CHARITY NUMBER: SC043597 THE FRASER CENTRE COMMUNITY TRUST REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2025
TIIF- FIIASF.R CF.NTRF. COMMVNITY TRUST ANNUAL REPORT AND ACCOUNTS YTr:AR F.NI)F.I) 31 MARCH 2025 CONTENTS LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES, REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FtNANCIAL ACTIVITIES BALANCE SHEET 8- 13. STATEMENT OF ACCOUNTING POLICIES & NOTES TO THE ACCOUNTS
THE FRASF.R CF.NTRE COMMUNITY TRUST ANNUAL IIEPORT YEAR EDED 31 MARCH 2025 Page I REFERENCE AND ADVIINISTRATIVE INFORMATION Registered Charity Number: SC043597 Board of Trustees . Registered Office: The Fraser Centre 3a Winton Place, Trancnt EH33 IAF Senior staff member: Advisors: Bankers: TSB, Musselburgh, Easi Loihian Independent examiner: 4..1 I li,'Ii Sir¥LL. Bonn)'rigg EH192AA
TIIF. FIIASF.R CF.NTRE COMMUNITY TRUST 111.'I'()III' ()Tr" TIIE TRLISTEES YF'AII L'DED 31 IMARCH 2025 Page 2 I h¢ Iru51ces present iheir annual report and the financial staiements for ihe year ¢nded 31 March 2025. Compliance with existing law 'IhL' accounls comply wilh the requirements of the Chan'ties Accounts (Scotland) Regulations 2006 (&$ amLndcd) and arc in accordance with the constitulio Conslitution The charity commenced activities in November 201 l as an unincorporaied association and was regisiered as a Scollish Charilable Association (S.C.l.O.) on 27 November 2012. The charity Is governed by a Constitution which was updated on 4 July 2017. Management struclure The managemenl of the charity is under Ihe control of the tnislees, who organised the establishmenl of the charily. Chief Executive Officer. David Orr, is responsible for the running of the charity and ils future development, under the direction of the Irustees. Chgrity status The charity ffts recognised by H M Revenue & Customs in Scotland and by O.S.C.R. as having charitable Slatus. Its charity number is SC043597 Purposes The main purposes of the charity are the advancement of education, the advancement of citizenship or communily development, the advancemenl of the arts. heritage, culture or science. Ihe provision of recreational facililies with the object of improving the condilions of Ilfe for the local community. Objects The charity's objects are lo promote the Fraser Centre building in TTanent as a quality venue accessible to the whole community wilhout distinction of seK or political, religio or other opinions, by associating the local aulhorilies, voluntary organisations and inhabitanls in a common effort to provide facilities in the interests of social welfare for recreation or other leisure lime occupation. Progress report The Fraser Centre provides a leaming, development, arts and entertainment centre at the heart of the community. This financial year we have we have welcomed 49,323 visitors into the building through 2142 events and activities. Our regular lets this year also rose from 34 groups weekly to a regular 40+ weekly. These figures are significantly higher Ihan last years numbers and is leslament to the increased popularity of the venue and ils need in the community. We have continued to link up with our community partners such as Fareshare for ihe community pantry, East Lothian Foodbank who have ulilised our spaces for meeting and iheir AGM through the year, VCEL who h<ive held their annual volunteer awards at the venue and have helped us recruit volunteers for our own activities, Area Partnership have funded and supported u5 through the year, Pennypit Development Trust have given us nulrittonal advice for our very successful cookery classes for parents which were run over 4 blocks spaced throughout the year.
I'IITr: Tr-IIA.SF.11 Cfr:%TRF. Cn.%l,MU.%ITY TRLST IiTr'i'()Ii'i' i)b 'riiF. "fRLSTEF.¢i (continued) YTr:AII Tr'liDTr:D 31 MARCH 2025 Page 3 ()IliLr gruups who have used us this year have been: NHS. Edinbwgh Childrens Hospi Charity (Tr I laven), l)ort Seton Resource cen¢, East Lothian Play AslatiOn. MYPAS. A12heimer Scoiland. Carers of East Lothian, Can Do. Baby Blwm. churclL Alpha D&rKe. Yoga classth Genile Exercise classes. Fleadway and Foreign Language cl&s%s. Our own monthly programmes include cinemi New Age Kurlin& Arts and Crafts sessions Jigsaw swaps and new evenls such &s Friendly Fridays, the Saturday sessions. Recruilrnent Fayre and The Wee Green Feslival were introduced Ihis year and have been a greal success. Our parnierships provide Dementia Friendly Café, Genile Exercise. Rooms are leased io provide spaces for groups with a focus on educatiorL exercise and menlal healih and wellbeing. Our cafe is now open TdaY to Saiurday offering a highly accessible space for groups and individuals to gather. Our original lon8-tem] rentsls are still with us and regularly request to hire additional spaces. The rental of the oiher rooms is continuing to grow wilh a wide variety of regular users. It is pleasing io know the venue is in demand and cusiomers relurn. The Fraser Centre's ability lo meet community need is evidenl in the wide range of activities and events Ihal have laken place throughoul the last year. Customer regularly give p)sitive feedback. Our income is generaled ihrough rental and cafe and cinema sales. Grant funding remains our primary source of income. We have had significant support from Investing in Communities Fund via the Scortish Government {213 years)" The Nalional Loitery Community Fund (213 Years) Additional funding h&s been received from the Mental Health & Wellbeing Fund: lowards our Community Pantry and Cookery Cl&sses and Fa'side Area Partnership Health & Wellbeing Group (warm space). East Loihian Council- One Council Find Utility Costs have increased due to the volalility in the market. Usage has been monitored throughout the year so accurate consumpiion has been recorded. We have a greai slaff and volunteer team who are committed to ensuring The Fraser Centre is an inclusive welcoming venue within the local Community. A huge thanks lo everyone who has worked incredibly hard throughoul the year and to all of our slaff. volunleers. cuslomers, partners and funders. Plan5 for the Future- 2025-2026 Grant fvnding we have been successful with: Invesling in Communities Fund via the Scollish Government (year313) The National Lottery Community Fund (year 313) East Lothian Council: One Council Fund (Ill) VCEL: Communities Mental Health and Wellbeing Fund Additional funding applications will be made throughoul the year.
TIIF. FILISF.R CF.%TRE COIIIII"% ITY TRL"ST RF-P()RT ()F TFIF. TRL(iTEES (CODtinued) I'F.AR F"NDF.D JI IIARCII 2025 ge4 Tru51tt5 rnel willi Ici anal) Iorne and e.%rmallUre 2j io sei a blge1 for ?O?j-?6. Prtce IncrcLs¢5 Here agreed xross a range of services. 1$ proi'iding a monihlj financial utAJale to il TTusiees ddailing income and Clnd11Ure and C1)pan50n io projecled annual costs. ComFtlitiie reneii'al 05ts are being soughi for lI]lIeS. irLsuranre and annual mainl¢nance conirdcts. Rcduclion of consumption of p)Mer and consumables where possible. To anal) se cinem&caf¢ Tentsl spaces i0¢ and expendiiure lo idcniif). arcas thai are running al profiLq055. To re-launch regular monthl), giving io increase donaied income. To continue io improve our markding slralegy and grow our cOrner base. Revie ol financial pojitioo The Siaicment of Financial Aciivilies Sho.5 Ihat ihere was a net surplu5 on unreslricied fvnds of £218 (20?4 - Surplus £17.248). After including Ihe balance broughl forward from last year the balance on unreslriaed fun& carried foNard 15 £25.681 (2024 - £25.463). Thcrc w&5 nel surplus on restricicd funds of£31.080 (2024 deficil- £3,578X after depreciaiion. leaving a balance of £2,454.204 10 k camed fonvard. The tolal fund5 under managcmcnt ai ihe end of Ihe year were £2.479.885 (2024- £2,448,587). Rc5f r¥'cs pollcy l-hL aciii'itiL's of Ihc charil). are principally funded on an annual basis by from funding agencies and eamed income based on annual budgcls by the TnLStees. The Trust aims lo tnainiain a r¢sen'¢ fund lo cover core expen5 for a 3-month period. Additional surplus funds achieved in the financial year are carricd over lo ihe following year. Risk management Thc Management Board has considered the Jnajor risks to which the charity is exposed and has esthblished sysiems to mitigate Ihose risks. Trusl¢es' responsibilities in relation to the accounts Charity law requires ilie trustees to prepare accounls for each financial year which give a true and fair view ol Ihe financial activities of ihe charity and of lis financial posilion ai the end of thai year. In preparing those accounts, the trustees are required io: scILYl suilable accounting policies and apply them consistently. observe Ihe meihods and principles of ihe Chariiies SORP; make judgmenls and eslimates thal are reasonable and prudent; prepare Ihe accounis on a going concern basis unless il is inappropriale to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disc105e with reasonable accurac> at any time ihe financial position of the charltv and enable them to ensure that the accounts: ,hich the). are responsible for preparing, compl) w'ith the Charilies and Trusiee Ini'estment (Scoiland) Act 2005 and the Lhariiies Accounts (Scoiland) Regulations 2006 (as amended). The applicable law also sets out Irustees responsibililies for safeguarding lh¢ assets of the charity and for taking reasonable steps for the prevention and deiection of fraud and other irregularities. Approval This report ivas approved by the board of direciors and irstee5 on on its behalf by fth- IÉC 2 025 and signed
Gener Page 5 IYDEPEIDEINT EM.MLNER'S REPORT ON THE ACCOUNI TS REPORT TO THE TRLISTEES OF THE FELISER CENTRE COMMUNITY TRUST (Registered charity number SC043597) On the accounts of the charity for the year ended 31 March 2025, set out on pages 6 to 13. Respective responsibilities of trustees 2nd examiner The charity's trustecs are responsible for ihe preparation of the accounts in accoTdance with the iemis of the Charities and Trusiee Investment (Scoiland) Act 2005 and the Charities Accounts (Scotland) Rcgulations 2006 (as amendcd). The charity truslees consider thai the audit requirement of Regulation l O( l ) (a) (o (c) of the Accounts Regulations does not apply. It is my responsibility to exarnine the accounts as required under section 44(1) (c) of the Act and io statc whclhcr particular maltcrs havc come to my attention. Basis of independent examiner's statement My examination is carried out in accordance with Regulation I l of the Charities Accounts (Scotland) Rcgulation 2006 (as arnended). An examination includes a review of the accounting records kept by the charity and a Comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and sccks cxplanalions from thc trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audil and. consequently. I do not express an audit opinioii on the accounts. Independent examiner's statement In the course of my examination, no matter has come to my attention, which gives me reasonable cause to believe that in any material respect the requiremenis: to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or to which, in my opinion. attenlion should be drdwn in order to enable a proper understanding of the accounts to bc rcachcd. Signed: Date: 19 December 2025 Boimyrigg EH192AA General
THE FRASER CEwfRE COMTrIUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES (inCOrrat1n£ Income & ElndIture AccouDI) YEAR ENDED 31 MARCH 2025 PxEt 6 L'Drtstricted Cunds 2025 Restritted funds 202£ Tot1 fuDds Total funds Year tndtd 2024 2025 Note Jntome: (iran15 and donatM)n5 Incomc from charitsble aciivitie5 Ini'estmcni tncome 106.560 201.838 1.375 36.896 143.456 201.838 1.375 133.076 164.399 Total in¢ome 309.773 36.896 346.669 297.844 Expenditure: Expcndilure on chariiable aciivAies 309,555 5,816 315,371 284,174 Total expenditu 309.555 5.816 315.371 284.174 Net movement in funds before trdnsfers 218 31.080 13.670 Trnllsfets . Gross trdnsfers beNeen fijtids Net movemellt in Cunds for the year 218 31.080 31.298 13,670 Reconcilition of Funds Total funds broughi forward 25,463 2,423,124 2.448,587 2,434,917 Total funds ¢anied fornard 25.681 2,454,204 2.479.885 2.448.587 The Siat¢mcnt of Financial A¢iivities includes all gary and bss¢s in the year and therefore a Siatement of RccogJ]ised Gains and Losscs has not been prepared. AU of the atrM)ve amounts relate to continuing a¢iiviti¢s.
THE FRASER CENTRE COMMUNITYTRUST BALANCE SHEET 31 MARCII 2025 Piee 7 Note 2025 2025 2024 TIgIble fjxed assets 2,330.007 2,313.431 CuTheMt ¥55¢ts . Dcbiors L&th bank & in hand 14.i79 142.901 10.369 131.443 Totxl ¢urnnt 4ss5¢ts 157,280 141,812 Liabblitits Crcdilors . Amounts fullin8 du¢ within onc y 7.402 6.056 Net cunTht (liabilities) l assets 149.878 135,156 Net 455ets 10 ?.479.885 2.448,587 Th¢ funds of the charity: U[L"s[riLled income funds Restriaed income fund5 25.681 2,454,204 25,463 2.423,124 Totsl ¢haritv futtds 2.479,885 2,448,587 Approi'ed by the Commillee on aftd sied on its Ethall" bi . Tr¢2SUter .'
THE FRASER CENTRE Co[UNITy TRUST OTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025 Page 8 I. GENERAL tNFORMATION The charity is a regIered charit). in Scotland and is incorporaied a5 a SCIO. The address of the principal office is The Fraser Centre, 3a Winlon Place. Trdnent EH33 IAF. 2. STATEMENT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102, "Th¢ Financial Reporting Standard applicable in the UK and the Republic of Ireland" the Statement of Recommended Praclice applicable lo charities preparing their accounts in accordance with ihe Financial Reponing Stsndard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charilies and Trustee Investment (Scotland) Act 2005 and ihe Charities Accounls (Scotland) Regulations 2006 (as amended). The charity rneels ihe definition of a public benefit entity under FRS 102. 3 ACCOUNTING POLICIES Basis of preparation The financial slatemenls have been prepared on the hIOrical b&sis. The financial stalements are prepared in sterlin& which is the functional currency of ihe entity. Going concern There are no material uncertainties Concerning the charity's ability to continue. Disclosure exemptions The eniity satisfies ihe ¢rileria of being a qualifying entity as deftned by FRS 102. As such, advantage has been thken of ihe following disclosure exemption available under paragraph 1.12 of TrRS 102- (a) Disclosures in respect of financial insirumenis have noi been presented. Judgments and key sources ofestimation uncertainty The preparation of the financial statements requires management to make judgments, estimates and assumptions thai affect the amounts reported. These estimates and judwents are continually reviewed and are b&%ed on experience and other factors, including expectations of future events Ihal are believed to be re&sonable in the circumstances. Fund accounting The charity h&$ both restrict¢d and unreslricted funds. Further details of each fund are disclosed in Note 11. Unrestricled general funds are funds which can b¢ used in accordance wilh the charitable objects ai ihe discretion of the trustees Reslricled funds are funds which can only be used for particular restricted purposes wiihin the objecls of the charity. RestrictiorLS arise when specifled by the donor or when funds are raised for particular restricted purposes. Income Grants and donations are accounted for when their receipt is probable. Grdnts received for capital expenditure are credited to a restricted fund against which the deprlatIOn of the relevant assets is charged. Resources expended Resources expended are included in ihe Statement of Financia] Activities on an accruals basis, when the liability has been legally inCued and the amount can be reliably Calculated. The charity registered for VA T on l November 2017.
THE FRASER CENTRE COMMUNITY TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 MIlRCH 2025 Pagt 9 3 ACCOUNTING POLICIES (conlinued) Charitable expenditure Charitable expenditur¢ comprises those costs incurred by the charity in the delivery of its activities and services to its beneficiaries. 11 include5 both costs which can bc allocaicd direcily to such activities and ihose costs of an indirect nature necessary to 5UPPOrt them . Fixed assets Expenditure on fixed asset5 15 included in the Balance Sheet at cost. Depreciation is ¢harged at a rate of 20 % of the c05t oncc the assets are broughi into use. Funds Funds held by Ihe charily are either: Unrestricted general funds - these are funds which can be used in accordance wilh the charitable objects at the discretion of the trustees Restricted funds - these are funds which can only be used for particular restricted purposes within Ihe objecls of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes.
THE FRASER CE COiIIMUNrrY TRU OTLS TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025 P1¢ 10 4 tNCOME Year ended 2024 20 unstriCted runds 2025 Restricted funds 202 Totsl funds Totjl funds Grants nd doo•lion$: Easi Lothian Counc iA)itrry' Main Grant Scottith Governmeni Fth)hub S¢oiland Voluner Centrc Ea Lothian CO-OP CAroundwork UK DonaiK)ns Sprtr)gfKkl - musK ¢v¢nts & cquipmcnl LIL Projects 8.826 40.OCK) 46,068 1.900 3.983 1.464 1.125 2.194 16.896 20.000 25.722 22.65J 50.( 48.192 46,068 1.9(Ki 3.983 1.464 1.125 2.194 6,613 2.480 1.363 .000 775 133.076 106,560 36,896 143.456 In¢ome Crom ¢h4ritbl¢ ¢liviti Caiering saks .vcnl saks Rcni re¢eiv¢d 108.556 28,106 65,028 108.556 28.106 65.028 89.239 16,196 58.964 Sundry incomc 148 201.838 148 201.838 InvesthKnl iiicome Bank inlirrsl 375 .373 369 TOTAL INCOME 309 773 Prevlous yer 10th15 287.663 10.181 297.844
THE F714SER CEKfRE COMMUNfry TRusr NOTES TO THE Accouwrs YEAR ENDED 31 MARCH 2025 P*¥ell 5 EXPENDITURE ON CHARJTABLE AcfiviTIES 2025 Unrt5tricted IndS Period ended 2024 2025 Restrided fuLd5 2025 TotAI funds Tot•1 fund$ Gross salar% penSn & Nl Siaff iraining Adv¢rtiSfA8 Ckantng Cinema costs Gcn¢ral expenx5 Food purchases Hcat & Insurance IT SUprt Legal & prof¢ssi)nai charF5 Postsge. priniing & AatN)nery Repatr5 & mainienanL% Rent T¢kphon¢ Tools & Equipmeni Waier rates l)cprccialk)n Bank & card charges A¢counian¢y (¢c Independent examinatKsn 164.981 i.iio 246 IfA.981 138.721 246 1.160 26.155 9.103 34.636 23.583 4.003 3.285 1.238 2.043 22.400 8.028 28.820 25.274 3.935 2.579 26.155 9.103 34.636 23.583 4.003 3.285 918 15.577 918 15.577 1.350 21,675 1,624 ,624 1.686 650 5.040 17.255 1.240 1.340 900 284.174 5.471 14.303 .550 850 5.471 20.119 1.550 850 1.000 315.371 5,816 309.555 5.816 Prnviou5 ye#r lot#ls 270.415 13.759 284.174 6 STAFF COSTS 2025 2024 Salary eosLS . Gross SalarS- wrc stsff Empk)yels n&K)nal urance Costs EmpitsymLni albwance Emph)yeVs ns)n coS 157.693 9,555 (5,0001 2.733 164,981 134,125 7.447 {5.0001 2.149 138.721 Averagr nutnbcr of cmpk))tts 17 13 No cmpk)ye¢ received remuneraTK)A in exLYss of £60,IXK> li the No trusiee received remunerai¥)n or 1mbr5¢m¢nI of C5¢$ during the rM)d. Thc ioiai b¢n¢fits of key managemeni Pennel for the year was £39.17612024- £35.483).
THE FRLSER CEhTRE coluy TRusr liOTES TO THE ACCOL%TS YEAR E%DED 31 MARCH 2025 Pate 12 7 TANGIBLE FIXED ASSETS iAtsd & buildinp Furnitsrt & Equipmeni Toi*l COST Brou[ forward Lwndriurc in )ear Carrrd fon4ard 2.279.658 83.178 36.695 119.873 2.36? 836 36.695 2.399.531 2.279.658 DF.PRF.CIATION Brouthi fornard Chargc for year Card foNard 49.405 20.119 69.524 49.405 20.119 69.5?4 NET BOOK VALIJES end of y¢ar 2.279.658 50.349 2.330.007 At s(art ofyear 2.279.658 33.773 2.313.431 8 DEBI'ORS 2025 2024 Trade debtors Sundry debtors & prepayments 13.098 1.281 14.379 9.120 1.249 10.369 9 CREDITORS.. AMOUNTS FALLING DUE WITHfN ONE YEAR AccrnaLs VAT payabk Sundry creditors 185 4,284 2.187 6.656 5.772 1.630 7.402 10 ANALYSIS OF NET PSSETS BETWEEN FUNDS 202 Unre51ricted funds 202 2025 2024 Restricted funds Total Funds Total Funds Tanbte fLxed assets Current Assc Curreni Liabi]iiies 2.330.007 124,197 2.330.007 157.280 17.4021 2.313,431 141,812 16.656) 33.083 17.4021 25.681 2 454.204 2.479.883 2.448.587
THE FRASER CEiYfRE COMMUNTfY TRUST NOTES TO THE ACCOUNTS AR ENDED 31 MARCH 2025 Pagt 13 I I MOVEMENTS ON FUNDS Balance At 31 mAh 2024 B*linee Al 31 M•r¢h 2025 Income Expenditure Gcncral 25.463 25.463 309.555 309.555 25.681 25.681 309.773 Rcslrict Buikling Fund Cincma ¢quipmeni fund SaL7r's Conlributw)n Equipmenl Tolal r¢strnied funds 2.408.285 14.839 2.408.285 45.919 36.896 5.816 2.423.124 36.896 5.816 2.454.204 Tothls al year end 2.448.587 346.669 315.371 2.479.885 URPOSE OF BuiSJin8 Fund This fund ts for the Budding Proj¢ci for whKh ants have b¢¢n r¢¢eived from Vari) thnors Cinema equjpmenl fund This fund is for cinema equipmeni for whh anls have been received from Va5 dorM)TS. Salary ¢ontrfi)ut>)n This fund i4 lo subsMIis¢ sala Equipmcni fiu This fimd is for thc uivesmicni in equipmeni for the Centre 12 SECURITY Ther¢ is 8 bundard s¢¢urity over the prop¢rry in favour of Thc Bi8 Loiiery and £& Lothith Coun¢iL 13 RELATED PARTY TRANSACTIONS TheK. havc no reknied party transactK)ns li the yeAr M'hich rcquire dtsckjsure {2024 - None).