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REGISTERED COMPANY NUMBER: SC634107 (Scotland)

REGISTERED CHARITY NUMBER: SC052209















REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR


ARDROSSAN COMMUNITY DEVELOPMENT TRUST
LTD


ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024












Page



Report of the Trustees  

1


to


10


Report of the Independent Auditors  

11


to


13


Statement of Financial Activities  

14



Balance Sheet  

15



Cash Flow Statement  

16



Notes to the Cash Flow Statement  

17



Notes to the Financial Statements  

18


to


30


ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD (REGISTERED NUMBER: SC634107)


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

The company has been formed to benefit principally the community of Ardrossan which comprises of all the postcode units within postcode sector (KA22) ("the Community") with the following objects:

1. The advancement of community development, including the advancement of urban/rural regeneration
2. The maintenance, regeneration and improvement of the communities physical,economic, social and cultural infrastructure.
3. The advancement of education, training, arts, culture, heritage, sports, recreation, environmental improvement, social and economic wellbeing.


ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD (REGISTERED NUMBER: SC634107)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024



OBJECTIVES AND ACTIVITIES

Significant activities

The main activities undertaken in relation to these purposes during the year.


1. Staffing

The following staff support ACDT's Trustees in the development and delivery of activities and projects that deliver on ACDT's charitable purposes:


Bill Anderson - Community Development Officer - start date 1 August 2024.

Emily Campbell - Community Trust Worker - start date 22 November 2022.

Gillian Young - Community Trust Worker Part-time - start date 24 September 2024.

Teri Beattie - Community Trust Worker Part-time - contract end date 5 April 2024.

Kaci Colville - Community Trust Worker - contract end date 5 April 2024.

Gillian, Terri and Kaci are/were employed through the Parental Employability Programme.

Edward Gibb - Community Development Officer - start date 13 June 2022.


2. Completion of the extension to the South Beach Play Park, providing increased access to accessible equipment including:

a. Wheelchair swing.

b. Accessible swing.

c. Accessible link paths.

d. Community maze.


3. Completion of the HUB on the PROM which incudes the following community facilities:

a. Changes Places Toilet Facility

b. Beach House Cafe

c. HUB on the PROM Kiosk from which the following services will be provided:

   i. Free wheeler chair hire

   ii. Free crazy golf equipment hire

   iii. Free deckchair hire

d. Beach huts that will be commercially leased to differing small businesses as business incubators and/or pop up shops.

e. Creation of community green spaces on the Prom, enabling the provision of community events and activities including:

   i. Funfairs and markets.

   ii. The establishment of large sculpture(s) reflecting the maritime history of Ardrossan.

   iii. The installation of a memorial tree as part of a reflection garden.

The official opening of the HUB on the PROM by North Ayrshire's Deputy Provost, John Sweeney, took place on 11 October 2024. Attendees included members of the Scottish Government's Regeneration Fund (RCGF) team, North Ayrshire Councillors and Senior Officers, members of Shirley Morgan's family (a dedication plaque was unveiled in celebration of Shirley's life and positive contribution to the Three Town's communities), ACDT Trustees, members of the project team and members of Ardrossan's communities.


4. Delivery of the National Lottery Community Anchor Fund which supports approximately 344 individuals and 250 families through the provision of:

a. Fuel payment vouchers.

b. Winter clothing vouchers.

c. Food vouchers.

d. Small electrical equipment (slow cookers, microwaves).

ADT secured an extension of this fund to allow the continued provision of support to the most vulnerable members of Ardrossan's communities.


5. The short term and longer-term aims and objectives.

ADT staff and trustees will continue to support the short term aims of the charity ie.

a. Promotion of Ardrossan as a great place to work, play and stay and the promotion of Ardrossan as a positive       destination in terms of visitors, sports, arts and crafts.



ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD (REGISTERED NUMBER: SC634107)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024



OBJECTIVES AND ACTIVITIES

b. Manage community land and associated assets for the benefit of the community and public in general as an important part of the protection and sustainable development of the local environment and to advise in relation to prepare, organise, conduct and/or support training courses, education and training events and activities of all kinds.

c. Maintain our website allowing us to design, prepare, publish and/or distribute information which informs the community of our actions. We will also promote, operate, coordinate, monitor and/or support other projects and programmes which further the objects of the charity, this includes providing advisory support and/or consultancy services. We will consult with local authority, central government authorities and agencies, charities, community benefit bodies and others, all with a view to further our short term and long term objectives.

d. Development and delivery of capital projects that will deliver a centre or centres providing facilities for childcare, community learning, healthy living initiatives, education and cultural activities, training activities, leisure pursuits and accommodation for community groups and for public sector agencies which provide services of benefit to the community.

e. The promotion of companies whose activities may further one or more of our objectives, including where necessary the acquisition of the whole or any part of the undertaking and liabilities of community groups/individuals holding property or rights for the charity's activities including purchasing, leasing or hiring any properties or rights which are suitable for the companies activities.


Volunteers

The charity continued to receive significant contributions from volunteers throughout the reporting year within the following activities:

a. Provision of appropriate levels of governance and strategic direction to the charity via our trustee programme.
b. Support with community engagement activities including:
i. Distributing information the charity's activities programmes and developments to our local communities.
ii. Seeking and collating the views of Ardrossan's communities, particularly to identify the key needs, aspirations and views of our communities, allowing the charity to develop and deliver activities that meet these needs and aspirations.
c. Supporting the charity's staff in the provision of its services.

The participation of the volunteers is vital in supporting the charity in the delivery of its activities. In the future we foresee a requirement to increase the number of volunteers as the charity provides a wider range of services to the local community.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The main achievements of the charity in the year were;

a. Securing capital grant funding to construct and open the HUB on the PROM and Accessible South Beach Playpark. This included grants from:

i. Scottish Government's Capital Grant Fund (RCGF).
ii. Scottish Government's Community & Renewable Energy Scheme (CARES).
iii. National Lottery Community Fund.
iv. North Ayrshire Council.

b. Securing revenue funding supporting the employment costs of the Community Development Officer and Community Trust Worker.

c. Securing National Lottery Community Anchor Fund support to enable the charity to provide additional food, energy and clothing support to the most vulnerable members of the community.


ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD (REGISTERED NUMBER: SC634107)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024



ACHIEVEMENT AND PERFORMANCE

Fundraising activities

Securing of funding to support ACDT's charitable activities and purposes including:

a. People's Postcode Trust - £25,000 to support the salary and employer oncosts for ACDT's development officer.

b. North Ayrshire Ventures Trust funding - £30,000 (£10,000 per annum to 2026) to support the staffing and employer oncosts of ACDT's full-time staff (development officer and community trust worker).

c. Grant funding applications continue to be developed, submitted and secured to support the charity's ongoing delivery of activities that meet the charity's vision and the needs and aspirations of the community the charity supports.

d. Management of the Sorbie Wind Farm Community Fund, which will be distributed during 2025 by the charity to support activities and events identified and wanted by its community.

The charity's impact on our community.

With the completion of the South Beach Play Park and HUB on the PROM, the charity continues to deliver activities that are identified by our communities, and through these continues to develop as a community anchor organisation.

The activities developed and delivered will continue to be community led, interactively and collaboratively involve our community, and have accessibility, and the health and wellbeing of our community at its heart.

Examples of such activities developed and/or under development include:
a) The Grey Dippers and other open water clubs.
b) Individuals and groups wishing to access kayaking, kiting and power kiting, and walking & cycling groups.
c) The 3 Towns Shutterbug Photography Club, which held an exhibition in one of the beach huts.
d) Further linkages with other HUBS across the Three Towns using Active Travel Network.

The official opening of the HUB on the PROM has generated significant levels of community engagement and interaction between the charity, the community, the cafe lessee, and visitors to Ardrossan.

The charity, using the activities delivered as catalyst project, continues to seek the views and thoughts of its communities on their aspirations for the town and will continue to develop and submit grant applications to support the development and delivery of these enabling the charity to continue its development journey as a community anchor organisation.

Local communities and residents feel energised that positive things are happening in their town that are good for Ardrossan as a town and community, but that these activities are also influenced and managed by the community themselves.

Stakeholders, partners, local communities and the wider public at large have been enthusiastic about the charity's work. It is clear through the charity's achievement and performance that the charity's community identity continues to have a positive impact on Ardrossan as a town and community.

This identity is helping the community thrive, people feel better about where they stay, they feel better about each other, they see a better future for themselves and their town, they also see the positive aspect of the work the charity does and understand its impact on anti-social behaviour such as crime, domestic abuse, drug use and anti-social behaviour from children.


ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD (REGISTERED NUMBER: SC634107)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024



FINANCIAL REVIEW

Financial position

The financial position of the charity at 30 June 2024 and comparatives for the prior period, as more full detailed in the accounts, can be summarised as follows:




2024


2023



£


£



Net income


694,204


136,751



Unrestricted funds available for the

general purposes of the charity


22,247


8,133



Restricted funds


809,446


129,356


Total funds


831,693


137,489



The trustees consider the financial performance of the charity during the year to be satisfactory.  The trustees are confident that Ardrossan Community Development Trust are in a healthy position and that our short to mid-term future is secure (3 - 5 years).  We continue to expect that a large part of our funding will be through grants from the local authority North Ayrshire Council and through National Funding bodies such as the National Lottery and the Scottish Governments RCGF fund.  Ardrossan Community Development Trust financial sustainability looks healthy as our reputation and member numbers continue to grow, along with our assets, future planning will increase revenue and will underpin our financial sustainability.  Covid had a negative impact on our charity, it prevented our planned growth, we could not conduct planned activities and our objectives changed quite quickly from planning community facilities which would provide income, to ensuring we continue to exist and are able to plan post covid.  The charity has not managed to carry out much fundraising in the financial year and has accepted that this is an area we will improve on in the next financial year we are also positive that the acquisition of buildings though grant funding will provide an income stream that will help to sustain the longer term future of the charity.  The trustees looking ahead see a bright future for the development trust as it continues to grow and foster community relationships not only with members, the community in general but also with the local housing association and the local authority and other funders. As our reputation develops we are confident that our aims and objectives will continue to be achieved and that this will have a positive impact not only financially but on the community we serve.



ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD (REGISTERED NUMBER: SC634107)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024



FINANCIAL REVIEW

Reserves policy

Ardrossan Community Development Trust exists for the benefit of the inhabitants of the local area to improve the physical environment and positively impact on the life of the local community through achieving their aspirations. Primarily its funding streams will be mainly via grant funding from local fundraising, the local authority and national funders.
The rationale behind the reserves policy:
The board of trustees recognise they have a duty to use the organisation's funds within a reasonable time of receiving them. However, we also need to maintain the charity's future, absorb setbacks, and take advantage of change and opportunity. To provide for this we need to set income aside, when we can afford to, as a reserve for future, or against future uncertainties. Reserves are required to cover the overheads of the buildings it maintains and the main activities it undertakes. Although, it does need to be stated that these overheads are low at present, after we complete developments in the next financial year our commitments will increase.

The board of trustees will over a period set aside reserves to cover its overheads for a 3 month period. The trustees will outline areas where there may be shortfalls in funding and how these shortfalls will be met.
It is not acceptable to have a high level of reserves, high in actual terms or even just proportionate to turnover, if they cannot be justified. This could be seen as not properly directing the resources of the charity to the furtherance of its charitable objectives. Long-term commitments to staff or leases, or refurbishment plans which may have to be paid out of reserves, should however, be considered. As the charity's overheads grow or diminish it will add or take from the reserve funds year on year to maintain a correct level of reserves. This will mean considering buildings costs and overheads and the main activities which it wishes to protect.
As part of the financial accounting period for each year the board of trustees review the number of reserves and forecast for the following financial year. We recognise that the reserves policy is not a static document, needs will change, the financial position of the charity may change, or plans may alter. We understand that it is important that the reserves policy is actively monitored and reviewed.
Having reviewed the costings for a 3 month period for the reporting period it is reasonable to assume that an amount of £15,000 will be a sufficient reserves amount. The trustees have taken into consideration the growth in our assets over the next accounting period and recognise that this amount may need to increase substantially. This will cover 3 month commitments to staff, leases, insurance, and main activities which the trustees wish to protect.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

FUTURE PLANS

The trustees will consult with the local authority (North Ayrshire Council), local housing association (Cunningham Housing Association) and government departments to maximise funding to allow us to reach our objectives.

Our practices will be informed by regular consultation with community members who will always guide the charity on its future path. The charity will focus on positively impacting the people of Ardrossan which comprise of all of the postcode units within the postcode sector of KA22.

The charity will seek to bring into use derelict land and buildings for community use and will be guided in this by community members, and will promote community ownership and wealth building ensuring the community we serve is fully active in guiding the charity.


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.



ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD (REGISTERED NUMBER: SC634107)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024



STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The appointment of new charity trustees is detailed in our articles of association which state:
Election, retiral, re-election: Member Directors
1. At each annual general meeting, the Ordinary Members may (subject to articles 77 to 81) elect any member (providing he/she is willing to act) to be a director (a "Member Director").

2. The directors may (subject to articles 77 to 81) at any time appoint any member (providing he/she is willing to act) to be a director (a "Member Director").

3. At the first annual general meeting, 3 of the Member Directors shall retire from office; the question of which of them is to retire shall be determined by some random method.

4. At each annual general meeting (other than the first)
a) any Member Director appointed under article 83 during the period since the preceding annual general meeting shall retire from office;
b) out of the remaining Member Directors, 3 shall retire from office.

5. The directors to retire under paragraph (b) of article 85 shall be those who have been longest in office since they were last elected or re-elected; as between persons who were last elected/re-elected on the same date, the question of which of them is to retire shall be determined by some random method.

6. A director who retires from office under article 85 or 86 shall be eligible for re-election.

7. Appointment/re-appointment: Co-opted Directors
In addition to their powers under article, 83 the directors may (subject to articles 77 to 81) at any time appoint any non-member of the company (providing he/she is willing to act) to be a director (a "Co-opted Director") either on the basis that he/she has been nominated by a body with which the company has close contact in the course of its activities or on the basis that he/she has specialist experience and/or skills which could be of assistance to the directors.

8. At each annual general meeting, all the co-opted directors shall retire from office - but shall then (subject to articles 77 to 81) be eligible for re-appointment under article 88. Any individual who wishes to become a trustee must lodge with the company a written application which must be signed. This application will be completed on a form provided fit by the company that person will be asked to supply such evidence as the company may reasonably request that he/she has the skills and ability to fulfil the office. The existing directors shall consider each application at a full directors meeting and decide on membership . This would then allow the applicant to stand for election as a trustee. Present members will have already completed this process but may be asked to complete it again.


ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD (REGISTERED NUMBER: SC634107)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024



STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

Risk of fraud or mismanagement
- The trustees have engaged Anderson MacDonald Accountants, who provide monthly financial information for each trustees' meeting including profit and loss (both detailed and simple) and balance sheet.
- All payments have to be accompanied by an appropriate invoice and/or payroll documentation in terms of salary payments (provided by Anderson MacDonald) and are authorised by two trustees (one of whom is the Trust's Chair).
- Proper budgetary control has been established and implemented as part of strategic financial management.
- Effective procedural checks are embedded in day-to day processes and are regularly reviewed.
- The Trust ensures that its accounts are either audited (where required) or externally independently examined by a Chartered Accountant.

Loss of income/grants
The Trust has established and implemented a number of activities to alleviate this risk factor including:
- Diversifying income sources to minimise the impact if one source dries up.
- Contingency planning for loss of specific funding, developing reserves.
- Staggering funding applications and re-applications, to ensure that these do not all happen in the same year.
- Managing fixed costs. If your operation is vulnerable to external change, it is wise to keep fixed costs, such as permanent staff low.
- Plan for a flexible organisational structure that can scale up or down, as circumstances require.

Risk of unexpected costs
The Trust continues to review and evaluate its insurance portfolio, to enable it to secure appropriate insurance cover including for:
- Volunteers.
- Equipment -against fire, flood and theft.
- Advice - to address the risk of legal action for negligent advice.
- Key people - where you are depending on the skills of specific staff to carry through business plans and generate income.

Risks in your wider operating environment
The Trust understands that the environment it operates within can change as local and national politics and funding agencys' policies and funding criteria change.
- Joining relevant strategic, governmental (local and national) and policy groups to ensure the Trust is aware of local, national policy and funding changes.
- Changes in the law, change of government and social, environmental and economic change can all have a financial impact on the organisation. Such risks are best anticipated and managed through strategic planning.

Risks to the personal finances of the voluntary management committee
The Trust has been established as a limited company with charitable status to ensure any future liability on trustees is limited.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC634107 (Scotland)


Registered Charity number

SC052209


Registered office

Frank Sweeney Centre For Enterprise

82 - 84 Glasgow Street

Ardrossan

North Ayrshire

KA22 8EH


ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD (REGISTERED NUMBER: SC634107)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024



Trustees

Ms D M Cullinane (appointed 21/10/2024)

H Delahunt

Ms E Hardie

M Mcculloch (resigned 18/3/2025)

S I Mould

Ms M I Stevenson

Ms J Gray (resigned 1/11/2023)

Ms C Powell (resigned 24/10/2023)

Ms V Powell (resigned 20/9/2023)

Ms J Strang (resigned 20/9/2023)

C Perkins (appointed 17/3/2025)


Company Secretary

H Delahunt


Auditors

Galbraith Pritchards

Chartered Accountants & Statutory Auditor

20 Barns Street

Ayr

Ayrshire

KA7 1XA


Bankers

Virgin Money


Solicitors

Harper MacLeod

The Ca'd'oro

4 Gordon Street

Glasgow

G1 3PE


Accountants

Anderson MacDonald

29 Hamilton Street

Saltcoats

KA21 5 DT


STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Ardrossan Community Development Trust Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to


-

select suitable accounting policies and then apply them consistently;

-

observe the methods and principles in the Charity SORP;

-

make judgements and estimates that are reasonable and prudent;

-

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.



ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD (REGISTERED NUMBER: SC634107)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2024



STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued


The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


In so far as the trustees are aware:


-

there is no relevant audit information of which the charitable company's auditors are unaware; and

-

the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.


AUDITORS

The auditors,  Galbraith Pritchards, will be proposed for re-appointment at the forthcoming Annual General Meeting.


Approved by order of the board of trustees on 14 April 2025 and signed on its behalf by:






H Delahunt - Trustee


REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF

ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD



Opinion

We have audited the financial statements of Ardrossan Community Development Trust Ltd (the 'charitable company') for the year ended 30 June 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The previous year's accounts did not require to be audited.

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 30 June 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006.

Basis for opinion

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 UK, including the FRC'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.


Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' 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 trustees with respect to going concern are described in the relevant sections of this report.


Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.


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.


In connection with our audit of the financial statements, 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 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.


Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-

the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Report of the Trustees has been prepared in accordance with applicable legal requirements.


REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF

ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD



Matters on which we are required to report by exception

In the light of the 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 Report of the Trustees.


We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires 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 trustees' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit; or

-

the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.


Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees 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 trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.


Our responsibilities for the audit of the financial statements

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 a Report of the Independent Auditors 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.


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 focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 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.  We did not identify any key audit matters relating to irregularities, including fraud.  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 Report of the Independent Auditors.


REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF

ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD



Use of our report

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 the trustees 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 and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.





Marguerite Roos BAcc CA (Senior Statutory Auditor)

for and on behalf of Galbraith Pritchards

Chartered Accountants & Statutory Auditor

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

20 Barns Street

Ayr

Ayrshire

KA7 1XA


16 April 2025


ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 JUNE 2024



30/6/24


30/6/23


Unrestricted


Restricted


Total


Total


fund


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

2

3,100


-


3,100


75



Charitable activities

3

Capital grants

-


760,897


760,897


90,640


Revenue Grants

37,601


(1,499

)

36,102


105,860


Charitable activities

22,860


-


22,860


20,600


Total

63,561


759,398


822,959


217,175



EXPENDITURE ON

Charitable activities

4

Charitable activities

32,660


44,559


77,219


55,940


Governance costs

6,050


-


6,050


1,476


Support costs

10,288


35,198


45,486


23,008


Total

48,998


79,757


128,755


80,424



NET INCOME

14,563


679,641


694,204


136,751


Transfers between funds

14

(449

)

449


-


-


Net movement in funds

14,114


680,090


694,204


136,751



RECONCILIATION OF FUNDS

Total funds brought forward

8,133


129,356


137,489


738



TOTAL FUNDS CARRIED FORWARD

22,247


809,446


831,693


137,489



ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD (REGISTERED NUMBER: SC634107)


BALANCE SHEET

30 JUNE 2024



30/6/24


30/6/23


Unrestricted


Restricted


Total


Total


fund


funds


funds


funds


Notes

£   

£   

£   

£   


FIXED ASSETS


Tangible assets

10

2,500


805,525


808,025


51,995



CURRENT ASSETS


Debtors

11

29,175


-


29,175


3,340


Cash at bank

33,005


34,320


67,325


110,184


62,180


34,320


96,500


113,524



CREDITORS


Amounts falling due within one year

12

(42,433

)

(30,399

)

(72,832

)

(28,030

)


NET CURRENT ASSETS

19,747


3,921


23,668


85,494



TOTAL ASSETS LESS CURRENT

LIABILITIES

22,247


809,446


831,693


137,489



NET ASSETS

22,247


809,446


831,693


137,489


FUNDS

14

Unrestricted funds

22,247


8,133


Restricted funds

809,446


129,356


TOTAL FUNDS

831,693


137,489



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


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






S I Mould - Trustee


ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 JUNE 2024



30/6/24


30/6/23


Notes

£   

£   



Cash flows from operating activities

Cash generated from operations

1

747,133


87,935



Tax paid

-


(173

)


Net cash provided by operating activities

747,133


87,762




Cash flows from investing activities

Purchase of tangible fixed assets

(789,992

)

(54,161

)


Net cash used in investing activities

(789,992

)

(54,161

)



Change in cash and cash equivalents in

the reporting period

(42,859

)

33,601



Cash and cash equivalents at the

beginning of the reporting period

110,184


76,583



Cash and cash equivalents at the end of

the reporting period

67,325


110,184




ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 JUNE 2024



1.

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES


30/6/24


30/6/23

£   

£   



Net income for the reporting period (as per the Statement of Financial

Activities)

694,204


136,751




Adjustments for:


Depreciation charges

33,962


2,166




(Increase)/decrease in debtors

(25,835

)

368




Increase/(decrease) in creditors

44,802


(51,350

)



Net cash provided by operations

747,133


87,935





2.

ANALYSIS OF CHANGES IN NET FUNDS



At 1/7/23

Cash flow

At 30/6/24

£   

£   

£   



Net cash



Cash at bank

110,184


(42,859

)

67,325



110,184


(42,859

)

67,325




Total

110,184


(42,859

)

67,325




ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


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.



GOING CONCERN


The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flows of these are uncertain funding streams. Accordingly, the trustees have obtained financial forecasts and, after reviewing are satisfied that, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern.



CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.


INCOME


All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.



Income from government and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and not deferred.



EXPENDITURE


Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.



TANGIBLE FIXED ASSETS

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



Leasehold improvements

-

4% on cost


Computer equipment

-

25% on cost



ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



1.

ACCOUNTING POLICIES - continued



TANGIBLE FIXED ASSETS


A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.



Assets purchased for a cost of less than £100 are not capitalised.



ACCOUNTING FOR CAPITAL GRANTS AND FIXED ASSET FUNDS


Gifts of tangible fixed assets or grants of a capital nature, given for the purposes of acquiring specific assets to be fully utilised in the furtherance of the objects of the charity, are credited to fixed asset funds after the donated asset has been received or sums have been properly expended on the restricted purpose.



TAXATION

The charity is exempt from corporation tax on its charitable activities. Expenditure is inclusive of any VAT which cannot be recovered.


FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS


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



FINANCIAL INSTRUMENTS

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

PROVISIONS
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

2.

DONATIONS AND LEGACIES


30/6/24


30/6/23

£   

£   



Donations

3,100


75





ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



3.

INCOME FROM CHARITABLE ACTIVITIES


30/6/24


30/6/23


Activity

£   

£   



Grants

Capital grants

760,897


90,640




Grants

Revenue Grants

36,102


105,860




Management fees

Charitable activities

18,915


17,000




Other income

Charitable activities

3,945


3,600



819,859


217,100





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


30/6/24


30/6/23

£   

£   



National Lottery - Playpark

253,870


3,200




North Ayrshire Council- Hob On the Prom

1,200


-




RCGF - Hub On The Prom

503,380


-




Transfer to Playpark

2,447


-




DTA -Scotland

2,904


-




North Ayrshire Council- Development Officer

(2,067

)

50,366




North Ayrshire Council - Container

(2,032

)

7,015




Cunningham Housing Association

10,000


5,000




North Ayrshire Council - Parental Employment

27,297


-




North Ayrshire Council Playpark

-


15,829




North Ayrshire Council - Toilet Block

-


62,609




DTA Scotland - Accounting

-


1,752




North Ayrshire Council Prom Lease

-


2,449




Sustrans - Mural

-


5,000




National Lottery Anchor Fund

-


27,300




Cunningham Housing Association - Playpark

-


3,000




Cunningham Housing Association - Toilet Block

-


2,000




DTA Scotland - Toilet Block

-


2,250




CEIS - Kickstart

-


8,730



796,999


196,500




4.

CHARITABLE ACTIVITIES COSTS


Support



Direct

costs (see



Costs

note 5)

Totals

£   

£   

£   



Charitable activities

77,219


-


77,219




Governance costs

-


6,050


6,050




Support costs

41,005


4,481


45,486



118,224


10,531


128,755





ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



5.

SUPPORT COSTS


Governance


costs

£   



Governance costs

6,050




Support costs

4,481



10,531




6.

NET INCOME/(EXPENDITURE)



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




30/6/24


30/6/23

£   

£   



Auditors' remuneration

4,500


-




Depreciation - owned assets

33,962


-




7.

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.


8.

STAFF COSTS


30/6/24


30/6/23

£   

£   



Wages and salaries

49,412


52,523




Other pension costs

1,309


1,317



50,721


53,840





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



30/6/24


30/6/23


Charitable activities

2


2




Administration

1


1



3


3





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



ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



9.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


fund


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

75


-


75




Charitable activities


Capital grants

-


90,640


90,640



Revenue Grants

13,730


92,130


105,860



Charitable activities

20,600


-


20,600



Total

34,405


182,770


217,175




EXPENDITURE ON


Charitable activities


Charitable activities

23,603


32,337


55,940



Governance costs

1,476


-


1,476



Support costs

9,950


13,058


23,008



Total

35,029


45,395


80,424




NET INCOME/(EXPENDITURE)

(624

)

137,375


136,751





RECONCILIATION OF FUNDS


Total funds brought forward

8,757


(8,019

)

738




TOTAL FUNDS CARRIED FORWARD

8,133


129,356


137,489



10.

TANGIBLE FIXED ASSETS


Leasehold


Computer



improvements


equipment


Totals

£   

£   

£   



COST


At 1 July 2023

54,161


-


54,161




Additions

789,293


699


789,992




At 30 June 2024

843,454


699


844,153




DEPRECIATION


At 1 July 2023

2,166


-


2,166




Charge for year

33,787


175


33,962




At 30 June 2024

35,953


175


36,128




NET BOOK VALUE


At 30 June 2024

807,501


524


808,025




At 30 June 2023

51,995


-


51,995




ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


30/6/24


30/6/23

£   

£   



Trade debtors

5,000


-




Other debtors

21,815


2,456




Prepayments and accrued income

2,360


884



29,175


3,340




12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


30/6/24


30/6/23

£   

£   



Trade creditors

32,363


22,562




Social security and other taxes

162


637




Other creditors

3,029


3,116




Accrued expenses

37,278


1,715



72,832


28,030




13.

LEASING AGREEMENTS



Minimum lease payments under non-cancellable operating leases fall due as follows:



30/6/24


30/6/23

£   

£   



In more than five years

13,800


14,400





ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



14.

MOVEMENT IN FUNDS


Net


Transfers




movement


between


At



At 1/7/23


in funds


funds


30/6/24


£   

£   

£   

£   



Unrestricted funds


General fund

8,133


14,563


(449

)

22,247





Restricted funds


National Lottery - Playpark

3,200


244,562


(247,762

)

-




North Ayrshire Council- Hub On the Prom

7,690


(6,490

)

(1,200

)

-




RCGF- Hub On The Prom

-


488,342


(465,222

)

23,120




North Ayrshire Council - Development

Officer

20,128


(20,128

)

-


-




North Ayrshire Council - Container

3,395


(2,795

)

-


600




Restricted fixed asset Funds

50,552


-


724,574


775,126




North Ayrshire Council Playpark

6,941


-


(6,941

)

-




Sustrans - Mural

2,900


(2,100

)

-


800




National Lottery - Anchor Fund

27,300


(21,750

)

-


5,550




Cunningham Housing Association - Hub on

the Prom

2,000


-


-


2,000




Cunninham Housing Association -

Playpark

3,000


-


(3,000

)

-




DTA Scotland - Hub on the Prom

(Development Officer)

2,250


-


-


2,250



129,356


679,641


449


809,446




TOTAL FUNDS

137,489


694,204


-


831,693





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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

63,561


(48,998

)

14,563





Restricted funds


National Lottery - Playpark

256,317


(11,755

)

244,562




North Ayrshire Council- Hub On the Prom

1,200


(7,690

)

(6,490

)



RCGF- Hub On The Prom

503,380


(15,038

)

488,342




DTA Scotland

2,600


(2,600

)

-




North Ayrshire Council - Development

Officer

(2,067

)

(18,061

)

(20,128

)



North Ayrshire Council - Container

(2,032

)

(763

)

(2,795

)



Sustrans - Mural

-


(2,100

)

(2,100

)



National Lottery - Anchor Fund

-


(21,750

)

(21,750

)


759,398


(79,757

)

679,641




TOTAL FUNDS

822,959


(128,755

)

694,204





ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



14.

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

8,757


(624

)

8,133





Restricted funds


National Lottery - Playpark

-


3,200


3,200




North Ayrshire Council - Development

Officer

-


20,128


20,128




North Ayrshire Council - Container

-


3,395


3,395




North Ayrshire Council Playpark

125


12,147


12,272




Sustrans - Mural

-


2,900


2,900




National Lottery - Anchor Fund

-


27,300


27,300




Cunninham Housing Association -

Playpark

-


3,000


3,000




DTA Scotland - Hub on the Prom

(Development Officer)

-


2,250


2,250




North Ayrshire Council - Toilet Block

(7,394

)

60,305


52,911




DTA Scotland - Accounting

(750

)

750


-




Cunningham Housing Association - Toilet

Block

-


2,000


2,000



(8,019

)

137,375


129,356




TOTAL FUNDS

738


136,751


137,489




ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



14.

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

34,405


(35,029

)

(624

)




Restricted funds


National Lottery - Playpark

3,200


-


3,200




North Ayrshire Council - Development

Officer

50,366


(30,238

)

20,128




North Ayrshire Council - Container

7,015


(3,620

)

3,395




North Ayrshire Council Playpark

15,829


(3,682

)

12,147




Sustrans - Mural

5,000


(2,100

)

2,900




National Lottery - Anchor Fund

27,300


-


27,300




Cunninham Housing Association -

Playpark

3,000


-


3,000




DTA Scotland - Hub on the Prom

(Development Officer)

2,250


-


2,250




North Ayrshire Council - Toilet Block

62,609


(2,304

)

60,305




DTA Scotland - Accounting

1,752


(1,002

)

750




North Ayrshire Council Prom Lease

2,449


(2,449

)

-




Cunningham Housing Association - Toilet

Block

2,000


-


2,000



182,770


(45,395

)

137,375




TOTAL FUNDS

217,175


(80,424

)

136,751




ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



14.

MOVEMENT IN FUNDS - continued



A current year 12 months and prior year 12 months combined position is as follows:



Net


Transfers




movement


between


At



At 1/7/22


in funds


funds


30/6/24


£   

£   

£   

£   



Unrestricted funds


General fund

8,757


13,939


(449

)

22,247





Restricted funds


National Lottery - Playpark

-


247,762


(247,762

)

-




North Ayrshire Council- Hub On the Prom

-


(6,490

)

(1,200

)

(7,690

)



RCGF- Hub On The Prom

-


488,342


(465,222

)

23,120




North Ayrshire Council - Container

-


600


-


600




Restricted fixed asset Funds

-


-


724,574


724,574




North Ayrshire Council Playpark

125


12,147


(6,941

)

5,331




Sustrans - Mural

-


800


-


800




National Lottery - Anchor Fund

-


5,550


-


5,550




Cunninham Housing Association -

Playpark

-


3,000


(3,000

)

-




DTA Scotland - Hub on the Prom

(Development Officer)

-


2,250


-


2,250




North Ayrshire Council - Toilet Block

(7,394

)

60,305


-


52,911




DTA Scotland - Accounting

(750

)

750


-


-




Cunningham Housing Association - Toilet

Block

-


2,000


-


2,000



(8,019

)

817,016


449


809,446




TOTAL FUNDS

738


830,955


-


831,693




ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



14.

MOVEMENT IN FUNDS - continued



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

97,966


(84,027

)

13,939





Restricted funds


National Lottery - Playpark

259,517


(11,755

)

247,762




North Ayrshire Council- Hub On the Prom

1,200


(7,690

)

(6,490

)



RCGF- Hub On The Prom

503,380


(15,038

)

488,342




DTA Scotland

2,600


(2,600

)

-




North Ayrshire Council - Development

Officer

48,299


(48,299

)

-




North Ayrshire Council - Container

4,983


(4,383

)

600




North Ayrshire Council Playpark

15,829


(3,682

)

12,147




Sustrans - Mural

5,000


(4,200

)

800




National Lottery - Anchor Fund

27,300


(21,750

)

5,550




Cunninham Housing Association -

Playpark

3,000


-


3,000




DTA Scotland - Hub on the Prom

(Development Officer)

2,250


-


2,250




North Ayrshire Council - Toilet Block

62,609


(2,304

)

60,305




DTA Scotland - Accounting

1,752


(1,002

)

750




North Ayrshire Council Prom Lease

2,449


(2,449

)

-




Cunningham Housing Association - Toilet

Block

2,000


-


2,000



942,168


(125,152

)

817,016




TOTAL FUNDS

1,040,134


(209,179

)

830,955




ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



14.

MOVEMENT IN FUNDS - continued





Unrestricted and designated funds:-




Unrestricted Revenue Funds


These funds are held for meeting the objectives of

the charity, and to provide reserves for future

activities, and, subject to charity legislation, are free

from all restrictions on their use.




Restricted Funds




Restricted Fixed Asset Funds


The purpose of these funds is described under the

accounting policy 'Accounting for capital grants and

fixed asset funds'.






North Ayrshire Council - Playpark


To fund construction and professional fees in

relation to the Playpark project.





North Ayrshire Council - Hub on the Prom


To fund construction and professional fees in

relation to the South Beach Toilet Block/Cafe

project.





National Lottery - Playpark


To fund construction and professional fees in

relation to the Playpark project.





RCGF - Hub On The Prom


To cover the costs of accounting for two years.





North Ayrshire Council - Development Officer


To fund the salary of the Community Development

Officer for two years.





North Ayrshire Council - Summer Activities/Container


To cover the cost of leasing the container and to

fund summer activities.





NAC - Prom Lease


To fund the cost of the lease for the Prom.





Sustrans - Mural


To fund the installation of a Mural at Princes Street

Ardrossan.





National Lottery - Anchor Fund


This Grant will fund volunteer expenses, low energy

appliances, winter clothing, small  household items,

expenses for the advocacy project, kids breakfast

club, fuel and food vouchers, well being classes and

mental health seminars.





Cunningham Housing Association - Playpark


To fund construction and professional fees in

relation to the Playpark project.





Cunningham Housing Association - Hub On TheProm


To fund construction and professional fees in

relation to the South Beach Toilet Block/Cafe

project.





DTA Scotland - Hub On The Prom

(DevelopmentOffice)


To fund construction and professional fees in

relation to the South Beach Toilet Block/Cafe

project.





ARDROSSAN COMMUNITY DEVELOPMENT TRUST

LTD


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



15.

CAPITAL COMMITMENTS


30/6/24


30/6/23

£   

£   



Contracted but not provided for in the financial statements

427,097


-




16.

RELATED PARTY DISCLOSURES


The under-noted trustees are associated with these organisations who provided funding to Ardrossan Community Development Trust as follows:


TrusteePublic Body Funding
£


S MouldCunningham Housing Association10,000


In addition to this there is a service level agreement between the charity and Cunningham Housing Association for the provision of reception duties at the Frank Sweeny Centre for Excellence. This amounted to £18,915 during the year.

Cunningham Housing Association also provides various in kind contributions including the provision of access to professional support.



17.

ULTIMATE CONTROLLING PARTY


The charity is under the control of its legal members.

Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets of the company in the event of its being wound up.