2 2 JUN 2026 Company Registration Number SC365873 Charity Number SCts41145 COWLAIRS DEVELOPMEFrr TRUST TRUSTEES, REPORT and UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER2025
COWLAIRS DEVELOPMENT TRUST UNAUDITEDACCOUNTS YEAR TO 30 SEPTEMBER 2025 Pages Contents TrnstC¢5' Annttal Rcport 2to3 Independent Examinees Report Statelnent of FinanciAI Activities SuJnmary Income and Expenditure Account Balanc¢ Sheet Noles to the Accounts 8t012
COWI,AIRS DEVELOPMENT TRUST UNAUDITED ACCOUNTS YEAR TO 30 SEvfEMBER 2025 The Trustees, who are also dircctors ofihe charity for the purpose5 of the CompanicsA¢t 2006, present their r¥port with th¢ unaudkt¢d fiThancia] statcfftents of thc charity for th¢ year ended 30 Scpl¢tnber 2025. The financial staternellts Comply with thc Chariti¢s and TTU5t¢c Inveslment (Scotland) Act 2005, the Charitie$ Accounts {Scotlond) RegLtlations 2006 (as amend¢d), the Cotnpanies Act 2006, the Memordndum and Articles of Asso¢iation, and Accounting and Reporting by Chariti¢s: Statcment of Recommended Practice applicablc to charities prcparing their account5 in accordance with th rinancial Reporting Standard &pplicable in the UK and Republic of Ireland (FRS102). REFERENCE AND ADMtNISTRATIVE DETAILS Company No. SC365873 Registered Office Camlachie House 40 Barrowfield Drive Glasgow G40 3QH Charity No. SC041145 Directors and Trustees The DircctOTS of the charnable company are its Trustees for the purposes of charity law. The following Directors and Truste¢ served during the y¢ar'. D&wn McQuade Donna Smith Irene R&%hid Jame5 Hardie John Donnelly Rosleen Priel ACHIEVEMENTS AND PERFORMANCE The Cowlairs DevelopTnenl Trnst (CDT} ha5 been working with W¢51 of Scotland Housing A5SO¢l8tion, with the aim of making some positive ¢hang¢s within the Iwal community. One of the actions from the group wa5 to explore ihe nccd for a bike shcltcr lo¢ally, to encourdge active travel and provide a more cost-elf¢ctive trdvel option. WSHA was successful with a funding application. and the bike shcltcr has now been installcd, delivering much-needed bikc storage for the local community. This year, the Trust also supported WSHA wlth the OnIng of a new cornfflunity flat. An open day was hosted wilhin the flal, offering a range ofaclivilies and inforniation tstalls, alongsid¢ oP)rtunItieS for local pcople to find out mor¢ about seTh'ice& g¢t involved. and sign up as volunt¢us in their community. The Molly Weir Garden continu¢s to provide peaceful gen space for volunt¢ers and mcmbers of the COJTJmunity to come tog¢ih¢r in a tranquil place. This year, we also supported WSHA and Willowac Trust to dcliv¢r a gardening cour5c, which introduced participants to growing herbs, potatoes. vegetables. and wildflower5, while also inv(Trlving them in plantinbtr dnd maintsitiingF the communtty garden. In May, a team ()f12 volunteers from NalW¢sL supported by the commuiiity 8&rdener, 5P¢WIt a day Iielping io further develop thc space by prnning. weedin& tilling plantcrs with soil, and plantiiig hanging baskcls. ImprovemeT]t5 to th¢ garden were also support¢d by the Estat¢5 OtTicer, who arrdngrd
COWLAIRS DEVELOPMENT TRUST UNAUDITED ACCOUNTS YEAR TO 30 SEPTEMBER 2025 for broken iten]s and old planters to be r¢moved, alongsid¢ safety improvements and cleat]iDg of the paths and paving. Following the end of tbe l(kweek course. a weekly gardening group has now bccn establi5hcd in th¢ conllnunity garden to allow work to continue and to encouragE new participants to get involved with support. With a small bui d]CalCd group, the gardcn has thrived and come a long way, with participants ¥iving ddditional tiiiic b¢yond thc cour5¢ to watLT plants, wccd paving. and care for the space. Whil¢ we supplicd ¢quipm¢nt and matcri&ls, group members have also contributsd plants of tbeir own, helping thc garden to continuc to grow and flourish. FINANCIAL REVIEW The organisation madc a deficit of £13,951 (2024.. dcficit £13,933) for th¢ ye4T. In relatiOD to tunds held. the directors havc considered thai ihe ideal levcl of funding would b¢ sufficient to one yearof operatingcosts. At the yearend. ca5b at b1ll w&5 £2,306 12024: £2,418} and thc directors are of the opinion that this Icv¢l of funding is sufficient. The directors have asscssed the major risks that the charity may facc and taken 5tCP5 to mitigatc Ihcsc. The key risks are the lack of long ter fidIng for the work undertaken, as the otganisation is primarily funded on a projcct by project bas15. STRUCTURE, GOVERNANCE AND MANAGF,MF,NT Cowlairs Devclopment Trust is a private company limited by guarnntee. and is a charity rccvgnised by tbe Office of th¢ Seotlish Charity Regulator IOSCR). It is govcmcd by its Memor&ndum and Articl¢s of AssociatlOD. The liability of members is £1 each. The company is R¢cepted as a ¢lJaritable body by the InlarKI Revenue. Member5 wishing to be¢ome director4 must he recommended by the &)ard or proposed by a frllow metnber of thc charity, in advanc¢ of the generdl m¢¢ting. Thc chaitpersDn mccls with thc prospeetive director and is proposed for election at a gcu¢rdl mecting. All ncw Board membcrs undertake an inducrion probTallun¢ ¢Lnd thb Lliairp¢T5on mccts with thc ncw dirc¢tor. The new dtrector is given a coJnplete set of accounts, mcmo and articles of as5wiation 8J]d OSCR gnidance for directors. Under the requirements of the memor]dum a[ArtICleS of A550¢iation,on third of the directors shall r¢tire from offi¢¢ at the annual general mecting. If willing, thcy ¢aD be rc-elected by the remaining dirwtors. There catk be llp to 12 dire¢tors on the Boarit who are resp)nsible for th¢ strategic dir¢¢tion of thc charity and meet rcgularly to review all a5p¢¢is of the opcration of th¢ charity. The Trustees are responsible for keeping proper accounting rordS that disclose with reasonable accuracy at any tim¢ thc financial posilion of the charity and to cnablc th¢m io esu[C that the financial statements comply with the Cornpanies Act 2(M)6. The Trustccs ar¢ also responsible for safcguarding thc &tssets' of the charily and hencc tsking reasonabl¢ steps for the prevention and detection of fraud and oth¢r irrcgulariti¢s. The above rcport has been prcparcd ID accordance witb tbe provisions appltcable to companies subject to thc small companies r¢gime as set out in Part 15 of the Companies A¢1 2006 and in accordance with the Charities SORP {FRS102}. e T4th2rd on 23 June 2026 R051een Friel.Trust
COWLAIRS DEVELOPMENT TRUST UNAUDITED ACCOUNTS YEAR TO 30 SEPTEMBER 2025 TNDF.PENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COWLAIRS DEVELOPMEN'f TRUST I report on th¢ aOntS of Cowlairs Development Trust for the year ended 30 Seplefflber 2025which Lotnpris¢ lh¢ Sid(emenl of Fiiiancial Activitie4 ihe Surnfflary Iorne and Expenditure Account. th¢ BalaiiLC Sli¢ct and the related notes. Respective reS)nsIbIlitIeS of Tnjstees and Examiner The Trustees (who are also director5 of the charitable compaT]y ful th¢ PUOSeS ofcompany law) a reswnsible tor the prcparation of thc accounts. in acLordanLe with th¢ lernis of thc Charities and Trust¢e Investment (Scotland) Act 2005 and the Charities A¢counts (S¢otland} Regulations 2006. The Trustees Lonsidcr Ihal an audit is iiol requircd forthis ycar ulldcr Rcgulalion l O(1 )(a) to (¢) of the 2006Accounts Reguliltioiis does iiut apply. HaYÈng satisfied myself that the charity 15 not subj¢ct to audit under company law and is eligibk for indep¢ndeJJt exarnination, il is my responsibility to= examin¢ the accounts under s.44(1) (c) of the Charities and Irustee Investhient (Scotland) Act 2005; to state whether particular tnatters hai'e coiy]¢ lo my attention. Basis of Independent Cxaminels Report My eLqmination was Caled out ill aCLordance with Regulation I l of the Charities Accounts (Scotland} Regulations 2006 (as ended). An examination includes a review of the aLcounling rordS kept by the charity and & comparison of the accouTts presenied with those records. li also includes consideration of any unusual itms or disclosures in the accounts. and 5efking ¥xplanations fr¢)m you &s'fntstee5 concerning an) such tnattcrs. Th¢ proce4Jurcs do not pmvide &15 the evidence that would be r¢quir¢d in ali audiL and con5equeTrtlv no opinion is givctt a5 to Ivkthtt th¢ a¢c4)unts present a "trnc and fair. YT¢W and the report is limited to those matters set out in thc stat¢m¢nt lOw. Indcpendent Exarninels Siatement In connwtion with my examination. no matter has come to rny attention.. ( l } Which gives me re&4onAble c&use to believe thkt in any materi81 respect the requirements= to keep accounting e0rdS in accordance with section 44{1 l (a) of the Charities and Trustee Imvestment (Scotland) Aci 2005. Regulation 4 ofthe CharitiesALrounts (S¢otland} Regulations 2006 (as amended) and to prepare accounts which accord with the accuunting re¢urds. iomply with R¢gul4tion 8 of the Charities A¢counts (Scotland) Regulations 2006 (a5 amended) and wilh the Incthod5 and principlcs of ihc Charit1¢5 Statcm¢nt of Recommended PTactic¢'. Accountiiig and R¢porting by Chariti¢5, hav¢ iiot bc¢n m¢L or (2) To which. in my opinivn, attention should b¢ drawn in order to enable a propcr understanding of ilie accounts to be r¢ach¢d. Aiiiie Riiherl%i)ii C'A 13 JLine 20?6 8 Reilly Gardens, High Ilonnybridge FK4 2BB
COWLAIRS DEVELOPMENTTRUST UNAUDITED ACCOUNTS YEAR TO 30 SEpfEMBER 2025 SUMMARY OF FtNANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrestrict Restricted Total Funds funds funds Tolal funds Notes 2025 2025 2025 2024 Income and endowments Expcnditurc on.. Charitable aetivilies Other 13.951 13.951 13,933 Total 13.951 13,951 13.933 Net gains on investments Net expenditure (13.951) (13,951) (13,933) Net cxpcnd1tu kforc other gainsl (loss¢s) (13.951) (13,951) (13.933) Net movement in funds (13,951) (13,951) (13,933) Re¢on¢iliation of funds: Total funds brought forward 163.389 163.389 177.322 Total funds Caled forward 149.438 149.438 163.389
COWLAIRS DEVELOPMENT TRUST UNAUDITED ACCOUNTS YEAR TO 30 SEPTEMBER 2025 SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER ?025 ?025 2024 Income Gr055 Income for the y¢ar ExpeT]diture Depreciation and Cha¢$ for impairnient of fixed ass¢ts 112 94 13,839 13.839 Total expenditure for the year Net exp¢nditure rore tax for the year (13,951) (13.933) Net expenditure forthe year (13.951) (13,933)
COWLAIRS DEVELOPMENf TRUST
UNAUDITED ACCOUNTS
YEAR TO 30 SEPTEMBER 2025
BALANCE SHEET AS AT 30 SEFfEMBF.R 2025
Notes
2025
2024
Fixed assets
Tangibl¢ assets
147 132
Current assets
Cash at bank and in hand
2J06
2.418
Creditors.. Amount falling due within one yeAr
Nel Current asseis
2,418
2,306
Total &ssets less current liabili¢ies
149.438
163.389
Creditors: Amounts failing duc after MO than
one year
Total Dct assets
149,438
163,389
Rcstticted funds
Unrestricted fundts.
General funds
149.43
163.389
Total fimds
149.438
163,389
The members have nol required the company to obtain an audit in accordance with 5eciion 476 of the
Ccjmpanics Act 2006. The Trust¢es havc prq)ar¢d the accounts in accordance with Section 44 of the
Charitj<S
COWLAIRS DEVELOPMENT TRUST UNAUDITED ACCOUNTS YEAR TO 30 SEPTEMBER 2025 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 l. Basis of prepardtTQFL The financial statements have been prepared Tn cordanCe with Accounting and ReFOrtin8 by CharÈti¢s.' Statement of Recotnmend¢d Practice appIlble to charitlC5 preparing their accounts in ccordance with the financial Reporting Standard applithl¢ in the IJK and R¢publi¢ of Iland IFRS 102) - Charities SORP (FRS 102) (effective l J8nuary 2015) - the FinancRal Rcporting Standard applicable in the UK and Republic of Ireland (fRS 102) and the Companies Act 2006. Cowlairs tkvelopment Trust meets the definition of a public benefit entity under FRS 102. Assets and liabiliti¢s arc initially recognised &t historical cost or transition value unless Othcrwise StsJ in the relevant accountTT]g policy. The preparation of financial 5tat¢ments requir¢s the use of certapn crili¢al accounting estimates. It also requires ditrclors to exercise iheir judgement in the process of applying Ihe accounting policies. Use of avaÈlabl¢ infomiation and application ofjudgement are inherent in the infonnation of estimatC5. Actual outcomes in the futtjre could differ from 8ueh estimates. Going concern The directors have eonsidered n period of twelve month8 froTTJ the date of Iheir approval of the financial stalcm¢nts and. takit]g into account the charitable company's net asset position and exccpted future incomiiig resourc¢5. th¢y Consider it approprtate to prepare the fTnan¢ial 5tat¢m¢nts on the b?oing concem basis. Fund accounting Unrestri¢t¢d funds These are available for us¢ at the discretion of th¢ trustees in furtherance of the general objects of the charity. Th¢* are unrestricted funds eartnarked by the trnstees for particular purposes. 'rhese are unre5tri¢ted funds which include a revaluation reserve represenling the restatem¢nt of inv¢stment assets at their mark¢1 values. These are available for use subje¢t to restrictions imposed by the donor or through ternis of an appeal. Designated funds Revaluation funds Res1ri¢d fun415 Income R¢ctsgnition of income Incomc 15 inGlud¢d in the Staternent of r,inancial A¢tivities (SofA) vhcn Ihc charity b¢Lom¢s Lnlitled to. and virtually certain to receive. the income and the amount of th¢ income can b¢ measured with sufficient reliability- lllcomc with related Where income has related expenditur¢ the income and related expenditure expenditu is r¢port¢d gmss in the SOFA. Donat10115 and Voluntary income reccivcd by way of grants, donation5 and gtfts is legacies included in ttie the SOFA when receivable and only when Charity has unconditional entitlement to the income.
COWLAIRS DEVELOPMENT TRUST UNAUDII'ED ACCOUNTS YEAR TO 30 SEPTEMBER ?025 Tax reclaims on donations and gifts Income froin tax rjaiMS is included in the SOFA at the same tim¢ as the giftldonation to which it relates. Donated services and facilities These are only included in iticome (with an equivalent amount in expenditure) where the benefit to the Charity is reason&bty quantifiable, m¢asurable and m81ertal. The valuc of any vo141nteer help received is not included in the accounts. This is included in the accounts when receivable. Thls includes any gain or loss resulting from revaluing investh)ents To mark¢t value at the cnd of the yrar. Volunteer help Inveslment income Gainsl(losses) on revaluation of fix¢d Gainsl(losses) on investment assets This Includes any gain or loss on th¢ sale of investments. Expenditure Recognition of expenditure Expenditure 15 recogni5ed on an arua]S basis. Expenditure includes 8ny VAT which cannot be fully rewverd. and is r¢p)rted as part of Ihe exp¢nditure to which it relates. These ¢omprise the costs associated with attracting voluntw income. fundraisin¥ tr&din8 costs and investment management costs. These comprise the costs incurred by the Chartty in the delivery of Expenditure on raising ftjnds Expenditu on charitable aGtiviti¢s activities and services in th¢ furth¢rance of its objeGts, including th¢ tnaking of ¥rants and governance costs. All grdllt eXndItUre 15 a¢¢ount¢d for on an actual paid b&sis plus an accriial for grdnts that liave been approved by tlie truste¢s at the end orth¢ y¢Jr but nol yet paid. Th¢s¢ include those costs associated with meeting the constitutional and ststutory qUireMents of the Charity, including any auditl indeperEdent examination f¢¢s, costs linked to th¢ strategic managtement of the Charity, togcth¢i with a share of oth¢r administration cost5. These are support costs not allocated to a parti¢ul8r a¢tivity. Grants payable Governance c05t5 Oth¢r expenditure Taxation The charity 15 ¢x¢mpt from corwiration tsx on its charitable activities. Tangible fixed assets and depreciation Depreciation is provided at the following annual rates in order to write off cach asset over its estimated useful Itfe.. Games Area 4fj/ts Sl8h1 Line Playpark. Equipment 5Q/o Straight Lin¢
COWLAtRS DEVELOPMENT TRUST UNAUDITED ACCOUNTS YEAR TO 30 SEPTEMBER 2025 Cash flow The financial stat¢ments do iiot include a cash flow 5tatcment because the company. as a small reporting entity. is vx¢mpt from the r¢quir¢m¢nt to preparc a stul¢ment undcr Ihe Financial Reporting Standard FRS 102 Charit}, SORP. Trade and other debtor5 Trnde and oth¢r d¢btors are recogDised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivmlents Cash and cash equivalents compris¢ cash at bank and on hand demand dew)sils w&th bank5 and other short-terni highly liquid inv¢stsnentS Wlth original maturities of three months or less and bank overdrafts. Trade and other creditors Short term creditors are Tnea5ured at the tran5a¢tion pricc. Other ¢reditor5 and provisions are recOgnid where the charity has o present obligation resulting from a past ev¢nl that will probably r¢5uIt in the trdnsfcr of funds to a third party and the amount dve to settle the obligation can be measvred or estimated reliably. Creditors and provisioll5 are nornially recognised at their settletnent amount after allowing for any trade discounts due. Company Status The eompany is a privale wmpany limited by guarantee and consequently does not have shar¢ capitsl. io
COWLAIRS DEVELOPMENf TRUST UNAUDITED ACCOUNTS YEAR TO 30 SEPTEMBER 2025 NOTES TO ACCOUNTS 2. stsff costs The company has no employees and therefore no stsff costs (2025.. Nil). No paym¢Trt5 were made do trustees and no reirnbutsements were made for ¢xpense5 in the year (2025.. Nil) 3. Net ¢xpenditure before transfers 2025 2024 This is stated after charging: Depreciation of owned as5cts 13.839 13.839 li
COWLAIRS DEVELOPMENT TRUST UNAUDITED ACCOUNTS YEAR TO 30 SEPTEMBER 2025 4 Fixed Assets Playpark Cquipffl¢nt Games ar¢a Total Cost or revaluation Al l Oelober 2024 At 30 September 2025 223 783 223 97 748 321 531 Depreciation and impairnient At l October 2024 Depreciation charg¢ for the year 107.413 53,147 160,560 At 30 September 2025 174 399 At 30 S¢ptember 2025 107418 147 132 At 30 September ?024 116370 44 601 5. Related party disclosures I'he company is limited by guarantee and has no share capital, thus no single partj controls the company 12