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← Letham Climate Challenge

2025-07-31-accounts

Registered number S$C043272

Letham Climate Challenge Report and Accounts

31 July 2025

Letham Climate Challenge Company Information

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Trustees
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a Examiner

Fraser + Accountants 3 Barossa Place PH1 5HG

Principal Office

35 Garth Avenue Perth

PH1 2LG

Registered charity number SC048289

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Letham Climate Challenge

Trustees Report

The Trustees present the annual report together with the financial statements of the charity for the year ended 31 July 2025.

Objectives and Aims

The charities objectives as set out in the constitution are: To advance and provide a greener lifestyle, through the advancement of carbon reduction in Letham

To advance and provide community development through links with individuals and groups particularly those who are disadvantaged or vulnerable providing a place to become more socially adept

In furtherance of these objectives the charity carried out the following projects:

A waste minimisation project where we continue to run a Swap Shop in Garth Avenue, Letham, Perth where unwanted household items can be swapped with someone else's’ unwanted items.

Work continues on our allotments

Achievements and Performance

Letham Climate Challenge Core Staff Team: Catriona Smith has continued in her post as General Manager. There was change in Swap Shop manager, with Julie Allan leaving on 14 February 2025. joined us on 19" May 2025.

GE Sas continued on as our cleaner for our properties on Garth Avenue. For a short period we had ME joined us as Climate Connect Coordinator.

Our General Manager and Shops Manager are funded by the The Gannochy Trust, Climate Connect Coordinator was through Climate Connect and our Cleaner is funded by the Forteviot Trust.

Letham Climate Challenge main assets are the 3 properties at Garth Avenue (consisting of a Furniture Store, Swap Shop and sorting/meeting store) and the Kinloch and Kingswell allotments.

Letham Climate Challenge continue to rely on volunteers to deliver its core functions. In this reporting period we have been supported by 40 volunteers (29 volunteers supporting with the day to day running of the Swap Shop, 5 volunteers supporting with the allotments and 6 ad-hoc volunteers who support with additional community

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events. Over 5,000 volunteer hours have been served over the last 12 months.3 of our volunteers have gone on to secured employment opportunities.

Staff and Volunteer Training

LCC Staff have completed; first aid, fire safety, manual handling, Climate resilience, Climate confidence, Climate Change Communication, Climate Emergency Training, Safeguarding, Management training and Having Good conversations Training.

LCC Volunteers have completed; Reporting incidents/ accidents training, First Aid, Fire Safety, Health and Safety, Manual Handling, Safeguarding and Having Good conversations training.

Swap Shop Statistics for 1*t August 2024 to 31% July 2025. 45,887 reusable household items received, sorted and displayed, equating to almost 41 Tonnes. 6 Tonnes of non-reusable donations recycled 14 Tonnes of furniture rehomed for free to people in living in poverty, or sold at low cost 704 items of furniture delivered for free to be rehomed 10,041 visitors to our premises 1,680 swap shop vouchers exchanged

402 Electrical items PAT tested

Emergency Home Basic Packs.

188 individuals have been provided with our home basic packs. We have worked in partnership with 31 referral agencies who have identified these individuals. Allotments Currently there are 24 allotment holders supported and 18 school children partaking in gardening activities. Kingswell allotment received path refurbishment ensuring better accessibility for all plot holders, and an easier terrain for wheelbarrows and walking aids. Kinloch allotment has increased the plot holders growing space and variation of plants by introducing a communal plot with a shared large polytunnel for indoor growing, water tanks and hot bin composters. The protection of the polytunnel, allows for growing vegetables which cannot survive outside in the Scottish climate. We have also introduced raised beds for more accessible gardening for many who may find a whole plot overwhelming. This allows less experienced gardeners and complete beginners to get involved, and as they learn there is the opportunity to them to then rent a half or full plot. This means that the same amenities are available

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|||||||||| |---|---|---|---|---|---|---|---|---| |Scotland|Loves|Local-|Most|Enterprising|Community Award| |Prestige Awards-|Charity|Shop|of|the|Year-|Perth|and|Kinross| |Keep|Scotland|Beautiful|Awards-|5/5|Outstanding|

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Future Plans Our vision "caring for people and the planet”. LCC will continue to strive towards reducing waste and pollution through its Swap Shop, Furniture Store and allotments. LCC will continue to assist those in greatest need by continuing to reach through our Swap Shop, Furniture Store and allotments. LCC continues to engage with local groups who share the same values as ourselves for the exchange of ideas and potential actions as a result of. LCC continue to seek volunteers to assist at the Swap Shop, Furniture Store, Sorting Store and the allotments. Letham Climate Challenge currently sell second hand furniture and household electricals PAT tested by our volunteers. We wish to extend the scope of our organisation by opening a community Tool Library/ library of things. Just like a library for books, the community will have access to things you sometimes need or want to use without spending lots of money and without having to find space for it in their own home. Examples include tools for DIY projects or a sewing machine; a pressure washer or a Carpet cleaner; camping equipment, specialist cookware or even an electric bike. By using our tool library, members would save money, save space, and save the planet.

We wish to continue to improve our local greenspaces and increase biodiversity by sponsoring 3 local roundabouts. We plan to plant and maintain them with volunteer assistance. We want to help our community become more resilient and selfsustaining, so for those who will find renting an allotment too overwhelming, we are building raised beds at our shop fronts as a stepping stone for beginner gardeners and children, who can then graduate onto one of our allotment starter raised beds, then a half-plot and then a full sized plot. We are also asking our community to give back, by taking cuttings of garden plants and donating them to LCC to nurture until ready to plant in one of our greenspaces

Letham Climate Trustees, August 2025.

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to our Kinloch plot holders to provide access to equal growing opportunities as our Kingswell plot holders.

Primary School children from 3 local schools, continue to attend with guidance and support from our allotment volunteers. The delight at the end produce is shared by our volunteers.

Letham Climate Challenge Community Initiatives and Involvement

Climate Connect

LCC were the Zero Waste lead for the Climate Hub for Perth and Kinross namely ‘Climate Connect’ for Phase 1 of the process. This role involved connecting reuse and repair networks across Perth and Kinross and working together to tackle the Governments aims on Climate mitigation. We hosted various events surrounding reuse organisations, repair cafes, tool libraries, men’s sheds and refilleries.

Partnership Events and Meetings

LCC continues to work with partners across Perth and Kinross to raise awareness of the work LCC does and how this can be continued and developed. Events attended this year include Third Sector Interface Event, Careers Fairs, UHI Freshers week, Perth and Kinross Council Locality working group, NHS retirement group, Stronger Communities, Letham 4 All community events, Climate Action Summit, Circular Communities conferences and workshops, Scotland Sustainability Summit, Tayside Biodiversity market, Climate Change Fundamentals and Regenerative Solutions

Partnership working meetings include Love Letham, Perth Community Action Partnership, Anti-Poverty taskforce, Community Planning, Share and Repair networks, Circular Communities, Bloom group, Letham locality workshops, Perth City Local Action Partnership.

Seven Acres

We hosted an Easter themed community event with bulb planting, egg hunt, bonnet decorating and Easter themed games in partnership with the Anti-poverty Taskforce. We have commissioned Westbank Community Payback team to build picnic benches to add to this greenspace to encourage community members to use this greenspace. We have planted Spring and Summer bulbs and are seeking community volunteers to resurface the path.

Community Litter Picks

In the last 12 months Litter picking equipment has been provided to individuals. 54 bags of litter collected during monthly community litter picks organised by LCC.

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Letham Climate Challenge

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with the United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities 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 the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the Trust Deed, The trustees are also responsible for safegaurding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

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Letham Climate Challenge Independent Examiner's Report to the Trustees

| report on the accounts of the Charity for the year ended 31 July 2025 which are set out on pages 5 and 6.

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. The charity trustees consider that the audit requirement of Regulation 10(1)(d) 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 independent examiner’s report

My examination is 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 seeks explanations of the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, | do not express an audit opinion on 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

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

Chartered Accountant

3 Barossa Place Perth PH1 5HG

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Letham Climate Challenge
Balance Sheet
as at 31 July 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 2 6,900 8,379
Current assets
Debtors 3 - 406
Cash at bank and in hand 120,884
120,884		 162,690
163,096
Current liabilities 4 (1,120) (2,364)
Net current assets 119,764 160,732
Net assets 126,664
169,111
Represented by funds
Unrestricted funds 118,919 84,748
Restricted funds 8 7,745 84/363
126,664 169,111

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that the member has not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

Chair Approved by the board on

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Letham Climate Challenge

Statement of financial! activities for the year ended 31 July 2025

Unrestricted Unrestricted Unrestricted
Funds Restricted Total Funds Restricted Total
Funds Funds
2025 2024
£ £
INCOMING RESOURCES
Donations and legacies
Donations and legacies 11,438 10,331 21,769 4,079 88,424 92,503
Charitable activities 6,748 1,201 7,949 10,705 729 11,434
—_18,186
14,532
29,718		 14,784
89.153
103,937
Investment income
Interest received i - o o 123 12
Resources Expended
Direct project costs 2,849 12,599 15,448 2,039 4,493 6,532
Premises costs
Premises expenses 4,233 4,233 651 3,595 4,246
4,233 - 4,233 651 3,595 4,246
Management and administration
Staff costs
Gross wages 39,333 39,333 34,879 34,879
Employer pension 105 105 107 107
Recruitment costs 240 240
39,678 - 39,678 - 34,986 34,986
Administration costs
Advertising 60 60 1,124 1,124
Insurance 877 877 680 680
Expensed equipment - - 480 195 675
Repairs and maintenance 4,548 4,548 508 508
Other office costs 4,598 4,598 1,295 2,335 3,630
Professional fees 1,280 1,280 1,254 1,254
Depreciation ATO ATO
2ee
 1438143
ee
a:
EXCESS INCOMEOVER EXPENDITURE (41,380) (1,067) (42,447) 5,913 42,869 48,782

Balances brought forward 1 August 2023		 84,748 84,363 169,111 78,835 41,494 120,329
Transfer between funds 75,551 (75,551) - -
Balancescarriedforward31July2024 118,919 7,745 126,664 84,748 84,363 169,111

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  1. Accounting policies

Letham Climate Challenge

Notes to the Accounts for the year ended ended 31 July 2025

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the year ended ended 31 July 2025 |
Accounting policies
Basis of preparation
The accounts have been prepared in accordance wth the Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republicc of
Ireland (FRS 102), effective 1 January 2015 (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102). The Venture Community Association meets the definition of a public benefit entity under FRS102 Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwse stated in the relevant accounting policy note
The presentational currency of the financial statements is Pound Sterling
Income recognition policy
Income is included in the SOFA when the charity becomes entitled to the income and the amount can be qualified with reasonable
accordance and receipt is probable. All income is unrestricted unless specifically restricted by the funder, Income is only deferred when the
Charity must fufil conditions before becoming entitled to it or where the funder has specified that the income is to be expended in a future
accounting period. |
Short-term debtors and creditors
Debtors are recognised when the Charity is legally entitled to the income after any performance conditions have been met, the amount can
be measured reliably and it is probable that the income will be received. Creditors are recognised when the charity has a pfesent legal or
constructive obligation resulting from a past event to make payment to a third party, it is probable that the settlement will be required and
the amount due to settle the obligation can be measured or estimated reliably.
Value Added Tax
The Company is not registered for VAT and accordingly, where applicable, all expenditure is inclusive of VAT
Funds
Unrestricted funds are those funds which can be used at the Trustees’ discretion, Restricted funds are those funds whose purposes have
restricted by the donor. Designated funds are those funds which have been earmarked by the trustees for specfic purposes. ©
Allocation of Overhead and Support Costs
Overhead and support costs, which include governance costs, are allocated between charitable activities. These costS have been
apportioned to the various activities on the basis of staff time, The allocation of overhead and support costs is analysed in note 4. Support
costs of the charity which have been funded by core grant which is not attributable direct to specific projects. Governance ts comprise
all costs involving the public accountability of the charity
Charitable Activities
Costs of charitable activities include direct costs and an apportionment of overhead and governance costs are shown in note 5
Tangible fixed fixed assets
Fixtures,
Tenant's fittings & Plant &
improvements equipment machinery | Total
£ £
Cost
At 1 August 2024 31,613 2,417 4,977 39,007
Additions -
Disposals _ _ | _
At 31 July 2025 ee31,613 2,417 4,977 39,007
Depreciation
At 1 August 2024 24,322 2,417 3,889 30,628
Charge for the year 1,287 - 192 1,479
AtOn31disposalsJuly 2025 _ 25,609- 2,417- 4,081- 32,107-
Net book value
At 31 July 2025 6,004 - 896 6,900
As at 31 July 2024 7,291 - 1,088 8,379
3 Debtors 2025 _ 2024
£ £
Prepayments | 406
- 406
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2 Tangible fixed fixed assets

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Letham Climate Challenge Notes to the Accounts for the year ended 31 July 2025

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4 Creditors: amounts falling due within one year 2025 2024
£ £
Other taxes and social security costs 475 1,742
Accruals 645 622
1,120 2,364
5 Analysis of expenditure on charitable activities
Direct
project Project delivery Support Goverance
costs staff costs costs costs Total
Restricted 4,493 34,986 6,805 46,284
Unrestricted 2,040 5,700 1,254 8,994
6,533 34,986 12,505 1,254 55,278
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6 Analysis of governance and support costs

The Trustees initially identifies the costs of its support functions. It then identifies those costs which relate The Trustees initially identifies the costs of its support functions. It then identifies those costs which relate The Trustees initially identifies the costs of its support functions. It then identifies those costs which relate to the goverance function, to the goverance function,
Having identified its goverance costs, the remaining support costs together with the governance costs are apportioned between
the charitable activities. Refer to the table below for the analysis of support and governance costs
Staff costs Support Governance Total
Premises costs 4,233 4,233
Staff costs 39,438 240 39,678
Advertising 60 60
Insurance 877 877
Expensed equipment - -
Repairs and maintenance 4,548 4,548
Other office costs 4,598 4,598
Professional fees 1,280 1,280
Depreciation 7 1,479 1,479
39,438 16,035 1,280 56,753
Analysis of staff costs, trustee remuneration and the cost of key management personnel
2025 2024
Salaries and wages 39,333 34,879
Social security costs
Pensions 105 107
39,438 34,986

7 Analysis of staff costs, trustee remuneration and the cost of key management personnel

No employees had employee benefits in excess of £60,000 (2023:£nil)

The charity trustees were not paid or received any other benefits from employment wthin the company in the year (2024:£nil) neither were they reimbursed expenses during the year (2024:£nil). No charity trustee received payments for professional or other services supplied to the charity (2024:£nil)

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; ,

Letham Climate Challenge

Notes to the Accounts for the year ended 31 July 2025 ) 2025 2024 Project support 3

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8 Analysis of charitablefunds
Analysis of movements in unrestricted funds
Balance Income Expenditure Transfers Balance
1 August 2024 34 July 2025
General fund
Designatedfund		 84,748 18,222 (59,602) 60,551
15,000		 103,919
15,000
Total 84,748 18,222 (59,602) 75,551 118,919
Analysis of movements in unrestricted funds - previous years
Balance Income Expenditure Transfers Balance
1 August 2023 31 July 2024
General fund 78,835 14,907 (8,994) 84,748
Designated fund -
Total 78 835 14 907 (8,994) - 84 748
Name of unrestricted fund Description, natureand purposes offund
General fund The ‘free reserves’ after allowing for all designated funds
Designated funds £15,000 has been transferred from unrestricted funds for continuation
of services (estimated 3 months running costs)
Analysis of movements in restricted funds
Balance Income Expenditure Transfers Balance
1 August 2024 31 July 2025
Climate Challenge Fund
Allotment Fund		 4,380
2,224		 1,780
4,074		 (402)
(4,311)		 5,758
1,987
Project Support Fund 78,131 (78,131) -
Collection and Delivery Fund (787) 787 -
Home Basics Fund 415 500 (2,708) 1,793 -
Climate Connect 5,178 (5,178)
84363 11,532 (12,599) (75,551) 7,745

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e .

Letham Climate Challenge

Notes to the Accounts for the year ended 31 July 2025

Analysis of movements in restricted funds Balance Income Expenditure Transfers Balance 1 August 2023 31 July 2024 Climate Challenge Func 4,380 4,380 Allotment Fund 272 4,153 (2,201) 2,224 Project Support Fund 34,893 85,000 (41,762) 78,131 Collection and Delivery Fund 1,534 (2,321) (787 Home Basics Fund 415 415 41,494 89,153 (46,284)_ __ 84.363 Name of restricted fund Description, nature and purposes of fund Climate Challenge Fund To support the advancement of carbon reduction Allotment Fund To support educating school children Project Support Fund To assist with the employment of support workers and core costs Collection and Delivery Fund To assist wth the costs of collecting and delivering furniture Home Basics Fund To assist with the basic home supplies for those in need Cost of Living Community Fund To assist the community during the cost of living crisis Community Envnonmental Challenge Fund To assist with the costs amd development of the allotments

9 Related party transactions

There have been no related party transactions during the financial period

10 Going concern

The Trustees consider that the charity is in a fair position to continue its activities durinf the coming year, and that the charity's reserves are adequate to fufil its obligations. The trustees have considered the going concern assumption and there are no material uncertainities’ about the charity's ability to continue as a going concern

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