**CHARITY REGISTRATION NUMBER: SC043469**
# **Towards Transition Stirling SCIO Financial Statements 31 March 2025**
Towards Transition Stirling SCIO
Flnanclal Statements
Year ended 31 March 2025
Page
Trustees, annual report
Independent auditorfs report to the trustees
statement of financial activities
10
statement of financial position
11
statement of cashflows
12
Notes to the financial statements
13-23
## **Towards Transition Stirling SCIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2025**
The trustees present their report and the audited financial statements of the charity for the year ended 31 March 2025.
## **Reference and administrative details**
**Registered charity name** Towards Transition Stirling SCIO
**Charity registration number**
SC043469
## **Auditors**
## Dickson Middleton
Chartered Accountants and Statutory Auditors 20 Barnton St, Stirling FK8 1NA
**Bankers**
Virgin Money 56 Murray Place Stirling FK8 2BX
1
## **Towards Transition Stirling SCIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2025**
## **Structure, Governance and Management**
Transition Stirling is governed by a Board of Trustees, responsible for strategic direction, operational constitution and complete an induction on joining. The Board meets regularly and is supported by operational teams as required.
## **Risk Management**
The Trustees maintain a risk register and regularly review strategic, operational, financial, and reputational risks. Key risks include funding sustainability, operational resilience, and the ongoing energy dispute.
## **Vision, Mission and Public Benefit**
Vision: Transition Stirling makes sustainable living easy for people and communities.
Mission: We create positive environmental change while uplifting communities. We promote sustainable practices that protect the planet, reduce waste, and improve quality of life, bringing people together to create a better future.
We keep things simple:
- Reuse more
- Adopt mindful shopping habits Borrow instead of buying Transform old items into new Donate so others can benefit
## **Public Benefit Statement:**
The Trustees confirm compliance with OSCR guidance. The charity advances environmental protection and community development by:
- Reducing waste to landfill through reuse and repair
- Improving access to affordable household items Supporting volunteering, skills development, and employability Strengthening local partnerships that promote social inclusion
## **Activities and Achievements**
## **Stirling Reuse Hub:**
The Reuse Hub remained central to our work. Highlights include:
- Diverting over 100 tonnes of material from the waste stream Selling over 30,000 items
- Providing significant quantities of goods free to those in need Maintaining robust safety-checking for electrical and household items
The Hub also hosts two partner charities: Good Green Futures (GoodBuild Hub) and Artlink Central.
## **Lower Polmaise Recycling Centre Reuse Container:**
Partnership with St Vincent De Paul enabled part-time staffing, capturing additional reusable items before disposal and strengthening collaboration with Stirling Council waste and recycling teams.
## **Library of Things:**
The Tool Library merged into the Library of Things at the Reuse Hub, offering over 300 items to borrow, from power tools to paddleboards. Membership now exceeds 300, benefiting from extended opening hours and access to shop-floor items.
## **ReBoot:**
The digital inclusion and electronic reuse project moved into the Reuse Hub, increasing financial viability through refurbished device sales.
2
## **Towards Transition Stirling SCIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2025**
## **Reclaimers:**
Operating in the City Centre, Reclaimers supported over 20 Makers and expanded its offering to include preloved items.
## **Community Food Project (Closure):**
The free food project was closed due to difficulties in securing long-term funding. Its positive legacy in reducing food insecurity is acknowledged, and the charity remains committed to addressing need through partnerships.
## **Partnerships and Collaborative Working**
Transition Stirling works closely with:
Stirling Council teams (waste, recycling, community services)
Local voluntary organisations and community groups
Local businesses and donors
These partnerships ensure local people have access to the goods, services, and support they need to thrive.
## **Volunteers and Community Engagement**
Volunteers are integral to our work. During the year:
Over 50 active volunteers contributed across the Reuse Hub, Reclaimers, Library of Things, and ReBoot A buddying scheme provided one-to-one support, increased confidence and wellbeing, and created pathways to volunteering, training, and employment
## **Environmental Impact**
Key achievements include:
Diverting over 100 tonnes of material from landfill
Capturing reusable goods via Lower Polmaise Recycling Centre Extending the life of electrical items through ReBoot Promoting reuse, repair, and sharing across the community
## **Main Risks and Uncertainties**
Principal risks include:
Financial sustainability Reliance on volunteer capacity The ongoing energy dispute
Mitigation measures include operational reviews, strengthened partnerships, and improved data collection.
## **Plans for the Future**
The charity will focus on increasing financial stability via direct income at the Reuse Hub, improving operational efficiency, and exploring new income opportunities. Strategic priorities include expanding reuse services, strengthening partnerships, and continuing environmental and social impact work.
3
## **Towards Transition Stirling SCIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2025**
## **Financial review**
## Summary
The total income for the year is £527,654 (2024: £629,108) with the main income coming from a variety of grants towards the work of the charity. The expenditure is £514,050 (2024: £686,353) to cover the running costs of the charity.
## Investment policy
the political, economic, legal and environmental factors that can affect funds and savings. The trustees have a duty to seek out suitable sources of income generation. The trustees also consider that it is prudent to accumulate funds for reserves to meet their legal requirement for employees and creditors. They also realise that this has to be balanced by ensuring that there are enough funds readi aims.
## Principal risks
The trustees regularly review the risks including the health and safety of volunteers to which the charity is exposed. They do not believe there any substantial risks beyond the liabilities disclosed in the Balance Sheet. on an annual basis.
## Reserves policy
At the end of the year the charity had £80,633 (2024: £67,029) of total reserves. Unrestricted reserves were £59,576 (2024:£19,460) and restricted reserves £21,057 (2024: £47,569). The trustees recognise that due to the nature of the current funding arrangements, it is difficult to accumulate reserves as funding is restricted to a particular project. The trustees are considering new funding streams so that funds for 3 months running costs can be held to cover the organisation when further funding is being sought. The trustees have not met this target at the end of this year but continue to actively seek further income streams.
## Going concern
At the time of approval of the financial statements the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for at least 12 months following the approval of the financial statements. In the financial year to 25/26 the Charity expects to record a modest surplus and is forecast to break even in future periods.
4
## **Towards Transition Stirling SCIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2025**
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland 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 of the incoming resources, including the income and expenditure, of the charity for the period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP 2015 (FRS102);
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate 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 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- There is no relevant audit information of which the charities auditor is unaware; and
- The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
## **Auditors**
A resolution will be proposed at the Annual General Meeting that Dickson Middleton be re-appointed as auditors of the charity for the forthcoming year.
By Order of the Board
Trustee 22 December 2025
5
**Towards Transition Stirling SCIO**
## **Independent Auditors report to the Trustees and Members**
## **Year ended 31 March 2025**
## **Opinion**
We have audited the financial statements of Towards Transition Stirling (the SCIO) for the period ended 31[st] March 2025 which comprise Statement of Financial Activities, Balance Sheet, Statement of Cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standards 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
## **In our opinion the financial statements:**
- give a st March 2025, and of its incoming resources and application of resources, including its income and expenditure, for the period then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and responsibilities for the audit of the financial statements section of our report. We are independent of the SCIO in accordance with ethical requirements that are relevant to our audit of the financial statements es in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
6
**Towards Transition Stirling SCIO**
## **Independent Auditors report to the Trustees and Members**
## **Year ended 31 March 2025**
## **Other information**
The trustees are responsible for the other information. The other information comprises the information Our opinion on the financial statements does not cover the other information and, extent otherwise explicitly stated in our report, we do not express any form of assurance thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement in other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the SCIO and its environment obtained in the course
We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion:
- proper accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the SCIO or to cease operations, or have no realistic alternative but to do so.
7
**Towards Transition Stirling SCIO**
## **Independent Auditors report to the Trustees and Members**
## **Year ended 31 March 2025**
We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:
- Inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;
- The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments, evaluating the business rationale in relation to any significant unusual transactions and challenging judgements and estimates;
- Reviewing minutes of meetings held by management and those charged with governance to identify any matters including actual or attempted fraud, litigation and noncompliance with laws and regulations;
- Inspecting expenditure incurred in the year while making sure this has been appropriately categorised in the accounts. This included agreeing a sample from the nominal ledger to purchase invoice while also reviewing post year end transactions and invoices to confirm the completeness of the expenditure was disclosed.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
8
**Towards Transition Stirling SCIO**
## **Independent Auditors report to the Trustees and Members**
## **Year ended 31 March 2025**
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
- accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable
- to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence
- may cause the charitable company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## **Use of our report**
Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility report, or for the opinions we have formed
**For and on behalf of Dickson Middleton, Chartered Accountants, Statutory Auditors, 20 Barnton Street, Stirling. FK8 1NE.**
**Dickson Middleton is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.**
**22 December 2025**
9
## **Towards Transition Stirling SCIO**
## **Statement of Financial Activities**
## **Year ended 31 March 2025**
||||||**2025**|2024|
|---|---|---|---|---|---|---|
|||Unrestricted||Restricted|||
|||funds||funds|**Totalfunds**|Totalfunds|
||**Note**||**£**|**£**|**£**|£|
|**Income and endowments**|||||||
|Donations and legacies|**4**|19,417||199,278|218,695|256,884|
|Charitable activities|**5**|24,384||1,453|25,837|106,268|
|Other trading activities|**6**|283,122||-|283,122|265,956|
|**Total income**||326,923||200,731|527,654|629,108|
|**Expenditure**|||||||
|Expenditure on charitable activities|**7**|313,375||200,675|514,050|686,503|
|**Total expenditure**||313,375||200,675|514,050|686,503|
|**Other Recognised Gains/(Losses)**|||||||
|Other||-|||-|150|
|**Net Resource Movement**|||||||
|||13,548||56|13,604|(57,245)|
|Transfer between Funds||26,568||(26,568)||`-`|
|**Net Movement in Funds**|||||||
|||40,116||(26,512)|13,604|(57,245)|
|**Reconciliation of funds**|||||||
|Total funds brought forward||19,460||47,569|67,029|124,274|
|**Total funds carried forward**||59,576||21,057|80,633|67,029|
.
**The notes on pages 13 to 23 form part of these financial statements.**
10
## **Towards Transition Stirling SCIO**
## **Statement of Financial Position**
## **Year ended 31 March 2025**
|**Note**
**Fixed assets**
**Current assets**
**Creditors: amounts falling due within one year**
**15**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Funds of the charity**
Restricted funds
Unrestricted funds
**Total charity funds**
**17**
Tangible fixed assets
**13**
Debtors
Cash at bank and in hand
**14**
|**2025**
2024
**£**
£
(81,556)
(149,021)
66,884
45,633
80,633
67,029
80,633
67,029
21,057
47,569
59,576
19,460
80,633
67,029
13,749
21,396
20,055
128,385
148,440
53,084
141,570
194,654|**2025**
2024
**£**
£
(81,556)
(149,021)
66,884
45,633
80,633
67,029
80,633
67,029
21,057
47,569
59,576
19,460
80,633
67,029
13,749
21,396
20,055
128,385
148,440
53,084
141,570
194,654|
|---|---|---|
|||45,633|
|||67,029|
|||67,029|
|||47,569
19,460|
|||67,029|
These financial statements were approved by the board of trustees and authorised for issue on 22 December 2025, and are signed on behalf of the board by:
Trustee
**The notes on pages 13 to 23 form part of these financial statements**
11
**Towards Transition Stirling SCIO Statement of Cash flows**
## **Year ended 31 March 2025**
|**Reconciliation of net movement in funds to net cash inflow**
**from operating activities**
Net movement in funds
Depreciation
Movement in debtors
Movement in creditors
**Net cash used in operating activities**
**Cash flows from investing activities**
Purchase of fixed assets
**Cash used by investing activities**
**(Decrease)/Increase in cash and cash equivalents in the**
**year**
**Cash and cash equivalents at 1stApril 2024**
**Cash and cash equivalents at 31st March 2025**|**2025**
**2024**
**£**
**£**
**13,604**
(57,245)
**7,647**
17,204
**33,029**
(31,517)
**(67,465)**
41,659|
|---|---|
||**(13,185)**
(29,899)|
||**-**
(20,350)|
||**-**
(20,350)|
||**(13,185)**
(50,249)
**141,570**
191,819|
||**128,385**
141,570|
12
**Towards Transition Stirling SCIO**
**Notes to the Financial Statements**
## **Year ended 31 March 2025**
## **1. General information**
The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal office is
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended).
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
The trustees have reviewed the financial position of the charity and are satisfied that it has sufficient resources to continue for at least 12 months beyond the date of approval of these accounts. The trustees have considered the contingent liability mentioned at note 20. The Trustees have reviewed risk assessed budgets in making this assessment which include assumptions about uncertain future funding levels. The accounts are prepared on a going concern basis.
## **Judgements and key sources of estimation uncertainty**
In preparing the accounts, the trustees were not required to make any judgements that would have a material effect on the numbers reported.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
## **Agency**
The charity acted as agent during the year. Receipts and payments on behalf of consortium members were accounted for in accordance with agency rules.
13
## **Towards Transition Stirling SCIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
**3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. In practice the donated items are recognised in the financial statements when sold. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Tangible assets**
It is our policy to capitalise assets which have an expected useful life in excess of one year and cost more than £1,000 excluding VAT. Purchases as part of a project are considered together when applying the £1,000 minimum limit. Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
14
## **Towards Transition Stirling SCIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
**3. Accounting policies** _**(continued)**_
## **Tangible assets** _**(continued)**_
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|Plant and machinery|-|33% straight line|
|---|---|---|
|Fixtures and fittings|-|20% straight line|
|E-Bikes|-|33% straight line|
|Motor vehicles|-|12% straight line|
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
15
## **Towards Transition Stirling SCIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
|**4.**
**Donations and legacies**
**Donations**
Reuse Hub Trading Funds
-
**Grants**
Carbon Calculator CCS
-
Climate Action Hub (FEL)
-
FEL CFP research project
-
Green Skills UKSPF
-
Job Creation Scheme
-
NOLB
-
Reuse Hub
18,996
Wellgreen National Lottery Community Led
-
Wellgreen Reboot COWANE
-
Wellgreen Volunteer Support
-
Other small grants
421
19,417
**Donations**
Reuse Hub Trading Funds
2,844
**Grants**
Business Resilience SC Reclaimers
Carbon Calculator CCS
4,000
Climate Action Hub (FEL)
Community Jobs Scotland
CSET lighting Reuse Hub
Cycle Share Fund
Ditching Disposables
E-bike Paths for All fund
Wellgreen New Freezer Fund 24
Wellgreen National Lottery Community Led
Wellgreen People for Places 24
Wellgreen Reboot COWANE
Wellgreen Reserves
480
Wellgreen Volunteer Support
Zero Waste Scotland Large Reuse Feasibility Study
7,324
Unrestricted
Funds
£
Unrestricted
Funds
£||-
-
24,689
24,689
27,757
27,757
3,000
3,000
37,440
37,440
15,600
15,600
29,980
29,980
-
18,996
42,000
42,000
7,592
7,592
10,500
10,500
720
1,141
199,278
218,695
2,844
19,800
19,800
-
4,000
20,000
20,000
7,500
7,500
3,673
3,673
12,537
12,537
18,000
18,000
51,050
51,050
4,050
4,050
52,500
52,500
2,500
2,500
7,085
7,085
480
13,000
13,000
37,865
37,865
249,560
256,884
Restricted
Funds
**Total Funds**
**2025**
£
**£**
Restricted
Funds
**Total Funds**
**2024**
£
**£**|-
-
24,689
24,689
27,757
27,757
3,000
3,000
37,440
37,440
15,600
15,600
29,980
29,980
-
18,996
42,000
42,000
7,592
7,592
10,500
10,500
720
1,141
199,278
218,695
2,844
19,800
19,800
-
4,000
20,000
20,000
7,500
7,500
3,673
3,673
12,537
12,537
18,000
18,000
51,050
51,050
4,050
4,050
52,500
52,500
2,500
2,500
7,085
7,085
480
13,000
13,000
37,865
37,865
249,560
256,884
Restricted
Funds
**Total Funds**
**2025**
£
**£**
Restricted
Funds
**Total Funds**
**2024**
£
**£**|
|---|---|---|---|
|||||
|||||
||||256,884|
16
## **Towards Transition Stirling SCIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **5. Charitable activities**
||||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|---|
||||Funds|Funds|**2025**|
||||£|£|**£**|
||ReBoot||11,981||- 11,981|
||Carbon Calculator CCS||-|1,105|1,105|
||WG Pantry Income||9,041|-|9,041|
||WG Reserves||3,039|-|3,039|
||Other||323|348|671|
||||24,384|1,453|25,837|
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2024**|
||||£|£|**£**|
||Reuse Hub||9,328|-|9,328|
||NOLB||12,056|47,824|59,880|
||TS Group Reserve||5,069|-|5,069|
||Job Creation Scheme Salaries||-|15,173|15,173|
||Other||1,990|14,828|16,818|
||||28,443|77,825|106,268|
|**6.**|**Other trading activities**|||||
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2025**|
||||£|£|**£**|
||Membership||849|-|
849|
||Income from workshops||11,473|-|
11,473|
||Reuse Hub||264,625|-|
264,625|
||Community food
|other|-|-|-|
||Interest received||25|-|25|
||Income from hire of rooms||6,150|-|6,150|
||||283,122|-|283,122|
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2024**|
||||£|£|**£**|
||Membership||505|-|
505|
||Income from workshops||656|982|
1,638|
||Reuse Hub||247,606|-|
247,606|
||Community food
|other|15,686|-|15,686|
||Interest received||21|-|21|
||Income from hire of rooms||500|-|500|
||||264,974|982|265,956|
17
## **Towards Transition Stirling SCIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **7. Expenditure on charitable activities by fund type**
|Unrestricted
Funds
£
Bank Charges
2,434
Bad Debt
75
Contractor Costs
5,693
Heat and Light
15,936
Employee Costs
140,918
Event Expenses
29
IT Consumables, software and website
3,483
Insurance
5,043
Marketing and Advertising
672
Materials and Stock
6,340
Memberships and Licenses
7,632
Operating Lease
65,971
Printing and Stationary
360
Project Costs
40
Maintenance and Repairs
2,475
Staff Expenses
435
Telephone and Internet
1,467
Training Costs
360
Travel Costs
96
Sundries
56
Vehicle Costs
1,499
Depreciation
5,399
Water Rates
4,211
Warehouse Set up Costs
119
Processing Tools and Equipment
1,147
Other Charitable Activities
-
Health and Safety
68
Makers Commissions
34,197
306,155
**Support costs allocated to activities**
Support and Governance costs
7,220
313,375|Restricted
Funds
**Total Funds**
**2025**
£
-
2,434
-
75
13,865
19,558
9,560
25,496
129,598
270,516
185
214
920
4,403
172
5,215
580
1,252
1,880
8,220
-
7,632
5,440
71,411
294
654
28,103
28,143
655
3,130
115
550
100
1,567
2,410
2,770
1,401
1,497
-
56
-
1,499
2,248
7,647
1,808
6,019
-
119
1,011
2,158
-
-
330
398
-
34,197
200,675
506,830
-
7,220
200,675
514,050|
|---|---|
18
## **Towards Transition Stirling SCIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
|Unrestricted
Funds
£
Bank Charges
3,976
Contractor Costs
5,004
Heat and Light
34,342
Employee Costs
166,446
Event Expenses
684
IT Consumables, software and website
2,024
Insurance
6,144
Marketing and Advertising
947
Materials and Stock
6,790
Memberships and Licenses
11,401
Operating Lease
66,461
Printing and Stationary
547
Project Costs
-
Maintenance and Repairs
4,794
Staff Expenses
614
Telephone and Internet
1,440
Training Costs
667
Travel Costs
2,140
Sundries
-
Vehicle Costs
3,029
Depreciation
14,958
Water Rates
4,249
Warehouse Set up Costs
36
Processing Tools and Equipment
308
Other Charitable Activities
-
Health and Safety
-
Makers Commissions
42,730
379,731
**Support costs allocated to activities**
Support and Governance costs
10,367
390,098|Restricted
Funds
**Total Funds**
**2024**
£
**£**
-
3,976
8,301
13,305
3,607
37,949
217,698
384,144
1,851
2,535
213
2,237
916
7,060
447
1,394
1,202
7,992
-
11,401
10,619
77,080
82
629
32,812
32,812
3,823
8,617
5,644
6,258
1,763
3,203
75
742
385
2,525
-
-
-
3,029
2,247
17,205
-
4,249
445
481
4,275
4,583
-
-
-
-
-
42,730
296,405
676,136
-
-
10,367
296,405
686,503|
|---|---|
## **8. Allocation of Support and Governance Costs**
|Support and
Governance Costs
Auditors Remuneration
7,000
Other legal and professional
220
7,220
**Support costs allocated to**
**activities**
Charitable activities
7,220
Raising funds
-
7,220|**2025**
**Total**
7,000
220
7,220
7,220
-
7,220|2024
Total
6,250
4,117
10,367
10,367
-
10,367|
|---|---|---|
19
**Towards Transition Stirling SCIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **9. Net (expenditure)/income**
Net (expenditure)/income is stated after charging/(crediting):
||Net (expenditure)/income is stated after charging/(crediting):|||
|---|---|---|---|
|||**2025**|2024|
|||**£**|£|
||Operating lease rentals|71,411|77,080|
||Auditors Remuneration|7,000|6,250|
||Depreciation of tangible fixed assets|7,647|17,205|
|**10.**|**Audit fees**|||
|||**2025**|2024|
|||**£**|£|
||Fees payable for Audit of financial statements|7,000|6,250|
## **11. Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
||**2025**|2024|
|---|---|---|
||**£**|£|
|Wages and salaries|270,516|384,144|
The average head count of employees during the year was 19 (2024: 23).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
## **12. Trustee remuneration and expenses**
No remuneration was paid to the trustees during the year (2024:Nil). No expenses were reimbursed
to the trustees during the year (2024: Nil). The charities insurance policy includes trustee indemnity
insurance cover for all its trustees.
## **13. Tangible fixed assets**
|**Tangible fixed assets**||||||
|---|---|---|---|---|---|
||Plant and|Fixtures and|E-bikes|Motor||
||machinery|fittings||Vehicles|**Total**|
||£|£|£|£|**£**|
|**Cost**||||||
|**At 1 April 2024**|13,608|4,717|6,742|24,834|49,901|
|Purchases||||||
|Disposals||||||
|**At 31 March 2025**|13,608|4,717|6,742|24,834|49,901|
|**Depreciation**||||||
|At 1 April 2024|10,908|2,933|2,247|12,417|28,505|
|Charge for the year|1,350|944|2,248|3,105|7,647|
|Released on Disposal||||||
|**At 31 March 2025**|12,258|3,877|4,495|15,522|36,152|
|**Carrying amount**||||||
|**At 31 March 2025**|1,350|840|2,247|9,312|13,749|
|At 31 March 2024|2,700|1,784|4,495|12,417|21,396|
20
**Towards Transition Stirling SCIO**
**Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
|**14.**|**Debtors**|||||
|---|---|---|---|---|---|
|||||**2025**|2024|
|||||**£**|£|
||Trade debtors|||6,187|2,390|
||Prepayments and accrued income|||12,742|46,746|
||Social security and other taxes|||1,126|3,948|
|||||20,055|53,084|
|**15.**|**Creditors: amounts falling due within**|**one year**||||
|||||**2025**|2024|
|||||**£**|£|
||Trade creditors|||20,580|5,844|
||Accruals and deferred income|||57,322|137,885|
||Social security and other taxes|||3,654|5,292|
|||||81,556|149,021|
|**16.**|**Deferred income**|||||
|||||**2025**|2024|
|||||**£**|£|
||Amount deferred in year|||39,322|111,004|
|**17.**|**Analysis of net assets between funds**|||||
|||||**2025**|**2024**|
|||||**Total Funds**|**Total**|
|||**Restricted**|**Unrestricted**||**Funds**|
|||**£**|**£**|**£**|**£**|
||**Fixed assets**|**13,749**|**-**|**13,749**|21,396|
||**Current assets**|||||
||Debtors|**-**|**20,055**|**20,055**|53,084|
||Cash at bank and in hand|**50,077**|**78,308**|**128,385**|141,570|
|||**50,077**|**98,363**|**148,440**|194,654|
||**Current liabilities**|**(4,250)**|**(77,306)**|**(81,556)**|(149,021)|
||**Net Current assets**|**59,576**|**21,057**|**80,633**|45,633|
|||||||
||**Net Assets/Funds**|**59,576**|**21,057**|**80,633**|67,029|
21
## **Towards Transition Stirling SCIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **18. Analysis of charitable funds**
||As at|Incoming|
Outgoing||As at|
|---|---|---|---|---|---|
||31/03/2024|Resources|
Resources|Transfers|31/03/2025|
|Reuse Hub Trading Funds|19,089|301,256|(277,613)|10,525|53,257|
|TS group reserves|13,299|373|
(16,131)|8,422|5,963|
|WG Community Food|(2,005)|-|
-|2,005|-|
|WG Pantry Income|23,241|9,041|
(2,625)|(29,657)|-|
|WG ReBoot Income|68|12,289|
(5,889)|(1,610)|4,858|
|WG Reserves|(38,146)|3,964|
(11,117)|40,797|(4,502)|
|Designated|3,914|-|
-|(3,914)|-|
|**Unrestricted Total**|**19,460**|**326,923**|**(313,375)**|**26,568**|**59,576**|
|Award for All|(23)|-|
-|23|-|
|Carbon Calculator CCS|-|25,793|
(25,785)|-|8|
|DTWL Makers|-|195|
(195)|-|-|
|Erasmus Plus|10,607|-|
-|(3,226)|7,381|
|Cycle Share Fund|4,495|-|
(2,419)||2,076|
|Climate Action Hub (FEL)|-|27,757|
(27,299)|(458)|-|
|FEL CFP Project|-|3,000|
(3,000)|-|-|
|Employability
No One Left Behind Funding||||||
|(Various)|9,156|29,980|
(24,510)|(11,300)|3,326|
|Green Skills|-|37,440|
(37,341)|(99)|-|
|Good Green Futures|-|140|
(290)|-|(150)|
|VSF Volunteering support|1,805|10,500|
(5,169)|-|7,136|
|Job Creation scheme|(322)|15,600|
(16,995)|1,717|-|
|WG NL
Community led|14,993|42,000|
(45,056)|(11,937)|-|
|WG NL
Events|303|349|
(247)|(405)|-|
|NL Planet|2,430|-|
(1,150)|-|1,280|
|Summer of Activities|1,351|-|
-|(1,351)|-|
|WG Invest in Stirling|310|-|
-|(310)|-|
|WG People for Places|2,464|-|
(2,375)|(89)|-|
|WG Reboot Stirling Council COWANE|-|7,592|
(7,202)|(390)|-|
|ZWS Large Reuse Feasibility Study|-|385|
-|(385)|-|
|WG Salary Donation|-|-|
(1,642)|1,642|-|
|**Restricted Total**|**47,569**|**200,731**|**(200,675)**|**(26,568)**|**21,057**|
|**Total All Funds**|**67,029**|**527,654**|**(514,050)**|**-**|**80,633**|
22
## **Towards Transition Stirling SCIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2025**
## **19. Operating lease commitments**
The amounts payable under the lease at the financial year end are;
|within one year
after one year|2025
**£**
65,000
97,500|
|---|---|
||162,500|
## **20. Contingent Liabilities**
Transition Stirling, as a result of moving into new facilities in 2022/23, received a claim for unpaid energy costs from their utility provider. The most recent claim was for £29,000. This claim is currently being disputed as we believe the amount to be far lower than this and the charity is in discussion with the utilities provider as to the final liability. The Until the liability is finalised there is therefore no provision recognised for this liability in line with FRS 102, until there is a sufficient level of certainty.
23