REGISTERED COMPANY NUMBER: SC299623 (Scotland)

REGISTERED CHARITY NUMBER: SC037625

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Neilston Development Trust

Page

Report of the Trustees

1

to

9

Independent Examiner's Report

10

Statement of Financial Activities

11

Balance Sheet

12

to

13

Notes to the Financial Statements

14

to

22

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

Our overall aim is to develop the physical, economic, cultural and human assets of Neilston.

Our specific aims and objectives focus on People, Place and Prospects

•

A quality, safe, sustainable and accessible environment that supports community life

•

A thriving, active, informed and engaged local community

•

A robust local economy

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The trustees have been fully committed to ensuring the sustainability of NDT by carefully reducing operational costs while investing in community development.

THE BANK DEVELOPMENT PROGRAMME

Community Events at the Bank

We commenced the new period of charitable activity at the NDT with a coffee morning at the bank, which raised over £752 for the Macmillan Cancer Charity.

Shortly after our 2024 Annual General Meeting, we hosted a successful St Andrew's Night Celebration, hosted by piper Johnny Gauld. The event attracted a large crowd and featured whisky tasting, a grand display of Scottish fare, and traditional entertainment.

As we approached December, our community events team resumed the Free Crafty Kids Art sessions, which the Neilston Childminders supported. Most classes were fully booked, and the attendees provided overwhelmingly positive feedback.

In collaboration with the Neilston War Memorial Group, the village churches, the first responders, the Neilston players, the Neilston Pipe Band, the folk traditional music group, the village choir, and others, we organised a highly successful Neilston Christmas Lights and Bagpipe-led Santa parade through the village. Over 1,500 individuals attended the lights switch-on, and more than 350 children visited Santa's grotto at the bank, where they received a small complimentary gift from Santa Claus himself.

We established a gifting Christmas tree in the bank, in partnership with social services, to enable others to give to those in need. The Christmas lights switch-on also collected food donations, which were subsequently delivered to the Community Shop Blether in the high street.

In the new year, work commenced to clear the gardens in preparation for the upcoming growing season. Additionally, funding applications were submitted for the Gardening Club for the forthcoming year.

During Easter, we held a Village Big Easter Egg Hunt, where children scoured the village to find hidden tokens that could be exchanged at the Bank for a complimentary Easter egg. Over Easter, the Community Events team reran various Crafty Kids Art sessions at the Bank, which were well-attended, and the children appeared to enjoy the complimentary classes.

In May, we held a 200-year celebration senior citizen high tea event at the Bank. Members of the Folks music group entertained guests, and Mr Gordon Munro, a member of the agricultural society, gave a lecture on the history and workings of the much-loved Village Cattle Show event.

During May, we utilised a £500 award from the VAR ER Climate Change group to revamp the community gardens, enabling them to grow locally produced food with zero delivery miles to our community Shop in the village.

Over a dozen employees of Chivas Brothers Distillers volunteered at the Bank for three days, working on charity projects that included reworking the community gardens and the surrounding area. New raised vegetable beds were constructed, and substantial quantities of compost and soil were spread on the site.

The Chivas team reworked the outdoor area of the Bank, painting, weeding, planting, and cleaning areas to enable the Gardening Club to commence growing sessions with style.

In May, the Bank hosted a classical guitar concert featuring the highly skilled ex-Neilstonian, Mr Stewart Kelly. The event was well-attended, and the audience was highly receptive to Mr Kelly's performance.

In June, we received a National Community Lottery award of £8,785 to purchase garden furniture, transforming the outdoor patio into a more usable space for the community. Three 12-seat picnic tables with parasols and a wooden bench were acquired. Funds were allocated to converting the old bike shed into a storage area, and tools and equipment were purchased for the garden works.

The Gardening Club started supplying weekly food /veg deliveries to the Blether Community Hub shop on Main Street from the Bank Gardens.

The Bank community hall is a frequently used venue by various community groups in the village, including the 1st Responders team, which is based there full-time and provides an invaluable service to the community.

Over the year, the bank hosted a Bereavement group, a menopause support group, a Mummies Matter young mothers' support group, and Pensioner free exercise classes, which are very well attended.

Musically, the Bank is home to the Folks traditional music group and the Wee folk ensemble, a mixed instrumental traditional music group for school-age children. Additionally, the Joe Jingles group for babies and toddlers meets once a week at the Bank.

In October, the Crafty Kids sessions resume twice a week, providing children with a tranquil environment in which to engage in art activities.

As we approach November, the NDT sponsors the village Remembrance Week children's poppy stone hunt. Children participate in a hunt to locate decorated poppy stones, which they return to the village war memorial in exchange for a gift voucher.

In November, we received £7,130.98 from the Community Mental Health and Wellbeing Fund for Adults 2025/26 to support staffing for Warm Hub activities, which are set to commence early next year.

December will witness the community events team collaborating with the Crafty Kids sessions once more at the Bank. Additionally, they will liaise with various village groups to organise the Village Christmas lights switch-on and parade on December 7th.

As we head toward 2026, we will seek to foster greater support and volunteerism from the community to help build our team at the trust.

Attracting Business to the Bank

- We are seeing an increase in bookings for use of The Bank and hope to increase this going forward.

- We are in discussions to use the upstairs rooms in The Bank as a shared working or co-working space to increase revenue.

- We are updating our pricing structure as we are under priced using and old pricing structure.

- We have become members of East Renfrewshire Chamber of Commerce.

- We are considering employing an additional member of staff to increase opening times.

Energy Improvements

We have changed energy provider to facilitate the installation of the latest smart meter, giving access to the best market tariffs. This has allowed us to move onto peak/off peak tariffs and already see around 30%+ saving in monthly energy bills.

We are seeking a grant for improvements to the heating controls in the building which will cut our energy use even further and give us more efficient and flexible control over the heating.

Building Maintenance

Water ingress has been the main issue, and this has been resolved. Major repairs to the roof and west chimney have been carried out, and the west gable of the building has been rendered using specialized waterproofing materials.

DEVELOPMENT PROJECTS

Wellpark Site (old Railway line at Double Hedges Road)

With the support of funds from Neilston Windfarm Legacy (NWL), NDT purchased the old railway land at Wellpark for The Neilston to Uplawmoor Link (N-U-Link) Project.

The N-U Link Project was closed when Sustrans and East Renfrewshire Council (ERC) withdrew support, despite the best efforts of the staff and volunteers involved.

NDT then carried out a review of what should be done with the site. An architect was appointed and working with Barrhead Housing Association (BHA) plans were drawn up for 25 Social/Affordable Homes, including some for older people, and a cycle track between Double Hedges Road and Glen Shee Ave. An outline planning application was submitted to ERC for consideration in the Local Development Plan 3 (LDP3) and the Strategic Housing Investment Plan (SHIP). We await a response from ERC.

Talks have also taken place with Paths For All about extending the cycle/walking path to Midge Hole Glen. NDT purchased the last section of the old railway line leading to Midge Hole Glen for £1.

Crofthead Mill and Gardens

We received the final Study Report in September '24 and since then it has been shared with possible partner organisations. Working with BHA a proposal for housing in one of the Crofthead Mill Blocks was submitted to ERC for inclusion in the SHIP. Work is ongoing to identify a partner for the proposed Vertical Farm.

Neilston Community Energy

Work is still ongoing in identifying new sites and land opportunities. The Fereneze site (near the water works) and the Crofthead Mill small hydro opportunities remain strong community energy opportunities; if funding can be found to progress feasibility (note August 2024 CARES funding application was unsuccessful). Otherwise, we are seeking interested landowners to develop community solar and have been in ongoing discussions with the Glasgow Community Energy group.

NEILSTON WINDFARM LEGACY (NWL)

Over the previous year we have helped to support a number of causes and organisations within Neilston through the work of our nominated trustee on the Neilston Windfarm Legacy board (NWL). This work continues the aims of providing financial aid to projects with the G78 3 postcode via a separate charitable trust.

NWL also provided funding towards Neilston Development Trust's core costs enabling it to continue advancing sustainable community development and support activities in the village. These monies were offered following discussions around a business plan that laid out the aims and goals NDT had for the coming year and that is now the basis of the current propositions.

We look forward to working alongside NWL in the coming years to find and work on new projects that bring value to Neilston.

COMMUNICATIONS PLAN

This is in progress. Through Business Gateway, we are receiving free advice and are coming up with a marketing plan which will be in place at the beginning of 2026. In the meantime, we are increasing our social media visibility and posts to interact more with the local community and also trying to work out how best to interact with those members of the community who may not have or may choose not to access social media.

FINANCIAL REVIEW

Financial position

A full review of all financial matters has been ongoing since early 2024.

At the start of quarter 3 2025, our energy supplier has been changed to Octopus with a saving of around £500 per month.

IT has been streamlined, and a new cloud-based facility is now being used. This saves approximately £300 each month.

Insurances required by NDT are now being looked after by Kelvin Smith Insurance Brokers Ltd. Both plans have been renewed with a saving between the 2 plans of around £500 annually.

We are currently looking at our cleaning contract, and a decision will be made on this once we have received all the information we need.

A new bookkeeper joined us in April/May 2025. Louise Pickering is local, lives in Neilston, and is providing great support in getting our finances streamlined and more up to date. Louise also deals with Payroll for our 1 staff member therefore we no longer have the added expense of paying an external provider for this facility. Overall, this change has saved around £700 annually.

Above savings total around £11,000 each year.

Whilst we are doing our best to reduce costs, there are always additional expenses that crop up. Some plumbing work was required during the summer at a cost of over £500.

In quarter 1 of 2025, we joined the East Renfrewshire Chamber of Commerce, and we have a board member who is actively working with them and Glasgow Life to help promote our facility from a commercial point of view. We are actively trying to increase our presence in the business sector as a viable facility that can be used by businesses.

We are currently receiving assistance from Business Gateway East Renfrewshire who will provide us with a 3-month social media marketing campaign. This will help raise our online profile from both a charity and business point of view in the hope of gaining more people using our facility.

Our website is currently out of action due to an ongoing issue with Ionos. We are working on this and hopefully will have the website up and running as quickly as possible.

Full review of current rental rates will be carried out before the end of 2025 with increases occurring. There have been no increases to our rates for several years and sadly, we have come to a point where we must review these. NDT will strive to ensure that the increases to any local groups who use our space are minimal.

We have 1 member of staff, however, we would like another part-time member to assist Heather and provide us with some janitorial/cleaning. Funding will be required for this however if we can save money elsewhere, it will give us the opportunity to offer someone a position, ideally for a couple of years to begin with.

Financial review

During the year to 31 March 2025 , the charity had income of £ 86,613 (2024 £192,653) and incurred expenditure of £118,352 (2024 £204,754). This resulted in a deficit for the year of £28,739 (2024 - £12,101 deficit)

THE YEAR AHEAD

The trustees are now looking forward to completing and implementing our Business Plan, pushing ahead with the current challenging projects, and developing the new initiatives identified in the Plan. Our new board members are already making plans to provide festive events at Xmas.

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.

Recruitment and appointment of new trustees

Neilston Development Trust can appoint elected or co-opted Trustees up to a maximum number of 15.

Elected Trustees

At an annual general meeting the members may elect as a director any member who has confirmed his/her willingness to be appointed. In addition the directors may at any time (provided he /she is willing to act) to be a director (''an elected Director) either to fill a vacancy or as an additional director.

Co-Opted Directors

The directors may at any time appoint any individual (other than an employee of the company) to be a director (''a Co-opted Director) provided he/she is willing so to act, either on the basis that he/she has special skills or experience which would be of assistance to the board or on the basis that he/she has been nominated by an organisation or agency with which the company has close contact in the course of its activities.

The Company is formulating a recruitment and succession policy for the appointment of new Trustees.

Organisational structure

Neilston Development Trust (NDT) is a company limited by guarantee (SC299623) and a charity (SC037625). Its board (currently seven people) meets on a six-weekly cycle. Anyone living in the G78 3 postal code area and supporting the aims of NDT can apply for membership.

Elected board directors are required to live in Neilston. The board also has the power to co-opt additional directors on the basis of skills requirements. Current skills within the board include business development, town planning and regeneration, community development and health development.

NDT had a shared ownership in Neilston Community Windfarm through its trading subsidiary NDT Trading Ltd. This company was disposed of as part of the overall sale agreement for the wind farm with TRIG and is no longer part of NDT's structure. NDT has established an independent charitable entity, Neilston Windfarm Legacy SCIO. This entity has five members who have the right to attend members' meetings (including any annual general meeting). The members are responsible for any changes to the constitution. One of these members is NDT and another member is an NDT nominee. The remaining three members and the NDT nominee constitute the board of the SCIO and are its charitable trustees.

The board holds monthly meetings and controls the activities of the organisation.

Induction and training of new trustees

The trustees are in the process of developing an induction handbook for new Trustees. This will be issued to new trustees on appointment. The trustees recognise that ongoing training and development is essential to their role. As such, individual Trustees shall undertake a skills audit on appointment to identify any specific areas of training need. In addition, individual Trustees and the board as a whole will regularly take part in training sessions to ensure they are fully made aware of statutory and best practice requirements.

Related parties

As the company is limited by guarantee, the company has no share capital in which the Trustees can have a beneficial interest.

Risk management

The Trustees have developed a risk register as part of the company business plan. This identifies and categorises the risks facing the organisation and sets out the plan for managing these.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC299623 (Scotland)

Registered Charity number

SC037625

Registered office

84 Main Street

Neilston

GLASGOW

East Renfrewshire

G78 3EA

Trustees

A U Walker

M Drennan

Mr I Wood

E Murray

C Lappin (resigned 2.9.24)

R Lappin (resigned 2.9.24)

J Drennan

H Fergus

B Moore

E Ross

E McColgan (appointed 11.4.24)

Independent Examiner

The Kelvin Partnership Ltd

Chartered Accountants

The Cooper Building

505 Great Western Road

Glasgow

G12 8HN

Approved by order of the board of trustees on 20 November 2025 and signed on its behalf by:

A U Walker - Trustee

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

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.

Raymond Henry

The Institute of Chartered Accountants in England and Wales

The Kelvin Partnership Ltd

Chartered Accountants

The Cooper Building

505 Great Western Road

Glasgow

G12 8HN

20 November 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

-

-

-

95,626

Charitable activities

Charitable activities

-

75,038

75,038

82,146

Other trading activities

2

14,572

-

14,572

14,876

Other income

3

-

3

5

Total

14,575

75,038

89,613

192,653

EXPENDITURE ON

Charitable activities

Charitable activities

10,557

87,746

98,303

185,322

Other

6,574

13,475

20,049

19,432

Total

17,131

101,221

118,352

204,754

NET INCOME/(EXPENDITURE)

(2,556

)

(26,183

)

(28,739

)

(12,101

)

RECONCILIATION OF FUNDS

Total funds brought forward

150,821

327,588

478,409

490,510

TOTAL FUNDS CARRIED FORWARD

148,265

301,405

449,670

478,409

31.3.25

31.3.24

Notes

£

£

FIXED ASSETS

Tangible assets

7

398,303

440,352

CURRENT ASSETS

Debtors

8

26,738

7,206

Cash at bank

30,406

78,433

57,144

85,639

CREDITORS

Amounts falling due within one year

9

(5,777

)

(47,582

)

NET CURRENT ASSETS

51,367

38,057

TOTAL ASSETS LESS CURRENT LIABILITIES

449,670

478,409

NET ASSETS

449,670

478,409

FUNDS

11

Unrestricted funds:

General fund

59,482

58,339

Designated Funds - Property

88,783

92,482

148,265

150,821

Restricted funds

301,405

327,588

TOTAL FUNDS

449,670

478,409

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 20 November 2025 and were signed on its behalf by:

A U Walker - 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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity'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 the current and future periods

Income

All incoming resources are recognised once the charity has the entitlement to the resources, receipt of the income is probable and the monetary value of the incoming resources can be measured with sufficient reliability. Where income has been received in advance of entitlement, this is deferred to future periods.

Expenditure

All expenditure is included on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Raising funds expenditure comprises costs incurred in generating funds for the use in fulfilling the charitable objectives of the charity.

Charitable activities expenditure comprises those costs incurred by the group in the delivery of its activities for the benefit of the 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 functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Charity's activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

Financial instruments

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

Financial instruments are recognized in the charity’s financial statements when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are only 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary

course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Governance costs

Governance costs (which are included as a component of support costs (in accordance with SORP) comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include those related to constitutional and statutory requirements, external scrutiny (audit or independent examination).

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investment with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowing in current liabilities.

Tangible fixed assets and depreciation

Tangible fixed assets costing more than £1,000 are capitalised, including any incidental expenses of acquisition.

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

Freehold Property

-

4% on Cost

Improvements to Property

-

4% on Cost

Fixtures and Fittings

-

25% reducing balance

Computer Equipment

-

33% reducing balance

Land

-

0% on Cost

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and

therefore it meets the definition of a charity for UK corporation tax purposes. It is therefore potentially exempt from taxation in respect of income or capital gains to the extent that such income or gains are applied for charitable purposes.

Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general activities of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Investments

Investments in subsidiary and associate undertakings are included at cost less any provision for impairment.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its employees. The assets of the scheme are administered by the Trustees in a fund independent from those of the company.

The pension costs charged against profits represent the employer's contributions payable to the scheme in respect of the accounting period.

Provisions

Provisions are recognised where a legal or constructive obligation has been incurred which will probably lead to an outflow of resources that can be reasonably estimated. Provisions are recorded for the estimated ultimate liability that is expected to arise, taking into account the time value of money where material.

A contingent liability is disclosed where the existence of the obligation will only be confirmed by future events, or where the amount of the obligation cannot be measured with reasonable reliability. Contingent assets are not recognised but are disclosed where an inflow of economic benefits is probable.

Legal status

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

2.	OTHER TRADING ACTIVITIES

31.3.25

31.3.24

£

£

Room rental

13,747

13,688

Other

165

1,188

Other income

660

-

14,572

14,876

3.	NET INCOME/(EXPENDITURE)

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

31.3.25

31.3.24

£

£

Auditors' remuneration for non audit work

2,160

2,400

Depreciation - owned assets

20,049

19,432

4.	TRUSTEES' REMUNERATION AND BENEFITS

No trustees received any remuneration during the period (2024 - nil)

Trustees' expenses

Expenses amounting to £nil (2024-£nil) were reimbursed to trustees in the year to 31 March 2025.

5.	STAFF COSTS

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

31.3.25

31.3.24

Charitable

1

1

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

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

95,626

-

95,626

Charitable activities

Charitable activities

-

82,146

82,146

Other trading activities

14,876

-

14,876

Other income

5

-

5

Total

110,507

82,146

192,653

EXPENDITURE ON

Charitable activities

Charitable activities

115,884

69,438

185,322

Other

3,916

15,516

19,432

Total

119,800

84,954

204,754

NET INCOME/(EXPENDITURE)

(9,293

)

(2,808

)

(12,101

)

RECONCILIATION OF FUNDS

Total funds brought forward

160,114

330,396

490,510

TOTAL FUNDS CARRIED FORWARD

150,821

327,588

478,409

7.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

277,510

571,945

59,143

23,009

931,607

Disposals

(22,000

)

-

-

-

(22,000

)

At 31 March 2025

255,510

571,945

59,143

23,009

909,607

DEPRECIATION

At 1 April 2024

141,608

278,485

49,741

21,421

491,255

Charge for year

5,436

11,738

2,351

524

20,049

At 31 March 2025

147,044

290,223

52,092

21,945

511,304

NET BOOK VALUE

At 31 March 2025

108,466

281,722

7,051

1,064

398,303

At 31 March 2024

135,902

293,460

9,402

1,588

440,352

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,187

6,243

Prepayments

23,551

963

26,738

7,206

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

(27,610

)

41,550

Other creditors

30,988

3,633

Accrued expenses

2,399

2,399

5,777

47,582

10.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Fixed assets

98,339

299,964

398,303

440,352

Current assets

55,703

1,441

57,144

85,639

Current liabilities

(5,777

)

-

(5,777

)

(47,582

)

148,265

301,405

449,670

478,409

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

58,339

1,143

59,482

Designated Funds - Property

92,482

(3,699

)

88,783

150,821

(2,556

)

148,265

Restricted funds

Purchase and refurbishment of property

209,634

(4,036

)

205,598

Purchase and refurbishment of property-Big Lottery

70,246

(8,039

)

62,207

East Renfrewshire Council

12,708

(12,708

)

-

Land Development Fund

35,000

(1,400

)

33,600

327,588

(26,183

)

301,405

TOTAL FUNDS

478,409

(28,739

)

449,670