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REGISTERED COMPANY NUMBER: SC538909 (Scotland)

REGISTERED CHARITY NUMBER: 048688









REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024


FOR



ROSYTH COMMUNITY PROJECTS LIMITED


ROSYTH COMMUNITY PROJECTS LIMITED







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






Page



Report of the Trustees  

1


to


5


Independent Examiner's Report  

6



Statement of Financial Activities  

7



Statement of Financial Position  

8


to


9


Notes to the Financial Statements  

10


to


22


ROSYTH COMMUNITY PROJECTS LIMITED (REGISTERED NUMBER: SC538909)


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

Our Values: Social justice, Building a Strong Community, The Natural World.

Outcomes (the difference we make)

- We will help to reduce food poverty in our community
- We will increase access to nutritious food for our community
- Our activities and events will reduce loneliness and isolation in our community
- We will promote the beauty of the natural world through access to our green spaces.
- We will increase access to more fulfilling volunteer opportunities for our community
- We will work with our helping partners to improve health and wellbeing within our community


ROSYTH COMMUNITY PROJECTS LIMITED (REGISTERED NUMBER: SC538909)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024


ACHIEVEMENT AND PERFORMANCE

Charitable activities

Our sincere thanks and appreciation go to our dedicated volunteers, members of staff and board trustees who have given their time and efforts over the year to achieve so much. We also appreciate the valuable financial support we have from all our Grant Funders over the year as well as the people of Rosyth and Southwest Fife who have continued to support our work, use our services and help us to plan our future.

Highlights include:

EATS Greenspaces

Growing in 26 raised beds, managing 70 fruit trees, supporting biodiversity and growing in line with organic principles. Providing fresh fruit and vegetables to be used by our hub and the wider community supported by a core of 100 regular volunteers and many more casual volunteers.

EATS Greenspaces are open daily with 5 volunteer groups running each week - some of which are for supported volunteers.

A new Tea Shed has been built in EATS Community Garden which will facilitate more groups, workshops and events.

An ever-expanding programme of community events in our growing spaces including yoga, craft, wildlife, wreath making, egg dying, growing your own vegetables, propagation, sprouting, plant swap, fruit tree pruning, ecology and sustainability events.

There are at least 2 children's groups run per week, preschool and primary school.

Summer weekly lunch club where food is made from produce grown in the garden.

There have been BBQ events in EATS Greenspaces for volunteers and Volunteer and Greenspaces open days.
Ongoing facilitation of corporate volunteering opportunities.

Ongoing regular recreational and structured educational visits from local schools and nurseries as well as local youth groups.

Ongoing partnership with Alzheimer's Scotland group to provide garden visits and activities for people living with dementia and their carers.

Climate Action Fife events

The School Holiday programme for Café Inc, supported by food from EATS Hub, provides a fun and nutritious day for children and families.

Our orchard Beehives provide a valuable educational and ecological resource.

The EATS Educates team has started to work on growing fruit and vegetables at all 4 primary schools in Rosyth, with the aim of improving the diets of children.

EATS Hub

We currently work with food surplus umbrella organisations, Food Adverse, Fair Share and Big Hoose and pick up supplies from Asda, Aldi, Tesco, M&S, Food Bank, Bookers, and Amazon. Food is collected, stored and added to EATS Larder shelves though out the week.

A minimum of 175 customers per week visit EATS Larder to pick up surplus food.

We have regularly provided food bank vouchers to our customers who require them.


ROSYTH COMMUNITY PROJECTS LIMITED (REGISTERED NUMBER: SC538909)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024


Staff and volunteers have attended NHS Fife health promotion training on the benefits checker tool so that we can support customers with checking their benefits at a time when appointments for citizens advice are greatly oversubscribed.

Opening of EATS Living Room Café provided a commercial café vehicle to earn income for the project and provide valuable volunteering and upskilling opportunities for all.

We have worked with partnership organisations - Home Start, Kingdom Community Bank, Fife Council Welfare Rights Officer, Stop Smoking Fife, Food Champions, NHS Fife Health Promotion, The Well, Square Start, Climate Action Fife, Nourish Scotland, Greener Kirkcaldy Cycle Development, Alzheimer Scotland.

Provision of our regular Thursday and Friday Community meals with a third meal through the winter, serving more than 4000 meals in total - our evaluations see high scores for reducing loneliness and isolation as a reason for attendance.

We have commenced a project with a school for students with additional support needs, students cook ready meals for EATS Larder. This additionally results in significant benefits for the young people providing the meals.
Dementia Friendly Meeting Centre - two, 2-hour Dementia Friendly meetings per week.

We have regular activities and groups in addition to our volunteering, including chair yoga, book club, craft club, baking club, bread making, cooking classes, cake and coffee time, etc.

Rosyth Gala

Successful planning and delivery of the popular Rosyth Gala on 25 May 2024, planning is underway for the delivery of next year's gala in May 2025.

Community Development

We continue to support our volunteering workforce offering a wide range of good quality volunteering opportunities across both EATS Hub and EATS Greenspace areas.

We have increased our hub volunteers in the last year from 43 to 79 (June 2023 - June 2024). All new volunteers have had an induction and training for the role that they want to do in the café/hub.

We have 28 volunteers who self-report mental health/learning disabilities, and 34 volunteers are aged over 65.
All volunteers are regularly supported in an ad hoc way by staff and benefit from weekly social events in EATS Greenspaces and in EATS Hub.

Our communication and marketing are via newsletters, social media, posters etc. These inform and welcome the community to EATS Hub and to join our many groups, workshops and events throughout the year.


FINANCIAL REVIEW

Financial position

Income from the year was £396,353 (2023 - £336,331) primarily from grants and donations. With an expenditure of £335,364 (£2023 - £188,936), the charity had a surplus of £60,989 (2023 - £147,395).


At 30 June 2024, the charity had total funds of £956,471 (2023 - £895,482) which consisted of £269,326 (2023 - £271,024) unrestricted funds and £687,145 (2023 - £624,458) of restricted funds.


Reserves policy

The charity aims to build up free reserves (the unrestricted funds less the value of tangible assets or designated funds not readily available to be spent) of £83,000, equivalent to 6 months costs, to ensure funds are available to meet liabilities as they fall due and provide funds for future developments. At 30 June 2024, the charity had free reserves of £120,595 (2023 - £271,024) and had met this target.


ROSYTH COMMUNITY PROJECTS LIMITED (REGISTERED NUMBER: SC538909)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024


FUTURE PLANS

Ongoing planning, programming and development of EATS Greenspaces and EATS Hub services.


We will continue to develop our organisation, engaging with our members and trying new approaches to diversify our income streams.


We will continue to build partnerships and share our learning and support with other organisations and networks across Fife, Scotland and beyond.


We will review our strategy, including our vision, mission, values and objectives through collaboration with stakeholders, to ensure they meet the emerging needs of our community and to ensure that the organisation adapts

to the challenging environment in which we find ourselves.


We will carry out a review of the articles of association to bring them up to date with current best practice.


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Rosyth Community Projects Limited is a charitable company limited by guarantee, as defined by the Companies Act 2006. The company was incorporated in June 2016 and received charitable status in September 2018.


The charity is governed by its memorandum and articles of association with a membership that elects, at their Annual General Meeting, a Board of up to 12 charity trustees who manage the affairs of the charity on behalf of the membership.


The Board is supported by a small staff team who deliver the day-to-day activities of the charity.


Recruitment and appointment of new trustees

As set out in the Articles of Association, directors are elected annually, from among the members of Rosyth Community Projects Limited at the annual general meeting. At each annual general meeting, all directors retire from office but are then eligible for re-election. Any member, providing he/she is willing, may be elected. The directors may also at any time appoint any member, providing he/she is willing, to be a director.

All members are circulated with invitations to nominate directors, in advance of each annual general meeting. When considering appointing directors, the board have regard to the mixture of skills and experience of the existing directors, and to the requirement for any specialist skills.

Directors undergo an induction process, which includes a meeting with the Chair and General Manager to brief them on their legal obligations under charity and company law; the Scottish Charity Regulator's guidance on trustee duties; the charity's Memorandum and Articles of Association; decision-making processes and any sub-committees; the business plan, budget and recent performance of the charity. In addition, they are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. All new directors also meet with key employees and visit the charity's core projects, to ensure that they gain a holistic view of its values, vision and approach.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC538909 (Scotland)


Registered Charity number

048688


Registered office

Rosyth Community Hub

115A Queensferry Road

Rosyth

Fife

KY11 2PS


ROSYTH COMMUNITY PROJECTS LIMITED (REGISTERED NUMBER: SC538909)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024


Trustees

H L Blair (resigned 15.3.24)

M Cascarino

S J Lynas (resigned 8.1.24)

L Mayne (resigned 31.7.24)

S R Stewart

L Temple

D Barbour

A Griveteanu (appointed 8.1.24)

B Lumsden (appointed 8.1.24)

A Wright (appointed 28.5.24)

S J Morris (appointed 8.1.24) (resigned 21.2.24)


Independent Examiner

Haines Watts

Business Advisors and Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP


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 14 February 2025 and signed on its behalf by:






A Wright - Trustee


INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

ROSYTH COMMUNITY PROJECTS LIMITED


I report on the accounts for the year ended 30 June 2024 set out on pages seven to twenty two.


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.









Craig Hunter

The Institute of Chartered Accountants of Scotland


Haines Watts

Business Advisors and Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP


14 February 2025


ROSYTH COMMUNITY PROJECTS LIMITED


STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 JUNE 2024



2024


2023


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

2

46,105


250,447


296,552


312,458



Charitable activities

5

Charitable activities

-


1,354


1,354


9,878



Other trading activities

3

89,121


-


89,121


7,567


Investment income

4

9,326


-


9,326


6,028


Other income

-


-


-


400


Total

144,552


251,801


396,353


336,331



EXPENDITURE ON

Raising funds

39,468


-


39,468


-



Charitable activities

6

Charitable activities

89,544


206,352


295,896


188,936


Total

129,012


206,352


335,364


188,936



NET INCOME

15,540


45,449


60,989


147,395


Transfers between funds

19

(17,238

)

17,238


-


-


Net movement in funds

(1,698

)

62,687


60,989


147,395



RECONCILIATION OF FUNDS

Total funds brought forward

271,024


624,458


895,482


748,087



TOTAL FUNDS CARRIED FORWARD

269,326


687,145


956,471


895,482



ROSYTH COMMUNITY PROJECTS LIMITED (REGISTERED NUMBER: SC538909)


STATEMENT OF FINANCIAL POSITION

30 JUNE 2024



2024


2023


Notes

£   

£   


FIXED ASSETS


Tangible assets

12

755,498


815,846



CURRENT ASSETS


Stocks

13

2,000


-


Debtors

14

9,157


13,293


Cash at bank and in hand

315,994


180,346


327,151


193,639



CREDITORS


Amounts falling due within one year

15

(54,308

)

(29,633

)


NET CURRENT ASSETS

272,843


164,006



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,028,341


979,852



CREDITORS


Amounts falling due after more than one year

16

(71,870

)

(84,370

)


NET ASSETS

956,471


895,482


FUNDS

19

Unrestricted funds

269,325


271,024


Restricted funds

687,146


624,458


TOTAL FUNDS

956,471


895,482



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.


ROSYTH COMMUNITY PROJECTS LIMITED (REGISTERED NUMBER: SC538909)


STATEMENT OF FINANCIAL POSITION - continued

30 JUNE 2024


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




The financial statements were approved by the Board of Trustees and authorised for issue on 14 February 2025 and were signed on its behalf by:






A Wright - Trustee


ROSYTH COMMUNITY PROJECTS LIMITED


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.



The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.



The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.



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.



Income consists of grants, donations, government grants, and income from investments and related income tax recoverable and is credited in the year in which it is receivable except when received in advance, when it is credited in the year in which it falls due. Income investment relates wholly to interest received on bank deposits.



Trade from charitable trading activity relates to the operation of the community hub cafe and income is accounted for when earned.



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.



CHARITABLE ACTIVITIES


Charitable activities include expenditure directly related to the objects of the charity, including such support costs identifiable as an integral part of the carrying out of those charitable activities.



TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Heritable property

-

7% on cost


Plant and machinery

-

20% per annum on cost


Motor vehicles

-

25% per annum reducing balance


Tangible fixed assets are capitalised if they have a value greater than £250 and can be used for more than one year. They are valued at cost or, if gifted, at their value on receipt.

The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.


ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


1.

ACCOUNTING POLICIES - continued



STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


TAXATION

The charity is exempt from corporation tax on its charitable activities.

Irrecoverable VAT is included in the asset cost or expense to which it relates.


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.



COMPANY STATUS

The charity is a company limited by guarantee. The company is a membership organisation and the Trustees named on page 3 were elected or appointed under the Memorandum and Articles of Association. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2.

DONATIONS AND LEGACIES


2024


2023

£   

£   



Donations

24,558


35,365




Gift aid

4,000


4,000




Grants

235,626


252,811




Services provided

5,000


6,411




Rosyth gala income

27,368


13,871



296,552


312,458




ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


2.

DONATIONS AND LEGACIES - continued



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



2024


2023

£   

£   



Fife council

111,989


42,250




Impact Funding Partners

6,500


13,000




Rosyth Community Council

1,500


4,171




The Robertson Trust

13,000


13,000




The National Lottery

70,125


21,666




The Neighbourly Foundation

-


500




Fife Voluntary Action

-


22,376




Fife Environment Trust

-


50,000




Energy Savings Trust

-


30,000




Bank of Scotland Foundation

4,465


31,600




Strive Towards a New Day

12,050


10,000




Carnegie Dunfermline Trust

-


11,500




Rosyth Gothenburg Trust

-


1,000




Co-op

-


1,498




Baynes the Baker

-


250




Asda Foundation

1,200


-




Fife Communites Climate Action

1,000


-




Greener Kirkcaldy

5,397


-




Mushroom Trust

3,400


-




OVO Foundation

5,000


-



235,626


252,811




3.

OTHER TRADING ACTIVITIES


2024


2023

£   

£   



Fundraising events

4,666


-




Cafe takings

81,149


7,567




Hire of hub

3,306


-



89,121


7,567




4.

INVESTMENT INCOME


2024


2023

£   

£   



Bank interest

9,326


6,028





ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


5.

INCOME FROM CHARITABLE ACTIVITIES


2024


2023


Activity

£   

£   



Grants

Charitable activities

1,354


9,878





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


2024


2023

£   

£   



Agnes Hunter Trust

1,354


9,878




6.

CHARITABLE ACTIVITIES COSTS


Direct



Costs (see

Support



note 7)

costs

Totals

£   

£   

£   



Charitable activities

290,242


5,654


295,896




7.

DIRECT COSTS OF CHARITABLE ACTIVITIES


2024


2023

£   

£   



Staff costs

133,609


94,629




Rent and rates

3,093


19,176




Insurance

2,502


608




Light and heat

13,749


1,519




Telephone and internet

926


701




Postage and stationery

692


91




Volunteer travel expenses

507


472




IT costs

2,036


2,082




Training

1,625


1,319




Cleaning

2,405


1,225




Cafe food and sundry expenses

2,352


3,424




Food expenses

5,042


3,702




Garden expenses

3,152


2,572




Repairs and renewals

1,715


-




Events and catering

24,612


12,361




Gala expenditure

27,312


26,772




Professional fees

-


254




Motor expenses

1,628


1,285




Depreciation

63,285


7,771



290,242


179,963





ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


8.

NET INCOME/(EXPENDITURE)



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




2024


2023

£   

£   



Depreciation - owned assets

63,284


7,771




Surplus on disposal of fixed assets

-


(400

)



9.

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.


10.

STAFF COSTS




2024


2023






£


£




Salaries


125,440


92,722




Employers' pensions


8,169


1,907





133,609


94,629





No employee received remuneration of more than £60,000 (2023 - none).



The average number of employees was 9 (2023 - 6).



The company operates a defined contribution pension scheme in respect of its employees. The assets are held by independent managers. The pension charge of £8,169 (2023 - £1,907) represents contributions due from the charity for the year. At the year end £3,991 (2023 - £552) contributions were outstanding.


11.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

143,724


168,734


312,458




Charitable activities


Charitable activities

-


9,878


9,878




Other trading activities

7,567


-


7,567



Investment income

6,028


-


6,028



Other income

400


-


400



Total

157,719


178,612


336,331




ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


11.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   



EXPENDITURE ON


Charitable activities


Charitable activities

24,504


164,432


188,936




NET INCOME

133,215


14,180


147,395





RECONCILIATION OF FUNDS


Total funds brought forward

137,809


610,278


748,087




TOTAL FUNDS CARRIED FORWARD

271,024


624,458


895,482



12.

TANGIBLE FIXED ASSETS


Heritable


Plant and


Motor


Computer



property


machinery


vehicles


equipment


Totals

£   

£   

£   

£   

£   



COST


At 1 July 2023

834,964


29,027


3,595


1,035


868,621




Additions

-


2,936


-


-


2,936




At 30 June 2024

834,964


31,963


3,595


1,035


871,557




DEPRECIATION


At 1 July 2023

37,769


12,586


2,079


341


52,775




Charge for year

58,447


4,117


379


341


63,284




At 30 June 2024

96,216


16,703


2,458


682


116,059




NET BOOK VALUE


At 30 June 2024

738,748


15,260


1,137


353


755,498




At 30 June 2023

797,195


16,441


1,516


694


815,846




13.

STOCKS

2024

2023


£   

£   



Stocks

2,000


-





ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


14.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Other debtors

1,322


11,138




Prepayments

7,835


2,155



9,157


13,293




15.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Loans less than one year (see note 17)

12,499


12,499




Trade creditors

12,548


2,815




Other creditors

3,992


552




Deferred income

12,500


1,354




Accruals

12,769


12,413



54,308


29,633




16.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023


£   

£   



Loans less than one year (see note 17)

71,870


84,370




17.

LOANS



An analysis of the maturity of loans is given below:




2024


2023





£


£




Amounts falling due within one year


12,499


12,499




Amounts falling due more than one year


71,870


84,370





84,369


96,869




18.

ANALYSIS OF NET ASSETS BETWEEN FUNDS

2024

2023



Unrestricted


Restricted


Total


Total


funds


funds


funds


funds

£   

£   

£   

£   



Fixed assets

245,316


510,182


755,498


815,846




Current assets

137,687


189,464


327,151


193,639




Current liabilities

(41,808

)

(12,500

)

(54,308

)

(29,633

)



Long term liabilities

(71,870

)

-


(71,870

)

(84,370

)


269,325


687,146


956,471


895,482




ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


18.

ANALYSIS OF NET ASSETS BETWEEN FUNDS - continued





2023


2022






Unrestricted


Restricted


Total


Total





funds


funds


funds


funds




£   


£   


£   


£   




Fixed assets


244,476


571,370


815,846


268,586




Current assets


139,197


54,442


193,639


497,684




Current liabilities


(28,279

)

(1,354

)

(29,633

)

(18,183

)



Long term liabilities


(84,370

)

-


(84,370

)

-





271,024


624,458


895,482


748,087




19.

MOVEMENT IN FUNDS


Net


Transfers




movement


between


At



At 1.7.23


in funds


funds


30.6.24


£   

£   

£   

£   



Unrestricted funds


General fund

271,024


10,380


(17,238

)

264,166




Designated fund - The Robertson Trust

-


5,159


-


5,159



271,024


15,539


(17,238

)

269,325




Restricted funds


The National Lottery Communities Fund

-


(179

)

179


-




Rosyth Gala

13,367


57


13,122


26,546




Capital Costs of Developing a new

Community Hub

545,768


(57,817

)

-


487,951




Community Hub Refurbishment

24,834


(1,999

)

-


22,835




Warm Spaces

-


(197

)

197


-




Community Garden Regeneration

3,000


-


-


3,000




The Volunteering Support Fund

-


(82

)

82


-




Bank of Scotland Foundation - Invest

Grant

26,240


(29,871

)

3,631


-




Community Hub Energy Cost

981


-


-


981




Creative Therapeutic Activities

9,500


25,980


-


35,480




Centenary Orchard - Classroom upgrade

768


(604

)

-


164




Greenspaces

-


5,000


-


5,000




Cost of Living

-


(26

)

26


-




Seed and Development Fund

-


(1

)

1


-




EATS Educates Fund

-


92,745


-


92,745




Mental Health and Wellbeing Fund

-


563


-


563




Sensory Garden Fund

-


3,382


-


3,382




Shed Grant

-


6,499


-


6,499




Larder Fund

-


2,000


-


2,000



624,458


45,450


17,238


687,146




TOTAL FUNDS

895,482


60,989


-


956,471




ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


19.

MOVEMENT IN FUNDS - continued



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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

131,552


(121,172

)

10,380




Designated fund - The Robertson Trust

13,000


(7,841

)

5,159



144,552


(129,013

)

15,539




Restricted funds


The National Lottery Communities Fund

50,885


(51,064

)

(179

)



Rosyth Gala

27,369


(27,312

)

57




Capital Costs of Developing a new

Community Hub

-


(57,817

)

(57,817

)



Community Hub Refurbishment

-


(1,999

)

(1,999

)



Warm Spaces

4,990


(5,187

)

(197

)



The Volunteering Support Fund

6,500


(6,582

)

(82

)



Bank of Scotland Foundation - Invest

Grant

4,465


(34,336

)

(29,871

)



Creative Therapeutic Activities

31,742


(5,762

)

25,980




Centenary Orchard - Classroom upgrade

-


(604

)

(604

)



Greenspaces

5,000


-


5,000




Supported Volunteering in the Heart of the

Community

1,354


(1,354

)

-




Cost of Living

1,200


(1,226

)

(26

)



Seed and Development Fund

1,000


(1,001

)

(1

)



EATS Educates Fund

100,000


(7,255

)

92,745




Mental Health and Wellbeing Fund

5,397


(4,834

)

563




Sensory Garden Fund

3,400


(18

)

3,382




Shed Grant

6,499


-


6,499




Larder Fund

2,000


-


2,000



251,801


(206,351

)

45,450




TOTAL FUNDS

396,353


(335,364

)

60,989





ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


19.

MOVEMENT IN FUNDS - continued



Comparatives for movement in funds



Net




movement


At



At 1.7.22


in funds


30.6.23


£   

£   

£   



Unrestricted funds


General fund

137,809


133,215


271,024





Restricted funds


Improving the environment

37,218


(37,218

)

-




The National Lottery Communities Fund

11,793


(11,793

)

-




covid-19

35,346


(35,346

)

-




Rosyth Gala

5,381


7,986


13,367




Capital Costs of Developing a new

Community Hub

520,540


25,228


545,768




Community Hub Refurbishment

-


24,834


24,834




Community Garden Regeneration

-


3,000


3,000




Bank of Scotland Foundation - Invest

Grant

-


26,240


26,240




Community Hub Energy Cost

-


981


981




Creative Therapeutic Activities

-


9,500


9,500




Centenary Orchard - Classroom upgrade

-


768


768



610,278


14,180


624,458




TOTAL FUNDS

748,087


147,395


895,482




ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


19.

MOVEMENT IN FUNDS - continued



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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

157,719


(24,504

)

133,215





Restricted funds


Improving the environment

-


(37,218

)

(37,218

)



The National Lottery Communities Fund

-


(11,793

)

(11,793

)



covid-19

-


(35,346

)

(35,346

)



Rosyth Gala

34,758


(26,772

)

7,986




Capital Costs of Developing a new

Community Hub

30,000


(4,772

)

25,228




Community Hub Refurbishment

25,000


(166

)

24,834




Warm Spaces

2,487


(2,487

)

-




Bite and Blether sessions and Cooking

Club

9,497


(9,497

)

-




Community Garden Regeneration

10,392


(7,392

)

3,000




The Volunteering Support Fund

13,000


(13,000

)

-




Bank of Scotland Foundation - Invest

Grant

29,100


(2,860

)

26,240




Community Hub Energy Cost

2,500


(1,519

)

981




Creative Therapeutic Activities

10,000


(500

)

9,500




Centenary Orchard - Classroom upgrade

1,500


(732

)

768




Greenspaces

500


(500

)

-




Supported Volunteering in the Heart of the

Community

9,878


(9,878

)

-



178,612


(164,432

)

14,180




TOTAL FUNDS

336,331


(188,936

)

147,395





The objects of each designated funds are as follows:



The Robertson Trust


Funding is allocated towards the General Manager salary costs.






The objects of each of the restricted funds are as follows:



Improving the Environment


Greenspace costs



The National Lottery Communities

Fund


Fund to encourage greenspace events for families



Project Manager Staff


Revenue fund for staff salary



Healthy Mind and Body


Fund to cover events and activities for mental wellbeing and

wellness.



COVID-19


Fund to provide community Covid-19 support to those in need.



Rosyth Gala


Fund to provide community support to those in need



Community Hub Fund


Fund to cover refurbishment cost of conversion of former bank

premises to new community hub



Warm Spaces Fund


Funding was provided by Fife Voluntary Action to provide warm

spaces and activities over the winter period.



ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


19.

MOVEMENT IN FUNDS - continued



Bite and Blether sessions and Cooking

Club Fund


Fife Voluntary Action provided funding towards providing sessions

and a cooking club



Communities Mental Health and

Wellbeing Fund


Fife Voluntary Action provided funding towards the community

garden regeneration



The Volunteering Support Fund


Impact Funding provided funding to assist in recruiting additional

volunteers who contribute new volunteering projects or expand

existing ones, with particular focus on volunteers who are

disadvantaged.



Bank of Scotland Foundation Invest

Fund


The Bank of Scotland Foundation provided funding towards salary

costs, in particular a community food co-ordinator, community cook

and cleaner.



Community Hub Energy Costs


Foundation Scotland provided funding towards the energy costs of

running the Community Hub.



Creative Therapeutic Activities


Funding was received from Striving Towards a New Day for

creative therapeutic activities and provide a dementia friendly

meeting centre.



Centenary Orchard - Classroom

upgrade


Carnegie Dunfermline Trust provided funding to upgrade the the

classroom heat and light system.



Supported Volunteering in the Heart of

the Community


The Agnes Hunter Trust provided funding to expand the number of

volunteering opportunities for disabled adults in the orchard,

garden and community hub.



Cost of Living fund


The Asda Foundation provided funding to enable us to offer

community events for free.



Seed and Development fund


Fife Communities Climate Action Network provided funding to

enhance play areas with trees, and orchard and garden plants and

activities.



EATS Educates: Children and Families

Growing and Eating Fruit and Veg


Fife Council provided funding to work with primary schools with

Growing and Eating Fruit and Veg the aim of improving the diets

of children, to encourage children to learn from plant to plate, to be

self sufficient, how to cook with ingredients and involve parents.



Sensory Garden Fund


Funding has been provided by the Mushroom Trust for building a

sensory garden on the orchard.



Shed Grant


Funding has been provided to build a new Tea Shed in the

Community Garden.



Larder Fund


Funding has been provided to ensure there is product on the shelves

in our larder for people to benefit from.




TRANSFERS BETWEEN FUNDS



An amount of £13,122 has been transferred from the Unrestricted General fund to the Rosyth Gala fund at 30 June 2024. Income and expenses relating to the 2022 Rosyth Gala were reported through the Statement of Financial Activities but allocated to the General Fund in a prior year.



ROSYTH COMMUNITY PROJECTS LIMITED


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024


20.

RELATED PARTY DISCLOSURES


There were no related party transactions for the year ended 30 June 2024 (2023 - none).