Charity registration number SC029869 (Scotland)
NEWTON STEWART INITIATIVE
scio
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

NEwfoN STEWART INITIATIVE
scio
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Charity number (Scotland)
SC029869
Key Management Personnel
Principal address
Newton Stewart Centre
Church Street
Ne￿on Stewart
DG8 6ER
Independent examlner
Montpelier Professional (Galloway) LimFted
1 Dashwood Square
Newton Stewart
DG8 6EQ
Bankers
Virgin Money
43 Alloway Street
Ayr
KA7 1SP

NEWTON STEWART INITIATIVE
scio
CONTENTS
Page
Trustees, report
Stalement of trustees, responsibilities
Independent examinevs report
ststement of financial a¢tivtties
Balance sheet
Notes to the financial 5tstements
9-20

NEWTON STEWART INITIATIVE
scio
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance wtth the accounting policies set out in note 1 to the
financial statements and comply wth the Charity's constitution, the Charities and Trustee Investment (Scotland) Act
2005, the Charib'es Accounts (Scotland) Regulations 2006 (as amended) and "A¢counting and Reporting by
Charities.- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January
2019}.
Objectives and activities
The Charity's aim is the advancement of community development (including the advancement of rural regeneration)
wtthin the community.
The Charity's objects are..
Develop opportunities for an inclusive Community which can ¢ater for all needs.
Advance community wellbeing encompassing both physical and mentally stimulating which includes
tsGkling loneliness.
Provide a resilience service to the communty.
Promote and engage in environmental activities.
It is our vision that NSI will bring together the aspirations, enthusiasm, skills and experience of the people of Newton
Stewart to Greate the vehicle of Ghange that will see our town revitali5ed and turned into a town that is growing in
prosperity.
Public benefrf
The trustees have referred to the guidance contained in the Office of the Scottish Charity Regulator's general
guidance on public benefit when reviewng their obje¢tives and in planning their future activities. In particular, the
trustees Consider how planned activities will contribute to the objectives they have set
Grdnt making policy
The charity also distributes small grants to local groups, organisations and individuals from funds which has been
generated through the Initiative's Community Shop.

NEWTON STEWART INITIATIVE
scio
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achlevements and parfomiance
Signrficant activities and 8chievemenls against objectives
Ne￿on Stewart Inrtiative has continued to focus on several projects this year whilst also Completing a couple of
ongoing projects. The Local Place Plan was signed off by D8G Council in September 2024. The Changing Places
Toilet has been completed and is now under the ownership of NSI. We have Continued to use Vibe 75 as
community hub and are in the process of applying for planning permission for the renovallon which will allow a Ilft
and reconstruction of the first floor which will become a dedicated youth space.
We continue to try to secure funding for the Grapes Hotel Project, to convert the ground floor into a larger
community shop and sorting room and the upper floors into four affordable housing units. The funding environment
has become increasingly ¢ompetitive and although we have encountered a few sts'cking points we continue to
engage with planning. SEPA and funders to overcome them.
Our Community Asset Transfer Stage 2 for the Old Town Hall (clock building) has been approved by Wigtown Area
Committee. NSI have requested a 25 year lease on the building at £1 per year with a lon*term aim of purchasing
the building. This building wll become a Community Information Hub for residents and visrtors alike and will become
Newton Stewart Initiatives Administration OffiGe.
The NSI Youth Work Project, developed in partnership with Dumfries and Galloway Councils Youth Work Team, has
grown over the past yeer, with the addition of Matthew Robinson as part time Youth Work Ctrordinator, and
continues to build on the strong partnership between the groups. Our Young Youth Worker programme, which
began in 2023, is now on its third cohort of 16-18 year olds who work closely wtth younger people through
or9anised groups and activities and detached youthwork.
Happy Daze Project, set up by our trustee
eltvers a monthly group for the older residents in town and
ontinues to develop with outreach work, visiting local care homes and day centres. Future Builders from
join them every month to provide teas, coffees and light refreshments encouraging intergenerational
relationships
The Newton Stewart Communty Shop. managed by truste￿ continues to address needs within the
community, providlng high quality reuseable goods at afft)rdable prices, giving away free school unifonns to families
in need and building our volunteer base through which we are addressing social isolation Issues and offering work
experience to a range of people. 11 works closely with the other charity shops in town too. The Comrrnjnity Shop Is
the cornerstone of the organisation bringing in a regular income which will Sustain the Initiative for years to come.
The Inltlative continues to keep the community involved through updating the NSI website and sharing events and
servi￿5 through the Newton Stewart. Org webstte.
A bi-annual fyer, vthich is delrvered to every DG8 postcode in March and October began in October 2024 and is
organised by our trustee,
We have expanded our staff team this year from ￿ part tlme staff to four. in¢reasing employment opportuniti'es and
increasing our Capacity to delivef the projects needed for our Community and will be looking to expand fijrther later
this year. We have seven twstees who are committed and dedicated to supporting the Initiative in the work it does.
Chairman, Newton Stewart Initiative
Financial review
The charity had another large increase in in grant fvnding during the year a$ a consequence of the restricted
funding as detailed in note 18 of the financial statements. Hall hire income has increased, however unfortunately
the charty shop income reduced.
The chartty had net movement in funds deficlt of £78,518 {2024". surplus £61,942)
At the year end there were unrestricted fvnds of £51,128 and restricted funds of £38,286

NEwfoN STEWART INITIATIVE
scio
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Reserves polry
It Is the policy of the Charity that unrestricted funds not invested in fixed assets and which have not been designated
for a specific use should be maintained at a level equivalent lo six month's unrestricted expenditure, estimated at
£20,000. The trustees Considers that reserves at this level will ensure that, in the event of a significant drop in
fijnding, they will be able to continue the Charity's current activities while consideration is given to ways in which
additional funds may be raised. This level of reserves has been maintained and exceeded (£28,427) throughout the
year. The trustees are comfortable with this position.
Investment policy
Under the constitution, the charty has the power to make investments which the trustees see for the furtherance of
the objeclives of the charity.
Major risks
The trustee8 have assessed the major risks to which the Charty is exp03ed, and are sat15fied that systems are in
place to mitigate exposure to the major risks.
Plans for fiituro p•riods
The future plans of Newton Stewart Initiative are:
To continue our successful delivery of youth work in partnership wrth other organisations.
To Continue supporting the community wllh projects through advice and support.
To continue working on the purchase and renovation of the Grapes Hotel.
To continue planning and delivering community events.
To grow our membership.
To tum the Old Town Hall into a central community infomiation hub
Structure. govemance and management
The Charity is a Scottish Charitable Incorporated Organisation, having converted from a limited company on 25
March 2021. The charity is govemed by its constitution.
The trustees who served durin
cial statements were:
eGrui
men
an
appointmenl of tmstees
The trustees are elected from the members and are appointed in accordance wilh the temis of the constitution.
Their induction is handled by existing trustees, and involves discussions in respect of the Current and future
activities of the organisation and a review of the accounts and trustee mlnutes.
The charity's strategy and objectives are set and revlsed by the trustees.

NEWTON STEWART INITIATIVE
scio
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees. report was approv8d by the 8oard of Trustees.
Trust•e
Date:

NEWTON STEWART INITIATIVE
scio
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees are responsible for preparing the Trustees, Report and the financial statements in accordan￿ with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in Scodand requires the trustees to prepare financial statements 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 resources of the Charity for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently,.
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 statements. and
prepare the financial statements on the going Concem basis unless it is inappropriate to presume that the Charity
Wtll continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any
time the financial position of the Charty and enable them to ensure that the financial ststements comply with the
Charities and Trustee Investment (Scotland) Act 2005, the Charrties Accounts (S¢otland) Regulations 2006 and the
provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for
tsking reasonable steps for the prevention and detection of fraud and other irregularities.

NEWTON STEWART INITIATIVE
scio
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NEwfoN STEWART INITIATIVE
I report on the financial statements of the Charity for the year ended 31 March 2025, which are s& out on pages 7
to 20.
Respective responsibilities of trustees and examiner
The Charty's trustees are responsible for the preparation ofthe financial statements in accordance with the temis of
the Charltles and Trustee Investment {Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
The Charity trustees consider that the audit requirement of Regulation 10(1)(aF(c) of the Charrties Accounts
(Scodand) Regulations 2006 does not apply.
It is my responsibility to examine the financtal statements as required under section 44(1)(c) of the Charities and
Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention.
Basis of Independent examlnerfs statement
My examination was carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An
examination indudes a revlew 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 accounls
and seeking explanations from you as trustees Goncemlng 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 examinarfs stst8ment
Since the Charity has prepared its financial statements on an accruals basis and is also registered in Scotland, the
independent examiner must be a member of a body listed in Regulation 11 (2) of Ihe Charities Accounts (Scotland)
Regulations 2006. 1 confirm that l am qualified to undertake the examination because l am a member of Chartered
Accountants Ireland, which is one of the listed bodies.
In the course of my examination, no matter has come to my attention
1. which gives me reasonable ¢ause to believe that in any material respect the requirements:
to keep accounting records in accordance with Section 44(1)(a) of the Charrties and Trustee Investment
(Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006 and
to prepare financial statements which accord with the accounting records and comply with Regulation 8 of
the Charities Accounts (Scolandl Regulations 2006
have not been met, or
2. to which, in my oplnion, attents'on should be drawn in order to enable a proper understanding of the finanaal
statements to be reached.
hartered Accountsnts Ireland
Montpeller Professional (Galloway) Lirnited
1 Dashwood Square
Newton Stewart
DG8 6EQ
Date".

NEWTON STEWART INITIATIVE
scio
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unr8Strictsd Restricted
funds
funds
2024
2024
Totsl
2025
Notes
2024
Income from:
Donations and legacies
Charrtable activities
Other trading activities
386
7.667
34,433
250,033
4,823
1,092
250,419
12,490
35,525
200
8,282
40,507
142,028
948
1,544
142,228
9,230
42,051
Total income
42,486
255,948
298,434
48,989
144,520
193,509
Expenditure on:
Raising funds
Charitable activities
2,433
48,401
2,433
374,519
4.375
39,924
326,118
465
86,803
4,840
126,727
Total expenditure
50,834
326,118
376,952
44,299
87,268
131,567
Net incomel(expenditure)
(8,348)
(70,170)
(78,518)
4,690
57,252
61,942
Transfers be￿een
funds
1,539
(1,539)
2.609
(2,609)
Net movement in
funds
10
(6,809)
(71,709)
{78,518)
7,299
54,643
61,942
Reconciliation of funds.
Fund balances at 1 April 2024
57,937
109,995
167,932
50,638
55,352
105,990
Fund balances at 31 March
2025
51,128
38,286
89,414
57,937
109,995
167.932
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

NEwfoN STEWART INITIATIVE
scio
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
14
22,701
19,930
Current assets
Debtors
Cash at bank and in hand
15
4,281
67,830
5.803
147,144
Creditors: amounts falling due within
one year
72,111
152,747
16
(5,398)
(4,745)
Net current assets
66,713
148,002
Total assetsloss CUTrgnt liabilitie8
89,414
167,932
The funds of the Charlty
Restricted income funds
Unrestricted funds
18
19
38,286
51,128
109,995
57,937
89,414
167,932
The financial statements were approved by the trustees on
rusteo
Trustee

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
Newton Stewart Initiative is a Scottish Charitable Incorporated Organisation.
1.1 Accounting convention
The financial ststements have been prepared in accordance with the Charity's constitution, the Charities and
Twstee Investment (Scoland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended)
FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. ('FRS 102.} and
the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice appliGable
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). The Charity is a Public Benefit Entity as
defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for Gharities not to prepare a Statement of
Cash Flows.
The financial ststements are prepared in sterfing, which is the fun¢tional currency of the Charity. Monetary
amounts in these financial statements a￿ rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concem
At the time of approving the financial statements. the trustees have a reasonable expectation that the Charty
has adequate resources to continue in operational existence for the foreseeable future. Thus the trLL8tees
continue to adopt the going concem basis of accounting in preparing the finanGial statements.
1.3 Charitable funds
Unrestrrcted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restrrcted funds are set out in the notes to the financial statements.
Endowment funds are subject to spe¢rfic Gondttions by donors that the cApital must be maintained by the
Charity.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any perfomiance Conditions have been
met, the amounts can be measured reliably, and it is probable that in¢ome will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified
of the donation, unless perfomance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or othe￿iSe if the Charity has been notrfied of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
1.5 Expendlture
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of
any VAT which cannot be recovered.

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued}
1.6 Tangible fixed ass8ts
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the followng bases..
Freehold land and buildings
Plant and equipment
nil as estimated realisable value greater than book value
200A reducing balance
The gain or loss arising on the disposal of an asset is detemiined as the drfference be￿een the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fjxed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (rf any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other 5hort-temi liquid
investments WFth orrginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Qther Financial Instruments Issues, of FRS 102 to all of tts financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes paty to the
Contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised Gost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
10-

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Basic financial liabllities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities Glassifjed as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course ot
operations from suppliers. Amounts payable are classified as current liabilities if payment is due wtthin one
year or less. If not, they are presented as non-current liabilities. Trade creditors are reGognised initially at
transaction price and subsequendy measured at amortised c05t using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entrtlement is recognised in the period in which the employee's seNices are
reGeived.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
to terminate the employment of an employee or to provide temiination benefits.
1.11 Retirement benefits
Payments to defined contrtbution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimates and judgements
In the application of the Charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carying amount 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 dtffer from these estimates.
The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects ￿lY that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted R8strlcted
funds
funds
2024
2024
Total
2025
2024
Donations and gifts
Grants
386
2,074
247,959
2,460
247,959
200
127
141,901
327
141,901
386
250,033
250,419
200
142,028
142,228
11

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
InGorne from donations and legacies
(Continued)
Unrestrlcted Restrlcted
funds
funds
2025
2025
Totsl Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Donations and glfts
Donations
The Plunkett Foundation
136
250
2,074
2,210
250
200
127
327
386
2,074
2,460
200
127
327
Grants receivable for corè activities
Foundation Scotland
National Lottery
Community Fund
D&G Council
The Architectural Heritage
Fund
The Holywood Trust
Cash for Kids
Midland Hex
Scottish Land Fund
Regional Food Fund
Galloway Association of
Glasgow
Uplift Com Fund
Tesco Groundwork
BSA British Science
7,328
7,328
20,000
20,000
98,926
71,340
98,926
71,340
15,500
14,842
15,500
14,842
4,800
12,500
4,877
4.800
12,500
4,877
85,554
85,554
500
500
21,171
791
21.171
791
791
791
2,439
775
500
500
500
2,439
775
500
500
500
Stranoch Wind Farm
Rural Housing Fund
Third Sector D&G
The Robertson Trust
3,000
10,000
4,726
8,500
3,000
10,000
4,726
8,500
247,959
247,959
141,901
141,901
Income from charltable activities
Unrestricted Restricted
funds
funds
2025
2025
Totsl UnrestrSctsd Restrlctsd
funds
funds
2024
2024
Totsl
2025
2024
Charttable incomè
Hall hi
7,667
4,823
12.490
8,282
948
9,230
12-

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from other trading activltses
Unrestricted Restricted
funds
nds
2025
2025
Totsl Unrestricted Restricted
funds
funds
2024
2024
Totsl
2025
2024
Fundraising events
Shop income
1,820
32,613
1,092
2,912
32,613
1,967
38,540
1,544
3,511
38,540
Other trading adivities
34,433
1,092
35,525
40,507
1,544
42,051
Expenditure on raising funds
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restrictsd
funds
funds
2024
2024
Total
2025
2024
Fundraising and publicity
Staging fundraising
events
Advertising
834
1,599
834
1,599
2,917
1,458
2,917
1,923
465
2,433
2,433
4,375
465
4,840
13-

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitsble activities
Direct costs DI￿¢t costs
2025
2024
Direct costs
Staff costs
Donations
Other direct expenses
74,966
7,100
229,463
51,077
2,150
40,769
311,529
93,996
Grant funding of activities (see note 8)
3,250
Share of support and governance costs (see note 9)
Support
Govemance
58,130
4,860
23,330
6,151
374,519
126,727
Analysis by fund
Unrestricted funds
Restricted funds
48,401
326,118
39,924
86,803
374,519
126,727
Grants payable
Direct costs
2024
Grants to institutions=
Chistmas Lights Group
3,250
3,250
14-

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support Costs allocated to activltles
2025
2024
Depreciation
Rent
Postsge & stationery
Miscellaneous
Electricity
Telephone
Repairs & renewals
Rates
Insurance
Bank charges
Govemance costs
1,696
5,060
5,922
9,404
7,516
3,780
12,655
491
686
{109)
15,889
1,003
1,474
3,463
5,464
2,723
8,068
1,135
6,151
62,990
29,481
Analysed between:
Direct costs
62,990
29,481
2025
2024
Governance costs comprise:
Accountancy
Legal and professional
3,045
12,844
1.320
4,831
15.889
6,151
10 Net movement in funds
2025
2024
The net movement in fvnds is stated after ¢hargingl{crediting):
Fees payable for the independent examination ofthe charity's financial
statements
Depreciation of owned tangible fixed assets
3,045
1,696
1,320
1,003
11 Trustees
None of the trustees (or any persons ¢onne¢ted with them) received any remuneration, benefits or
reimbursement of expenses from the Charity during the year.
No expenses were paid to Trustees during the year, nor the previous year.
The charity has Trustee Liability Insurance in place.
15-

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Employees
The average monthly number of employees during the year was..
2025
Number
2024
Number
Project workers
Cleaner
Total
10
Employment costs
2025
2024
Wages and salartes
other pension costs
74,837
129
50,812
265
74,966
51,077
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
The Gharity considers that its key management personnel comprises of the twstees, the Project Support
Worker and in 2024 only, the Business Development Manager. The total employment benefits including
employers National Insurance and employer pension contributions of the key personnel were £12,642 (2024..
£23,891).
13 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
16-

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Tangible fixed assets
Freehold land
and buildlngs
Plant and
equipment
Total
Cost
At 1 April 2024
Additions
15,919
6,915
4,467
22,834
4,467
At 31 March 2025
15,919
11,382
27,301
Depreciation and impaimient
At 1 April 2024
Depreciation charged in the year
2,904
1,696
2,904
1,696
At 31 March 2025
4,600
4,600
Carrying amount
At 31 March 2025
15,919
6,782
22,701
At 31 MarGh 2024
15,919
4,011
19,930
15 Debtors
2025
2024
Amounts falling due within one year:
Trade debtors
Other debtors
4,281
(397)
6,000
4,281
5,603
16 Creditors: amounts falling due within one year
2025
2024
Trade creditors
other Greditors
Accruals and defe￿ed income
3,120
378
1.900
3,645
1,100
5,398
4,745
17 Retirement benefit schemes
2025
2024
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
129
265
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Charity in an independently administered fund.
17-

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 April
2024
Incoming
resources
Resources
expended
Transfers At 31 March
2025
Douglas Park Project
Fomier Grapes Hotel
Vibe 75 (Cinnamon)
Youth Work
Staff - grant funded
Place Plan
Business development
Long Temi Condition Activities
Green Fayre
Events
25th Anniversay Celebrations
72,449
134,519
35,971
17.139
51,341
8,500
(201,019)
(35,970)
(11,256)
(55,769)
(12,808)
{1,218}
(5,000)
5,949
2,134
20,984
12,019
1.842
8,017
15,017
7,711
624
(1,539)
5,000
567
567
400
400
2,328
750
(2,328)
{750)
109,995
255,948
(326,118)
(1,539)
38,286
Previous year:
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
Douglas Park Project
New Community Facility Proje
Vibe 75 (Cinnamon)
Christmas lights
Youth Work
Staff - grant funded
Place Plan
Long Term Condition Activities
35,594
938
73,208
(36,353)
72.449
(938)
(904)
6,439
3,250
39,623
20,000
2,000
(3,402)
<3,250)
(36,124)
(7.981)
{158)
2,134
18,253
(768)
20,984
12,019
1,842
567
567
55,352
144,520
(87,268)
(2,609)
109,995
18-

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Restricted funds
(Continued)
Douglas Park Project- funding this year was for the Inclusive Play Park, and for the Changing Places toilets.
Fomier Grapes Hotel - The restoration of the Grapes Hotel
Vibe 75 (Cinnamon) - towards equipment and running costs for the Vibe 75 facility. The transfer relates to
capital expenditure.
Youth Work - Funding from The Holywood Trust and Awards for All towards youth work, including games,
trips, equipment etc. The transfer relates to Gapital expenditure.
Staff - Grant Funded - towards the salary costs of the Business ManagerlProject Worker covered by the
Kilgallioch CBF.
Place Plan
the local place plan fund was spent on printing and designing draft copies of the Ipp for
consultation and final copies for the town.
Business Development - towards the creation of an organisational business plan focused on staffing so that
stage could be applied for.
Long Term Conditions Activities
Newton Stewart Initiative received a donation from Building Healthy
communities for any project or group which supports people with a long-term condition or illness. We have
spent a small part of this on supporting a group with centre fees. This group supports people with a long-
lasting mental health issue.
Green Fayre - towards the running of the Green Fayre.
Events - provided towards the printing Gosts for the event newsletter.
25th Anniversary celebrations - towards the running of the 25th anniversary celebrations.
New Community FaGilty Project- previous funding from Investing in Ideas towards a new community building
for Newton Stewart. The transfer represents movement to the Vibe 75 fund, which is a new communty facility.
Christmas Lights- towards the purchase of Chrislmas Lights for the town display in Newton Stewart.
19 Unrestricted funds
The unrestricted funds of the charrty comprise the unexpended balanrRs of donations and grants which are
not subject to specific Conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestrrcted funds by the trustees for specrfic purposes.
At 1 April
2024
Incoming
resources
Resources
expended
Transfers At 31 March
2025
General funds
57,937
42,486
(50,834)
1,539
51,128
Previous year:
At 1 April
2023
Incoming
resources
R8sour¢es
expended
Transfers At 31 March
2024
General funds
50,638
48,989
(44,299)
2,609
57,937
19-

NEWTON STEWART INITIATIVE
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Analysis of net assets between funds
Unrestricted
funds
2025
Restrictsd
funds
2025
Total
2025
At 31 March 2025..
Tangible assets
Current assetsl{liabilities)
22,701
28,427
22,701
66,713
38,286
51,128
38,286
89.414
Unrestricted
funds
2024
Restricted
funds
2024
Totsl
2024
At 31 March 2024:
Tangible assets
Current assetsl(liabilities)
19.930
38,007
19,930
148,002
109,995
57,937
109.995
167,932
21 Related party transactions
There were no disclosable related paty transactions during the year {2024 - none).
-20-