IRIS Accounts Production v25.2.0.378 Other Company accounts True false Pounds 1.1.24 31.12.24 31.12.24 FY Medium entities Audited These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Medium-sized companies regime for accounts Full Charities SORP true true true true true true true false true true false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4359572023-12-31SC4359572024-12-31SC4359572024-01-012024-12-31SC4359572022-12-31SC4359572023-01-012023-12-31SC4359572023-12-31SC435957ns0:CharitableCompanyLimitedByGuarantee2024-01-012024-12-31SC435957ns15:PoundSterling2024-01-012024-12-31SC435957ns11:MediumEntities2024-01-012024-12-31SC435957ns11:Audited2024-01-012024-12-31SC435957ns11:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC435957ns11:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-31SC435957ns11:FullAccounts2024-01-012024-12-31SC435957ns11:CharitiesSORP2024-01-012024-12-31SC435957ns16:EnglandWales2024-01-012024-12-31SC435957ns11:RegisteredOffice2024-01-012024-12-31SC435957ns0:Trustee12024-01-012024-12-31SC435957ns0:Trustee22024-01-012024-12-31SC435957ns0:Trustee32024-01-012024-12-31SC435957ns0:Trustee42024-01-012024-12-31SC435957ns0:Trustee52024-01-012024-12-31SC435957ns0:Trustee62024-01-012024-12-31SC435957ns0:Trustee72024-01-012024-12-31SC435957ns0:Trustee82024-01-012024-12-31SC435957ns0:Trustee92024-01-012024-12-31SC435957ns0:Trustee102024-01-012024-12-31SC435957ns0:Trustee112024-01-012024-12-31SC435957ns11:CompanySecretary12024-01-012024-12-31SC435957ns0:TotalUnrestrictedFunds2024-01-012024-12-31SC435957ns0:TotalRestrictedIncomeFunds2024-01-012024-12-31SC435957ns0:Activity82024-01-012024-12-31SC435957ns0:TotalUnrestrictedFundsns0:Activity82024-01-012024-12-31SC435957ns0:Activity8ns0:TotalRestrictedIncomeFunds2024-01-012024-12-31SC435957ns0:Activity82023-01-012023-12-31SC435957ns0:Activity92024-01-012024-12-31SC435957ns0:TotalUnrestrictedFundsns0:Activity92024-01-012024-12-31SC435957ns0:Activity9ns0:TotalRestrictedIncomeFunds2024-01-012024-12-31SC435957ns0:Activity92023-01-012023-12-31SC435957ns0:Activity102024-01-012024-12-31SC435957ns0:TotalUnrestrictedFundsns0:Activity102024-01-012024-12-31SC435957ns0:Activity10ns0:TotalRestrictedIncomeFunds2024-01-012024-12-31SC435957ns0:Activity102023-01-012023-12-31SC435957ns0:Activity112024-01-012024-12-31SC435957ns0:Activity11ns0:TotalUnrestrictedFunds2024-01-012024-12-31SC435957ns0:Activity11ns0:TotalRestrictedIncomeFunds2024-01-012024-12-31SC435957ns0:Activity112023-01-012023-12-31SC435957ns0:TotalUnrestrictedFunds2023-12-31SC435957ns0:TotalRestrictedIncomeFunds2023-12-31SC435957ns0:TotalUnrestrictedFunds2024-12-31SC435957ns0:TotalRestrictedIncomeFunds2024-12-31SC435957ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-12-31SC435957ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-12-31SC435957ns10:WithinOneYear2024-12-31SC435957ns10:WithinOneYear2023-12-31SC435957ns10:AfterOneYearns0:TotalUnrestrictedFunds2024-12-31SC435957ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2024-12-31SC435957ns10:AfterOneYear2024-12-31SC435957ns10:AfterOneYear2023-12-31SC43595722024-01-012024-12-31SC43595732024-01-012024-12-31SC43595712024-01-012024-12-31SC43595712023-01-012023-12-31SC435957ns0:TotalUnrestrictedFunds2023-01-012023-12-31SC435957ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC435957ns0:TotalUnrestrictedFundsns0:Activity82023-01-012023-12-31SC435957ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC435957ns0:TotalUnrestrictedFundsns0:Activity92023-01-012023-12-31SC435957ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC435957ns0:TotalUnrestrictedFundsns0:Activity102023-01-012023-12-31SC435957ns0:Activity10ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC435957ns10:WithinOneYear2024-01-012024-12-31SC435957ns10:BetweenOneFiveYears2024-12-31SC435957ns10:BetweenOneFiveYears2023-12-31SC435957ns10:AllPeriods2024-12-31SC435957ns10:AllPeriods2023-12-31
REGISTERED COMPANY NUMBER: SC435957 (Scotland)
REGISTERED CHARITY NUMBER: 043556














Report of the Trustees and

Financial Statements for the Year Ended 31 December 2024

for

The Edinburgh Remakery Ltd

The Edinburgh Remakery Ltd






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Report of the Trustees 1 to 6

Report of the Independent Auditors 7 to 10

Statement of Financial Activities 11

Balance Sheet 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15 to 26

The Edinburgh Remakery Ltd (Registered number: SC435957)

Report of the Trustees
for the Year Ended 31 December 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 31 December 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 objectives of the charity, as set out in the company Articles, are:

(a) The advancement of the environmental protection and improvement for public benefit by, for example:

1. promoting sustainable use of material goods and resources through repair, re-use, reclamation, recycling, use of recycled products and use of surplus and leftover materials.
2. reducing the carbon emissions linked to production and consumption by encouraging re-use and reduction of consumption.

(b) The advancement of education of the public about all aspects of waste generation, waste management, repair, reuse, and recycling by, for example:

1. supporting skills sharing, development and training.
2. working in partnership to develop repair and re-use services.

(c) The advancement of education and opportunities for disadvantaged groups or people suffering financial hardship through the promotion of re-use and repair.

The main aim of the charity is to operate as a social enterprise with charitable status with a remit for education around repair and reuse, Circular Economy model.

We revised our Vision, Mission, and Values in August 2021, and they continue to hold true to what we deliver in 2024.

Mission - To reduce waste by providing support and training to communities and businesses to Repair, Reuse and Recycle.

Vision - Our Vision is to create a culture of sustainable, waste-free living, and protect our planet for future generations to come.

Values -
- Respecting each other and our surroundings, by practising inclusivity and equality
- Choosing to reuse wherever we can
- Nurturing creativity and innovation to achieve our mission, through education, & collaboration
- Putting planet and people at the heart of our actions
- Speaking the truth with integrity and having courageous conversations

Significant activities
Activities during the year included:
- Promoting Repair and Reuse in the community through events and social media
- Presentations and talks to organisations, community groups, and students
- The refurbishment for sale and gifting of refurbished IT equipment
- A year of settling into our premises at Newkirkgate
- Delivering Community Clubs and Repair Cafés
- Tech Donation Boxes sponsorship and schools project
- Slowing down our paid public workshops to concentrate on corporate workshops

Volunteers
The charity is assisted by volunteers and wishes to thank all those involved.


The Edinburgh Remakery Ltd (Registered number: SC435957)

Report of the Trustees
for the Year Ended 31 December 2024

STRATEGIC REPORT
Achievements and performance
Charitable activities
The calendar year 2024 saw us enter a period of stability for our premises for the first time in many years. This gave us time to think about the layout of the premises and time to fully concentrate on income generation in our premises at Newkirkgate. Although our premises challenge was over, we did face other challenges in terms of the changing funding landscape, staffing changes and website issues.

We entered year one of our two-year Strategic Plan (2024-2025) - the theme is Settle and Strengthen and we have the beginnings of steps to reach those strategic objectives.

Our main focus this year was to ensure that we recouped the £62,000 deficit from 2023 and made profit in 2024. We have achieved this objective by increasing our turnover and reducing cost and have ended 2024 in profit and ready to build on this in 2025, ready for growth in 2026.

Newkirkgate Feels Like Home
In 2024 we had the first year since 2019 of not having to think about finding or moving into new premises. This allowed us to work on the layout of our shop. It underwent many layout adjustments and by the end of the year we were happy that it worked well for staff and customers.

Retail Space
We restricted our in-store tech retail area to become a click and collect version, due largely to security reasons and to minimise our staffing costs, reducing the need for a retail assistant. Now we have the layout right we hope to strengthen our messaging and visuals within the shop in 2025.

Tech Donation Boxes
In 2024, our Tech Donation Box (TDB) initiative experienced remarkable growth and significantly expanded its reach.

Throughout the year, we actively collaborated with a diverse range of stakeholders, including businesses, charitable organisations, community centres, educational institutions, and municipal authorities.

We have 19 Tech Donation Boxes in our programme. Over 2024 these were hosted in 40 locations across Edinburgh, Linlithgow, and Glasgow including organisations such as LGT Wealth Management, CodeBase, Burness Paull LLP in addition to The Scottish Government and Scottish Parliament.

Thanks to funding provided by Foundation Scotland, we were able to expand our TDB Programme to state-run schools. By the end of 2024, our boxes had been placed in 15 schools, with plans to install an additional five by January 2025.

Through these 19 TDBs, we collectively diverted 7,119 items from landfill - a threefold increase compared to the previous year.

In September 2024, we held our inaugural Tech Donation Box Awards Ceremony, featuring various categories to celebrate the organisations that had actively engaged with the programme.

The achievements of 2024 underscore the success of the TDB Programme as a vital driver of environmental sustainability and social impact. Through strategic collaborations and community engagement, we are making tangible progress towards reducing e-waste, promoting reuse, and fostering a more sustainable future.

Tech
Our Tech Hardware services and sales continued to grow. With stock levels piling up and smaller storage space we decided to streamline this service at the start of the year, restricting the service to 10 Tech Business Partners. This allowed us to strengthen the impact of the tech team, concentrating on refurbishing to increase income. As we reached midpoint in the year the Tech Team felt ready to start growing the Tech Disposal Service for Business and started to open it up again to more businesses. By the end of the year, we had 35 business partnerships using the service with a total of 83 business collections in 2024. As a result, we balanced the service to ensure a steady stock stream that enabled the workflow from storage and refurbishment to sale.

In September we won the eBay UK Awards for Social Impact and headed down to Birmingham to receive our award and prize money of £10,000 plus a training support package for the eBay protrader.

The Edinburgh Remakery Ltd (Registered number: SC435957)

Report of the Trustees
for the Year Ended 31 December 2024


Our Tech Gifting Project has continued to be developed this year and saw us gift 275 devices to 30 charities. Unlike 2023, when our Crowdfunder failed to meet its targets, this year our Crowdfunder for Christmas exceeded the £7,500 target and reached £9,600 (providing 39 laptops for teens through Mission Christmas) Our gifting is less than last year but falls in line with our Settle & Strengthen strategy of concentrating on ensuring income generation met targets to reduce our financial deficit from 2023. Our Target for gifting for 2025 is 400 devices. Tech Gifting is part of our charity mission to end digital poverty.

Events
Funding for our Repair Cafés has been an ongoing problem. We had difficulty finding funds that would cover these costs and no luck finding a corporate sponsor, we utilised one fund to cover the costs, but this ran out before the end of 2024. We continued to run these and absorbed the costs as they are crucial to our mission on education for repair and reuse. In 2024 we ran 56 repair cafés with 210 tech visitors and 112 textile visitors.

We ran 5 Business Breakfasts in 2024, stopping these in May when we lost the events team. These were important networking tools and helped us raise our profile. However they require planning and as resources are limited, we took the decision to pause these for the rest of the year. It is our hope to bring them back in 2025.

Our events space continued to be a challenge as we tried to find the best routeways for income generation. Expenses were high due to staffing costs, and this put pressure on to make sure each event covered its costs. Problems with our website also created time-consuming problems with bookings and payments. With our events staff deciding to leave us, in line with our Settle & Strengthen strategy, we took the decision to streamline our events offering. We ran 19 public workshops up to May and then stopped all public workshops for the remainder of the year and concentrated on corporate workshops (17), talks and tours (9), our community clubs and repair cafés.

Talks and Tours have proved popular and financially worthwhile, and this will be an area that we look to develop further in 2025. Our Community Clubs come from a range of funding streams and are crucial to helping us fulfill our charity mission of tackling loneliness. We ran 34 Community Clubs in 2024.

Fundraising activities
The funding landscape continued to be a challenge. Many funds we would previously have applied for were now out of bounds due to our increased turnover in 2023. Fewer funds were available, and we had to apply for everything we could, while preventing mission creep. We applied for 34 funds this year, our highest amount ever. By staying true to our mission and being as selective as we could we achieved a 62% success rate, our best year ever. We also met our funding financial target. We will create a fundraising strategy for 2025 to build on our knowledge and broaden and diversify and try some new ways to raise financial donations particularly through legacy gifting and fundraising activities. The funding analysis from 2022 to 2024 shows that total funding applications have increased year-on-year, with a growing success rate. The number of successful applications also slightly improved, although the total number of applications increased, leading to a lower success rate for individual applications. This data highlights the need for a refined funding strategy focusing on fully researched and considered opportunities to improve success rates and secure more sustainable funding.

Marketing
In 2024 we had an Intern from Edinburgh Napier University for a four-month placement. Yasemin hit the ground running and was tasked with widening our audience on TikTok and supporting us with social media posts. Asrar Qazi took on the role of our Marketing Executive and was instrumental in helping us with the Crowdfunder campaign and Leith Chooses Participatory Budgeting - making sure our message reached the widest audience. We realise we have a challenge to reach wider audiences and to reflect social impacts in new and exciting ways - this has been built into the marketing Strategy for 2025. In addition, our new website was problematic and impacted on-line sales of workshops.

Financial review
Financial position
Total income for the year amounted to £637,341 (2023; £522,469). Principal sources of funding are grants, sales of recycled products, and events income as reported in the Statement of Financial Activities. The charity recorded a net surplus of £14,760 (2023 deficit; £65,324) for the year. Total general reserves amount to £13,166 (2023; £5,129) and total restricted reserves are £27,014 (2023; £20,291).


The Edinburgh Remakery Ltd (Registered number: SC435957)

Report of the Trustees
for the Year Ended 31 December 2024


STRATEGIC REPORT
Financial review
Reserves policy
The stated aim has historically been to achieve a reserve equivalent to 6 months of unrestricted expenditure, presently around £41,000 per month. There was a motion in November 2024 to update this to 3 months, which passed unanimously. The unrestricted balance of £13,166 is not deemed to be sufficient and steps are already in place to fulfil the charity's objectives. These steps include the reduction, where possible, of some of the regular costs. Tighter budget controls have also been put in place that are visible to all the section managers and are discussed on a regular basis. The budgets that have been set for 2025 have been based on a level to actively increase the reserves.

Looking Ahead
As we approached the end of 2024 the Edinburgh Remakery is moving through our new phase of Settle & Strengthen. A time to allow our tech workstream to concentrate on refurbishing and gifting to maximise income. A time for events to be streamlined to maximise income and reduce expenditure. We will look to adapt to the changing funding landscape and move broadening and diversifying our fundraising activity. This year has allowed us time to streamline and concentrate on income generation to bring us back into profitability. Now we are ready for 2025 and the start of strengthening our business to position us for growth in 2026.

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.

The charity is a company limited by guarantee, governed by its memorandum and articles, and recognised as a charity by the Office of the Scottish Charity Regulator in accordance with the provisions of the Charities and Trustee Investment (Scotland) Act 2005. In accordance with the articles of association, every member is liable to contribute a sum of £1 annually.

Recruitment and appointment of new trustees
As set out in the articles of association, the members elect directors/trustees at the annual general meeting. the maximum number of director / trustees is 12. The directors/trustees may appoint additional directors/trustees during the year up to the maximum allowed..

Essential information detailing the responsibilities of directors/trustees is provided to new recruits along with details of the charity's activities.

Organisational structure
The board, which meets on a regular basis, administers the charity. Elaine Brown, a trustee, is responsible for day to day management of the charity..

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC435957 (Scotland)

Registered Charity number
043556

Registered office
13a Newkirkgate
Edinburgh
EH6 6AD


The Edinburgh Remakery Ltd (Registered number: SC435957)

Report of the Trustees
for the Year Ended 31 December 2024

Trustees
J Miles
J Orr (resigned 25.3.25)
K Bouchaar (resigned 25.3.25)
E P Brown
C Kozlowski
E Mitchell
E Tainsh
L McDonald
M Sangster
M Donn
Ms F Kippax (appointed 14.11.24)

Company Secretary
L McDonald

Auditors
The Grant Considine Partnership
Statutory Auditors & Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

Solicitors
Wright, Johnston & Mackenzie LLP
St Vincent Plaza
319 St Vincent Street
Glasgow
G2 5RZ

Bankers
Co-operative Bank
PO Box 250
Skelmerdale
WN8 6WT

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The Edinburgh Remakery 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.

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.


The Edinburgh Remakery Ltd (Registered number: SC435957)

Report of the Trustees
for the Year Ended 31 December 2024


STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website.

AUDITORS
The auditors, The Grant Considine Partnership, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 27 August 2025 and signed on the board's behalf by:





J Miles - Trustee

Report of the Independent Auditors to the Trustees and Members of
The Edinburgh Remakery Ltd (Registered number: SC435957)

Opinion
We have audited the financial statements of The Edinburgh Remakery Ltd (the 'charitable company') for the year ended 31 December 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).

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31 December 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
The Edinburgh Remakery Ltd (Registered number: SC435957)


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.

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.

Report of the Independent Auditors to the Trustees and Members of
The Edinburgh Remakery Ltd (Registered number: SC435957)


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:

- the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Charities Accounts (Scotland) Regulations 2006 and the Charities and Trustee Investment (Scotland) Act 2005.
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit;
- obtained from management within the organisation information about their own identification and assessment of the risks of irregularities
- review of the Board minutes
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud
- consideration of fraud risk factors such as management override of controls
- other sources

All audit engagement team members were alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Owing to the inherent limitations of an audit, there is unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISA's (UK). The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non -compliance with laws and regulations to enquiry of the trustees other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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
The Edinburgh Remakery Ltd (Registered number: SC435957)


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.




Louise A Considine (Senior Statutory Auditor)
for and on behalf of The Grant Considine Partnership
Statutory Auditors & Chartered Accountants
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
46 High Street
Banchory
Aberdeenshire
AB31 5SR

27 August 2025

The Edinburgh Remakery Ltd

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 December 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 70,311 139,032 209,343 142,809

Charitable activities 6
Sales of recycled products 386,666 - 386,666 318,748
Workshop & course fees 18,716 - 18,716 36,903

Other trading activities 4 22,083 - 22,083 23,500
Investment income 5 532 - 532 509
Total 498,308 139,032 637,340 522,469

EXPENDITURE ON
Charitable activities 7
Remakery development & running costs 233,617 74,892 308,509 289,748
Admin & overheads 244,230 54,462 298,692 280,823

Other 12,424 2,955 15,379 17,222
Total 490,271 132,309 622,580 587,793

NET INCOME/(EXPENDITURE) 8,037 6,723 14,760 (65,324 )


RECONCILIATION OF FUNDS
Total funds brought forward 5,129 20,291 25,420 90,744

TOTAL FUNDS CARRIED FORWARD 13,166 27,014 40,180 25,420

The Edinburgh Remakery Ltd (Registered number: SC435957)

Balance Sheet
31 December 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
CURRENT ASSETS
Debtors 14 43,424 - 43,424 46,696
Cash at bank and in hand 31,826 48,014 79,840 46,617
75,250 48,014 123,264 93,313

CREDITORS
Amounts falling due within one year 15 (52,455 ) (21,000 ) (73,455 ) (47,893 )

NET CURRENT ASSETS 22,795 27,014 49,809 45,420

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,795

27,014

49,809

45,420

CREDITORS
Amounts falling due after more than one year 16 (9,629 ) - (9,629 ) (20,000 )

NET ASSETS 13,166 27,014 40,180 25,420
FUNDS 19
Unrestricted funds 13,166 5,129
Restricted funds 27,014 20,291
TOTAL FUNDS 40,180 25,420


The financial statements were approved by the Board of Trustees and authorised for issue on 27 August 2025 and were signed on its behalf by:





J Miles - Trustee

The Edinburgh Remakery Ltd

Cash Flow Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 44,227 (57,069 )
Interest paid (1,420 ) (641 )
Net cash provided by/(used in) operating activities 42,807 (57,710 )

Cash flows from investing activities
Interest received 532 509
Net cash provided by investing activities 532 509

Cash flows from financing activities
Loan repayments in year (10,116 ) (9,120 )
Net cash used in financing activities (10,116 ) (9,120 )

Change in cash and cash equivalents in
the reporting period

33,223

(66,321

)
Cash and cash equivalents at the
beginning of the reporting period

46,617

112,938
Cash and cash equivalents at the end of
the reporting period

79,840

46,617

The Edinburgh Remakery Ltd

Notes to the Cash Flow Statement
for the Year Ended 31 December 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2024 2023
£    £   
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)

14,760

(65,324

)
Adjustments for:
Interest received (532 ) (509 )
Interest paid 1,420 641
Decrease/(increase) in debtors 3,272 (26,467 )
Increase in creditors 25,307 34,590
Net cash provided by/(used in) operations 44,227 (57,069 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 46,617 33,223 79,840
46,617 33,223 79,840

Debt
Debts falling due within 1 year (10,000 ) (255 ) (10,255 )
Debts falling due after 1 year (20,000 ) 10,371 (9,629 )
(30,000 ) 10,116 (19,884 )
Total 16,617 43,339 59,956

The Edinburgh Remakery Ltd

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

The Edinburgh Remakery Ltd is an incorporated charity which is limited by guarantee and is registered in Scotland. The charity's registered number and registered office can be found in the Reference and Administration Details section of the Report of the Trustees.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income to cover provision of services is recognised when the service has been delivered.

Where income has related expenditure, the income and related expenditure are reported gross in the Statement of Financial Activities.

Income received as a grant relating to the following year are deferred until the criteria for income recognition are met.

Interest on deposit funds held is included when receivable and the amount can be measured reliably by the charity which is normally upon notification of the interest paid or payable by the bank.

Expenditure and irrecoverable vat
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.Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

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

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

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

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.


The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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. The pension fund assets are held separately from those of the charity in an independently administered fund.

Donated goods and stock
Donated goods, which are generally for use as components in recycled products for resale, are not recognised as income at the point of receipt, as it is considered impractical to determine a fair value for these when their future use is uncertain. In effect the donation is recognised within the sales income from recycled products. For similar reasons a stock value is not recognised.

Going concern
The financial statements have been prepared on a going concern basis. The directors have assessed the charitable company's ability to continue as a going concern and have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing these financial statements.

Financial Instruments
The company 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 at their settlement value.

Volunteers
The value of the services provided by volunteers is not incorporated into these financial statements.

Further details of their contribution is provided in note 12 to these financial statements and in the trustees’ report.

3. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 19,515 14,964
Grants 189,828 127,845
209,343 142,809

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. DONATIONS AND LEGACIES - continued

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

2024 2023
£    £   
City of Edinburgh Council 10,445 10,584
Baillie Gifford 3 Year Grant 40,000 50,000
Baillie Gifford Charity of the Year 8,000 -
CAE Technologies 1,800 2,500
Craignish Trust - 2,000
NOLB - 1,187
EERI - 4,500
Crowdfunder Campaign 10,277 4,711
Scottish Government 18,077 17,550
City of Edinburgh Council (Leith Chooses) 9,950 4,920
Inspiring Scotland Rural and Island - 6,500
Enliven Coorie in for Winter - 1,000
Almond North West Edinburgh Fund - 600
Tech Donation Boxes 6,250 20,000
East Lothian Council 10,772 1,793
RBS - Regenerate Tech Exchange 3,000 -
Tilbury on Thames
6,400 -
Foundation Scotland 40,000 -
Benefact Group 5,000 -
Black Rock 7,357 -
eBay Awards 10,000 -
Red Rock Renewables 2,500 -
189,828 127,845

4. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Rental income 22,083 23,500

The charity has a licence agreement for 125/127 Leith Walk, which can be terminated by the licensee within 6 months of the year end. Therefore, operating lease income due within one year is £7,500.

5. INVESTMENT INCOME
2024 2023
£    £   
Bank Interest 532 509


The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Sales of Workshop
recycled & course Total Total
products fees activities activities
£    £    £    £   
Internal workshops - remakery - 6,937 6,937 23,489
Other workshop & course fees - 11,779 11,779 13,414
Sales of IT products 384,719 - 384,719 317,290
Sales of other products 1,947 - 1,947 1,458
386,666 18,716 405,382 355,651

7. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 8) note 9) Totals
£    £    £   
Remakery development & running costs 308,509 - 308,509
Admin & overheads - 298,692 298,692
308,509 298,692 607,201

8. DIRECT COSTS OF CHARITABLE ACTIVITIES
2024 2023
£    £   
Staff costs 258,435 232,182
Sundries 72 -
IT costs 34,940 25,598
Furniture & workshop costs 11,143 17,562
Project direct costs 1,217 8,017
Special project materials 11 -
Gifting costs 610 6,389
Professional fees 2,081 -
308,509 289,748

9. SUPPORT COSTS
Overheads
Staff & admin Governance
costs costs costs Totals
£    £    £    £   
Other resources expended - - 15,379 15,379
Admin & overheads 119,147 172,365 7,180 298,692
119,147 172,365 22,559 314,071

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. SUPPORT COSTS - continued

Support costs all relate to charitable activities, and costs have been allocated to funds based on an estimate of the proportion attributable to each fund..

10. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Auditors' remuneration 4,770 4,500
Auditors' remuneration for non audit work 1,950 1,750
Hire of plant and machinery 8,611 6,896
Other operating leases 61,831 49,425

11. TRUSTEES' REMUNERATION AND BENEFITS
2024 2023
£    £   
Trustees' salaries 43,605 42,525
Trustees' social security 4,762 3,844
Trustees' pension contributions to money purchase schemes 1,121 1,089
49,488 47,458

Elaine Brown, an employee, is also a Trustee of the charity as authorised by the charity's articles of association. She also accrues pension benefits, as disclosed above, in line with other staff members.

Trustees' expenses

Travel and Subsistence, and other small expenses incurred of £1,685 (2023; £1,225) were reimbursed to one trustee during the year.

12. STAFF COSTS
2024 2023
£    £   
Wages and salaries 345,866 333,425
Social security costs 25,182 22,373
Other pension costs 6,534 6,525
377,582 362,323

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

2024 2023
Charitable activities 10 10
Support staff 4 5
14 15

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

Staff are supported by volunteers who provide an invaluable service.

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 64,965 77,844 142,809

Charitable activities
Sales of recycled products 318,748 - 318,748
Workshop & course fees 36,903 - 36,903

Other trading activities 23,500 - 23,500
Investment income 509 - 509
Total 444,625 77,844 522,469

EXPENDITURE ON
Charitable activities
Remakery development & running costs 224,398 65,350 289,748
Admin & overheads 269,220 11,603 280,823

Other 17,222 - 17,222
Total 510,840 76,953 587,793

NET INCOME/(EXPENDITURE) (66,215 ) 891 (65,324 )


RECONCILIATION OF FUNDS
Total funds brought forward 71,344 19,400 90,744

TOTAL FUNDS CARRIED FORWARD 5,129 20,291 25,420

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,974 19,224
VAT 7,620 2,447
Accrued income 4,617 870
Prepayments 26,213 24,155
43,424 46,696


The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 17) 10,255 10,000
Trade creditors 23,032 20,116
Social security and other taxes 7,331 -
Pensions 1,145 -
Accruals and deferred income 31,692 17,777
73,455 47,893

Deferred income represents advance funds received for services which Edinburgh Remakery Ltd had not delivered by the year end.

20242023
££
Deferred income brought forward11,000-
Charitable Activity Income released during year(11,000)-
Charitable Activity Income deferred at year end22,25011,000
Deferred income carried forward22,25011,000

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 17) 9,629 20,000

17. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Bounce back loan 10,255 10,000
Amounts falling between one and two years:
Bounce back loan 9,629 10,000
Amounts falling due between two and five years:
Bounce back loan - 10,000

The charity has a bounce back loan which has an interest rate of 2.5%, and will be repaid by installments over the next two years.


The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

18. LEASING AGREEMENTS

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

2024 2023
£    £   
Within one year 37,500 37,500
Between one and five years 12,500 50,000
50,000 87,500

19. MOVEMENT IN FUNDS
Net
movement At
At 1.1.24 in funds 31.12.24
£    £    £   
Unrestricted funds
General fund 5,129 8,037 13,166

Restricted funds
Crowdfunder - Gifting 2,399 (2,399 ) -
City of Edinburgh Council (Leith Chooses) - 3,960 3,960
Scottish Government 11,682 (11,682 ) -
Tech Donation Boxes for Schools -
Edinburgh Comm Climate Fund

6,210

(6,210

)

-
EVOC Community Club Continuation
24-25

-

8,123

8,123
Foundation Scotland - 9,850 9,850
Leith Community Fund - 5,000 5,000
CAE For Retro Tech Fundraiser - 81 81
20,291 6,723 27,014
TOTAL FUNDS 25,420 14,760 40,180

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 498,308 (490,271 ) 8,037

Restricted funds
Crowdfunder - Gifting 48 (2,447 ) (2,399 )
CAE Technologies 1,300 (1,300 ) -
City of Edinburgh Council (Leith Chooses) 4,950 (990 ) 3,960
Scottish Government - (11,682 ) (11,682 )
East Lothian Council 10,772 (10,772 ) -
Bailie Gifford 8,000 (8,000 ) -
RBS - Tech Exchange 3,000 (3,000 ) -
Tech Donation Boxes for Schools -
Edinburgh Comm Climate Fund

6,250

(12,460

)

(6,210

)
City of Edinburgh Council 10,445 (10,445 ) -
EVOC Community Club Continuation
24-25

18,076

(9,953

)

8,123
Foundation Scotland 40,000 (30,150 ) 9,850
Leith Community Fund 5,000 - 5,000
Movement for Good 5,000 (5,000 ) -
CAE For Retro Tech Fundraiser 500 (419 ) 81
Black Rock 7,357 (7,357 ) -
Tilbury on Thames 6,400 (6,400 ) -
Red Rock Renewables 2,500 (2,500 ) -
Crowd Funder 2024 9,434 (9,434 ) -
139,032 (132,309 ) 6,723
TOTAL FUNDS 637,340 (622,580 ) 14,760


Comparatives for movement in funds

Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 71,344 (66,215 ) 5,129

Restricted funds
HSBC 2i Coding 8,000 (8,000 ) -
Crowdfunder - Gifting 1,400 999 2,399
Movement for Good 10,000 (10,000 ) -
Scottish Government - 11,682 11,682
Tech Donation Boxes for Schools -
Edinburgh Comm Climate Fund

-

6,210

6,210
19,400 891 20,291
TOTAL FUNDS 90,744 (65,324 ) 25,420

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 444,625 (510,840 ) (66,215 )

Restricted funds
Craignish Trust 2,000 (2,000 ) -
HSBC 2i Coding - (8,000 ) (8,000 )
Crowdfunder - Gifting 4,710 (3,711 ) 999
Movement for Good - (10,000 ) (10,000 )
CAE Technologies 2,500 (2,500 ) -
EERI Funding 4,500 (4,500 ) -
City of Edinburgh Council (Leith Chooses) 4,920 (4,920 ) -
NOLB 1,187 (1,187 ) -
Scottish Government 17,550 (5,868 ) 11,682
East Lothian Council 1,793 (1,793 ) -
Inspiring Scotland 6,500 (6,500 ) -
Enliven Coorie in for Winter 1,000 (1,000 ) -
Almond North West Edinburgh 600 (600 ) -
Tech Donation Boxes for Schools -
Edinburgh Comm Climate Fund

20,000

(13,790

)

6,210
City of Edinburgh Council 10,584 (10,584 ) -
77,844 (76,953 ) 891
TOTAL FUNDS 522,469 (587,793 ) (65,324 )

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

19. MOVEMENT IN FUNDS - continued


Name of Fund Description of Fund
Craignish Trust Funding for Staff, Gifting and New Sewing Machines
HSBC 2i Coding Funds for the running of the repair café
Crowdfunder - Gifting Gifting of IT

Movement for Good
Tech Exchange - old unusable IT for newly
refurbished IT
CAE Technologies Gifting of IT
EERI Funding Partially funded one IT Staff member
Leith Chooses Running of Community Clubs
NOLB Partial funding of one of the IT Staff
Scottish Government Running of Community Clubs
East Lothian Council Funding of one of the IT Staff
Inspiring Scotland Partnership Gifting of IT through People Know How
Enliven Coorie in for Winter Partnership Gifting of IT through People Know How
Almond North West Edinburgh Partnership Gifting of IT through People Know How
Tech Donation Boxes for Schools - Edinburgh Comm
Climate Fund
Assist and purchase of Tech boxes specifically for
schools

Bailie Gifford
Funding to cover the salary for CPO and UK Visa
Application

RBS - Tech Exchange
Funding for Community Organisations to exchange
old tech for refurbished

EVOC Community Club Continuation 24-25
To provide Community Clubs in 2024 & 2025 - staff
and WH Tutors, plus refreshments

Foundation Scotland
To provide funds for Capacity Building and Tech
donation Boxes for Schools year 2
Leith Community Fund Applied for and awarded for Tech gifting

Movement for Good
Donation from Climate Environment Fund Vote for
Repair Cafés and associated overheads
CAE For Retro Tech Fundraiser Sponsorship from CAE for Gala Event Cost
Black Rock Funding to gift laptops and devices to those in need.
Tilbury on Thames Funds donated for devices for Fijian Veterans


Red Rock Renewables
Red Rock 50% to Crowd Funder 50% to Direct
Gifting The Welcoming, Rowan Alba, Bridge End
Farm House

Crowd Funder 2024
Money raised from Crowd Funder donations of
laptops to Mission Christmas for Teenagers

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024 other than those disclosed in Note 11.


The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

21. NON-DOMESTIC RATES RELIEF

During the year, the charity benefited from charitable rates relief on its premises in accordance with local council guidelines.

- The charity received 80% mandatory relief on business rates as a registered charity.
- An additional 20% discretionary relief was granted by the local council for specific premises used for charitable purposes.
This resulted in total savings of £10,762 (2023, £10,755) in business rates.
The Trustees are grateful to the local council for this support, which enables more funds to be directed to charitable activities.