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2024-12-31-accounts

ALVA GLEN HERITAGE TRUST SCIO

Annual Report & Financial Statements

For the year ended

31 December 2024

FOR THE YEAR ENDED 31 DECEMBER 2024

ANNUAL REPORT & FINANCIAL STATEMENTS

CONTENTS

Trustees’ Annual Report................................................................................................................. 3 - 6
Independent Examiner’s Report ..................................................................................................... 7
Statement of Receipts & Payments ................................................................................................ 8
Statement of Balances ................................................................................................................... 9
Notes to the Financial Statements .................................................................................................. 9- 11

TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees are pleased to present their report and financial statements together wrth the independent examiner's report for the year ended 31 December 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charity Name Charity Number Principal Address Ava Glen F￿r[tage Trust SCIO SC036610 78 Bea￿lerC Street FK12 SLE Current Trustees other Trustees vtho served during the year Bankers Royal Bank of S¢otlaTrJ Stirlirrfj Branch Independent Exarniner STRUCTURE GOVERNANCE AND MANAGEMENT Governing Document Alva Glen Heritage Trust is a Scottish Charitable Incorporated Organisalion {SCIOI, registered on 15 th April 2021 and with charity number SC03661. 11 was previously a charitable company limited by guarantee hqth company number SC282315 and successfulty converted to a SCIO on 15thApril 2021. Appointment of Trustees The trustees retire at each annual general meeting bul are eligible for re-election. The trustees rnay appoint addilHJnal trustees at any time. The charity's consli(ution provides for a minimum of three and a maximum of frfteen trustees.

FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES’ ANNUAL REPORT

Organisational Structure

The trustees meet regularly to receive the various projects undertaken together with planning of future strategies. The day to day administration of the charity is performed by an administrative team reporting to the chair of the trustees.

Risk Assessment

The trustees have considered the major risk faced by Alva Glen Heritage Trust and have reviewed the procedures in place designed to manage these risks. In their, opinion, the procedures and systems are sufficient to manage the risks.

OBJECTS & ACTIVITIES

Alva Glen Heritage Trust's charitable purposes as per its constitution are;

Our activities for these purposes are;

ACHIEVEMENTS & PERFORMANCE

Monthly workdays with our volunteers continue to be well supported with many regulars attending most or all sessions. Volunteer numbers are growing, particularly in response to an advertising campaign on social media. Cake and chat after the work is done continues to be popular and enjoyable.

The volunteers have continued to maintain the Glen, covering a range of tasks including litter picking; edging paths and keeping them clear of leaves, branches and mud; treating wooden carvings, seats and picnic tables; weeding; mulching; pruning; and planting trees, flowers and bulbs.

A trellis was erected in one of the car park gardens thanks to a grant from Alva community Council.

A new bench was erected around the oak tree following the demise of the previous one through vandalism and old age.

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Photos and a summary of work done is posted on the AGHT Facebook page after each work session.

The continued closure of the path leading to the upper glen has restricted activities in this area. It is possible to reach the upper glen via a path west of the burn but the steepness of a section of this route makes it difficult to transport

Glen Life

The Northen Brown Argus colony in the upper glen continues to flourish. A survey in July found 60 eggs.

The sticky catchfly also had a good year with 140 flower spikes recorded.

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Illuminations

The Illuminations were very successful with around 4000 visitors who donated of over £6,000 to the charity. We are grateful for all the hard work put in by our volunteers and for financial support from Foundation Scotland (EDF Monies)

FINANCIAL REVIEW

Overview

The charity trustees have raised a total of £6,931 (2023: £4,453) in this financial year. The main funds being created from donations during the illustrations event. The total expenditure in this year was £7,815 which included the purchase of the bench and the costs incurred to enable the illuminations display. All of the restricted funding was expended in this year. We take the opportunity to thank Foundation Scotland and the Clackmannanshire Community Council for their support.

Fund Raising

The trustees have continued to optimise income through fundraising and are registered as a good cause with the Clacks Community Lottery administered through Clackmannanshire Third Sector Interface (CTSI) which is an online portal to assist with supporting good causes in the Clackmannanshire Area. This generated of £203 (2023: £238) which provides unrestricted income to be able to continue our charitable activities.

Reserves Policy

The reserves at the year end are £9,194 £ (2023: £6,257). The trustees regularly consider the level of reserves that they require to be able to ensure the future of the organisation and to ensure that they are able to undertake their work in maintaining one of Alva’s natural beauty sites. The trustees agree that they require to hold at least £3,000 in reserves. The trustees have presently met their target and the surplus monies will continue to be used to invest in maintaining the glen.

APPROVAL

This report was approved by the trustees on 8 August 2025 and signed on their behalf by:

Chair

FOR THE YEAR ENDED 31 DECEMBER 2024

INDEPENDENT EXAMINER’S REPORT

Independent Examiner's Report to the Trustees of Alva Glen Heritage Trust SCIO

I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages 8 to 11.

Respective responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ("the 2005 Act") and the Charities Accounts (Scotland) Regulations 2006 (as amended) ("the 2006 Regulations"). The trustees consider that the audit requirement of Regulation (10)(1)(d) of the 2006 Regulations does not apply.

It is my responsibility to examine the accounts under section (44)(1)(c) of the 2005 Act and to state whether particular matters have come to my attention.

Basis of Independent Examiner's Statement

My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner's Statement

In connection with my examination, no matter came to my attention:-

  1. which gives me reasonable cause to believe that in any material respect, the requirements

  2. to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and

  3. to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

  2. 7 -

STATEMENT OF RECEIPTS & PAYMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Receipts
Donations
Donations Go Fund Me
Clacks Community Lottery Income
Sponsorship
Donations - Illustration
Grants
5
Payments
Charitable Activities
6
Governance Costs _AGM
Purchase of Fixed Assets
Net movement in funds
Transfers between funds
Surplus/(Deficit) for year		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
70
-
70
-
416
-
416
-
203
-
203
238
50
-
50
6,192
-
6,192
-
-
-
-
4,215
6,931
-
6,931
4,453
2,826
2,339
5,165
1,326
150
-
150
50
2,976
2,339
5,315
1,376
-
2,500
2,500
-
2,976
4,839
7,815
1,376
3,955
(4,839)
(884)
3,077
(1,000)
1,000
-
-
2,955
(3,839)
(884)
3,077

The Notes on pages 10 to 11 form an integral part of these accounts.

STATEMENT OF BALANCES

AS AT 31 DECEMBER 2024

Unrestricted Restricted Total Total
Funds Reconciliation Note Funds
£		 Funds
£		 2024
£		 2023
£
Balance as at 01 January 2024 6,239 3,839 10,078 7,001
Surplus/(Deficit) for year 2,955 (3,839) (884) 3,077
Balance as at 31 December 2024 7 9,194 - 9,194 10,078
Bank & Cash Balances
Cash at Bank 9,193 - 9,193 10,070
Cash in Hand 1
9,194		 -
-		 1
9,194		 8
10,078
Other Assets
Bench 2,500 -
Liabilities
IE Expenses - - - 50

The Notes on pages 10 to 11 form an integral part of these accounts.

These accounts were approved by the trustees on 8 August 2025 and signed on their behalf by:

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

1. Basis of Preparation

These accounts have been prepared on the receipts & payments basis in accordance with:

There have been no changes to the basis of preparation or to the previous year’s accounts.

2. Fund Accounting

3. Taxation

4. Transactions with trustees and related parties

No remuneration or expenses was paid to trustees or any persons connected with them during the year (2023: £Nil)

5. Grants Received

CFSLA Payroll Grant
Alva Community Council Micro Grant
Foundation Scotland		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
-
-
-
-
-
-
-
250
-
-
-
3,965
-
-
-
4,215

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

6. Cost of Charitable Activities

Unrestricted Restricted Total Total
Funds
£		 Funds
£		 2024
£		 2023
£
Activities 173 - 173 302
Illuminations 1,856 - 1,856 -
Insurance 253 - 253 213
Rent 100 - 100 94
Maintenance and Repair 21 - 21 40
Equipment 193 - 193 127
Heat and Light 230 - 230 174
Community Council Projects - 250 250 -
EDF Projects - 2,089 2,089 376
2,826 2,339 5,165 1,326
7. Movements in Funds
As at As at
31/12/2023 Receipts Payments Transfers 31/12/2024
Unrestricted Funds £ £ £ £ £
General Fund 6,239 6,931 (2,976) (1,000) 9,194
Restricted Funds
Foundation Scotland _EDF Grant 3,589 - (4,589) 1,000 -
Alva Community Council Micro Grant 250 - (250) - -
3,839 - (4,839) 1,000 -
Total Funds 10,078 6,931 (7,815) - 9,194

8. Purpose of Funds

General fund

Unrestricted funds expendable at the discretion of the trustees in furtherance of their charitable purposes.

EDF Grant _ Foundation Scotland Restricted funds for improvements to the Glen and to replace lighting equipment for the biennial Alva Glen Illuminations event. The award will cover bulbs and plants to enhance the sensory garden and to extend the memorial garden at the Lade area. It will also fund a hexagonal steel bench with laser cut designs inspired by nature in the Glen, commissioned from GM Welding based in Alva, which will be installed around the oak tree in the lower Glen. There was a transfer of £1,000 from General Fund to the EDF Grant to cover expenses not covered by the grant.

.

Alva Community Council EDF Micro Grants – Restricted funding received to assist with covering cost of the entertainment licence and other expenses for the illumination events