Charity Registration No. SC029154 (Scotland)
Company Registration No. SC197229 (Scotland)
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr David Lyon
Mr Malcolm Sinclair
Mrs Mary Turner
Mr James Lynch
Secretary
Mr Graham Love
Charity number (Scotland)
SC029154
Company number
SC197229
Principal address
c/o Argyll & Bute Council
Kilmory
Lochgilphead
ARGYLL
PA31 8RT
Registered office
c/o Argyll & Bute Council
Kilmory
Lochgilphead
ARGYLL
PA31 8RT
Independent examiner
Iain D C Webster CA
The Old Surgery
School Road
Tarbert
Argyll
PA29 6UL
Bankers
The Co-operative Bank
www.co-operativebank.co.uk
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
CONTENTS
Page
Trustees' report
1 - 7
Independent examiner's report
8
Statement of financial activities
9 - 10
Statement of financial position
11
Notes to the financial statements
12 - 24
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
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 Articles of Association, 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) (effective 1 January 2019)".

Objectives and activities

The charity's objects are:

 

1. Fostering, encouraging and supporting local community involvement and participation in a range of sustainable, reuse and environmental projects across Argyll and Bute.

 

2. The promotion of community education, beach cleaning and marine issues through continuing delivery of The Beaches and Marine Litter Project.

 

3. To support the ‘Reduce, Reuse, Recycle’ agenda; promoting waste reduction, consumer choice and increased levels of re-use across a wide range of domestic goods in order to achieve the desired outcomes of reductions in landfill and a Zero Waste society. Developing sustainable reuse facilities including the Lorn and Oban Reuse Initiative.

 

4. Delivery of community clean-ups including but not limited to coastal areas.

 

5. To embrace wider environmental issues such as climate change which complement the activities as stated.

 

6. The organisation shall have the power to do all things necessary for the fulfilment of its objects.

 

Public benefit

The trustees have paid due regard to guidance issued by the Office of the Scottish Charity Regulator in deciding what activities the charity should undertake.

Volunteers

The charity acknowledges the support of various volunteers who continue to assist in the delivery of reuse and repair of furniture and Beach clean ups throughout Argyll.

GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Achievements and performance
Significant activities and achievements against objectives

Achievements since 2023-24 Annual report;

 

 

Short Term Aims are:

 

 

Long Term Aims are:

 

Financial review

Aside from the income generated by the Reuse shop, the principal funding sources for the charity are currently by way of grants from a variety of sources and ‘in-kind’ support from Argyll and Bute Council.

 

The charity plans to continue the activities outlined in this report in the forthcoming years subject to satisfactory funding arrangements.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

Unrestricted funds totalling £200,689 (2024: £293,104) were available to the Trust as at the year end. A portion of the unrestricted reserves is to be allocated to future project work including capital expenditure in 2025/26. In 2023/24 The Trustees agreed to set aside funds of £120,000 to a designated fund to support future capital renewals projects at LORI. This agreement is carried forward into 2025/26. The Trustees continue to explore avenues of support in order to continue to have funds available for unrestricted purposes for the Trust.

 

Principal funding sources

Funding

During 2024-25 GRAB Managed three main projects: The Beaches & Marine Litter Project, The Lorn & Oban Reuse Initiative (LORI) and skills sharing forum ReMake Argyll.

 

The Beaches and Marine Litter Project facilitates community beach cleans and provides teaching resources and community education to reduce litter, working particularly closely with local schools.

 

Lorn & Oban Reuse Initiative - a social enterprise helping individuals and households to reduce, reuse and recycle, by collecting and selling items of furniture that they no longer use. We have a reuse shop, based in a local recycling centre.

 

ReMake Argyll is our skills sharing reuse forum, where skilled volunteers deliver workshops on reuse skills to communities across the region.

 

Major risks

 

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

It is the policy of the Board to minimise exposure by ensuring that the value of creditors does not exceed the value of debtors and funds at call or short notice. It is usual practice to ensure that funds in hand /overdraft limit are sufficient to pay the following 3 months payroll, Tax and National Insurance and Direct Debit Payments.

 

The Directors have examined the major strategic, business and operational risks, which the charity faces and have implemented a risk management strategy, which comprises:

 

 

As part of the Risk Review the Aims & Objectives of the charity are reviewed annually as part of the Chair’s annual report.

Structure, governance and management

The charity is a company limited by guarantee having no share capital.

GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

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:

Mr David Lyon
Mr Malcolm Sinclair
Mrs Mary Turner
Mr James Lynch
Recruitment and appointment of trustees

Trustees follow the guidance available from Government (https://www.gov.uk/government/publications/finding-new-trustees-cc30/finding-new-trustees) for appointing new trustees to the board

 

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

There is a core group of Trustee's who are responsible for the core running of the Charity which is supported by a number of paid staff and a voluntary group of members who carry out duties on behalf of the Charity.

Induction and training of trustees

The GRAB Trust continues to attend conferences and training events, encouraging the staff to actively seek and partake in relevant training.

 

Supported National Campaigns, include Keep Scotland Beautiful, Keep Britain Tidy, Great British Spring Clean, Plastic Free July, Marine Conservation Society, Great British Beach Clean and Litter Quest, Environmenstrual Week, European Waste Reduction Week, Unblocktober.

Relationship with wider network

Commitments to community groups and networks

 

Circular Communities Scotland

This is a membership organisation that offers information and support for local community resource groups.

 

The GRAB Trust continues to work in partnership with national and local groups that include: the Marine Conservation Society, Marine Scotland, Surfers Against Sewage, Zero Waste Scotland, Keep Scotland Beautiful, Keep Britain Tidy, Argyll and Bute Council, Loch Lomond and the Trossachs National Park, Luss Estates, Darwin200, City To Sea, Sea Changers, Heriot Watt University, York University, The University of Glasgow, British Science Association, SAMS, ACT, ABCAN, Argyll Outdoor and Woodland Learning (OWL), STEM Scotland, St Connans Kirk (Oban) and Christ Church (Lochgilphead) and Live Argyll. Industry partners included Cheeky and Hey Girls for the reusable period product project and ecoffee cup for Waste-free Takeaway study.

 

GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
Public Awareness

The GRAB team continue to promote The GRAB Trust, and its activities and services. The Trust is active within local communities including presentations to schools, community beach cleans and presentations to community and special interest groups.

 

BEACHES & MARINE LITTER PROJECT Activities

Outputs & Activities achieved in 2024-25

 

School outdoor workshops and beach cleans: 84 events

 

Community events: 21

The Trust supported communities across Argyll and Bute from attendance at Charity days to activities with youth organisations, health & wellbeing forums and community action on Climate Change. Among the groups supported were:

 

Plastic Free Helensburgh.

Argyll Wellbeing Hub

Oban Climate Café

Dunoon Community Development Trust.

Association of Self-Catering Accommodation Providers

Inner Wheel Dunoon

Cairndow community

Enable Helensburgh

Time for Change Argyll.

 

Litter Pick Stats:

71 clean up events Covering 33km

744 bags of litter were collected weighing approx. 3 tonnes (2967kg)

718 under 18 year olds participated

349 adults participated

15 Litter Grant awards totalling £2,093.25

 

 

Other projects:

 

Upstream Battle

 

 

Reusable Cup Trial Capacity Building Grant

 

GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -

Arrochar Survey - The Arrochar Litter Sink

 

 

BSA Community Leaders

 

 

ReMake Argyll

 

 

LORN & OBAN REUSE INITIATIVE Activities

 

Outcomes and Activities achieved in 2024-25:

Streams diverted (inc. Furniture, Household and Leisure) - 11

Tonnage Diverted from Landfill – 66.4

Customers supported (number of transactions) – 9911

Facebook followers 5,673

Number of jobs sustained - 4 Number of volunteers – 8

 

 

GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
Publicity
Newsletter: The Flotsam and Jetsam (Beaches and Marine Litter Project), provides an updated bulletin of activity and any issues arising with respect to Marine litter.
Subscribers: 320
Social Media & website: Website update bi-annually, Facebook utilised to advertise furniture, events and update on any changes in service and provide relevant useful or interesting information to the audience.  A GRAB BMLP YouTube channel has also been established to provide continuous access to videos that include information, activities and workshop support for teachers.
BMLP Facebook Page Reach: 36,000
BMLP Instagram Page Reach: 1,173
LORI Facebook Page Reach:  52,694
ReMake Argyll Facebook Page Reach: 26,700
YouTube channel content views: 945

The trustees' report was approved by the Board of Trustees.

Mr Malcolm Sinclair
Trustee
23 December 2025
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
- 8 -

I report on the financial statements of the charity for the year ended 31 March 2025, which are set out on pages 9 to 24.

Respective responsibilities of trustees and examiner

The charity trustees (who are also the directors of Group For Recycling In Argyll And Bute Trust Limited 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 Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.The charity trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 does not apply.

It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 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 the course of my examination, no matter has come to my attention

 

1. which gives me reasonable cause to believe that in any material respect the requirements:

have not been met, or

 

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

Iain D C Webster
The Old Surgery
School Road
Tarbert
Argyll
PA29 6UL
23 December 2025
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
Unrestricted
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
funds
general
Future LORI capital projects
general
2025
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
£
Income from:
Donations and legacies
3
29,924
-
-
29,924
43,694
-
43,694
Charitable activities
4
123,257
-
111,918
235,175
111,502
183,116
294,618
Total income
153,181
-
111,918
265,099
155,196
183,116
338,312
Expenditure on:
Charitable activities
5
125,596
-
142,298
267,894
39,728
191,148
230,876
Total expenditure
125,596
-
142,298
267,894
39,728
191,148
230,876
Net income/(expenditure)
27,585
-
(30,380)
(2,795)
115,468
(8,032)
107,436
Transfers between funds
12
(120,000)
120,000
-
-
(2,432)
2,432
-
Net movement in funds
8
(92,415)
120,000
(30,380)
(2,795)
113,036
(5,600)
107,436
Reconciliation of funds:
Fund balances at 1 April 2024
293,104
-
86,421
379,525
180,068
92,021
272,089
Fund balances at 31 March 2025
200,689
120,000
56,041
376,730
293,104
86,421
379,525

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

GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Property, plant and equipment
13
2,210
2,600
Current assets
Trade and other receivables
14
22,005
7,500
Cash at bank and in hand
386,053
393,638
408,058
401,138
Current liabilities
16
(33,538)
(24,213)
Net current assets
374,520
376,925
Total assets less current liabilities
376,730
379,525
The funds of the charity
Restricted income funds
18
56,041
86,421
Unrestricted funds - general
20
200,689
293,104
Unrestricted funds - Future LORI capital projects
19
120,000
-
376,730
379,525

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 23 December 2025
Mr Malcolm Sinclair
Trustee
Company registration number SC197229 (Scotland)
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
1
Accounting policies
Charity information

Group For Recycling In Argyll And Bute Trust Limited is a private company limited by guarantee incorporated in Scotland. The registered office is c/o Argyll & Bute Council, Kilmory, Lochgilphead, ARGYLL, PA31 8RT.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Articles of Association, 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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is all considered as expenditure on charitable activities and includes the cost of running the Charity as well as grants. Grants payable are charged in the year when the offer is conveyed and a valid expectation created with the recipient that the grant will be paid. Any grants awarded and not claimed are recognised as refunds in the year they are not claimed. All costs are inclusive of irrecoverable VAT.

1.6
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -

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:

Computers and IT equipment
15% reducing balance

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
Impairment of non-current assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
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.

1.9
Financial instruments

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

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are 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 trade and other receivables 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, where the 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.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations 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. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
1.10
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.

1.11
Retirement benefits

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

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
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
26,024
28,020
Grants
3,900
15,674
29,924
43,694
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
4
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
LORI
Sale of goods
123,257
-
123,257
111,502
-
111,502
Performance related grants
-
8,000
8,000
-
71,000
71,000
BMLP
Performance related grants
-
90,918
90,918
-
86,825
86,825
Jubilee
Performance related grants
-
-
-
-
25,291
25,291
Remake
Performance related grants
-
13,000
13,000
-
-
-
123,257
111,918
235,175
111,502
183,116
294,618
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
5
Charitable activities

LORI

BMLP

Staycation

Adapt and Thrive

ReMake

Total
2025
Total
2024
2025
2025
2025
2025
2025
£
£
£
£
£
£
£
Staff costs
98,111
75,288
-
2,387
25,992
201,778
150,686
Depreciation and impairment
390
-
-
-
-
390
459

Travel & subsistence

128
131
-
-
174
433
1,039

Training & development

-
-
-
-
-
-
440

Subscription & conferences

35
75
-
-
-
110
473

Advertising

-
1,254
-
-
-
1,254
5,108

Postage and office costs

248
3
-
-
-
251
1,947

Sub-contractors

5,128
-
-
-
-
5,128
3,726

Repairs and maintenance

364
-
-
-
10
374
5,982

Project materials

1,463
1,766
-
-
1,175
4,404
9,832

Bank and similar charges

1,705
-
-
-
-
1,705
822

Room hire

-
-
-
-
1,041
1,041
336

Volunteer costs

-
-
-
-
313
313
822

Consultancy fees

-
-
-
7,118
-
7,118
2,323

Motor running costs.

630
-
-
-
-
630
607

Leasing costs

7,204
-
-
-
-
7,204
9,538
115,406
78,517
-
9,505
28,705
232,133
194,140
Grant funding of activities (see note 6)
-
985
1,108
-
-
2,093
2,302
Share of support costs (see note 7)
10,130
10,783
-
-
9,851
30,764
31,428
Share of governance costs (see note 7)
968
968
-
-
968
2,904
3,006
126,504
91,253
1,108
9,505
39,524
267,894
230,876
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Charitable activities
(Continued)
- 17 -
Analysis by fund
Unrestricted funds - general
118,087
985
-
-
6,524
125,596
39,728
Restricted funds
8,417
90,268
1,108
9,505
33,000
142,298
191,148
126,504
91,253
1,108
9,505
39,524
267,894
230,876
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Charitable activities
(Continued)
- 18 -
For the year ended 31 March 2024

LORI

BMLP

Staycation

Adapt and Thrive

Jubilee project

Total
2024
£
£
£
£
£
£
Staff costs
61,062
68,267
-
41
21,316
150,686
Depreciation and impairment
459
-
-
-
-
459

Travel & subsistence

747
-
-
292
-
1,039

Training & development

160
280
-
-
-
440

Subscription & conferences

165
-
-
-
308
473

Advertising

5,072
36
-
-
-
5,108

Postage and office costs

525
1,328
-
-
94
1,947

Sub-contractors

3,705
-
-
-
21
3,726

Repairs and maintenance

6,141
(230)
-
-
71
5,982

Project materials

2,058
5,390
-
-
2,384
9,832

Bank and similar charges

822
-
-
-
-
822

Room hire

-
-
-
-
336
336

Volunteer costs

-
-
-
-
822
822

Consultancy fees

-
331
-
1,992
-
2,323

Motor running costs.

607
-
-
-
-
607

Leasing costs

9,538
-
-
-
-
9,538
91,061
75,402
-
2,325
25,352
194,140
Grant funding of activities (see note 6)
-
-
2,302
-
-
2,302
Share of support costs (see note 7)
10,478
10,475
-
-
10,475
31,428
Share of governance costs (see note 7)
1,002
1,002
-
-
1,002
3,006
102,541
86,879
2,302
2,325
36,829
230,876
Analysis by fund
Unrestricted funds - general
19,608
10,475
-
-
9,645
39,728
Restricted funds
82,933
76,404
2,302
2,325
27,184
191,148
102,541
86,879
2,302
2,325
36,829
230,876
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
6
Grants payable
BMLP
Staycation
Total
Staycation
2025
2025
2025
2024
£
£
£
£
Grants to institutions:
Minard Community Trust
250
-
250
250
Tayvallich Primary Parent Council
-
-
-
250
Craignish Primary School
-
-
-
160
-
-
-
500
Keep Oban Beautiful
-
-
-
250
Lochgilphead PTA
125
-
125
166
Argyll Wellbeing Hub
150
-
150
75
Other grants
323
1,108
1,431
-
Isle of Seil Rowing
137
-
137
-
Other
-
-
-
651
985
1,108
2,093
2,302
-
7
Support costs allocated to activities
2025
2024
£
£
-
1,087
Council photocopying
925
-
Postage
167
356
Telephone
78
27
Insurance
2,810
2,678
Consultancy fees
23,040
23,040
Staff travel
3,744
4,240
Governance costs
2,904
3,006
33,668
34,434
Analysed between:
LORI
11,098
11,480
BMLP
11,751
11,477
Jubilee
-
11,477
ReMake
10,819
-
33,668
34,434

Support and Governance costs includes payments to the Independent Examiners of £2,904 (2024: £3,006) for the independent examination of the accounts (£1,596) and other accounting services (£1,308)

GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 20 -
8
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
-
-
Depreciation of owned property, plant and equipment
390
459
9
Trustees

None of the Trustee's (or any persons connected with them) received any remuneration during the year (2024- none).

10
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
9
8
Employment costs
2025
2024
£
£
Wages and salaries
183,308
139,024
Social security costs
13,014
6,951
Other pension costs
5,456
4,711
201,778
150,686
There were no employees whose annual remuneration was more than £60,000.
11
Taxation

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

12
Transfers

A total of £120,000 of unrestricted funds was allocated as designated funds to fund future capital renewals projects at LORI.

GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
13
Property, plant and equipment
Computers and IT equipment
£
Cost
At 1 April 2024
3,059
At 31 March 2025
3,059
Depreciation and impairment
At 1 April 2024
459
Depreciation charged in the year
390
At 31 March 2025
849
Carrying amount
At 31 March 2025
2,210
At 31 March 2024
2,600
14
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Other receivables
22,005
7,500
15
Borrowings
2025
2024
£
£
Bank overdrafts
30,826
21,477
Payable within one year
30,826
21,477

The borrowings figure of £30,826 (2024 - £21,477) represents funds owed to Argyll and Bute Council who run the payroll on behalf of the Trust along with payment of miscellaneous expenses throughout the year. This balance is offset against monthly income generated from the LORI project which is transferred back to the Council to cover costs on a monthly basis.

16
Current liabilities
2025
2024
Notes
£
£
Bank overdrafts
15
30,826
21,477
Accruals and deferred income
2,712
2,736
33,538
24,213
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
17
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
5,456
4,711

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.

18
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
Transfers
At 31 March 2025
£
£
£
£
£
National Lottery Awards for All - ReMake
20,000
-
(20,000)
-
-
Others - BMLP
1,000
-
(1,000)
-
-
Others - LORI
4,354
-
(390)
-
3,964
A&B Council - Staycation
1,108
-
(1,108)
-
-
Screwfix Foundation
2,973
-
-
-
2,973
Adapt and Thrive
56,959
-
(9,506)
-
47,453
People's Postcode Lottery
27
-
(27)
-
-
Campbeltown Common Good Fund (ReMake)
-
1,500
(1,500)
-
-
Oban Common Good Fund (ReMake)
-
3,000
(3,000)
-
-
WO Street Charitable Foundation (ReMake)
-
3,000
(3,000)
-
-
Hugh Fraser (LORI)
-
3,000
(3,000)
-
-
Garfield Weston
-
15,000
(15,000)
-
-
EB Scotland (BMLP)
-
31,125
(31,125)
-
-
Calisen Impact Charitable Trust (BMLP)
-
1,000
(1,000)
-
-
HX Foundation (BMLP)
-
8,076
(8,076)
-
-
Jones Family Trust (BMLP)
-
3,000
(3,000)
-
-
Marine Scotland (BMLP)
-
40,317
(40,317)
-
-
Nineveh Trust (BMLP)
-
2,000
(349)
-
1,651
Warburtons Community Trust (BMLP)
-
400
(400)
-
-
ACHA (ReMake)
-
500
(500)
-
-
86,421
111,918
(142,298)
-
56,041
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18
Restricted funds
(Continued)
- 23 -
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
E B Scotland Ltd - Beach Clean
-
27,375
(29,723)
2,348
-
National Lottery Awards for All
-
20,000
-
-
20,000
Others - BMLP
-
34,950
(33,950)
-
1,000
Others - LORI
-
71,000
(66,646)
-
4,354
Argyll & Bute Council - Staycation
3,410
-
(2,302)
-
1,108
Oban Common Good Fund
952
-
(952)
-
-
Screwfix Foundation
4,346
-
(1,373)
-
2,973
Adapt and Thrive
56,959
-
-
-
56,959
BSA British Science
232
3,000
(3,232)
-
-
The Russell Trust
2,000
1,500
(3,500)
-
-
HD Wills
2,000
-
(2,000)
-
-
Kilpatrick Fraser Charitable Trust
4,000
-
(4,000)
-
-
People's Postcode Lottery (LORI)
11,315
-
(11,288)
-
27
The Stafford Trust (LORI)
5,000
-
(5,000)
-
-
National Lottery Fund - Jubilee Fund
1,807
25,291
(27,182)
84
-
92,021
183,116
(191,148)
2,432
86,421

 

19
Unrestricted funds - Future LORI capital projects

These are unrestricted funds which are material to the charity's activities.

At 1 April 2024
Transfers
At 31 March 2025
£
£
£
Future LORI capital projects
-
120,000
120,000
GROUP FOR RECYCLING IN ARGYLL AND BUTE TRUST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 24 -
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
£
£
£
£
£
General funds
293,104
153,181
(125,596)
(120,000)
200,689
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
General funds
180,068
155,196
(39,728)
(2,432)
293,104
21
Analysis of net assets between funds
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
Future LORI capital projects
2025
2025
2025
2025
£
£
£
£
At 31 March 2025:
Property, plant and equipment
-
-
2,210
2,210
Current assets/(liabilities)
200,689
120,000
53,831
374,520
200,689
120,000
56,041
376,730
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
Future LORI capital projects
2024
2024
2024
2024
£
£
£
£
At 31 March 2024:
Property, plant and equipment
-
-
2,600
2,600
Current assets/(liabilities)
293,104
-
83,821
376,925
293,104
-
86,421
379,525
22
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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