Charity registration number SC028820 (Scotland)
Company registration number SC228491
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
LEGAL AND ADMINISTRATIVE INFORMATION
Directors
Murray R Webster
Iain L Waghorn
Nicola H Dobson
Marnie Faulkner
Andrew E Kirk
Suzanne Webster
David Lacok
Kenneth A Christie
Secretary
Blackadders LLP
Project Manager
Alison Goodfellow
Charity number (Scotland)
SC028820
Company number
SC228491
Registered office
10 Euclid Crescent
Dundee
DD1 1AG
Independent examiner
Suzanne Kerr, FCCA
MMG Chartered Accountants
Chapelshade House
78-84 Bell Street
Dundee
DD1 1RQ
Bankers
Co-operative Bank PLC
P.O. Box 101
1 Balloon Street
MANCHESTER
Lancs.
M60 4EP
Solicitors
Blackadders LLP
30 & 34 Reform Street
DUNDEE
DD1 1RJ
Organisation address
Maxwell Centre & Garden
Carnegie Street
Dundee
DD3 7EW
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Directors' report
1 - 6
Statement of directors' responsibilities
7
Independent examiner's report
8
Statement of financial activities
9 - 10
Balance sheet
11
Notes to the financial statements
12 - 26
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

Mission Statement

Maxwelltown Information Centre is dedicated to promoting empowerment of people across Dundee City, improving their conditions of life and making a significant difference to their welfare.

Strategic Outcomes

a) Practical support to individuals suffering from poverty and exclusion.

b) Advice and information to all communities in particular special recognition to minority ethnic communities.

c) Improved uptake of services through the Centre.

d) Reduced feelings of social exclusion and isolation by involving residents in meaningful activity.

e) Reduction of unemployment.

f) Increased skill levels of the population looking for work.

Principal Funding Sources

The company’s principal source of funding is currently by way of grants received.

Activities

Activities Undertaken in Year

Our thriving community led project continued to support 100’s members of our local community each week. Over the last year we have delivered the following services and activities:

Our footfall for the year was almost 28,500 - an average of 2,375 visits per month.

In September 24 we held our 10 th Anniversary of the Garden project with a party which was attended by over 200 local community members.

In August 2024 we launched our new website: www.maxdundee.org.uk

We continued to structure our activities under 3 interconnected areas of work: MAX Support, MAX Youth and MAX Garden Outreach. This allows us to reach out to those who might not recognise they need help and encourage them to access support with no stigma or judgement attached. Most of our activities are carried out in small groups where peer and/or qualified support is available in an informal and relaxed setting.

MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

MAX Support

- Last year our cash first approach supported 1,063 individuals and families in financial crisis, we ensured everyone has access to all available support. Many of the organisations we signpost to run sessions in the centre including Social Security Scotland, a local councillor, Connect Welfare Rights, Housing Options, We are with you, Carer’s Centre, Community Health Team, Penumbra, Transform, Voiceability, Positive Steps and SAMH. This has allowed us to develop a one stop shop for support.

- Access to our Community Cupboard stocked with seasonal garden produce, a choice of fruit, vegetables and bakery products. An average of 68 individuals and families visit the cupboard each day.

- Free internet access with support available during all opening hours.

- Volunteers, community members and staff ate nearly 100 lunches together a total of over 1,250 meals shared.

- A twice weekly Community Café open to all and recovery friendly we have on average 125 attendees each month. Our support worker is available for advice.

- A variety of arts & crafts groups and support groups focusing on physical, mental health and social inclusion.

- Managing an extensive range of volunteering roles to gain skills and provide socialising opportunities. Last year our 77 volunteers provided an average of 382 hours of support each month and were able to participate in a variety of training courses including food hygiene, first aid, walk leader training, community guiders, stigma and mental health first aid.

- We offered participation and representation of our community in a wide range of community and thematic networks, events and projects.

Our range of services is designed to empower our users and allow them to influence decisions that affect them. We address inequality and social injustice in ways that are dignified and look at each person’s needs in a holistic way.

MAX Youth

- Our hugely popular Garden Clubs ran each school holiday last year, with 64 local young people attending over Spring, 105 over Summer and 71 in Autumn. During which it’s a time for creativity to flourish, young people can play games, explore the outdoors, and connect with one another in a relaxed, fun environment. Whether they’re cooking lunch in the kitchen, creating nature-inspired art, or simply running around, the garden offers positive happy safe and confidence outcomes. Over 690 lunches were served!

- Our garden sessions for local schools and nurseries provide improved life chances for local young people to enable them to do well. Teacher’s feedback regularly the positive impact the visits have and the notable improvements in behaviour. 740 different children benefited from new experiences and opportunities to learn new skills.

- Our outdoor after-school clubs provide a unique space for children. Through games, imaginative play, and teamwork, young people are working together and building lasting friendships. They focus is on having fun and connecting with others in a relaxed, supportive environment. 36 different children have attended.

- We have 14 youth volunteers that show significant increases in wellbeing while participating and helping facilitate activities. We empower youth volunteers to take on leadership roles within the garden becoming role models for our younger participants.

- Our Youth Cooking Group of 6 goes beyond preparing meals— from harvesting fresh produce to deciding what to cook, they guide every step with curiosity and creativity. Everything we do is child-led, empowering them to take ownership and feel proud. Monthly they cook for up to 20 local elderly residents who join us for ‘Come Dine’

- Our Youth Council of 10 local youths meet weekly and is driven by their ideas, allowing them to have a voice in decisions about the garden, future projects, and activities in their community. They learn leadership, responsibility, and teamwork as they help shape their community – attending board meetings, Local Community Planning Partnership meetings and collaborating with local councillors, gaining valuable life skills.

- Our new Youth Sewing workshops run in partnership with Transition Dundee have been very popular with 8 young people 9-15 years attending.

MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

MAX Garden Outreach

- Thematic family activities and events including plant swaps, gigs in the garden, creative seasonal activities, park walks and participatory community design of Hilltown Park, etc.

- A creative programme of gardening workshops. An average of 7 per month with 6-8 attendees in each.

- Volunteering and training sessions to improve garden and Hilltown Park.

- Harvest boxes and Pick your Own (PYO) Food weekly with recipes. Last year we distributed 188 harvest boxes and 102 participated in harvest your own sessions.

- Cooking workshops using seasonal garden produce. Weekly multicultural lunch.

- Seed and Tool Library, free access to gardening tools, books and seeds. (204 members)

- Hosting regular visits from community groups to learn from our growing experiences and get support from our team to further develop their own projects.

- The Big Grow – this year 100 individuals, groups and families signed up and we provided all the resources and support to grow their food.

- A new garden share project with 3 sucesssful matches.

- Manage and facilitate the city-wide Dundee Community Growing Network with quarterly meetings and joint events; manage the Grow Dundee Website; maintain partnerships and co-create collaborative city-wide projects such as Playful Green Planet.

- We are one of 5 partners running the Dundee Climate Hub – Changemakers which is driving positive change with, by and for our communities and environment. We have been supporting Sustainable Dundee's Urban ReLeaf, we presented at their launch ceremony and have hosted workshops. We are advisors to the V&A's for their upcoming Garden Futures project.

Achievements and performance
Significant activities and achievements against objectives

Our Partnerships

Over the year we have worked in partnership with many organisations. Good communication, relationships based on trust, collaboration and co-working is essential to make sure the local area overall has the best possible services. We are also committed to training and giving work experiences to students from High School to University (Community Education, Medicine, Nutrition, Teachers, etc.)

Our local networks:

- Coldside Empowerment team and Local Community Planning Partnership, Coldside Forum.

- Local community projects (Haven, Hillcrest Futures, Grey Lodge, Hilltown Community Centre, Central Library, RSPB etc.)

- Local education providers (nurseries, primary and secondary schools, D&A College, Abertay and Dundee Universities, etc.)

- Organisations and groups that offer their services locally through our centre on a weekly basis at our one-stop-shop (Social Security, Housing Options, Transform- housing support, Connect- money advice, Home Energy Scotland, Dundee Carers Centre, CANDU –cancer support, Fibromyalgia Support Group, We are With You and Positive Steps – recovery support, Voiceability – disabilities support, DCC Employability, SAMH etc.)

- The Toadstool trail. WhimSicAL Lush and Rod Mountain

MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

City-wide partnerships:

We represent our community to inform plans, policies and new legal frameworks that may affect their lives and local environment. This also enables us to make sure we are responding to identified needs at city-level. We are active members of the following partnerships:

- Founding partner of Dundee Community Food Network (24 food provision projects)

- Founders & facilitators of Grow Dundee / Dundee Community Food Growers Network (30 community gardens)

- Co-leading Dundee Changemakers Climate Hub project.

- Dundee Community Adult Learning Network and collaborations with the Community Health Team, local Dundee Volunteer and Voluntary Action, Dundee Community Panel (to voice issues, challenges and the impact of the current financial climate on our community)

- Partners of Sustainable Dundee and Creative Dundee networks, working in collaboration through events or projects like Cultivate or co-designing the Hilltown Park.

- We collaborate with youth and mental health organisations like Feeling Strong, Hot Chocolate Trust, Barnardo’s and DVVA Youth.

- Hosting activities from V&A, DCA, Verdant Works or Dundee Science Museum.

Thematic networks, partnerships and mentoring relationships:

We are also part of Scottish-wide forums and communities of practice that enhance the quality of our work and enable us to collaborate and share and showcase the innovative aspects of what we are doing that work (or don’t) locally and across Scotland.

- Nourish Scotland

- Ranknet with Rank Foundation partners

- Scottish Communities Climate Action Network

- Keep Scotland Beautiful Network

- Trellis & Social Gardens and Farms networks

- Eden Communities Scotland

- HUBBUB Community Fridge Network

- Warm Spaces Network

- Edinburgh Science Festival and Edinburgh Garden Partners (mentoring our new project) Royal Society for Arts ( Playful Green Planet)

Volunteers

Our valuable volunteers are crucial to the project and provide a huge investment of time that facilitates a wide range of activities within the centre. Thank you;

Andrew Kirk, Aaron Abrahim, Ann-Marie McIntosh, Audrey Scullin, Clyde Williamson, Daniel Burns, Dave McQueen, David Lacok, David McGregor, Duncan Leyton, Eileen Carmichael, Emma Connelly, Emma Wilson, Erwan Ansquer, Farzana Chaudry, Fiona Carr, Frances Carroll, Fraser Carmichael, Gary Germaine, Gilbert Oakley, Gina McCuskey, Graham Smith, Hannah Lynch, Iain Waghorn, Jake Chamers, James Burns, Jill McNaughton, Jim Maule, Jodie Jackson, John Cullocch, Karen Cunningham, Kenny Christie, Kier Grant, Lorraine McClusky, Lesley MacPherson, Lorraine Mellor, Loyale Hood, Margaret Edwards, Marnie Faulkner, Mat Hudson, Ryan McInnes, Maureen McIvor, Michael D aily, Mike O’Connell, Mo Cameron, Murray Webster, Naima Todd, Nicola Dobson, Odette Flannery, Omar Fiaz, Paul Lattin, Rocel Mehati, Razia Kadir, Robbie King, Sylvia Anderson, Roland Gardiner, Serhii Matvieiev, Steven Thomson, Sue Forester, Susan Alexander, Suzanne Webster, Tammy Hogan, Reece Edwards, Jordan Ford, Tanya Sokolova, Terence Gallaher, Tom Crawford, Tung Le, Wendy McCartney, Wendy Scullin, Pat Lawrence, Lynda Gilmore, Les Forester, Neil Brown, Alistair Bovill, Gavin Jackson, Laura Galloway.

Youth Volunteers: Bethan Carlin, Ellen Forbes, Imogen Scullin, Scott Costello, Adan Ahmed, Calvin Howie, Ellie Hurley, Eva Van Eden, Freya Duncan, Logan Strachan, Rigo Bentley, Faith Marshall, Arianna Gucci, Lauren Burke, Rhylee Duncan and Tung Le.

MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -

Funding

And so to funding: Our sincere thanks to those organisation’s supporting our efforts to serve the community in such a meaningful and well received way:

NHS Tayside CharitableTrust, The Rank Foundation, Dundee Partnership, The Big Lottery, Northwood Trust, Children in Need, Balgay Children’s Society, Alexander Moncur Trust, Leng Trust, Tesco, BT, Investing in Communities, The Robertsons Trust, Rotary Club, Dundee Bairns, OPEN, Balgay Children’s Trust, The Nine Trades, ASDA, The Dundee Climate Fund, Community Health and Wellbeing Fund, The Tillyloss Trust, The Hugh Fraser Foundation, HUBBUB, Henry Smith and Gartfield Weston, Playful Green Planet, and The Walter Craig Trust.

We are grateful and delighted to have worked so closely with them all.

Financial review

The charitable company has made a net surplus of £66,640 for the year (2024 - £21,589) and the total of accumulated funds at 31 March 2025 is £1 98,375 (2024 - £131,735).

Going concern

Risk Management

The Board is responsible for the management of the risks faced by the company. Risks are identified, assessed and controls established throughout the year. A formal review of the company’s risk management processes is undertaken on an annual basis.

Through the risk management processes established for the company, the board is satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

The principal risk faced by the charitable company lies in its ability to continue to secure appropriate funding to enable it to carry out its ongoing operations. The ongoing financial position is reviewed and discussed by directors at each meeting the review process enables us to ensure we continue to only provide services and activities where we have the financial ability to do so.

Reserves policy

Reserves Policy

Unrestricted funds are needed:

a) to provide funds which can be designated to specific projects to enable these projects to be undertaken at short notice; and

b) to cover administration fund-raising and support costs without which the charity could not function.

The Board consider it prudent that unrestricted reserves should be sufficient:

a) to avoid the necessity of realising fixed assets held for the charity’s use;

b) to cover three months administration, fund-raising and support costs.

The level of reserves is monitored and reviewed by the board several times a year. The unrestricted reserves, including designated funds are £87,096 (2024 - £56,340) and have more than achieved the requirements set out above. The charitable company held £111,279 (2024 - £75,395) of restricted funds.

Structure, governance and management

Governing Document

Maxwelltown Information Centre is a company limited by guarantee having no share capital and is governed by a Memorandum and Articles of Association. The company incorporated on 25 February 2002 and commenced business as a limited company from 1 April 2002. The Centre is registered as a charity in Scotland.

MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -

The directors who served during the year and up to the date of signature of the financial statements were:

Murray R Webster
Iain L Waghorn
Nicola H Dobson
Marnie Faulkner
Andrew E Kirk
Matthew C Hodson
(Retired 1 March 2025)
Suzanne Webster
David Lacok
Kenneth A Christie
Razia Kadir
(Retired 30 November 2024)
Recruitment and appointment of trustees

Recruitment and Appointment of Directors

Under the requirements of the Memorandum and Articles of Association Section 44 (a) any Member Director who was appointed by the directors (under article 42) in the period from the date of the last annual general meeting shall retire from office and (b) out of the remaining Member Directors, all directors who have been longest in office since they were last appointed or re-appointed shall retire from office.

Directors Induction and Training Policy

New board members undergo an orientation day to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan, and recent financial performance of the charit able company. During the induction day they meet key employees and other board members. Board members are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Organisational Structure

The c haritable c ompany has a Board of directors who meet regularly and are responsible for the strategic direction and policy of the charit able company.

A scheme of delegation is in place and the day-to-day responsibility for the provision of services rests with the Project Manager along with the staff team.

The directors' r eport was approved by the Board of Directors.

Murray R Webster
Iain L Waghorn
Director
Director
16 September 2025
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
STATEMENT OF DIRECTORS' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -

The directors, who also act as trustees for the charitable activities of Maxwelltown Information Centre, are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the directors to prepare financial statements for each financial year 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 year.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. 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.

MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT
TO THE DIRECTORS OF MAXWELLTOWN INFORMATION CENTRE
- 8 -

I report on the financial statements of the charitable company for the year ended 31 March 2025, which are set out on pages 9 to 26.

This report is made to the directors, as a body, in accordance with the terms of my engagement. My work has been undertaken to enable me to report my opinion set out below and for no other purpose. To the fullest extent permitted by law I do not accept or assume responsibility to anyone other than the directors, as a body, for my work or for this report.

Respective responsibilities of directors and examiner

The charity trustees (who are also the directors of Maxwelltown Information Centre for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).The charitable company directors consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Regulations does not apply.

It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

In the course of my examination, no matter has come to my attention

1. which gives me reasonable cause to believe that in any material respect the requirements:

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

- to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations

have not been met, or

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Suzanne Kerr, FCCA, FCCA
MMG Chartered Accountants
Chapelshade House
78-84 Bell Street
Dundee
DD1 1RQ
17 September 2025
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
Unrestricted
Unrestricted
Restricted
Total
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
funds
funds
funds
general
designated
general
designated
2025
2025
2025
2025
2024
2024
2024
2024
Notes
£
£
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
87,998
-
306,840
394,838
27,610
-
271,721
299,331
Charitable activities
4
6,856
-
-
6,856
6,023
-
-
6,023
Other trading activities
5
1,180
-
-
1,180
1,620
-
-
1,620
Investments
6
334
-
-
334
-
-
-
-
Other income
7
4,158
-
-
4,158
8,221
-
-
8,221
Total income
100,526
-
306,840
407,366
43,474
-
271,721
315,195
Expenditure on:
Charitable activities
8
66,026
2,828
271,872
340,726
40,908
3,923
248,775
293,606
Total expenditure
66,026
2,828
271,872
340,726
40,908
3,923
248,775
293,606
Net income/(expenditure)
34,500
(2,828)
34,968
66,640
2,566
(3,923)
22,946
21,589
Transfers between funds
(916)
-
916
-
(1,155)
1,906
(751)
-
Net movement in funds
10
33,584
(2,828)
35,884
66,640
1,411
(2,017)
22,195
21,589
Reconciliation of funds:
Fund balances at 1 April 2024
52,088
4,252
75,395
131,735
50,677
6,269
53,200
110,146
Fund balances at 31 March 2025
85,672
1,424
111,279
198,375
52,088
4,252
75,395
131,735
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 12 to 26 form part of these financial statements.

MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
14
3,674
4,252
Current assets
Debtors
15
49,687
2,942
Cash at bank and in hand
148,441
126,609
198,128
129,551
Creditors: amounts falling due within one year
16
(3,427)
(2,068)
Net current assets
194,701
127,483
Total assets less current liabilities
198,375
131,735
The funds of the charitable company
Restricted income funds
18
111,279
75,395
Unrestricted funds - general
85,672
52,088
Unrestricted funds - designated
19
1,424
4,252
198,375
131,735

The notes on pages 12 to 26 form part of these financial statements.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the directors on 16 September 2025
Murray R Webster
Iain L Waghorn
Director
Director
Company registration number SC228491 (Scotland)
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
1
Accounting policies
Charity information

Maxwelltown Information Centre is a private company limited by guarantee incorporated in Scotland. The registered office is 10 Euclid Crescent, Dundee, DD1 1AG.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charitable company is a Public Benefit Entity as defined by FRS 102.

The charitable company has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the directors for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Transfers are made between funds to clear any funds in deficit.

1.4
Income
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount.

Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable. Where a grant covers a period subsequent to the year end, that element of the grant is deferred as at the year end.

Income from grants, where related to service delivery, are accounted for when the charity earns the right to consideration by its performance.

MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -

Investment income is accounted for when receivable.

Donated facilities and services are included at the value to the charity where this can be quantified.

The value of services by votunteers has not been included in these financial statements

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Any asset purchased over the value of £500 is capitalised.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
over the term of the lease
Equipment
over 4 years (25%)
1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.8
Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9
Taxation

Maxwelltown Information Centre Limited is recognised as a charity for the purposes of applicable taxation legislation and is not, therefore, subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.

1.10
Retirement benefits

The company makes contributions into personal pension plans for employees. The contributions are charged to the income and expenditure account in the period in which they are made.

MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
2
Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the directors 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements
Depreciation

Tangible fixed assets are depreciated over a period to reflect their estimated useful life. The applicability of the assumed lives is reviewed annually, taking into account factors such a physical condition, maintenance and obsolescence.

Accruals

Accruals are applied at the year end based upon financial costs received post year end and the experience of the directors.

3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Donations and gifts
9,776
200
9,976
8,010
-
8,010
Grants
78,222
306,640
384,862
19,600
271,721
291,321
87,998
306,840
394,838
27,610
271,721
299,331
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
(Continued)
- 15 -
Grants
Balgay Childrens Society
-
1,000
1,000
-
1,000
1,000
Big Lottery
-
43,216
43,216
-
44,013
44,013
Changemakers Hub
-
7,952
7,952
-
5,300
5,300
Cosy Corner
-
-
-
-
400
400
Children in Need
-
14,787
14,787
-
14,787
14,787
Come Dine With Us
-
1,830
1,830
-
-
-
Community Health & Wellbeing Fund
-
25,324
25,324
-
-
-
CRF - Cupboard Steward
-
3,750
3,750
-
-
-
CRF - Kitchen
-
1,512
1,512
-
-
-
Discover Opportunities
-
-
-
-
3,848
3,848
Dundee Bairns
-
1,538
1,538
-
2,683
2,683
Dundee City Council Winter Grant
-
1,000
1,000
-
-
-
Dundee Climate Fund
-
-
-
-
42,704
42,704
Dundee Community Gardens Network
-
500
500
-
5,000
5,000
Dundee Fresh Food Fund
-
2,250
2,250
-
-
-
Dundee Partnership
-
-
-
-
17,178
17,178
DVVA
-
-
-
-
3,750
3,750
Faith in the Community
-
-
-
-
3,000
3,000
Garden Club
-
12,341
12,341
-
-
-
Garfield Weston
25,000
-
25,000
-
-
-
Hubbub
-
9,500
9,500
-
-
-
Hugh Fraser Foundation
-
-
-
-
20,000
20,000
Henry Smith
36,600
-
36,600
-
-
-
Hilltown Management Group
122
-
122
-
-
-
Investing in Communities
-
73,390
73,390
-
77,758
77,758
Leng Charitable Trust
-
2,000
2,000
-
-
-
Lord Armistead's Dundee Trust
500
-
500
-
-
-
Lothian Family Charitable Trust
-
5,522
5,522
-
-
-
Neighbourly
-
-
-
-
500
500
Northwood
-
15,000
15,000
-
-
-
Nourish the Nation
-
1,779
1,779
-
-
-
OPEN
-
871
871
-
1,350
1,350
Rank Foundation
-
-
-
-
26,200
26,200
Robertson Trust
16,000
-
16,000
17,600
-
17,600
Scan
-
-
-
-
250
250
Tayside Health Trust
-
36,646
36,646
-
-
-
Carried forward
78,222
261,708
339,930
17,600
269,721
287,321
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Income from donations and legacies
(Continued)
- 16 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
general
general
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Brought forward
78,222
261,708
339,930
17,600
269,721
287,321
Tesco Foundation
-
-
-
-
2,000
2,000
The Big Grow
-
43,085
43,085
-
-
-
Volunteer Matters
-
247
247
-
-
-
Walter Craig Charitable Trust
-
-
-
2,000
-
2,000
Youth Sewing Group
-
600
600
-
-
-
YPI
-
1,000
1,000
-
-
-
78,222
306,640
384,862
19,600
271,721
291,321
4
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Charitable rental income
6,856
6,023
5
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Training workshops
1,180
1,620
6
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
334
-
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
7
Other income
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Other income
4,158
8,221
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
8
Expenditure on charitable activities
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Direct costs
Staff costs
26,307
219,478
245,785
5,603
206,080
211,683
Depreciation and impairment
3,578
-
3,578
3,923
-
3,923
Garden project
-
8,449
8,449
556
4,463
5,019
Garden Club
135
6,267
6,402
35
4,002
4,037
Community cupboard
330
4,621
4,951
590
6,869
7,459
Volunteer expenses
-
5,255
5,255
267
4,208
4,475
Staff training, travel and other expenses
287
801
1,088
1,399
1,255
2,654
Legal and professional fees
1,702
-
1,702
2,413
-
2,413
Telephone
989
-
989
741
-
741
Printing, stationery and marketing
6,176
280
6,456
560
1,733
2,293
Computer and internet
845
-
845
682
-
682
Rent
12,387
4,590
16,977
13,126
4,174
17,300
Insurance
2,097
-
2,097
1,719
-
1,719
Repairs and maintenance
3,189
-
3,189
5,210
-
5,210
Heat and light
6,460
-
6,460
3,897
-
3,897
Other projects
508
14,589
15,097
-
7,732
7,732
Miscellaneous
1,294
7,542
8,836
1,830
8,259
10,089
66,284
271,872
338,156
42,551
248,775
291,326
Share of support and governance costs (see note 9)
Governance
2,570
-
2,570
2,280
-
2,280
68,854
271,872
340,726
44,831
248,775
293,606
Analysis by fund
Unrestricted funds - general
66,026
-
66,026
40,908
-
40,908
Unrestricted funds - designated
2,828
-
2,828
3,923
-
3,923
Restricted funds
-
271,872
271,872
-
248,775
248,775
68,854
271,872
340,726
44,831
248,775
293,606
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
9
Support costs allocated to activities
2025
2024
£
£
Governance costs
2,570
2,280
Analysed between:
Unrestricted funds
2,570
2,280
10
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
2,570
2,280
Depreciation of owned tangible fixed assets
3,578
3,923
11
Directors

None of the directors (or any persons connected with them) received any remuneration, benefits or reimbursement of expenses from the charitable company during the year (2024 - nil).

Directors’ indemnity insurance was purchased at a cost of £131 (2024 - £1 72).

12
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Directors
9
9
Others
16
13
Total
25
22
Employment costs
2025
2024
£
£
Wages and salaries
224,836
195,231
Social security costs
11,020
7,358
Other pension costs
9,929
9,094
245,785
211,683
There were no employees whose annual remuneration was more than £60,000 during this or the preceding financial year.
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12
Employees
(Continued)
- 20 -
Remuneration of key management personnel

The charitable company considers its key management personnel comprises the Trustees and the Project Co-ordinator. The remuneration of key management personnel was as follows:

2025
2024
£
£
Aggregate compensation
34,841
32,468
13
Taxation

No liability to UK corporation tax arises on ordinary activities for the current or previous year. The charitable company is recognised by H M Revenue & Customs as charitable and is not, therefore, liable to UK corporation tax.

14
Tangible fixed assets
Leasehold improvements
Equipment
Total
£
£
£
Cost
At 1 April 2024
27,119
46,153
73,272
Additions
-
3,000
3,000
Disposals
(25,621)
(23,484)
(49,105)
At 31 March 2025
1,498
25,669
27,167
Depreciation and impairment
At 1 April 2024
27,119
41,901
69,020
Depreciation charged in the year
-
3,578
3,578
Eliminated in respect of disposals
(25,621)
(23,484)
(49,105)
At 31 March 2025
1,498
21,995
23,493
Carrying amount
At 31 March 2025
-
3,674
3,674
At 31 March 2024
-
4,252
4,252
15
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
48,044
1,341
Prepayments and accrued income
1,643
1,601
49,687
2,942
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
16
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
3,277
2,068
Accruals and deferred income
150
-
3,427
2,068
17
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
9,929
9,094

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
18
Restricted funds

The restricted funds of the charity compri se the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be use d.

At 1 April 2024
Incoming resources
Resources expended
Transfers
At 31 March 2025
£
£
£
£
£
Alexander Moncur
375
-
(375)
-
-
Asda Foundation
145
-
(154)
9
-
Balgay Childrens Society
-
1,000
-
-
1,000
Big Lottery
3,132
43,216
(43,455)
-
2,893
Community Health & Wellbeing Fund
1,920
25,324
(15,732)
-
11,512
Changemakers Hub
3,185
7,952
(3,261)
-
7,876
Children in Need
6,826
14,787
(10,455)
-
11,158
Come Dine With Us
-
1,830
(1,532)
-
298
CRF - Cupboard Steward
-
3,750
(3,750)
-
-
CRF - Kitchen
-
1,512
(1,629)
117
-
Dundee Bairns
1,068
1,538
(1,970)
-
636
Dundee City Council Winter Grant
-
1,000
(998)
-
2
Dundee Climate Fund
15,545
-
(15,541)
-
4
Dundee Community Gardens Network
5,000
600
(1,755)
-
3,845
Dundee Fresh Food Fund
-
2,250
(2,426)
176
-
DVVA
2,322
-
(1,499)
-
823
Faith in the Community
573
-
-
-
573
Garden Club 24/25
-
12,341
(12,341)
-
-
Hubbub
-
9,500
(2,887)
6,613
Hugh Fraser Foundation
13,501
-
(7,833)
-
5,668
Investing in Communities
4,083
73,390
(77,294)
-
179
Leng Charitable Trust
1,505
2,000
(1,505)
-
2,000
Lothian Family Charitable Trust
-
5,522
(4,820)
-
702
Northwood Trust
978
15,000
(960)
-
15,018
Nourish The Nation
-
1,779
(1,497)
-
282
OPEN
437
971
(1,150)
-
258
Playful Green Planet
-
-
(190)
190
-
Rank Foundation
14,179
-
(11,756)
-
2,423
ScAN
250
-
(120)
-
130
Tayside Health Trust
-
36,646
(18,747)
424
18,323
Tesco Foundation
371
-
-
-
371
The BIG Grow
-
43,085
(24,706)
-
18,379
Volunteer Matters
-
247
(247)
-
YPI
-
1,000
(817)
183
Youth Growing Group
-
600
(470)
130
75,395
306,840
271,872
916
111,279
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18
Restricted funds
(Continued)
- 23 -
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
Alexander Moncur
375
-
-
-
375
Asda Foundation
-
400
(255)
-
145
Balgay Childrens Society
-
1,000
(1,000)
-
-
Bank of Scotland Foundation
8,883
-
(8,881)
(2)
-
Big Lottery
1,857
44,013
(42,738)
-
3,132
Community Health & Wellbeing Fund
21,104
-
(19,184)
-
1,920
Changemakers Hub
-
5,300
(2,115)
-
3,185
Children in Need
-
14,787
(7,961)
-
6,826
Discover Opportunities
-
3,848
(3,941)
93
-
Dundee Bairns
642
2,683
(2,257)
-
1,068
Dundee City Council
-
2,250
(2,250)
-
-
Dundee Climate Fund
-
42,704
(26,332)
(827)
15,545
Dundee Community Gardens Network
-
5,000
-
-
5,000
Dundee Partnership - Community Cupboard
-
4,928
(4,928)
-
-
Dundee Partnership - Garden Club
-
10,000
(10,000)
-
-
DVVA
-
3,750
(1,428)
-
2,322
Faith in the Community
1,514
3,000
(3,941)
-
573
Hugh Fraser Foundation
-
20,000
(6,499)
-
13,501
Investing in Communities
2,469
77,758
(76,144)
-
4,083
Learning Exchange
600
-
(600)
-
-
Leng Charitable Trust
1,505
-
-
-
1,505
Neighbourly
-
500
(490)
(10)
-
Northwood Trust
10,978
-
(10,000)
-
978
OPEN
136
1,350
(1,049)
-
437
Rank Foundation
2,137
26,200
(14,158)
-
14,179
ScAN
-
250
-
-
250
Tesco Foundation
-
2,000
(1,624)
(5)
371
Tillyloss Trust
1,000
-
(1,000)
-
-
53,200
271,721
(248,775)
(751)
75,395
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18
Restricted funds
(Continued)
- 24 -

Purpose of Restricted Funds

Alexander Moncur Trust - Funds to cover the cost of a part time project worker.

Asda Foundation - Funds to cover supplies for the Csoy Corner

Balgay Childrens Society – Funds for youth work

Bank of Scotland Foundation – Funds to cover the cost of a part time project worker.

Big Lottery – Funds to run the ‘Every1’s Garden’.

Changemakers Hub - Funds towards garden project.

Children in Need – Funds to pay for the summer garden club and after school club.

Come dine with us Funding for a monthly meal for upto 20 local elderly residents. Covers food, kitchen rental and resources for an activity each month

Community Health & Wellbeing Fund - Funds for a garden worker to deliver Garden workshops and support volunteers

CRF Cupboard steward - Part funding for our Community steward role

CRF Kitchen - Funding for kitchen equipment and appliances

Discover Opportunities - Funds to cover the cost of a part time project worker.

Dundee Bairns – Funds for Holiday Garden Club

Dundee City Council - Funds towards the Fresh Food Fund

Dundee City Council - Funds towards Winter Grant

Dundee Climate Fund - Funds towards Maxwell Grows Dundee - Big Grow

Dundee Community Garden Network - Funds towards garden project.

Dundee Fresh Food Fund - for fruit and vegetables

Dundee Partnership – Funds for Centre Steward and Garden Club

DVVA - Funds garden project in conjunction with Campy Growers

Faith in the Community - Funds towards supermarket vouchers and fresh fruit and vegetables

Hubbub - Funds for international cooking and cook book

Hugh Fraser Foundation - Funds to cover staff costs.

Investing in Communities – Funds to run the ‘Every1’s Garden’.

Learning Exchange - Funds towards Skill Share and site visit to Sustainable Kirriemuir

Leng Charitable Trust – Funds to assist in the running costs of the ‘Every1’s Garden’ project.

Lothian Family Charitable Trust- Garden support worker

Neighbourly - Funds for Christmas hampers.

Northwood Trust – Youth work costs

Nourish the nation - Funding for a holiday sessional youth worker

OPEN – Funds for over 55’s art class.

Playful Green Planet - Funding for additional outdoor youth activities

RANK foundation - Funding for a worker as part og their ASPIRE Programme

ScAN - Funds towards Minitrail

Tayside Health Trust - Project development worker

Foundation - Adult and youth cooking group ingredients

Tillyloss Trust - Funds towards youth work.

The BIG Grow - equipment, staff and resources to offer 100 individuals, families and organisations the chance to grow their own fruit and veg at home or at work

Volunteer matters - seeds and equipment for a one off volunteer project

YPI - Funds secured by a member of the Youth Council to be spent on youth work.

Youth Growing Group - Sewing? Micro grant for sewing equipment and resources for Youth groups.

MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 25 -
19
Unrestricted funds - designated

These are unrestricted funds which are material to the charitable company's activities.

At 1 April 2024
Resources expended
Transfers
At 31 March 2025
£
£
£
£
4,252
(2,828)
-
1,424
Previous year:
At 1 April 2023
Resources expended
Transfers
At 31 March 2024
£
£
£
£
6,269
(3,923)
1,906
4,252
20
Analysis of net assets between funds
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
designated
2025
2025
2025
2025
£
£
£
£
At 31 March 2025:
Tangible assets
2,250
1,424
-
3,674
Current assets/(liabilities)
83,422
-
111,279
194,701
85,672
1,424
111,279
198,375
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
designated
2024
2024
2024
2024
£
£
£
£
At 31 March 2024:
Tangible assets
-
4,252
-
4,252
Current assets/(liabilities)
52,088
-
75,395
127,483
52,088
4,252
75,395
131,735
MAXWELLTOWN INFORMATION CENTRE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 26 -
21
Operating lease commitments
Lessee

The operating leases represent lease of premises at St Salvador's Scottish Episcopal Church in Dundee. The lease was negotiated over terms of 20 years and rentals are fixed for five years. All leases include a provision for five-yearly upward rent reviews according to prevailing market conditions. There are no options in place for either party to extend the lease terms.

At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
24,000
24,000
Between two and five years
96,000
96,000
In over five years
438,000
462,000
558,000
582,000
22
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

23
Volunteers

The success of the charity relies on volunteers assisting at the centre. We would like to express our thanks to each and every one of them.

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