REGISTERED COMPANY NUMBER: SC293982 (Scotland)

REGISTERED CHARITY NUMBER: SC018185

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MUIRSHIEL RESOURCE CENTRE

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

16

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

The charity's objects as set out in its memorandum and articles of association are:

(1) To provide relief to people who are in need because of age, mental or physical disability or illness or poverty, and in particular (but without prejudice to that generality) to provide and assist in the provision of an Elderly and Disabled Resource Centre serving the needs of such people.

(2) To promote, conduct and/or support other charitable projects and initiatives of a charitable nature for the benefit of the community.

Significant activities

This year saw continued investment in the sustainability and safety of our service. A major focus was the refurbishment of the downstairs level of the building, ensuring full compliance with statutory fire safety regulations.

This work represents a significant financial commitment and a vital step in safeguarding both staff and service users.

The organisation operates through two distinct aims: the provision of Building Based Day Care and the delivery of a Home Maintenance service. While both fall withing the scope of our charitable status, they are managed and delivered as separate operational strands. The appendix to our audited accounts outlines the financial performance of each service. Both generate income from those accessing support, with the Home Maintenance service notably recovering approximately one third of its operating budget through service charges.

The organisation continues to take a proactive and considered approach to planning, resource management and service delivery - ensuring maximum benefit to our service users while maintaining our commitment to a skilled and supported staff team.

Financial reserves have been established to safeguard the organisation against adverse market conditions and to ensure that potential liabilities including staffing costs, can be met. Ongoing investment in building infrastructure and equipment remains essential to delivering a safe, high-quality service.

Inflationary pressures - particularly in relation to energy and staffing costs - have presented challenges. Maintaining competitive wages is critical to retaining a skilled workforce in an increasingly competitive social care labour market.

Ongoing support from Inverclyde Health and Social Care Partnership (HSCP) and Scottish Government remained crucial, enabling both the Day Centre and Home Maintenance service to continue operating effectively and meet growing demand.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Both the Board and staff team have continued to respond with resilience, creativity and compassion to the evolving Health and Social Care landscape. The sector remains marked by instability and the need for adaptability has never been greater. Occupancy - and therefore earned income - have remained below expectations, with fluctuations in place numbers continuing to present a significant challenge. This ongoing uncertainty brings an element of risk to the organisation, which the board monitors closely.

Despite these pressures, our commitment to collaboration remains steadfast. We continue to work constructively with Inverclyde Health and Social Care Partnership (HSCP) to secure and sustain high quality provision across both of our services. Our shared goal is to ensure that the support we offer remains responsive, person centre and rooted in community need.

Looking ahead, our board of directors is actively engaged in forward planning, exploring opportunities for development and diversification. We remain focused on the needs of service users and carers across Inverclyde East - particularly in light of demographic shifts and the increasing demand for social and therapeutic support. With an ageing population and a growing emphasis on enabling people to live well within their communities, our services are more vital than ever.

In 2024/ 2025, we began strengthening our foundations - connecting with other providers in Inverclyde, identifying needs and outcomes, and exploring ways to optimise how we work. Alongside inclusive events and creative partnerships, we've started shaping a service improvement plan that reflects both community priorities and internal growth. We're also working to ensure a more supportive environment for staff, recognising that a well-supported team is key to delivering meaningful, people-powered change.

As we move forward, we do so with a clear purpose - to be a lifeline for those who need us, a trusted partner in care, and a hub of kindness and connection to Inverclyde.

FINANCIAL REVIEW

Financial position

Prudent financial planning and operational management continue to underpin the organisations stability. In 2024/ 2025, we invested in upgrading the downstairs area of the Muirshiel Centre.

Transport remains a key priority - maintaining our vehicles is essential to ensuring that people can access our services safely and reliably, particularly those who face barriers to mobility or isolation. It's a direct connection to the community, and one we take seriously.

The wider social care sector continues to face instability and unpredictability. Day care services are not immune to these challenges. Reduced occupancy, variable referral patterns, and rising operational costs are contributing to financial uncertainty, particularly given the fixed nature of many overheads. We are monitoring these trends closely and maintaining a cautious approach to planning.

Parts of our premises are now over 60 years old, with limited investment over the past two decades. Potential liabilities arising from the condition of the building remain a concern, and we are actively taking steps to mitigate risk and ensure long-term sustainability. As we look to the future of the Muirshiel Centre, we remain open to further investment - balancing immediate needs with strategic planning to protect the organisations wellbeing and its vital role in the community.

Despite the challenges faced by the charity, we have still been able to generate a surplus of £1,409 for the year (2024-£48,837).

Principal funding sources

The charity's principal sources of income in 2024/ 2025 were generated through contracts with Inverclyde Health and Social Care Partnership (HSCP), which continue to underpin the delivery of our core services. In addition, service users contributed approximately £33,000 across both services, reflecting the value placed on the support we provide.

Reserves policy

The trustees have organisational reserve requirements in light of key risks and operational priorities. This includes considerations of the need for both restricted and unrestricted funds, the appropriate level of reserves, and the steps requires to establish and maintain them.

The board of directors recognises that maintaining a healthy level of reserves is essential to ensuring the organisations financial stability. The shift to formal contracting arrangements with Inverclyde Health and Social Care Partnership (HSCP) has introduced new pressures and expectations, requiring us to invest in measures that strengthen our resilience in an increasingly volatile marketplace.

Over recent years, financial uncertainty and risk have grown significantly, driver by wider instability in the social care sector and substantial changes which have been introduced. In response, the organisation continues to monitor its financial position closely and plan strategically to safeguard its future and maintain the continuity for those who rely on us.

At the year end, the charity has total reserves of £271,116, all of which are Restricted Funds (2024 - £269,706).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

Trustees are appointed at the discretion of the Board, in accordance with the organisations governing document and following consideration of the skills, experience, and diversity required to strengthen the Board's effectiveness.

Organisational structure

The Board of Trustees meets monthly and holds overall responsibility for the strategic direction, governance and financial oversight of the charity. Trustees work collectively to ensure that the charity's activities align with its stated aims and values, and that all operations are conducted in accordance with legal and regulatory requirements.

Induction and training of new trustees

All new Board members are inducted by the trustees of the charity. The chairperson of the board of trustees meet with new trustees to outline the code of governance.

Related parties

The company is a stand-alone charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC293982 (Scotland)

Registered Charity number

SC018185

Registered office

Block 8

Port Glasgow Industrial Estate

Muirshiel Road

Port Glasgow

Renfrewshire

PA14 5XS

Trustees

Charles McLachlan Retired teacher (resigned 3.4.24)

Anne Price Retired - Chairperson

John Hutchison Retired (resigned 16.12.24)

James McLaughlan Retired

Sally Vize Trustee

Terrance Kennedy Director (appointed 16.12.24)

Independent Examiner

Thomas Barrie & Co LLP

Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

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 10 October 2025 and signed on its behalf by:

Anne Price - Trustee

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

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.

Martin Greig BA CA

The Institute of Chartered Accountants of Scotland

Thomas Barrie & Co LLP

Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

5 November 2025

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

-

467

467

845

Charitable activities

3

Home maintenance project

-

53,828

53,828

43,210

Resource Centre project

-

316,765

316,765

309,897

Other income

-

5,196

5,196

5,196

Total

-

376,256

376,256

359,148

EXPENDITURE ON

Charitable activities

4

Home maintenance project

-

54,161

54,161

37,382

Resource Centre project

-

320,686

320,686

272,928

Total

-

374,847

374,847

310,310

NET INCOME

-

1,409

1,409

48,838

RECONCILIATION OF FUNDS

Total funds brought forward

-

269,707

269,707

220,869

TOTAL FUNDS CARRIED FORWARD

-

271,116

271,116

269,707

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

11

-

25,597

25,597

32,458

CURRENT ASSETS

Debtors

12

-

54,478

54,478

24,505

Cash at bank and in hand

-

198,435

198,435

219,416

-

252,913

252,913

243,921

CREDITORS

Amounts falling due within one year

13

-

(7,394

)

(7,394

)

(6,672

)

NET CURRENT ASSETS

-

245,519

245,519

237,249

TOTAL ASSETS LESS CURRENT LIABILITIES

-

271,116

271,116

269,707

NET ASSETS

-

271,116

271,116

269,707

FUNDS

14

Restricted funds

271,116

269,707

TOTAL FUNDS

271,116

269,707

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 10 October 2025 and were signed on its behalf by:

Anne Price - 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 presentational and functional currency of the financial statements is Pounds Sterling (£).

Going Concern

After reviewing the charity's forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Critical accounting judgements and key sources of estimation uncertainty

In preparing these financial statements, the trustees are required to make judgements, estimates and assumptions that affect the application of the Charity's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates included in these accounts

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

Donations are recognised on receipt. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until those conditions are fully met.

Grants

Grants are recognised when the charity has been notified in writing of both the amount and settlement date. Grants are deferred if terms or conditions must be met before the charity has entitlement to the resources

Services

Income from services is recognised when delivered.

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.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

The carrying values of tangible fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying values may not be recoverable.

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.

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.

Financial instruments

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprises cash balances.

Creditors

Short term trade creditors are measured at the transaction price.

Provisions

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

Short-term employee benefits

Short-term employee benefits are expensed as the related service is provided. A liability is recognised for the amount expected to be paid if the company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably if material.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

467

845

3.	INCOME FROM CHARITABLE ACTIVITIES

2025

2024

Activity

£

£

Service user contributions

Home maintenance project

13,828

10,509

Inverclyde Council - HM grant

Home maintenance project

40,000

32,701

Service user contributions

Resource Centre project

22,008

13,472

Health & Social Care Partnership

Resource Centre project

294,757

296,425

370,593

353,107

4.	CHARITABLE ACTIVITIES COSTS

Direct

Support

Costs (see

costs (see

note 5)

note 6)

Totals

£

£

£

Home maintenance project

48,298

5,863

54,161

Resource Centre project

316,347

4,339

320,686

364,645

10,202

374,847

5.	DIRECT COSTS OF CHARITABLE ACTIVITIES

2025

2024

£

£

Staff costs

261,354

225,747

Insurance

10,291

8,892

Light and heat

6,916

8,735

Telephone

1,270

1,234

Postage and stationery

1,286

854

Advertising & publicity

380

-

Sundries

1,123

514

Training costs

2,081

282

Disclosure Scotland

59

59

Cleaning

4,322

2,308

Repairs and maintenance

27,025

8,967

Protective clothing

464

500

Subscriptions and memberships

16

276

Materials/tools/fuel

851

1,778

Volunteers expenses

500

500

Transport costs

21,025

14,009

Care Commission fees

1,791

1,711

Catering costs

12,299

11,026

Depreciation

11,592

13,161

364,645

300,553

6.	SUPPORT COSTS

Governance

costs

£

Home maintenance project

5,863

Resource Centre project

4,339

10,202

7.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

11,594

13,160

8.	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.

9.	STAFF COSTS

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

2025

2024

Resource project

8

10

Home maintenance project

2

2

10

12

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

The charity considers its key management personnel to be the Trustees, none of whom receive any form of remuneration for their services.

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

-

845

845

Charitable activities

Home maintenance project

-

43,210

43,210

Resource Centre project

-

309,897

309,897

Other income

-

5,196

5,196

Total

-

359,148

359,148

EXPENDITURE ON

Charitable activities

Home maintenance project

-

37,382

37,382

Resource Centre project

-

272,928

272,928

Total

-

310,310

310,310

NET INCOME

-

48,838

48,838

RECONCILIATION OF FUNDS

Total funds brought forward

-

220,869

220,869

TOTAL FUNDS CARRIED FORWARD

-

269,707

269,707

11.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

1,177

62,677

11,995

75,849

Additions

-

-

4,733

4,733

At 31 March 2025

1,177

62,677

16,728

80,582

DEPRECIATION

At 1 April 2024

663

36,235

6,493

43,391

Charge for year

389

6,611

4,594

11,594

At 31 March 2025

1,052

42,846

11,087

54,985

NET BOOK VALUE

At 31 March 2025

125

19,831

5,641

25,597

At 31 March 2024

514

26,442

5,502

32,458

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

51,542

22,051

Prepayments

2,936

2,454

54,478

24,505

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Social security and other taxes

4,467

3,922

Accrued expenses

2,927

2,750

7,394

6,672

14.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.25

£

£

£

£

Restricted funds

Resource Centre Fund

235,536

(2,888

)

4,222

236,870

Home Maintenance Fund

34,171

4,297

(4,222

)

34,246

269,707

1,409

-

271,116

TOTAL FUNDS

269,707

1,409

-

271,116

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Restricted funds

Resource Centre Fund

322,391

(325,279

)

(2,888

)

Home Maintenance Fund

53,865

(49,568

)

4,297

376,256

(374,847

)

1,409

TOTAL FUNDS

376,256

(374,847

)

1,409

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.4.23

in funds

funds

31.3.24

£

£

£

£

Restricted funds

Resource Centre Fund

191,712

43,010

5,931

240,653

Home Maintenance Fund

29,157

5,828

(5,931

)

29,054

220,869

48,838

-

269,707

TOTAL FUNDS

220,869

48,838

-

269,707

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Restricted funds

Resource Centre Fund

315,938

(272,928

)

43,010

Home Maintenance Fund

43,210

(37,382

)

5,828

359,148

(310,310

)

48,838

TOTAL FUNDS

359,148

(310,310

)

48,838

PURPOSE OF FUNDS

Restricted

Resource Centre Fund - In recent years Muirshiel Resource centre has moved from restricted grant funding to earned income. However Muirshiel Resource Centre as a register charity is restricted in how funds are used. All charities must use their funds and assets only in furtherance of their charity's purposes. In terms of Muirshiel centre our charitable objectives are specified in the organisations memo and articles. These state : The company's objects are 1) to provide relief to people who are in need because of age, mental or physical disability or illness or poverty, and in particular (but without prejudice to that generality) to provide and assist in the provision of an elderly and disabled resource centre servicing the needs of such people. 2) Additionally to promote, conduct and or support other charitable projects and initiatives of a charitable nature for the benefit of the community.

The organisation is committed to maintaining reserves in order to average out longer-term maintenance and replacement costs of the charity's assets, including the specially converted minibus and Home Maintenance Van, IT equipment and premises. Premises in particular are in need of investment / refurbishment. Half the centre in accommodation that is around 60 years old and having little investment over the last 20 years. In addition the Social Care market in which the organisation operates within is increasingly volatile and future income and potentially liabilities are more difficult to define. Maintaining sufficient reserves safeguards the organisations sustainability / viability and potential liabilities in an unstable market.