REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
ROSYTH COMMUNITY PROJECTS LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
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 |
Registered Charity number |
Registered office |
ROSYTH COMMUNITY PROJECTS LIMITED (REGISTERED NUMBER: SC538909) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
Trustees |
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 |
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 |
Charitable activities | 5 |
Other trading activities | 3 |
Investment income | 4 |
Other income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities | 6 |
Total |
NET INCOME |
Transfers between funds | 19 | (17,238 | ) | 17,238 | - | - |
Net movement in funds | ( | ) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 895,482 |
TOTAL FUNDS CARRIED FORWARD | 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 |
CURRENT ASSETS |
Stocks | 13 |
Debtors | 14 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 15 | ( | ) | ( | ) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 16 | ( | ) | ( | ) |
NET ASSETS |
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 |
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 | - |
Plant and machinery | - |
Motor vehicles | - |
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 |
Gift aid |
Grants |
Services provided | 5,000 | 6,411 |
Rosyth gala income | 27,368 | 13,871 |
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 |
Cafe takings | 81,149 | 7,567 |
Hire of hub | 3,306 | - |
4. | INVESTMENT INCOME |
2024 | 2023 |
£ | £ |
Bank interest |
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 |
Surplus on disposal of fixed assets | ( | ) |
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 |
Charitable activities |
Other trading activities |
Investment income |
Other income |
Total |
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 |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 137,809 | 610,278 |
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 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
13. | STOCKS |
2024 | 2023 |
£ | £ |
Stocks |
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 |
Prepayments |
15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Loans less than one year (see note 17) |
Trade creditors |
Other creditors |
Deferred income | 12,500 | 1,354 |
Accruals |
16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Loans less than one year (see note 17) | 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 |
Current liabilities | ( | ) | ( | ) | ( | ) | ( | ) |
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 |
15,539 | ( | ) |
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 | 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 |
( | ) | 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 |
(206,351 | ) | 45,450 |
TOTAL FUNDS | 396,353 | ( | ) | 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). |