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2026-03-31-accounts

LOFT YOUTH PROJECT FINANCIAL STATEMENT 31 MARCH 2026

Charity Number: SC033680 LOFT YOUTH PROJECT SCIO

1

LOFT YOUTH PROJECT SCIO

FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026

CONTENTS
Members of the Board and professional advisors 3
Trustees Annual Report 4
Independent examiner’s report to the trustees 11
Statement of Financial Activities 12
Balance sheet 13
Notes to the financial statement 14
The following pages do not form part of the financial statements
Detailed statement of financial activities 22

2

LOFT YOUTH PROJECT SCIO

MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS

Registered charity name Loft Youth Project SCIO
Charity Number SC 033680
Address Seafield Arms Lane
Langstane Lane West
Mid Street
Keith
AB55 5AF
Trustees Esther Green, Chair
Tracy Bremner, Treasurer
Fiona Addison. Vice-Chair
Kyle Milne
Independent examiner J.I. Campbell
5 Cameron Terrace
Hopeman
IV30 5SW
Bankers TSB (closed account 20/8/25)
99 Rosehill Drive
Aberdeen
AB24 4JS
Virgin Money (Opened 11/9/25)
161 Mid Street
Keith
AB55 5BL
Solicitors Stephen & Robb
163 Mid Street
Keith
AB55 4AL

3

LOFT YOUTH PROJECT SCIO

TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2026

OBJECTIVES AND ACTIVITIES

The Loft Youth Project is for all young people between the ages of 10 and 18 residing in the areas of Keith and Strathisla or who are connected through social networks or employment. The Loft Youth Project aims to provide a safe and welcoming environment in which young people are encouraged to learn, grow and meet challenges when appropriate. This is done by providing:-

The main aims of the organisation are to:-

  1. Provide a safe and secure drop-in opportunity alongside a programme encompassing a range of activities to match needs and age. This work is developed and agreed by and for the young people.

  2. Provide a range of wider educational and learning opportunities to increase the skills, confidence, employability and self-esteem of young people

  3. Improve the quality of life of young people in Keith and surrounding areas by providing support and guidance for young people that are having specific issues or difficulties

  4. Support young people to identify needs and opportunities regardless of financial or social circumstances including the rural dimension

  5. Establish training activities which help support the Loft organisation

  6. Remain intrinsic to the social and economic regeneration of the area

4

Achievements and Performance to 31 March 2026

The Loft Youth Project continues to deliver its services out of one property, The Loft, which is centrally located in Keith and is wholly owned by the charity.

The Loft Youth Project is a one-stop shop for young people in Keith and the rural Strathisla areas, offering a variety of activities, volunteering opportunities, training and accreditation. The activities offered are vocational and diversionary which allow young people to participate at their own level within their own community.

Our core activities focus on the development of small group work as requested by the young people themselves and further general sessions for the younger age range, opening the building more frequently and at times that suit the needs of the young people.

Our work concentrated on supporting and maintaining the relationships with our young people. Having the Loft is a safe environment and a positive, supportive space for our young people. We offered a full programme of activities and group-specific approaches.

The need to provide holiday provision continues to be an important part of our work, particularly to combat ‘holiday hunger’ .

Emotional and behavioural issues which developed as a result of the trauma and isolation experienced by our young people during lockdown continue to be prevalent and we continue to provide a bespoke approach for different groups of young people in an attempt to meet their needs in a way that manages post-Covid experiences and still focuses on their ongoing development.

We have maintained continuity by offering single gender clubs, school refusers, small group and one-to-one working.

The majority of the hard-to-reach young people have been referred to us by Keith Grammar School’s guidance department.

The cost-of-living crisis has impacted on many of our stakeholders and responding to this has been a key theme in the review period. This affects at least 90% of the families in our catchment area.

– We continue to offer a variety of cooking/baking activities that support zero waste targets and feeding our young people and their families at the same time. It also provides our young people valuable life skills. This works well for our young people coming from hardship homes and has made great use of our kitchen facilities, teaching a range of skills from food handling and hygiene, to cooking, nutrition and budgeting.

The sessions included winter cooking events making hot and tasty dishes to share.

We have retained our young person after the MERI scheme as a fully trained youth worker.

We ran Easter, Summer and October holiday programmes to combat ‘ holiday hunge r’ with new activities like circus skills, street football and practical life skills in baking and cooking. There were other sports and craft activities too.

5

We have closed off days specifically to cater for the needs of ASN and families in deprivation, and adapted the holiday programme to specifically meet needs of these groups.

– A first for us was a summer camping trip to Spey Bay a great adventure, some kids who had never been out of the area joined us and we were well equipped for the outdoors! This was made possible thanks to funding branch of Children in Need and crisis funding to allow us to support a vulnerable family’s attenda nce through the provision of clothing.

Our groups continue to thrive and adapt to the needs of the users.

The LBGT group members have moved on to further education and employment so we have put the group on pause and will reactivate when the need arises.

Our new group Friday Fusion provides an outlet for secondary school pupils to gainfully spend their time when the school day finishes. This runs from 2-4pm and the young people are heavily involved in planning and mapping of the sessions.

Skills Development Scotland and their career adviser are not only renting our facilities but also working with us for young people 16 plus with no positive destination.

Volunteering opportunities now come with a training package, food and hygiene, first aid along with the Saltire Award.

An acting head teacher moving into role at Keith Grammar School in August 2025 saw us more actively engaged and connected. This was due to a fresh community-spirited approach which has reaped benefits.

For example, our youth worker went ‘back to school’ to train to be a trainer in barista skills with SQA Level 4 accreditation. This will enable him, in turn, to train our young people in barista making skills, with a focus on the 16 plus with no positive destination to build confidence, resilience and employability prospects.

Through this training, from May 2026 we will be able to provide them skills with first aid training, an employability award, food and hygiene certificate, and a positive partnership with the SDS careers adviser to support getting ready for the world of work.

In January, we were delighted to receive notification that The Loft Youth Project had been specially chosen for a Royal Visit in April 2026 by HRH The Duke of Edinburgh.

MFR Cash For Kids supported the Holiday Hunger project with a budget for food and activities and their team paid us a visit to see our young people in action. They were delighted that they were able to support us.

There have been welcome vouchers, goods and cash donations from supermarkets to support holiday hunger club, recognising the vital work that The Loft undertakes.

We had a hugely successful quiz night held at Keith Golf Club. The prize pot gained business sponsorship and the event was generously supported by businesses with prizes, and parents and the wider public who turned up and raised over £1000.

6

We continue to carry out outreach training on Friday evenings and during holidays by our youth workers.

THE BOARD

Our Board members continue to work as a strong team, making a valued input in terms of governance of the project.

They are a cohesive team, meeting regularly and having other touch points with the Loft manager as appropriate.

The Board supports, and leads, the Loft with drive, focus and vision.

FUNDING

In June 2025 we secured three years funding for Young Start for the Sessional Youth Work Team, supporting nine youth workers.

We submitted a dedicated report to Children in Need as a Year 1 review, this a three year funding stream until September 2027 to fund our project manager’s post.

Our funding supports all that we do to support all that the Loft offers young people in our community.

Principal funding sources for the period were:

Children in Need

Scottish Government

Keith Grammar School

Hill of Towie Windfarm Fund

Edintore Windfarm Fund

MFR Cash For Kids

Tesco

Asda

Kirby Engineering and Construction

CORA Foundation (Hardship Funding)

TSI funding streams

Other smaller amounts came from donations from the local community.

7

LOFT YOUTH PROJECT SCIO

TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 MARCH 2026

We continue to spend to invest in our young people, which in turn benefits their families and our wider community.

The Loft could never have achieved this level of opportunity across the whole spectrum of – young people who come to the project without the amazing support of our funders particularly CIN who pay for our project manager without which the doors would not even open.

In August, we had a major set-back when TSB closed our account without us being aware this was going to take place. A letter had been sent, but was never received, to say the type of charitable account we held was no longer being offered and that for that reason it was being closed.

The first we discovered the account had been closed was when the project manager was unable to make a card transaction purchase.

This was a crisis as it fell close to the end of the month when wages were due to be paid. The project manager covered the cost of the monthly wage bill from her own personal finances (this was later repaid).

A new account has been set up with Virgin Money and we have registered a complaint with the Financial Ombudsman. An update will be given in our next report.

PLANS FOR THE FUTURE

The Loft Youth Project will continue to work to the needs of our young people and the community where they live to:

8

FINANCIAL REVIEW

An overall profit for the year of £6,328 has increased the charit y’s net assets to £257,940.

RESERVES POLICY

It is the policy of the charity to maintain unrestricted general funds, which are the free reserves of the charity, at a level which are sufficient to cover management, administration and support costs.

The level of unrestricted funds held at the year-end was £58,075 (2025- £60,101)

The level of restricted funds held at the year-end was £199,865 (2025 - £191,511)

It is the policy of the charity that unrestricted funds which have not been designated for a specific purpose should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will en sure that, in the event of a significant drop in funding, 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 throughout the year.

PLANS FOR FUTURE PERIODS

We will be working to:

RESPONSIBILITIES OF THE TRUSTEES

The charity’s trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations

The law applicable to charities in Scotland 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). 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 charity and the income and expenditure of the charity for that period.

In preparing these financial statements, the trustees are required to:

9

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INDEPENDENT EXAMINER

J. I. Campbell, CA has been appointed as independent examiner for the ensuing year.

Signed on behalf of the trustees

Esther Green

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

E. Green Director

10

LOFr YoirrH PROJECT SCIO INDEPENDE￿ EXAMINEWS REPORTTOTHE TRUSTEES OF LOFfYouTH PROJEcr scio YEAR ENDED 31 MARCH 2026 I report on the accounts of the charity for the year ended 31A March 2026 set out on pages 12 to 20. RESPECTIVE RESPONSIBILrriES OF TRusfEES AND INDEPENDEKf EXAMINER The charitWs trustees are responsible for the preparation of the accounts in accordance wlth the terms of the Charities and Trustee Investment (Scotlandl Regulations 2006. The Ch3ritVs trustees consider that the audit requirement of Regulation 101(I) {al to {c) of the Accounts Regulations does not apply. It is my responsibility to state, on the basis of my examination as required under section 4411) Icl of the Act, whether particular matters have come to my attention. BASIS OF INDEPENDEKf LYAMINEWS STATEMEKr My examination is carried out in accordance with the Regulation 11 of the Charities Accounts (Scotlandl 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 astrustees concerning any such matter. 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 whetherthe accounts present a -true and fair vie￿. INDEPENDEKf EXAMINE￿5 STATEMEMr In connection with my examination, no matter has come to my attention: 111 Which gives me reasonable cause to believe that in any material respect the trustees have not met the requirementsto ensure that: Proper accounting records are kept in accordance with section 4411) lal of the 2005 Act and Regulation 4 of the 2(KJ6 Account5 Regulations: and Accounts are prepared which agree with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations; or (21 To which, in rny opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. J. l. Campbell. CA Independent Examiner li

LOFT YOUTH PROJECT SCIO

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2026

Note
INCOMING RESOURCES
Incoming resources from
generating funds:
Voluntary income
2
Activities for generating funds
3
Investment income
4
Other incoming resources
5
TOTAL INCOMING
RESOURCES EXPENDED
Costs of generating funds:
Costs of generating voluntary
income
6
Fundraising trading costs
7
Investment management costs
8
Charitable activities
9/10
Governance costs
11
Other resources expended
12
TOTAL EXPENDED
NET (OUTGOING)/INCOMING
RESOURCES BEFORE
TRANSFERS
13
Transfer between funds
14
NET (OUTGOING)/INCOMING
RESOURCES FOR THE YEAR
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
Funds
Restricted
Funds
Total
Funds
2026
Total
Funds
2025
£
£
£
£
803
107,467
108,270
95,777
2,730
-
2,730
3,160
796
-
796
834
~~-~~
~~-~~
~~-~~
~~-~~
4,329
107,467
111,796
99,771
-
(73,323)
(73,323)
(76,494)
(1,207)
-
(1,207)
(1,833)
-
-
-
-
-
(21,383)
(21,383)
(24,546)
(9,555)
-
(9,555)
(10,981)
-
-
-
-
(10,762)
(94,706)
(105,468)
(113,854)
(6,433)
12,761
6,328
(14,083)
4,407
(4,407)
-
-
(2,026)
8,354
6,328
(14,083)
60,101
191,511
251,612
265,695
58,075
199,865
257,940
251,612

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities.

12

LOFT YOUTH PROJECT SCIO

BALANCE SHEET

31 MARCH 2026

Note
FIXED ASSETS
Tangible assets
16
CURRENT ASSETS
Stocks
17
Debtors
18
Cash at bank and in hand
19
CREDITORS: Amounts falling due within one year
20
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS: Amounts falling due after more than one year
21
NET ASSETS
FUNDS
Restricted income funds
22
Unrestricted income funds
23
TOTAL FUNDS		 2026
2025
£
£
161,080
170,545
75
70
708
-
97,903
82,696
98,686
82,766
(1,826)
(1,699)
96,860
81,067
257,940
251,612
-
-
257,940
251,612
199,865
191,511
58,075
60,101
257,940
251,612

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

These financial statements were approved by the members of the committee on Wednesday 12[th] November 2026 and are signed on their behalf by:

Esther Green

………………………… Esther Green

13

LOFT YOUTH PROJECT SCIO

NOTES TO THE FINANCIAL STATEMENT

YEAR ENDED 31 MARCH 2026

1. ACCOUNTING POLICIES

Basis of Accounting

The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice “Accounting and Reporting by Charities” issued in March 2005 (SORP 200 5) and the charities and Trustee Investment (Scotland) Act 2005, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Donations

Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when receivable. The value of services provided by volunteers has not been included.

Grants

Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year which they are receivable.

Fund Accounting

All funds received are to be used for the specific purpose of running the Loft Youth Project, and are included in restricted funds.

Resources Expanded

Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

Fixed Assets

Tangible Fixed Assets

All fixed assets are initially recorded at cost. Items of equipment are capitalised where the purchase cost exceeds £100.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Property - 2% p.a. straight line Equipment - 15 to 25% p.a. reducing balance

Stocks

Stocks are valued at the lower of cost and net realizable value, after making due allowance for obsolete and slow-moving items.

14

LOFT YOUTH PROJECT SCIO

NOTES TO THE FINANCIAL STATEMENT

YEAR ENDED 31 MARCH 2026

2. VOLUNTARY INCOME

Donations
Misc. donations
BBC Children In Need
Other Funders
Other projects incl Covid Funding		 Unrestricted
Funds
Restricted
Funds
Total
Funds
2026
Total
Funds
2025
£
£
£
£
803
-
803
1,260
-
46,050
46,050
30,392
-
61,417
61,417
44,331
-
-
-
19,794
803
107,467
108,270
95,777

3. INCOMING RESOURCES FROM ACTIVITIES FOR GENERAL FUNDING

Hire of hall, kitchen & equipment
Fundraising
Snack bar sales
Provision of services
4. INVESTMENT INCOME
Bank Interest
5. OTHER INCOMING RESOURCES
Other Incoming Resources		 Unrestricted
Funds
£
-
1,070
1,660
-		 Total
Funds
2026
Total
Funds
2025
£
£
-
-
1,070
1,131
1,660
2,029
-
-
2,730 2,730
3,160
Unrestricted
Funds
£		 Total
Funds
2026
Total
Funds
2025
£
£
~~796~~ ~~796~~
~~834~~
Total
Funds
2026
Total
Funds
2025
£
£
-
-
-
-

15

LOFT YOUTH PROJECT SCIO

NOTES TO THE FINANCIAL STATEMENT

YEAR ENDED 31 MARCH 2026

6. COSTS OF GENERATING VOLUNTARY INCOME

BBC Children In Need
Other projects wages etc
7. FUNDRAISING TRADING COSTS
Snack bar purchases
8. INVESTMENT MANAGEMENT
COSTS
Bank loan interest payable
9. COSTS OF CHARITABLE
ACTIVITIES BY FUND TYPE
Office and projects costs
10. COSTS OF CHARITABLE
ACTIVITIES BY ACTIVITY TYPE
Office and projects costs		 Unrestricted
Funds
£
-
-		 Restricted
Funds
Total
Funds
2026
Total
Funds
2025
£
£
£
(38,220)
(38,220)
(34,446)
(35,103)
(35,103)
(42,048)
- (73,323)
(73,323)
(76,494)
Unrestricted
Funds
£
-		 Unrestricted
Funds
Total
Funds
2026
Total
Funds
2025
£
£
£
(1,207)
(1,207)
(1,833)
Unrestricted
Funds
Total
Funds
2026
Total
Funds
2025
£
£
£
-
-
-
Restricted
Funds
Total
Funds
2026
Total
Funds
2025
£
£
£
(21,383)
(21,383)
(24,546)
Activities
Undertaken
Directly
Total
Funds
2026
Total
Funds
2025
£
£
£
(21,383)
(21,383)
(24,546)

16

LOFT YOUTH PROJECT SCIO

NOTES TO THE FINANCIAL STATEMENT

YEAR ENDED 31 MARCH 2026

11. GOVERNANCE COSTS

Unrestricted
Funds
£
Bank charges
(90)
Depreciation
(9,465)
(9,555)
12. OTHER RESOURCES EXPENDED
Unrestricted
Funds
£
Legal and professional fees
-
13. NET (OUTGOING)/INCOMING RESOURCES FOR THE YEAR
This is stated after charging:
Depreciation		 Unrestricted
Funds
£
(90)
(9,465)

Total
Funds
2026
Total
Funds
2025

£
£

(90)
(171)

(9,465)
(10,810)
(9,555)
(9,555)
(10,981)
Unrestricted
Funds
£
-

Total
Funds
2026
Total
Funds
2025

£
£

-
-
2026
2025
£
£
(9,465)
(10,810)

14. FUND TRANSFERS

In previous years grants have been received by the charity for funding fixed asset acquisitions. It is necessary for the charity to release the grants received over the useful lives of the assets to which they relate. The grants have been allocated to the building fund in restricted reserves and are being released in line with depreciation. In the period to 31 March 2026 £4,407 (2025 - £4,519) was transferred from the asset funds to unrestricted reserves.

15. STAFF COSTS AND EMOLUMENTS

Total staff costs were as follows:
Wages and salaries
Social security costs		 2026
2025
£
£
(63,875)
(66,483)
(8,504)
(9,041)
(72,379)
(75,524)

During the period, no remuneration was paid to trustees.

17

LOFT YOUTH PROJECT SCIO

NOTES TO THE FINANCIAL STATEMENT

YEAR ENDED 31 MARCH 2026

15. STAFF COSTS AND EMOLUMENTS (continued)

Particulars of employees:

The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows:

2026 2025
No. No.
Number of administrative staff 1 1

– No employee received remuneration of more than £60,000 during the year (2025 nil).

16. TANGIBLE FIXED ASSETS

COST
At 1 April 2025
Additions
Cost of Disposals
At 31 March 2026
DEPRECIATION
At 1 April 2025
Charge for the year
Depreciation on Disposals
At 31 March 2026
NET BOOK VALUE
At 31 March 2025
At 31 March 2026
17. STOCKS
Stock		 Freehold
Property
Fittings
&
Equipment
Total
£
£
£
242,087
109,649
351,736
-
-
-
-
-
-
242,087
109,649
351,736
100,440
80,751
181,191
4,842
4,623
9,465
-
-
-
105,282
85,374
190,656
141,647
28,898
170,545
136,805
24,275
161,080
2026
2025
£
£
75
70

18

LOFT YOUTH PROJECT SCIO

NOTES TO THE FINANCIAL STATEMENT

YEAR ENDED 31 MARCH 2026

18. DEBTORS

2026 2025
£ £
Trade debtors - -
Prepayments 708 -
708 -
19. CASH AT BANK AND IN HAND
2026 2025
£ £
Business Bank Account 97,722 82,557
Cash in Hand 181 139
97,903 82,696
20. CREDITORS: Amounts falling due within one year
2026 2025
£ £
Bank Loans and Overdrafts - -
Trade Creditors (501) (844)
PAYE and Social Security (1,325) (855)
Other Creditors - -
(1,826) (1,699)
The following liabilities disclosed under creditors falling due within one year are secured by the
charity:
2026 2025
£ £
Bank loans and overdrafts - -
21. CREDITORS: Amounts falling due after more than one year
2026 2025
£ £
Bank Loans and Overdrafts - -
The following liabilities disclosed under creditors falling due after more than one year are
secured by the charity:
2026 2025
£ £
Bank loans and overdrafts - -

19

LOFT YOUTH PROJECT SCIO

NOTES TO THE FINANCIAL STATEMENT

YEAR ENDED 31 MARCH 2026

22. RESTRICTED INCOME FUNDS

Balance at Balance at
1 April Incoming Outgoing 31 March
2025 Resources Resources Transfers 2026
£ £ £ £ £
Building Funds 99,103 - - (2,478) 96,625
Refurbishment Funds 77,148 - - (1,929) 75,219
Main Funders 15,260 107,467 (94,706) - 28,021
191,511 107,467 (94,706) (4,407) 199,865
3. UNRESTRICTED INCOME FUNDS
Balance at Balance at
1 April Incoming Outgoing 31 March
2025 Resources Resources Transfers 2026
£ £ £ £ £
General Funds 60,101 4,329 (10,762) 4,407 58,075

23. UNRESTRICTED INCOME FUNDS

24. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted Income Funds:
Building Funds
Refurbishment Funds
Main Funders
Unrestricted Income Funds
Total Funds		 Tangible
Fixed Assets
Net Current
Assets/
(Liabilities)
Long Term
Liabilities
Total
£
£
£
£
96,625
-
-
96,625
75,219
-
-
75,219
28,021
-
28,021
171,844
28,021
-
199,865
(10,764)
68,839
-
58,075
161,080
96,860
-
257,940

20

LOFT YOUTH PROJECT SCIO

MANAGEMENT INFORMATION

YEAR ENDED 31 MARCH 2026

The following pages do not form part of the statutory financial statements which are the subject of the independent examiner’s report (in earlier pages)

21

LOFT YOUTH PROJECT SCIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2026

INCOMING RESOURCES
VOLUNTARY INCOME
Misc. donations
BBC Children In Need
Youthlink/Hollybob
Other
Hill of Towie/Beatrice
TMC/HIE
ACTIVITIES FOR GENERATING FUNDS
Hire of hall, kitchen & office equipment
Fundraising
Snack bar sales
Provision of services
INVESTMENT INCOME
Bank Interest
RESOURCES EXPENDED
COSTS OF GENERATING VOLUNTARY INCOME
Staff costs–Wages & Salaries
Staff costs– Employer’s NIC
Travel and subsistence		 2026
2025
£
£
803
1,260
46,051
30,392
30,863
-
19,005
35,331
-
9,086
11,548
19,708
108,270
95,777
-
-
1,070
1,131
1,660
2,029
-
-
2,730
3,160
796
-
796
-
63,875
66,483
8,504
9,041
944
970
73,323
**76,494 **

22

LOFT YOUTH PROJECT SCIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2026

FUNDRAISING TRADING COSTS
Cost of sales–Opening stock
Cost of sales–Purchases
Cost of sales–Closing stock
CHARITABLE ACTIVITIES
Light & heat
Repairs & maintenance
Insurance
Cleaning & hygiene
Project costs
Telephone
Printing, stationery & advertising
PRS and other licenses
GOVERNANCE COSTS
Bank charges
Depreciation
OTHER RESOURCES EXPENDED
Legal and professional fees
TOTAL RESOURCES EXPENDED
NET (OUTGOING)/INCOMING RESOURCES FOR THE YEAR		 2026
2025
£
£
70
75
1,212
1,828
(75)
(70)
1,207
1,833
6,681
7,378
877
1,641
2,117
2,584
488
451
9,071
9,973
1,619
1,660
197
486
333
373
21,383
24,546
90
171
9,465
10,810
9,555
10,981
-
-
105,468
113,854
6,328
(14,083)

23

LOFT YOUTH PROJECT SCIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2026

COSTS OF GENERATING VOLUNTARY INCOME
Staff costs–Wages & Salaries
Staff costs– Employer’s NIC
Travel and subsistence
FUNDRAISING TRADING COSTS
Snack Bar Purchases
Cost of sales–Opening stock
Cost of sales–Purchases
Cost of sales–Closing stock		 2026
2025
£
£
63,875
66,483
8,504
9,041
944
970
73,323
76,494
70
75
1,212
1,828
(75)
(70)
1,207
1,833

24

LOFT YOUTH PROJECT SCIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2026

CHARITABLE ACCOUNTS
Office Overheads
Activities undertaken directly
Light & heat
Repairs & maintenance
Insurance
Cleaning & hygiene
Project costs
Telephone
Printing, stationery & advertising
PRS and other licenses		 2026
2025
£
£
6,681
7,378
877
1,641
2,117
2,584
488
451
9,071
9,973
1,619
1,660
197
486
333
373
21,383
24,546

25