Charlty rngl8tration number SC035617 (Scotland
MONIFIETH COMMUNITY RESOURCE GROUP
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

MONIFIETH COMMUNITY RESOURCE GROUP
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
(Appointed 28 May 2025)
(Appointed 28 May 2025}
(Appointed 28 May 2025}
(Appointed 28 October 2025)
(Appointed 8 December 2025)
Charlty numbor (Scotland)
SC035617
Prlnclpal addr•8S
Audltor
Findlays Audit Limited
11 Dudhope Terrace
Dundee
DD3 6TS
8ank•f8
Iiirgln Money
718 High Slreel
Dundee
DD1 1SS

MONIFIETH COMMUNITY RESOURCE GROUP
CONTENTS
Page
Trustees, report
Statement of trustees. responslbilities
Independent auditor's report
Statement of financlal activitles
Balance sheet
Statement of cash flows
10
Notes to the financial statements

MONIFIETH COMMUNITY RESOURCE GROUP
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 flnanclal statements have been prepared In accordance wlth the accountlng policles sel oul in note 1 to the
financial statements and comply with the charity's governing documenl. the Charities and Trustee Investment
(Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting
Standard applicable in the UK and Republic of Ireland" and the Charrties SORP "Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth
the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 102)"
ObJ•ctlv•• and actlvltl••
Project developmont
No build is ever straighfforward and ours certalnly was not Slralghttorward, but we had a wonderful team of
professionals with AIM Design Dundee and Algo Construction Lld. Working with them all was a wonderfully
collaborative experience. We had regular site meetings. professional team meetings and meetings with Angus
Council throughout. The inclusion of the Library meant we had an additional layer of communication and officialdom
to deal with
Our original entry date was mid Juty 2024. We stUtte￿d from anticipated date to anticipated dale and eventually
gol the keys on 2nd December 2024.
On 22nd September, with the agreement of Algo Construction who were still in lull possession of t￿ building, we
were able to hold our Celebratory Opening event with our l¢xal pipe band and the Lady Provost of Angus in
attendance. The weather was kind and ther• wa8 a great turnout. We were featured on STV news and local radio.
The MAC was on the map.
We opened for business on Monday 6th January 2025.
Becomlng oporatlonal
Job descriptions, inteNiew procedures and operational protocols were developed and appointments made follomng
slwctured recruitment process. Since openin9, the centre has moved steadity towards full operation, with the café
becoming an important part of the MAC'S offer to Ihe local community and attractlng growlng repeat custom..
logether wlth the Ilbrary and community activity cla55e5. This progress has been made possible Ihrowjh the
combined efforts of staff and volunteers across all areas of the organisation, whose Commitment and flexibility have
been central to eslablishing the MAC as a welcomin9 and sustainable comrnunity regour¢e.'
Golng forward
MCRG is in a healthy financial position and wrth our new CM in place the lulure is sound and secure . Relationships
we have developed over a number of years are now bearlng fruit and the services being offered In Ihe MAC are
widening io include all groups wlthln the communlty.
We've successfully introduced Art
the MAC to give local artists a showKa8e. The Library is to open to the public
which will increase footfall and lurther raise awareness of our existence, Establishing Gym @the MAC has been
problematic but we now have robust plans in place for its running and look to il generating a healthy revenue
stream.
Achlovements and perfomiance
Over the penod of this report we oversaw the build to completion and the staffing of what we all now know as the
MAC Monifieth Activity Centre. A period of many highs and many lov￿, huge frustrations and momenls of intense
joy as we realised the dream we had worked together for, for more th8n 12 years and welcomed the community to
the spaces designed round them. Essentially slx very committed and hard working individuals saw thi5 project
Ihrough from slart lo finish, No small achievement for a Gommittee lo hold together for that length of time and
ultimately achieve SUCGess.

MONIFIETH COMMUNITY RESOURCE GROUP
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Flnanclal r•vl•w
The financial statements 8how a surplu8 in the year of £1.358,188 (2024 - £810.483 as restated). At the year end
£79,479 (2024 £66.334 as restated) was classed al unrestricted reierv•i. At the year erKI, reitricted fund8
totalled £2,153,246 (2024- £808.203 as restated).
It is the policy of the tharity that unrestricted fiJnd8 vthieh have not been designated ft>r a sp•cific use shixjld be
maintained at a tevel equivalent kn between three and six month's expenditijre. The tru8tees consider that reserve8
at this level ￿111 enaure that, in the event of a significant drop in funding, they will be able to continue the charity'8
current activities vthile consideration Li given to ways in ￿leh additional funds may be raised. This level of reserve8
ha8 been maintained throjghout the year.
8tnictUM, gov•manc• and m•Ngom•nt
Monifieth Community Resource Group 18 a registered SCIO V•ith OSCR - Registration Number SC035617.
It's objects are to promote the benefft of the inhabitants of Monifieth and its environs withiyjt distinctii)n of sex.
aexuality, political, religious or ott￿r opinions by associating the local statutory authorities, voluntary organization8
inhabitants in a common effut to advance education and to wovide facilities. or assist i) the provision of
facilities, In the interest of social welfare for recreatlon arKI other leisu￿-t1rne occupation 80 that tt)eir conditions of
Iwe may be Improved. In lurtherance the￿01, bLrt not othewise, Ihe Group shall ¥eek to estsblish, malntain and
manage a communlty centre for thafltable actlvltles womoted by the group and Its constituent members.
The trustees who served durlNJ the year and up to the date of 8lgnature of the flnanclal Statements vKre:
(Re8lgned 27 October 2025)
(Resigned 21 February 20251
(Resigned 29 September 2025)
(Resigned 28 May 2025)
(Resigned 28 May 2025)
(App(xnted 9 September 2024 and resigned 23 February
2025)
(Appointed 28 May 2025)
(Appointed 28 May 2025)
(Appointed 28 May 2025)
(Appointed 28 May 2025 arKI resigned 27 October 2025)
(Appointed 28 May 2025 arKI resigned 27 October 2025)
(Appointed 28 May 2025 arKI re8wned 27 October 2025)
(Appointed 28 October 2025)
(Appoinled 8 December 2025)
Rocrullm•nt and appolntm•nt of tnMtM•
The Trustees are app￿nted from the Membern at an Annual General Meetlng.
The truslees, report was approved by the Board of Trustees.
us
3 February 2026

MONIFIETH COMMUNITY RESOURCE GROUP
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 accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities In Scolland requlres the trustees to prepare financial statements for each flnanclal
year which give a true and fair view of the slate of affair5 of the charily and of the incoming resources and
application of resources of the charity for that year.
In prepadng these financlal statement5, the trustees are required to..
select suitable accounting poliGies and then apply them consistently;
observe the melhods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent..
stale whether applicable accounting standards have been followed. subject to any material departure5 (Slsclosed
and explained in Ihe financial stalements., and
prepare the financial statements on the going concern basis unless it is inappropnate to pr¢sUr￿ that Ihe charity
will continue in operation.
The trustee5 are responslble for keeping sufficient accounting records that dijdose with reasonable accuracy at any
tlme the financi81 position of the charity and enable them to ensure that the financial statements comply with the
Charities and Trustee Investment Iscotland) Act 2005, the Charities Account$ (Scotlandl Regulations 2006 and the
provisions of the trust deed. They are also responsible for Safeguarding the assets of Ihe charity and hence for
taking reasonable steps for Ihe prevention and detection of fraud and other irregularities.

MONIFIETH COMMUNITY RESOURCE GROUP
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF MONIFIETH COMMUNITY RESOURCE GROUP
Oplnion
We have audited the financial statements of Moniffieth Community Resource Group (the 'charity') for the year ended
31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows
and notes to the financial stalements, including significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financlal Reportlng Standard 102 The Financial Reportlng Standard applicable In the UK and Republlc ol Ireland
Iunlted Kingdom Generally Accepted Accountlng Practice).
In our oplnlon, the flnanclal slatemenls..
give a true and fair view cf the stale of the charity's affairs as at 31 March 2025 and of Its Incomlng resources
and application of resources, lor Ihe year then ended..
have been property prepared In accordance wlth Unlted Klngdom Generally Accepted Accounting Practice,
and
have been prepared in accordance with the Charities and Trustee Investment (Scotlandl Act 2005 and
regulation 8 of the Charities Accounts (Scotland) Regulations 2006.
Basls for oplnlon
We conducted our audll In accordance wllh Intematlonal Standards on Auditing (UK) {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditoffs responsibilities for the audit ol
the lin8nci81 sl8t8menls section ol our report. We are independenl of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Slanclard, and we have fulfilled our other ethical responsibilities In accordance with these requirements. We believe
that the audlt evidence we have obtalned is sufficlent and appropriate to provlde a basls for our opinlon.
Concluslons relatlng to golng con¢•rn
In auditing the financial statements, we have concluded that the trustees, use of the golng ¢oncem basls of
accounting in the preparatlon of the financlal 3talemenls Is approprlale.
Based on the work we have performed, we have not identified any material uncertainlies relatin9 to events or
conditions Ihat, individually or collectively. may cast significant doubl on the charity's ability to continue as a going
¢oncem for a period of at least twelve months from when the financial statements are authorised for issue
Our responsibllitles and the respon$ibilitie5 of the trustees wrth re5pe¢l to going concern are described in the
relevant sections of this report.
Other Infomiatlon
The other infomation comprises the information included In the annual report other than the finarKial statements
and our auditor's report thereon. The trustees are responsible for the other infomialion Gontained within the annual
report. Our opinion on the financial statements does not Cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is to read Ihe other information and, in doing so. consider
whether the other information is materially inconsistent wth the financial statements or our knovAedge obtained in
the course of the audit, or otherwise appears to be materially misstated. If we Identify such material inconsistencles
or apparent material mlsslalements. we are requlred to determine whether this gives rlse lo a materLal misstatement
in the financial statements themselves If, based on the work we have performed, we conclude that there is a
material misstatement of thi8 Other information. we are required to report that fa¢t.
We have nothing to report in this regard.
Matt•r8 on whlch ￿ aro rgqulred to r•port by •xceptlon
We have nothing to report in respect of the following matters in relation to which the Charlties kcounts (Scotlandl
Regulations 2006 requires u$ to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the truslees,
report., or
proper accountin9 record$ have not been kept: or
the financial statements are not in agreernent with the accounting records.. or
we have not received all the infomiation and explanations we require for our audit.

MONIFIETH COMMUNITY RESOURCE GROUP
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MONIFIETH COMMUNITY RESOURCE GROUP
Rgspon$lbllltles of trusts?$
As explained more fully in the statement of trustees, responsibilities, the trustees are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation cf financial stslements that are free from material
misstatement. whether due lo fraud or error. In preparing the financial statements. the Iru5tees are Tesponsible for
assessing the charity's ability to conlinue as a going concern. disclosing. as applicable. matters related to going
concern and using the going concern basis of accounting unless the trustees either intend to cease cperations, or
have no realistic atternative but to do so.
Audltor'¥ r•sponslbllltles for tho audlt of the flnanclal statements
We have been appointed a¥ auditor under section 44(1)(c) of the Charities and Trustee Investmenl (Scotlandl Acl
2005 and report in a¢cordanGe wrth the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain re830nable assurance about whether the finanGial 3tatement¥ as a whole are free from
material misstatement. whether due to fraud or error, and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level ol assurance but is not a guarantee that an audit conducted in accordance
th ISAS (UK) will always detect a material mlsslatement when it exists. Misstatements can arlse from fraud or
error and are considered materlal if, Indlvidually or In the aggregate, they could reasonably be expected to influence
the economic decisions of users laken on the basis of these financial slatements.
The extent lo whlGh our procedures are capable of detecting irregularities, including fraud, 1$ detailed below.
Irregularltles. Includlng fraud, are instance of non-compliance wlth laws and Tegulatlons. We design procedures In
Ilne wllh our responsibilities, outlined above. lo deleGI material mi$stalemenls in respect of irregularities, Including
fraud. The extent to which our procedures are capable of detecting irregularilies, including fraud ond non
compliance with law8 and regulations is dolailad below.
The audit team has the appropriate skllls and expertlse required and through dlscusslons wilh management and
trustees and knowledge of the sector to ensure any non compliance is recognised and all necessary disclosures are
made. The controls in place help the charity mitigate the risk of fraud and also aids them in highllghting any
instance$ of fraud that might have occurred.
We assess the susceptibility of the chanty's financial statements to material misslalement Including obtalnlng an
understandlng of how fraud and non compllance wlth laws and regulallons may occur.
Making enquiries of management & directors about any known or 8u3pe¢ted instances of non complian¢
vAth law$ and regulations, including GOPR, health and safety, food standards and fraud.
Enquires of rnanagement & trustees as to where they consider there is a susceptibility lo fraud and their
knowledge of how actual, suspected and alleged fraud might occur.
Review of any correspondence with regulators including OSCR & HMRC.
Challenging assumptions and judgements made by management in their significant accounting estimates-
depreciation and allocatK)n of fvnds and support costs as accounting estimates during the audit
Auditing the risk of management override controls, including through testing of journal entnes and other
judgments for appropriateness.
Review of any areas where there Is potentlal of management bias, large & unusual transactions and the
risk of undisclosed related parties.
Performed analytical procedures to identify any unusual transaction8

MONIFIETH COMMUNITY RESOURCE GROUP
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MONIFIETH COMMUNITY RESOURCE GROUP
Because of the field In which the client operates V￿ identified the following areas as those Most likely to have a
material impact on the financial statements.,
Direct Impact on Financial Statement8
The Charities Accounls (Scolland) regulations 2006
SORP- FRS 102
Charities & Trustee Investment (Scotland) Act 2005
Indirect Impact on Financial Statements
GDPR
Health & safety at work Act
Charities Constitution
Employment Law
Employers Liability Act 1969
Food Salely Act 1990
Hygiene (Scotlandl Regulations 2006
Building (Scotlandl Regulatlons 2004
Because of the inherent limitations of an audit, there 1$ a risk that we wll not detect all irregulantie5, including those
leading to a material misstatement in the financial slatemenls or non-compliance with regulation. This risk in¢rea$es
the more that compliance with a law or reguSation is removed from the events and transactions reflected in the
financlal statements, as we wlll be less likely to become aware of instances of non-compliance. The risk is also
greater regaidlng irregularities occurring due to fraud rather than error, as fraud Involves Intenllonal concealment,
for9ery, collusion, omission or misrepresentation.
We communicate wlth those charged with governance, trustees regardlng, among other matters, the p&nned scope
and timing of the audil and significant audll findlngs, includlng any slgnificant deficiencies in internal control that we
Identify durin9 our audit.
A further descrlptlon of our responslblllties 18 available on the Financial Reporting Council's website al.. httPS.'II
wvM.frc.or9.uklauditor5re5pon3ibilitKis. This description fomis part of our audltor's report.
Oth•r matt•rs
The financial statements were not audited In the prior year. Therefore addllional audit procedures have been carried
out lo oblaln sufficlenl appropriate evldence that the opening balances do not Contain any m13slatements thal
materially affect the current period's financlal statements.
Use of our r•port
Thls report Is made solely to the charity's trustees, as a body, In apxordance wllh Regulation 10 of the Charitles
Accounts (Scotlandl Regulations 2006. Our audlt work has been undertaken so that we mlght state to the charity's
trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees a$ a body, for our audit work, for this report, or fcr the opinions we have formed.
Flndlay¥ Audlt Llmlted Istatutory Audltor)
Chartered Accountanls
11 Dudhope Terrace
Dundee
DD3 6TS
3 February 2026
Findlays Audit Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as
audilor of a company under section 1212 of the Companies Act 2006.

MONIFIETH COMMUNITY RESOURCE GROUP
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current flnanclal year
Unrnstrlct•d
funds
2023
R•strlcted
funds
2025
Tot•1
Total
2025
2024
Notes
as restated
Income from:
Donations and legacies
Charitable activities
other trading activities
40,108
12,545
38,949
1,390,999
1,431.107
12,545
38,949
854.531
13.017
Total incorne
91,602
1,390.999
1,482,601
867,548
Expendlture on:
Raising funds
Chanlable activltles
23,221
55.236
23,221
101,192
45,958
57,065
Total axp•ndlturn
78,457
45.956
124,413
57,065
Net Incomo and movement In fund8
13,145
1.345.Q43
1,358,188
810.483
R•conclllatlon of fund•:
Fund balances at 1 April 2024
66,334
808,203
874,537
64,054
Fund bal•nce• at 31 Mar¢h 2025
79,479
2,153,246
2,232,725
874,537
The statement of financial activities includes all gains and10sses recognised Sn the year. All income and expenditure
derive from continuing activities.
The notes on pages 11 lo 21 form part of these financial statements.

MONIFIETH COMMUNITY RESOURCE GROUP
STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Prlor flnanclal year
Unre$trlcted
funds
2024
Restrlcted
funds
2024
ToLI1
2024
Not•s
a$ r•$tated
48 restated
a8 restated
Income from..
Donations and legacies
Charitable activities
142
13,017
854,389
854,531
13,017
Total Incorne
13,159
854,389
867,548
Exp•ndlture on:
Charitable activltie$
10,879
46,186
57.085
Total ?xp•ndltur•
10,879
46,186
57.065
Not Income and rnovernent In fund8
2,280
808,203
810,483
Roconclllatlon of funds:
Fund balances at 1 April 2023
64,054
64,054
Fund balances at 31 March 2024
66,334
808,203
874,537

MONIFIETH COMMUNITY RESOURCE GROUP
BALANCE SHEET
AS AT31 MARCH 2025
2025
2024
Notes
Flxad assets
Tangible assets
•$ rostatod
802,537
15
2,110.509
Current assets
Slocks
Debtors
Cash at bank and in hand
16
17
2,500
1,682
168.090
40,118
38,532
172.252
78,650
Credltorn: amounts falllng duo wlthln
ono yoar
18
{50,036)
16.650)
N•t curr•nt a•8•ts
122,216
72,000
Total a•••t• loss current Ilabllltl•s
2,232.725
874,537
The funds of the ¢harlty
Restricted income funds
Unrestricted lunds
19
20
2,153.246
79,479
808,203
66,334
2,232,725
874,537
The notes on pagés 11 to 21 form part of Ihese financlal statements.
The financial statements were a
roved t Ine trustees on 3 February 2026
trustee

MONIFIETH COMMUNITY RESOURCE GROUP
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
as restatsd
Cash flows from operating activities
Cash generaled frorn operations
23
1,449,832
811,133
Invg8tlng actlvltleg
Purchase of tangible fixed assets
{1,320.074)
1802,537)
N•t ¢a•h u••d In Investlng actlvStl•s
11,320.0741
1802.537)
Net cash gonorat•d frorn flnanclng actlvltl
N•t Incr••se In cash and cash •qulval•nts
129,558
8,596
Cash and cash equivalents at beginnlng of year
38,532
29,936
Cash and cash equlvalents at end of year
168,090
38.532
The noles on pages 11 to 21 form part of these financial stalements.
10-

MONIFIETH COMMUNITY RESOURCE GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcl•s
Charlty Snfomiatlon
Monifieth Community Resource Group is a reglstered Scottish Charitable Incorporated OrganiSat￿n, it
constitutes a public benefit entity and reglstered in Scotland. Details of its principal office can be found on the
officers and advisors page.
1.1 Bas1• of preparatlon
The financial statements have been prepared in accordance wrth the ¢harity'S governing document, the
Charilies and Twstee Investment {S¢otland) Act 2005, the Charities Accounts (Scotland) Regulations 2006,
FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Chanties
SORP "Accounling and Reportin9 by Charities: Statement of Recommended Practice applicable to charities
preparing thelr accounts In accordance with Ihe Flnandal Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared In slerllng, whlch Is the funclional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financlal statements have been prepared under the historical Gost convention. The principal aGGounting
policies adopted are set out below.
1.2 Golng concern
At the Ilme of approwng the financlal slalements, the tru$tee$ have a reasonable expectation that the charity
has adequate resource$ to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting In preparing the financlal 8tatements.
1.3 Charltablo funds
Unrestricted funds are available for use at the discretion of the trustees in fvrtherance of their charitable
objectives.
Re51ricled fund5 are subjecl lo Specif￿ conditions by donors or grantors as lo how they may be u¥ed. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognlsed when the charily15 legally entllled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donatior15 are recognised on receipt. Other donatlons are recognised once the Gharity has been notified
of the donation, unles3 performance 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 reGeipt or otherwise if the charity has been notified of an impending distribution.
the amount is knowm, and ￿ceIpt is expected. If the amount is not known, the legacy is treated as
contingent a65et.
Grant5 including govemment grants are included in the Slatement of Financial Activities on a receivable basis.
The balance of in¢ome received for specific purposes but not expended during the period is Shown in the
relevanl funds on the Balance Sheet.
11

MONIFIETH COMMUNITY RESOURCE GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcies
(Contlnued)
1.5 Exponditure
Expenditure is recognised once there is a legal oi Gonstructive obligation to transfer economic benefit to
third party, It is probable that a transfer of economic benefits will be required in settlement, and the amount ol
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of dIr￿t costs and
Shared costs. includlng support cosls Involved In undertaking each activity. Direct costs attributable lo a single
activity are allocated directly to thal activity. Shared c0515 which contribute to more than one activity and
support Costs which are not attributable to a single activity are apportioned be￿en those activilles on a bass
consistent with the use of resources. Central staff Costs are allocated on the basis of time Spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 T•nglblo fix•d assot•
Tangible fixed assets are initially measured at co$1 and ¥ubsequently measured al cost or valuation, nel of
depreciation and any impaimient losse8.
Depreciation is recognised so as to wrtte off the co¥t or valuation of asset8 less their resldual value8 over their
Useful lives on the following base8'.
Freehold land and buildings
Fixture$ and fittings
2% Straight Line
200h Straight Line
The gain or lo$¥ arising on the disposal ol an asset Is determined as Ihe dlfference between ihe sale proceeds
and the carrying value of the a$?et, and18 reco9ni3ed in the 8tatement of financial a¢tivities.
1.7 Impalrment of fixed assets
Al each reporting end date, the charity revlews 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 Ind￿atIOn
exists, the recoverable amount of the asset is estimated in order to delermine the extent of the impairment
loss {rf any>.
1.8 Stocks
Stocks are stated al the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringin9 the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Net reali5able value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing. selling and dislribulion.
1.9 Cash and cash equlvalentg
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings In current Ilabllitles.
12

MONIFIETH COMMUNITY RESOURCE GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policie5
{Continued)
1.10 Financial instruments
The charity has elected to apply the provlsions of Section 11 'Basic Financial Inslrumenls, and Se¢lion 12
'Other Financial Instruments Issues, of FRS 10210 all of its financial instrument3,
Financial instruments a￿ reco9nised in Ihe charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Flnanclal assets and Ilablllties are offset, wlth the nel 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 8 net
ba315 or to realise the asset and Settle the liabilty simultaneously.
Baslc Ilnanclal a88et8
Basic financial assels, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction c03ts and are Subsequently carried at amortised ¢o$t using the effective
interest method unless the arrangement constitutes a financing transaction. where the transaction is
measured at the present value of the future receipts discounted at a market rate of Interest. Financial assets
elassified as receivable within one year a￿ not amortised,
Baslc Ilnanclal Ilabllllies
Basic financial liabilities. Including eredilofs and bank loans are initially recognised al transaction price unless
the arrangement constitutes 8 financing transaction. where the debl instrument measured al the piesent
value of the future payments dlscounted al a market rate of inlerest. Financial liabilitles dassified as payable
within one year are not amortised.
Debl instrument8 are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or sepdices that have been acquired in the ordinary course of
operations from Suppliers. Amounts payable are classified as Current liabililiej if payment 1$ due within one
year or less. If nol, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction pn'ce and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of flnanclal Ilabllltle8
Financial liabilits'es are derecognised when the charity's contractual obligations expire or are dischar9ed or
cancelled.
1.11 Employee bonofits
The cost of any unused holiday entitlement is recognised in the period in wh￿h the employee's services are
received.
Termination benefrt$ are recognised immediately as an expense when the charlty Is demonstrably committed
to terminate the employment of an employee or lo provlde termlnation benefils.
Chang• In accountlng policy
The financial statements for the current year have been prepared on an accruals basls. The prior year's
accounts were prepared on a receipts and payments basis. To ensure the comparatives are meaningful
consistent, the prior year figures have been restated to reflect the transition to Ihe accruals basis.
The restatement increased total funds at 31 March 2024 by £39.468, bringing them to £874,537 (previously
£835,069). Of this adjustment, £34,118 relates to reserves brought foward into 2024. with the remaining
£5,350 representing the impact of the change on the 2024 reserves. Further information on the restatement
can be found in note 25.
13-

MONIFIETH COMMUNITY RESOURCE GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Crltlcal accountlng e3tJmates and Judgements
In the application of the charity's accounting policies, the trustees are required to make judgements. estimates
and assumptions about Ihe carrylng amount of assets and liabilities Ihat are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experienGe and other factors that
are considered to be relevant. Actual results may differ from these e8timate$.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accountin9
estimates are recognised in the period in which the estimate is revised where the revlsion affects only that
perlod, or In the period of the revision and futUTe periods where the revi5iofb affects both current and future
periods.
Key sources of estlmallon unc8rtalnty
Dopreclotlon
Tangible fixed assets are depreciated over a period to reflect their eslimaled useful lives. The applicability of
the assumed Ilves Is reviewed annually, laking Into account lactor$ SUGh as physical condition. maintenance
and obsolescence.
Fixed assets are also assessed as to whether there are indicators of impaiment. The assessment Involves
consideration of the economic viability of the purpose for wthich the asset is used.
Incomo frorn donall¢n• and legaclo8
Unre8trl¢tsd Restrlcted
funds
funds
2025
2025
Total Unro•trlct8d Restrl¢t•d
funds
funds
2024
2024
Total
2025
2024
as r•8tat•d as restat•d as r•8tated
142
142
854,389
Donallons and glfts
Grants
4,200
35.908 1,390.999
4,200
1.426.907
854.389
40,108 1,390,999
1.431,107
142
854.389
854.531
Grants
Angus Council Capilal
Fund
Roberstons Trust
Tayside Heallh Board
Northwood Charitable
Twst
E B Scolland Ltd
Scotti3h Hydro Electric
Charitable Trust
The National Lottery
Hill¢rest Foundation
Angus Council
1,292.799 1,292,799
12,000
654.639
108.000
5,500
654.639
108.000
5.500
12,000
16,500
50.000
16,500
50,000
19.750
19.750
78,200
20,000
78,200
23.908
20,000
3,908
20,000
35.908 1,390,999 1,426,907
854,389
854,389
14-

MONIFIETH COMMUNITY RESOURCE GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from char6lable activbtl•8
Unrestrlcted
funds
2025
Unregtrlcted
funds
2024
Charltsble actlvltles
Hall rentals
Fundraisln9 activlties
10,570
1,975
10,619
2,398
12,545
13,017
Incom• from other tradlng aGtlvltle$
Unrestrlcted Unr•8trlcted
fund•
funds
2025
2024
Cafe sales
38,949
Exp•ndlture on ral•lng funds
Unr•8trlet•d Unrogtrlcted
fund•
nds
2025
2024
Tradlng costs
Card fees
Food and drink
Staff costs
530
15,416
7,275
23,221
15

MONIFIETH COMMUNITY RESOURCE GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expondlture on Charltable actlvltles
Charitable
a¢tlvltl•8
2025
Charitable
actlvltles
2024
Direct Costs
Staff costs
DepreGiation and impairment
Building Project
Rent
Eleclriaty
Insurance
Repair$ and maitenance
Cleaning
Fundraising costs
Sundry expenses
as re3tat&d
28,312
12,102
3,462
2.112
22,245
1,283
14,771
2,484
46,187
2.112
7,046
238
256
1.056
138
32
4,101
90.872
57,085
Share of support and governance costs (see note )
Governance
10,320
101,192
57,oe5
Analy818 by fund
Unrestricted fund$
Restricted funds
55,236
45,956
10.879
46,186
101,192
57,065
N•t movement In funds
202S
2024
The nel movement In funds Is stated after chargingl{crediling)'.
Fees payable for Ihe audit of the charity's financial statements
Depreciation of owned tangible fixed assets
9,600
12,102
10 Audltor's remunoratlon
Fees payable to the charity's auditor and associates..
2025
2024
For audit s•rvlG?s
Audit of the financial statement5 of the Charity
9,600
11
Truste•s
None of the trustees lor any persons connected with them) received any remuneration or benefils from the
charity during the year.
16-

MONIFIETH COMMUNITY RESOURCE GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Ernploy•é$
The average rnonthly number of employees during the year was..
202S
Numbor
2024
Numb•r
Employment Gosts
2025
2024
Vvages and salarles
35,587
There warn no amployeos whose annual remuneration was more than £60,000.
13 T•x4tlon
The charity is exernpt from taxation on it8 activities because all its income is applied for charitable purposes.
Trading income falls bèlow the small tradlng exemption and therefore no corporation lax is payable for the
year.
14 Rent of Land
The land on which the property 1$ situated is held under a 99.y•ar lease from Angus Council. Thè lease is set
at a nominal rental value.
This is considered to be below market value however it is unlikely that a reliable measurement of the rnarkel
value of the rent can be obtained. In the absence of a reliable valuatson, no gift-in-kind income or
corresponding expense has been recorded in these financial statement$.
15 Tanglble fixed a88•ts
Fr•¢hold land Flxturès aml
and bulldlngs
flttlng8
Total
Cost
At 1 April 2024
Additlons
802,537
1,308,149
802.537
11,925 1,320.074
At 31 March 2025
2,110,686
11,925 2,122,611
Depreclatlon and Impalrmont
Depreciation charged in the year
10,553
1,549
12,102
At 31 March 2025
10,553
1,549
12.102
Carrylng amount
At 31 March 2025
2,100,133
10,376 2,110,509
At 31 March 2024
802,537
802,537
17-

MONIFIETH COMMUNITY RESOURCE GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Sto¢k8
2025
2024
Raw materials and consumables
2.500
17 D•btorn
202S
2024
Amount• falllng duo wlthln on• yoaf:
as r•*lated
Trade debtors
Other debtors
Prepayments and accrued income
1,662
34,118
6.000
1,662
40,118
18 Credltors: amounts falllng du• wlthln on• yèar
2025
2024
as r••tat•d
Other taxation and social securty
Trade creditors
Other creditors
A¢¢ruals and deferred income
3.841
3,262
30,737
12,196
6.650
50.038
6.650
19 R•strlcted funds
The restricted funds of the charity comprlse the unexpended balances of don8tion$ and grants held on trust
subiecl lo specific condilions by donors as to how they may be used,
At 1 Aprll
2024
Incomlng
resource¥
Resources At 31 March
expended
2025
Capital- Community Centre Building
The National Lottery - Salaries
The National Lottery - Gym
808,203
1,312,799
60,000
18,200
(20.869>
(16.145)
18,942)
2.100.133
43.855
9.258
808,203
1.390,999
(45,956)
2,153.246
Prevlous year:
At 1 Aprll
2023
Incomlng
rosources
Resources At 31 March
expondod
2024
a$ r•)tatsd
808.203
Capital- Community Centre Building
854.389
(46,186)
18-

MONIFIETH COMMUNITY RESOURCE GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 RestrScted funds
Iconllnued)
ommunSty Centre Bulldlng - Funding towards costs of building the new community centre This fijnding will
be offset against future depreciation.
The Natlonal Lottery (Salarles) - Funding towards salary costs of the centre manager and engagement
officer.
Tho Natlonal Lottory (Gym)- Funding towards costs of a gym belng equlpped In the comrnunity centre.
20 Unrojtrlcted funds
The unrestrlcted funds of the charlly comprise the unexpended balances of donation5 and grants which are
not subject to specific conditions by donors and grantors as lo how they may be used. These include
designated funds which have been set aside out of unreslricte(I funds by the truste¢¥ for specific purposes.
At 1 Aprll
2024
In¢omlng
resources
Resources At 31 March
expendod
2025
General lunds
6e,334
91,602
178,457)
79,479
Prevlous year:
At 1 Aprll
2023
InGomlng
rn80urce$
Re8our¢e$ At 31 March
expended
2024
as restated
66,334
General funds
64,054
13.159
110,879)
21 Analy•i• of n•t a•s•t8 bOt￿0n fund•
Unre8trl¢t•d
fund•
2025
Rostrlctod
fvndl
2025
ToL•l
2026
At 31 March 2025:
Tangible assets
Current assetsllliabilitles)
4,019
75,460
2.106,490
46,756
2.110,509
122.216
79,479
2.153.246
2.232,725
19-

MONIFIETH COMMUNITY RESOURCE GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21 Analysis of net assets belween funds
Iconllnu•d)
Unro8trl¢tsd
fund8
2024
Restricted
funds
2024
Total
2024
as restated
At 31 March 2024:
Tangible as58ts
Current assetsl(liabilities)
802.537
5.666
802.537
72,000
66,334
66,334
808,203
874,537
22 Relatod party tran8actlons
There were no disclosable related party transactions during the year {2024 - none).
23 Cash g8n•rated from operatlons
2025
2024
as rostaled
810.483
Surplus for the year
1,358,188
AdJu•tm•nts for:
Depreciation and impairment of tangible fixed assets
12,102
Mov•ment• In worklng capltal:
IlnGrease) in stocks
Decreasel{increasel in debtors
Increase in credilors
12,500>
38,456
43,388
(6.000)
6.650
Ca8h generated from 0￿ratIOnS
1,449,632
811,133
24 Analys18 of changes In net fund*
The charity had no material debt during the year.
20-

MONIFIETH COMMUNITY RESOURCE GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
25 Prlor p•rlod adjustment
Changes to the balance sheet
At 31 March 2024
As prevlously
Adjustment
report•d
As re8tsted
Flxed assotS
Tanglble assets
Current asset8
Debtors due within one year
Crndltors duo wlthln one year
Other creditors
796,537
6.000
802,537
34,118
6.000
40.118
{6.650)
(6,6501
Nel assets
869,187
5,350
874,537
Capital fund3
Income funds
Restricted funds
Unrestricted funds
808,203
{802,853}
808,203
66.334
869,187
Total equlty
869,187
5,350
874,537
Changes to the profit and lois accounl
Porlod onded 31 March 2024
As prevlou$ly
AdJu$trnent
AB restated
r•portod
Donations and legacies
848,531
6.000
854,531
Charitable activities
56,415
650
57.065
Net movement in fund8
805,133
5,350
810.483
Prlor year adjustments have arlsen because the previous year's financial statements were prepared on 8
receipts and payments basis. As part of the current audit proce$$, adjustments were required to recognise
income and expenses in the correct accounting period and lo record assets and liabilities that were not
previously recognised. These adjustments ensure that the opening balances are accurate and consistent with
audited financial reporting requirements.
21