REGISTERED COMPANY NUMBER: SC374728 (Scotland)

REGISTERED CHARITY NUMBER: SC41389

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DAILLY COMMUNITY ACTIVITY CENTRE

ASSOCIATION LIMITED

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

16

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 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The aims of the company are as follows:-

- to create and manage a community facility which will provide a range of associated services and projects to improve the sports participation, health, fitness and well- being of both Carrick residents and visitors,

- to offer accessible and affordable fitness and activity facilities,

- to provide a venue and focus for a range of community activity developing participation in sporting activity and promoting health and well-being, for all age groups and interests,

- to encourage the maximum ongoing development, involvement and empowerment of the local community, people and centre users,

- to make particular effort to engage the disadvantaged and excluded, particularly young people and promote and support healthier lifestyles for them.

FINANCIAL REVIEW

Principal funding sources

The Service Level Agreement with South Ayrshire Council is still in place. We were also in receipt of contribution to the daily running costs with a grant from Tralorg Benefits Fund, and other funding from Kilgallioch Wind Farm Community Fund.

Investment policy and objectives

The trustees have the power to invest in such assets as they see fit.

Reserves policy

The balance on unrestricted reserves at 31 March 2025 was £12,897 (2024: £6,365) and restricted funds £4,892 (2024: £5,955) The trustees aim to maintain funds equal to approximately three months operational expenditure.

FUTURE PLANS

The company hopes to continue to encourage as many local residents as possible to participate in sport through use of the facilities available.

Two founding trustees Mrs H E Menhinick and Mr T W Boyd will be cutting back on there day to day duties at the Centre. There are still ongoing discussions with South Ayrshire Council and other organisations about the future direction of the Centre.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a company, limited by guarantee, incorporated on 12 March 2010 and governed by Memorandum and Articles of Association which were amended on 5 June 2018. The company is recognised as a Scottish Charity, under number SC041389.

In the event of the company being wound up, members are required to contribute an amount not exceeding £1 each.

Recruitment and appointment of new trustees

Trustees are appointed by ordinary resolution of the members or by resolution of the trustees. There shall be at least three trustees.

Induction and training of new trustees

New trustees undergo an appropriate induction programme to brief them on their obligations under charity and company law and the financial performance of the company.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC374728 (Scotland)

Registered Charity number

SC41389

Registered office

34 Dalrymple Street

Girvan

KA26 9AE

Trustees

H Menhinick

T W Boyd

F K de Faye

P Eaglesham

C Scobie

P K Pain

J Smith

In accordance with the new Articles of Association, all of the trustees shall retire at each annual general meeting and, being eligible, offer themselves for re-election.

Company Secretary

P Eaglesham

Independent Examiner

Galbraith Pritchards

20 Barns Street

Ayr

Ayrshire

KA7 1XA

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 28 October 2025 and signed on its behalf by:

F K de Faye - Trustee

I report on the accounts for the year ended 31 March 2025 set out on pages five to sixteen.

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.

Marguerite Roos

The Institute of Chartered Accountants of Scotland

Galbraith Pritchards

20 Barns Street

Ayr

Ayrshire

KA7 1XA

7 November 2025

31/3/25

31/3/24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

3

Activity centre

17,704

17,600

35,304

33,543

Other trading activities

2

5,250

-

5,250

8,453

Total

22,954

17,600

40,554

41,996

EXPENDITURE ON

Charitable activities

4

Activity centre

16,422

18,663

35,085

45,020

NET INCOME/(EXPENDITURE)

6,532

(1,063

)

5,469

(3,024

)

RECONCILIATION OF FUNDS

Total funds brought forward

6,365

5,955

12,320

15,344

TOTAL FUNDS CARRIED FORWARD

12,897

4,892

17,789

12,320

31/3/25

31/3/24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

1,120

4,041

5,161

4,792

CURRENT ASSETS

Debtors

11

2,227

-

2,227

1,674

Cash at bank and in hand

13,600

851

14,451

14,427

15,827

851

16,678

16,101

CREDITORS

Amounts falling due within one year

12

(4,050

)

-

(4,050

)

(8,573

)

NET CURRENT ASSETS

11,777

851

12,628

7,528

TOTAL ASSETS LESS CURRENT LIABILITIES

12,897

4,892

17,789

12,320

NET ASSETS

12,897

4,892

17,789

12,320

FUNDS

13

Unrestricted funds

12,897

6,365

Restricted funds

4,892

5,955

TOTAL FUNDS

17,789

12,320

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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 28 October 2025 and were signed on its behalf by:

H Menhinick - Trustee

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The Trustees consider that there are no material uncertainties about the company's abilities to continue as a going concern.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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.

GOVERNANCE COSTS

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination and costs linked to the strategic management of the charity.

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

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Assets costing less than £500 are not capitalised.

TAXATION

The company is a registered charity and is accordingly exempt from taxation on income which is applied for charitable purposes. The company is not registered for Value Added Tax and, accordingly, any such irrecoverable tax is included in the expenditure concerned.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

FINANCIAL INSTRUMENTS

The charity only has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.	OTHER TRADING ACTIVITIES

31/3/25

31/3/24

£

£

Social events

-

1,428

Hall lets

5,250

7,025

5,250

8,453

3.	INCOME FROM CHARITABLE ACTIVITIES

31/3/25

31/3/24

Activity

£

£

Grants

Activity centre

24,700

22,000

Subscriptions

Activity centre

9,615

10,504

Sundry receipts

Activity centre

989

1,039

35,304

33,543

Grants received, included in the above, are as follows:

31/3/25

31/3/24

£

£

South Ayrshire Council Atl

6,000

5,000

William Grant

300

-

COOP

300

-

Western Recreation Trust

600

-

Foundation Scotland- HHCB Dailly

-

15,000

Kilgallioch Wind Farm Community Fund

2,000

2,000

Nestle - Community Action Fund

500

-

Tralorg Benefits Ltd

15,000

-

24,700

22,000

4.	CHARITABLE ACTIVITIES COSTS

Direct

Costs (see

Support

note 5)

costs

Totals

£

£

£

Activity centre

33,449

1,636

35,085

5.	DIRECT COSTS OF CHARITABLE ACTIVITIES

31/3/25

31/3/24

£

£

Staff costs

22,070

20,212

Insurance

1,629

1,375

Light and heat

4,406

14,483

Telephone

663

641

Postage and stationery

65

79

Advertising and promotion

-

215

Sundries

347

681

Repairs and renewals

2,192

3,086

Cleaning

118

252

Equipment purchases

234

-

Activity expenses

-

893

Depreciation

1,725

1,603

33,449

43,520

6.	NET INCOME/(EXPENDITURE)

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

31/3/25

31/3/24

£

£

Accountancy fees

1,636

1,500

Depreciation - owned assets

1,725

1,603

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

8.	STAFF COSTS

31/3/25

31/3/24

£

£

Wages and salaries

21,985

20,176

Other pension costs

85

36

22,070

20,212

The average monthly number of employees during the year was as follows:

31/3/25

31/3/24

Hall staff

4

4

No employees received emoluments in excess of £60,000.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Activity centre

16,543

17,000

33,543

Other trading activities

8,453

-

8,453

Total

24,996

17,000

41,996

EXPENDITURE ON

Charitable activities

Activity centre

25,975

19,045

45,020

NET INCOME/(EXPENDITURE)

(979

)

(2,045

)

(3,024

)

Transfers between funds

(56

)

56

-

Net movement in funds

(1,035

)

(1,989

)

(3,024

)

RECONCILIATION OF FUNDS

Total funds brought forward

7,400

7,944

15,344

TOTAL FUNDS CARRIED FORWARD

6,365

5,955

12,320

10.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

54,031

1,998

56,029

Additions

2,094

-

2,094

At 31 March 2025

56,125

1,998

58,123

DEPRECIATION

At 1 April 2024

49,239

1,998

51,237

Charge for year

1,725

-

1,725

At 31 March 2025

50,964

1,998

52,962

NET BOOK VALUE

At 31 March 2025

5,161

-

5,161

At 31 March 2024

4,792

-

4,792

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Prepayments

2,227

1,674

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Social security and other taxes

201

54

Accrued expenses

3,849

8,519

4,050

8,573

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1/4/24

in funds

31/3/25

£

£

£

Unrestricted funds

General fund

6,365

6,532

12,897

Restricted funds

VASA

1,624

(408

)

1,216

COOP

585

(146

)

439

Dailly Community Council Small Grants

172

-

172

Carrick Futures

449

(113

)

336

Western Recreation Trust

352

362

714

Foundation Scotland- HHCB Dailly

1,243

(1,053

)

190

Tralorg Dailly Community Fund - Bouncy Castle

1,530

(382

)

1,148

Tralorg Benefits Ltd

-

677

677

5,955

(1,063

)

4,892

TOTAL FUNDS

12,320

5,469

17,789

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

22,954

(16,422

)

6,532

Restricted funds

VASA

-

(408

)

(408

)

COOP

-

(146

)

(146

)

Dailly Community Council Small Grants

2,000

(2,000

)

-

Carrick Futures

-

(113

)

(113

)

Western Recreation Trust

600

(238

)

362

Foundation Scotland- HHCB Dailly

-

(1,053

)

(1,053

)

Tralorg Dailly Community Fund - Bouncy Castle

-

(382

)

(382

)

Tralorg Benefits Ltd

15,000

(14,323

)

677

17,600

(18,663

)

(1,063

)

TOTAL FUNDS

40,554

(35,085

)

5,469

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1/4/23

in funds

funds

31/3/24

£

£

£

£

Unrestricted funds

General fund

7,400

(979

)

(56

)

6,365

Restricted funds

VASA

2,169

(545

)

-

1,624

COOP

780

(195

)

-

585

Dailly Community Council Small Grants

-

172

-

172

Carrick Futures

598

(149

)

-

449

Western Recreation Trust

470

(118

)

-

352

Foundation Scotland- HHCB Dailly

475

768

-

1,243

Tralorg Dailly Community Fund - Bouncy Castle

2,452

(978

)

56

1,530

SAC - Lighting Fund

1,000

(1,000

)

-

-

7,944

(2,045

)

56

5,955

TOTAL FUNDS

15,344

(3,024

)

-

12,320

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

24,996

(25,975

)

(979

)

Restricted funds

VASA

-

(545

)

(545

)

COOP

-

(195

)

(195

)

Dailly Community Council Small Grants

2,000

(1,828

)

172

Carrick Futures

-

(149

)

(149

)

Western Recreation Trust

-

(118

)

(118

)

Foundation Scotland- HHCB Dailly

15,000

(14,232

)

768

Tralorg Dailly Community Fund - Bouncy Castle

-

(978

)

(978

)

SAC - Lighting Fund

-

(1,000

)

(1,000

)

17,000

(19,045

)

(2,045

)

TOTAL FUNDS

41,996

(45,020

)

(3,024

)