for the Year Ended 30 June 2024


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 year ended 30 June 2024. 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objective of the company in the year under review was that of the development of sporting and leisure facilities in the Halkirk District Community Council area.

Significant activities
Hires of Morrison Park continue (used for training and matches by Halkirk United FC) together with other one-off hires. The maintenance of the pitch is now carried out by volunteers rather than contractors due to the higher costs involved by using external contractors.

It was noted with deep regret the passing of William Manson in May 2024. William was instrumental in forming the company and served as Chair and Treasurer until 2022.

HCSF have donated a small piece of land at Morrison Park to the Northern Pilgrims Way on which they plan to erect a replica of the historic Skinnet Stone. They plan to landscape the area along with seating and information boards. HCSF were delighted to be able to contribute in this way something which will further add to the visitor experience of Halkirk Village.

FINANCIAL REVIEW
Reserves policy
The reserve balance represents the unrestricted fund surplus arising from past operating results.

The directors consider the financial status of the company to be in a satisfactory state with funds raised being invested in a bank deposit account earning interest producing additional revenue so increasing the company's reserves available for the development of the sporting and leisure facilities.

FUTURE PLANS
Halkirk Community Sports Foundation took the decision back in 2021 to review the previous plans for the changing facility at Morrison Park. The directors had agreed to look at drawing up and costing a changing facility with associated gymnasium (membership required) to include an upper floor; public gymnasium (membership required), security and use of green energy. Whilst the development has not progressed significantly to date, this remains a firm objective for HCSF.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company was incorporated on 10 June 2005 and is limited by guarantee, having no share capital, as defined by the Companies Act 2006. The company has been recognised by the Office of the Scottish Charity Regulator as a charity under the Scottish Charity number SC037033.

Each member of the company has undertaken to contribute an amount not exceeding £1 towards any deficit arising in the event of Halkirk Community Sports Foundation being placed in liquidation.

Recruitment and appointment of new trustees
The directors, as the trustees are known, during the year of review are listed below.

One third of the directors retire in rotation annually but may be re-appointed for a further period of three years provided that no director shall serve continuously for a period of more than six years without there being a period of not less than one year when that person does not act as a director.


Halkirk Community Sports Foundation (Registered number: SC286036)

Report of the Trustees
for the Year Ended 30 June 2024

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC286036 (Scotland)

Registered Charity number
SC037033

Registered office
28 Queensgate
Inverness
IV1 1DJ

Trustees
Mrs J S Mowat
A Gunn (resigned 22.5.24)
W C N Campbell
I Mackay

Office Bearers
Chair: W Campbell
Vice-Chair: J Mackay
Secretary: Mrs J Mowat
Treasurer: Mrs J Mowat (acting)

Company Secretary
Macleod & MacCallum Limited

Independent Examiner
Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

Bankers
The Royal Bank of Scotland plc
Olrig Street
Thurso
Caithness
KW14 7BL

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 24 February 2025 and signed on its behalf by:





W C N Campbell - Trustee

Independent Examiner's Report to the Trustees of
Halkirk Community Sports Foundation (Registered number: SC286036)

I report on the accounts for the year ended 30 June 2024 set out on pages four to eleven.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Linda Cameron FCCA CTA CA
The Institute of Chartered Accountants of Scotland

Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

14 March 2025

Halkirk Community Sports Foundation

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 30 June 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,126 -

Charitable activities
Football Pitch Lets 1,509 1,655

Investment income 2 948 495
Total 3,583 2,150

EXPENDITURE ON
Charitable activities
Football Pitch Lets 6,532 6,664

NET INCOME/(EXPENDITURE) (2,949 ) (4,514 )


RECONCILIATION OF FUNDS
Total funds brought forward 582,244 586,758

TOTAL FUNDS CARRIED FORWARD 579,295 582,244

Halkirk Community Sports Foundation (Registered number: SC286036)

Balance Sheet
30 June 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 6 509,366 509,245

CURRENT ASSETS
Debtors 7 1,102 332
Cash at bank and in hand 69,416 73,278
70,518 73,610

CREDITORS
Amounts falling due within one year 8 (589 ) (611 )

NET CURRENT ASSETS 69,929 72,999

TOTAL ASSETS LESS CURRENT
LIABILITIES

579,295

582,244

NET ASSETS 579,295 582,244
FUNDS 9
Unrestricted funds:
General fund 579,295 582,244
TOTAL FUNDS 579,295 582,244

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 statements, so far as applicable to the charitable company.


Halkirk Community Sports Foundation (Registered number: SC286036)

Balance Sheet - continued
30 June 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 24 February 2025 and were signed on its behalf by:





W C N Campbell - Trustee

Halkirk Community Sports Foundation

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. ACCOUNTING POLICIES

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.

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.


Plant and machinery - 20% straight line

All fixed assets are initially recorded at cost.

Land and buildings comprise the construction costs and professional fees in connection with the property development. No depreciation is provided while the assets are in the course of construction.

IMPAIRMENT OF ASSETS
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised in the statement of financial activities.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the statement of financial activities.

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.

Halkirk Community Sports Foundation

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

1. ACCOUNTING POLICIES - continued

GRANTS RECEIVED
Grants received in respect of capital expenditure are credited to the statement of financial activities in the period received in accordance with the guidance contained in the Statement of Recommended Practice.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

2. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 948 495

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 723 554

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Charitable activities
Football Pitch Lets 1,655

Investment income 495
Total 2,150

EXPENDITURE ON
Charitable activities
Football Pitch Lets 6,664

NET INCOME/(EXPENDITURE) (4,514 )


RECONCILIATION OF FUNDS
Total funds brought forward 586,758


Halkirk Community Sports Foundation

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
TOTAL FUNDS CARRIED FORWARD 582,244

6. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 July 2023 508,692 37,883 546,575
Additions - 844 844
At 30 June 2024 508,692 38,727 547,419
DEPRECIATION
At 1 July 2023 - 37,330 37,330
Charge for year - 723 723
At 30 June 2024 - 38,053 38,053
NET BOOK VALUE
At 30 June 2024 508,692 674 509,366
At 30 June 2023 508,692 553 509,245

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,000 -
VAT 102 332
1,102 332


Halkirk Community Sports Foundation

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 589 611

9. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 582,244 (2,949 ) 579,295

TOTAL FUNDS 582,244 (2,949 ) 579,295

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 3,583 (6,532 ) (2,949 )

TOTAL FUNDS 3,583 (6,532 ) (2,949 )


Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 586,758 (4,514 ) 582,244

TOTAL FUNDS 586,758 (4,514 ) 582,244

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 2,150 (6,664 ) (4,514 )

TOTAL FUNDS 2,150 (6,664 ) (4,514 )

Halkirk Community Sports Foundation

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.