Registered Charity number SC043384 The HUB Dumfrles and Galloway (a Scottish Charitable Incorporated Organisation ) Trustees, Report and Financial Statements 31 March 2025 The HUB Dumfries and Galloway Report and accounts Contents Page Charty Infom)ation Trustees, report Independent examinerfs report Statement of Financial Activities Statement of Financial Position Notes to the financial statements 8-17 The HUB Dumfrles and Galloway Charlty Information Scottish charity number SC043384 Independent Examiners Carson & Trotter 123 Irish Street Dumfries DG12PE The HUB Dumfries and Galloway Trustees, Report The Trustees have pleasure in presenting their report and the flnancial statements of the charity for the year ended 31 March 2025. The financial Statements hav8 been prepared In accordance wrth the accounting poltcies set out in note 1 to the accounts and cornply with the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charitys constitution. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statemenl of Recommended Practice applicable to charities preparing their accounts In accordance with the Flnancial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). Objectlves and actlvltles The Charivs purposes aro '. 1 To advance education 50ci8l welfare and thè furtherance of heatth and vKII-b&ing: 2 The ￿lief of those in need by reason of age, ill health, disabilty, financial hardship or other disadvantage; 3 To advance other non-profit di8tributlng organisation8 In Dumfrle8 and Galloway in furthorance of their own purposes of advancement of educatlon, So￿81 welfare and relief of disadvantage,. 4 The advancement of communty development and cltlzenship to bulld 80cial capital and resilience in disadvantaged communities; and 5 To promote and organise ¢Ovoper8tion in the achlevement of the above purposes and bring together representstives of communitles, statutory agancles and non*rofit dlstrlbuting organisations engaged In the fvrtherance of the above purpo988. The HUB Dumfries and Galloway is a communty anchor organisatton that provides a resource base as well 88 'wrap around. dw48lopment support for non-profit dlstrlbuting organlsatlon8 ba8ed at the HUB to deliver their Social inclusion projects and services across Dumfrles and Galloway. The HUB Dumfrtes and Gall¢>way a180 develop8 and dellvers its tr#vn projects and 8ervlce8 Using communty development and asset based 8pproach. These projects and seNice8 a￿ developed to address an identified unmet communty need and Involve multi-agency partnership worf(ing. The projects and ser4ice8 progress the Scottish Government National Priorities and the local authority Local Outcomes Improvement Plan by developing with capacity of indmduals, voluntary organisations and communities. Achlevements and perfomian¢• H8vlng successfully completed a large number of Significant communlty welfare projects in the preceding year, the organisation carrfed out a re-assessment of how it should operate and support the local communty in the future. Its Plans for the Future are noted below. The HUB Dumfrles and Galloway Trustees. Report Flnanclal Rwlew The Overall financial posltion Is 58ti3factory. There was a deflcit for the sear of £5.190 (Prior year deficit.. £38,03n. Tolal unreSt￿ted c108ing re$eNes are £213.341 of which the General Fund balan¢e18 £29,418. Rlsk management The Trustees hav8 888e88ed the major rfsks to whlch the charlty Is exposed and confirn that the necessary sleps have been tsken to mitigate those rlsk5, particularty Ihosa related to financlal sustainabilty. R•8erves pollcy The Trustees have reVI￿1ed the re8eNe8 ￿lIcY and are confident that the current level of re8erves 18 appropriate In the context of the charws risk profile and luture plan8. Plan• for finure perfod8 Looking ahead, the charity ha8 decKled to focu8 on St8 role a8 a c￿nmUnIty Actlon Hub, provlding hlgh qualty ￿rvIced ofnce accommodatlon at its premi8e8 at th8 HU8 on Friars V8nnel In Dumfrie8 for the u8e of local communlty org8nl8atlons, bulldlng closa and supportlve p8rtnar8hlp8 With Its users. The Trustees rémain ¢c￿lMItted lo ensuring that the ch8rlty continu88 to dallver high-qualty Services and ré8ponds 8ffediwJ5y to emerglw néed8 wlthln the communlty. Reference and admlnlgtrntlve detalls Charity number.. Principal offica.. Independent examiners SC022925 Carson & Trotter, Chartered Accountants 1231ri8h Street, Dumfries DG12PE 8tru¢ture. Oovemance and Managem•nt Governlng document The HUB Dumffies gnd Galloway is a Scottish Charitable Incorporated Organisation (SCIO) and the purposes and adminlstration arrangements are set out In its constitution. The SCIO was incorporaled on 29 Augl￿t 2012. The HUB Dumfries and Galloway Tnystees. Report Appolntment of trugteeg Any person. nominated indmdual or body %thoAvhich wishes to become a charity truslee musl complete and sign a written application for charity trusteeship: and for a corporate body, that application must be sigrnd by an appropriately authorised officer of Ihat body who will remain as the representative of that corporate body until such time as the corporate body infonTtS the Board otherwise. Appltcations ￿111 then be considered by the Board of Trustees at its next Board meeting. All trustees retire from Offi￿ at the Annual General Meeting but are eligible ts re-election. stst•m8nt of Trusleos. Rupon8ibilitios The TN8t8es are regponsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and Unrted Kingdom Standards (Generally Accepted Accounting Practice). The law applicable to charities in Scotland ￿qUireS the truslees lo prepare financial statements for each financial year Ihat give a true and fair vtew of the state of affairs of the charlty and of incoming res￿r¢e3 and appltcation of resources ￿ that ￿r. In preparing these financial staiements, the trustees are requireAI to: select suitable accounting po[￿leS and then appty them consistenty, obsenR the methods and principles in tfr* Charitles SORP (2019)(FRS102); make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subjact to any material departures disclosed arKI explained in the finan￿1 slatements: prepare the financial statements on the going concem basls unless it is lnappr￿rlate to presume that the Charity will continue in operdtion. The Trustees are feBponsible for keeping proper accounting records which rfisck)3e wth reasonable accuracy at any time the financial posiiion of the Charty and to enable them to ensure that the accounts compty with the Companies Act 2006. the Charities and TnLqtee Investment (Scotland) Acl 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charlvs constitution. The direclors are also responsible for safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detectK)n of fraud and other irregularities. This report Wds appioved by the board on mber 2025 and signed on ts behalf. Trustee The HUB Dumfrles and Galloway Independent examlnees report to the Trustees of The HUB Dumfrfes and Galloway I report on Ihe accounts for the yaar ended 31 March 2025 set oul on pages 6 to 17. Respectfve re8ponslbllftleJ of dlrectors and •xamlner The charity's Trustees are responsible for the preparation of the accounts in accordance wlth the temis of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (8) to (c) of the Account3 Regulations does not apply. It16 my responsibilty to examine the accounts as required under 88Ctlon 44(1) (c) of the Act and to State whelher particular matters have come to my attention. Bagls of Indepondent examlnef8 Statement My examination 18 carried out in accordance with Regulatlon 1101 Ihe Charilias Accounts (Scotland) Ragulatk>ns 2008. An examlnation Includes a revlew of the accounting records kepl by the charlty and a comparl8on ol tho accounts presented with th08e records. It also Includes consideration of any unusual item8 or di8c108UW85 in the accounts, and seeks e)(planatlons from the trust888 concernlng any Such matterg. Tha procedures undertaken do not provide all the 8vidence that ￿Uld be required in an audit, and consequently I do not express an audit opinion on the vlew given by the accounts. Independent •xamln•rf• statsrnent In the courne of my examinatlon, no matter has come to my attentlon 1. ¥thich gives me rea80nabl8 cau68 to belleve that in any materlal rnspect tha requlrement8: to keep accountlng records in accordance wlth Sectlon 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended). and to prepere accounts which accord *lth the accounting rec¢rd8 and comply with Regulatlon 8 of the 20C Accounts Regulation¥ (as amended) have not been met. or 2. to whkh, In my oplnlon, attention shoukl be drawn In order to enable a proper understandlng of tho xcounts to be reached. Carson and Trotter Chartered Accounlants 123 ITish Slreet Durnfries DG12PE Dated: 18 December 2025 The HUB Dumfries and Galloway Statement of financial activities for the year ended 31 March 2025 Unrestricted Funds Reslricted Funds Totsl Funds 2025 Notés 2024 Income from: Charitable activities Other trading activities Total in¢ome 121.897 49.373 171,270 1.580 1,580 Expendlture on: Charltable activities Operation of act￿llIeS Govemance costs (6.546) (224) (6,770) {6,546) (224) (6,770) (205,387) <3,920) (209,30n Totsl expendfture Net Incomel{expendlture) for the year (5,190 (5,190) 38,037) Net movement in funds (5.190) {5,190) (38,03n Reconclliatlon offunds.. Total funds brought forward Totsl funds carrled forward 218.531 218.531 256,568 £213,341 £213.341 £218.531 The Statement of Financial ACtI￿leS includes all gains and bsses in the year All of the above amounts relate to continuing activtires The prior year Statement of Financial Actmties is provided in note 15 notes on pages 8 to 17 fom part of these financlal statements The HUB Dumfries and Galloway Statement of Financial Posltlon as at 31 March 2026 2025 2024 Flxed ass•ts Tangl￿ assets 165.529 170,108 Debtors Cash at and in harKI 10 885 67,204 68.089 49,589 49.589 Creditors: amounts falllng due wlthln on• y•ar 11 (1.777) (19,666) Net current asg•t8 47,812 48,423 Total net assets £213.341 £218,531 The funds of the charity Un￿Sti￿ted fu￿.. General funds Designated funds 13 13 29.418 183,923 31.939 186,592 Total charity funds £213.341 £218,531 These acounts were apprO￿d and authorised by the Bo8rd of Trustees on 18 December 2025 and signed on its behaff by. Tfuste8 The notes ￿ pages 8 to 17 fm part of these fjnancial ststements The HUB Dumfries and Galloway Notes to the Flnanclal Ststements for the year ended 31 March 2026 I Summary of slgnificant accountlng pollcles The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. General Infomiatlon and basls of preparntlon The HUB Dumfries and Galloway is a Scottish Charitable Incorporated Organisation (SCIO). The address of the principal office is given in the charity infomiation of these financial 5tatement3. The nature of the charitys operations and principal acti￿1189 are given in the objectr4es and activities infomiation. The Charity constitutes a publkc benefrt entlty as defined by FRS 102. The financial 8tatements have been prépared in accordance with Accounting and Reporting by Charities.. Statement of Recornmended Practice applicable to charities preparing their accounts In 8ccord8nce wllh the Financial Reporting Stsndard applicable in the United Kingdom and Republic ol Ireland (FRS102) issued on 16 July 2014 (as updated through Update 8ullelln 1 publishgd on 2 February 2016), the Charities and Trustee Investment (Scotland) Act 2005 and the Charitie8 Accounts (Scotland) Regulation8 2006 (as amended). The Charlty has applled Update Bultetln 1 published on 2 February 2016 and does not include a Gash flow statement on the grounds that It is applylng FRS 102 Section 1A. The financial Slatements are presented in sterling which is the functEonal currency of the charity and rounded to the nearest £1. Fund accountlng Unrestricted funds are available for u8e at the d18¢re￿on of the Trustees In furtherance of the general objectives of th6 charty. Designated funds are unrestricted funds eamarked by the Trustees for particular purposes. The aim and use of each designated fund is set out In the notes to the financial statement8. Restricted funds 8re 8ubject to r88trlctions on their expenditure imposed by the donor8 or which have been raised by the chanty for particular purposes. The cost of raising and administering Such funds are charged again8t the specific fund. The aim and use of each re8tricted fund 18 86t out in th& notes. The HUB Dumfries and Galloway Notes to the Financial Statements for the year ended 31 March 2026 Income recognltlon All income is included in the Statement of Financial Actmtses w￿n the charity 1$ legalty entitted lo the income after any perfomarK8 conditions have been met, the amount can be me&8ured reliabty and it is probable that the incorrke wll be received. The following specffic policies are applied to particular Categor￿ of income: Income from grants are recognised at fair value lthen the charty has entitlemenl after any perfomiance conditions have been met. il is probable that the income wll be received and the amount can be mea8ured reliably. If entillement is not met then these amounts are deferred. For donations to be recognised the dwrity will have been notilled of the amounts and settlement date, often in writing. If there are conditions attached to the donation and th18 requires 8 level of performanc& before entitlement can be obtained then income Is deferred until those conditions are fulty met or the fuifilment of those corKlitrons is within the control of the charity and it is probable that they viill be fulfilled. Investment income18 Induded vthen receivable. No amount Is Irduded in the financial statements for ￿lunteer time in linè *ith the SORP (FRS102). Exp•ndllurn rncognltlon All expenditure is accounted for on an acc￿￿5 basis and has been classif*d under h8adin98 that aggregate all costs related to that category. Expenditure is recognised where there is legal or constructive obligation to make pa>rynenls to third parties, it is probable that the Settlement will be required and the 8mount of the obl￿￿0￿ can be measured reliably. Expendfture includes any VAT which cannol be fulty recO￿red and ig reported as part of the expenditure to which il relates. Support and governance costs Support costs are Ihose functions that as8181 the work of the charlty but do directly represent charrtable acli¥itM. Support C08ts include back ofte cosls, finance, personnel. payrol and govemance ¢0sts whlch SLPPOrt the activitses of the charity. Governance costs comprise all costs involving Ihe publi¢ aCcc￿nI8bIlty of the charity and it8 compliance regulation and good practic*. These costs include costs related lo statutory audit, independeni examlnatlon of acwints and costs relating to board meetings. As there 18 onty one actimty of the charlty all support and govemance costs relate lo this. The HUB Dumfrtes and Galloway Notes to the Financlal Statements for the year ended 31 March 2026 Income from tradlng actlvltles Income from trading activities 18 measured at the fair value of the consideration received or receivable, net of discounts. Income from trading Includes revenue earned from the sale of promotional merchandise and from the rendering of non-charitable sep4ices. Income from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Income from Ihe rerKlerlng of servlces 1$ recognised by reference to the stage of completion of the contracl. The stage of completion of a contracl Is measured by comparing the costs Incurred for work performed to date to the total estimated contract costs. Tanglble fixed assets and depreclatlon All fixed assets are recorded at cost less accumulated depreciati¢)n. Depreciation is calcutated so as to write off the cost of an a88et, les¥ its estlmated residual value, over the u8eful economic lrfe of that asset a8 foll¢M: Buildings.. 2'h straight Ilne Plant and Equlpment: 200h on the reduclng balance Furniture and FÉlting8: 15% on the reducing balance Short life 8SS8ts Costing 1888 than £2,500 are fully charged 88 expenditure In the year of acqui81tion. Debtors Short tenn debtors are measured at transaction price (whrch 18 usually the involce price), le88 any impairment1088e8 for b8d and doubtlul debts. Loans and other financlal assets are Inttlally recognis8d at transactton prtce Including any transactlon cost8 and subgequently measured at amortised cost detemined uslng the effectlve intere8t method, less any Impaiment1088e8 for bad and doubtful debts. Credltors Short term creditors are measured at Iransaction price (which is usually Ihe invoice price). Loans and other financial Ilabilitieg are inltlalty recognised at transactlon price net of any transaction costs and subsequently measured at amortised cost delerniined using the effective interesl method. Operatlng Lease Rentals appllcable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Flnancial Acti￿lIeS on a straight line basis over the period of the lease. 10 The HUB Dumfries and Galloway Notes to the Flnanclal Statements for the year ended 31 March 2026 Flnanclal Instniments The charity only has finan¢lal assets and financial liabilities of a kind that qualfy a8 basic financlal Instruments. Basic financial instruments are initially recognised at transaction value and subsequentty measured at thelr settlement value with the exception of bank loans which are subsequently measured at amortised cost uslng the effective interest method. Penslons The charity operates a defined contribution pension scherne for the benefit of Its employees. The assets of the Scheme are held separately from those of the charity In an independently administered fund. The annual contributions payable are charged to the statement of financial activtti8S. Govemment grnnts Grants are credlled to deferred revenue. Grants towards capital expenditure are released to the income and expendlture account over the expected useful life of the assets. Grant8 towards revenue expendlture are released to the income and expenditure account a8 the related expenditure 18 incurred. Golng concern The financial statementg have been prepared on a going concem basis a8 the trusteés believe that no material uncert8inties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted Income and expenditure Is sufficient with the level of resebves for the charity to be able to contlnu& as a going concarn. 11 The HUB Dumfries and Galloway Notes to the Flnanclal Ststements for the year ended 31 March 2025 2 Income from charttable actfvftl8S Total Funds 2025 Total Funds 2024 provided by governmenl aMT olh&rchaiitss Dumfries & Gallw Councll Rent Guarantee Scheme Help with Heating Other gr￿5 Scottish Govemment Communty Health & WeIlbeing Fund Annandale & Nithsdale Communty Benefft Co SCVO Digital Charter Funding 54.820 23,126 31.305 6.519 6.127 Total Income frorn charltable activliles 121,897 All income from charitth adiiaknes in both 2025 and 2024 is unrestrided 3 Income from other trading actNities 2025 2024 Facilities provided at the HUB prernises Ser￿l¢ed desk charges Photocopying and printing Meeting room bookings Recoverable expenses Commissioned ￿1rk Other income Bank interest 11,535 5.317 1,810 1.062 28,043 100 1,480 1.580 49,373 All income from other trading actNitM and investment income in both 2025 2024 is unrestricted 12 The HUB Dumfries and Galloway Notes to the Flnanclal Statements for the year ended 31 March 2026 4 Expendlture on ¢harftable actlvltle8 Totsl Funds 2025 Total Funds 2024 Dlrect costs Employee costs Volunteer Travel and subsistence Rent deposit guarantee bonds paid Help with Heating Scheme consumabl89 Total direct costs 38,163 15,888 1.750 3,688 59.489 Support C08ts Employee c08t8 Premisès Repalrs and equlpment Professional fees Depreclation General adminlstrative expenses (7,123) 4,487 163 600 4,579 11X).119 12,876 13.295 5,076 14,532 145,898 Total expendlture on operallon of actlvltlé8 205,387 Governance costs Independent Examlnalion fee Accountancy fees Bank charges Committee expenses Total governance costs 2,100 1,575 173 89 135 224 3,920 Total expondlturn on charltable actlvltles 6,770 209.307 All expenditure on charitable activities In both 2025 and 2024 18 unrestricted. 13 The HUB Dumfrles and Galloway Notes to the Flnanclal Statements for the year ended 31 March 2025 S Net incomel(expenditurn) for the year 2025 2024 Thls is stated after charging: Depreclation of LTr•med fixed assets Independent examinerfs ramuneration Independent examinerfs remuneration for other 8eNlces Key management personnel remuneration 4,579 5,076 2,100 1,575 69.040 89 6 Staff costs 2025 2024 Wages and salarfes Social securty costs Other pension costs (6,859) 122,694 8,630 5,518 136,842 (264) (7.123 Salary and pen8ion costs were In cradit 88 a result of final 8dJustment8 to provislons made at the end of the previous year and the redundancy of all Staff. Other penslon costs comprlse contributions to a defined conlributlon scheme which Is operated for all qualfying employees, No employees received emoluments of more than £60,000 during the year (2024 - nil> Numbèr Number £60,001- £70,000 Average number of employees durlng th• year Project workers Adminlstrative staff Management 8t8ff Number Number 7 Trustee romun•rntlon, benefits and •xp•nge8 No members of the Board of Trustees recelved any remuneration during the year. There was no expenditur8 in relation to holding meetlngs in the current or previous year. No travel expenses were paid to Trustees in the current or prevlous year. 8 Taxatlon The charity is exempt from tax on income and gains falllng within saction 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to thè extent that these are applled to its charitable objects. 14 The HUB Dumfrles and Galloway Notes to the Financial Statements for the year ended 31 March 2025 Land and bulldlngs At cost Fumiture & ffttlngs At cosl Plant & equipment Atcost 9 Tangible fixed assets Total Cost or valuation At 1 April 2024 At 31 March 2025 183.454 183.454 16,216 16,216 23,594 23,594 223.264 223.￿A Depreclatlon At 1 April 2024 Charge for the year At 31 March 2025 24.021 2.669 26.690 11.715 675 17,420 1.235 18.655 53.156 4,579 57,735 12,390 Carrying amount At 31 Marth 2025 156,764 3,826 4.939 165,529 At 31 March 2024 159.433 4.501 6,174 170,108 Included wlthSn land and buildings is *ith a fdlue of £50.IXIO which is not depreciable. 2025 2024 Carrying amount of land and t>uiklir#Js on cost basis 183,454 183,454 Land and buiklings N%ere valued at £185,000 in 2018. 10 Debto 2025 2024 Trade debtors 885 11 Creditors: amounts falllng due wlthln one year 2025 2024 Trade credit(xs Other taxes arKI sc¢ial security costs Accruals and deferred irKome 7,922 1,200 1,777 3,300 19,666 12 Net debt reconciliation Cashflows Cffwd Cash at bank and in harKI 67.204 17.615) 49.589 Prfor net debt reconciliat￿n Cash at bank and in hand 126.674 59.470 67.204 15 The HUB Dumfries and Galloway Notes to the Flnancial Statements for the year ended 31 March 2025 13 Unrestrlcted Income funds Income Expendtture Transfern cfv General Fund 31.939 1.580 (4.101) 29,418 Designated funds.. Propety Fund Maintenance Fund 161,592 25,000 (2,669) 158,923 25,000 218.531 1,580 (6,770) 213,341 PrfOry￿r unrnstrfcted Income funds General Fund 68,226 Designated fund8', Property Fund Maintenance Fund 171,270 (207,557) 31,939 183,342 25,000 (1,750) 161,592 25,000 256,568 171,270 {209,307) General fund The General Fund18 used for the day-to-day runnlng of the HUB and its activsires. Purposes of deslgnatsd fundg The Property Fund represents the fund8 of the Charity held a8 land and building8. The Maintenance Fund is to provlde for fulure major malntenance on the propety and lo cover the self-insured element of potential flood damage claims. Tanglble fixed Net current assets a88ets 14 Analysls of net assets between fund8 Total Unrestrfcted Income funds Designated funds General fund 158,923 6,608 165.529 25,000 22,812 47,812 183,923 29.418 213,341 Prfor Yearanalysis of net assets batween funds Unrestricted Incorne funds Designated funds General fund 161,592 8,516 170,108 25,000 23.423 48,423 186.592 31,939 218,531 16 The HUB Dumfrles and Galloway Notes to the Financial Statements for the year ended 31 March 2025 15 Prk)r Year Statement of Financial Actlvities Unrestrfcted Restricted Funds Funds Total Funds 2024 Notes Income from: Charitable activities Other trading actmties 121,897 49.373 121,897 49,373 Total income 171,270 171,270 Expend5ture on: Operation of actiiAties Govemance costs {205,387) (3.920) (205,387) (3,920) Total expendlturg (209.307) (209,307) Net Incomel