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2024-12-31-accounts

REGISTERED COMPANY NUMBER: CS004351 (Scotland) REGISTERED CHARITY NUMBER: SC036088

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GATEHOUSE DEVELOPMENT INITIATIVE

GATEHOUSE DEVELOPMENT INITIATIVE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7
to 15
Detailed Statement of Financial Activities 16 to 17

GATEHOUSE DEVELOPMENT INITIATIVE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objectives are the promotion for the benefit of the public of Gatehouse of Fleet, whether living in the burgh or within the parishes of Anwoth and Girthon, without distinction of age, sex, sexuality, religious, political or other opinions, by the following means:

Volunteers

The charity relies on the contribution of unpaid volunteers to help carry out its activities, however as it is impractical to measure this contribution no amount is recognised as income within the accounts as per the Charity SORP (FRS 102).

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Work on the Community-led affordable housing project on the former Woodside garage site has progressed significantly. The GDI has continued to work closely with SOSCH (South of Scotland Community Housing), and the award of grants from Crown Estate Scotland and the Rural Housing Fund has enabled a comprehensive feasibility report to be completed. This enabled an extensive pre-planning consultation which concluded with planning officers recommending that they would support the proposal.

The Multi-Use Games Area (MUGA) in Gatehouse school grounds was completed and opened by Dumfries and Galloway Council Chief Executive Dawn Roberts and Head Teacher Fiona Christie.

The Wheels of Fleet project has continued to expand its operation, promoting cycling as a healthy and sustainable way to get around, and offering affordable bike repairs, rentals, and maintenance workshops to encourage cycling for locals and tourists. The project also works to improve cycling infrastructure in the area, and offers activities including guided social bike rides for adults and children, and a weekly bike bus during school terms, encouraging children to cycle to school.

The Squirrel Group continues to thrive with a growing membership. Successful fund raising enables the group to monitor the health of the local red squirrel population, and help control the grey squirrels.

The feasibility study for a cycle track along the A75 is ongoing.

The new floodlights at Cardoness Castle are now connected and working.

Gaps in the boundary walls coming into Gatehouse and in the Deer Park walls were repaired following storm damage.

The Fleet Valley volunteers have worked throughout the year on keeping core paths open, as well as maintaining paths in the Cally Woods and Garries Park. Work has continued in the Cairnsmore National Nature Reserve on clearing the track to the east of the Big Water of fleet viaduct to create a safe path between the viaduct and the forest road. The Town Hall gardens continue to draw praise from Gatehouse residents and visitors alike.

Thanks go to all those involved in these projects and the extra workload of our trustees and secretary.

Page 1

GATEHOUSE DEVELOPMENT INITIATIVE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

Financial Position

As can be seen on page 5, income from all sources increased to £255,905 against £229,012 the previous year. Total expenditure increased to £310,348 from £141,876 in 2023.

In note 11 to the Financial Statements on Page 12, movements on reserves are set out showing that during the course of 2024, the GDI total reserves reduced by £54,443 to £203,283 of which £177,435 must be expended upon the specific projects for which the monies have been raised. The balance of £25,848 may be expended at the Trustees' discretion. Of these monies the Directors have set aside monies for the particular purposes indicated in the schedule of movements.

Reserves policy

Unrestricted Reserves: The trustees have agreed that a minimum of £3,500 of the GDI's unrestricted funds should be reserved against any short term working capital requirements in the event of a significant fall in funding.

FUTURE PLANS

The charity intends to continue its charitable activities in order to achieve its aims and objectives.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation became a Scottish Charitable Incorporated Organisation (SCIO) on 10 December 2019 having previously been incorporated on 9 September 2004. The charity is controlled by its governing document, its constitution.

Recruitment and appointment of new trustees

Membership of the charity is open to residents of the parishes of Anwoth and Girthon and to those with interests within the parishes. The trustees may at any time appoint any member (who is willing to act), as a trustee, by approving the application at a board meeting. The maximum number of trustees is 12, and the minimum number is 4. At each Annual General Meeting all trustees retire from office but will be eligible for re-election.

Related parties

The charity is constituted as a development arm of the community of Gatehouse of Fleet and works closely with public and private organisations serving the development interests of the community, particularly (but not exclusively) with Gatehouse Community Council and Dumfries and Galloway Council. Within the financial statements reference will be found to related parties which have contributed funding indirectly to projects promoted by the charity, but which although relevant to the charity's activities, have not passed through the charity's accounts.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CS004351 (Scotland)

Registered Charity number

SC036088

Registered office

56 High Street Gatehouse of Fleet CASTLE DOUGLAS Dumfries & Galloway DG7 2HP

Page 2

GATEHOUSE DEvELoPMEP￿ INmATrVE Trustees an cretary Independent Examlner Boll Ogllvy Chartgr¢d AcC￿ntants 36 Klng Stregt Castle Douglas Dumfries & Gallrhyay DG7 1AF Bankers Bank of S¢otl•ThJ 192 Klng Stroot CASTLE DOUGLAS DG7 1DB Apyoved by ordorofth¢ t4)ardOftntyt￿ ￿.......................... Page 3

INDEPENDETr￿ EXAMTNER'S REPORTTO THE TRUSTEES OF GATEHOUSE DEVELOPMENTINlnATIVE I roport on thè accounts for y￿r 31 Dacètrbèr 2024 sèt out Pa￿$￿V• to Illte￿. Respective responsibilities of trugteeg and examiner The charity's trustees are responSi￿e for the preparation of the accounts in acCOrdar￿ with the temis of the Chariti'es and Trustee Investrnent Iscouandl Act 2005 and the Charities Accounts Iscofjandl Regulations 2006 las amended). Tho chantys trust8es cOnS￿r that audrt reqUir￿￿ent of Regulation 1011 Kal to Icl of the Accounts Rogulations doès not aFVY. It is my r•sponsibilty to èxaminè tha accounts as roqulr•J under Sédlon 4411llel of thè Act and to stata wh•th•r partleular mattérs hav• tel￿ to my att￿n￿On. Basls of the Independent examlnerf3 rep(Yt My examination was carried out in PKCOTdance with Regulati￿ 11 of the Charities Accounts Iscottandl Regulations 2006. An examinab'on includes a review of th• accounting records keFrt by charty and CoMpa￿s0n ol tha accounts Pr￿nted thosè rocords. It also IndUd￿ considorat6on of any unusual oms or dlsdosuras In tho accounts, and aX￿￿natIonS from you as t￿St￿S concamlng any suth matt•rs. Th• pro¢¢dur¢s undértak¢n (b not pr¢vld• 1 thé that wwld bè r•qulr¢d In an audlt, and eon$oqLnUy I do not $xpross an audh ¢)plnth on vlow glv•n by tho xccwnts. Independent examlnerfs statement In ¢onn•ction wrth my •xaminatlon. rK4 m&tt•r com• to my attan￿"On: 111 whl¢h gIV￿ mo I￿$¢￿￿1• caus• to bdlw• that, In ￿Y m&tsd•l roSP•rt, tho f•qLlrwnonts to kwp accounllng rKords In accordanc• wlth S•cllon 4411Xal ofth• 2005 Act and Rogulatjon 4 of th• 2006 Accounts R8gulatlons'. and to proparo accounts whlch accord wllh th• accwntlng r•certs to comF4y R•gulatlon 8 of t 2CQ6 Accounts R•gulatycfi$ hav• not m•t; 121 to whlch. In my oplnkjn. attontk>n slMxAd bo th•*m In ord8r to enablo a propw und8rstarMllr#J of th accounts to bo roachad. 8811 Ogllvy Chartèred Accountants 36 King Street Castle Douglas Dumfries & Galloway DG7 1AF Page 4

GATEHOUSE DEVELOPMENT INITIATIVE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
-
Other trading activities
3
3,021
Investment income
4
-
Total
3,021
EXPENDITURE ON
Raising funds
5
1,145
Charitable activities
Kiosk
782
Stall Rentals
35
Red Squirrel Protection
-
Deer Park
-
Riverbank Park
-
Eco management project
-
Support costs
1,654
Wheels of Fleet
-
Cardoness Castle Lights
-
Public defibrillators
-
Gatehouse Greenway
-
Woodside Terrace Community Housing
-
MUGA
-
Total
3,616
NET INCOME/(EXPENDITURE)
(595)
Transfers between funds
11
1
Net movement in funds
(594)
RECONCILIATION OF FUNDS
Total funds brought forward
26,442
TOTAL FUNDS CARRIED FORWARD
25,848		 Restricted
funds
£
241,668
11,216
-
252,884
1
-
-
4,079
-
-
-
-
56,291
2,361
-
20,447
77,553
146,000
306,732
(53,848)
(1)
(53,849)
231,284
177,435		 2024
Total
funds
£
241,668
14,237
-
255,905
1,146
782
35
4,079
-
-
-
1,654
56,291
2,361
-
20,447
77,553
146,000
310,348
(54,443)
-
(54,443)
257,726
203,283		 2023
Total
funds
£
216,566
12,445
1
229,012

1,118
1,211
42
4,690
320
155
876
2,282
40,917
-
4,101
45,511
40,653
-
141,876

87,136
-
87,136
170,590
257,726

The notes form part of these financial statements

Page 5

GATEHOUSE DEvELoPMEP￿ INrriATrVE 31 DECEMBER 2024 2024 Trrtal fvnds 2023 Total Unrestricted Re5trcted FIXED ASs￿s Tanglble assats 4.030 4,232 8.676 CURRENT ASs￿s Cash 41 bunk 27.446 173.404 200.850 251.129 CREDfTORS Amounts lalllr¥J duo ￿￿thIn ono yow 10 I1.8￿) (1,7991 12,0791 NET CURRENT ASSETS 173405 TOTAL ASSETS LESS CURRENT UA81LmES 25.848 177.435 203.283 257.726 NET ASSETS FUNDS Unrestrlct•d Rostrldedfvnds 11 25,848 26,442 TOTAL FUNDS The financlal statem¢nts w¢ro Iipwovèd ty t￿ Board of TrLtst¢bo9 aUthOrt￿ fc l¥$u• c ..2..6..1.0..>.1.2..0..2..s......arKI w•r• slgn¢d M Its b•hf ty. The notes form part ofthesefinancial st*ements Page 6

GATEHOUSE DEVELOPMENT INITIATIVE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life;

Plant and machinery etc - straight line on cost over 3 years, 5 years ,10 years,15 years and 25 years.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted funds which have been set aside by the Trustees for a particular purpose.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

DONATED GOODS

The charity entered into a lease agreement with Dumfries & Galloway Housing Partnership Limited for the period 28 November 2019 to 27 November 2029, for the rent of the riverbank land at Gatehouse. The rental cost is £1 per annum, but only if asked for. When not requested, this cost is still recognised within the accounts.

FINANCIAL INSTRUMENTS

Cash

Cash and cash equivalents comprise cash on hand and call deposits, and other short term high liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 7

continued...

GATEHOUSE DEVELOPMENT INITIATIVE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS

Trade Debtors

Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the charity does not have conditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are represented as non current liabilities.

Borrowings

Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of financial activities over the period of the relevant borrowing.

Provisions and contingencies

Provisions are recognised when the charity has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

GOING CONCERN

The financial statements have been prepared on a going concern basis. The trustees have assessed the charity's ability to continue as a going concern and has reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future.

VOLUNTEERS

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Grants		 2024
£
10,640
231,028
241,668		 2023
£
19,247
197,319

216,566

Page 8

continued...

GATEHOUSE DEVELOPMENT INITIATIVE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2. DONATIONS AND LEGACIES - continued

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

Dumfries & Galloway Council
John Younger Trust
Holywood Trust
Paths for All
Cycling Scotland
Sustrans
Garfield Weston
Third Sector Dumfries & Galloway
Foundation Scotland
Scottish Government - Rural Housing Feasability Fund
3.
OTHER TRADING ACTIVITIES
Cycling tops
Rental Income
Bike hire, repairs & servicing
Electrical Generation
Website
4.
INVESTMENT INCOME
Other interest received
5.
RAISING FUNDS
OTHER TRADING ACTIVITIES
Big Lit
Support costs		 2024
£
89,296
1,000
50,000
22,154
-
20,448
-
-
33,130
15,000
231,028
2024
£
57
1,800
11,159
1,221
-
14,237
2024
£
-
2024
£
502
644
1,146		 2024
£
89,296
1,000
50,000
22,154
-
20,448
-
-
33,130
15,000
231,028
2024
£
57
1,800
11,159
1,221
-
14,237
2024
£
-
2024
£
502
644
1,146		 2023
£
39,500
-
-
15,000
11,613
45,511
10,000
75,695
-
-		 2023
£
39,500
-
-
15,000
11,613
45,511
10,000
75,695
-
-		 2023
£
39,500
-
-
15,000
11,613
45,511
10,000
75,695
-
-
197,319
2023
£
529
2,400
8,788
678
50
12,445
2023
£
1
2023
£
501
617
1,118
12,445
2023
£
1
2023
£
501
617
1,118




2023
£
501
617
1,118

Page 9

continued...

GATEHOUSE DEVELOPMENT INITIATIVE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets 2024
£
4,444		 2023
£
4,451

7. TRUSTEES' REMUNERATION AND BENEFITS

No fees were reimbursed to trustees during the year (2023: Nil).

TRUSTEES' EXPENSES

No expenses were paid to trustees during the year (2023: Nil).

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
330
Other trading activities
3,128
Investment income
1
Total
3,459
EXPENDITURE ON
Raising funds
1,117
Charitable activities
Kiosk
1,211
Stall Rentals
42
Red Squirrel Protection
-
Deer Park
-
Riverbank Park
-
Eco management project
-
Support costs
2,282
Wheels of Fleet
-
Public defibrillators
-
Gatehouse Greenway
-
Woodside Terrace Community Housing
-
Total
4,652
NET INCOME/(EXPENDITURE)
(1,193)
Transfers between funds
(630)
Net movement in funds
(1,823)
RECONCILIATION OF FUNDS
Total funds brought forward
28,265		 Restricted
funds
£
216,236
9,317
-
225,553
1
-
-
4,690
320
155
876
-
40,917
4,101
45,511
40,653
137,224
88,329
630
88,959
142,325		 Total
funds
£
216,566
12,445
1
229,012
1,118
1,211
42
4,690
320
155
876
2,282
40,917
4,101
45,511
40,653
141,876
87,136
-
87,136
170,590

Page 10

continued...

GATEHOUSE DEVELOPMENT INITIATIVE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
Restricted
funds
£
TOTAL FUNDS CARRIED FORWARD
26,442
231,284
9.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
property
Plant and
machinery
and
fittings
£
£
£
COST
At 1 January 2024 and
31 December 2024
1
135,289
15,043
DEPRECIATION
At 1 January 2024
-
126,614
15,043
Charge for year
-
4,444
-
At 31 December 2024
-
131,058
15,043
NET BOOK VALUE
At 31 December 2024
1
4,231
-
At 31 December 2023
1
8,675
-
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
VAT
2024
£
-
Accrued expenses
1,799
1,799		 Total
funds
£
257,726
Totals
£
150,333
141,657
4,444
146,101
4,232
8,676
2023
£
39
2,040
2,079		 Total
funds
£

Page 11

continued...

GATEHOUSE DEVELOPMENT INITIATIVE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

11. MOVEMENT IN FUNDS

Net
movement
At 1.1.24
in funds
£
£
Unrestricted funds
General
136
(2,834)
Kiosk
10,240
2,239
Emergency Reserve
3,620
-
Heritage Projects
11,946
-
Designated Castle Lights
500
-
26,442
(595)
Restricted funds
National Scenic Area
170
-
Red Squirell Protection
967
1,199
Riverbank Park
99,935
64,750
Erasmus Eco management project
19,757
-
Wheels of Fleet
23,452
(19,371)
Castle Lights
2,950
(2,361)
Red Squirrel Survival Trust
5,539
(2,639)
Woodside Terrace Community Housing
39,067
(3,877)
Gatehouse Greenway
-
1
School Playing Field
39,447
(91,550)
231,284
(53,848)
TOTAL FUNDS
257,726
(54,443)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General
-
Kiosk
3,021
Restricted funds
3,021
Red Squirell Protection
2,720
Riverbank Park
64,750
Wheels of Fleet
36,840
Castle Lights
-
Red Squirrel Survival Trust
-
Woodside Terrace Community Housing
73,676
Gatehouse Greenway
20,448
School Playing Field
54,450
252,884
TOTAL FUNDS
255,905		 Transfers
between
At
funds
31.12.24
£
£
2,698
-
(2,697)
9,782
-
3,620
-
11,946
-
500
1
25,848
-
170
-
2,166
(60,000)
104,685
-
19,757
-
4,081
-
589
-
2,900
-
35,190
(1)
-
60,000
7,897
(1)
177,435
-
203,283
Resources
Movement
expended
in funds
£
£
(2,834)
(2,834)
(782)
2,239
(3,616)
(595)
(1,521)
1,199
-
64,750
(56,211)
(19,371)
(2,361)
(2,361)
(2,639)
(2,639)
(77,553)
(3,877)
(20,447)
1
(146,000)
(91,550)
(306,732)
(53,848)
(310,348)
(54,443)

Page 12

continued...

GATEHOUSE DEVELOPMENT INITIATIVE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General
Kiosk
Emergency Reserve
Heritage Projects
Designated Castle Lights
Restricted funds
National Scenic Area
Red Squirell Protection
Cally Deer Park
Riverbank Park
Erasmus Eco management project
Wheels of Fleet
Castle Lights
Red Squirrel Survival Trust
Public Defibrillators
Woodside Terrace Community Housing
School Playing Field
TOTAL FUNDS		 At 1.1.23
£
2,446
8,373
5,000
11,946
500
28,265
170
621
-
100,089
20,953
6,143
2,950
8,178
3,221
-
-
142,325
170,590		 Net
movement
in funds
£
(3,060)
1,867
-
-
-
(1,193)
-
346
(320)
(154)
(876)
17,309
-
(2,639)
(3,851)
39,067
39,447
88,329
87,136		 Transfers
between
funds
£
750
-
(1,380)
-
-
(630)
-
-
320
-
(320)
-
-
-
630
-
-
630
-		 At
31.12.23
£
136
10,240
3,620
11,946
500
26,442
170
967
-
99,935
19,757
23,452
2,950
5,539
-
39,067
39,447
231,284
257,726

Page 13

continued...

GATEHOUSE DEVELOPMENT INITIATIVE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

11. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General
Kiosk
Restricted funds
Red Squirell Protection
Cally Deer Park
Riverbank Park
Erasmus Eco management project
Wheels of Fleet
Red Squirrel Survival Trust
Public Defibrillators
Woodside Terrace Community Housing
Gatehouse Greenway
School Playing Field
TOTAL FUNDS		 Incoming
resources
£
381
3,078
3,459
2,398
-
-
-
58,227
-
250
79,720
45,511
39,447
225,553
229,012		 Resources
expended
£
(3,441)
(1,211)
(4,652)
(2,052)
(320)
(154)
(876)
(40,918)
(2,639)
(4,101)
(40,653)
(45,511)
-
(137,224)
(141,876)		 Movement
in funds
£
(3,060)
1,867
(1,193)
346
(320)
(154)
(876)
17,309
(2,639)
(3,851)
39,067
-
39,447
88,329
87,136

Purpose of Unrestricted Funds;

General - for the general purposes of the charity.

Kiosk - originally this was a provision for the cost of maintaining the Kiosk in Spa car park Gatehouse, and putting it back into good repair at the end of the lease in 2020. This has now been purchased and the fund has been designated for recording the income and expenditure relating to the Kiosk, including future repair costs, and to help with the general running of the GDI if needed.

Emergency - provision for temporary funding in the event of a significant income crisis.

Heritage Projects - reserve for heritage related projects created, with the grantor's consent out of unspent Memoria, Rural Heritage Promoter and Temple projects.

Designated Castle Lights - The Trustees have set aside £500 to contribute to the Castle Lights project.

Purpose of Restricted Funds;

National Scenic Area - Dumfries and Galloway scenic areas project.

Red Squirrel Protection - grants and donations to support the operations of the Gatehouse Red Squirrel Group.

Cally Deer Park - contributions collected for the repair and restoration of the Cally Deer Park walls.

Page 14

continued...

GATEHOUSE DEVELOPMENT INITIATIVE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

11. MOVEMENT IN FUNDS - continued

Riverbank Park - funding towards the provision of new play equipment for children in the Riverbank area of Gatehouse.

Erasmus Eco Management Project - funding provided to identify the holders of traditional rural skills and to pass the skills on to a younger generation.

Wheels of Fleet - funding to build bicycle skills in the community and encourage cycling in Gatehouse.

Red Squirrel Survival Trust - funds granted to purchase camera equipment to assist in the Red Squirrel Forum for South Scotland project. These funds are to be capitalised and utilised as depreciation of the assets is released to the Statement of Financial Activities.

Castle Lights - funding to provide floodlights at Cardoness Castle.

Woodside Terrace Community Housing - a project which will provide 1 or 2 bedroom houses for rent on the site of the former garage at the top of the town. The GDI are working with South of Scotland Community Housing (SOSCH) to develop this project which will deliver 6 or 7 houses for rent to the Gatehouse community.

Gatehouse Greenway - Initial feasibility stage exploring the potential for an active travel route (cycling, wheeling, walking) west of Gatehouse as far as Auchenlarie to link the coastal businesses and communities with Gatehouse, without need of a car. This is being funded by Sustrans through the Places for Everyone scheme. This was fully utilised in the year.

School Playing Field - Installation of an all-weather playing surface at the school - a MUGA.

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

Page 15

GATEHOUSE DEVELOPMENT INITIATIVE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Cycling tops
Rental Income
Bike hire, repairs & servicing
Electrical Generation
Website
Investment income
Other interest received
Total incoming resources
EXPENDITURE
Other trading activities
Big Lit
Charitable activities
Rent, Rates and water
Wheels of Fleet
Kiosk repairs
Defibrillator costs
Gatehouse Greenway
Woodside Terrace Community Hou sing
Cally Boundaries Project
School playing field
Red Squirrel Protection
Erasmus Eco management project
Castle lights
Playpark
Support costs
Management
Insurance
Plant and machinery		 2024
£
10,640
231,028
241,668
57
1,800
11,159
1,221
-
14,237
-
255,905
502
511
54,441
271
-
20,447
77,553
-
146,000
1,521
-
2,361
-
303,105
644
4,443
5,087		 2023
£
19,247
197,319
216,566
529
2,400
8,788
678
50
12,445
1
229,012
501
259
39,148
952
4,101
45,511
40,653
320
-
2,051
876
-
155
134,026
617
4,450
5,067

This page does not form part of the statutory financial statements

Page 16

GATEHOUSE DEVELOPMENT INITIATIVE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Management
Governance costs
Meeting expenses
Accountancy and legal fees
Total resources expended
Net (expenditure)/income		 2024
£
2023
£
94
236
1,560
2,046
1,654
2,282
310,348
141,876
(54,443)
87,136

This page does not form part of the statutory financial statements

Page 17