REGISTERED COMPANY NUMBER: SC826375 (Scotland)

REGISTERED CHARITY NUMBER: SC054396

Report of the Trustees and

Unaudited Financial Statements for the Period 20 October 2024 to 31 March 2026

for

Disco Buddies Ltd

(A Company Limited by Guarantee)

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

12

TRUSTEES

L Gray (appointed 20.2.25)

A Gray (appointed 20.10.24) (resigned 13.7.26)

A McKirdy (appointed 20.2.25)

E O'Neill (appointed 20.2.25)

L Spark (appointed 20.2.25)

COMPANY SECRETARY

L McArthur

REGISTERED OFFICE

168 Morningside Road

Wishaw

ML2 9QN

REGISTERED COMPANY NUMBER

SC826375 (Scotland)

REGISTERED CHARITY NUMBER

SC054396

INDEPENDENT EXAMINER

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 20 October 2024 to 31 March 2026. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

INCORPORATION

The charitable company was incorporated on 20 October 2024 and commenced trading on 6 January 2025.

OBJECTIVES AND ACTIVITIES

Objectives and aims

Disco Buddies exists to reduce social isolation by improving wellbeing through providing safe, inclusive, welcoming and fully accessible social opportunities for adults with disabilities, additional support needs, older people and others experiencing loneliness across Lanarkshire. Throughout 2025, the charity delivered a programme of regular community disco sessions, sensory sessions, seasonal celebrations and opportunities for carers to meet and support one another.

These activities enabled participants and their carers to build lasting friendships, increase confidence and self-esteem, and enjoy meaningful social interaction in a supportive environment where they felt valued and accepted. During the year, Disco Buddies successfully expanded its reach by establishing a new weekly disco session in East Kilbride, extending the charity's support to a wider community and responding to growing demand for accessible social opportunities.

FINANCIAL REVIEW

Financial review

The charity continued to fulfil its charitable objectives through a combination of grant funding, donations and community fundraising activities. The Trustees maintained careful oversight of income and expenditure, ensuring that resources were applied efficiently and directly to the delivery of the charity's aims. Appropriate reserves were maintained to safeguard the continuity of services and to support the long-term sustainability and future development of the organisation. Incoming resources totalled £82,378 and resulted in a deficit for the period of £4,202.

Going concern

The financial statements have been prepared on a going concern basis after consideration of the future prospects, expected income from funders, and available reserves to support its activities.

FUTURE PLANS

Looking ahead, Disco Buddies will continue to develop and enhance its inclusive programmes, strengthen partnerships with local organisations and pursue sustainable sources of income to ensure that people across Lanarkshire can continue to access opportunities for friendship, connection and wellbeing. In the coming year, the charity intends to expand into a further area of North Lanarkshire by introducing a new community activity session, building on the success of its existing services and responding to identified local need.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charitable company, which became a recognised charity in Scotland from 10 July 2025, is registered as a charitable company limited by guarantee, and was set up by a Memorandum of Association on 20 October 2024.

Day-to-day operations are led by the Chief Executive, Lynsay McArthur, supported by Ann Gray, Manager, and Pariya O'Neill, Coordinator. The Board comprises Les Gray (Chair), Andrew McKirdy (Vice Chair), Elizabeth O'Neill (Treasurer) and Lorraine Spark (Trustee). The Trustees meet regularly to determine strategic direction, monitor performance, ensure sound financial management and uphold the highest standards of governance and accountability.

Approved by order of the board of trustees on 16 July 2026 and signed on its behalf by:

L Gray - Trustee

I report on the accounts for the period 20 October 2024 to 31 March 2026 set out on pages five to twelve.

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.

Amardeep Kalsi CA

The Institute of Chartered Accountants of Scotland

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

16 July 2026

Unrestricted

Restricted

Total

fund

funds

funds

Notes

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

5,724

-

5,724

Charitable activities

3

Community group

76,654

-

76,654

Total

82,378

-

82,378

EXPENDITURE ON

Charitable activities

4

Community group

86,580

-

86,580

NET INCOME/(EXPENDITURE)

(4,202

)

-

(4,202

)

TOTAL FUNDS CARRIED FORWARD

(4,202

)

-

(4,202

)

Unrestricted

Restricted

Total

fund

funds

funds

Notes

£

£

£

FIXED ASSETS

Tangible assets

9

1,442

-

1,442

CURRENT ASSETS

Cash at bank and in hand

598

49,457

50,055

CREDITORS

Amounts falling due within one year

10

(6,242

)

(49,457

)

(55,699

)

NET CURRENT ASSETS/(LIABILITIES)

(5,644

)

-

(5,644

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,202

)

-

(4,202

)

NET ASSETS

(4,202

)

-

(4,202

)

FUNDS

12

Unrestricted funds

(4,202

)

TOTAL FUNDS

(4,202

)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 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 16 July 2026 and were signed on its behalf by:

L Gray - Trustee

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% on cost

Computer equipment

-

33.33% on cost

The charitable company has a capitalisation policy of £1,000.

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.

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.

2.	DONATIONS AND LEGACIES

£

Donations

5,724

3.	INCOME FROM CHARITABLE ACTIVITIES

Activity

£

Ticket sales

Community group

46,654

Grants

Community group

30,000

76,654

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

£

Growth Pot

5,000

The National Lottery

20,000

Time for Me

3,000

Cash4Clubs

2,000

30,000

4.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 5)

Totals

£

£

£

Community group

83,201

3,379

86,580

5.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

£

£

Community group

139

3,240

3,379

6.	NET INCOME/(EXPENDITURE)

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

£

Ind. examiner remuneration

3,240

Depreciation - owned assets

728

7.	TRUSTEES' REMUNERATION AND BENEFITS

During the period total remuneration of £10,000 was paid to a director. The intention was for this director to resign on 20 February 2025, however due to an administrative oversight, this was not updated on time. At the date of approval of these accounts the Board are actively rectifying the matter and believe there is no breach of the charitable company's Memorandum of Association.

Trustees' expenses

During the period a total of £144 was reimbursed to 1 trustee.

8.	STAFF COSTS

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

Management & Administration

2

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

9.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

Additions

1,000

1,170

2,170

DEPRECIATION

Charge for year

247

481

728

NET BOOK VALUE

At 31 March 2026

753

689

1,442

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts (see note 11)

2,447

Social security and other taxes

1,046

Accruals and deferred income

52,206

55,699

11.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due within one year on demand:

Bank overdrafts

2,447

12.	MOVEMENT IN FUNDS

Net

movement

At

in funds

31.3.26

£

£

Unrestricted funds

General fund

(4,202

)

(4,202

)

TOTAL FUNDS

(4,202

)

(4,202

)

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

82,378

(86,580

)

(4,202

)

TOTAL FUNDS

82,378

(86,580

)

(4,202

)

13.	RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 March 2026.

14.	DESCRIPTION OF FUNDS

General

The general fund is for the operation of core services as set out in the objectives.