## **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:- - Social and recreational opportunities through a drop-in facility and range of organised activities - Learning opportunities, both formal and informal, offered within the project including additional opportunities developed by linking with other learning providers - Support to individuals and groups provided by our team of volunteers and youth workers and through additional support activities run by other agencies 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: - **Make best use of the funding package secured from CIN to meet our objectives** - **Support small group working that meets the needs of our young** - **Target work for 16 plus with no positive destinations** - **Living Loft – continue to provide this resource for use, on an as-and-when basis** - **Provide the young-person led Pantry Services which is providing skills development, training and employment** - **Ensure all our paid team and volunteers have relevant training** - **Ensure members of the Loft SCIO Board are informed and remain active decision makers** 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: - Seek funding to source various funding streams - Be mindful of CIN funding coming to an end after the three year term - Continue and maintain a range of clubs, groups and sessional work - Expand on working with families, through their young people - Consider the options for holiday programmes with an increased focus on families. ## **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: - Select suitable accounting policies and then apply them consistently - Observe the methods and principles in the Charities SORP - Make judgments and accounting estimates that are reasonable and prudent 9 - State whether applicable accounting standards have been followed, subject to and material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping 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