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2025-12-31-accounts

REGISTERED COMPANY NUMBER: SC435957 (Scotland) REGISTERED CHARITY NUMBER: 043556

Report of the Trustees and

Financial Statements for the Year Ended 31 December 2025

for

The Edinburgh Remakery Ltd

The Grant Considine Partnership Statutory Auditors & Chartered Accountants 46 High Street Banchory Aberdeenshire AB31 5SR

The Edinburgh Remakery Ltd

Contents of the Financial Statements for the Year Ended 31 December 2025

Page
Report of the Trustees 1 to 5
Report of the Independent Auditors 6 to 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 24

The Edinburgh Remakery Ltd (Registered number: SC435957)

Report of the Trustees for the Year Ended 31 December 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity, as set out in the company Articles, are:

(a) The advancement of the environmental protection and improvement for public benefit by, for example:

  1. promoting sustainable use of material goods and resources through repair, re-use, reclamation, recycling, use of recycled products and use of surplus and leftover materials.

  2. reducing the carbon emissions linked to production and consumption by encouraging re-use and reduction of consumption.

(b) The advancement of education of the public about all aspects of waste generation, waste management, repair, reuse, and recycling by, for example:

  1. supporting skills sharing, development and training.

  2. working in partnership to develop repair and re-use services.

(c) The advancement of education and opportunities for disadvantaged groups or people suffering financial hardship through the promotion of re-use and repair.

The main aim of the charity is to operate as a social enterprise with charitable status with a remit for education around repair and reuse, Circular Economy model.

We revised our Vision, Mission, and Values in August 2021. In May 2025, at our Staff Away Day, we rationalised our values to align closely with our purpose. These were adopted in October 2025. We will re-evaluate our mission statement in 2026.

Mission - To reduce waste by providing support and training to communities and businesses to Repair, Reuse and Recycle.

Vision - Our Vision is to create a culture of sustainable, waste-free living, and protect our planet for future generations to come.

Values -

Significant activities

Activities during the year included:

Page 1

The Edinburgh Remakery Ltd (Registered number: SC435957)

Report of the Trustees for the Year Ended 31 December 2025

OBJECTIVES AND ACTIVITIES

Volunteers

The charity is assisted by volunteers and wishes to thank all those involved.

STRATEGIC REPORT

Achievements and performance

Charitable activities

In 2025, we completed the final year of our Strategic Plan 2023-2025: Settle & Strengthen. This plan gave us the space to fully settle into our premises at Newkirkgate and to focus on developing and strengthening our products and services.

Strengthening Our Team

We restructured our Tech Team to improve efficiency and recognise internal talent, promoting staff and enhancing skill sets across the team. Alongside this, we explored future Tech roles and product sales to support long-term growth.

Leading the Way in Social ITAD

This year, we firmly positioned Edinburgh Remakery as Scotland's leading Social IT Asset Disposition (sITAD) provider. We saw a marked increase in businesses choosing our services, refreshed our marketing materials, clarified our ESG (Environmental, Social and Governance) proposition, and deepened key partnerships. Our presence at DigitExpo Edinburgh and Glasgow, as well as Procurex Scotland, significantly expanded our client leads. We also worked closely with HSBC to introduce our sITAD services to their business clients.

Community Impact Through Tech Reuse

Our Tech Donation Box for Schools project was hugely successful. Although the funded phase came to an end, the project generated valuable feedback and robust data that will support future routes into schools.

After many years in development, the Tech Donation Box for Libraries project finally launched - with phenomenal results. Communities embraced the opportunity to dispose of unwanted tech through an easy, ethical route focused on repair and reuse at its very heart. The project was warmly received by the public and received exclusively positive feedback from the Council, with a shared sense that together we were helping to tackle digital poverty.

Recognition and Learning

Significant recognition and support also marked 2025. We won multiple awards for our environmental, social, and business impact. We were honoured to receive consultancy support from Teneo and 3M, and our CEO was selected as one of Sir Tom Hunter's Scottish Changemakers. The resulting reports strengthened our business proposition, enabled us to articulate our Social Return on Investment (SROI), develop our Theory of Change, and prepare confidently for growth.

Fundraising activities

Challenges in a Changing Funding Landscape

Our charitable mission was affected by reductions in funding. Community Clubs continued thanks to support from EVOC and Leith Chooses. Demand for our Tech Gifting Programme grew, underscoring that digital poverty remains a significant issue in Scotland - even as funding reduced. We primarily delivered this programme through partnership donations and our Social ITAD service.

We also continued our Tech and Textiles Repair Cafés, subsidising these ourselves where no funding or sponsorship was available.

Financial review

Financial position

Total income for the year amounted to £703,696 (2024; £637,340). Principal sources of funding are grants, sales of recycled products, and events income as reported in the Statement of Financial Activities. The charity recorded a net surplus of £3,240 (2024; £14,760) for the year. Total general reserves amount to £34,829 (2024; £13,166) and total restricted reserves are £8,591 (2024; £27,014).

Page 2

The Edinburgh Remakery Ltd (Registered number: SC435957)

for the Year Ended 31 December 2025

Report of the Trustees

STRATEGIC REPORT Financial review

Reserves policy

The stated aim is to achieve a reserve equivalent to 6 months of unrestricted expenditure, presently around £50,000 per month. The unrestricted balance of £34,829 is not deemed to be sufficient and steps are already in place to fulfil the charity's objectives. These steps include the reduction, where possible, of some of the regular costs. Tighter budget controls have also been put in place that are visible to all the section managers and are discussed on a regular basis. The budgets that have been set for 2026 have been based on a level to actively increase the reserves.

Looking Ahead

The year was not without challenges. While income generation grew and met targets, changes in the funding landscape affected forecasting and our bottom line. These experiences have directly informed our 2026-2027 Strategy: Growth with Purpose, recognising the need to reduce reliance on grant funding and build a more resilient, trading-led model.

A changing funding landscape has sharpened our focus and strengthened our resolve. We are recommitting to our charitable mission: ending loneliness through repair and reuse, and tackling digital poverty-one refurbished laptop at a time. To support this, we will clearly distinguish between our charitable work and our social enterprise activity, with defined missions, values, and impact stories for each.

At the same time, our Social ITAD (sITAD) service has grown organically throughout 2025, positioning us to become Scotland's leading social ITAD provider. Our Growth with Purpose strategy sets out a clear roadmap to expand business partnerships, increase refurbished tech sales, and deliver greater impact across Scotland. Through social investment, we will build efficient systems, create skilled circular economy jobs, and reach new markets.

We are laser-focussed on promoting our Social ITAD Services. It is these services which power our impact enabling us to deliver our charitable mission.

As we move into 2026, our ambition is clear. While our roots are in Edinburgh, our future is national. We are on a path to become Scotland's Remakery-showing what's possible through the power of tech repair and reuse.

Edinburgh Remakery - Scotland's Remakery

Together, Scotland can Waste Less Live More.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity is a company limited by guarantee, governed by its memorandum and articles, and recognised as a charity by the Office of the Scottish Charity Regulator in accordance with the provisions of the Charities and Trustee Investment (Scotland) Act 2005. In accordance with the articles of association, every member is liable to contribute a sum of £1 annually.

Recruitment and appointment of new trustees

As set out in the articles of association, the members elect directors/trustees at the annual general meeting. the maximum number of director / trustees is 12. The directors/trustees may appoint additional directors/trustees during the year up to the maximum allowed..

Essential information detailing the responsibilities of directors/trustees is provided to new recruits along with details of the charity's activities.

Organisational structure

The board, which meets on a regular basis, administers the charity. Elaine Brown, Chief Executive Officer, is responsible for day to day management of the charity..

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

SC435957 (Scotland)

Page 3

The Edinburgh Remakery Ltd (Registered number: SC435957)

Report of the Trustees for the Year Ended 31 December 2025

Registered Charity number 043556

Registered office 13a Newkirkgate Edinburgh EH6 6AD

Trustees

J Miles (resigned 29.10.25) J Orr (resigned 19.3.25) K Bouchaar (resigned 19.3.25) E P Brown (resigned 29.10.25) C Kozlowski E Mitchell (resigned 25.10.25) E Tainsh L McDonald M Sangster M Donn (resigned 29.10.25) Ms F Kippax S Conte (appointed 25.8.25) J Laird (appointed 25.8.25)

Company Secretary L McDonald

Auditors

The Grant Considine Partnership Statutory Auditors & Chartered Accountants 46 High Street Banchory Aberdeenshire AB31 5SR

Solicitors

Wright, Johnston & Mackenzie LLP St Vincent Plaza 319 St Vincent Street Glasgow G2 5RZ

Bankers

Co-operative Bank PO Box 250 Skelmerdale WN8 6WT

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Edinburgh Remakery Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 4

The Edinburgh Remakery Ltd (Registered number: SC435957)

Report of the Trustees for the Year Ended 31 December 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website.

AUDITORS

The auditors, The Grant Considine Partnership, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 15 June 2026 and signed on the board's behalf by:

C Kozlowski - Trustee

Page 5

Report of the Independent Auditors to the Trustees and Members of The Edinburgh Remakery Ltd (Registered number: SC435957)

Opinion

We have audited the financial statements of The Edinburgh Remakery Ltd (the 'charitable company') for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities 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 the trustees' use of the going concern basis 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.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 6

Report of the Independent Auditors to the Trustees and Members of The Edinburgh Remakery Ltd (Registered number: SC435957)

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the 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.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to 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 charitable company or to cease operations, or have no realistic alternative but to do so.

Page 7

Report of the Independent Auditors to the Trustees and Members of The Edinburgh Remakery Ltd (Registered number: SC435957)

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

All audit engagement team members were alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Owing to the inherent limitations of an audit, there is unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISA's (UK). The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non -compliance with laws and regulations to enquiry of the trustees other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 8

Report of the Independent Auditors to the Trustees and Members of The Edinburgh Remakery Ltd (Registered number: SC435957)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Louise A Considine (Senior Statutory Auditor) for and on behalf of The Grant Considine Partnership Statutory Auditors & Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 46 High Street Banchory Aberdeenshire AB31 5SR

15 June 2026

Page 9

The Edinburgh Remakery Ltd

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
58,803
Charitable activities
6
Sales of recycled products
524,683
Workshop & course fees
17,998
Other trading activities
4
15,000
Investment income
5
384
Total
616,868
EXPENDITURE ON
Charitable activities
7
Remakery development & running costs
261,765
Admin & overheads
320,371
Other
13,069
Total
595,205
NET INCOME/(EXPENDITURE)
21,663
RECONCILIATION OF FUNDS
Total funds brought forward
13,166
TOTAL FUNDS CARRIED FORWARD
34,829		 Restricted
funds
£
86,468
360
-
-
-
86,828
59,736
45,515
-
105,251
(18,423)
27,014
8,591		 2025
Total
funds
£
145,271
525,043
17,998
15,000
384
703,696
321,501
365,886
13,069
700,456
3,240
40,180
43,420		 2024
Total
funds
£
209,343
386,666
18,716
22,083
532
637,340
308,509
298,692
15,379
622,580
14,760
25,420
40,180

The notes form part of these financial statements

Page 10

The Edinburgh Remakery Ltd (Registered number: SC435957)

Balance Sheet

31 December 2025

Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
14
50,271
Cash at bank and in hand
25,719
75,990
CREDITORS
Amounts falling due within one year
15
(41,161)
NET CURRENT ASSETS
34,829
TOTAL ASSETS LESS CURRENT
LIABILITIES
34,829
CREDITORS
Amounts falling due after more than one year
16
-
NET ASSETS
34,829
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
8,591
8,591
-
8,591
8,591
-
8,591		 2025
Total
funds
£
50,271
34,310
84,581
(41,161)
43,420
43,420
-
43,420
34,829
8,591
43,420		 2024
Total
funds
£
43,424
79,840
123,264
(73,455)
49,809
49,809
(9,629)
40,180
13,166
27,014
40,180

The financial statements were approved by the Board of Trustees and authorised for issue on 15 June 2026 and were signed on its behalf by:

C Kozlowski - Trustee

The notes form part of these financial statements

Page 11

The Edinburgh Remakery Ltd

Cash Flow Statement for the Year Ended 31 December 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
(35,266)
(398)
(35,664)
384
384
(10,250)
(10,250)
(45,530)
79,840
34,310		 2024
£
44,227
(1,420)
42,807
532
532
(10,116)
(10,116)
33,223
46,617
79,840

The notes form part of these financial statements

Page 12

The Edinburgh Remakery Ltd

Notes to the Cash Flow Statement

for the Year Ended 31 December 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Interest received
Interest paid
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations		 2025
£
3,240
(384)
398
(6,847)
(31,673)
(35,266)		 2024
£
14,760
(532)
1,420
3,272
25,307
44,227

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 1.1.25
Cash flow
At 31.12.25
£
£
£
Cash at bank and in hand 79,840
(45,530)
34,310
79,840
(45,530)
34,310
Debt
Debts falling due within 1 year (10,255)
621
(9,634)
Debts falling due after 1 year (9,629)
9,629
-
(19,884)
10,250
(9,634)
Total 59,956
(35,280)
24,676

The notes form part of these financial statements

Page 13

The Edinburgh Remakery Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1. STATUTORY INFORMATION

The Edinburgh Remakery Ltd is an incorporated charity which is limited by guarantee and is registered in Scotland. The charity's registered number and registered office can be found in the Reference and Administration Details section of the Report of the Trustees.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income to cover provision of services is recognised when the service has been delivered.

Where income has related expenditure, the income and related expenditure are reported gross in the Statement of Financial Activities.

Income received as a grant relating to the following year are deferred until the criteria for income recognition are met.

Interest on deposit funds held is included when receivable and the amount can be measured reliably by the charity which is normally upon notification of the interest paid or payable by the bank.

Expenditure and irrecoverable vat

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

continued...

Page 14

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. The pension fund assets are held separately from those of the charity in an independently administered fund.

Donated goods and stock

Donated goods, which are generally for use as components in recycled products for resale, are not recognised as income at the point of receipt, as it is considered impractical to determine a fair value for these when their future use is uncertain. In effect, the donation is recognised within the sales income from recycled products. For similar reasons, a stock value is not recognised.

Going concern

The financial statements have been prepared on a going concern basis. The directors have assessed the charitable company's ability to continue as a going concern and have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing these financial statements.

Financial Instruments

The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently at their settlement value.

Volunteers

The value of the services provided by volunteers is not incorporated into these financial statements.

Further details of their contribution is provided in note 12 to these financial statements and in the trustees’ report.

3. DONATIONS AND LEGACIES

Donations
Grants		 2025
£
15,358
129,913
145,271		 2024
£
19,515
189,828
209,343

continued...

Page 15

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

3. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |City of Edinburgh Council|10,440|10,445| |Baillie Gifford 3 Year Grant|40,000|40,000| |-| |Baillie Gifford Charity of the Year|8,000| |CAE Technologies|2,708|1,800| |EERI|6,000|-| |-| |Crowdfunder Campaign|10,277| |Scottish Government|16,000|18,077| |City of Edinburgh Council (Leith Chooses)|4,900|9,950| |Tech Donation Boxes|-|6,250| |East Lothian Council|-|10,772| |-| |RBS - Regenerate Tech Exchange|3,000| |Tilbury on Thames| |-| |6,400| |Foundation Scotland|2,100|40,000| |-| |Benefact Group|5,000| |Black Rock|-|7,357| |-| |eBay Awards|10,000| |Red Rock Renewables|10,000|2,500| |-| |Edinburgh900|5,000| |-| |Edinburgh Library Services|24,200| |Pfizer Limited|2,500|-| |St James' Place Charitable Foundation|2,500|-| |3M Direct|3,565|-| |129,913|189,828| |OTHER TRADING ACTIVITIES| |2025|2024| |£|£| |Rental income|15,000|22,083|

----- End of picture text -----

4. OTHER TRADING ACTIVITIES

The charity has a licence agreement for 125/127 Leith Walk, which can be terminated by the licensee on 2nd February 2026, payments have been received for up to 31st March 2026. Therefore, operating lease income due within one year is £3,750.

5. INVESTMENT INCOME

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Bank Interest|384|532|

----- End of picture text -----

continued...

Page 16

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

6. INCOME FROM CHARITABLE ACTIVITIES

Sales of
recycled
products
£
Internal workshops - remakery
-
Other workshop & course fees
-
Sales of IT products
523,711
Sales of other products
1,332
525,043
7.
CHARITABLE ACTIVITIES COSTS
Remakery development & running costs
Admin & overheads
8.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Sundries
IT costs
Furniture & workshop costs
Project direct costs
Special project materials
Gifting costs
Professional fees
eBay fees
9.
SUPPORT COSTS
Staff
costs
£
Other resources expended
-
Admin & overheads
137,488
137,488		 2025
Workshop
& course
Total
fees
activities
£
£
3,280
3,280
14,718
14,718
-
523,711
-
1,332
17,998
543,041
Direct
Support
Costs (see
costs (see
note 8)
note 9)
£
£
321,501
-
67,110
298,776
388,611
298,776
2025
£
274,312
-
35,224
10,998
725
-
242
-
67,110
388,611
Overheads
& admin
Governance
costs
costs
£
£
-
13,069
158,336
2,952
158,336
16,021		 2024
Total
activities
£
6,937
11,779
384,719
1,947
405,382
Totals
£
321,501
365,886
687,387
2024
£
258,435
72
34,940
11,143
1,217
11
610
2,081
-
308,509
Totals
£
13,069
298,776
311,845

continued...

Page 17

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

9. SUPPORT COSTS - continued

Support costs all relate to charitable activities, and costs have been allocated to funds based on an estimate of the proportion attributable to each fund..

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Auditors' remuneration for non audit work
Hire of plant and machinery
Other operating leases
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Trustees' social security
Trustees' pension contributions to money purchase schemes		 2025
£
5,056
1,966
9,369
61,008
2025
£
46,100
4,392
1,196
51,688		 2024
£
4,770
1,950
8,611
61,831
2024
£
43,605
4,762
1,121
49,488

11. TRUSTEES' REMUNERATION AND BENEFITS

Elaine Brown, Chief Executive Officer, was also a Trustee of the charity as authorised by the charity's articles of association. She also accrues pension benefits, as disclosed above, in line with other staff members. She resigned as trustee on 29th October 2025.

Trustees' expenses

Travel and Subsistence, and other small expenses incurred of £1,414 (2024; £1,685) were reimbursed to one trustee during the year.

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Charitable activities
Support staff		 2025
£
374,952
30,089
6,759
411,800
2025
11
4
15		 2024
£
345,866
25,182
6,534
377,582
2024
10
4
14

No employees received emoluments in excess of £60,000.

Staff are supported by volunteers who provide an invaluable service.

continued...

Page 18

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
70,311
Charitable activities
Sales of recycled products
386,666
Workshop & course fees
18,716
Other trading activities
22,083
Investment income
532
Total
498,308
EXPENDITURE ON
Charitable activities
Remakery development & running costs
233,617
Admin & overheads
244,230
Other
12,424
Total
490,271
NET INCOME
8,037
RECONCILIATION OF FUNDS
Total funds brought forward
5,129
TOTAL FUNDS CARRIED FORWARD
13,166
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
VAT
Accrued income
Prepayments		 Restricted
funds
£
139,032
-
-
-
-
139,032
74,892
54,462
2,955
132,309
6,723
20,291
27,014
2025
£
5,032
18,811
870
25,558
50,271		 Total
funds
£
209,343
386,666
18,716
22,083
532
637,340
308,509
298,692
15,379
622,580
14,760
25,420
40,180
2024
£
4,974
7,620
4,617
26,213
43,424

continued...

Page 19

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Bank loans and overdrafts (see note 17)|9,634|10,255| |Trade creditors|14,497|23,032| |Social security and other taxes|4,976|7,331| |Pensions|-|1,145| |Accruals and deferred income|12,054|31,692| |41,161|73,455|

----- End of picture text -----

Deferred income represents advance funds received for services which Edinburgh Remakery Ltd had not delivered by the year end.

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Deferred income brought forward|22,250|11,000| |Charitable Activity Income released during year|(22,250)|(11,000)| |Charitable Activity Income deferred at year end|3,750|22,250| |Deferred income carried forward|3,750|22,250|

----- End of picture text -----

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

----- Start of picture text -----
||| |---|---| |2025|2024| |£|£| |-| |Bank loans (see note 17)|9,629|

----- End of picture text -----

17. LOANS

An analysis of the maturity of loans is given below:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Amounts falling due within one year on demand:| |Bounce back loan|9,634|10,255| |Amounts falling between one and two years:| |Bounce back loan|-|9,629|

----- End of picture text -----

The charity has a bounce back loan which has an interest rate of 2.5%, and will be repaid by installments over the next year.

18. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Within one year|12,500|37,500| |-| |Between one and five years|12,500| |12,500|50,000|

----- End of picture text -----

continued...

Page 20

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
City of Edinburgh Council (Leith Chooses)
EVOC Community Club Continuation
24-25
Foundation Scotland
Leith Community Fund
CAE For Retro Tech Fundraiser
Edinburgh 900
EVOC CMHW Community Clubs 2025
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
CAE Technologies
EERI Funding
City of Edinburgh Council (Leith Chooses)
City of Edinburgh Council
EVOC Community Club Continuation
24-25
Foundation Scotland
Leith Community Fund
CAE For Retro Tech Fundraiser
Red Rock Renewables
Crowd Funder 2024
Edinburgh 900
EVOC CMHW Community Clubs 2025
SLIC - Tech Donation Boxes for Libraries
Pfizer
Foundation Scotland
Policy Services - Tech Gifting for Young
People
TOTAL FUNDS		 At 1.1.25
£
13,166
3,960
8,123
9,850
5,000
81
-
-
27,014
40,180
Incoming
resources
£
616,868
2,708
6,000
4,900
10,440
-
-
-
360
10,000
120
5,000
16,000
24,200
2,500
2,100
2,500
86,828
703,696		 Net
movement
At
in funds
31.12.25
£
£
21,663
34,829
(60)
3,900
(8,123)
-
(9,850)
-
(5,000)
-
360
441
250
250
4,000
4,000
(18,423)
8,591
3,240
43,420
Resources
Movement
expended
in funds
£
£
(595,205)
21,663
(2,708)
-
(6,000)
-
(4,960)
(60)
(10,440)
-
(8,123)
(8,123)
(9,850)
(9,850)
(5,000)
(5,000)
-
360
(10,000)
-
(120)
-
(4,750)
250
(12,000)
4,000
(24,200)
-
(2,500)
-
(2,100)
-
(2,500)
-
(105,251)
(18,423)
(700,456)
3,240

continued...

Page 21

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.1.24 in funds 31.12.24
£ £ £
Unrestricted funds
General fund 5,129 8,037 13,166
Restricted funds
Crowdfunder - Gifting 2,399 (2,399) -
City of Edinburgh Council (Leith Chooses) - 3,960 3,960
Scottish Government 11,682 (11,682) -
Tech Donation Boxes for Schools -
Edinburgh Comm Climate Fund 6,210 (6,210) -
EVOC Community Club Continuation
24-25 - 8,123 8,123
Foundation Scotland - 9,850 9,850
Leith Community Fund - 5,000 5,000
CAE For Retro Tech Fundraiser - 81 81
20,291 6,723 27,014
TOTAL FUNDS 25,420 14,760 40,180

continued...

Page 22

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Crowdfunder - Gifting
CAE Technologies
City of Edinburgh Council (Leith Chooses)
Scottish Government
East Lothian Council
Bailie Gifford
RBS - Tech Exchange
Tech Donation Boxes for Schools -
Edinburgh Comm Climate Fund
City of Edinburgh Council
EVOC Community Club Continuation
24-25
Foundation Scotland
Leith Community Fund
Movement for Good
CAE For Retro Tech Fundraiser
Black Rock
Tilbury on Thames
Red Rock Renewables
Crowd Funder 2024
TOTAL FUNDS		 Incoming
resources
£
498,308
48
1,300
4,950
-
10,772
8,000
3,000
6,250
10,445
18,076
40,000
5,000
5,000
500
7,357
6,400
2,500
9,434
139,032
637,340		 Resources
Movement
expended
in funds
£
£
(490,271)
8,037
(2,447)
(2,399)
(1,300)
-
(990)
3,960
(11,682)
(11,682)
(10,772)
-
(8,000)
-
(3,000)
-
(12,460)
(6,210)
(10,445)
-
(9,953)
8,123
(30,150)
9,850
-
5,000
(5,000)
-
(419)
81
(7,357)
-
(6,400)
-
(2,500)
-
(9,434)
-
(132,309)
6,723
(622,580)
14,760

continued...

Page 23

The Edinburgh Remakery Ltd

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

19. MOVEMENT IN FUNDS - continued

Name of Fund Description of Fund Crowdfunder - Gifting Gifting of IT CAE Technologies Gifting of IT EERI Funding Partially funded one IT Staff member Leith Chooses Running of Community Clubs Scottish Government Running of Community Clubs East Lothian Council Funding of one of the IT Staff Tech Donation Boxes for Schools - Edinburgh Comm Assist and purchase of Tech boxes specifically for Climate Fund schools Funding to cover the salary for CPO and UK Visa Bailie Gifford Application Funding for Community Organisations to exchange RBS - Tech Exchange old tech for refurbished To provide Community Clubs in 2024 & 2025 - staff EVOC Community Club Continuation 24-25 and WH Tutors, plus refreshments To provide funds for Capacity Building and Tech Foundation Scotland donation Boxes for Schools year 2 Leith Community Fund Applied for and awarded for Tech gifting Donation from Climate Environment Fund Vote for Movement for Good Repair Cafés and associated overheads CAE For Retro Tech Fundraiser Sponsorship from CAE for Gala Event Cost Black Rock Funding to gift laptops and devices to those in need. Tilbury on Thames Funds donated for devices for Fijian Veterans Red Rock 50% to Crowd Funder 50% to Direct Gifting The Welcoming, Rowan Alba, Bridge End Red Rock Renewables Farm House Money raised from Crowd Funder donations of Crowd Funder 2024 laptops to Mission Christmas for Teenagers Delivery of 8 activity-based workshops celebrating Edinburgh 900 900 years of Edinburgh through art and stories. Delivery of up to 40 Community Clubs between 1st EVOC CMHW Community Clubs 2025 April 2025 and 31st March 2026.

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2025 other than those disclosed in Note 11.

21. NON-DOMESTIC RATES RELIEF

During the year, the charity benefited from charitable rates relief on its premises in accordance with local council guidelines.

This resulted in total savings of £10,807 (2024, £10,762) in business rates.

The Trustees are grateful to the local council for this support, which enables more funds to be directed to charitable activities.

Page 24