OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Ecology Centre SCIO

2024-06-30-accounts

REGISTERED CHARITY NUMBER: SC028174

Report of the Trustees and

Financial Statements for the Year Ended 30 June 2024

for The Ecology Centre

Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB

The Ecology Centre

Contents of the Financial Statements for the Year Ended 30 June 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8
to 20

The Ecology Centre

Reference and Administrative Details for the Year Ended 30 June 2024

TRUSTEES

PRINCIPAL ADDRESS

==> picture [271 x 144] intentionally omitted <==

REGISTERED CHARITY NUMBER SC028174 INDEPENDENT EXAMINER Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB BANKERS Bank of Scotland The Mound Edinburgh EH2 3EW

Page 1

The Ecology Centre

Report of the Trustees for the Year Ended 30 June 2024

The Trustees present their report with the financial statements of the charity for the year ended 30 June 2024. 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).

In this Fiscal Year, The Ecology Centre further developed our exciting strategy that engages and collaborates with the community, enhances our environment and invests in developing our staff and board to effectively deliver on our vision:

‘To connect people and the environment for the sustainable wellbeing of both.’

OBJECTIVES AND ACTIVITIES Objectives and aims The Ecology Centre's mission:

Through nature connection and celebration we foster health and well-being for our community. We believe in inclusive, meaningful and hands-on education and volunteering experiences. We are dedicated to sustainable ecological practice across our land management, partnerships and operations.

ACHIEVEMENT AND PERFORMANCE Charitable activities

Environmental education: Our highly skilled education team delivers quality forest and outdoor learning for young people, families, youth organisations, and community groups. To increase the overall quality and impact of learning, the team has shifted focus from facilitating large one off, whole class sessions to delivering smaller group work over a number of weeks. This ensures that participants can grow and thrive within our programmes with real and lasting benefits. This person-centred approach means we can meet individuals’ needs within our groups. We have increased delivery of environmental education from 7833hrs (FY22/23) to 9471hrs (FY23/24) and given educational training to 1424 individuals.

Volunteers: Our diverse volunteer community is critical to the delivery of our charity’s services. Community members range in age from 16 to 84 and many are from challenging backgrounds. With the support of Lottery funding and Opportunities Fife, we have been able to continue to grow our volunteer numbers and provide more meaningful volunteer experiences. This year we estimate that together, volunteers gave over 8000 hours of their time to delivering The Ecology Centre’s mission , including:

Biodiversity: our volunteer botanist, continues to monitor the flourishing plant and wildlife around the Loch. In the last 7 years, the number of species recorded around the loch has increased from 400 spp[1] , to almost 1750 spp . In 2024, we consciously started to leave more areas of grassland to grow in small, distributed meadows. These provide additional and beneficial habitat for biodiversity and created areas for people to sit, eat and relax.

Driven by WWF, the Restoration Forth project (supporting oyster and seagrass reintroduction) is supported by our resident marine biologist who is based at The Ecology Centre. This project team has planted 135,000 seagrass seeds in this year , up from 25,000 last year.

1 spp - Plural of ‘species’

Page 2

The Ecology Centre

Report of the Trustees for the Year Ended 30 June 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Food production & Nutrition: We created 12 new garden plots for local community use, and we are growing most of our own fruit and veg for café use and distribution to the local community . We continue to collaborate with our loch neighbours to ensure the ecology of the loch is considered as one joined up, holistic entity.

Our Nest Café provides high quality food, in a great lochside setting with excellent service. Our amazing team have doubled the café footfall in the last year, which is frequented by members of the local community and those from further afield.

Events: We encourage the local community to be involved at the centre, learn new skills and enjoy the environment through a varied programme of events . We have hosted Ore Housing Big Day Oot, Seagrass party, High School POPSHOP summer party, Environmental funders day, Humanist society, and Rotary club.

Funding & income generation

We sincerely thank all our funders without whom we could not continue to fulfil our mission. In 2023/24 we started to diversify our funding strategy. We began to transition from having many valued but very small individual funders, to fewer, more substantial grants. Our Café and education teams continued to serve our growing community, and we had several events in 23/24. We are now creating an engaging monthly events calendar for the coming year, which we hope will reach an even wider audience and provide important revenue.

Donations unfortunately decreased in this Fiscal Year. However, we continue to welcome affordable contributions from all our supporters. All donations are put to good use in delivering our overall mission.

STAFF

Our staff team is critical to successfully evolving and delivering our objectives. In this Fiscal Year we continued to strengthen by investing in new talent and welcoming a new General Manager, Finance Officer, Training Officers, and Café Supervisor. We are further investing to develop the talent of our existing employees.

FINANCIAL REVIEW

Financial position

The accounts for the year to 30 June 2024 show a surplus of £23,401 (2023: £871).

At 30 June 2024, total reserves stood at £727,470 (2023: £704,069), with £61,601 (2023: £52,402) of these being unrestricted general reserves, £104,616 (2023: £60,801) being restricted reserves and £561,253 (2023: £590,866) being designated funds representing the book value of tangible fixed assets.

Reserves policy

The Executive Committee (The Committee) of The Ecology Centre manages its reserves in such a way as to ensure that it has sufficient funds to meet various identified contingencies and foreseeable costs. The Committee considers it prudent to encompass within its policy the monitoring of the following buffers:

A savings account is held with the Ecology Building Society where "spare" funds are retained gaining higher interest.

The Trustees estimate their required reserves to be £86,000. At 30 June 2023, unrestricted free reserves stood at £61,601 (2023: £52,402). The Trustees are aware that the figure is not sufficient to meet the requirement of the policy being applied but will seek ways to change this through unrestricted income generation.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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

Recruitment and appointment of new trustees

Trustees are recruited to ensure representation of a broad and appropriate range of skills, experience and qualities, to create an effective governing Board. Applicants go through a formal recruitment process before being appointed. Each year, one third of the Trustees shall retire and then present themselves for re-election.

Page 3

The Ecology Centre

Report of the Trustees for the Year Ended 30 June 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

Full membership of The Ecology Centre is open to all those living in defined postcodes of the Kinghorn, Burntisland, Aberdour and Auchtertool areas. Full members are eligible to attend AGMs and take part in decision-making over the running and future of the Centre. Those based outside this radius may join as Associate Members, but do not have voting rights.

The internal management team deal with the day-to-day management of the organisation as overseen by the General Manager.

Summary

Continued collaboration with all our key community stakeholders will allow us to evolve our contribution to society with even more focus, energy, and collaboration, in a fun and environmentally friendly way. Our thanks go to all of you who believe in us enough to invest your time and hard-earned money to support what we do. It is hugely appreciated. This will continue to be required in the future as the reduction in available funding, combined with more charities applying makes it even more difficult to raise the required finances to do good things for the communities we serve.

The Ecology Centre is open to absolutely everyone who shares our values, so please come and see what makes it such a special place.

30 January 2025

Approved by order of the Board of Trustees on .......................................... and signed on its behalf by:

==> picture [139 x 63] intentionally omitted <==

.......................

Page 4

Independent Examiner's Report to the Trustees of The Ecology Centre

I report on the accounts for the year ended 30 June 2024 set out on pages six to twenty.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

==> picture [250 x 61] intentionally omitted <==

Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB

31 January 2025 Date: .............................................

Page 5

The Ecology Centre

Statement of Financial Activities for the Year Ended 30 June 2024

INCOME AND ENDOWMENTS FROM
Notes
Unrestricted
funds
£
Restricted
funds
£
Donations and legacies
3
17,868
264,614
Charitable activities
Charitable activities
6
77,324
3,298
Other trading activities
4
2,373
-
Investment income
5
1,061
-
Other income
7
150
-
Total
98,776
267,912
EXPENDITURE ON
Charitable activities
8
Charitable activities
117,887
225,400
NET INCOME/(EXPENDITURE)
(19,111)
42,512
Transfers between funds
21
(1,303)
1,303
Net movement in funds
(20,414)
43,815
RECONCILIATION OF FUNDS
Total funds brought forward
643,268
60,801
TOTAL FUNDS CARRIED FORWARD
622,854
104,616		 2024
Total
funds
£
282,482
80,622
2,373
1,061
150
366,688
343,287
23,401
-
23,401
704,069
727,470		 2023
Total
funds
£
313,793
74,229
4,752
406
15
393,195

392,324

871
-
871
703,198
704,069

CONTINUING OPERATIONS

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities in both years. Comparative figures for the previous year by fund type are shown in Note 13. The notes on pages 8 to 20 form part of these financial statements.

Page 6

The Ecology Centre

Balance Sheet 30 June 2024

Notes
FIXED ASSETS
Tangible assets
14
CURRENT ASSETS
Debtors
15
Cash at bank
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
17
NET ASSETS
FUNDS
21
Unrestricted funds:
General fund
Designated Fund
Restricted funds
TOTAL FUNDS		 2024
£
561,253
3,607
205,616
209,223
(11,524)
197,699
758,952
(31,482)
727,470
61,601
561,253
622,854
104,616
727,470		 2023
£
590,866
42,034
119,157
161,191
(10,951)
150,240
741,106
(37,037)
704,069
52,402
590,866
643,268
60,801
704,069

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 30 January 2025 and were signed on its behalf by:

==> picture [145 x 58] intentionally omitted <==

The notes on pages 8 to 20 form part of these financial statements.

Page 7

The Ecology Centre

Notes to the Financial Statements for the Year Ended 30 June 2024

1. GENERAL INFORMATION

The Ecology Centre (SCIO) ("the charity") is Scottish charitable incorporated organisation governed by its constitution. It was registered as a charity in Scotland (registered number SC028174) on 11 August 1998. Its registered address i

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with:

The charity meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.

The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.

There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.

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.

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.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 8

The Ecology Centre

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Creditors and provisions

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 party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Going Concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

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 - 10% on cost and in accordance with the property
Plant and machinery - 33% on cost and 10% on cost
Motor vehicles - 20% on cost

It is the policy of the Trustees to capitalise any tangible fixed assets purchased where the cost exceeds £1,000.

Taxation

The Ecology Centre is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.

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.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

3. DONATIONS AND LEGACIES

Donations
Grants		 2024
£
10,034
272,448
282,482		 2023
£
17,526
296,267
313,793

Page 9

continued...

The Ecology Centre

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

3. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Cares
Fife Environment Trust
Food Insecurity Group
Hubbub Foundation
Kick Start
Mushroom Trust
National Lottery Community Fund
No One Left Behind
WWF UK
Outdoor Community Play
R S McDonald
Business Gateway
Other small grants
FVA Supported Volunteers
New to Nature
Rural & Island Communities Ideas into Action
Woods for Wellbeing
National Lottery
Scottish Power
Cycling Scotland
Opportunities Fife Partnership
Outdoor Community Play - Thrive
4.
OTHER TRADING ACTIVITIES
Fundraising events
5.
INVESTMENT INCOME
Interest receivable		 2024
£
-
-
-
2,000
-
-
-
-
62,221
4,856
-
-
3,084
21,652
9,594
-
-
47,088
5,000
20,122
91,975
4,856
272,448
2024
£
2,373
2024
£
1,061		 2023
£
9,340
4,383
8,000
5,728
5,221
560
19,363
9,827
58,334
9,480
10,042
3,000
15,904
22,011
9,594
17,542
31,099
56,839
-
-
-
-
296,267
2023
£
4,752
2023
£
406

Page 10

continued...

The Ecology Centre

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

6.
INCOME FROM CHARITABLE ACTIVITIES
2024
Activity
£
From activities
Charitable activities
80,622
7.
OTHER INCOME
2024
£
Gain on sale of tangible fixed assets
150
8.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs (see
costs (see
note 9)
note 10)
£
£
Charitable activities
248,331
94,956
9.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
£
Staff costs
194,713
Activity costs
43,698
Fuel and vehicle costs
666
Training
4,606
Travel
4,648
248,331
10.
SUPPORT COSTS
2024
£
Staff costs
28,103
Insurance
6,498
Light and heat
5,480
Postage and stationery
2,231
Sundries
1,201
Bank charges
918
Advertising
-
Legal fees
3,223
Telephone
1,154
Repairs and maintenance
8,271
Subscriptions and memberships
3,246
Recruitment costs
1,496
Loan interest
1,002
Accountancy
-
Depreciation of tangible and heritage assets
28,603
Carried forward
91,426		 2023
£
74,229
2023
£
15
Totals
£
343,287
2023
£
181,243
71,168
675
4,295
5,358
262,739

2023
£
47,793
6,258
5,751
578
1,342
291
1,674
16,231
1,120
11,702
1,464
928
1,141
1,934
28,633
126,840

Page 11

continued...

The Ecology Centre

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

10. SUPPORT COSTS - continued

Brought forward
Loss on disposal of tangible fixed assets
Independent examination fee
Loss on investment		 2024
£
91,426
1,010
2,520
-
94,956		 2023
£
126,840
-
2,520
225
129,585

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.

Trustees' expenses

During the year the trustees received a total of £47 (2023: £nil) in expenses. All payments were made in furtherance of the charity's objectives.

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees		 2024
£
212,003
7,485
3,328
222,816
2024
15		 2023
£
218,055
7,565
3,416
229,036
2023
12

Employees

No employees received emoluments in excess of £60,000.

In the opinion of the trustees there is one member of key management personnel, the General Manager. The total cost to the charity for this post in 2023/24 was £15,699 (2023: £38,234). There was no cost for this relating to this role for period from November 2023 - February 2024.

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
funds
funds
£
INCOME AND ENDOWMENTS FROM
£
Donations and legacies
17,526
296,267
Charitable activities
Charitable activities
74,229
-
Other trading activities
4,752
-
Investment income
406
-
Other income
-
15
Total
96,913
296,282		 Total
funds
£
313,793
74,229
4,752
406
15
393,195

Page 12

continued...

The Ecology Centre

Notes to the Financial Statements - continued

for the Year Ended 30 June 2024

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
EXPENDITURE ON
Charitable activities
Charitable activities
126,621
NET INCOME/(EXPENDITURE)
(29,708)
Transfers between funds
14,496
Net movement in funds
(15,212)
RECONCILIATION OF FUNDS
Total funds brought forward
658,480
TOTAL FUNDS CARRIED FORWARD
643,268
14.
TANGIBLE FIXED ASSETS
Freehold
Plant and
property
machinery
£
£
COST
At 1 July 2023
698,594
62,123
Disposals
-
(2,878)
At 30 June 2024
698,594
59,245
DEPRECIATION
At 1 July 2023
141,935
33,116
Charge for year
17,690
8,313
Eliminated on disposal
-
(1,868)
At 30 June 2024
159,625
39,561
NET BOOK VALUE
At 30 June 2024
538,969
19,684
At 30 June 2023
556,659
29,007
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Social security and other tax
Prepayments and accrued income		 Restricted
funds
£
265,703
30,579
(14,496)
16,083
44,718
60,801
Motor
vehicles
£
15,750
(2,750)
13,000
10,550
2,600
(2,750)
10,400
2,600
5,200
2024
£
1,015
917
1,675
3,607		 Total
funds
£
392,324
871
-
871
703,198
704,069
Totals
£
776,467
(5,628)
770,839
185,601
28,603
(4,618)
209,586
561,253
590,866
2023
£
6,527
-
35,507
42,034		 Total
funds
£
392,324
871
-
871
703,198
704,069

Page 13

continued...

The Ecology Centre

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 18)
Trade creditors
Social security and other taxes
Accruals and deferred income
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 18)
18.
LOANS
Bank loans
Payable within one year
Payable after one year		 2024
£
5,556
485
-
5,483
11,524
2024
£
31,482
2024
£
37,038
5,556
31,482
37,038		 2023
£
5,556
35
1,704
3,656
10,951
2023
£
37,037
2023
£
42,593
5,556
37,037
42,593

The Bounce Back loan which the charity has taken in the previous years has no security over it, as this is a government backed loan with the government guaranteeing 100% of the loan value. It is repayable over 10 years.

19. LEASING AGREEMENTS

At the reporting end date the charity had uncancellable lease commitments of £3,485 (2023: £5,575).

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted
funds
funds
£
£
Fixed assets
561,253
-
Current assets
104,607
104,616
Current liabilities
(11,524)
-
Long term liabilities
(31,482)
-
622,854
104,616		 2024
Total
funds
£
561,253
209,223
(11,524)
(31,482)
727,470		 2023
Total
funds
£
590,866
161,191
(10,951)
(37,037)
704,069

Page 14

continued...

The Ecology Centre

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS - continued

Comparatives for analysis of net assets between funds

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Fixed assets 590,866 - 590,866 604,831
Investments - - - 3
Current assets 100,390 60,801 161,191 158,572
Current liabilities (10,951) - (10,951) (17,615)
Long term liabilities (37,037) - (37,037) (42,593)
643,268 60,801 704,069 703,198

21. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated Fund
Restricted funds
Community Biodiversity Works
Reforesting Scotland
R S McDonald
Action Earth
Food Insecurity Group
Hubbub Foundation
Mushroom Trust
Outdoor Community Play
WWF UK
Fife Environment Trust
FVA Supported Volunteers
Nature Save
New to Nature
Woods for Wellbeing
Woods for Wellbeing Family
National Lottery
Cycling Scotland
Opportunities Fife Partnership
Outdoor Community Play - Thrive
TOTAL FUNDS		 Net
movement
At 1/7/23
in funds
£
£
52,402
10,502
590,866
(29,613)
643,268
(19,111)
551
(551)
372
(372)
1,565
(1,565)
-
(32)
3,105
(2,655)
2,555
(2,555)
199
-
4,856
(4,856)
-
3,774
2,374
-
13,841
3,029
919
(1,689)
449
(1,599)
3,813
(3,813)
7,310
(7,310)
18,892
1,944
-
20,122
-
37,314
-
3,326
60,801
42,512
704,069
23,401		 Transfers
between
funds
£
(1,303)
-
(1,303)
-
-
-
32
(450)
-
(199)
-
-
-
-
770
1,150
-
-
-
-
-
-
1,303
-		 At
30/6/24
£
61,601
561,253
622,854
-
-
-
-
-
-
-
-
3,774
2,374
16,870
-
-
-
-
20,836
20,122
37,314
3,326
104,616
727,470

Page 15

continued...

The Ecology Centre

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

21. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated Fund
Restricted funds
Community Biodiversity Works
Reforesting Scotland
R S McDonald
Action Earth
Food Insecurity Group
Hubbub Foundation
Outdoor Community Play
WWF UK
FVA Supported Volunteers
Nature Save
New to Nature
Woods for Wellbeing
Woods for Wellbeing Family
National Lottery
Cycling Scotland
Opportunities Fife Partnership
Outdoor Community Play - Thrive
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
98,776
(88,274)
10,502
-
(29,613)
(29,613)
98,776
(117,887 )
(19,111)
-
(551)
(551)
-
(372)
(372)
-
(1,565)
(1,565)
250
(282)
(32)
-
(2,655)
(2,655)
2,000
(4,555)
(2,555)
4,856
(9,712)
(4,856)
65,519
(61,745)
3,774
21,652
(18,623)
3,029
-
(1,689)
(1,689)
9,594
(11,193)
(1,599)
-
(3,813)
(3,813)
-
(7,310)
(7,310)
47,088
(45,144)
1,944
20,122
-
20,122
91,975
(54,661)
37,314
4,856
(1,530)
3,326
267,912
(225,400 )
42,512
366,688
(343,287 )
23,401

Page 16

continued...

The Ecology Centre

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

21. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Fund
Restricted funds
Scottish Police Authority
Community Biodiversity Works
Reforesting Scotland
Ground Maintenance
R S McDonald
Business Gateway
Burntisland & Kinghorn Rotary
Cares
Food Insecurity Group
Hubbub Foundation
Kinghorn in Bloom
Mushroom Trust
Outdoor Community Play
Fife Environment Trust
FVA Supported Volunteers
Nature Save
New to Nature
Woods for Wellbeing
Woods for Wellbeing Family
National Lottery
TOTAL FUNDS		 Net
Transfers
movement
between
At
At 1/7/22
in funds
funds
30/6/23
£
£
£
£
54,440
(26,112)
24,074
52,402
604,040
(3,596)
(9,578)
590,866
658,480
(29,708)
14,496
643,268
780
(780)
-
-
2,784
(2,233)
-
551
425
(53)
-
372
3,019
(3,019)
-
-
2,583
(1,018)
-
1,565
-
3,000
(3,000)
-
200
(200)
-
-
2,276
9,220
(11,496)
-
9,350
(6,245)
-
3,105
415
2,140
-
2,555
78
(78)
-
-
-
199
-
199
4,625
231
-
4,856
-
2,374
-
2,374
-
13,841
-
13,841
-
919
-
919
-
449
-
449
-
3,813
-
3,813
-
7,310
-
7,310
18,183
709
-
18,892
44,718
30,579
(14,496)
60,801
703,198
871
-
704,069

Page 17

continued...

The Ecology Centre

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

21. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated Fund
Restricted funds
Scottish Police Authority
Community Biodiversity Works
Reforesting Scotland
Ground Maintenance
R S McDonald
Business Gateway
Burntisland & Kinghorn Rotary
Cares
Food Insecurity Group
Hubbub Foundation
Kick Start
Kinghorn in Bloom
Mushroom Trust
No One Left Behind
Outdoor Community Play
WWF UK
Cash for Kids, Bauer Radio
Community Food Growing
FC Climate Action
Fife Environment Trust
FVA Community Warm Spaces
FVA Supported Volunteers
Greener Kirkcaldy
Nature Save
New to Nature
NL Community Anchor
Paths for all
Rural & Island Communities Ideas into
Action
Scottish Community Fund
VM Action Earth
Warburtons
Wills Charitable Trust
Woods for Wellbeing
Woods for Wellbeing Family
National Lottery
TOTAL FUNDS		 Incoming
resources
£
Resources
expended
£
Movement
in funds
£
96,913
(123,025 )
(26,112)
-
(3,596)
(3,596)
96,913
(126,621 )
(29,708)
-
(780)
(780)
-
(2,233)
(2,233)
-
(53)
(53)
-
(3,019)
(3,019)
10,057
(11,075)
(1,018)
3,000
-
3,000
-
(200)
(200)
9,340
(120)
9,220
8,000
(14,245)
(6,245)
5,728
(3,588)
2,140
5,221
(5,221)
-
-
(78)
(78)
560
(361)
199
9,827
(9,827)
-
9,480
(9,249)
231
58,334
(58,334)
-
1,350
(1,350)
-
1,450
(1,450)
-
3,954
(3,954)
-
4,383
(2,009)
2,374
2,500
(2,500)
-
22,011
(8,170)
13,841
500
(500)
-
2,000
(1,081)
919
9,594
(9,145)
449
19,363
(19,363)
-
1,500
(1,500)
-
17,542
(17,542)
-
1,000
(1,000)
-
250
(250)
-
400
(400)
-
1,000
(1,000)
-
21,914
(18,101)
3,813
9,185
(1,875)
7,310
56,839
(56,130)
709
296,282
(265,703 )
30,579
393,195
(392,324 )
871

Page 18

continued...

The Ecology Centre

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

22. RELATED PARTY DISCLOSURES

During the year, the charity received a grant of £5,000 (2023: £nil) from ScottishPower. a trustee of the charity, is employed by ScottishPower. The trustee declared their interest to the Board of Trustees and did not participate in decisions regarding the grant application or acceptance.

23. PURPOSE OF FUNDS

The designated funds relate to the land and buildings that The Ecology Centre operates

from. Scottish Police Authority, Install of fencing around tunnels.

Community Biodiversity Works, Funding for development of the site and its facilities.

Reforesting Scotland. Reforesting Scotland provided funding for the purchase of an iPad for the centre, helping staff and volunteers to minimise the use of paper and reduce the centre’s carbon footprint.

Ground Maintenance. Private Donations towards employment of grounds staff.

R.S. McDonald Trust. R.S. MacDonald Charitable Trust provided funding to develop our new dementia-friendly tool shed sessions.

Business Gateway. Funding used for Covid support.

Action Earth. To provide volunteer service for people with support needs

Burntisland & Kinghorn Rotary. Grant to award the development of the Queens Tree Planting

Cares. Funding to install Air to Air Heating System and additional solar panels.

Fife Environment Trust. Match Funding for Heating, Solar Panels and Pond restoration project

Food Insecurity Group. Funding to support Community Fridges and Volunteer Lunches

FVA Mental Health & Wellbeing. Funding to run a supported volunteering group across the site

Hubbub Foundation. Funding to set up Community Fridge

Kinghorn in Bloom Funding towards plants and trees.

Mushroom Trust Funding for Signage around the site.

Outdoor Community Play Funding to run outdoor play sessions across Fife.

WWF UK. Funding toward the Restoration Forth project, focusing on Seagrass, Shellfish and citizen science.

National Lottery, support to pay staff wages.

FVA Supported Volunteers. To staff and run a volunteer day weekly for those with more complex support needs on site with the aim of improving their physical and mental well-being.

Nature Save. To purchase timber required for shipping crates for tools for Malawi project for tool shed. To contribute to tool shed overheads.

New to Nature. To provide salary and training for a 1 year contract for a trainee gardener to learn and co-ordinate activities in the market garden.

Woods for Wellbeing. Funding to staff and deliver 3 blocks of 10 week woods for well-being including participants gaining a FOLA 4 qualification and improving their physical and mental well-being.

Cycling Scotland. To create a lasting legacy of improved cycling infrastructure and facilities in the local area.

Page 19

continued...

The Ecology Centre

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

23. PURPOSE OF FUNDS - continued

Opportunities Fife Partnership. Gives Volunteers the opportunity to gain confidence and break barriers to look for employment opportunities.

Outdoor Community Play - Thrive. To provide and run outdoor play sessions across Fife.

Page 20