REGISTERED CHARITY NUIMBER: SC043002 Rcpori ofthc Trustees Unaudited Fin8nci21 Stiterntnls For The Yt8r F.nded 31 MArch 2025 for Gateway Scoiland Armslrong IV#i$on 89 Seaiy#rd Street Glxsgow G41 IFIJ
Page RepoTt of thc Trusttts 1103 Ind¢pendcnt Examin¢es R¢port Stat¢m¢nt of Financial Activit1¢5 Baiance Sheet No¢cs (O th¢ Financial Sia¢cm¢nts 7t09
Catewy Seotlnd Report ofthe Trustee5 for the Vtar Ended 31 NlaTch 2025 Tli¢ prL's¢nl Ihcir T¢PQrt wilh th¢ rtnancial slalcmcnts of ilic charity for ilic yLar endcd 31 March 2025. Tlie tru havL £idoptLd the provisions of thc S¢atLryn¢ni of R¢crynTnenthd PrLIc¢ ISORPI applicablc lo charilics PTLparing thLLr accuuats in pi¢paring thcir accounts in a¢¢ordance with th¢ Financial R¢porting StkLndard applicablc irt tlie UK and RepubliL aLcordance with the Financial Reporiing Srandard applicable in Ihc UK id Republic of Ireland {FRS 1021 leffeciive l January 2019). OBJECTIVES AYD ACTIVITIES Objtclivcs and Aim The objectives of th¢ charilv arc. th¢ provision of recrealional facilities or the organisaiion of Tcci¢aiwna] aciiviiics. with the objea of improvin8 the condiLions of life for the peT50ns for whom the facilili¢s or aciivJii¢s ar¢ prjmarily intended: thc reliefot'ihosc In nccd by rGgson ot'ag¢. ill-hcalih. dis#bilily. linanciAI hardship or oiher disaitvttntAgL. FIY,INCIAL REVIEW Finllncial Rcvlew, Inytjiment Poliey ind ReJerve3 Df>nalipn% ol. £20 JI 812024.. £49.7041 wcrc reccived from th¢ J & D Baln&ve TrusL a conncclLd charity. ThL ITUStr¢s of(i&lLway Sc()I18nd 4LfL Irus(eL% of thL J & D Bdlnave Trust. During ihe y¢ar thc tnJs1 made no donal1S 12024.. £nill and Incuffed ¢xpcndtiur¢ of £39.471 12024.. £40,027) on providins accnmmtsdaiion in holidjy lodse% for persons wlio quulify undLY ihL ILmi% of ILS consiiluiwn. Tlic reserves aiL mainly invested iii fixed asseis whicli enable the trust 10 fulfil its objectives The Irusi is depcndcni on donations received ro fund 115 on80ing charithbl¢ o¢iiYili¢s STRLCTLRE, GOVERYI .4YCE AND M.4NAGEMENT CJ(JvcrnlnR I)ucumcnt Gaicway .%coiland wa4 cslablishcd und¢r its Con%tililiun &4 a 8ruiiish chilbI¢ InLM)rporaiLd Orglsu[lOn ISCIOI and Lntcr¢d Inio Ihi ScolLish Charity ICL81.sicr on 9 MBrLh 2012. Retrullment #nd appolntment of new (rettI 1.he SCIO consists Ol-Membc and a Board ot'l'rusices Mtmbqship 1$ open LO any individual A8ed 16 or ovei who has an inier¢sl bn th¢ purpos¢5 of Eh¢ organisation. Appli¢ation5 for mcmbcrship will be considered by the Bwd ofTrustrcs. Tr51&S or¢ oppoin(¢d by the MLThberb from vnwn85i them%lve5. The irn%tec4 whn hLld office IhroughnuL thc YLU gnd th¢ d. Iifthis rLpon WLr¢.'- Ur¥xiiiJalivtixl Yii tt&ILIY The Trust bs faclorcd by T C Y¢)un& Suliciior5, who WL in51ructLd by thL inisices &¥ & bly. Rlik mBnAgtm¢ni trusiees hav¢ a duty io identify and review the risk5 10 which Ihe ¢h*ity is exposed and io ¢nsur¢ appropri8t¢ ccrfkrro15 ar¢ in plac£ 10 provide reOnable &ssur8nee again fraud and crrnr. Page I
fnr Ihr I'rar l-nilt4131 ll#rth 21125 Ilc%¢%lrrL'd C lIrIll nuiDbtr SLU43002 Principal #ddre TCYn$ 7 we Cteor8c Strcet Gl&$8OW CI2 IBA 89 SLuwwd Str¢¢i Gl•b8ilW G41 lTrlJ AdvlJtr8: Admlnlitr¥ton'. TC YOUDB 7 Wesi Cyeorge Street Glasgow (12 IBA A¢ttsunl•nts: Amislron8 Watson 89 Seaward Stre CTlas8OW B*nk¢r¥'. Royul Bunk ofs¢utland PO Box l(KX) BX2 ILB Pagc 2
GAttway Scoil#Dd Report nf the Trustees ror thc Vtsr Endtd 3111 l*rth 2025 STA TE%IENT OF TRI'.STF.F_S RF.SPONSIBII.ITIES Thc tru5tLcs rcspoNsibl¢ fur prcparin8 th¢ K¢port of the TTUSttts and the financial staiements in occOrdan with applicablr law and Unit¢d Kingdom GenerlY AL¢epied AxIn[Ing Prlice. Thc law ApplicablL lo chariiics In Scodand. th¢ Ch1(1¢5 and Tr5 Inv¢stmenL (ScoudI A¢t 2005. Chariiies Acc()unl% ISLoilundl Rcguldlions 2006 riquirls th¢ trus.$ 10 PTLPWL financi015temcnts for etcli financial year which giv¢ a Iiuc and lair vicw ol. thc StsLl¢ ()f alTuiTS of thL Lhyrity thnd of(lie inconiiiig resourc¢s and appli¢aiion of rtsourccs. including ihe income and ¢xp¢nditurc. of th¢ chuily lor th4t riOd. In preparin8 those financiul staicm¢nis. thL trlJSti¥% arL' reqUIrL s¢le¢t suirablt xcounting polLCkC5 and then apply them con11(1y. obscryc th¢ m¢thods and princlples in the Charitv SORP. - mokL jud8LryK'nts 1stimatL3 that sre r¥L%unable artd prudeni.. prLpar¥ th¥ financi 5thIkrts 4)n th¢ win8 Eonwrn unlLSS il is inappropriale lo presu tha¢ the ¢harity will caniinuc ln businL5S. 51atc whethcr Applitable ace(>Untin.itaftdd.$ and %iaiLtTKnts ofrccommcndL.d pruciic¥ havb bcb'n fullow. subject to hny maiLYial depariuies being disGlc6ed and ¢xplain¢d In th¢ financi 51ai¥rn¥nts. The IrUseS are respsibLe for keepinB proper uccouniin8 rc¢ords which dClOSe with reasonable accuracy at Y tini¢ th¢ linanciul po5ilion of til¢ ihatity und enable l¢M io ¢nsur¢ that th¢ tinwlcial statcmcnts comply willi Ihc Chgri(ies and TrustL'c Inwc51rn¢nt IS¢uilandl Aci 2005. (he Chariiies Ac¢ounL%18coilandl R¢gulalions 2006 and th¢ prvvisiuns of the ¢haTIty's constiiulion. Tli¢y ar¢ $0 rcgportsiblL for safeguarding ibe &ssets of thL ch8riry and hcn¢¢ for ¢akin8 re&wnnble sicps for the preveniion And dei¢ciith ol'fraud and txher irr¢gulariites. ON BEIIALF OFTHE BOARD,. Page 3
Indipcndint Tr'.Y¥znini'r'% Rrptjrt l() Ilir'l ruslLLS ¢ir Kcsprctii't PInl1lIllc Ill. ITiislecs cxxmineT consider thai the audii rcquircmcni ol" Eicgulaiton 101 l Mal io 1¢) ot. thc Accounts Ilcgulaiions docs noi appl).. li is my rcsponsibility 10 examine ihe accounts as requirLd under Scctson 441 I Ilcl ol. the Aci and to Sth(L whethcr particular maikrs havc come to my altLntion BM%l¥ of (he independent examiner'6 report My exaTnInaln ¢arri¢d out in accord4n¢¢ with Rkgulaiion I l of thc Ch4wiliti% Ai¢(bunLS (Scoilandl RLgulalions 2006. An examinali(bn Includtts a r¢vi¢w tsf th¢ a¢counlin8 Tecords k'¢pi hy ili¢ ¢liarity and a Comparison of thc ac¢wnts pr¢sLnlcd with thosc rccord%. It al80 includ4 considLY&lion ol. any Unusthdi ilems or disclvsurcs in thL attounis, and SCLkin8 Lxplanations frum you •s trustees coJiccrnin8 any such mattcr5. 'fhc procedurcs undcrtakcn do not providc all thc cvidenc¢ would be rLquired in an audi4 and consequently I du not lPSS an audii opinion on the view givkm by (hL EcUn(s. Indtpendent examlner'i ilalement Tn connection wilh my eyaminaiion, no niotter h83 come io my oittniion.. whiLh givLs ML r¢&s(MablL Ca to hLli¢vc that, in any matL'Tial r¢S¢t. thL r¥quirLYnenL lo keep accounlin8 record5 in accordanc¢ with S¢dion 44111(al of thc 2005 Acl and Rc8ula(ion 4 ofthe 2006 Accounts Regulaiions: and lo prLPUTL account5 which a¢c(Yd with thL acwunlin8 rccor(ts and to c<xnply with RL8uIHLion 8 of th¢ 2006 ALLounts Rcgulaiiuns havc not b¢en mci: or 121 lo which. in my opinion. alien¢1) should bc drawn in order to ¢nable & Proper understandin& of th¢ aOUnts to Tca¥h¢d. 89 SL¥ward Str¢rl tilasgow ti41 IllJ Page 4
Gateway Scotland Statcment of Financial Activities for tht Ycar Ended 31 Trlarch 2025 Unrestricted Income runds 2025 Total fund5 2024 Total runds Capital funds Note5 INCOME FROM: Donaiions Received CommLrciai holiday cotiage le 20.318 20,318 49,704 Total Income 20.318 20,318 49,704 EXPENDfTURE ON: Charitablc Activitie$ Grants and donations l.loliday LodgL LpenseS kloliday Lodge suppon costs Support costs 9.558 25.416 4.497 9,558 25,416 4.497 25.682 2,334 Total txpendlture 39,471 39,471 40.027 Ntt Ineomellexpenillturel and ne¢ movement I funds before goins And lot$ on invc5tmcnts Net 80insl(lossesl on invesimen¢s 19.153 19,153 9.677 Net incomellexptndlturel 19.153 19,153 9.677 TransleTS bctween lunds Net movtment In funds 19,153 19.153 9.677 RECONCILIATION OF FiINDS: Total funds brouRhi fonvard 122,5391 54,675 32,136 22.459 Tot81 thnds earrled fonvard 141,6921 54,675 12.983 32.136 Thc notcs form part of these financial siaiements Page 5
2V25 2n74 I,-IXLD ASSETS 'rangible Asscls Toill fixed assets 19,30 21,497 21.4Y7 CVRRENT.4SSETS Ikbior%' amount% failing due wiihin one ye C•sh at b•nk 2.240 12.780 565 TotAI curr¢n¢ 4Js¢ts 746 15.020 CRF.DIT<)RS Amounis lajling du¢ within orte year (7.063) (4.381) NET CI:RRENT ASSETS (6.3171 10,639 TOT,11. ASSF,TS I.F.&S CIIRRF.YT I.IARILITIF.S 12,983 32.136 NET.*&SF,TS 12,983 32.136 TIIF. FI,:ND.S OFTHE C.HARITY: IJnrLsRkILd lundb Capital l-.und Income fund 54,675 141,6921 54.675 122.5391 TOT,IL CFIARITTr FUYDS 12,983 32,136 Thc financiai 51at¢m¢nts appruV by Buwd ol'Tnxsick$ on . 51JP ILd on 11% bLhdll' by. Pag¢ 6
Gateway ScoilAnd Notes to the Fin•ncial Staternent5 for tht Year Ended 31 Ilarch 2025 ACCOIINTING POLICILS The following accounting policies have been applied ¢on515t£ndy in dealing with irnS which are consideied materia] in relation these financial statrments. B4sis of prep4ration The flnancial statements of the chariry. which is a public benefit entity under FRS 102, havc bccn prepared in accordance with Th¢ Charilies and Trus*¢ Investment IScotl2ndl Aci 2005 and (he Charities Accounts (Scotlandl R¢8ula¢ion5 20061&s amcndedl, the ChaTilies SORP IFRS 1021 "Accounting and RLporting by Chariiics.. Siatem¢nl of Recommended Pra¢tic¢ appli¢2ble lo charitics preparing their accounts in accordancc with the Financial RcportlDg Standard appli¢pbl¢ in thc UK and Rcpublic of IrLland IFRS 1021 Icffeciive l January 20191" and ihe FinBncial R¢portinB Standard applic&ble in the Uniied Kingdom and Republic of Ireland IFRS 1021. Thc financi siatements have been prepared under the historical accounting convention, modifi¢d io includ¢ the ¥luatIOn of investments ai markei value. Th¢ tTU$l¢ ¢onsidu that Ih¢r¢ arc no maierial uneertainiies obout ihe Trusi's ability io coniinue a5 a BoinB conccrn. Ineome Rttognltion All income is recognised oncc thc charity has eniiilemcnt lo thc incomc. th¢rc is 5uffi¢icnt rcrlanty of receipt aiid so li is probable tliat the incomL will be receivcd, and Ihai th¢ amoun¢ of in¢omc r¢¢¢ivJblt an bc mcasur¢d rcliably. Git15 rnad¢ lo thc Trus¢ w¢ rc¢o8nisL(I whLn they have been communicated to ihe TTUSt in writing nlaining both thc amoun¢ and thL SLtIlLmcnt dutL'. Expenditure Reefjgnilion LiabililiLS arc rcco8niscd &$ soon As there is a Icgal or constructive obligation ¢0mmil¢in8 th¢ ¢harity ¢0 that eXPLndilUTe. i( is probable tha( sc(Ilcmeni will bL requircd and lh¢ amount of th¢ obltgation Can be mca5urd liablY. ExpLnditure is accounied for on an accruals basis and has been classificd und¢r h¢adin8s ¢hat a88rcga¢¢ all c05¢ rclalcd to thc catc80ry. Where cosis cannoi bc direc(ly aitribuied to particular headings thcy hav bccn allocalcd to a¢liviti¢s on a b&%is consisteni with thc usc L)fresources. Grts orfcrcd subj¢c¢ io ¢ondi¢sons which have noi been mei tti the year end dale are noted commithi¢ni but not accruLd as ¢xpcndiLurL. Funds ThL Trust m4LinlaÉns unr¢slrÈcted Capital and Income funds which can be used in accordon¢e with ihe chaJitAblc (Ibjcciiv¢s ai Ihe di5creison ot'th¢ trusttts. TBngible Fixed As5e15 Fixed assc(s arc stalcd at C051 less accumulat d¢pr¢ciJ¢ion. DepreciaLion is provided #i the following ratcs in ordLT 10 Write off each as5¢1 ov¢r its ¢stirnat¢d u5cful life. Holiday Lod8C Fixiures & Fiitings reducing balance straigl)t Itn¢ 15Y Ch4ril8ble Activitie5 Cos¢s of charitabl¢ a¢tivitie5 includc BTants and donations made. holiday lodge expenses and administraiion costs and support costs. including governance costs. Page 7
te% 10 Iht TrinAncial 4IAicnieni%- ci)niiniic I'or IhL, I f ar F.'ndcd 31 Ilarrk ?11?- (.'('()I'NI'INc. p()I.I('lTr-.S {( ijnidl Thc lhariiy Is ¢x¢mpi from lax oil iis ¢liarithbl¢ a¢¢iviL¢S. Financial instruments Th¢ Irusi only has financial assets and financial liabilities of a kind thai qualify as basic financial in5trumcnts. Basic fjnancial insiTUtnentS TC Lnilially rccoÉnis¢d ai IrAnsa¢¢Ènn value and suhscquently mLasurcd ai (hcir seiilLmcni value. CIIARITABLE ACTIVITIES COSTS 2025 2024 Granis and Donations.. 2025 2024 Holiday Lod8¢ Expen5¢5 2025 2024 Holiday Lodge support costs.. Manog¢m¢nt administration fc¢s Tclcphone Motor & Travcl cxpcnscs DepreciA(ion 23,075 144 23,080 2,197 2.458 25.682 2025 2024 Support Costs Nole 3 2.334 SUPPORT COSTS 2025 2024 Governunce Costs: T C Young LLP administration f¢¢ Accountancy & Indcpcndenl Examination 2,S31 1,966 4.497 432 1,902 2.334 Tn]Se5' cxpcnses paid the ycar elld 31 March 2025.. NIL (year ended 31 Mah 2024,. NIL). FIXED ASSETS TAYGIBLE FIXED ASSETS Fixtures & Filtings Holiday Lod8C 2025 2024 Net Book Valuc blf Additions Disp05a15 Dcprcciaiion Net Book Value clf 315 21,182 21,497 23,955 1791 236 12.1971 19.300 {2.4581 21.497 19,064 Page 8
Gateway Stoilts¢J i)IcA to thl. Finn<i41 Stalemcnts- continued for Ihe l'ear Endcd 31 ll#r¢li 2025 DEBTORS.. .4MOLNTS F.4I.I.INCT DIIF. WITHifi OI%E TrEAR 2025 2024 Insurance prepaid Argyll l.loliday%- vInCe paymcni 167 2.073 2,240 CASH AT BAP•K 7025 2024 Bortk of Scotland 565 565 12,780 12.780 CREDITORS: AMOiINTS Tr ALI.IN(- DI',E WITIIIN OPE I'EAR 2Q25 2024 TCYoungl.l.P Annsirnng Wail Holiday LodBC expenses Holiday Lod8¢ SUPPOrt cosrs ,082 3.865 366 1.750 7.U63 348 3,675 358 4,381 ANAI.YSIS OF (_'FIARITABLE FIINDS MvYcmLni fuTrd3 Fund ai O l April 2024 Clains & rund dl Lttsscs 31 March 2025 Inroinc Expenditure Incomc Fund 122,5391 20J18 {39.471) 141.6921 Capital Fund 54.675 54,675 TOTAL FLNDS 20,318 139,4711 12.983 Compirgdves for movtmtnt in funds l--und at O l April 2023 Gains & Fund ut Losscs 31 Marth 2024 Income ExpenditUT¢ InLI)mc fund (32,2161 49.704 140.0271 122,5391 Capiial fund 54,675 54.675 TOTAL Fi,'NDS 22.459 49.704 140.0271 32.136 RELATED PARTY TRAi%SACTiofS adminisvatiun fees and expenscs of £23,075 {2024.. E23.0801 WCTL PdydhlL 10 Iliiikdal¢ Busine)5 Sil i L L. ,Iiiriiip the year ended 31 March 2025. 'fhis busiricss 15 Tun b) the if¢ o( .1 Iru51¢¢ 01.Ciai¢way S¢oiland. Pagc 9