REGISTERED COMPANY NUMBER: SC181899 (Scotland) REGISTERED CHARITY NUMBER: SC27489
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
FOR
BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Report of the Independent Auditors | 6 | to | 8 |
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | ||
| Cash Flow Statement | 11 | ||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 22 |
BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED (REGISTERED NUMBER: SC181899)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of 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
Objectives and aims
The principal objectives of the company are to support the elderly, frail and other people in need principally in South Carrick, but also elsewhere in Ayrshire.
BRICC runs a home care agency staffed by fully trained employees and a voluntary driver scheme.
Significant activities
BRICC provide a reliable, flexible and professional service of care to enable clients to maintain their independence in their own homes for as long as they wish. The Care Agency had an average of 23 employees during the year. These employees provide valuable care and help in the home environment in the South Ayrshire area. The company is an authorised care provider for South Ayrshire Council and is registered with The Scottish Care Commission.
Weekly social activities are also provided along with a transport service.
Volunteers
The Thrift Shop, which opens daily and is staffed entirely by volunteers, continues to raise substantial funds to help with our activities. There are around twenty people on the staffing rota for the shop or working behind the scenes and all of the stock is donated. The shop is an important outlet for re-cycling of goods in our area.
There is also a transport service to appointments provided by voluntary drivers.
We are very grateful for all that our volunteers do for us.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The Care Agency has continued to serve in excess of 90 clients during the year showing that there is a need for the care we provide. Care income has remained static during the year and it remains difficult to find sufficient care staff.
The transport service has continued to be well used. Drivers continue to be paid a small subsidy financed by the Thrift Shop takings.
Fundraising activities
The thrift shop continues to be well used by customers and donors alike. A total of £80,824 was raised this year.
Investment performance
The trustees were satisfied with the management and performance of the investment portfolio throughout the year.
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED (REGISTERED NUMBER: SC181899)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
ACHIEVEMENTS AND PERFORMANCE
Summary of main achievements
The agency has stayed in profit due to an increase in rates from South Ayrshire Health & Social Care Partnership and some cost reductions. Pay rates for carers continue to be above the rate set by Scottish Government and South Ayrshire Health & Social Care Partnership.
A care inspection in January 2026, maintained our grade of a 4 (out of 6) for support of people's wellbeing, leadership, staffing and planning of care and support.
In 2022, we were successful in a tendering exercise for care at home work from the South Ayrshire Health & Social Care Partnership and continue to be a registered supplier. The existing contract has been extended to May 2027.
The property and large garden at 14 Main Street, Ballantrae was purchased in 2017. Planning permission has been obtained to build five sheltered housing units. Our long term plan to build a 16 bed residential facility has been given up on grounds of ever increasing costs. A space has been left in the grounds for a possible future small unit to give dementia care.
FINANCIAL REVIEW
Financial position
The Statement of Financial Activities for the year shows total income of £611,303, total expenditure of £527,672 and gain on investment value of £12,181 resulting in a surplus of £95,812. General reserves now stand at £1,672,464 and restricted funds £394,408.
Principal funding sources
The charity receives the majority of its funding from running its home care agency through a contract with South Ayrshire Council.
Investment policy and objectives
The trustees have the power to invest in such assets as they see fit.
Reserves policy
The unrestricted general fund represents accumulated surpluses and deficits on unrestricted funds and is available for use at the discretion of the trustees in furtherance of its charitable objects.A separate fund has been set up to raise funds for the new residential facility. At 30 September 2025 the balance was £394,408.
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
FUTURE PLANS
The trustees have decided to proceed with a sheltered housing option, on the land at 14 Main Street, Ballantrae where residents would rent up to five modern, individual houses equipped for disability living. Help in the event of a fall would be provided by trained, locally based staff which will be an improvement on the current system where it can take up to three hours for trained staff to arrive.
Planning permission has been received for the houses.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
In the event of the company being wound up, each member has undertaken to contribute an amount not exceeding one pound whilst he or she is still a member or within one year thereafter.
There are 44 members of the company (2024 - 50 members).
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED (REGISTERED NUMBER: SC181899)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees
New trustees are put forward by the members of the company for election.
Decision making
The board of trustees normally meet 6 weekly to hear of progress on activities and take decisions as necessary and appropriate. The board has a chairman and vice chairman.
Induction and training of new trustees
Training and relevant information on BRICC is given to new trustees.
Key management remuneration
The company considers its chairman, who is unpaid, to be its key management personnel.
Risk management
The trustees continue to review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
SC181899 (Scotland)
Registered Charity number
SC27489
Registered office
12 Main Street Ballantrae Girvan Ayrshire KA26 0NB
Trustees
Rosemary Stevenson Amelia Stevenson (Chairman) Catherine Thorburn (Vice Chairman) Teresa Macintyre Justin James Birch (appointed 18/11/2024) Gwendoline Anne Campbell (appointed 18/11/2024) Aileen Margaret McGinlay (appointed 18/11/2024) Georgette Birch (appointed 18/11/2024) Stuart McDonald (appointed 18/11/2024)
Company Secretary
Colin McNally
Senior Statutory Auditor
Marguerite Roos BAcc CA
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED (REGISTERED NUMBER: SC181899)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Galbraith Pritchards Chartered Accountants & Statutory Auditor 20 Barns Street Ayr Ayrshire KA7 1XA
Solicitors
McKinstry and Co incorporating Murray & Tait 146 Dalrymple Street Girvan KA26 9BQ
Investment advisers
M & G Investments Laurence Pountney Hill London EC4R 0HH
EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Ballantrae Rural Initiative Care In The Community Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED (REGISTERED NUMBER: SC181899)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
An indemnity insurance policy is in place for the benefit of the trustees.
AUDITORS
The auditors, Galbraith Pritchards, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 28 June 2026 and signed on its behalf by:
Amelia Stevenson - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
Opinion
We have audited the financial statements of Ballantrae Rural Initiative Care In The Community Limited (the 'charitable company') for the year ended 30 September 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 30 September 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
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have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 the provisions available for small entities, in the circumstances set out in note 19 to the financial statements, and we 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 concern
In auditing the financial statements, 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 performed, we have not identified any material uncertainties relating to events or conditions that, 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 responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:
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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
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company'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 charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
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 error, and to issue a Report of the Independent Auditors 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 the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the company and the sector in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and, enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Marguerite Roos BAcc CA (Senior Statutory Auditor) for and on behalf of Galbraith Pritchards Chartered Accountants & Statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 20 Barns Street Ayr Ayrshire KA7 1XA
29 June 2026
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Other trading activities Other income Operation of Care Agency Other trading activities 3 Investment income 4 Other income Total EXPENDITURE ON Charitable activities 6 Cost of Operating Activities Cost of activities for generating funds Support costs Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 2,100 80,824 5,500 492,940 989 20,836 1,700 604,889 510,049 10,875 2,430 523,354 12,181 93,716 1,578,748 1,672,464 |
Restricted funds £ 6,414 - - - - - - 6,414 4,318 - - 4,318 - 2,096 392,312 394,408 |
30/9/25 Total funds £ 8,514 80,824 5,500 492,940 989 20,836 1,700 611,303 514,367 10,875 2,430 527,672 12,181 95,812 1,971,060 2,066,872 |
30/9/24 Total funds £ 7,796 84,949 5,500 493,248 1,027 29,773 - |
|---|---|---|---|---|
| 622,293 | ||||
| 597,871 1,140 7,182 |
||||
| 606,193 | ||||
| 10,321 | ||||
| 26,421 1,944,639 |
||||
| 1,971,060 |
The notes form part of these financial statements
Page 9
BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED (REGISTERED NUMBER: SC181899)
BALANCE SHEET 30 SEPTEMBER 2025
| Notes FIXED ASSETS Tangible assets 13 Investments 14 CURRENT ASSETS Debtors 15 Cash at bank and in hand CREDITORS Amounts falling due within one year 16 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 358,144 190,902 549,046 134,510 1,044,830 1,179,340 (55,922) 1,123,418 1,672,464 1,672,464 |
Restricted funds £ 193,895 - 193,895 - 200,513 200,513 - 200,513 394,408 394,408 |
30/9/25 Total funds £ 552,039 190,902 742,941 134,510 1,245,343 1,379,853 (55,922) 1,323,931 2,066,872 2,066,872 1,672,464 394,408 2,066,872 |
30/9/24 Total funds £ 552,664 178,721 731,385 72,390 1,210,611 1,283,001 (43,326) 1,239,675 1,971,060 1,971,060 1,578,748 392,312 1,971,060 |
|---|---|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 June 2026 and were signed on its behalf by:
Amelia Stevenson - Trustee
Catherine Thorburn - Trustee
The notes form part of these financial statements
Page 10
BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Sale of heritage assets Interest received Dividends received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
30/9/25 £ 31,395 31,395 (19,200) 1,701 - 9,892 10,944 3,337 34,732 1,210,611 1,245,343 |
30/9/24 £ (27) (27) - - 48,461 19,594 10,179 78,234 78,207 1,132,404 1,210,611 |
|---|---|---|
The notes form part of these financial statements
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|
| 30/9/25 | 30/9/24 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of Financial | |||
| Activities) | 95,812 | 26,421 | |
| Adjustments for: | |||
| Depreciation charges | 19,824 | 15,048 | |
| Gain on investments | (12,181) | (10,321) | |
| Profit on disposal of fixed assets | (1,700) | - | |
| Interest received | (9,892) | (19,594) | |
| Dividends received | (10,944) | (10,179) | |
| Increase in debtors | (62,120) | (13,240) | |
| Increase in creditors | 12,596 | 11,838 | |
| Net cash provided by/(used in) operations | 31,395 | (27) |
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank and in hand Total |
At 1/10/24 £ 1,210,611 1,210,611 1,210,611 |
Cash flow £ 34,732 34,732 34,732 |
At 30/9/25 £ 1,245,343 |
|---|---|---|---|
| 1,245,343 | |||
| 1,245,343 |
The notes form part of these financial statements
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The trustees consider that there are no material uncertainties about the company's ability to continue as a going concern.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
INCOME
All income is recognised in the Statement of Financial Activities 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 value from donated goods received for resale in the thrift shop is recognised as income when sold.
Both revenue and capital grants are credited to the Statement of Financial Activities (SOFA) in the year to which they relate.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
ALLOCATION AND APPORTIONMENT OF COSTS
The methods and principles for the allocation and apportionment of all cost between the different activity categories of resources set out above are based on staff time estimated on a pro-rata basis.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Motor vehicles - 25% on cost Office equipment - 20% on reducing balance
Individual assets costing £500 or more are capitalised.
continued...
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. ACCOUNTING POLICIES - continued
TANGIBLE FIXED ASSETS
A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Impairment losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure Account.
TAXATION
As a recognised charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
FINANCIAL INSTRUMENTS
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The company does not acquire put options, derivatives or other complex financial instruments.
Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
Employee Benefits
When employees have rendered services to the company, short term benefits to which employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. Principally this includes the holiday pay accrual calculated at 30 September 2025.
continued...
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2. DONATIONS AND LEGACIES Donations Memberships 3. OTHER TRADING ACTIVITIES Fundraising events 4. INVESTMENT INCOME Other fixed asset invest - FII Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Thrift shop income Other trading activities Flat rent Other income Feed in tarriff Other income BRICC Club Operation of Care Agency Provision of care and domestic services Operation of Care Agency 6. CHARITABLE ACTIVITIES COSTS Cost of Operating Activities Cost of activities for generating funds Support costs |
Direct Costs (see note 7) £ 505,335 10,875 - 516,210 |
30/9/25 £ 8,366 148 8,514 30/9/25 £ 989 30/9/25 £ 10,944 9,892 20,836 30/9/25 £ 80,824 4,800 700 338 492,602 579,264 Support costs (see note 8) £ 9,032 - 2,430 11,462 |
30/9/24 £ 7,796 - 7,796 30/9/24 £ 1,027 30/9/24 £ 10,179 19,594 29,773 30/9/24 £ 84,949 4,800 700 1,015 492,233 |
|---|---|---|---|
| 583,697 | |||
| Totals £ 514,367 10,875 2,430 |
|||
| 527,672 |
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continued...
BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
| Staff costs Rates and water Insurance Light and heat Postage and stationery Care commission and subscriptions Sundries Volunteer drivers scheme BRICC club Training Travel BRICC House costs Thrift shop expenses Staff expenses Bad debts Depreciation Impairment losses 8. SUPPORT COSTS Management £ Cost of Operating Activities - Support costs 830 830 |
30/9/25 £ 414,302 1,560 5,250 8,287 2,990 2,030 5,122 300 305 864 42,689 5,701 1,517 225 5,244 19,824 - 516,210 Governance Finance costs £ £ 1,032 8,000 - 1,600 1,032 9,600 |
30/9/24 £ 424,936 20,906 5,326 11,111 3,374 2,255 5,807 756 837 1,311 45,178 4,474 1,140 92 - 15,049 48,461 |
30/9/24 £ 424,936 20,906 5,326 11,111 3,374 2,255 5,807 756 837 1,311 45,178 4,474 1,140 92 - 15,049 48,461 |
|---|---|---|---|
| 591,013 | |||
| Totals £ 9,032 2,430 |
|||
| 11,462 |
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 30/9/25 | 30/9/24 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 8,000 | 6,900 |
| Auditors' remuneration for non audit work | 1,600 | 1,500 |
| Depreciation - owned assets | 19,825 | 15,049 |
| Hire of plant and machinery | 830 | 1,279 |
| Surplus on disposal of fixed assets | (1,700) | - |
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.
11. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Agency Care Administration |
30/9/25 £ 385,708 23,405 5,189 414,302 30/9/25 22 2 24 |
30/9/24 £ 398,965 20,450 5,521 |
|---|---|---|
| 424,936 | ||
| 30/9/24 23 2 25 |
No employees received emoluments in excess of £60,000.
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Other trading activities Other income Operation of Care Agency Other trading activities Investment income Total EXPENDITURE ON Charitable activities Cost of Operating Activities Cost of activities for generating funds Support costs |
Unrestricted fund £ 1,490 84,949 5,500 493,248 1,027 29,773 615,987 561,084 1,140 7,182 |
Restricted funds £ 6,306 - - - - - 6,306 36,787 - - |
Total funds £ 7,796 84,949 5,500 493,248 1,027 29,773 |
|---|---|---|---|
| 622,293 | |||
| 597,871 1,140 7,182 |
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 October 2024 746,208 Additions - Disposals - At 30 September 2025 746,208 DEPRECIATION At 1 October 2024 194,372 Charge for year 14,925 Eliminated on disposal - At 30 September 2025 209,297 NET BOOK VALUE At 30 September 2025 536,911 At 30 September 2024 551,836 |
ACTIVITIES - continued Unrestricted Restricted fund funds £ £ 569,406 36,787 10,321 - 56,902 (30,481) 1,521,846 422,793 1,578,748 392,312 Motor Office vehicles equipment £ £ 9,474 29,805 19,200 - (9,474) - 19,200 29,805 9,474 28,977 4,800 100 (9,474) - 4,800 29,077 14,400 728 - 828 |
Total funds £ |
|
|---|---|---|---|
| 606,193 | |||
| 10,321 | |||
| 26,421 1,944,639 |
|||
| 1,971,060 | |||
| Totals £ 785,487 19,200 (9,474) 795,213 232,823 19,825 (9,474) 243,174 552,039 552,664 |
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
14. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 October 2024 | 178,721 |
| Revaluations | 12,181 |
| At 30 September 2025 | 190,902 |
| NET BOOK VALUE | |
| At 30 September 2025 | 190,902 |
| At 30 September 2024 | 178,721 |
| There were no investment assets outside the UK. |
| 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Other creditors Accrued expenses 17. MOVEMENT IN FUNDS At 1/10/24 £ Unrestricted funds General fund 1,578,748 Restricted funds The Scottish Land Fund 206,213 Residential care facility 186,099 392,312 TOTAL FUNDS 1,971,060 |
30/9/25 £ 108,670 24,544 1,296 134,510 30/9/25 £ 26,686 2,373 26,863 55,922 Net movement in funds £ 93,716 (4,318) 6,414 2,096 95,812 |
30/9/24 £ 40,064 30,166 2,160 72,390 30/9/24 £ 17,228 2,582 23,516 43,326 At 30/9/25 £ 1,672,464 201,895 192,513 |
30/9/24 £ 40,064 30,166 2,160 |
|
|---|---|---|---|---|
| 72,390 | ||||
| 394,408 | ||||
| 2,066,872 |
continued...
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds The Scottish Land Fund Residential care facility TOTAL FUNDS |
Incoming resources £ 604,889 - 6,414 6,414 611,303 |
Resources expended £ (523,354) (4,318) - (4,318) (527,672) |
Gains and Movement losses in funds £ £ 12,181 93,716 - (4,318) - 6,414 - 2,096 12,181 95,812 |
Gains and Movement losses in funds £ £ 12,181 93,716 - (4,318) - 6,414 - 2,096 12,181 95,812 |
|---|---|---|---|---|
| 2,096 | ||||
| 95,812 |
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds The Scottish Land Fund Residential care facility TOTAL FUNDS |
At 1/10/23 £ 1,521,846 243,000 179,793 422,793 1,944,639 |
Net movement in funds £ 56,902 (36,787) 6,306 (30,481) 26,421 |
At 30/9/24 £ 1,578,748 206,213 186,099 |
|---|---|---|---|
| 392,312 | |||
| 1,971,060 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds The Scottish Land Fund Residential care facility TOTAL FUNDS |
Incoming resources £ 615,987 - 6,306 6,306 622,293 |
Resources expended £ (569,406) (36,787) - (36,787) (606,193) |
Gains and Movement losses in funds £ £ 10,321 56,902 - (36,787) - 6,306 - (30,481) 10,321 26,421 |
Gains and Movement losses in funds £ £ 10,321 56,902 - (36,787) - 6,306 - (30,481) 10,321 26,421 |
|---|---|---|---|---|
| (30,481) | ||||
| 26,421 |
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds The Scottish Land Fund Residential care facility TOTAL FUNDS |
At 1/10/23 £ 1,521,846 243,000 179,793 422,793 1,944,639 |
Net movement in funds £ 150,618 (41,105) 12,720 (28,385) 122,233 |
At 30/9/25 £ 1,672,464 201,895 192,513 |
|---|---|---|---|
| 394,408 | |||
| 2,066,872 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 1,220,876 (1,092,760 ) Restricted funds The Scottish Land Fund - (41,105) Residential care facility 12,720 - 12,720 (41,105) TOTAL FUNDS 1,233,596 (1,133,865 ) |
Gains and Movement losses in funds £ £ 22,502 150,618 - (41,105) - 12,720 - (28,385) 22,502 122,233 |
Gains and Movement losses in funds £ £ 22,502 150,618 - (41,105) - 12,720 - (28,385) 22,502 122,233 |
|---|---|---|
| (28,385) | ||
| 122,233 |
FUNDS
The unrestricted funds are available to be spent for any of the purposes of the charity.
The Scottish Land Fund provided funds in 2016 towards the purchase of land and buildings for the purpose of building a residential care facility.
The other restricted fund consists of funds received from various other donors for the purpose of the residential care facility.
continued...
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BALLANTRAE RURAL INITIATIVE CARE IN THE COMMUNITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2025.
19. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
20. POST BALANCE SHEET EVENTS
Since the year end, the property at 14 Main Street, Ballantrae has been demolished. Planning permission has bee granted and an agreement has been entered into to build five sheltered housing units.
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