**REGISTERED COMPANY NUMBER: SC316989 (Scotland) REGISTERED CHARITY NUMBER: SC037988**
## **Report of the Trustees and**
**Unaudited Financial Statements For The Year Ended 31 March 2026**
**for**
**REAP**
The Long Partnership 4 North Guildry Street
Elgin Moray IV30 1JR
## **REAP**
## **Contents of the Financial Statements For The Year Ended 31 March 2026**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Balance Sheet**|8|to|9|
|**Notes to the Financial Statements**|10|to|19|
|**Detailed Statement of Financial Activities**||20||
**REAP**
## **Report of the Trustees For The Year Ended 31 March 2026**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. 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**
The Company's Charitable Purposes are as per Clause 4 of the Memorandum of Association:
- 4 (a) The Charitable Purposes of the Company ("the charitable purposes") are to work with local groups and agencies to encourage social enterprise, promote sustainable development and raise environmental awareness.
- 4(b) In furtherance thereof, but not otherwise, the Company shall seek to support volunteers and agencies to identify challenges and work jointly towards solutions which make people the centre of decision making in their community. The company's objects and principal activities are:
- To promote and support equitable economic solutions;
- To raise environmental awareness and promote action to enhance our shared environment;
- To promote cohesive communities that have the ability to meet their own needs;
- To deliver a professional service by integrating an ethical approach and financial viability.
The main objects and activities for the year remain: To continue with the Board's three main themes:
a) Working to promote locally grown food
b) Tackling fuel poverty
c) Developing revenue generating activities in line with REAP's aims and objectives.
Page 1
## **REAP**
## **Report of the Trustees For The Year Ended 31 March 2026**
## **ACHIEVEMENTS AND PERFORMANCE REAP Local Food and Growing Work**
REAP continued its local food and growing work in Elgin and Keith. Our gardening projects support individuals' wellbeing through nature-based activities such as gardening and plant care. In addition to improving the mental and physical health of local people in rural communities, this work contributes to a greener future by promoting local food production and composting, thereby helping to reduce greenhouse gas emissions. Our overarching aims are to strengthen mental health resilience, reduce health inequalities, and foster community integration through local food growing.
## **Therapeutic Gardening - Oaks Garden, Elgin**
REAP continued to deliver the therapeutic garden project in Elgin, where a range of gardening-based activities is available. The sessions are open to the wider community, with a particular focus on people experiencing poor physical or mental health, isolation, and/or bereavement.
## **Nature Support Action (NSA) - Glebe Garden, Keith**
This project benefits residents of Keith, including Strathisla, as well as the wider environment. Nature Support Action was established to improve quality of life in rural communities while promoting sustainable environmental practices. The project delivers multiple benefits through nature-based solutions that help address issues such as flooding, drought, and pollution, while also promoting biodiversity, thereby supporting more sustainable communities. These interventions improve wellbeing, support local growing activity, help reduce food insecurity, and encourage care for the environment.
## NHS Charity Community Grants
The Community Grants Programme aims to support Grampian's community organisations and local charities to develop projects that improve the health and wellbeing of the people of Grampian. This fund helped to set up a therapeutic gardening project to provide a unique way for vulnerable people in Keith to tackle low mood and isolation, fostering a strategic and preventative approach to improving community mental health. The project provided two therapeutic gardening sessions twice a week to support mental health resilience of vulnerable people in Keith.
## **REAP Anti-Fuel Poverty Work**
## **Scottish Gas Networks - Safe and Warm**
REAP continued to deliver its energy advice work through the Scottish Gas Networks Safe and Warm programme, which funded two Energy Adviser posts, and one day per week of Office Administrator support. Our aim remains to provide a free and impartial energy advice service across Moray.
Given the additional pressures created by high fuel costs, demand for REAP's energy work has remained high. REAP continues to work in partnership with the Fuel Bank Foundation to process emergency fuel vouchers, supported by the Scottish Government. Households in Moray with prepayment meters can receive a voucher by text message and redeem it at a local shop.
Securing additional funding and continuing to meet increasing levels of client need remain ongoing challenges.
## **Other Energy Work - NEA/SEGB (RTS and Smart Meter) and TSI Moray (commissioning fee)**
With funding from NEA/SEGB, REAP provided support in relation to the Radio Teleswitch Service (RTS) transition and smart meter awareness. This work aimed to help households understand upcoming changes, access appropriate advice, and reduce the risk of disruption to their heating and hot water arrangements.
REAP has also been at the forefront of raising the awareness of carbon monoxide danger in communities as well as promoting the use of smart meters to help vulnerable households save money on their energy bills.
REAP also supported households affected by the RTS changeover by raising awareness of the timetable, signposting residents to appropriate suppliers and services, and helping vulnerable clients understand the options available to them.
REAP also worked to support energy efficiency among community groups and village halls, with funding from the Scottish Government administered through tsiMORAY.
## **REAP Enterprise Work**
Page 2
**REAP**
## **Report of the Trustees For The Year Ended 31 March 2026**
## **Community Fund Administration**
REAP continued to administer the Hill of Towie Wind Farm Community Benefit Fund Grant Scheme, funded by the developer RES Ltd. REAP has carried out the administration of this fund since it launched in 2012. REAP also administers the Edintore Wind Farm Community Benefit Fund, funded by the developer Edintore Wind Farm Ltd, having won the tender in June 2016. Local awareness of both funds is good and REAP continues to provide support to applicants where needed.
## **REAP as an employer**
During the year, the company employed a total of 15 individuals, with an average monthly headcount of 9 employees, equivalent to 6 full-time employees (FTEs). REAP remains committed to being a good employer and continues to improve pay and conditions for staff, including flexible working and family-friendly policies. Regular catch-ups have helped staff manage their time, workload, family commitments, and new responsibilities effectively. REAP recognises the importance of supporting staff wellbeing and has continued to strengthen its organisational aims while providing an enabling environment in which staff can flourish in their roles.
## **Volunteers**
REAP's work continues to benefit from the enthusiasm, experience and commitment of volunteers which helps our connections in the local communities in Moray. REAP Board members are volunteers, and REAP's projects are enhanced by volunteers of all ages.
Despite some resignations during the financial year, all Board members continued to contribute significant hours of work in support of staff across various projects.
Page 3
## **REAP**
## **Report of the Trustees For The Year Ended 31 March 2026**
## **FINANCIAL REVIEW**
## **Funders**
REAP could not operate without the support of funders for its charitable activities. During the year, REAP received grant funding from the following organisations:
From April 2025 to March 2026:
The Robertson Trust (RT) Scottish Gas Network (SGN) The National Lottery (TNL) People's Postcode Trust (PPT) Moray Local Action Fund (MLAF) National Energy Action (NEA)/SEGB GrantScape - Statkraft Moray Client Action Network (Moray CAN) Good Things Foundation Tesco Groundwork NHS Grampian TSI Moray
## **Reserves**
It is the policy of the charity to build up unrestricted funds, which are the free reserves of the charity, to a level which are sufficient to cover management, redundancy fees, administration and support costs for a period of three months minimum and 6 months maximum.
The level of unrestricted funds held at the year-end was £160,473 of which £16,746 is represented by fixed assets, and £63,450 was designated as emergency reserves to cover management fees.
Restricted funds are funds which are used in accordance with the specific restrictions imposed by donors or which have been raised by the charity for a specific purpose.
The level of restricted funds held at the year end was £94,222.
## **Organisational structure**
The Board of Trustees continued to meet mainly in-person and are responsible for the strategic direction, policy and financial control of the charity.
The Board receives a financial report at each meeting. The Lead Staff attend the Board meetings and report on all areas of project delivery, employee matters, administration, and day to day management.
## **Risk**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and employer contractual obligations and are satisfied that systems are in place to mitigate its exposure to major risks.
## **Investment powers**
The charity has the power to invest surplus funds as it believes appropriate.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
SC316989 (Scotland)
## **Registered Charity number**
SC037988
Page 4
## **REAP**
## **Report of the Trustees For The Year Ended 31 March 2026**
## **Registered office**
177 Mid Street Keith Banffshire AB55 5BL
## **Trustees**
Mr S Macbeath Ms A Stafford Mr M C Onyeiwu (resigned 5.11.25) Ms E Foster Ms P Jowett (resigned 6.3.26) Ms L McNeill Ms P Jowett (appointed 14.4.26)
## **Independent Examiner**
Alan Long FCA The Long Partnership 4 North Guildry Street Elgin Moray IV30 1JR
Approved by order of the board of trustees on 4 August 2026 and signed on its behalf by:
Ms E Foster - Trustee
Page 5
## **Independent Examiner's Report to the Trustees of REAP**
I report on the accounts for the year ended 31 March 2026 set out on pages seven to nineteen.
## **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 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeking explanations from you as 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 has come to my attention :
- (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)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Alan Long FCA
The Institute of Chartered Accountants in England and Wales
The Long Partnership 4 North Guildry Street Elgin Moray IV30 1JR
4 August 2026
Page 6
## **REAP**
## **Statement of Financial Activities For The Year Ended 31 March 2026**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
25,501
138,599
Other trading activities
2
14,807
-
Investment income
3
756
-
**Total**
41,064
138,599
**EXPENDITURE ON**
**Charitable activities**
Community Gardening Project
-
15,017
Energy Advice Project
-
73,704
Therapeutic Gardening Project
-
32,788
Office costs
49,604
-
Fuel Payments Grants
-
-
Community Hub & Other Projects
44,903
22,128
**Total**
94,507
143,637
**NET INCOME/(EXPENDITURE)**
(53,443)
(5,038)
**Transfers between funds**
11
10,729
(10,729)
**Net movement in funds**
(42,714)
(15,767)
**RECONCILIATION OF FUNDS**
Total funds brought forward
203,187
109,989
**TOTAL FUNDS CARRIED FORWARD**
160,473
94,222|31.3.26
Total
funds
£
164,100
14,807
756
179,663
15,017
73,704
32,788
49,604
-
67,031
238,144
(58,481)
-
(58,481)
313,176
254,695|31.3.25
Total
funds
£
269,854
14,590
860|
|---|---|---|
|||285,304|
|||31,341
141,649
26,669
25,617
30
51,700|
|||277,006|
|||8,298
-|
|||8,298
304,878|
|||313,176|
The notes form part of these financial statements
Page 7
## **REAP**
## **Balance Sheet 31 March 2026**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
8
16,746
-
**CURRENT ASSETS**
Debtors
9
918
8,000
Cash at bank and in hand
264,465
86,222
265,383
94,222
**CREDITORS**
Amounts falling due within one year
10
(121,656)
-
**NET CURRENT ASSETS**
143,727
94,222
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
160,473
94,222
**NET ASSETS**
160,473
94,222
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|31.3.26
Total
funds
£
16,746
8,918
350,687
359,605
(121,656)
237,949
254,695
254,695
160,473
94,222
254,695|31.3.25
Total
funds
£
37,644
27,029
267,824
294,853
(19,320)
275,532
313,176
313,176
203,187
109,989
313,176|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 8
## **REAP**
## **Balance Sheet - continued 31 March 2026**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 4 August 2026 and were signed on its behalf by:
Ms E Foster - Trustee
The notes form part of these financial statements
Page 9
**REAP**
## **Notes to the Financial Statements For The Year Ended 31 March 2026**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. 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 each asset over its estimated useful life.
Plant and machinery - 15% on cost Computer equipment - 33% on cost
## **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.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||31.3.26|31.3.25|
||£|£|
|Other income|14,807|14,590|
continued...
Page 10
## **REAP**
## **Notes to the Financial Statements - continued**
## **For The Year Ended 31 March 2026**
## **3. INVESTMENT INCOME**
|**3.**|**INVESTMENT INCOME**|||
|---|---|---|---|
|||31.3.26|31.3.25|
|||£|£|
||Deposit account interest|756|860|
|**4.**|**NET INCOME/(EXPENDITURE)**|||
Net income/(expenditure) is stated after charging/(crediting):
||31.3.26|31.3.25|
|---|---|---|
||£|£|
|Depreciation - owned assets|20,898|22,295|
|Deficit on disposal of fixed assets|-|79|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.
## **6. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **7.**
|
Part time
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2,998
Other trading activities
14,590
Investment income
860
**Total**
18,448
**EXPENDITURE ON**
**Charitable activities**
Community Gardening Project
-
Energy Advice Project
-
Therapeutic Gardening Project
-
Office costs
25,617
Fuel Payments Grants
-
Community Hub & Other Projects
-
**Total**
25,617|31.3.26
9|31.3.25
10
Total
funds
£
269,854
14,590
860|
|---|---|---|
||Restricted
funds
£
266,856
-
-
266,856
31,341
141,649
26,669
-
30
51,700
251,389||
|||285,304|
|||31,341
141,649
26,669
25,617
30
51,700|
|||277,006|
continued...
Page 11
**REAP**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2026**
|**7.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**- continued**||
|---|---|---|---|---|
||Unrestricted||Restricted|Total|
|||funds|funds|funds|
|||£|£|£|
||**NET INCOME/(EXPENDITURE)**|(7,169)|15,467|8,298|
||**Transfers between funds**|49,078|(49,078)|-|
||**Net movement in funds**|41,909|(33,611)|8,298|
||**RECONCILIATION OF FUNDS**||||
||Total funds brought forward|161,278|143,600|304,878|
||**TOTAL FUNDS CARRIED FORWARD**|203,187|109,989|313,176|
|**8.**|**TANGIBLE FIXED ASSETS**||||
||Plant and||Computer||
||machinery||equipment|Totals|
|||£|£|£|
||**COST**||||
||At 1 April 2025|49,458|61,479|110,937|
||Disposals|-|(2,283)|(2,283)|
||At 31 March 2026|49,458|59,196|108,654|
||**DEPRECIATION**||||
||At 1 April 2025|33,291|40,002|73,293|
||Charge for year|3,004|17,894|20,898|
||Eliminated on disposal|-|(2,283)|(2,283)|
||At 31 March 2026|36,295|55,613|91,908|
||**NET BOOK VALUE**||||
||At 31 March 2026|13,163|3,583|16,746|
||At 31 March 2025|16,167|21,477|37,644|
|**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.3.26|31.3.25|
||||£|£|
||Trade debtors||8,000|23,804|
||Other debtors||-|1,086|
||Prepayments||918|2,139|
||||8,918|27,029|
continued...
Page 12
**REAP**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2026**
## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Social security and other taxes
Other creditors
Accrued expenses|31.3.26
£
3,229
116,172
2,255
121,656|31.3.25
£
5,836
10,808
2,675
19,320|
|---|---|---|
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Designated Fund
**Restricted funds**
The Robertson Trust
People's Postcode Trust
Fuel Payments Grant
The National Lottery
Moray Local Action Fund
SGN
SGN2
Moray Climate Action Network
Good Things
NEA
SGN3
Tesco
TNL - Glebe
NHS Grampian
SEGB
TSI Commissioning Fee
**TOTAL FUNDS**|Net
movement
At 1.4.25
in funds
£
£
139,737
(53,443)
63,450
-
203,187
(53,443)
10,639
(10,639)
14,378
(10,731)
1,976
5,105
19,730
(1,107)
10,844
(10,844)
-
8,000
9,897
(9,897)
951
(818)
1,000
(758)
22,957
(11,496)
16,616
(4,932)
1,000
(1,000)
-
19,259
-
4,059
8,000
-
12,761
109,989
(5,038)
313,176
(58,481)|Transfers
between
funds
£
10,729
-
10,729
-
(3,647)
(7,081)
-
-
-
-
-
-
-
-
-
-
-
-
(10,729)
-|At
31.3.26
£
97,023
63,450|
|---|---|---|---|
||||160,473
-
-
-
18,623
-
8,000
-
133
242
11,461
11,684
-
19,259
4,059
8,000
12,761|
||||94,222|
||||254,695|
continued...
Page 13
## **REAP**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2026**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
The Robertson Trust
People's Postcode Trust
Fuel Payments Grant
The National Lottery
Moray Local Action Fund
SGN
SGN2
Moray Climate Action Network
Good Things
NEA
SGN3
Statkraft
Tesco
TNL - Glebe
NHS Grampian
SEGB
TSI Commissioning Fee
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
41,064
(94,507)
(53,443)
-
(10,639)
(10,639)
-
(10,731)
(10,731)
5,105
-
5,105
24,999
(26,106)
(1,107)
-
(10,844)
(10,844)
8,000
-
8,000
-
(9,897)
(9,897)
1,951
(2,769)
(818)
-
(758)
(758)
-
(11,496)
(11,496)
44,938
(49,870)
(4,932)
402
(402)
-
-
(1,000)
(1,000)
20,000
(741)
19,259
10,000
(5,941)
4,059
8,000
8,000
15,200
(2,439)
12,761
138,599
(143,637)
(5,038)
179,663
(238,144)
(58,481)|
|---|---|
continued...
Page 14
## **REAP**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2026**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated Fund
**Restricted funds**
The Robertson Trust
Adam Family 2023-2024 Project
Beatrice 2022
Energy Redress Scheme
People's Postcode Trust
Fuel Payments Grant
The National Lottery
Mental Health and Wellbeing
Dandelion Foundation
Moray Local Action Fund
The National Lottery- Sustainable Action
for Moray
HEEPS
NHS Hub
NHS AFW
SGN
SGN2
Cos of Living
Gordon & Ena Baxter Foundation
Moray Climate Action Network
Good Things
NEA
SGN3
Statkraft
Tesco
**TOTAL FUNDS**|Net
movement
At 1.4.24
in funds
£
£
97,828
(7,169)
63,450
-
161,278
(7,169)
8,522
2,117
2,884
(2,884)
1,428
(1,428)
16,057
5,367
-
14,378
1,731
245
15,093
4,637
7,427
(6,305)
1,575
(1,575)
16,314
(3,490)
4,747
(4,747)
27,429
(6,520)
219
(219)
1,078
(1,078)
5,812
(5,812)
10,645
(748)
18,899
(18,899)
1,240
(1,240)
2,500
(369)
-
1,000
-
22,957
-
16,748
-
2,332
-
1,000
143,600
15,467
304,878
8,298|Transfers
between
funds
£
49,078
-
49,078
-
-
-
(21,424)
-
-
-
(1,122)
-
(1,980)
-
(20,909)
-
-
-
-
-
-
(1,180)
-
-
(132)
(2,332)
-
(49,078)
-|At
31.3.25
£
139,737
63,450|
|---|---|---|---|
||||203,187
10,639
-
-
-
14,378
1,976
19,730
-
-
10,844
-
-
-
-
-
9,897
-
-
951
1,000
22,957
16,616
-
1,000|
||||109,989|
||||313,176|
continued...
Page 15
## **REAP**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2026**
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
The Robertson Trust
Adam Family 2023-2024 Project
Beatrice 2022
Energy Redress Scheme
People's Postcode Trust
Fuel Payments Grant
The National Lottery
Mental Health and Wellbeing
Dandelion Foundation
Moray Local Action Fund
The National Lottery- Sustainable Action
for Moray
HEEPS
NHS Hub
NHS AFW
SGN
SGN2
Cos of Living
Gordon & Ena Baxter Foundation
Moray Climate Action Network
Good Things
NEA
Parklands
SGN3
Statkraft
Tesco
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
18,448
(25,617)
(7,169)
23,000
(20,883)
2,117
6,631
(9,515)
(2,884)
-
(1,428)
(1,428)
92,710
(87,343)
5,367
25,000
(10,622)
14,378
275
(30)
245
25,001
(20,364)
4,637
-
(6,305)
(6,305)
-
(1,575)
(1,575)
10,661
(14,151)
(3,490)
-
(4,747)
(4,747)
-
(6,520)
(6,520)
-
(219)
(219)
-
(1,078)
(1,078)
-
(5,812)
(5,812)
23,723
(24,471)
(748)
-
(18,899)
(18,899)
-
(1,240)
(1,240)
3,984
(4,353)
(369)
1,000
-
1,000
23,066
(109)
22,957
1,250
(1,250)
-
21,959
(5,211)
16,748
7,597
(5,265)
2,332
1,000
-
1,000
266,856
(251,389)
15,467
285,304
(277,006)
8,298|
|---|---|
continued...
Page 16
## **REAP**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2026**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Designated Fund
**Restricted funds**
The Robertson Trust
Adam Family 2023-2024 Project
Beatrice 2022
Energy Redress Scheme
People's Postcode Trust
Fuel Payments Grant
The National Lottery
Mental Health and Wellbeing
Dandelion Foundation
Moray Local Action Fund
The National Lottery- Sustainable Action
for Moray
HEEPS
NHS Hub
NHS AFW
SGN
SGN2
Cos of Living
Gordon & Ena Baxter Foundation
Moray Climate Action Network
Good Things
NEA
SGN3
Statkraft
TNL - Glebe
NHS Grampian
SEGB
TSI Commissioning Fee
**TOTAL FUNDS**|Net
movement
At 1.4.24
in funds
£
£
97,828
(60,612)
63,450
-
161,278
(60,612)
8,522
(8,522)
2,884
(2,884)
1,428
(1,428)
16,057
5,367
-
3,647
1,731
5,350
15,093
3,530
7,427
(6,305)
1,575
(1,575)
16,314
(14,334)
4,747
(4,747)
27,429
(6,520)
219
(219)
1,078
(1,078)
5,812
2,188
10,645
(10,645)
18,899
(18,899)
1,240
(1,240)
2,500
(1,187)
-
242
-
11,461
-
11,816
-
2,332
-
19,259
-
4,059
8,000
-
12,761
143,600
10,429
304,878
(50,183)|Transfers
between
funds
£
59,807
-
59,807
-
-
-
(21,424)
(3,647)
(7,081)
-
(1,122)
-
(1,980)
-
(20,909)
-
-
-
-
-
-
(1,180)
-
-
(132)
(2,332)
-
-
-
(59,807)
-|At
31.3.26
£
97,023
63,450|
|---|---|---|---|
||||160,473
-
-
-
-
-
-
18,623
-
-
-
-
-
-
-
8,000
-
-
-
133
242
11,461
11,684
-
19,259
4,059
8,000
12,761|
||||94,222|
||||254,695|
continued...
Page 17
## **REAP**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2026**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
The Robertson Trust
Adam Family 2023-2024 Project
Beatrice 2022
Energy Redress Scheme
People's Postcode Trust
Fuel Payments Grant
The National Lottery
Mental Health and Wellbeing
Dandelion Foundation
Moray Local Action Fund
The National Lottery- Sustainable Action
for Moray
HEEPS
NHS Hub
NHS AFW
SGN
SGN2
Cos of Living
Gordon & Ena Baxter Foundation
Moray Climate Action Network
Good Things
NEA
Parklands
SGN3
Statkraft
Tesco
TNL - Glebe
NHS Grampian
SEGB
TSI Commissioning Fee
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
59,512
(120,124)
(60,612)
23,000
(31,522)
(8,522)
6,631
(9,515)
(2,884)
-
(1,428)
(1,428)
92,710
(87,343)
5,367
25,002
(21,355)
3,647
5,380
(30)
5,350
50,000
(46,470)
3,530
-)
(6,305)
(6,305)
-
(1,575)
(1,575)
10,661
(24,995)
(14,334)
-
(4,747)
(4,747)
-
(6,520)
(6,520)
-
(219)
(219)
-
(1,078)
(1,078)
8,000
(5,812)
2,188
23,723
(34,368)
(10,645)
-
(18,899)
(18,899)
-
(1,240)
(1,240)
5,935
(7,122)
(1,187)
1,001
(759)
242
23,067
(11,606)
11,461
1,250
(1,250)
-
66,897
(55,081)
11,816
7,999
(5,667)
2,332
1,000
(1,000)
-
20,000
(741)
19,259
10,000
(5,941)
4,059
8,000
8,000
15,200
(2,439)
12,761
405,455
(395,026)
10,429
464,967
(515,150)
(50,183)|
|---|---|
continued...
Page 18
**REAP**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2026**
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2026.
Page 19
**REAP**
## **Detailed Statement of Financial Activities For The Year Ended 31 March 2026**
|**Detailed Statement of Financial Activities**
**For The Year Ended 31 March 2026**|||
|---|---|---|
||31.3.26|31.3.25|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|5,109|272|
|Grants|158,991|269,582|
||164,100|269,854|
|**Other trading activities**|||
|Other income|14,807|14,590|
|**Investment income**|||
|Deposit account interest|756|860|
|**Total incoming resources**|179,663|285,304|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|159,199|181,331|
|Rates and water|6,310|6,187|
|Insurance|2,140|2,297|
|Light and heat|1,157|(1,086)|
|Postage and telephone|1,804|1,784|
|Printing, stationery and advertising|2,904|4,824|
|Sundries|1,623|685|
|Repairs and maintenance|3,654|3,933|
|Materials|6,916|28,661|
|Staff training|9,377|8,883|
|Venue hire and events|1,007|2,400|
|Motor and travel|9,679|8,198|
|Volunteer expenses|338|1,160|
|Accountancy fees|1,729|3,000|
|Donation|-|30|
|Computer expenses|8,413|2,345|
|Professional fees|996|-|
|Plant and machinery|3,004|2,665|
|Computer equipment|17,894|19,630|
||238,144|276,927|
|**Support costs**|||
|**Finance**|||
|Loss on sale of tangible fixed assets|-|79|
|Total resources expended|238,144|277,006|
|**Net (expenditure)/income**|(58,481)|8,298|
This page does not form part of the statutory financial statements
Page 20