Continuing in the role of Chairperson I am happy to report that Coronation Centre is constantly making positive strides, not only to the increasing number of members but also to the wider community in general. This is happening thanks to our manager and staff who are constantly working on new ideas to fundraise and promote what our Centre has to offer, this is very often done unpaid in their own time.
Staff training continues to be kept up to date, Kitchen staff and bus driver have all done recent training.
Financial matters are always a struggle, rejections from funding applications are extremely high due to the numbers of charities making applications to the same funders. With so many cutbacks most charities are struggling at the moment. Repairs to our bus was very costly this year and with energy and food costs always on the rise our financial output is always increasing. In April An Easter Fundraiser Dance was held in our Centre.
We now have a hairdresser and a foot care service on offer to our members, both services are well used.
Citizens Advice Bureau is available by appointment, other services on offer are Visibility Scotland, Capability Scotland, and Social Services with Sensory advice.
We continue to work in partnership with other charities, Versus Arthritis provide two volunteers every month to deliver a Tai Chi class. With Alzheimer’s Scotland our bus driver takes the men to “Football Memories” and the Men’s Shed at Stoneykirk. Our members enjoy a variety of enjoyable activities on offer every week e.g., armchair Pilates, walking groups, crafting, quizzes to name but a few, the evidence and hilarity is captured on our Facebook page.
A Wheelchair rental service has been set up with a grant from Age Scotland, it has already been of benefit to a few people within our wider community.
We had our gazebo set up at the Stranraer Cattle Show raising awareness of what goes on at our Centre along with a bit of tombola fundraising.
Once Again, we arranged a Bonkers Bingo fundraiser in partnership with Woman’s Aid, it was held at Stranraer Oyster Festival.
At Christmas we had our Winter Fair, we also had our own Coronation Centre Charity Christmas cards for sale.
Age Scotland rented our meeting room; we aim in the future to make this room available for meetings to other organisations for a small charge.
The Manager and I attend Network meetings with other Centres within our region, we feel that networking with each other will be beneficial to all concerned.
New windows at the front of the building have been fitted along with a new shutter, this was made possible with funding from The Screwfix Foundation.
Our Centre now has a nice new updated website; it is full of information on all the services we offer.
New members have been encouraged to join our Centre thanks to the ongoing success of the speciality two course lunches with entertainment.
The Centre is extremely fortunate to have such a dedicated manager along with her fantastic team and volunteers who make all of the above happen, often in their own time. They continue to amaze me with their level of dedication; our thanks can never be expressed enough to all of them.
Anne Findleton
The Trustees present their annual report and financial statements for the year ended 31 March 2026.
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 governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
The principal activity of the charity for the period under review was to provide a central point in Stranraer where elderly persons, and also disabled or disadvantaged members, can come to meet and socialise so that the conditions of life of the aged and disadvantaged in Stranraer and district may be improved, and to provide advice, information, guidance and practical assistance to them without distinction of sex, race, religion or political opinion.
In furtherance of this we will also aim to provide: Adapted transport in order to collect people directly from their homes to bring them to the centre and to return them to their homes at the end of the day, with a travel assistant to help the less able-bodied people. To make available to them the services of a footcare specialist and hairdresser and to provide bathing/showering facilities for their carers to use, where they do not have facilities at home. To provide nutritious food for breakfast and lunch and to help maintain a healthy lifestyle and to provide activities and outings to prevent social isolation.
The policies adopted in furtherance of these objects is to run the Day Centre providing a range of activities for its members and there has been no change in these during the year.
The Trustees have paid due regard to guidance issued by OSCR in deciding what activities the charity should undertake.
The charity does not distribute grants.
Please refer to Chairperson's Report
The charity had total incoming resources for the year of £279,406, representing a decrease from £375,369 in 2025. The total resources expended amounted to £259,529 for the year as against £298,938 in 2025. The charity had a net surplus for the year of £19,877 (2025: surplus of £76,431).
The principle source of funding for the charity is the Social Services Department of Dumfries & Galloway Council, Foundation Scotland and income from members and the general community.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use or invested in fixed assets should be maintained at a level equivalent to three month’s unrestricted expenditure (estimated at £55,000). 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. This level of such reserves was £112,245 at the year end and therefore exceeded the policy.
Investment policy
Under the Memorandum and Articles of Association, the charity has the power to make investments which the Trustees see fit in the furtherance of the objectives of the charity.
The Trustees has 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.
The Centre remains committed to expanding its services and support to our local community. We launched our wheelchair rental service this past year. The initiative is operating steadily, providing an essential mobility resource to the local community.
While our initial grant applications to upgrade the personal care room were unsuccessful, modernising this space remains a priority. We are actively seeking appropriate grant opportunities to update our medic bath. Despite these funding challenges, our wellbeing services remain active; our hairdressing service operates weekly, and a specialist footcare clinic runs on an eight-week rotation.
Our long-term objective is to firmly establish the Centre as a vibrant, multi-service community hub. Over the past year, we successfully established meaningful intergenerational work with two local primary schools with plans for this to continue and we continue to host monthly advice sessions from various external organisations.
Our members are kept fully up to date with a monthly newsletter advising of activities, day to day running of the Centre and any upcoming fundraising event.
The charity is a limited company limited by guarantee on 2 November 2005 and recognised as a Scottish Charity. The charity is governed by its Memorandum and Articles of Association.
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:
The directors of the charitable company are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. As set out in the Articles of Association the chairman of the trustees is nominated by the trustees. No person shall be admitted a Member of the Company unless approved by the trustees. Every person who wishes to become a member shall deliver to the company an application for membership in such form as the chairman require executed by him.
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.
To facilitate effective operations the manager, Alisin Boland, has been delegated authority for operational matters.
The trustees are invited to the Board by the Current Directors after assessing the potential contribution the individual could make to the organisation. New trustees are briefed on the operations of the charity and their duties under charity and company law.
The Trustees' report was approved by the Board of Trustees.
The Trustees, who are also the directors of Coronation Day Centre Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
I report on the financial statements of the charity for the year ended 31 March 2026, which are set out on pages 7 to 20.
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.
Since the charity has prepared its financial statements on an accruals basis and is also registered in Scotland, the independent examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006. I confirm that I am qualified to undertake the examination because I am a member of Chartered Accountants Ireland, which is one of the listed bodies.
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:
to keep accounting records in accordance with Section 44(1)(a) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and
to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006
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.
Chartered Accountants Ireland
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Coronation Day Centre Limited is a private company limited by guarantee incorporated in Scotland. The registered office is Coronation Day Centre, Whitson Avenue, Stranraer, DG9 7AW.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". 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 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
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.
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.
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.
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
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.
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).
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.
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 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, 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, 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, including creditors 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 creditors 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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.
Included in insurance costs is a premium relating to trustee liability insurance.
During the year no trustees were reimbursed for travelling and other expenses necessary to carry out their trusteeship. (2025: £NIL).
No donations were made to the charity by the Trustees in the year (2025: £NIL).
The average monthly number of employees during the year was:
The remuneration of key management personnel was as follows:
The Manager and the Trustees are considered the Key Management Personnel. The remuneration paid for the year was £37,957 (2025: £36,143).
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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.
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.
The NHS Endowment Fund was awarded to facilitate the enhancement and expansion of the day centre services (final).
The Screwfix grant was to help with replacing windows and shutters.
The Hugh Fraser Foundation grant was to help with salaries.
The Anton Jurgens Charitable Trust grant was to help with running costs.
The Christina Mary Hendrie Trust grant was to help with running costs.
The Postcode Lottery grant was to help with running costs/salaries.
The AMW Charitable Trust grant was to help with running costs.
The Scottish Government grant of £2,665.74 was to help with minibus mileage.
Foundation Scotland - Kilgallioch grant of £86,820 was awarded over 3 years to help towards continuing to provide meals for elderly and vulnerable members of the community of Stranraer and district (final).
Age Scotland grant of £620 was to purchase 2 wheelchairs. The transfer related to capital expenditure during the year.
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.
Previously the directors set up a designated fund to allow for any possible redundancy costs. The directors currently believe the possibility of having to make redundancies is remote.
There were no disclosable related party transactions during the year (2025 - none).