Charity registration number SC037135 (Scotland)
SOUTH OF SCOTLAND COMMUNITY HOUSING
scio
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

SOUTH OF SCOTLAND COMMUNITY HOUSING
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LEGAL AND ADMINISTRATIVE INFORMATION
Trustoes
Senior management
Gharlty r•g15tratlon
Scotland
SC037135
Prlnclpal address
114 Drurnlanrig Street
rhomhill
DG3 5LS
Indopendent examlner
IAontpelier Professional {Galloway> Limited
l Dashwood Square
Newton Stewart
DG8 6EQ
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
IAE19 4JQ

SOUTH OF SCOTLAND COMMUNITY HOUSING
scio
CONTENTS
Page
Trustees, report
Statement of Trustges, responsibilities
Independent examiner's report
Statement of flnancial actlvities
Balance sheet
Note8 to the flnanclal statements
10-20

SOUTH OF SCOTLAND COMMUNITY HOUSING
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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 financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Charity's constitution, the Charities and Trustee Investment (Scotland) Act
2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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 IFRS 102)" (effective 1 January
2019).
Objectlves and actlvlt1•8
The charity's objects are as noted below. There has been no change 5n these during the year.
to provide, or assist with provision of, housing for persons in necessitous circumstances primarily in the
South of Scotland {the "Operating Area").,
to relieve the needs of persons suffering from mental or physlcal dlsability, illness, Impairment or old age,
through the provision, or assistance In the provision, of housing specially adapted to meet thelr
requirements, particularly in {but not limited to) the Operating Area.,
to advance communlty development prlmarily within the Operating Area;
to promote education, particularly in the field of housing,. and
to promote, establish operate andlor support other schemes and projects of a charftable nature for the
benefit of the communities prlmarily wlthin Ihe Operating Area.
The trustees have referred to the guidance contained In the Offlce of the Scottlsh Charity Regulator's general
guidance on public beneflt when reviewing thelr objectlves and In planning thelr future actlvltles. In partlcular, the
trustees consider how planned activities will contribute to the oblectlve8 they have set.
Grant m8klng pollcy
The charity does not distribute grants.

SOUTH OF SCOTLAND COMMUNITY HOUSING
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TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
Significant acliviti6s and achievements against objectives
The year ending 31 March 2025 was a busy period for the SOSCH team as we further Implemented planned groW(h
outlined within the organisational Business Plan. This involved continued implementalion of the desired team
structure, consolidation of our strategic role in Southwest Scotland and further extension of our support,
relationships and project work within new geographies. This was inclusive of a number of new engagements in
Dumfries and Galloway and notable progress towards project fundlng and delivery in South Ayrshire, South
Lanarkshire and Scottish Borders.
In early 2024 we formally entered into a Ihree-year joint core funding package between Scottlsh Government and
Nationwide Foundation, representlng the period from April 2023 - March 2026. This core grant enabled, across the
reporting period, a period of organisationally stabillty around financial plannlng and relative to the team. This grant
underpinned SOSCH activlty during the period, maklng a contributlon towards costs associated wlth Chlef
Executive, Business Manager, Programme Manager and 2 x Community-led Housing Coordinators.
March 2024 marked the end of our first 2-year Plannlng Grant with Oak Foundation which had underpinned our
organisational growth into new geographles. In September 2024 we entered into a second grant, a three-year
programme of support to fully fund the reinstatement of the Partnership and Learning Manager role. Dr Chri8
Dalglish was appointed into this Post.
With grant providers, Oak Foundation and Nationwide Foundation, we engaged wlth Learnlng Partners (Shella
McKechnie Foundation and Curiosity Society respectively) to support the overall work of SOSCH, consideratlon of
practice and organisalional approach and the capture of key learning.
SOSCH continued to focus on its role as a key strategic partner in Southern Scotland across the reporting perlod,
Followlng participation in a housing-focused Convention of the South of Scolland, we contributed as a key
stakeholder to the development of the South of Scotland Hou8ing Actlon Plan on behalf of the Regional Economic
Partnership. Launched In July 2024, this strategy underplnned support for community-led housing In Southern
Scotland and SOSCH were Invlted to loln the Action Plan's dellvery team (Strategic Actlon Group on Hou8lng).
DSrectly participatlon In one of the Key Action8 within thls strategy, SOSCH were comml88loned In November 2024
to undertake a study to quantify and evldence the scale, nature and geography of demand for Key Worker Housing
across the region. This work, which concluded in March 25, was undertaken on behalf of South of Scolland
Enterprise, Scottlsh Futures Trust, Dumfrles and Galloway Council and Scottish Borders Council. The study, led on
by our Partnership and Learning Manager, provlded a robust evldence base, havlng engaged a large number of
partners and stakeholders, but also proposed a range of delivery solutlons which have been adopted by the
Strategic Housing Group on Housing. This work has further enhanced SOSCH'S partnership work.
Around project support, Phase One of the landmark urban community-led regeneration prolect, Mldsteeple Quarter
in Dumfries. completed in November 2024. Named, 'The Standard, this development included six apartments, co-
working space, a retail unit and spaces for creative practice. Having supported this project since 2017, in 2024
SOSCH assisted In allocating the homes to Key Workers.
Also aligned to the South of Scotland Houslng Action Plan, we commenced a number of Housing Innovation
projects over the latter phase of the reporting perlod. These have brought together community organisalions,
providers of new housing typologies, SOSCH and South of Scotland Enterprise to collaborate around solutions that
will assist with some of the key challenges our work has faced around development cost. These projects are in
Closeburn, Penpont, Newcastleton and Stow and, at the close of the period, have concluded outline feasibility work,
moving towards planning application.
Knowledge exchange continued to feature strongly for SOSCH acros5 the period. In June 2024 we attended the
first annual General Assembly of the European Community Land Trust in Berlin, having participated as an inaugural
member in the development of this ne￿Ork.

SOUTH OF SCOTLAND COMMUNITY HOUSING
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TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Operational financial challenges related to the fact that our five-year grant relationship with Nationwlde Foundation
was due to conclude in June 2023, with Scottish Government funding having been absent since 2020. v￿rkIng in
close partnership with Communities Housing Trust and Nationwide Foundation, and aligned to Rural and Islands
Housing Action Plan outcomes, SOSCH worked to lobby Scottish Government around the significance of providing
financial support to enabling organisations in order to facilitate delivery of new homes. This process was successful
and, from July 2023, we entered into a three-year core funding package, jointly provided by Scottish Government
and Nationwide Foundation.
This funding package allowed SOSCH to consolidate the team, but al80
implementation, recruit for the key role of Programme Manager in January 2024.
agaln, relative to Business Plan
Flnanclal r8vlew
Net income for the year wa8 a detlclt of £4,796 (2024.. surplus £98,208). Funds carried forward were £709,298 of
which £450,353 were restricted.
ReseNes policy
Under the requirement of charSty law the trustees are obliged to define the charity's policy for holdlng reserves. The
intention in establishlng this reserve polScy Is to ensure the continuation of the charity's actlvitie8. The policy will
enable the chanty lo meet ils legal objectives, provide confidence to supporters and donors seekSng to gSve financlal
support to a prudenlly controlled charity and ensure that the reserves are at a level sufficient to discharge all of the
charily's obligations in the event that it should cease operations. A large proportion of the charity'8 reserves are
held In bank accounts and fixed assets It Is the directors considered opSnion that in the unlikely evenl of the charity
having to cease its operations there should be sufflclent reserves avallable to allow for the charity's obligalions to be
discharged. This in not considered likely in the foreseeable future. The reserve3 which the charity 18 required to
maintain are those needed to fund ongolng monthly costs and further development. To thls end the trustees have
decided that the charity should seek to have unrestricted reserves which are not invested in fixed assets (free
reserves) of a sum equal to nol less than 3 months general runnlng costs of the charily e8timated at £70,000.
At present Ihe free reserves which amount to £256,972, do meet the reserves pollcy and therefore the trustee$
consider the charity a going concern.
Investment pollcy
Under the constitution, the charity has the power to make Investment8 whlch the trustees see fit.
Major nsks
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in
place to mitigate exposure to the major risks.

SOUTH OF SCOTLAND COMMUNITY HOUSING
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TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future periods
As we move into the 2025126 financial year, the organisation is placing a particular 8mpha$is upon moving
number of key projects forward towards a sile start. In particular. we anticipate that construction lender documents
will be issued for projects in Ta￿aS Valley and Kelloholm in summer 2025. We will continue to develop the Housing
Innovation projects through partners around the South of Scotland Housing Action Plan and will prioritise a range of
projects across new geogra￿leS currently at the planning stage.
At a strategic level, our focus over the next year will be on the Scottish Parliamentary ele¢tlDn in May 2028. In the
lead up to this, we plan to launeh a Cornmjnily-led Housing Alliance with key partner3 including Communities
Housing Tru.8t 2nd C.nmmiJnty l_and Scotland Thig work wll 99gk to d•volop 2 cohesivo voice for community-lod
housing across all of Scotland. whilst also producing a Manifesto and seeking to influence strong policy support
within individual political parties.
Building upon the success ofthe Key Worker Houslng report, we Intend lo progress 8 range of other opportunities in
analytical research across the 2025126 period. This is likely to be inclusive of further work around Key Worker
Housing in other regions and consideration of partnership working between Gommunities and Housing Associalions.
Wia the Strategic Action Group on Housing, the team has also been asked to collaborate to produce a delivery
strategy forthe Key Worker report and this wo.k is ongoing.
From April 2025, our organisational attention will also focus on the fact we have entered the final year of our core
grant wlth Scottish Govemment and Nationwide Foundation. This consideration will impact upon financial planning.
political lobbying, consideralion of relafjonsh#s wllh exlsting funders and the seeking of engagement with new
funders. It is our intention to commission an irdependent financlal sustalnabillty ievlew durlng thls perlod.
Overall, this has been a period that has extended the breadth of SOSCH'S work. influerbce and impact. As we move
into the new reporting period, the Organisati￿ Is presented wth a range of opportunities lo progress delivery on
exciting and innovative housing projects, to enter into new partnership and collaborations and to extend our
programme of research. We will continue to face challenges around fvture financlal sustalnability and relenlion ol
the overall team, bul WAI do so from a positive position.
structurn, govamance and management
The charity is a Scortlsh Charitable Incorporated Organisation. having converted from a limited company during the
year. The charlty Is governed by Its constitution.
The Trustees who served durino the
ear and IJ
+0 the date of si
nature of the fin
I statements were:
Recruitment and appointment of tnistees
As set out in the constilution. the chairman of the trustees is nominated by the trustees, who are elected annually by
the members of the charity attending theAnnual General Meeting.
Appointed and elected trustees are norninated to the Board by their respective member organisations. Co-opled
trustees are invited to the Board by current Tiustees after assessing the potentlal contribution the individual could
maKe to the organisation. New trustees are briefed on the operab'on of the charity, and rneet the key staff, and are
also infortned of a trustees responsibllitles.
To facilitate effective oFefations Mr M Staple5 has been delegated aulhoilty for operatlonal matters.

SOUTH OF SCOTLAND COMMUNITY HOUSING
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TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025

SOUTH OF SCOTLAND COMMUNITY HOUSING
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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 Accepled Accounting
Practice)
The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial
year which give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the charity for that year.
In preparing these financial statements, the Trustees are required to..
selecl suitable accounting policies and then apply them consistently,,
observe the melhods and principles in the Charlties SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether appllcable accounting standards have been followed, subject to any materlal departures disclosed
and explained in the financial statements., and
prepare the financial statements on the golng concern ba81s unless It Is Inappropriate to presume that the charSty
will continue in operation.
The Trustees are responsible for keeping sufficient accountlng records that dlsclose with reasonable accuracy at
any time the financial position of the charity and enable Ihem to ensure thal the financial statemen ts comply wlth the
Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulatlons 2006 and the
provisions of the trust deed. They are also responsible for safeguardlng the assets of the charity and hence for
taking reasonable steps for the preventlon and deleclion of fraud and other irregularitles.

SOUTH OF SCOTLAND COMMUNITY HOUSING
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INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SOUTH OF SCOTLAND COMMUNITY HOUSING
I report on the financial statements of the charity for the year ended 31 Marth 2025, whiGh are set out on pages 8 to
20.
Re6poctlVg rgsponsibilitlos of Trustee8 and examlner
The charity's Trustees are reJpon3ible for the preparation of the flnanGlal slatements In accordance with the lenns
of the Charities and Trustee Investment (Scotland) AGI 2005 and the Charilies Accounts (Scotland) Regulatlons
2006. The charity Trusteès consider that the audit requirement of Regulation 10(1)(a>-(c) of the Charities Accounts
{Scolland) Regulations 2006 does not apply
It is my responsibility to examine the financial statement3 as required under se¢tlon 44(1 }(c> of Ihe Charltles and
Trustee Investment {Scotland) Act 2005 and to Étate whether particular matters have come to my attention.
Ba81B of independont •x•mlnor'8 8tat•rnont
My examinabon was carried out In aG¢ordance with Regulatlon 11 of the 2006 Accounls Regulations. An
exarnination include8 a review of the accounting records kept by the charity and a cornparlson of the accounts
presented with those record6. It also includes consideration of any unusual items or disGlosures In the accounts,
and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not
provide all the eviden￿ that would be required in an audit and consequently I do not express an audit opinion on
the VEW given by the accounts
Indep8nd8nt •xamin•r's gtat•mgnt
Since the charity has prepared its financial slatements on an accruals bas18 and is 8180 registered In Scotland, the
independent examiner musl be a member of a body listed in Regulation 11 {2) of the Charitie$ Accounts (Scotland)
Regulations 2006. 1 confirm that l am qualified to undertake the examination becau8a l am a member of Chartered
Accountants Ireland. which is one of the listed bodies.
In the course Df my exarnination, no matter has come to my attenllon
1. which gives me reasonable cause to believe that in any material respect the requirements..
to keep accounting records in accordance with Section 44(1 I(al of the Charities and Trustee Investrnent
(Scoland) Acl 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulats'ons 200S. and
to prepare financial statements which accord with the accounting records and comply with Regulalion 8 of
ttte Charities Accounts (Scoland) Regulations 2006
have not been met, or
2. to whiGh, in rny opinion, attention should be drawn In order lo enable a proper understandlng Of the financlal
statements to be reached.
Lhartered Accountants Ireland
Montpelier Professional (Galloway) Limited
1 Dashwood Square
Newton Stewart
DG8 6EQ
Date..

SOUTH OF SCOTLAND COMMUNITY HOUSING
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STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restrictsd
funds
funds
2025
2025
Total Unrestrlcted Restrlcted
funds
funds
2024
2024
Total
2025
2024
Note8
Income from:
Donations and legacies
Charltable activities
Investments
196,050
196,050
72,403
6,848
173,644
173,644
107,369
5,900
72,403
6,848
107,369
5,900
Total Income
79.251
196,050
275,301
113,269
173,644
286,913
Expendlturo On:
Charitable activities
27,211
253,066
280,277
19,553
175,152
194,705
Totsl expondlture
27,211
253,066
280,277
19,553
175,152
194,705
Net gainslllosses) on
investments
11
6,000
8,000
Net Incornel(expendlture
52,040
(57,016)
(4,976)
93,716
4,492
98,208
Transfers be￿een
funds
1,098
(1,098)
548
(548)
Net movement In
funds
53,138
(58,1141
(4,976)
94,264
3,944
98,208
Reconciliatlon of fundg:
Fund balances at 1 April 2024
205,807
508,467
714,274
111,543
504,523
616,066
Fund balances at 31 March
2025
258,945
450,353
709,298
205,807
508,467
714,274
The statement of financial actlvities includes all gains and losses recognised In the year. All Income and expenditure
derive from continuing activities.

SOUTH OF SCOTLAND COMMUNITY HOUSING
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BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Flxed assets
Tangible assels
Investment property
13
14
1,973
132,000
1,368
132,000
133,973
133,368
Curr6nt assets
Debtors
Cash at bank and in hand
15
16,100
569,568
54.675
533,571
585,668
588,246
CreditorJ: arnounts falllng due wfthln
one year
16
(10.343)
17,340)
Net current assèts
676,325
580,906
Total a8$•ts 1088 curront Ilabllltlos
709,298
714,274
Tho funds of the Gharfty
Restricted income fund3
Unrestricted funds
18
19
450,353
258,945
508,467
205,807
709,298
714,274
The financial statements were apwoved by the Trustees on c'&. 11 . If

SOUTH OF SCOTLAND COMMUNITY HOUSING
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charlty Information
South of Scotland Community Housing is a Scottish Charitable Incorporated Organlsation.
1.1 Basls of preparatlon
The financial statements have been prepared in accordance with the charlty's governing document, the
Charities and Trustee Investment (Scolland) Act 2005, the Charities Accounls (Scotland) Regulalions 2006,
FRS 102 "The Financlal Reporting Standard applicable in the UK and Republic of Ireland and the Charities
SORP Accounting and Reportlng by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts In accordance with the Flnancial Reporting Standard applicable In the UK and
Republic of Ireland (FRS 1021 The charity Is a Public Beneflt Enlily as defined by FRS 102.
The charity has taken advantage of the provisions In the SORP for charitie8 not to prepare a statffnenl of
cash flows.
The flnanclal statements are prepared in sterling, which is the functional currency of the charlty. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the hlstorical cost conventlon, modlfied to include the
revaluatlon of freehold properties and to include investment propertles and certaln financial instruments at falr
value. The principal accounting policies 8dopted are set out below.
1.2 Going concern
At the time of approvlng the financSal statements, the Trustees have a reasonable expectallon that the charity
has adequate resources to contlnue in operational existence for the foreseeable future. Thus the Trustees
continue lo adopt the golng concern basls of accountlng in preparlng the financlal statements,
1.3 Charltabla funds
Unrestricted funds are available for use at the dlscretlon of the Trustees in furtherance of thelr charltable
objectives.
Restricted funds are sublect to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognlsed when the charlty Is legally entitled 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 donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation. unless 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 receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
1.5 Expendlture
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of
any VAT which cannot be recovered.
10

SOUTH OF SCOTLAND COMMUNITY HOUSING
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies
Icontlnued)
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuatlon, net of
depreciation and any irnpairment losses.
Depreciation is recognised so as to write off the cost or valuatlon of assets less their residual values over thelr
useful lives on the following bases..
Plant and equipment
20% on reduclng balance
The gain or loss arising on the disposal of an asset18 determined as the difference between the sale proceeds
and the carrylng value of the asset, and is recognised in the statement of flnancial actlvities.
1.7 Investment property
Investment property, whlch is property held to eam rentals andlor for capltal appreciation, Is Inltially
recognised at cost, which includes the purchase cost and any directly attributable expendlture. Subsequently
It is measured at fair value al the reporting end date. The surplus or deflclt on revaluation Is recognlsed In
profit or loss.
1.8 Impalrment of flxed a8sets
At each reporting end date, the Charity reviews the carrying amounts of Its tangible assets lo determlne
whether there Is any Indication that those assets have suffered an Impalrment loss. If any Such indlcation
exists, the recoverable amount of the asset 18 estimated in order to determine the extent of the Impalrment
loss (if any).
1.9 Cash and cash equlvalents
Cash and cash equivalents Include cash Sn hand, deposlts held at call wlth banks, other short-term Ilquld
Investments with origlnal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
withln borrowlngs In current liablllties.
1.10 Flnanclal In8trum8nts
The charity has elected to apply the provislons of Section 11 'Basic Financial Instrument8, and Sectlon 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial inslrumenls.
Financial instruments are recognlsed in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financlal statements, when
there is a legally enforceable right to Set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc flnancial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried at amortised cost using the effeclive
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
classified as receivable within one year are not amortised.
11

SOUTH OF SCOTLAND COMMUNITY HOUSING
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Basic flnancial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilitles classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate mgthod.
Trade creditors are obllgations to pay for goods or servlces that have been acqulred in the ordlnary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less If not, they are presented as non-current liabilities, Trade credltors are recognlsed initially at
transactlon pnce and subsequently measured at amortised c08t uslng the effectlve interest method.
Derecognltlon of flnanclal Ilabllltles
FinanGlal liabilities are derecognised when the charity's contractual obllgations expire or are discharged or
cancelled.
1.11 Employee beneflts
The cost of any unused holiday entitlement18 recognlsed In the perlod in whlch the employee's servlces are
received.
TerminatSon benefits are recognlsed Immedlately as an expense when the charlly Is demonstrably commltted
to terminate the employment of an employee or to provide termination benefits.
1.12 Rètlremant beneflts
Payments to defined contrlbution retlrement benefit Schemes are charged as an expense as they fall due,
Crltlcal accountlng 08tlmatss and Judgements
In the applicatSon of the Gharity's accounling pollcies, the Trustees a￿ requlred to make judgemenls,
estimates and assumptions about the carrying amount of assets and liabilities that are not readlly apparent
from other sources The eslimates and associated assumptions are based on historical experlence and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donatlons and legaclos
Restrlcted
fund8
2025
Restrlcted
funds
2024
Grants
196,050
173,644
12

SOUTH OF SCOTLAND COMMUNITY HOUSING
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from donatlons and legacles
Icontlnued
Rostrlcted
funds
2025
Restrlcted
funds
2024
Grants
Nationwide Foundation
Oak Foundation
South of Scotland Enterprlses
Scottish Govemment
39,525
49,525
52,044
15,600
106,000
107,000
196,050
173,644
Income from charltable actlvltles
UnroBtrlctod Unr08trlcted
funds
fund8
2025
2024
Prov181on of rural hou81ng
Primary purpose consultancy
CharStable rental income
67,500
4,903
102,814
4,555
72,403
107,369
Income from Investments
Unre8trlcted Unrestrlcted
funds
funds
2025
2024
Interest receivable
6,848
6,900
13

SOUTH OF SCOTLAND COMMUNITY HOUSING
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expendlture on charltsble activities
Charltable
activitles
2025
Charltsble
activities
2024
Dlrect costs
Staff costs
Legal and professional fees
Clock Tower renovation
Training costs
New Galloway redevelopment
Staff travel
196,940
132,685
634
9,531
360
9,780
15,600
23,344
20,018
245,664
183,228
Share of support and governance costs (see note 7)
Support
Governance
32,211
2,402
29,819
1,658
280,277
194,705
Analys18 by fund
Unrestricted fund8
Restricted funds
27,211
253,066
19,553
175,152
280,277
194,705
Support C08ts allocated to actlvltlo8
2025
2024
Staff costs
Depreciation
Telephone
Postage & Stationery
Advertising
Sundry
Insurance
Governance costs
24,796
493
1,038
212
664
2,587
2,421
2,402
23,418
342
779
958
2,101
2,221
1,658
34,613
31,477
Analysed between:
Charitable activities
34,613
31,477
14-

SOUTH OF SCOTLAND COMMUNITY HOUSING
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to actlvities
Icontlnued
2025
2024
Governance costs comprlse:
Accountancy
2,402
1,658
2,402
1,658
Net movement In funds
2025
2024
The net movement In funds Is stated after chargingllcredlting)..
Fees payable for the independent examlnatlon of the charlty's financial
statements
Depreciation of owned tangible fixed assets
2,402
493
1,658
342
Trustees
None of the Trustees lor any persons connected wlth them) recelved any remuneratlon or beneflts from the
charity during the year.
There were no re-imbursements of expenses paSd to any of the Trustees by the durlng the year.
The charlty ha8 Trustees Indemnlty Insurance In place.
10 Employees
The average monthly number of employees during the year was..
2025
Number
2024
Numbor
Development workers
Admlnlstration
Total
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
192,236
17,678
11,822
136,971
8,730
10,402
221,736
156,103
There were no employees whose annual remuneration was more than £60,000.
15

SOUTH OF SCOTLAND COMMUNITY HOUSING
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Employees
(Contlnued)
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
The Chief Executive and the Trustees are considered the Key Management Personnel. The remuneratSon
paid for the year (including employer pension contributlon8 and employer National Insurance contributions)
were £65,424 (2024.. £60,772).
11 Gain8 and1088e8 on Investments
Restrlcted
fund6
2025
Restrlcted
fund8
2024
Gainslllosses) art81ng on..
Revaluatlon of Investment propertles
6,000
12 Taxatlon
The charity 18 exempt from tax on income and gains falling within Sectlon 505 of the Taxes Act 1988 or 8ectlon
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to Its charltable objects,
13 Tanglbla flxed assets
Plant and
•qulpmont
Cost
At 1 Aprll 2024
Additions
3,058
1,098
At 31 March 2025
4,156
Depreclatlon and Impalrment
At 1 April 2024
Depreciation charged in the year
1,690
493
At 31 March 2025
2,183
Carrylng amount
At 31 March 2025
1,973
At 31 March 2024
1,368
14 Investment property
2025
Fair value
At 1 April 2024 and 31 March 2025
132,000
16-

SOUTH OF SCOTLAND COMMUNITY HOUSING
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Investment property
IContlnued>
The carrying value of land included in investment propertles comprises..
2025
2024
Freehold
132,000
132,000
15 Debtorn
2025
2024
Amounts falllng due wlthln one year:
Trade debtors
16,100
54,675
16 Credltor8: amounts falllng due wlthln one year
2025
2024
Other taxatlon and social security
Accruals and deferred Income
4,794
5,549
3,693
3,647
10,343
7,340
17 Retlrement beneflt schemes
2025
2024
Deflnod contrlbutlon s¢heme8
Charge to profit or loss In respect of defined contribution schemes
11,822
10,402
The charity operates a defined contributlon pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund. At the year end
£1,190 was owed to the pension scheme {2024'. £9961.
17-

SOUTH OF SCOTLAND COMMUNITY HOUSING
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Restrlcted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 Aprll
2024
Incomlng
re8ource8
Resources
expended
Transfers
Galns and At 31 March
108888
2025
Rural Housing
Buyback Fund
Scottish
Government
Oak Foundation
Castle Douglas
Clock Tower
Project
NWF-2
SOSE Housing
Investigation
287,750
287,750
26,759
107,000
49,525
(133,759)
{26,147)
23,378
148,231
30,127
(9,780)
167,780)
138,451
774
39,525
{1,098)
15,600
115,600)
508,467
196,050
<253,066)
{1,098)
450,353
Prevlou8 year:
At 1 Aprll
2023
Incomlng
re8ourc88
Ro8ourc08
axpendod
Transfern
Galns and At 31 March
108808
2024
Rural Houslng
Buyback Fund
Scottish
Government
Decent
Affordable
Home
Programme
Oak Foundation
SEHP
Castle Douglas
Clock Tower
Project
NWF-2
SOSE Housing
Investigation
281,750
6,000
287,750
106,000
(79,241 >
26,759
3,079
37,500
24,432
11,544
(14,075)
(37,500)
(24,432)
1548)
157,762
(9,531)
{10,373)
148,231
30,127
40,500
15,600
15,600
504,523
173,644
{175,152)
(548)
6,000
508,467
18

SOUTH OF SCOTLAND COMMUNITY HOUSING
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Restricted funds
(Contlnued)
Rural Housing Buyback Fund- funds to enable the acqLJlsltlon af homes with Rural Housing Burden.
Scottish Government
Nationwide Foundation.
core funding to assist with salary and expense costs, Sn partnership with The
Oak Foundation - funding to cover Partnership & Learnlng Manager Salary and all associated cost8,
Castle Douglas Clock Tower Project- grant to fund the acquisition and redevelopment of an empty home from
Castle Douglas Common Good..
NWF 2 - core fundlng to assist with salary and expense costs, in partnership with the Scottish Government.
The transfer relates to capital expenditure in the year.
SOSE Housing Investigation lo fund pre-acquisition Investigation of exlstlng housing in New Galloway.
19 Unrestrlcted fund8
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
nol subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aslde out of unreslricled funds by the trustees for specific purposes.
At 1 Aprll
2024
In¢omlng
ro8ource•
R88ourc98
exponded
Transfers At 31 March
2025
General funds
205,807
79,251
{27,211)
1,098
258,945
Prevlous year:
At 1 Aprll
2023
Incomlng
ro8ources
Resources
oxpendod
Transfers At 31 March
2024
General funds
111,543
113,269
{19,5531
548
205,807
20 Analy818 of net a88ets between funds
Unrestrlcted
fund8
2025
Restrlcted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Investment properties
Current assetsl(liabilities)
1,973
1,973
132,000
575,325
132,000
318,353
256,972
258,945
450,353
709,298
19-

SOUTH OF SCOTLAND COMMUNITY HOUSING
scio
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Analysls of net assets between funds
(Contlnued)
Unrestrlcted
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Investment propertSes
Current assetsl(liabilities)
1,368
1,368
132,000
580,906
132,000
376,467
204,439
205,807
508,467
714,274
21 Related party tran8actlon8
There were no disclosable related party transactions during the year.
-20-