Charity No: SC005702 THE WESTERLANDS ASSOCIATION HOME FOR ELDERLY PEOPLE IN STIRLING AND DISTRICT AI¥NUAL REPORT AND FINANCIAL STATEMENTS 31 MARCH 2025 Dickson Middleton Chartered Accountants www.dicksonmiddleton.co.uk A member firni of the UK 200 Group
THE WESTERLANDS ASSOCIATION Report and Financial Statements Year ended 31 March 2025 Page Report of the trustees Auditors Report Statement of financial activities 10 Balance Sheet Statement of cash flows 12 Notes to the financial statements 13- 18
THE WESTERLANDS ASSOCIATION Report of the Trustees for the year ended 31 MAr¢h 2025 The Trustees have pleasure in presenting thelr report for the y&qr ended 31 Mar¢h 2025. This rep)rt is prepared in accordance with the Trust's ConstitutiotL the Charities SORP (FRS102) and complies with applicable law and accounting standards. Reference and Administrative Inforniation Charity Name". Charity Number". PrincÉpal Address: Bankers: The Westerlands Association SC005702 The Royal Bank of Scotland plc, Units 22123 Thistles Shopping C¢ntre, Stirling, FK8 2EA Kerr Siirling LLP, Solicitors, 10 Albert Plac¢, FK8 2QL Dickson Middleton, Chartered Accountants & Statutory Auditors, 20 Barnton StreeL Stirling, FK8 INE Solicitors.. Auditors: Trustees and members of tbe nyanagement commlttee The trustees of the Association during the year to 31 March 2025 and since that date were:
THE WESTERLANDS ASSOCIATION Report of the trustees for the year ended 31 March 2025 (Continued) Structure Governance and Mana Governing Document The Westerlands Association has a written constitution and the first full working year commenced on l April 1949. The Association is r¢cognis¢d by the Otyice of the Scottish Charity Regulator as a charity and is registered with Stirling Council under the Social Work (Scotland} Act 1968. ement Recruitment and appointment of management committee The m¢mb¢rs of th¢ management committee are drafft from a broad business background. As suitable individuals are identified, they are approached by the Chairnian or Secretary. Every effort is made to maintain a suitable level and mix of skills on the management committ¢e. One member of the committee shall retire by rotation each year, but shall be eligible for re-election at the Annual Genernl Meeting. The committee shall have power to co-opt members as required. Trustee Induction Training New members to the committee are invited and encouraged to attend a series of short training sessions to familiarise th¢mseEves with the charity and its operation. Organisational Structure The Association has a management committee of not more than seven and not less than four members, two of whom are designated Chairnian and Sccretaryrrreasurer. The management committee take responsibility for the oversight and running of the home. The management committee meet on a regular basis. The day to day running of the home ts the responsibility of the managers, who are members of the management committee and attend regular managemcnt committee meetings. Risk Management The Trustees have considered the major risks f¢d by the charity. Financial sustainability is the major risk for the charity and that is mitigated by maintaining high occupancy levels, of which a minimum of half should be privately funded residents, with careful planning and control of expendlture. With the refusal of the GovemmentJCoun¢ils to pay the actual Cost of care, maximising privately funded residents is essential, albeit morally wrong. The major operational risk is ensuring compliance with the Care Inspectorate, and this is covered in additional detail below. This is mitigated by the management team striving to ensure that standards are met. The final major risk relates to the safety and security of the residents, and this is mitigated by the update and maintenance, as required, on all fire doors, fire equipmenL Medicare monÈtoring of the movements of residents, enty pad and re alarni systems, together with adequate and annually updated insurance cover, in order to ensur¢ that all requirements are met. There is also monthly Health & Safety monitoring by a private specialist company.
THE WESTERLANDS ASSOCIATION Report of the trustees for the year ended 31 Mareh 2025 (Continued) Ob'ectives and Activities The objtS of thc Association &8 per its constitution are to pmvide a home or homes for elderly people of either sex. In ordinary course, priority will be given to residents who have sIded for a number of years within Stirling and Surrounding distrtcts but the committee is emw)wered and at its discretion may admit people resident in other districts. Th¢ whole of the affairs of the Association is vested in the trustees and managed by the committee in accordance with the constitution. The Association currently provides a Home for 23 rcsidents. Achievements and Performance The second full financial year to be unaffected by the COVID pandemic saw a continuing upturn in the finances of Westerlands. The significant underfunding to Homes, compounded by insutTicient annual increases, presents on-going challenges. Despite this, Westerlands continued with ihe gocMI progress made in the previous yvar, as a SuIt of the hard work of the staff, together with the regular Meetings, discussions and decision making of the Trustees, and the excellent leadership of the manager, Trustees of Westerlands remain extremely proud of the achi¢vem¢nts over the pasi fifve )'ears, which included the COVID pandemic, th¢ on-going energy crisis (h¢ating is a ¢ru¢ial area in all Care Homes), and &ssociated inflationary cost in¢r¢as¢s, - in particular food, en¢rgy Costs and the significant payroll in¢r¢as¢5 required by th¢ authorities. W¢steTlands provide ¢x¢¢ll¢nt car¢ and, as a charity. continu¢s to have one of the low¢st charges for &qrc within th¢ area. West¢rlands had an unannounced inspection by the Care Inspectorate. which resulted in grades 5 with no requirements detailed. This is external recognition of the changes made by together with her devoted excellent staff. Westerlands does not employ Agency stsff. which means that all the gtaff know all of the residents, and there are not the "new faces" showing up on a regular basis as happens in many of the larger homes. Not using Agency staff is also huge for the Residents, welfare. introduced the computerised Caredocs system, which improved the overall reporting within WLstcrlands. All in all, it has been a very successful f$t full financial year for as the Care Home manager. A major problem remains the age at which Councils will plac¢ rcsi ents Into care homes, and this is unlik¢ly to Wcsterlands. Both have relatives in Wcstcrlands and bring the totsl numlKI ot Trustccs with relatives in the Home to thffe. Both havc been made v¢ry w¢l¢ome to Westerlands and will doubtless bring different vi¢ws to th¢ Tnjstee mc¢tings.
THE WESTERLANDS ASSOCIATION Report of the trustees for the year ended 31 March 2025 (Continued) Financial Review PriDcipaE Funding Sources The Association is dependent on fe¢s charged to residents of the Home, a portion of which ar¢ funded by local authorities. Overview of the financial year The financial yeai ended with a surplus of £38,284 against a previous year surplus of £32,733. During 202412025, Westerlands continued with the polRcy of improving the Home through a combination of revenue and Capital expenditurcs, and the improved retention of staff since the end of the pandemic. W¢sterlands continues to pay above recommended rates of pay (the annual increase in funding is subject to various minimum rates being paid) to the care staff. although the rates of pay remain lower than the staff deserve, or that the Trustees would wish to pay. Westerlands remains fortunate in that the beautiful Category B listed building is fully owned by Westerlands. with no renL mortgage or associated debt. but the Home remains expensive to maintain to the level that the Trustees requkre for the residents. Re8erves Poli and going concern Restricted funds are recognised separately, and any unapplied residue of such funds is carried forward for applicatlon in future perkods. UnTestricted funds comprise designated and undesignated fiinds: Designated funds compris¢ a reserve to match the value of fixed assets h¢ld by the Association, and those reserves are held to meet the working capital requirements of the Association Undesignated funds comprise the free reserves of the Association. The trustees have reviewed the circumstances of the charity and Consider that adequate resources continue to be available to fi5nd the activities of the W¢sterlands Association for the forcsccable future. The trustees are unanimous in the view that the charity is a going concern. Plans for Futsre Periods The Trustees intend to continue to provide excellent care to its residents and to makntain the Home to a high standard. This requir¢s the continued good stewardship of the charity's assets, together with the excellent care that continues to be given by the staff to all residents
THE WESTERLANDS ASSOCIATION Report of the trustees for the year ended 31 Mareh 2025 (Continued) Statement of trustees, res onsibilities Th¢ truste¢s are responsible for preparing the Trustees, Report and the financial statements in accordance with applÉcabl¢ law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Practice). The law applicable to charities in Scotland requires the trust¢¢s to prepare financial statemenls 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 resourc¢s of th¢ charity for that period. In preparing these financial statements. the trust¢¢s are required to.. sel¢Gt suitable accounting wylici¢s and then apply them consistenily. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial ststements" 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 proper accounting records that disclose with reasonable accuracy at any tirne the financial position of the charity and enable th¢m to ensure that the financial statements comply with the Charitics and Trustee Investment (Scotland) Act 2005, th¢ Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding th¢ &ss¢ts of the charity and hence for taking reasonable steps for the prevention and detection of frdud and other ITgUlarItIcs. By order of the board of trustees Chairnian 26 Iyovember 2025
THE WESTERLANDS ASSOCIATION Independent auditors report to the Trustees of The Westerlands Association Year ended 31 March 2025 Opinion We have audited the fmancial statements of The Westerlands Association (the 'charity' or 'ASslatiOn,) for the year ended 31 March 2025 which comprise Statement of Financial Activities, Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policles. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standard4 including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland(United Kingdom Generally Accepted Accounting Practice). In our opinion the financial ststements: give a true and fair view of the state of the charity's affairs as at 31 March 2025, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance wlth United Kingdom Genernlly Accepted Accounting Practice; and have b¢en prepared in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those statements are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical Standard, and w¢ have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going e(pneern In auditing the financial statcments, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomi¢d, we have not identified any material uncertainties relating to events or conditions thaL individually or collectively, may cast significant doubt on the charitable company's ability to Continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the r¢sponsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
THE WESTERLAfqDS ASSOCIATION Independent auditors report to the Trustees of The Westerlands Association Year ended 31 Marcb 2025 (Continued) Other infomation The trustees are responsibl¢ for the other inforniation. The other infom]ation comprises the inforniation included in the report of the trustees, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other infonnatAon and, except to the extent otherwise implicitly stated in our r¢porL w¢ do not express any forn] of assurance conclusion thereon. Our responsibility is to read the other inforniation and, in doing so, consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtsined in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material missÉat¢m¢nts, we are required to deterniine whether there is a material misstatment in the financial statements themselves. If, based on the work we have p¢rfornied, we conclude that there is a material mtsstatement of this other infornlatio we are required to report that fact. We have nothing to report in this regard. Matter8 on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinkon: adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or the fanCIal statem¢nts are not in aeement with the accounting records and returns. or certain disclosures of trustees, remun¢ration specified by law are not made. or we have not received all the inforniation and explanations we require for our audit Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees are responsible for the preparation of financial statements which give a true and fair view and for such inten1 control as the trustees deterniine is necessary to enable the preparation of financial statements that are free from materiaE misstatement, whether due to fraud or error. In preparing the fmancial statements the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting, unless the trustees either intend to liquidate the charity or to ceas¢ operations, or have no realistic alternative but to do so.
THE WESTERLANDS ASSOCIATION Independent auditors report to the Trustees of The Westerlands Association Year ended 31 Mareh 2025 (Continued) Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 44(IKc) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with regulations made under that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or eOr, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in aggregate, they could reasonably b¢ expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilitie4 outlined above, to detect material misstatements in respect of irregularities, including fraud. The specifjc predureS for this engagement and the extent to which these are pable of detecting irregularities, including fraud is detailed below: Inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud. The audit engagement team identified the risk of management override of Controls as the area where the fanCIal statements were most susceptible to material misstatement due to fraud. Audit procedures perfonned included but were not limited to: testing manual journal entries and other adjusim¢nts' evaluating the business rationale in relation to any significant unusual transactions and challenging judgements and estimates; reviewing minutes of meetings held by managcment and those charged with governance to identify any matters including actual or attempted fraud, litigation and noncompliance with laws and regulations. inspecting expenditure incurred in the year while making sure this has been appropriately categorized in the financial statements. This included agreeing a sample from the nominal ledger to purchase invoice while also reviewing post year end transactions and invoices to confirni the completeness of the expenditure was disclosed. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk incrw&ses the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-complkance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealmenL forgery, Collusion, omission or misrepr¢sentation.
THE WESTERLANDS ASSOCIATIOIY Independent auditors r¢port to the Trust¢e8 of The We8terl4nds Asswiation Year ellded 31 Mah 2025 (Colltinued) As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstalement of th¢ fman¢ial statements, whether due to fraud or error, design and perforni audit procedures responsive to those risks, and obtain audit 'Ji evidenc¢ that is sulTicient and appropriate to provide a basis for our opinion. The risk of not dete¢ting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve Collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the pu4)ose of expressing an opinion on the effectiveness of the charity's internal control. Evaluat¢ the appropriateness of accounting policies used and the reAsonableness of aOUnting estimates and related disclosur¢s made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evid¢nce obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures ar¢ inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to Cease to continue as a goin8 concern. Evaluate the ov¢rall presentation, structure and content of the financial stst¢m¢nts, including the disclosures, and whether the financial stat¢ments represcnt the und¢rlying transactions and ev¢nts in a manner that achieves fair pr¢seiitation. W¢ Gommunicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, includtng any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with regulation l O of the Charities Accounts (Scotland) Regulations 2006 (as amended). Our audit work has b¢en undertaken so that we might state to the charity's trnstees those matters we are requir¢d to stat¢ to them in an auditor's report and for no other purposc. To the fullest ¢xt¢nt p¢rniitt¢d by law, w¢ do not acccpt or assum¢ responsibility to anyon¢ other than the charity and th¢ charity's trustees as a b(Kly, for our audit worL for this rq)o¢ or for the opinions we have fomi¢d. artere ccountants tatutory Ilors Eligible to act U gn guditor in tenns of section 1212 of the Companies Act 2(106 20 Barnton Street Stirling FK8 INE 26 November 2025
THE WESTERLANDS ASSOCIATION ststement of financial activities for the yegr ended 31 March 2025 Unrestricted funds Restrieted General Designydted Funds 2025 Total 2024 Total COME Donations and legacies Grants recetved Other Income Interest Receivable 1,957 4,200 2,384 3,346 1,957 4,200 2,384 3,346 11,887 9,242 2,875 2,303 14,420 Incomefrom charitable activities Residents, fees 1.180,859 1,180.859 1069.452 Total Income 1,192 746 1192,746 1,083 872 Fund raising costs Charitable Activities (see note 3) Operation of Home Total expenditure 1,154,462 1,154,462 1154,462 1,051,139 1,154.462 1,051,139 Net Income for the year 38,284 38,284 32,733 Transfer between funds Net movement in funds for the year 512 37,772 512 512 38,284 32,733 Totsl funds brought forward 112,557 125,117 6,100 243,774 211,041 Total funds earned fonvard 150,329 125,629 6,100 282,058 243 774 All income and expenditure derive from continuing activities. Th¢ statement of fmancial activities includes all gains and losses recognis¢d in the year. The notes on pages 13 to 18 forni part of these financial statements. 10-
THE WESTERLANDS ASSOCIATION Balance sheet as at 31 March 2025 2025 2024 Notes Fixed Assets Tangible fixed assets 125,629 125,117 Current assets Debtors Cash at bank and on hand 92.563 124,263 216,826 64,371 120 981 185.352 Crnlitors." amounts falling due within one year Net current assets 156,429 118,657 Net assets 282 058 243 774 The funds of the charlty: Restricted funds Unrestricted funds Total ebArity funds 11 11 11 6,100 275 958 282,058 6.100 237 674 243 774 Approved by the management committee of The Westerlands Association on 26 November 2025 and signed on its behalf by., Chairnian Treasurer 'I"he notes on pages 13 to 18 tomi part ot ihese financial statem¢nts. 11
THE WESTERLANDS ASSOCIATION Statement of cash flows for the year ended 31 March 2025 2025 2024 Cash flows from operating activities Surplus for the fancial year 38.284 32.733 Adjustmentsfor." Ikpreciation etc. of tangible assets Interest receivable and similar income 20,039 (3,346) 18,987 (2,303) clngeS in.. Debtors Creditors (28,192) (6,298) 3,237 5,799 Cash generated from operations 20,487 58,453 Interest received 3,346 2,303 Net cash inflow from opernting activities 23,833 60,756 Cash flows from investing activities Purchase of tangtble assets (20,551) {14,564) Net increase in cash and cash equivalents 3,282 46.192 Cash and cash equivalents at beginning of year 120,981 74,789 Cash and cash equivalents at end of year 124 263 120,981 12
THE WESTERLANDS ASSOCIATION Notes to tbe financial statements - year to 31 March 2025 l. Aeeounting policies a) Basis of preparation The financial statements hav¢ been prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities SORP (FRS102). A summary of the more important accounting policies, which have been applied consistently, is set out below. The financial statements have been prepared using pounds sterlin& the functional currency of the charity. The Westerlands Association meets the definition of a public benefit entity under FRSIO2. b) Preparation of the financial statements on a going concern basis The charity has adequate fmancial resources. The home has seen high occupancy levels throughout the year and the trustees see no reason why this level of occupancy should not continue. On this basis the trustees are of the view that the charity is a going concern and the financial ststements have been prepared on this basis. c) Fund structure Unrestricted funds comprise accumulated surpluses or deficits on general funds and they are available for use at the discretion of the trustees in furtherance of the objectives of the charity. The portion of these funds relating to fixed assets has been designatsd by the trustees. Restricted funds arc cr¢ated when funds are received for a particular purpose, the use of which is restricted to that area or purpose. The related expenditure is Charged to the statement of financial a¢tivities when incurred. d) Income In¢om¢ is recognised once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income: Interest receivable - interest on funds held on deposit is included when receivable: this is nornially uwn notification of the interest paid or payable by the bank. Donations received- voluntary donations are accounted for when r¢c¢ivable. ¢) Expenditure and irrecoverable VAT Expenditur¢ is recognised once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under headings that aggregate all the costs related to the category and includes irrecoverable VAT. 13
THE WESTERLAIYDS ASSOCIATION Notes to the financial statements - year to 31 March 2025 l. Accounting policies (continued) Allocation of overhead and support costs Overhead and support costs have been allocated between charitable activity and governance costs. The allocations are analysed at note 3. g) Charitable activities The costs of charitable activities include an apportionment of overhead and support costs. h) Governance costs Governance costs comprise costs involving public accountability of the Association and its compliance with regulation and good practice. These costs include costs related to the audit together with an apportionment of overhead and support costs. i) Operating leeS Commitments under oFrating leases are charged to the statement of fanCIal activities in the period in which the rentals are payable. j) Pension Costs The Association makes contributions to a defined contribution pension scheme for employees who have not opted out of the scheme. Contributkons payable by The Association are charged to the statement of financial activities as they become payable. k) Taxation The Association is recognised as a charity for taxation purposes. As such, the Association is exempt from tax on income and gains to the extent that these are applied to charitable objects. No tax charges have arisen in the Association. l) Tangible fixed assets Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:_ IAnd - Not depreciated Buildings - 20/0 p.a. straight line method Furnishings. fittings and equipment 150/0 p.a. reducing balance method m) Debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount ppaid net of any discounts due. n) Cash at bank and in hand Cash at bank and in hand includes cash and short tern] highly liquid bank deposits. o} Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle can b¢ measured or estimated reliably. Creditors and provisions are norn]ally recognised at their settlement amount after allowing for any trade diounts due. 14-
THE WESTERLANDS ASSOCIATION Notes to the financial statements - year to 31 March 2025 l. Accounting polieies (continued) p) Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Baskc financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. q) Government grants Government grants are accounted for when receivable and related expenditure is applied against the grants when incurred. 2. Surplus for the year: The surplus for the year is stated after charging: 2025 2024 Auditor's remuneration audit non-audit 3,900 900 2,700 900 3. Charitsble expellditure Basis of Allocation Care Provision Total Governance 2025 Costs directly allocated to activities Management & Administration House Expenses Care Home Stairg General Expenses Support costs alloeated to activities Management & Athninistration Care Home Statring Total resources expended Staff time/Direct Direct Staff time/Direct Direct 11,277 11,277 124,290 831,864 145,086 124,290 827,205 145,086 4,659 Costs Costs 27,364 13,979 1,137,924 602 27,966 13,979 16,538 1,154.462 2024 Costs direetly allocated to activities Management & Administration House Expenses Care Home Statying General Expenses Support costs allOted to activities Management & Administration Care Home Staffmg Totsl resources expended Staff time/Direct Direct Staff timelDirect Direct 9,769 9,769 126,522 731,638 125.876 126,522 721,401 125,876 10,237 Costs Costs 25,464 30,715 1029,978 1,155 26,619 30,715 21,161 1,051,139 15
THE WESTERLAfiDS ASSOCIATION Notes to the fxnancial statements - year to 31 March 2025 4. Remuneration and reimbursement of expenses Remuneration was paid and expenses reimbursed to trustees and members of the management committee as follows:_ 2025 2024 Fees, remuneration and benefits Expenses reimbursed to trustees 67,959 433 66,868 651 67,519 Staff payroll costs 2025 2024 Wages and salaries Employer National Insurance Employer Pension costs 765,206 696,445 66,052 52,346 14,585 13,562 845,843 762,353 No employee had benefits in excess of £60,000 (2024: nil). Average number of employees 2025 28 2024 31 Charitable Activities The key management personnel of the charity comprise the trustees and senior managers as listed on page l. The total benefits were £67,959 (2024: £117,568). Tangible fixed assets Freehold Furnishings, land and fittings and buildin Cost At l April 2024 Additions Disposals At 31 March 2025 34,976 370,926 20,551 405,902 20,551 34,976 391,477 426,453 Depreciation At l April 2024 Disposals Charge for year At 31 March 2025 18,966 261,819 280,785 600 19,566 19,439 281,258 20,039 300,824 Net Book Value 31 March 2025 31 March 2024 110219 109,107 125 629 125,117 16,010 Freehold land and buildings comprise the heritable property at Westerlands Home, Clifford Road, Stirling, FK8 2AQ. Land has been estimated at £5,000 and is not depreciated. 16
THE WESTERLANDS ASSOCIATION Notes to the financial statements - year to 31 March 2025 Debtors 2025 2024 Care debtors Prepayments 81,931 10,632 92,563 55,557 64,371 8. Cash at bank and on hand 2025 2024 Current account Deposit accounts On hand 5,008 117,752 5,002 114,706 1,273 120,981 124,263 Creditors: amounts falling due within one year 2025 2024 Creditors Other taxes and social security costs Other creditors Accruals and deferred income 4,067 18,328 20,529 17,473 60,397 13,667 15,795 18,709 18,524 66.695 10. Financial Instrnments The carrying amount for each category of financial instruments is as follows :. 2025 2024 Financial assets: Financial assets that are debt instruments at amortised cost 92,563 64,371 Financial liabilities: Financial liabilities measured at amortised cost 42,069 50,900 17
THE WESTERLANDS ASSOCIATION Notes to the financial statsments - year to 31st March 2025 11. Analysis of net assets among funds Tangible rixed assets Net Current assets Total Restricted funds: Stirling Nursing Association Cambusbarron Nursing Fund Residents Funds 400 743 4,957 400 743 4,957 Unrestrieted funds: General Designated 150,329 150,329 125,629 156,429 282,058 125 629 125,629 The designated fund comprises income set aside by the trustees to fund tangible fixed assets of the Association (note 6). The movement in restricted funds in the year is s¢t out below: Restricted Funds At 01.04.2024 Income Expenditure At 31.03.2025 Stirling Nursing Association Cambusbarron Nursing Fund Residents Funds Donations re upkeep Fund balances carried forward 400 743 4,957 400 743 4,957 6,100 6,100 The purposes to which the remaining funds must be used are no longer known to the trustees and they intend to approach the Office of the Scottish Charity Regulator with a view to having them re-cl&8sified as unStrICt. 18
THE WESTERLANDS ASSOCIATION Income and expenditure aeeount for the year ended 31 Mareh 2025 2025 2024 Income Residents fees Grants received Bank interest Donations and legacies Other income 1,180,859 4,200 3,346 1,957 1,069,452 2,303 9,242 1192 746 1083.872 Indirect expenditure Management and administratlOD Treasurer's fees Audit and accountancy fees Legal and professional fees 25,909 4,800 24,675 3,600 8,113 Income less indirect expenditure 1153 503 Expenditure and grants relating directly to eharitable activities House expenses Provisions Laundry and cleaning Garden supplies and expenses Heat and light Depreciation on buildings 54,292 13,777 2.585 53.036 600 52,351 16,019 949 56,603 600 126.522 Care Home Staffing Wages and pension costs 845,843 762.353 762 353 General expenses Repairs and replacements Rates General insurance Telephone Stationery and advertising Television rental, etc. Sundri¢s PPE costs / Medical costs Registration fee and subscriptions Depreciation etc. on furnishings, fittings & equipment Travelling Staff training Bank Charges Postage Staff Clothing & Footwear 60,801 7,721 10,158 2,145 2,805 161 20,244 6,704 8,601 19,439 433 5,144 480 206 49,624 7,822 7,663 2,520 2,541 192 15,540 6,800 8,246 18,387 651 4,804 540 386 160 125 876 145 086 Totsl direct Charitable expendlture 1 115.219 1014751 Surplus for the year This page is provided for infonnation only and is not part of the audited fmancial statements. 19-