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2025-03-31-accounts

Charity registration number SC001762 (Scotland)

PRINTFIELD COMMUNITY PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

PRINTFIELD COMMUNITY PROJECT

LEGAL AND ADMINISTRATIVE INFORMATION

: -
Charity registration Scotland $C001762
Principal address 11A Printfield Walk
Aberdeen
Aberdeenshire
Scotland
AB24 4UA
Independent examiner Thyme Tax &Accountancy Ltd
36 Angusfield Avenue
Aberdeen
Aberdeenshire
United Kingdom
ABi56AQ

PRINTFIELD COMMUNITY PROJECT

CONTENTS

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|||||| |---|---|---|---|---| |Page| |Trustees|report|1-2| |Independent|examiner's|report|3| |Statement|of financial|activities|4| |Balance|sheet|5| |Notes|to the|financial|statements|6-14|

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PRINTFIELD COMMUNITY PROJECT

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

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 governing document, 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 exists to provide facilities and activities for the residents of Printfield area of Woodside, Aberdeen.

The purpose of the funding and expectation of use:

Provide a resource for community activity, support community capacity building and learning. Provide a venue for a range of organisations that offer support, information and advice.

Provide service for families and residents including After School Childcare in partnership with Fenian's Community Project. Youth services to cater for up to 80 children and young people aged 5-16 years who reside in Printfield.

Adult learning classes and tenants support

Support the development of Woodside Network and its sub-groups.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance

Performance indicators:

Key poverty and inequality indicators:

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PRINTFIELD COMMUNITY PROJECT

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Successes:

Financial review

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 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 Charity’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.

The balance held as unrestricted funds at 31 March 2025 was £88418 of which £60,524 are regarded as free reserves, after allowing for funds tied up in tangible fixed assets and investments and £27,894 designated funds. Actual 3 month cash payments totalled £37,458. The current level of reserves is therefore higher than is needed.

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.

Structure, governance and management

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The Trustees who served during the year and up to the date of signature of the financial statements were:

Recruitment and appointment of trustees

The Trustees report was approved by the Board of Trustees.

26 November 2025

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PRINTFIELD COMMUNITY PROJECT

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF PRINTFIELD COMMUNITY PROJECT

| report on the financial statements of the Charity for the year ended 31 March 2025, which are set out on pages 4 to 14.

Respective responsibilities of Trustees and examiner

The Charity’s Trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's Trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act 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 | do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

| understand that this has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

In connection with my examination, no other matter except that referred to in the previous paragraph has come to my attention: (a) which gives me reasonable cause to believe that in any material respect the requirements: (i) to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and (ii) to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations; have not been met or (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Thyme Tax & Accountancy Ltd

36 Angusfield Avenue Aberdeen Aberdeenshire AB15 6AQ United Kingdom

Dated: 26 November 2025

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PRINTFIELD COMMUNITY PROJECT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

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Unrestricted Restricted Total § Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income from:
Donations and legacies 3 107,217 11,432 118,649 98,252 54,803 153,055
Othertradingactivities 4 - - - 295 - 295
Total income 107,217 11,432 118,649 98,547 54,803 153,350
Expenditure on:
Charitable activities 5 108,869 40,967 149,836 105,174 42,992 148,166
Total expenditure 108,869 40,967 149,836 105,174 42,992 148,166
Netincome/(expenditure) (1,652) (29,535) (31,187) (6,627) 11,811 5,184
Transfersbetween funds 7,619 (7,619) - (1,716) 1,716 -
Netmovement infunds 7 5,967 (37,154) (31,187) (8,343) 13,527 5,184
Reconciliation offunds:
Fund balances at 1 April 2024 82,451 38,175 120,626 90,794 24,648 115,442
Fundbalancesat31March 2025 88,418 1,021 89,439 82,451 38,175 120,626

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

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PRINTFIELD COMMUNITY PROJECT

BALANCE SHEET

AS AT 31 MARCH 2025

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2025 2024
Notes £ £ £ £
Fixed assets
Tangibleassets 11 24 31
Current assets
Debtors
Cash at bankand inhand
12 1,336
88,780
768
120,486
90,116 121,254
Creditors:amountsfallingduewithinoneyear 13 (701) (659)
Netcurrent assets 89,415 120,595
Total assets lesscurrent liabilities 89,439 120,626
Thefunds ofthe Charity
Restricted incomefunds 15 1,021 38,175
Unrestrictedfunds 16 88,418 82,451
89,439 120,626

The financial statements were approved by the Trustees on 26 November 2025

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PRINTFIELD COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information Printfield Community Project is a unincorporated charity.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the Charity's governing document, 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, [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.

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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

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.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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PRINTFIELD COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025 Veeeie ee Be eee eee 1 Accounting policies (Continued)

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

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:

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|||||| |---|---|---|---|---| |Plant and|equipment|25% on|reducing|balance| |Computers|33% on|reducing|balance|

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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 fixed 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.

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.

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PRINTFIELD COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, 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 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.

Derecognition offinancial liabilities

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

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.

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PRINTFIELD COMMUNITY PROJECT

FOR THE YEAR ENDED 31 MARCH 2025 ;pn nn ee ee

4 Income from other trading activities

5

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Grants 107,217 11,432 118,649 98,252 54,803 153,055
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising events - 295
Expenditure on charitable activities
2025 2024
£ £
Direct costs
Staffcosts 113,534 116,300
Depreciation and impairment 8 11
Sundries 2,714 2,087
Project costs 23,493 19,169
Office costs 1,349 1,155
Rates&water 880 764
Insurance 972 1,399
Light&heat 4,417 4,384
Telephone 1,653 1,611
Charityshopcosts - 482
149,020 147,362
Share ofsupportand governance costs (see note 6)
Governance 816 804
149,836 148,166
Analysis byfund
Unrestricted funds 108,869 105,174
Restricted funds 40,967 42,992
149,836 148,166

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PRINTFIELD COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

6 Support costs allocated to activities

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Governance|costs|816|804| |7|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|816|804| |Depreciation|of owned|tangible|fixed|assets|8|11|

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8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

9

Employees

The average monthly number of employees during the year was:

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|||||| |---|---|---|---|---| |2025|2024| |Number|Number| |10|10| |Employment|costs|2025|2024| |£|£| |Wages and|salaries|97,555|95,564| |Social|security|costs|3,817|5,061| |Other|pension|costs|12,162|15,675| |113,534|116,300|

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There were no employees whose annual remuneration was more than £60,000.

10 = Taxation

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

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PRINTFIELD COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |11|Tangible fixed|assets| |Plant and|Computers|Total| |equipment| |£|£|£| |Cost| |At|1 April|2024|1,135|825|1,960| |At 31|March 2025|1,135|825|1,960| |Depreciation|and|impairment| |At|1 April 2024|1,103|825|1,928| |Depreciation|charged|in the year|8|-|8| |At|31|March|2025|a|Vs|Es|825|1,936| |Carrying|amount| |At|31|March|2025|24|-|24| |At 31|March|2024|31|-|31| |12|Debtors| |2025|2024| |Amounts falling due within one year:|£|£| |Trade debtors|765|199| |Prepayments|and accrued|income|571|569| |1,336|768| |13|Creditors:|amounts|falling due within|one year| |2025|2024| |£|£| |Other taxation|and|social|security|54|-| |Other creditors|66|78| |Accruals and|deferred|income|581|581| |701|659| |14|Retirement|benefit|schemes| |2025|2024| |Defined|contribution|schemes|£|£| |Charge to|profit or loss|in|respect of defined|contribution|schemes|12,162|15,675|

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PRINTFIELD COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

14 ~— Retirement benefit schemes

(Continued)

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.

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PRINTFIELD COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 ~~ 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.

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |At|1|April|2024|Incoming|Resources|Transfers|At|31|March| |resources|expended|2025| |£|£|£|£|£| |General|funds|82,451|107,217|(108,869)|7,619|88,418| |Previous year:|At|1|April|2023|Incoming|Resources|Transfers|At 31 March| |resources|expended|2024| |£|£|£|£|£| |Contingency|Fund|27,894|-|-|-|27,894| |General|funds|62,900|98,547|(105,174)|(1,716)|54,557| |90,794|98,547|(105,174)|(1,716)|82,451| |17|__—s|Analysis|of net assets between funds| |Unrestricted|Restricted|Total| |funds|funds| |2025|2025|2025| |£|£|£| |At|31|March|2025:| |Tangible|assets|-|24|24| |Current|assets/(liabilities)|88,418|997|89,415| |88,418|1,021|89,439| |Unrestricted|Restricted|Total| |funds|funds| |2024|2024|2024| |£|£|£| |At|31|March|2024:| |Tangible|assets|-|31|Si| |Current|assets/(liabilities)|82,451|38,144|120,595| |82,451|38,175|120,626| |18|Related|party transactions|

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18

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

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Printfield Community Project

ANNUAL REPORT APRIL 24-MARCH 25

PERFORMANCE INDICATORS:

45 CHILDREN PROVIDED WITH HEALTHY LUNCHES DURING SCHOOL HOLIDAYS

78 CHILDREN & YOUNG PEOPLE ATTENDED OUT OF SCHOOL CARE AND YOUTH SERVICES

8 CHILDREN UNDER 3 YEARS BENEFITED FROM CHILDCARE

12 RESIDENTS ATTENDED WOODSIDE NETWORK MEETINGS

24 VOLUNTEERS INVOLVED IN PRINTFIELD COMMUNITY PROJECT MANAGEMENT COMMITTEE, PRINTFIELD FORUM AND WOODSIDE NETWORK

10 WOODSIDE NETWORK MEETINGS SUPPORTED

20 ADULT LEARNERS INVOLVED IN COURSES

3 ADULT COURSES PROVIDED TOTAL NUMBER OF PARTICIPANTS FOR THE YEAR-200

NUMBER OF VOLUNTEERS - 30

NUMBER OF VOLUNTEER HOURS CONTRIBUTED

NUMBER OF PEOPLE SUPPORTED WHO ARE AFFECTED BY POVERTY - 45 NUMBER OF ETHNIC MINORITY HOUSEHOLDS SUPPORTED - 20

NUMBER OF DISABLED PEOPLE SUPPORTED - 10

NUMBER OF LONE PARENTS SUPPORTED = 15 NUMBER OF FAMILIES WITH CHILDREN SUPPORTED - 45

NUMBER OF LARGER FAMILIES SUPPORTED (3+CHILDREN ) = 10

Number of kinship carers supported – 4

Number of care experienced young people supported – 2 Number of people provided with free food – 30 Number of people provided with free sanitary products – 20

Successes:

90 children, young people, parents and carers went on a Family Trip to blair Drummond

Printfield forum helps residents who require one-to-one support to address local issues.

Support the work of Woodside network and Woodside decides Support to the development of the denis law legacy trail and keep the community informed. Children, young people and adults have contributed to some of the designs created by fine day studio. Project staff has worked closely with all the partners.