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Registered number: SC193404
Charity number: SC031026
(A company limited by guarantee)
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
CONTENTS
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2026
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The Directors have pleasure in presenting their report and the financial statements of the charity for the year ended 31 March 2026.
STATUS The company is an arm’s length organisation (ALEO) of the City of Edinburgh Council (CEC), a charitable company limited by guarantee incorporated on 5 February 1999 and recognised as a charity by the Inland Revenue on 1st April 2000. The company is a registered charity registered with the Scottish Charity Regulator with registration number SC031026. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. PRINCIPAL ACTIVITIES The Capital City Partnership (CCP), since its formation, has promoted community regeneration by using a robust evidence base to report on and add value to local programmes and mainstream services aimed at tackling aspects of exclusion, disadvantage and poverty. It continues to bring together key statutory, voluntary, community and private sector organizations to promote change and joint working in order to address poverty. Drawing on the expertise of the staff team and its partners, CCP identifies and addresses the barriers to social inclusion by promoting a collaborative approach to tackling poverty. The Partnership activities include Employability contract and performance management, Employer Engagement programmes and whole family support programmes. It also supports specific elements of the Edinburgh and Southeast Scotland City Region Deal, UK shared Prosperity and Regional Prosperity programmes. Resources are focused on a range of activities including procurement and performance management of employment support services to supplement the statutory services delivered by its member agencies. The status of the company as an arm’s length organization (ALEO) of the City of Edinburgh Council is currently deemed to be the most appropriate means of providing an efficient delivery mechanism for employability services in a financially challenging economic situation. This mechanism is supported by a service level agreement between the City of Edinburgh Council and Capital City Partnership and secures funding levels on an annual basis. The SLA provides guidance on the respective roles and responsibilities of the two organizations and a robust collaborative approach to service delivery across key areas. Under the Service Level Agreement, Capital City Partnership’s focus is on provision of contract performance, audit and compliance management functions for services funded within the city’s Integrated Employability Service. It also provides development / support to the city’s Jobs Strategy including a web-based MIS, websites, directories and online forums. ORGANISATION STRUCTURE The Capital City Partnership is governed by a Memorandum and Articles of Association which stipulates the statutory and non statutory organizations which form the partnership and from which the Board of Directors is appointed. Members of the Board of Directors, who are Directors for the purposes of company law and trustees for the purposes of charity law, who served during the period up to the date of this report are listed on page one. The Directors are elected at the AGM to serve at least until the next AGM. The Board of Directors maintains its ability to gather opinion and expertise from a wide range of organizations, thus influencing policy and improving the steering role of the Board of Directors. Board meetings are scheduled on a quarterly basis however the Chair can convene extraordinary meetings of the Board in addition to scheduled meetings if circumstances require urgent action. The Board is responsible for all strategic decisions. The Chief Officer has delegated authority from the Board to manage the organization on a day to day basis, to make funding decisions in relation to core operational matters and to recommend strategic decisions for discussion / homologation by the Board. The Chief Executive and staff hold fortnightly team meetings at which projects and activities are discussed and progress reviewed.
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
ACHIEVEMENTS AND PERFORMANCE
Over the course of the year, the company contract managed and performance monitored approximately 110 projects, 80 of which fall under the auspices of the CEC Employability Programme. The company also maintained common infrastructure including the web-based MIS and Joined Up For Jobs website / directories. The key areas of focus in 2025-26 (as reported to the city council under our SLA reporting requirements) were;
∙To monitor and report performance of the employability services contracts as specified under the SLA with the City of Edinburgh Council
∙To facilitate the Job Strategy and Joined Up for Business Groups.
∙To lead on and develop three workstreams of the Edinburgh and South East Scotland City Regional Deal Employability and Skills sector.
∙To maintain a focus (in respect of services managed) on the city’s most disadvantaged residents and communities while acknowledging that the economic situation was impacting across the wider population.
∙To strive to impact upon the reduction of in work poverty
∙To promote recruitment skills models in Fort Kinnaird, city centre and through a vocational training framework model
The company is a core stakeholder in the Employability Skills (IRES) element of the Edinburgh and Southeast Scotland City Regional Deal, with lead responsibility for the Integrated Knowledge Systems (IKS) and delivery of the Integrated Employer Engagement (IEE) and Intensive Family Support (IFS) services. The IKS funded programme ended in March 26, having successfully established the Helix MIS as the data management platform for six local authorities plus extended reach to other employability organisations. The IEE team developed and managed skills programmes including a successful partnership with the Construction Industry Training Board (CITB). The IFS team continued to contract manage services in the six LA regions and expanded anti stigma training and guidance.
Cost of Delivery Core expenditure for the company is primarily staff and office related however efforts were made to ensure that core costs remain low in proportion to overall expenditure. Net staff and operational costs account for 5.6% of overall expenditure. FUTURE PLANS The company will continue to provide a high level of service to existing partners while seeking to diversify income and activity to suit demand, including the development of the Jobfit programme and exploration of local and regional partnership opportunities. Given the various levels of uncertainty in the wider economic climate, the aim would be to adapt to need while expanding partnership working,. The combined pressures of high business costs, low job security and increasing cost of living along with global instabilities are creating challenging levels of poverty. In response CCP continues to work with partners across a broad spectrum to support new, innovative and effective services wherever possible. The company continues to provide added value to the employability landscape with significant projected leverage annually against SLA target. Fulfillment of the requirements of the Service Level Agreement with CEC will remain a focus in the coming year, covering contract management of Parental Employment Support, Vocational Training Framework and the Integrated Regional Employability Skills elements of the Edinburgh and Southeast Scotland City Regional Deal, forging strong partnerships with employability and employer engagement teams across the partner agencies and tackling poverty holistically through family focused support. Key national and local authority data will continue to inform the direction of travel for CCP in the coming year.
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
GRANT MAKING POLICY
Capital City Partnership works with a range of funders and grant making policy is driven by specific funder requirements combined with statutory financial and regulatory rules but is founded upon a programme of funding which is outcome based and employability focused. Grants are awarded based on specific activities which meet the requirements set out in the funding guidance documents. Funding panels comprising representatives of each funding partner will score funding applications to strict criteria and award funds based both on aggregate score and funding limitations. Contracts drawn up with the successful organisations stipulate funding criteria, reporting format / timeframe, payment schedule and actions required throughout the year. Progress is monitored by CCP and reported to the Board of Directors through performance management reports. RISK MANAGEMENT Systems and procedures are regularly reviewed, and risk assessments / mitigating actions are regularly assessed to support hybrid working. Significant investment was made this year in IT hardware, cyber security and staff training. The staff handbook and company policies are regularly reviewed and updated to be compliant with current employment law / GDPR requirements. A risk register is reviewed regularly by the management team and individual programme risk assessments are undertaken where necessary. RESERVES POLICY The Unrestricted General Fund represents the unrestricted funds arising from past operating results. It also represents the free reserves of the charity. The directors are satisfied that the fund, amounting to £736,245 (2025: £854,588) approximates to the equivalent of 12 months operating expenditure. The Board aims to have a free reserve target under normal circumstances of up to 14 months, which at current operating levels equates to £896,208 however the current level of reserves is deemed adequate for the immediate needs of the company. The Designated Fund was created by the Directors to cover costs in relation to company review and restructure in preparation for various programmes ending and new themes emerging. The Designated fund was originally set at £200,000 of which, £69,932 expenditure has been incurred to date, with a further transfer from the general reserve of £300,000 being made and the balance is now £430,068 however significant expenditure is anticipated against the Designated Fund in the next two years. The Restricted Funds represent those activities which have included support from external funding sources whose criteria limits the use of the funds or stipulates specific reporting requirements. CCP aims to support activities using any appropriate funds made available for the purpose and in doing so, the organization takes care to scrutinize funding agreements and adhere to any specific requirements therein. The Directors are aware of the need for transparency and accountability therefore, all restricted funds are accounted for using dedicated cost centres and reports are provided to funders as per contractual agreements.
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
FINANCIAL REVIEW
The Board of Directors regularly receives financial reports and exercises prudence when necessary. The annual budget is set at the first board meeting of the year alongside budget outturn for the preceding year. Routine updates are provided to directors in year with attention drawn to variations on budget. A report detailing performance of contracted services is also provided to the Board of Directors at each meeting along with a summary of contracted services values, leverage secured and current live funding bids. The reserves position is reviewed regularly to ensure an adequate reserve is maintained for operational activities and other liabilities. Financial operations in general have been within the anticipated level. Given the fluctuating position year on year in respect of Lothian Pension Fund (LPF) liabilities and delays to funding decisions at local and national level, the company is focused on reducing overheads and maximizing / diversifying income. Biannual structural reviews are undertaken, financial forecasts are reviewed quarterly. Income for 2026 was £11,008,934 against prior year £11,010,601. The decrease of £1,667 is due to a contraction of statutory authority programmes reflecting budget constraints. Expenditure in 2026 was £10,644,164 against prior year £11,023,932 which represents a decrease of £379,768 reflecting a general contraction of activities. GOING CONCERN The Directors have prepared the financial statement on a going concern basis as a review of the budget for the 2026/27 period indicates that reserves are adequate to meet the needs of the organization for the foreseeable future. In making this assessment the Board have considered the 12 months period beyond sign off and in doing so are aware that the Service Level Agreement in place with the City of Edinburgh Council has been approved for a three year period to March 2027 with detailed funding allocation agreed annually. The Board are confident that adequate levels of funding will be received and in light of holding net current assets on 31 March 2026 of £2,682,758 which are mainly represented in cash they support the going concern basis of preparation for a period of 12 months from date of approval of these financial statements. MEMBERS Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees on 31 March 2026 was 4. DIRECTORS RESPONSIBILITIES The Directors are responsible for preparing the Directors 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 Directors to prepare financial statements for each financial year. Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources, including the income and expenditure, of the company for that period.
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
In preparing these financial statements, the Directors are required to:
∙select suitable accounting policies and then apply them consistently;
∙observe the methods and principals of the Charities SORP (FRS 102);
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Financial statements are published on the company’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements, which may vary from legislation in other jurisdictions. The maintenance and integrity of the company’s website is the responsibility of the Directors. The Directors’ responsibility also extends to the ongoing integrity of the financial statements contained therein. DISCLOSURE OF INFORMATION TO AUDITOR Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that:
∙so far as that Director is aware, there is no relevant audit information of which the company's auditors are unaware, and
∙that Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.
AUDITORS
The auditors, Sumer Auditco Limited, have indicated their willingness to continue in office. The designated Directors will propose a motion reappointing the auditors at a meeting of the Directors.
Approved by order of the members of the board of Directors on
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CAPITAL CITY PARTNERSHIP LIMITED
We have audited the financial statements of The Capital City Partnership Limited (the 'charitable company') for the year ended
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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the Directors' 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 charitable company'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 Directors with respect to going concern are described in the relevant sections of this report.
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CAPITAL CITY PARTNERSHIP LIMITED (CONTINUED)
The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Directors 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements.
∙the Directors' report has been prepared in accordance with applicable legal requirements.
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require 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 Directors' remuneration specified by law are not made; or
∙we have not received all the information and explanations we require for our audit; or
∙the Directors 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 Directors' report and from the requirement to prepare a Strategic report.
As explained more fully in the Directors' responsibilities statement, the Directors (who are also the directors of the charitable company for the purposes 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 Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CAPITAL CITY PARTNERSHIP LIMITED (CONTINUED)
We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Act 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 Auditors' 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Charities and Trustee Investment (Scotland) Act 2005 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CAPITAL CITY PARTNERSHIP LIMITED (CONTINUED)
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 charitable company'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 Directors those matters we are required to state to them in an Auditors' 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, its members, as a body, and its trustees, as a body for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
Pentland House
Saltire Centre
Fife
KY6 2AH
Sumer Auditco Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2026
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: SC193404
BALANCE SHEET
AS AT 31 MARCH 2026
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: SC193404
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
The financial statements were approved and authorised for issue by the Directors on
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2026
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The Capital City Partnership is a charitable company limited by guarantee, incorporated in Scotland, UK. The company's registered office and company number are disclosed on the company information page. The Capital City Partnership Limited constitutes a public benefit entity as defined by FRS 102. The Company's principal activity is as described in the directors' report.
The presentation currency of these financial statements is GBP. Rounding to the nearest pound has been applied in the preparation of these financial statements
2.Accounting policies
The company currently operates with a mixture of public and private sector funding. A Service Level Agreement (SLA) with the City of Edinburgh Council is a key aspect of the financial stability of the company as is the Edinburgh and Southeast Scotland City Regional Deal funding (ESESCRD). The SLA which was due to expire in March 2024 was renewed by the City of Edinburgh Council from April 2024 for a three year period.
Given the nature of the work undertaken by the company and the current economic climate, demand for services has been high, with employability, skills, labour market intelligence, welfare support and tackling poverty and social injustice being high on the national agenda. The need for this work is increasing as the detrimental effects of the economic situation become apparent. There is no indication that CEC SLA funding nor Scottish Government ESESCRD funding will cease and every indication that services will continue to be required at a more intensive pace. The unexpected removal of either of these funding streams would not only impact on the company's ability to secure financial leverage which is key to current strategic plans, but would seriously affect the viability of the company, however as the demand for services is increasing and both funding streams are considered relatively stable, the risk that this scenario would arise is deemed relatively low and a policy of bolstering the general reserve last year was deliberately pursued with the aim of mitigating the effects of volatility such as may be generated by the current economic situation. Financial models have been prepared for the period to March 2026 which set out the funding streams, their probability and the associated costs as well as the cash flow position for the same period. The Directors therefore consider that operational capacity, demand for services and current financial health of the company do not represent a material uncertainly in relation to the going concern basis of preparation of the financial statements.
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
The charity's financial statements are consolidated within the financial statements of the City of Edinburgh Council. As stated in the Articles of Association, The City of Edinburgh Council are the members of the charitable company and as a result have control over the activities of the charity as well as the ability to appoint and remove directors. The consolidated statements are available to the public and can be obtained from www.edinburgh.gov.uk.
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Charitable activities 80% Support costs 20% Governance costs are charged directly to the Statement of Financial Activities when incurred and include audit and accountancy fees and any directors' expenses. These are charged to the activity to which they relate.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
The Company participates in a multi-employer defined benefit pension scheme into which payments are made. The current service costs are charged to the Statement of Financial Activities as they fall due (see note 20). The information is based on a full actuarial valuation dated 31 March 2023.
The organisation fully adopts the Financial Reporting Standard FRS102 Section 28 `Employee Benefits'. The scheme actuary has calculated the split of net assets and liabilities between the participating employers. The impact on the results and on reserves is given in note 20 to the financial statements and the Statement of Financial Activities.
The Statement of Financial Activities is charged with the cost of providing pension benefits earned by employees in the period. The interest on pension scheme assets less the interest on pension scheme liabilities is included as part of this charge. Actuarial gains and losses arising in the period from the difference between actual and expected returns on pension scheme assets, experience gains and losses on pension scheme liabilities and the effects of changes in demographics and financial assumptions, are included in total recognised gains and losses. The organisation's share of the accumulated pension scheme surplus is not recognised or included in the balance sheet. The trustees do not believe the Company is able to recover the surplus either through reduced contributions in the future or through refunds from the plan.
Page 18
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The key judgements and sources of estimation uncertainty in the preparation of the financial statements are as follows:
Grants receivable and payable The level and timing of income and expenditure in relation to grants is an area of key judgement as it is determined for accounting purposes by referring to the conditions of grant. Grants receivable are recognised in so far as the conditions attached to the grant have been met and have been demonstrated to the grant giver. The level and timing of provision to grant recipients is determined by monitoring grant criteria and ensuring that conditions are being met. Pension The actuarial assumptions used in calculating the defined benefit pension scheme requires judgement on the part of the Directors. In making these assumptions, advice has been taken from an independent qualified actuary. The assumptions are all shown in note 20.
Page 19
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 20
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 21
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 22
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 23
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 24
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 25
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
8.Analysis of expenditure by activities (continued)
Page 26
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 27
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 28
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 29
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 30
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 31
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 32
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 33
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 34
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The Capital City Partnership operates a defined contribution pension scheme.
The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £42,959 (2025 - £40,039). No amounts were payable to the fund at the balance sheet date (2025 - £nil).
The Company operates a defined benefit pension scheme.
The Capital City Partnership participates in The Lothian Pension Fund Final Salary Pension Scheme (the "Scheme''. The Scheme is a multi-employer defined benefit scheme and is funded.
During the accounting period The Capital City Partnership paid contributions at the rate of 18.8%. Member contributions were paid on a sliding scale dependent upon salary level and range from 5.5% to 12%. The Capital City Partnership contribution rate from April 2025 is 18.8%. As at 31 March 2026 there were 14 active (2025 - 14) and 15 deferred (2025 - 15) members of the Scheme employed. The Capital City Partnership continues to offer membership of its scheme to its employees and pensioners.
The last full valuation of the scheme was performed as at 31 March 2023 by a professional qualified actuary using the "projected unit credit" method. This has been updated to reflect conditions at 31 March 2026.
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
20.Pension commitments (continued)
Page 36
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THE CAPITAL CITY PARTNERSHIP LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
20.Pension commitments (continued)
Page 37
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