Charity registration number SC039334 (Scotland)
Company registration number SC337234
GREEN ROUTES STIRLING
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
GREEN ROUTES STIRLING
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Patrick Callaghan (Secretary)
Gillian Forster
John Marsh
Brian Wynne
Angus MacGregor (Chair)
Graham Scott
Colin Strachan
Rachel Craig (Treasurer)
Sandra Anderson
(Appointed 29 March 2025)
Beverly Mountford
(Appointed 29 March 2025)
Pauline Evans
(Appointed 29 March 2025)
Secretary
Patrick Callaghan
Charity number (Scotland)
SC039334
Company number
SC337234
Registered office and principal address
The Walled Garden
Gargunnock House
Gargunnock
Stirling
FK8 3AZ
Independent examiner
Neil Robb FCCA
AAB
Macfarlane Gray House
Castlecraig Business Park
Stirling
FK7 7WT
GREEN ROUTES STIRLING
CONTENTS
Page
Trustees report
1 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7
Notes to the financial statements
8 - 19
GREEN ROUTES STIRLING
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The Trustees 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 Charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and “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)” (second edition - October 2019) (effective from 1 January 2019).

Objectives and activities

Charitable Purposes

 

The objectives of Green Routes are:

 

We aim to develop people with additional support needs or from backgrounds which disadvantage them in terms of employment, to enable them to realise their full potential and, where they have the capacity, to progress towards employability and independent living. Green Routes, with its horticultural base, is designed to meet the needs of students and provide them with a range of opportunities, including also rural and independent living skills. We deliver tangible outcomes of benefit to students and related to their individual needs – communication skills, self-esteem, and employability skills.

 

We have an excellent record of success, with a number of students now in part-time, paid employment.

 

Green Routes aims to further develop the service provided to its clients by providing improved training and welfare facilities at both Gargunnock walled garden and Gartmore field.

Achievements and performance

Activities during the reporting period

 

Students continue to work towards their Royal Caledonian Horticultural Grow and Learn Awards 1 and 2. Our Routes to Work has been extremely successful with students having been supported in work placements at local businesses. Students have been able to maintain their part time employment and one student moved into full time work. Students are also supported to volunteer out with Green Routes. All participants progressed in their social skills, confidence, independent working, and team working.

 

Work has continued to develop the garden at Gargunnock House and to manage the animals at the field in Gartmore.    

 

Development of the infrastructure

 

We have obtained planning permission and building warrant for our architect designed facilities at Gargunnock. Tenders have been obtained and were in excess of expectation. We are providing temporary facilities until decision on re-tender for approved designed option.

 

We have appointed an Architect and Landscape consultant for design of facilities at Gartmore. After discussion with the Loch Lomond and Trossach planners we have submitted a pre-planning application. This was not supported by the planners, and we are currently re-submitting a further application, taking account of the reasons, the planners raised for not supporting our initial application.

 

GREEN ROUTES STIRLING
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

Planting, harvesting and selling crops

 

Students continue to produce plants, herbs and cut flowers to be sold at various local fairs and gala events and from the sales table within the garden. Plants were sold from the community Garage in Aberfoyle. Hens were purchased and eggs are sold to volunteers, students and carers.

 

Supported volunteer training and links with schools and colleges

 

Green Routes continues to have a service level agreement with Stirling Council to offer both training and supported volunteer placements. Clackmannan Council and Glasgow Council took up places as in previous years. Pupils from four local High Schools and one primary school have attended.

 

Development of the organisation – membership, meetings, volunteering, and local community links

 

Membership of Green Routes is 33. Volunteers continue to work in the garden and support our students.

Work continued to consolidate established links and to investigate and forge new links with local businesses. This important work is central to the continued success of our Routes to Work project.

 

Finance and funding

 

Work continues to identify sources of funding. We are now in year 3 of National Lottery funding for three years of salary of a manager for Gargunnock, they had also granted £50,000 as part of the capital works at Gartmore. Other smaller amounts of funding have also been secured for specific purposes. The pledge from the Hugh Fraser Foundation of £15,000 towards the new building at Gargunnock was withdrawn as we decided not to go ahead with this building in the foreseeable future.

Stirling council has rated our Service Outcomes and Service levels, “Very Good".

 

Financial review

The surplus for the year decreased from last year’s high to £134,773 (£157,392, 2024). Following a similar trend to last year, both student income and the cost base continued to increase, and we were able to welcome more students to the garden. The new Gargunnock building is finally up and running, providing a generous office and student space, with some further ancillary work planned over the next year. This is a significant milestone, and along with other improvements, our Total Tangible Assets have increased from £202,183 (2024) to £265,170 (2025), reducing our designated funds balance that was set specifically aside for this purpose. Given our continued healthy financial standing, we did not actively seek or receive any major new external funding.

 

The bank and cash in hand was £574,194 (2024 £539,077) with closing reserves of £885,197 (2024 £750,424), £473,214 (2024 £331,905) relating to unreserved funds, £315,709 (2024 £326,000) to designated funds and £96,274 (2024 £92,519) to reserved funds. During the period there was £83,023 (2024 £31,692) additions to tangible fixed assets as we continued with improvements to Gargunnock and to a lesser extent Gartmore. As detailed in Future Plans below, the requirement for considerable and now near capital funds remains significant.The Board have agreed to designate an additional £67,000 (2024 £136,000) from the unrestricted cash balance towards the capital project.

 

 

GREEN ROUTES STIRLING
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

Future plans

In the next year, we expect to conclude the settling-in of the new building at Gargunnock, and reaffirm development plans with respect to Gartmore. Green Routes will continue to work with local authorities, schools and parents to provide support to its core client base, which requires assistance in moving towards independent living.

 

Reserves policy

The first aim of the reserves policy remains the reduction of the risk of any possible harm or wellbeing of our vulnerable students, in so far as it is in our control. The continuity of service is dependent on specialist staff, volunteers, and suitable premises which are sustainable in the long term.

 

The Board further considers that 6 months operational costs should be reserved to reduce the risk of disruption to their service through periods of financial uncertainty and allow, if necessary, students to move onto other services with as little disruption as possible. The reserves will be built up from unrestricted income. The unrestricted reserves at the year-end were £473,213 (£331,905, 2024) Estimated operational costs over the six-month period are expected to be £162,000 (£135,000, 2024).

 

 

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details are given in the accounting policy 1.2.

Principal funding sources

Fees for service provision continue to be the principal funding source at £381,017 (£379,796 2024) spread over three Council areas, the source is considered robust.

Risk management

Green Routes maintains a risk register and has a risk management policy. The risk register is reviewed at board meetings.

Structure, governance and management

Governing document

Green Routes Stirling is a charitable incorporated association, and the purposes and administration arrangements are set out in the Memorandum and Articles of Association. It constitutes a limited company, limited by guarantee, as defined by the Companies Act 1985.

 

Green Routes was initially established as an unincorporated association on 5th July 2007 and was registered as a company on 5th February 2008 and as a charity in March 2008.

 

Organisational structure

Green Routes Stirling has a Board of Directors who meet regularly and are responsible for the strategic direction and policy of the charity. The Development Manager is the only employee who is a member of the Board of Directors.

 

During the period of this report the work of the charity was entirely undertaken by the Board of Directors, the Development and Operation Managers, Horticultural Tutors, part-time Employability Manager, Part time Garden Managers, Part-time Accounts and Admin Manager, part-time sessional staff and volunteers.

 

GREEN ROUTES STIRLING
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

Trustees

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Peter Williams
(Resigned 28 October 2024)
Patrick Callaghan (Secretary)
Gillian Forster
Kathleen Tracey Storr
(Resigned 17 November 2024)
John Marsh
Brian Wynne
Angus MacGregor (Chair)
Graham Scott
Colin Strachan
Rachel Craig (Treasurer)
Sandra Anderson
(Appointed 29 March 2025)
Beverly Mountford
(Appointed 29 March 2025)
Pauline Evans
(Appointed 29 March 2025)

Recruitment and appointment of trustees

The directors of the company are also charity trustees for the purpose of charity law. Under the requirements of the Memorandum and Articles of Association there shall be no more than twelve directors. Members at the annual general meeting elect directors and one third stand down each year. Directors standing down are eligible for re- election.

 

Angus MacGregor was appointed as Chair and Rachel Craig continues as Treasurer.

 

Induction and training of new trustees

Newly elected directors receive an induction pack to familiarise themselves with the work of the organisation, its policies and practices and current financial position.

 

A Strategy Day facilitated by an independent professional, was held at which the strategic activities were identified, and board responsibilities were allocated.

Statement of Trustees responsibilities

The Trustees, who are also the directors of Green Routes Stirling for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees report was approved by the Board of Trustees.

Angus MacGregor (Chair)
Trustee
10 November 2025
GREEN ROUTES STIRLING
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GREEN ROUTES STIRLING
- 5 -

I report on the financial statements of the Charity for the year ended 31 March 2025, which are set out on pages 6 to 19.

Respective responsibilities of Trustees and examiner

The Charity’s Trustees, who are also the directors of Green Routes Stirling 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 Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts 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 Charities Accounts (Scotland) Regulations 2006. 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 seeking 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 connection with my examination, no matter has come to my attention:

(a)
which gives me reasonable cause to believe that in any material respect the requirements:
(i)

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

(ii)

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
(b)

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

Neil Robb FCCA
AAB
Macfarlane Gray House
Castlecraig Business Park
Stirling
FK7 7WT
Dated: 10 November 2025
GREEN ROUTES STIRLING
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
8,920
40,830
49,750
2,575
40,028
42,603
Charitable activities
4
381,498
-
381,498
381,768
-
381,768
Other trading activities
5
4,322
-
4,322
2,997
-
2,997
Investments
6
9,045
-
9,045
2,612
-
2,612
Other income
7
7,231
-
7,231
-
-
-
Total income
411,016
40,830
451,846
389,952
40,028
429,980
Expenditure on:
Raising funds
8
3,949
-
3,949
4,768
-
4,768
Charitable activities
9
276,049
37,075
313,124
232,770
35,050
267,820
Total expenditure
279,998
37,075
317,073
237,538
35,050
272,588
Net income and movement in funds
131,018
3,755
134,773
152,414
4,978
157,392
Reconciliation of funds:
Fund balances at 1 April 2024
657,905
92,519
750,424
505,491
87,541
593,032
Fund balances at 31 March 2025
788,923
96,274
885,197
657,905
92,519
750,424

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

GREEN ROUTES STIRLING
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 7 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
15
265,170
202,183
Current assets
Debtors
16
48,983
45,853
Cash at bank and in hand
574,194
539,077
623,177
584,930
Creditors: amounts falling due within one year
17
(3,150)
(36,689)
Net current assets
620,027
548,241
Total assets less current liabilities
885,197
750,424
The funds of the Charity
Restricted income funds
19
96,274
92,519
Unrestricted funds
20
788,923
657,905
885,197
750,424

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 Trustees on 10 November 2025
Rachel Craig (Treasurer)
Trustee
Company registration number SC337234 (Scotland)
GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
1
Accounting policies
Charity information

Green Routes Stirling is a private company limited by guarantee incorporated in Scotland. The registered office is The Walled Garden, Gargunnock House, Gargunnock, Stirling, FK8 3AZ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's constitution, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (second edition - October 2019) (effective as of 1 January 2019) . The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts 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 Trustees have reviewed the future funding and activities of the charity. The charity has a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees 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 Trustees in furtherance of their charitable objectives.

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.

1.4
Income

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

 

Donations and similar income

Donations and similar income are included in the year in which they are receivable, which is when the charity becomes entitled to the resource and receipt is probable.

 

Grants receivable

Grants receivable are credited to the Statement of Financial Activities in the year in which they are receivable.

 

Membership income

Membership subscriptions are included in the year in which the charity becomes entitled to the resource.

 

Income from charitable activities

Income from charitable activities includes income from activities or where entitlement is subject to specific performance conditions is recognised as earned (as the related service is provided).

 

Investment income

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

 

 

GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 9 -
1.5
Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources expended in the Statement of Financial Activities, the charity is not registered for VAT and accordingly expenditure is shown gross.

 

Costs of raising funds are costs incurred in attracting voluntary income, and those incurred in activities that raise funds.

 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

 

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

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.

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:

Freehold land and buildings
not applicable
Leasehold improvements
10% straight line
Fixtures and fittings
20% straight line
Equipment
25% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

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. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

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

1.9
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 10 -
1.11

Volunteers

A core group of 23 volunteers work with our students throughout the week and assist with the Volunteer Sundays and themed activities. This has not been accounted for as the value cannot be measured reliably.

2
Critical accounting estimates and judgements

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

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised 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.

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
8,760
-
8,760
2,425
-
2,425
Legacies
160
-
160
150
-
150
Grants
-
40,830
40,830
-
40,028
40,028
8,920
40,830
49,750
2,575
40,028
42,603
Grants
National Lottery Community Fund
-
38,530
38,530
-
38,535
38,535
Forth Enviroment Link
-
-
-
-
1,493
1,493
Stirlingshire Voluntary enterprise
-
2,300
2,300
-
-
-
-
40,830
40,830
-
40,028
40,028
GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
4
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fees for charitable acitvity
381,017
379,796
Fundraising events
-
566
Sundry income
481
1,406
381,498
381,768
5
Other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Plant sales
4,322
2,997
6

Investments

Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
9,045
2,612
7
Other income
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Net gain on disposal of tangible fixed assets
7,231
-
GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
8

Raising funds

Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising and publicity

Volunteer expenses

3,053
2,609

Fundraising expenses

116
9
Fundraising and publicity
3,169
2,618
Trading costs
Other trading activities
780
2,150
3,949
4,768
GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
9
Expenditure on charitable activities
General
General
2025
2024
£
£
Staff costs
242,516
211,430
Depreciation and impairment
17,957
9,475
Enterprise costs
3,124
921
Small equipment
446
202
Rent and utilities
7,124
7,650
Insurance
3,167
3,478
Telephone
990
515
Postage, stationery and IT costs
597
766
Training and sundry expenses
5,350
4,085
Plants
457
1,269
Garden consumables
1,534
1,170
Building materials/fencing
1,536
1,903
Hire of equipment
7,573
6,376
Livestock
3,959
4,140
Equipment repairs
1,430
597
Mileage and mini bus expenses
9,352
6,510
307,112
260,488
Share of support and governance costs (see note 10)
Support
3,007
4,459
Governance
3,006
2,874
313,125
267,821
Analysis by fund
Unrestricted funds
275,050
232,771
Restricted funds
37,075
35,050
312,125
267,821
10
Support costs
Support costs
Governance costs
2025
2024
£
£
£
£

Legal & professional fees

3,007
-
3,007
4,459

Accountancy fees

-
3,006
3,006
2,874
3,007
3,006
6,013
7,333
Analysed between
Charitable activities
3,007
3,006
6,013
7,333

Governance costs includes payments to the independent examiner of £3,006 (2024 - £2,874).

GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
11
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
17,957
9,475
Profit on disposal of tangible fixed assets
(7,231)
-
12
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
11
11
Employment costs
2025
2024
£
£
Wages and salaries
219,490
193,134
Social security costs
12,742
9,021
Other pension costs
10,284
9,275
242,516
211,430

The charity considers its key management personnel to comprise of the trustees and operations manager. The total employment benefits of the key management personnel (including pension contributions) are £69,467 (2024: £73,931).

There were no employees whose annual remuneration was more than £60,000.
13
Trustees
One of the trustees received remuneration during the year (2024: 1). The trustee remuneration was made under the provision of the charity governing document.
Trustee remuneration was as follows:
2025
2024
£
£
Wages and salaries
32,926
35,191
Social security costs
2,396
2,169
Pension costs
1,779
1,911
37,101
39,271
No trustees received other benefits or expenses during the year (2024: none).
GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
14
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

15
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Fixtures and fittings
Equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
159,197
26,918
18,264
42,155
32,813
279,347
Additions
3,720
70,582
7,000
1,721
-
83,023
Disposals
-
(1,810)
-
(2,027)
-
(3,837)
At 31 March 2025
162,917
95,690
25,264
41,849
32,813
358,533
Depreciation and impairment
At 1 April 2024
-
4,825
4,386
35,140
32,813
77,164
Depreciation charged in the year
-
9,568
5,053
3,336
-
17,957
Eliminated in respect of disposals
-
(181)
-
(1,577)
-
(1,758)
At 31 March 2025
-
14,212
9,439
36,899
32,813
93,363
Carrying amount
At 31 March 2025
162,917
81,478
15,825
4,950
-
265,170
At 31 March 2024
159,197
22,092
13,878
7,016
-
202,183
16
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
19,178
7,011
Prepayments and accrued income
29,805
38,842
48,983
45,853
17
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
138
33,745
Accruals and deferred income
3,012
2,944
3,150
36,689
GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
18
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
10,284
9,275

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

19
Restricted funds

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

At 1 April 2024
Incoming resources
Resources expended
At 31 March 2025
£
£
£
£
National Lottery Community Fund
91,706
38,530
(36,262)
93,974
Forth Enviroment Link
813
-
(813)
-
Stirlingshire Voluntary enterprise
-
2,300
-
2,300
92,519
40,830
(37,075)
96,274
Previous year:
At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
National Lottery Community Fund
87,541
38,535
(34,370)
91,706
Forth Enviroment Link
-
1,493
(680)
813
87,541
40,028
(35,050)
92,519

 

Fund purposes

 

National Lottery Community Fund - Improving Lives: restricted to set up costs for Gartmore site and employment of an employability manager. Transfers from this fund relate to the purchase of capital items.

 

Forth Environment Link - Climate hub seed grant, to purchase seeds to use in garden.

 

Stirlingshire Voluntary Enterprise - Healthy eating grant to promote healthy eating for students.

GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
20
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2024
Incoming resources
Resources expended
Transfers
At 31 March 2025
£
£
£
£
£
Property development
326,000
-
-
(10,291)
315,709
General funds
331,905
411,016
(279,998)
10,291
473,214
657,905
411,016
(279,998)
-
788,922
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
Property development
190,000
-
-
136,000
326,000
General funds
315,491
389,952
(237,538)
(136,000)
331,905
505,491
389,952
(237,538)
-
657,905

Purpose of funds

The property development fund has been setup to meet the costs of developing the infrastructure.

GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
21
Analysis of net assets between funds

Unrestricted

Restricted

Total

Unrestricted

Restricted

Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Fund balances at 31 March 2025 are represented by:
Tangible assets
265,170
-
265,170
202,183
-
202,183
Current assets/(liabilities)
523,752
96,274
620,027
455,722
92,519
548,241
788,922
96,274
885,197
657,905
92,519
750,424
GREEN ROUTES STIRLING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
22
Operating lease commitments
Lessee

 

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

2025
2024
£
£
Within one year
5,000
5,000
Between two and five years
20,000
20,000
In over five years
10,000
15,000
35,000
40,000
23
Related party transactions

There were no disclosable related party transactions during the year (2024 - none), apart from the transactions disclosed in note 12.

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