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 dra￿fft 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 r￿e 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 obj￿tS 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 IT￿gUlarItIcs.
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
'ASs￿latiOn,) 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 f￿anCIal statem¢nts are not in a￿eement 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 inten￿1 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 e￿Or, 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 pr￿edureS 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 f￿anCIal 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 Ma￿h 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 a￿OUnting
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 f￿ancial year
38.284
32.733
Adjustmentsfor."
Ikpreciation etc. of tangible assets
Interest receivable and similar income
20,039
(3,346)
18,987
(2,303)
cl￿ngeS 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 le￿eS
Commitments under oFrating leases are charged to the statement of f￿anCIal 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 p￿paid 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
di￿ounts 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 Stair￿g
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 allO￿ted 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 un￿StrICt￿.
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.
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