REGISTERED COMPANY NUMBER: SC213108 (Scotland)

REGISTERED CHARITY NUMBER: 031862

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LOW GREEN & AYR SEAFRONT TRUST LIMITED

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

11

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 activities

The Trust's objectives are to work to preserve the Common Good, the Low Green and Ayr seafront and other open lands in Ayr and surrounding areas and to provide a forum for debate on all issues concerning the aforementioned areas. The policies adopted in furtherance of these objects are shown in note 1 and there has been no change in these during the year.

The activities were in accordance with the Charity's objectives.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Charity maintained its financial position and achieved its objectives.

Following complaints from 2 of our members with properties overlooking the Low Green we have been in correspondence with the CEO of South Ayrshire Council and the Sheriff's Office regarding the lack of consultation regarding the erection of Wifi posts on the Low Green. We have also held a meeting with a local councillor regarding this and the publication of a list of Common Good assets. We are also interested in the whole issue of Common Good assets and what payments are made into the the Common Good Fund for the use of them. Since they belong to the people of Ayr and not the Council who are merely their custodian. We have also been concerned with the application of belated planning permission for temporary structures on the Blackburn car park. We have continued to hold in the region of £25,000 invested for our members in order for LAST to take advice and where necessary legal action to fulfil our remit.

FINANCIAL REVIEW

Financial position

Turnover, which comprises subscriptions and donations from members, and the operating expenses are summarised in the Statement of Financial Activities. The surplus for the year has been transferred to reserves. The year-end financial position is considered satisfactory.

The company is a Scottish Charity. Any donation to the charity can be made within Gift Aid and is treated net of basic rate tax, which can be recovered by the charity. The gross equivalent is allowed against higher rates for the donor. Gift Aid declaration forms are available from the chairman.

It is general policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a minimum level £5,000. The directors consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Reserves are in excess of the general policy because the directors see themselves as custodians of funds that were raised to enable a challenge to be made against plans to build/construct on the Ayr Low Green and Seafront. The directors have been successful, in that these plans are not proceeding at present or in the near future. These remaining funds are retained for the future challenges on Ayr Seafront or similar alternative sites in Ayr that will fit in to the charitable objectives. The reserves will not significantly change from their current level until a new issue arises that the directors consider requires their intervention.

The directors have assessed the major risks to which the Trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Trust is a company limited by guarantee. The Trust is controlled by the Committee of Management.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC213108 (Scotland)

Registered Charity number

031862

Registered office

20 Barns Street

Ayr

Ayrshire

KA7 1XA

Trustees

P D De Moncey Conegliano

W Mooney

Mrs L Inglis

Other Committee Members

Brady Robertson

David Lodge

Company Secretary

P D De Moncey Conegliano

Independent Examiner

Galbraith Pritchards

20 Barns Street

Ayr

Ayrshire

KA7 1XA

Solicitors

McGrigors

Solicitors

Pacific House

70 Wellington Street

Glasgow

G2 6SB

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 8 December 2025 and signed on its behalf by:

P D De Moncey Conegliano - Secretary

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

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.

Marguerite Roos B. Acc CA

The Institute of Chartered Accountants of Scotland

Galbraith Pritchards

20 Barns Street

Ayr

Ayrshire

KA7 1XA

8 December 2025

31/3/25

31/3/24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

642

841

Investment income

2

969

912

Total

1,611

1,753

EXPENDITURE ON

Charitable activities

3

Support

825

754

NET INCOME

786

999

RECONCILIATION OF FUNDS

Total funds brought forward

29,034

28,035

TOTAL FUNDS CARRIED FORWARD

29,820

29,034

31/3/25

31/3/24

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Debtors

7

5

5

Cash at bank

30,415

29,629

30,420

29,634

CREDITORS

Amounts falling due within one year

8

(600

)

(600

)

NET CURRENT ASSETS

29,820

29,034

TOTAL ASSETS LESS CURRENT LIABILITIES

29,820

29,034

NET ASSETS

29,820

29,034

FUNDS

9

Unrestricted funds

29,820

29,034

TOTAL FUNDS

29,820

29,034

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 8 December 2025 and were signed on its behalf by:

P D De Moncey Conegliano - Trustee

W Mooney - 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.

The Trustees consider that there are no material uncertainties about the company's ability to continue as a going concern.

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.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TAXATION

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

FUND ACCOUNTING

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

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

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

FINANCIAL INSTRUMENTS

The company 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.

2.	INVESTMENT INCOME

31/3/25

31/3/24

£

£

Deposit account interest

969

912

3.	CHARITABLE ACTIVITIES COSTS

Support

costs (see

note 4)

£

Support

825

4.	SUPPORT COSTS

Governance

Management

costs

Totals

£

£

£

Support

191

634

825

Governance costs represents the remuneration paid to the independent examiner.

5.	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.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

841

Investment income

912

Total

1,753

EXPENDITURE ON

Charitable activities

Support

754

NET INCOME

999

RECONCILIATION OF FUNDS

Total funds brought forward

28,035

TOTAL FUNDS CARRIED FORWARD

29,034

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

5

5

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Accrued expenses

600

600

9.	MOVEMENT IN FUNDS

Net

movement

At

At 1/4/24

in funds

31/3/25

£

£

£

Unrestricted funds

General fund

29,034

786

29,820

TOTAL FUNDS

29,034

786

29,820

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

1,611

(825

)

786

TOTAL FUNDS

1,611

(825

)

786

Comparatives for movement in funds

Net

movement

At

At 1/4/23

in funds

31/3/24

£

£

£

Unrestricted funds

General fund

28,035

999

29,034

TOTAL FUNDS

28,035

999

29,034

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

1,753

(754

)

999

TOTAL FUNDS

1,753

(754

)

999

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1/4/23

in funds

31/3/25

£

£

£

Unrestricted funds

General fund

28,035

1,785

29,820

TOTAL FUNDS

28,035

1,785

29,820

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

3,364

(1,579

)

1,785

TOTAL FUNDS

3,364

(1,579

)

1,785

10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.