CRAIGMYLE COMMUNITY SCIO
SCOTTISH CHARITABLE INCORPORATED ORGANISATION
FINANCIAL STATEMENTS
30 JUNE 2025
Charity Number $C001949
CRAIGMYLE COMMUNITY SCIO
FINANCIAL STATEMENTS
==> picture [409 x 16] intentionally omitted <==
----- Start of picture text -----
||||
|---|---|---|
|YEAR|ENDED 30 JUNE|2025|
|e|ee|ee|
----- End of picture text -----
==> picture [322 x 141] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|CONTENTS|PAGES|
|Trustees|Report|2to3|
|Statement|of financial|activities|4|
|Balance|sheet|5|
|Notes|to the|financial|statements|6to7|
|Independent|examiners|report to the Trustees|8|
----- End of picture text -----
= f=
CRAIGMYLE COMMUNITY SCIO
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2025 ieg The Trustees have pleasure in presenting their report and the unaudited financial statements of the company for the year ended 30 June 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered in its current legal form on 1 May 2019. The charity was previously a company limited by guarantee, but changed its legal form by converting to a SCIO. It has a two tier structure and as such the trustees are separate from the members of the charity. It's governing document is its constitution which was approved by the Scottish Charitable Regulator (OSCR), as effective from 1 May 2019.
Recruitment and Appointment of Trustees
Trustees are appointed by volunteering or may be proposed by other members of the board of Trustees.
Trustees Induction and Training
The Trustees training is ongoing throughout the year.
Risk Management
Grants are met from existing cash balances, interest income received in the year and the realisation of amounts invested in equity funds.
Organisational Structure
The Trustees manage the SCIO's activities.
PRINCIPAL ACTIVITIES AND FINANCIAL REVIEW
The principal activity of the charity during the year is to provide a community service for persons who, through physical or mental handicaps are unable to lead a normal life. During the year the SCIO funds fell by £ 23,975 (£ 23,648). Grants totalling £ 35,082 (£ 41,311) were awarded and the market value of its investments appreciated by £10,848 (£ 17,021), in line with the general UK stock market. It is the intention to optimise the use of existing funds in the award of grants, but not fund raise. The trustees will ensure the SCIO maintains a sound financial basis while it is active.
Grants are awarded to organisations and individuals in the furtherence of the charitable objectives of the SCIO. Grants are accounted for when the recipients have a reasonable expectation that they will receive a grant or donation or where the Trustees have agreed to pay the sum without condition.
Investment Policy
The Trustees overall policy regarding reserves is to achieve better income returns than those currently offered by banks, but at limited risk to capital. They consider that they can best do this by continuing to hold surplus funds in Common Investment Funds, but periodically realising investments, if possible at a gain, in order to maintain a balance in cash and cash deposits sufficient to meet three to five year projected grant awards.
~2e-
ee ee a eet eee
CRAIGMYLE COMMUNITY SCIO
FINANCIAL STATEMENTS
thYEAR ENDED 30taht JUNE 2025
Reserves Policy
The Trustees are of the opinion that the present level of reserves is sufficient to meet current and future spending needs.
Trustees
Those who served during the year were as follows:
Basis for Preparing these Accounts
The accounts (financial statements)have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16thJuly 2014,the Financial Reporting Standard for Smaller Entities(FRSSE), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.
Contact Address:
Signed on behalf of the Trustees
Approved by the Council of Management on 21 October 2025
=
CRAIGMYLE COMMUNITY SCIO
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 30 JUNE 2025
ee
==> picture [481 x 469] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Total|Funds|Total|Funds|
|2025|2024|
|Note|£|£|
|INCOMING|RESOURCES|
|Incoming resources from|generated funds:|
|Voluntary Income:|
|Donations|
|Activities for generating funds:|
|Interest receivable|2|320|702|
|Incoming resources from|charitable|activities:|
|Other income - Appreciation of investments|3|10,848|17,021|
|Total addition|to|resources|11,168|17,724|
|RESOURCES|EXPENDED|
|Charitable|Activities|5|-35,082|-41,311|
|Governance|Costs|5|-60|-60|
|Total resources expended|-35,142|-41,371|
|Net incoming (outgoing)|resources|-23,974|-23,647|
|Net movement|in funds|-23,974|-23,647|
|Reconciliation|of funds|
|Total funds brought forward at 1 July 2024|201,104|224,751|
|Total funds carried forward on 30 June 2025|177,130|201,104|
----- End of picture text -----
The statement of financial activities includes all gains and losses in the year. All incoming resources and and resources expended derive from continuing activities. All funds are unrestricted
The notes on pages 6 and 7 form part of these financial statements.
-4-
CRAIGMYLE COMMUNITY SCIO
BALANCE SHEET AS AT 30 JUNE 2025 eee
eee
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| MEDIUMTERM INVESTMENTS | |||||
| MarketValue on 30June | 6 | 163,429 | 182,580 | ||
| 163,429 | 182,580 | ||||
| CURRENTASSETS | |||||
| Debtors | 7 | 0 | 0 | ||
| Cash atbank | 15,833 | 18,524 | |||
| 15,833 | 18,524 | ||||
| CREDITORS:amounts falling due | |||||
| within oneyear | F:3 | -2,132 | 0 | ||
| NETCURRENTASSETS | 13,701 | 18,524 | |||
| TOTALASSETSLESSCURRENTLIABILITIES | 177,130 | 201,104 | |||
| nd | = | ||||
| FUNDS | |||||
| Unrestricted: | |||||
| Designated Funds | |||||
| Othercharitablefunds | 177,130 | 201,104 | |||
| TOTALFUNDS | 177,130 ooo |
201,104 ———e—— = |
The accounts are prepared on the basis of the Statement of Recommended Accounting Practice (SORP) as included in The Charities Act 2011 (Accounts and Audit) Order 2015 providing guidance on how to apply FRS 102 (The Financial Reporting Standard applicable in the UK and Republic of Ireland — Small entities and other minor amendments issued in July 2015) , to charity accounts.
The Council of Management acknowledge their responsibilities for:
(i) ensuring that the company keeps proper accounting records which comply with the SORP and FRS 102, and
(ii) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of with the SORP and FRS 102
The Trustees7 - financial statementson 21October 2025and aresigned on their behalf by:
Charity Number SC001949
The notes on pages 6 to 7 form part of these financial statements
eeeS -5-
CRAIGMYLE COMMUNITY SCIO
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2025 eee
SSSSSSSSSSSSSSSSSSSSSSSSSSSE
1, ACCOUNTING POLICIES
Basis of accounting
The accounts (financial statements)have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16thJuly 2014,the Financial Reporting Standard for Smaller Entities(FRSSE), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s} to these accounts.
Funds
Unrestricted funds are incoming resources receivable for the objects of the charity but with no specific purpose attached other than they are available for general purposes.
Restricted funds are those funds where the donor has placed a restriction and expenditure charged to such funds meet the criteria. The company has no restricted funds and has had no activity involving restricted funds during the current or prior period.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangements as financial assets, financial liabilities or equity instruments. An equityinstrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2. INTEREST EARNED
| Yearto | Yearto | to | ||
|---|---|---|---|---|
| 30June2025 | 30June 2024 | |||
| Interest received | 319 | 702 | ||
| 3. | OTHER INCOME/(EXPENSE) | |||
| 30June 2025 | 30June | 2024 | ||
| £ | £ | |||
| Appreciation/ (Depreciation) ofAberdeen Asset | ||||
| Management UKequity investment in Year Appreciation /(Depreciation) ofCAF social Responsibility |
6,866 | 8,040 | ||
| UK Equity Fund in Year | 3,982 | 8,981 | ||
| 10,848 | 17,021 |
ai i i
- 6 =
CRAIGMYLE COMMUNITY SCIO
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2025 eee
==> picture [412 x 314] intentionally omitted <==
----- Start of picture text -----
4, TOTAL RESOURCES EXPENDED
Charitable
Activities Governance Costs Total Costs 2025 Total Costs 2024
£ £ £ £
Grants Awarded -35,082 -35,082 41,311
General expenses -60 -60 -60
Legal and professional fees 0 0 0
—— “35,082 Sr-60 -35,142 -41,371
6. MEDIUM TERM INVESTMENTS
N
Original Appreciation / Current Year [)
Investment (Depreciation) B / Appreciation / t Investment
Value Forward (Depreciation) e Realised
£ £ £
Aberdeen asset Management UK
Equity Fund Acc L Shares 138083.41
units bought on 13 March 2017 150,000 39,046 6,866 (1) -115,456
NB. Units sold 24,687.29 balance
remaining 113, 396.12
CAF Social Responsibility UK Equity
Growth Fund 9141.28 units bought
on the 16 October 2015 100,000 51,336 3,982 -72,345
Total Investment Value 250,000 90,382 10,848 -187,801
es ....._____f —SSSSS——aumEpzxvxKr— == ———<—$————————————————————— ===
----- End of picture text -----
(1) Current Year Appreciation includes units found by the Investment Managers to the value of £ 2,025.
The market value of the units of Abdrn UK Sustainable Equity L Acc Fund and those of the CT Responsible UK Equity L Acc Fund at the date of signing the accounts were £ 70,625 and £ 76,643 respectively showing an appreciation of £ 3,839, after adjusting for disposals, since the 30th of June 2025.
7. DEBTORS
==> picture [413 x 179] intentionally omitted <==
----- Start of picture text -----
2025 2024
£ £
Prepayments and accrued income t' t']
a nn|
8 CREDITORS: Amounts falling due within one year
Year to Year to
30 June 2025 30 June 2024
£ £
Other creditors 2,132 0
3. RELATED PARTY TRANSACTIONS
No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard
for Smaller Entities.
----- End of picture text -----
er
CRAIGMYLE COMMUNITY SCIO
INDEPENDENT EXAMINERS ' REPORT TO THE COUNCIL OF MANAGEMENT
YEAR ENDED 30 JUNE 2025 a
|report on the accounts of the charity for the year ended 30 June 2025, which are set out on Pages 2 to 7.
Respective Responsibitities of management and examiner.
The 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. The council of management consider that the audit requirements of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does nor apply. It is my responsibility to examine the Report and Accounts 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning 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 accounts.
Independent Examiner's Statement
In the course of my examination, no matter has come to my attention.
-
Ba which gives me 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 report and accounts which accord with the accounting records and 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.
==> picture [28 x 13] intentionally omitted <==
----- Start of picture text -----
Signed:
----- End of picture text -----
==> picture [105 x 13] intentionally omitted <==
----- Start of picture text -----
.. Date: 21 October 2025
----- End of picture text -----
eere
-8-