REGISTERED COMPANY NUMBER: SC381152 (Scotland)

REGISTERED CHARITY NUMBER: 016309

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

BAVS (BERWICKSHIRE) LTD

Formerly known as The Berwickshire

Association for Voluntary Services

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

7

Independent Examiner's Report

8

Statement of Financial Activities

9

Balance Sheet

10

to

11

Notes to the Financial Statements

12

to

21

TRUSTEES

B Sweenie Director

G W Megahy Retired

Mrs M Romanes Company Director

R Landon Director

M Wilson Retired

M P M Tennant HR Professional

D Nimmo Retired (resigned 1.1.25)

N Woodhead Retired

R C Hamilton Student (resigned 1.1.25)

D S Holmes Chartered Accountant

Ms K E Birch Chief Officer (resigned 1.1.25)

Miss C M Fripp Mental Health Local Area Coordinator

REGISTERED OFFICE

Berwickshire Reuse Hub

Smiths Yard

Berwick Road

Chirnside

BERWICKSHIRE

TD11 3XG

REGISTERED COMPANY NUMBER

SC381152 (Scotland)

REGISTERED CHARITY NUMBER

016309

INDEPENDENT EXAMINER

Gall Robertson CA

Tweedside Park

Tweedbank

Galashiels

Selkirkshire

TD1 3TE

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 March 2025. 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

BAVS (Berwickshire) Ltd is an independent charitable organisation which creates opportunities for people in Berwickshire by investing our time, money and resources to help our communities thrive.

We work to make a difference in:

- Reducing isolation and loneliness

- Improving access to services (retail, health care, learning, education)

- Alleviating poverty and cost of living challenges

- Improving health & wellbeing

- Supporting an ageing population and those with disabilities

- Protecting the environment

Significant activities

To progress our charitable objectives, we engage in the following activities:

- Operating three retail charity shops and a re-use hub

- Engaging and training volunteers

- Identifying initiatives to meet needs in Berwickshire communities at a grassroots level and providing support through micro-grants and selected practical assistance.

Public benefit

The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Office of the Scottish Charity Regulator in exercising their powers or duties.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

This financial year has seen the completion of the transition of Berwickshire Wheels to Borders Wheels, closing this chapter for BAVS. Our best wishes are extended to Borders Wheels as it moves forward.

To support this transition, the organisation has officially changed its name to Bavs (Berwickshire) Ltd, a change now formally recognised by both OSCR and Companies House. In a move to enhance effectiveness and drive progress, the board has also established smaller working groups. These teams are designed to accelerate the development of initiatives aligned with the new focus, allowing for more responsive and agile planning. The changes signal a dynamic and forward-looking phase for Bavs (Berwickshire) Ltd, reinforcing its role in supporting and empowering local communities.

Bavs vision for the future; incorporating reduce, reuse, repurpose, directly supports the charitable objectives of the organisation. By focusing on repurposing and reducing waste through initiatives such as our charity shops and Reuse hub, we actively contribute to the advancement of environmental protection. Volunteering opportunities within these projects not only foster employability skills but also support education and the preservation of fine craftsmanship. Our commitment to promoting community wellbeing aligns with the advancement of health, particularly through projects designed to reduce social isolation and support positive mental health.

Bavs is proud to serve as the administrator of the BCCF Environmental Legacy Fund, which has successfully distributed over £20,000 to community groups making meaningful environmental impacts in their local areas. These projects support sustainability, conservation, and environmental awareness across Berwickshire. In addition, Bavs has distributed funds through its microgrant system, targeting grassroots community groups that are working to strengthen community engagement and connection. These microgrants empower local initiatives, foster collaboration, and enhance the social fabric of Berwickshire, ensuring that even the smallest projects have the resources to create lasting, positive change at a local level. These efforts reinforce our objectives in community development, citizenship, and the relief of those in need through targeted support and local empowerment.

BAVS, with the consent of the funder, SBC Berwickshire Community Fund, gifted four E-bikes and a storage charging station to Sea the Change, an organisation working to promote sustainable transportation methods across Berwickshire. This initiative supports both environmental goals and offers an inclusive, health-promoting transportation option for individuals who may otherwise face barriers to mobility-further advancing our objectives related to health, environmental improvement, and relief of need due to disadvantage.

Shops

This year has seen remarkable progress across our retail operations, with significant developments enhancing both our environmental and social impact. Most notably, the Duns shop has successfully relocated to new premises, establishing a vibrant and impressive presence in the heart of the town square. The upgraded location has not only increased visibility and accessibility, but has also set a new benchmark for the organisation. With its welcoming layout, improved display capacity, and enhanced customer experience, the Duns shop is now considered an exemplar model that will inform future improvements across our other retail outlets.

While all three shops continue to serve as vital community hubs, none exemplifies this role more than the Coldstream shop. During a recent visit, the Chief Officer observed firsthand how the shop provides more than just affordable, pre-loved goods, it has become a safe space offering informal peer support for individuals experiencing social isolation. This underlines the broader role our shops play in fostering connection, dignity, and resilience within our communities.

The Eyemouth shop remains a beloved treasure trove, filled with unique items and a strong sense of local identity. Among its many 'treasures' are two outstanding volunteers whose dedication deserves special recognition. Pat, who has devoted 20 years of service, has decided to take a step back. Her steady commitment and deep knowledge have been invaluable. Similarly, May, who once managed the Eyemouth shop, spent her retirement volunteering in Duns before returning to Eyemouth to continue her support. Both women have demonstrated extraordinary community spirit, and their warmth, wisdom, and compassion will be truly missed by customers and fellow volunteers alike.

The collective effort of our volunteer team has once again been exceptional. Across all three shops, volunteers have contributed over 7,000 hours of their time. This level of commitment not only ensures the smooth operation of our retail services but also reflects the strength of community engagement that lies at the heart of our mission.

In terms of environmental impact, the shops have continued their focus on sustainability by diverting over 41,000kg of donations from landfill. This achievement not only supports our goal of reducing waste but also addresses local poverty by providing affordable access to essential goods. The reuse of clothing, household items, books, and toys ensure that more families can meet basic needs with dignity, while also reducing the environmental footprint of consumer waste.

Reuse Hub - One Year On

The Reuse Hub has proudly celebrated its first birthday, marking a successful year of growth, community engagement, and environmental impact. Over the past year, the Hub has firmly established itself as a key part of the Bavs (Berwickshire) Ltd family. Its presence has not only grown within the organisation but also in the community, becoming a recognised and valued space for sustainability and support.

One of the most significant achievements of the Reuse Hub is the impressive turnover of donated furniture and household items, many of which have found new homes thanks to the generosity of the community. This success reflects the Hub's growing reputation as a practical and environmentally responsible alternative to waste. In addition to helping reduce landfill, the Hub has offered affordable access to quality items, supporting individuals and families in need.

A major asset to the Reuse Hub is its on-site workshop, which has evolved into a vibrant centre for learning and skill-sharing. Here, community members come together to exchange knowledge, repair items, and develop practical skills that focus on a "repair rather than replace" mindset. This space has fostered creativity, confidence, and community cohesion.

Further supporting its mission, the Hub now operates its own Bavs van, which has significantly improved the collection and delivery of donated goods. This development has played a vital role in preventing fly-tipping and reducing waste, while also increasing accessibility for those unable to transport items themselves.

The Reuse Hub has also formed strong partnerships with the Scottish Borders Council Local Area Coordinator service and Community Learning and Development teams. These collaborations have enabled the Hub to become a safe, inclusive environment for individuals seeking to rebuild confidence, develop life skills, and improve their overall wellbeing.

Now open six days a week, the Hub is staffed by a warm and welcoming team who go beyond retail service to share the stories behind many of the items for sale. This personal touch adds to the character of the Hub and strengthens the connection between people and the ethos of reuse.

In just one year, the Reuse Hub has become a shining example of sustainable, community-focused innovation. With continued support and development, it is well-positioned to achieve even greater impact in the years to come.

FINANCIAL REVIEW

Financial position

Charitable funds have decreased to £157,585 in the 2024/25 financial year, down from £264,270 as at 31 March 2024. This reduction is primarily due to the completion of funded projects, the transfer of assets and funds to Berwickshire Wheels, and the initial setup and operational costs associated with the Reuse Hub.

As of 31 March 2025, the total charitable funds include £7,255 in restricted funds (2024: £78,951) and £150,330 in unrestricted funds (2024: £185,319), comprising both cash and fixed assets. The unrestricted funds include the Adapt and Thrive grant, which has been designated for service adaptation and development following the TSI restructuring.

Available reserves stand at £95,887 (as of 31 March 2025), representing approximately 3.8 months of core operating costs, which is in line with our reserves policy target of holding 3-6 months of such costs.

The organisation's financial position is closely monitored through monthly Finance Subcommittee meetings, with a comprehensive financial report presented at each quarterly Board meeting.

Borrowing

BAVS continues to repay the Business Bounce Back Loan of £50,000, secured in August 2020 as a safeguard against potential cash flow issues arising from COVID-19 restrictions. As of 31 March 2025, the outstanding balance is £13,945.70.

Reserves policy

The trustees remain committed to ensuring that BAVS' financial resources are used effectively to benefit the communities of Berwickshire. Our reserves policy is to maintain available unrestricted reserves equivalent to 3-6 months of overhead costs. As at year-end, available reserves were £95,887 (2024: £101,555).

Going concern

Part of the reason for the increased deficit in the 2024/25 accounts is due to the transfer of capital assets to Borders Wheels, along with a financial donation to support the amalgamation of the "wheels" service across the Scottish Borders. BAVS felt a strong sense of duty to contribute to the continued success of this much-loved and much-needed service across Berwickshire, ensuring its sustainability and growth for the future. That said, Bavs also funded its own van to create a smoother, more cost-efficient way of collecting and delivering items for sale across all four locations.

BAVS understands that the deficit in 2024/25 is not a comfortable position to be in, but it was expected as the organisation completed the transfers of Berwickshire Wheels and supported the Hub in its first year of trading. Plans for the Hub moved much quicker than anticipated, which meant that funding applications to support development were not secured in time. That said, the Hub is already thriving, and it's hoped that 2025/26 will see the Hub become financially independent.

The directors are satisfied that it remains appropriate to prepare the accounts on a going concern basis (see note 1).

FUTURE PLANS

As Bavs moves into 2025/26, we are excited to focus on embedding and sharing our refreshed mission across Berwickshire. Central to this will be a rebranding of our shops to reflect our updated values around sustainability, community support, and the circular economy. This rebranding will ensure consistency in messaging and strengthen our identity throughout the region.

We will also increase our involvement in community planning and partnership work, deepening our engagement with local groups, stakeholders, and residents to ensure our efforts align with local needs and priorities. Internally, we will focus on reviewing and standardising our policies and procedures across all shops and the Reuse Hub to ensure we continue to operate effectively and in line with best practices.

A key ambition for the year ahead is to engage a younger population in the "Reduce, Reuse, Recycle" message. We will explore new outreach methods and opportunities to involve young people in environmental action, community volunteering, and peer-led learning.

To further support environmental goals, we aim to expand initiatives that reduce waste to landfill across Berwickshire. This includes reintroducing Bavs' PAT testing service, offering low-cost appliance safety testing to community groups, helping them reuse donated electrical items safely and affordably.

Finally, we will develop a formal recognition pathway for our volunteers, ensuring that everyone who gives their time to Bavs has access to support, training, and a sense of personal achievement. This framework will help volunteers build valuable skills and confidence; while also highlighting the vital role they play in our organisation.

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.

Charity constitution

It was registered under the Companies Act 2006 on 29th June 2010 and its governing constitution is its Articles of

Association. In 2010 the charity assumed the assets and undertaking of the Berwickshire Association for Voluntary Service, an unincorporated association which had been a charity since 1 June 1972.

As the charity has evolved following the creation of Borders Community Action, so has the name. Registered as Bavs (Berwickshire) Ltd with Companies House and OSCR on 10 January 2025, this formal change reflects a renewed strategic direction. As part of this transition, the board also undertook a review of the organisation's constitution to ensure alignment with its updated focus and operating model. The revised constitution was approved by members at the AGM, marking another important step in strengthening the charity's governance and future readiness.

Recruitment and appointment of new trustees

Trustees are either elected by the members or co-opted by the Board subject to confirmation at the next AGM. On appointment trustees are currently inducted into the charity‘s policies and procedures by the Chairman and the Chief Officer.

Organisational structure

The management of the charity is the responsibility of its Board of Trustees who are elected and co-opted according to the terms of the Articles of Association.

The Board oversees the charity's activities and is responsible for the charity's strategy, policy and governance. The Board meets each quarter. The Executive Officer has operational responsibility for the charity as a whole and reports to the Board.

The Board appoints sub-committees as required to advise on specific areas of management. These sub-committees report to the Main Board. There are currently four:

- Finance

- Retail and Fundraising

- Community Development

- HR, Risk and Compliance

FUNDS HELD AS CUSTODIAN FOR OTHERS

The Charity is acting as a custodian trustee for projects that are not constituted as a group. The assets which are included within Cash at bank in the accounts are held by the charity, in safe custody, within it's bank accounts.

The name and objectives of the projects are as follows:

Hygge Club

The Hygge club is supported by BAVS to develop their governance and become constituted as well as with the management of funds.

Creditor balance due at year end: £296 (2024 - £296)

BFVH

Support to the Berwickshire Federation of Village Halls has been provided with admin, grant support, information and risk-assessments for hall use during the pandemic. BAVS supported all Village Halls to apply for Small Grant Business closure and distributed small grants to ensure Village Halls could cover their ongoing bills during the pandemic since all halls were forced to closed. This helped Berwickshire Village Halls to offset the losses incurred as a result of the impact COVID19.

Creditor balance due at year end: £1,646 (2024 - £1,646)

Blackhill Windfarm Community Fund

Custodian for Berwickshire Alliance

Creditor balance due at year end: £1,415 (2024 - £1,415)

BCCF Environmental

Custodian balance for BCCF

Creditor balance due at year end £74,774 (2024 - £70,010)

Boccia

Custodian balance for Boccia

Creditor balance due at year end £288 (2024 - £0)

Approved by order of the board of trustees on 22 September 2025 and signed on its behalf by:

M Wilson - Trustee

I report on the accounts for the year ended 31 March 2025 set out on pages nine to twenty one.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

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

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

(1)	which gives me reasonable cause to believe that, in any material respect, the requirements

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

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

have not been met; or

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

Pamela Baillie

The Institute of Chartered Accountants of Scotland

Gall Robertson CA

Tweedside Park

Tweedbank

Galashiels

Selkirkshire

TD1 3TE

23 September 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

7,680

-

7,680

668

Charitable activities

Charitable activities

6,888

7,993

14,881

96,433

Other trading activities

2

235,537

(2

)

235,535

200,777

Total

250,105

7,991

258,096

297,878

EXPENDITURE ON

Raising funds

Other trading activities

224,525

-

224,525

132,840

224,525

-

224,525

132,840

Charitable activities

Charitable activities

79,875

60,381

140,256

208,992

Total

304,400

60,381

364,781

341,832

NET INCOME/(EXPENDITURE)

(54,295

)

(52,390

)

(106,685

)

(43,954

)

Transfers between funds

14

19,306

(19,306

)

-

-

Net movement in funds

(34,989

)

(71,696

)

(106,685

)

(43,954

)

RECONCILIATION OF FUNDS

Total funds brought forward

185,319

78,951

264,270

308,224

TOTAL FUNDS CARRIED FORWARD

150,330

7,255

157,585

264,270

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

7

54,441

-

54,441

66,729

CURRENT ASSETS

Debtors

8

14,849

-

14,849

30,290

Cash at bank and in hand

9

186,422

7,255

193,677

296,394

201,271

7,255

208,526

326,684

CREDITORS

Amounts falling due within one year

10

(99,808

)

-

(99,808

)

(113,087

)

NET CURRENT ASSETS

101,463

7,255

108,718

213,597

TOTAL ASSETS LESS CURRENT LIABILITIES

155,904

7,255

163,159

280,326

CREDITORS

Amounts falling due after more than one year

11

(5,574

)

-

(5,574

)

(16,056

)

NET ASSETS

150,330

7,255

157,585

264,270

FUNDS

14

Unrestricted funds

150,330

185,319

Restricted funds

7,255

78,951

TOTAL FUNDS

157,585

264,270

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 22 September 2025 and were signed on its behalf by:

M Wilson - Trustee

D S Holmes - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going Concern

The directors have assessed a period of 12 months from the date of approval of the financial statements and based on detailed budgets and results for the year ended 31 March 2026 to date, are satisfied that at this time, no material uncertainties exist that cast significant doubt about the ability of the company to continue as a going concern. Thus the directors adopt the going concern basis of accounting in preparing the financial statements.

Income

Income is recognised when the charity is legally entitled to the funds, any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably.

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

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Income received in advance of provision of community transport or other specified service is deferred until the criteria for income recognition are met.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

In accordance with Charities SORP (FRS102), the general volunteer time of volunteers is not recognised.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

- Expenditure on raising funds are those incurred in seeking voluntary contributions, grants, the generation of funds through fundraising events, the costs of operating the charity shops for the sale of donated goods and their associated support costs.

- Expenditure on charitable activities comprise the costs incurred by the Charity in working to meet its charitable objectives and their associated support costs. Included in expenditure on charitable activities are governance costs which are those costs incurred in providing the governance infrastructure which allows the Charity to operate and comply with constitutional and statutory requirements.

Irrecoverable VAT is charged against the activity for which the expenditure was incurred.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

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

Freehold property

-

not provided

Motor vehicles

-

25% on cost

Office equipment

-

25% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Impairment

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

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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.

Designated funds are unrestricted funds which the Trustees have set aside for specific purposes necessary for the future operation of the Charity. The Trustees have the power to reallocate such funds within unrestricted funds as they see fit or until fully expended.

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.

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.

Donated goods

Donated goods are valued at nil cost with the income from these goods being recognised at the point of sale.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

2.	OTHER TRADING ACTIVITIES

31.3.25

31.3.24

£

£

Sale of donated goods

235,535

193,078

Government grants - trading

-

7,699

235,535

200,777

3.	NET INCOME/(EXPENDITURE)

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

31.3.25

31.3.24

£

£

Depreciation - owned assets

7,409

18,230

Hire of plant and machinery

1,100

-

Independent examination fees

5,880

4,635

Other accountancy services

12,195

12,165

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

5.	STAFF COSTS

31.3.25

31.3.24

£

£

Wages and salaries

156,110

157,169

Social security costs

6,945

5,623

Other pension costs

3,419

3,031

166,474

165,823

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

31.3.25

31.3.24

Total staff

9

11

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

6.	INDEPENDENT EXAMINATION

The amount payable to Gall Robertson CA for the year for independent examination of the accounts is £5,880 (2024 - £4,635)

The amount payable to Gall Robertson CA for the year for other financial services (bookkeeping and payroll) is £12,195 (2024 - £12,165).

7.	TANGIBLE FIXED ASSETS

Freehold

Motor

Office

property

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

40,857

191,689

27,974

260,520

Additions

-

13,000

1,510

14,510

Disposals

-

(181,248

)

-

(181,248

)

At 31 March 2025

40,857

23,441

29,484

93,782

DEPRECIATION

At 1 April 2024

-

170,065

23,726

193,791

Charge for year

-

3,856

3,553

7,409

Eliminated on disposal

-

(161,859

)

-

(161,859

)

At 31 March 2025

-

12,062

27,279

39,341

NET BOOK VALUE

At 31 March 2025

40,857

11,379

2,205

54,441

At 31 March 2024

40,857

21,624

4,248

66,729

Disposals represent the transfer of vehicles with a net book value of £16,860 to Borders Wheels for no consideration and the transfer of e-bikes with a net book value of £2,529 to Sea the Change, also for no consideration. These transfers form part of the charitable activities expenditure in the Statement of Financial Activities on page 9.

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

5,361

VAT

1,951

5,242

Accrued income

7,669

14,199

Prepayments

5,229

5,488

14,849

30,290

9.	CASH IN HAND

Youth

General

Adapt &

Micro

Climate

fund

Thrive

Grants

Action

£

£

£

£

Cash in hand

2,246

-

-

-

Current account

165,292

18,884

469

636

Total

167,538

18,884

469

636

31.3.25

31.3.24

Total

Total

SM24 Tools

Quixwood

funds

funds

£

£

£

£

Carried forward

-

-

-

-

31.3.25

31.3.24

Total

Total

SM24 Tools

Quixwood

funds

funds

£

£

£

£

Brought forward

-

-

-

-

Cash in hand

-

-

2,246

2,865

Current account

1,157

4,993

191,431

293,529

Total

1,157

4,993

193,677

296,394

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 12)

10,320

17,834

Trade creditors

4,221

3,049

Social security and other taxes

1,683

4,175

Custodian trustee creditors

78,419

73,367

Accrued expenses

5,165

14,662

99,808

113,087

For breakdown of Custodian Trustee Creditors, see page 6

11.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 12)

5,574

16,056

12.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year on demand:

Bank overdrafts

-

7,514

Bank loans

10,320

10,320

10,320

17,834

Amounts falling between one and two years:

Bank loans - 1-2 years

4,266

10,320

Amounts falling due between two and five years:

Bank loans - 2-5 years

961

5,068

Amounts falling due in more than five years:

Repayable by instalments:

Bank loans more 5 yr by instal

347

668