**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|<br>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: 

- Assistance with the maintenance, improvement or provision of public amenities 

- Preservation of buildings or sites of historic or architectural importance 

- Provision of recreational facilities for the public at large 

- Protection and conservation of the environment 

- Advancement of education, particularly amongst the less well educated 

## **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￿$￿V• to Illte￿.
Respective responsibilities of trugteeg and examiner
The charity's trustees are responSi￿e for the preparation of the accounts in acCOrdar￿ with the temis of the
Chariti'es and Trustee Investrnent Iscouandl Act 2005 and the Charities Accounts Iscofjandl Regulations
2006 las amended). Tho chantys trust8es cOnS￿r that audrt reqUir￿￿ent of Regulation 1011 Kal to Icl of
the Accounts Rogulations doès not aFVY. It is my r•sponsibilty to èxaminè tha accounts as roqulr•J under
Sédlon 4411llel of thè Act and to stata wh•th•r partleular mattérs hav• tel￿ to my att￿n￿On.
Basls of the Independent examlnerf3 rep(Yt
My examination was carried out in PKCOTdance with Regulati￿ 11 of the Charities Accounts Iscottandl
Regulations 2006. An examinab'on includes a review of th• accounting records keFrt by charty and
CoMpa￿s0n ol tha accounts Pr￿nted thosè rocords. It also IndUd￿ considorat6on of any unusual
oms or dlsdosuras In tho accounts, and aX￿￿natIonS from you as t￿St￿S concamlng any suth
matt•rs. Th• pro¢¢dur¢s undértak¢n (b not pr¢vld• *1 thé that wwld bè r•qulr¢d In an audlt, and
eon$oqL*nUy 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<br>funds<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>-<br>Other trading activities<br>3<br>3,021<br>Investment income<br>4<br>-<br>**Total**<br>3,021<br>**EXPENDITURE ON**<br>Raising funds<br>5<br>1,145<br>**Charitable activities**<br>Kiosk<br>782<br>Stall Rentals<br>35<br>Red Squirrel Protection<br>-<br>Deer Park<br>-<br>Riverbank Park<br>-<br>Eco management project<br>-<br>Support costs<br>1,654<br>Wheels of Fleet<br>-<br>Cardoness Castle Lights<br>-<br>Public defibrillators<br>-<br>Gatehouse Greenway<br>-<br>Woodside Terrace Community Housing<br>-<br>MUGA<br>-<br>**Total**<br>3,616<br>**NET INCOME/(EXPENDITURE)**<br>(595)<br>**Transfers between funds**<br>11<br>1<br>**Net movement in funds**<br>(594)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>26,442<br>**TOTAL FUNDS CARRIED FORWARD**<br>25,848|Restricted<br>funds<br>£<br>241,668<br>11,216<br>-<br>252,884<br>1<br>-<br>-<br>4,079<br>-<br>-<br>-<br>-<br>56,291<br>2,361<br>-<br>20,447<br>77,553<br>146,000<br>306,732<br>(53,848)<br>(1)<br>(53,849)<br>231,284<br>177,435|2024<br>Total<br>funds<br>£<br>241,668<br>14,237<br>-<br>255,905<br>1,146<br>782<br>35<br>4,079<br>-<br>-<br>-<br>1,654<br>56,291<br>2,361<br>-<br>20,447<br>77,553<br>146,000<br>310,348<br>(54,443)<br>-<br>(54,443)<br>257,726<br>203,283|2023<br>Total<br>funds<br>£<br>216,566<br>12,445<br>1|
|---|---|---|---|
||||229,012|
||||<br>1,118<br>1,211<br>42<br>4,690<br>320<br>155<br>876<br>2,282<br>40,917<br>-<br>4,101<br>45,511<br>40,653<br>-|
||||141,876|
||||<br>87,136<br>-|
||||87,136<br>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•h*f 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<br>Grants|2024<br>£<br>10,640<br>231,028<br>241,668|2023<br>£<br>19,247<br>197,319|
|||<br>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<br>John Younger Trust<br>Holywood Trust<br>Paths for All<br>Cycling Scotland<br>Sustrans<br>Garfield Weston<br>Third Sector Dumfries & Galloway<br>Foundation Scotland<br>Scottish Government - Rural Housing Feasability Fund<br>**3.**<br>**OTHER TRADING ACTIVITIES**<br>Cycling tops<br>Rental Income<br>Bike hire, repairs & servicing<br>Electrical Generation<br>Website<br>**4.**<br>**INVESTMENT INCOME**<br>Other interest received<br>**5.**<br>**RAISING FUNDS**<br>**OTHER TRADING ACTIVITIES**<br>Big Lit<br>Support costs|2024<br>£<br>89,296<br>1,000<br>50,000<br>22,154<br>-<br>20,448<br>-<br>-<br>33,130<br> 15,000<br>231,028<br>2024<br>£<br>57<br>1,800<br>11,159<br>1,221<br>-<br>14,237<br>2024<br>£<br>-<br>2024<br>£<br>502<br>644<br>1,146|2024<br>£<br>89,296<br>1,000<br>50,000<br>22,154<br>-<br>20,448<br>-<br>-<br>33,130<br> 15,000<br>231,028<br>2024<br>£<br>57<br>1,800<br>11,159<br>1,221<br>-<br>14,237<br>2024<br>£<br>-<br>2024<br>£<br>502<br>644<br>1,146|2023<br>£<br>39,500<br>-<br>-<br>15,000<br>11,613<br>45,511<br>10,000<br>75,695<br>-<br>-|2023<br>£<br>39,500<br>-<br>-<br>15,000<br>11,613<br>45,511<br>10,000<br>75,695<br>-<br>-|2023<br>£<br>39,500<br>-<br>-<br>15,000<br>11,613<br>45,511<br>10,000<br>75,695<br>-<br>-|
|---|---|---|---|---|---|
||||197,319<br>2023<br>£<br>529<br>2,400<br>8,788<br>678<br>50<br>12,445<br>2023<br>£<br>1<br>2023<br>£<br>501<br>617<br>1,118|||
|||||||
|||||12,445<br>2023<br>£<br>1<br>2023<br>£<br>501<br>617<br>1,118||
|||<br> <br>||<br> <br>||
||||||2023<br>£<br>501<br>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<br>£<br>4,444|2023<br>£<br>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<br>funds<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>330<br>Other trading activities<br>3,128<br>Investment income<br>1<br>**Total**<br>3,459<br>**EXPENDITURE ON**<br>Raising funds<br>1,117<br>**Charitable activities**<br>Kiosk<br>1,211<br>Stall Rentals<br>42<br>Red Squirrel Protection<br>-<br>Deer Park<br>-<br>Riverbank Park<br>-<br>Eco management project<br>-<br>Support costs<br>2,282<br>Wheels of Fleet<br>-<br>Public defibrillators<br>-<br>Gatehouse Greenway<br>-<br>Woodside Terrace Community Housing<br>-<br>**Total**<br>4,652<br>**NET INCOME/(EXPENDITURE)**<br>(1,193)<br>**Transfers between funds**<br>(630)<br>**Net movement in funds**<br>(1,823)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>28,265|Restricted<br>funds<br>£<br>216,236<br>9,317<br>-<br>225,553<br>1<br>-<br>-<br>4,690<br>320<br>155<br>876<br>-<br>40,917<br>4,101<br>45,511<br> 40,653<br>137,224<br>88,329<br>630<br>88,959<br>142,325|Total<br>funds<br>£<br>216,566<br>12,445<br>1<br>229,012<br>1,118<br>1,211<br>42<br>4,690<br>320<br>155<br>876<br>2,282<br>40,917<br>4,101<br>45,511<br> 40,653<br>141,876<br>87,136<br>-<br>87,136<br>170,590|
|---|---|---|



Page 10 

continued... 



**GATEHOUSE DEVELOPMENT INITIATIVE** 

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

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



Page 11 

continued... 



**GATEHOUSE DEVELOPMENT INITIATIVE** 

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

## **11. MOVEMENT IN FUNDS** 

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



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



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

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**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. 

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**GATEHOUSE DEVELOPMENT INITIATIVE** 

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

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



This page does not form part of the statutory financial statements 

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**GATEHOUSE DEVELOPMENT INITIATIVE** 

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

|**Management**<br>**Governance costs**<br>Meeting expenses<br>Accountancy and legal fees<br>Total resources expended<br>**Net (expenditure)/income**|2024<br>£<br>2023<br>£<br>94<br>236<br>1,560<br>2,046<br>1,654<br>2,282<br>310,348<br>141,876<br>(54,443)<br>87,136|
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This page does not form part of the statutory financial statements 

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