**Charity number: SC044195**
## **Above Adventure**
**Trustees' report and financial statements**
**for the year ended 31 August 2024**
## **Above Adventure**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees' report|**2 - 4**|
|Independent examiners' report|**5**|
|Statement of financial activities|**6**|
|Balance sheet|**7**|
|Notes to the financial statements|**8 - 16**|
## **Above Adventure**
## **Legal and administrative information**
## **Charity number**
SC044195
## **Registered office**
## **Trustees**
## **Accountants**
KFMCO Limited Chartered Certified Accountants 52 Main Street Ayr KA8 8EF
**Page 1**
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## **Above Adventure**
## **Report of the trustees (incorporating the directors' report) for the year ended 31 August 2024**
The trustees present their report together with the financial statements of the charity for the year ending 31 August 2024.
The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and 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 (FRS102).
## **Structure, governance and management**
## _Recruitment and appointment of Trustees_
The Charity is based in Kilmarnock, East Ayrshire with Trustees drawn from the local community, and who are appointed by the Board at the Annual General Meeting.
## **Objectives and activities**
## _Charitable purposes_
The organisation's purposes are to prevent or reduce homelessness and to accompany those with addictions throughout their journey to recovery by the provision of goods and services for those homeless; at risk of homelessness; those experiencing poverty or addiction or otherwise marginalised within the East Ayrshire local authority area.
Specifically this is by means of a thrice weekly one stop drop-in providing access to professional services for anyone in need, an innovative Recovery Hub assisting hard to reach people with addictions through their recovery journey. The Friendly Fresh Start project which provides household packs to families entering a tenancy, and hygiene packs and food parcels to every individual or family who presents as homeless.
Throughout the year, Above Adventure has continued to achieve its charitable objectives, focusing on the provision of accessible and inclusive climbing opportunities, supporting community engagement, and promoting physical activity. The year was notable for the completion of significant projects, the successful delivery of outreach and engagement programmes, and the hosting of major events.
The charity meets the definition of a public benefit entity under FRS102.
## **Achievements and performance**
## _Completion of Capital Project_
During the reporting period, Above Adventure successfully completed Phase 2 of its Indoor Climbing Centre development. This marked the conclusion of the organisation's capital project, significantly expanding the facilities available to the community and enhancing the range and quality of services offered.
## _Facilitation of Instructor-led Groups_
Above Adventure has continued to provide instructor-led climbing sessions for disadvantaged individuals, schools, charities, and other community organisations. These activities aim to promote social inclusion, improve confidence and resilience, and support the physical and mental wellbeing of participants. The charity has maintained strong partnerships with local agencies and educational institutions to extend its reach to those most in need.
## _Mobile Climbing Tower Hires_
Over the course of the year, over 25 mobile climbing tower events were delivered across Ayrshire, engaging over 3,500 participants. These initiatives have contributed to raising awareness of the charity's services and promoting physical activity within local communities.
## _Funded Outreach Activities_
Funded outreach activities were delivered throughout the year, including introductory climbing sessions, and tailored programmes for at-risk and marginalised groups. External funding has enabled Above Adventure to broaden access to its services, providing positive developmental opportunities to individuals who may otherwise face barriers to participation.
**Page 2**
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## **Above Adventure**
## **Report of the trustees (incorporating the directors' report) for the year ended 31 August 2024**
## _Hosting of Youth Climbing Series (YCS) Competition_
For the second consecutive year, Above Adventure hosted Round 4 of Climb Scotland's Youth Climbing Series (YCS) competition, welcoming young climbers from across the country. Hosting this national event further establishes the organisation's profile within the climbing community and demonstrates the high standard of its facilities.
## _Elite Athlete Training_
The centre has also hosted the British speed climbing record holder and Olympic hopeful, who utilised Above Adventure's speed wall facilities as part of their training. This association reflects the quality and suitability of the centre's infrastructure for high-performance athletes and serves to inspire the broader climbing community
## **Financial review**
The Trustees confirm that the financial affairs of the charity have been managed in accordance with the requirements of the Charities Accounts (Scotland) Regulations 2006. The charity's reserves position remains stable, providing a solid foundation for future activity and planned development.
Efforts continue to be made to diversify funding streams, including through membership growth, grant funding, event income, and service delivery. Cost control measures remain in place to ensure the financial sustainability of the organisation.
## _Risk Management_
The Trustees continually assess the major risks to which the charity is exposed, particularly those related to the operations and finances of the organisation. Systems and procedures have been established to mitigate those risks, including regular financial reporting, health and safety compliance reviews, and safeguarding practices.
## _Reserves Policy_
The Trustees have adopted a reserves policy which ensures that there are sufficient unrestricted funds to meet ongoing operational commitments and to provide financial stability in the event of unforeseen circumstances. The target level of reserves is reviewed annually in line with financial projections and operational needs.
The trustees recognise that general funds were in deficit at the year end, albeit having reduced due to the operation of the bouldering and climbing centre and the intent is that unrestriced funds will improve in due course.
## **Plans for future periods**
The Trustees have identified the following priorities for the coming year:
- Membership Growth: Implement targeted marketing initiatives and introduce incentives to expand the charity's membership base.
- Outreach Expansion: Increase the provision of instructor-led outreach sessions to disadvantaged groups, working in collaboration with partner agencies.
- Mobile Climbing Tower Programme: Continue and expand the delivery of mobile climbing events to engage wider audiences.
- Volunteer Development: Grow and support the volunteer base through recruitment and structured training opportunities.
- Staff Training: Invest in the continuous professional development of staff, ensuring high standards of service delivery and safety.
- Youth Work Experience Programmes: Provide structured work experience placements for young people to support skills development and employability.
The Trustees remain committed to the strategic development of Above Adventure and to maintaining its role as an accessible, inclusive, and high-quality climbing facility serving the needs of the local and wider community.
**Page 3**
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## **Above Adventure**
## **Report of the trustees (incorporating the directors' report) for the year ended 31 August 2024**
## **Statement of trustees' responsibilities**
The trustees 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). The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotland) Act 2005, Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution, 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 and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and
- explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. 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.
The trustees recommend that KFMCO Limited remain in office until further notice.
On behalf of the board
## **Trustee**
30 May 2025
**Page 4**
## **Above Adventure**
## **Independent examiner's report to the trustees on the unaudited financial statements of Above Adventure.**
I report on the financial statements of Above Adventure for the year ended 31 August 2024 which comprise the statement of financial activities, the balance sheet and the related notes.
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the accounting policies set out therein.
## **Respective responsibilities of trustees and independent examiner**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations (2006). They consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with Regulation 11 of the Charity Accounts (Scotland) Regulations (2006). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Regulations
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**KFMCO Limited Chartered Certified Accountants 52 Main Street Ayr KA8 8EF** 30 May 2025
**Page 5**
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## **Above Adventure**
## **Statement of financial activities (incorporating the income and expenditure account)**
## **For the year ended 31 August 2024**
|||**Unrestricted**|**Unrestricted**|**Restricted**|**2024**|**2024**|**2023**||
|---|---|---|---|---|---|---|---|---|
|||**funds**||**funds**|**Total**||**Total**||
||**Notes**|**£**||**£**|**£**||**£**||
|**Incoming resources**|||||||||
|Incoming resources from generating funds:|||||||||
|Voluntary income|2|56,813||-|56,813||831,520||
|Activities for generating funds|3|229,633||-|229,633||90,647||
|Investment income|4|3,282||-|3,282||260||
|**Total incoming resources**||289,728||-|289,728||922,427||
|**Resources expended**|||||||||
|Charitable activities|5|400,234||247,650|647,884||1,024,862||
|Governance costs|7|1,850||-|1,850||9,000||
|Other resources expended|8|-||-|-||(5,677|)|
|**Total resources expended**||402,084||247,650|649,734||1,028,185||
|**Net incoming/(outgoing) resources**|||||||||
|**before transfers**||(112,356|)|)
(247,650|(360,006|)|(105,758|)|
|Transfer between funds||348,611||)
(348,611|-||-||
|**Net income/expenditure for the year**||236,255||)
(596,261|(360,006|)|(105,758|)|
|Total funds brought forward||(120,691|)|1,311,216|1,190,525||1,296,283||
|**Total funds carried forward**||115,564||714,955|830,519||1,190,525||
**The notes on pages 8 to 16 form an integral part of these financial statements.**
**Page 6**
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## **Above Adventure**
## **Balance sheet as at 31 August 2024**
|**Notes**
**Fixed assets**
Tangible assets
15
**Current assets**
Stocks
Debtors
16
Cash at bank and on hand
**Creditors: amounts falling**
**due within one year**
17
**Net current (liabilities)/assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
18
**Net assets**
**Funds**
19
Restricted income funds
Unrestricted income funds
**Total funds**|**2024**
**£**
**£**
1,125,784
12,036
31,763
129,468
173,267
)
(220,701
)
(47,434
1,078,350
)
(247,831
830,519
714,955
115,564
830,519|**2023**
**£**
**£**
1,232,728
14,956
37,735
272,899
325,590
)
(94,048
231,542
1,464,270
)
(273,745
1,190,525
1,311,215
)
(120,690
1,190,525|
|---|---|---|
The financial statements were approved by the Board on 30 May 2025 and signed on its behalf by
**Trustee**
**The notes on pages 8 to 16 form an integral part of these financial statements.**
**Page 7**
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## **Above Adventure**
## **Notes to financial statements for the year ended 31 August 2024**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout this and the preceding year.
## **1.1. Basis of accounting**
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) the Charities and Trustee Investment (Scotland) Act 2005 and the Scottish Charitable Incorporarted Organisations Regulations 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **1.2. Fund accounting policy**
Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the Trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the Trustees' discretion to apply the funds.
## **1.3. Incoming resources policy**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations and legacies consists of donations, grants and legacies. Donations are recognised when the charity is entitled to the income, receipt of the income is probable and the amount can be measured reliably. Income from grants, not subject to performance related conditions, is recognised when the charity has entitlement to the funds, it is probable that the income will be received, the amount can be measured reliability and it is not deferred.
Income from government grants is recognised when received as the accrual model is not permitted by the Statement of Recommended Practice. Legacy income is recognised when it is probable that it will be received.
Charitable activities income is received from the sale of goods and services offered as part of the charitable activities of the charity. Income from performance related grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliability.
Other trading activities consists of income received from Climbing centre, fundraising and hire of the mobile climbing tower. Income is recognised when it is probable that it will be received.
Investment income consists of bank interest received. Investment income is included when receipt is probable, and the amount can be measured reliably.
**Page 8**
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## **Above Adventure**
## **Notes to financial statements for the year ended 31 August 2024**
## **1.4. Resources expended policy**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure has been classified under the headings that aggregate all costs 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 the resources.
Expenditure is recognised on an accrual basis when a legal liability is incurred, payment of the liability is probable and the amount can be measured reliably. Expenditure to which it relates shall exclude recoverable VAT.
Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading.
Governance costs are those costs incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## **1.5. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - 2% on cost Computer equipment - 20% on cost Furniture and equipment - 33% on cost Motor vehicles - 25% on reducing balance Computer equipment - 33% on cost
## **1.6. Stock**
Stock is valued at the lower of cost and net realisable value.
## **1.7. Defined contribution pension schemes**
The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.
## **1.8. Charitable activities**
Charitable activities comprise all resources expended undertaking work to meet the charity's charitable objectives. Such costs include the direct costs of charitable activities approved by the charity and all support costs relating to these activities. Governance costs include direct resources expended in the general running of the charity and are primarily associated with constitutional and statutory requirements. These costs are allocated entirely to charitable activities.
## **1.9. Allocation and apportionment of costs**
Support costs are allocated wholly to charitable activities. Whilst the Trustees recognise that a small part of some items of expenditure included in support costs do relate to indirect governance costs, they are of the opinion that the time and costs involved in performing such an analysis outweigh the potential benefits arising from any such work.
**Page 9**
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## **Above Adventure**
## **Notes to financial statements for the year ended 31 August 2024**
|**2.**
**Voluntary income**
**Unrestricted**
**funds**
**£**
Donations
2,780
Grants - legacies
54,033
Grants - charitable activities
-
56,813
Legacy grants received, included in the above, are as follows:
Other small grants
BBC Children in Need
East Ayrshire Council
Grants received, included in the above, are as follows:
BBC Children in Need
East Ayrshire Council - Regeneration Capital Grant Fund
Historic Environment Scotland
The Robertson Trust
Valencia Communties Fund
Foundation Scotland
**3.**
**Activities for generating funds**
**Unrestricted**
**funds**
**£**
Mobile Climbing Tower hire
11,308
Climbing Centre Income
117,781
Membership income
52,851
Cafe and retail sales
47,693
229,633|**2024**
**Total**
**£**
2,780
54,033
-
56,813
**2024**
**Total**
**£**
3,792
10,000
40,241
54,033
**2024**
**Total**
**£**
-
-
-
-
-
-
-
**2024**
**Total**
**£**
11,308
117,781
52,851
47,693
229,633|**2023**
**Total**
**£**
2,704
16,343
812,473|
|---|---|---|
|||831,520|
|||**2023**
**Total**
**£**
6,210
500
9,633|
|||16,343|
|||**2023**
**Total**
**£**
10,001
457,940
197,207
5,000
9,950
132,375|
|||812,473|
|||**2023**
**Total**
**£**
7,150
60,871
7,664
14,962|
|||90,647|
**Page 10**
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## **Above Adventure**
## **Notes to financial statements for the year ended 31 August 2024**
|**4.**
**Investment income**
**Unrestricted**
**funds**
**£**
Bank interest receivable
3,282
3,282
**5.**
**Costs of charitable activities - by fund type**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Principal activity (see note 6)
261,067
122,608
Support costs (see note 9)
139,167
125,042
400,234
247,650
**6.**
**Costs of charitable activities - main activity**
**Activities**
**undertaken**
**directly**
**£**
Wages & Salaries
145,012
Social security
7,441
Pension costs
1,163
Facilitators and instructors
11,028
Trustees' salaries
43,467
Trustees' social security
-
Trustees' pensions
-
Room hire and rates
2,467
Repairs and maintenance
125,049
Advertising
9,627
Volunteers expenses
65
Fundraising expenses
-
Purchases
38,356
383,676|**2024**
**Total**
**£**
3,282
3,282
**2024**
**Total**
**£**
383,676
264,209
647,885
**2024**
**Total**
**£**
145,012
7,441
1,163
11,028
43,467
-
-
2,467
125,049
9,627
65
-
38,356
383,676|**2023**
**Total**
**£**
260|
|---|---|---|
|||260|
|||**2023**
**Total**
**£**
804,994
219,868|
|||1,024,862|
|||**2023**
**Total**
**£**
59,548
1,291
31
17,928
39,700
4,255
1,004
1,639
650,342
23,403
258
1,220
4,375|
|||804,994|
**Page 11**
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## **Above Adventure**
## **Notes to financial statements for the year ended 31 August 2024**
|**7.**
**Governance costs**
**Unrestricted**
**funds**
**£**
Accountancy fees
1,850
Auditor remuneration
-
1,850
**8.**
**Other resources expended**
Loss on disposal of tangible fixed assets
**9.**
**Analysis of support costs**
**Cost of**
**charitable**
**activities**
**£**
Subcontractors
-
Heat & light
12,411
Insurance
13,146
Training and recruitment
6,858
Computer costs
11,547
Motor expenses
5,205
Cleaning
3,432
Legal and professional fees
66,786
Telephone
1,345
Postage and stationery
159
Depreciation
113,106
General expenses
9,790
Loan
19,597
Bank charges
827
264,209|**2024**
**Total**
**£**
1,850
-
1,850
**2024**
**Total**
**£**
-
-
**2024**
**Total**
**£**
-
12,411
13,146
6,858
11,547
5,205
3,432
66,786
1,345
159
113,106
9,790
19,597
827
264,209||**2023**
**Total**
**£**
-
9,000
9,000
**2023**
**Total**
**£**
)
(5,677
)
(5,677
**2023**
**Total**
**£**
13,607
11,280
33,711
9,459
11,115
3,164
7,035
4,579
1,100
1,215
104,473
7,973
9,251
1,906|
|---|---|---|---|
|||||
|||||
|||||
|||||
||||219,868|
**Page 12**
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## **Above Adventure**
## **Notes to financial statements for the year ended 31 August 2024**
## **10. Net outgoing resources for the year**
||**2024**|**2023**||
|---|---|---|---|
||**£**|**£**||
|Net outgoing resources is stated after charging:||||
|Depreciation and other amounts written off tangible fixed assets|113,106|104,474||
|Loss on disposal of tangible fixed assets|-|(5,677|)|
|Auditors' remuneration|-|9,000||
## **11. Employees**
|**Employment costs**
Wages and salaries
Social security costs
Pension costs|**2024**
**£**
188,479
7,441
1,163
197,083|**2023**
**£**
99,248
5,546
1,035|
|---|---|---|
|||105,829|
No employee received emoluments of more than £60,000 (2023 : None).
## **Number of employees**
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
|
Trustees
Staff
**12.**
**Trustees' emoluments**
Remuneration and other benefits|**2024**
**Number**
2
10
12
**2024**
**£**
43,467|**2023**
**Number**
1
7|
|---|---|---|
|||8|
|||**2023**
**£**
44,959|
## **13. Pension costs**
The company operates a defined contribution pension scheme in respect of the staff. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £1,163 (2023 - £1,035).
**Page 13**
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## **Above Adventure**
## **Notes to financial statements for the year ended 31 August 2024**
## **14. Taxation**
The charity is exempt from tax on its charitable activities.
|**15.**
**Tangible fixed assets**
**Freehold**
**Plant &**
**Furniture &**
**property**
**equipment**
**fittings**
**£**
**£**
**£**
**Cost**
At 1 September 2023
987,392
418,223
7,118
Additions
-
6,162
-
At 31 August 2024
987,392
424,385
7,118
**Depreciation**
At 1 September 2023
38,943
157,065
2,507
Charge for the year
19,748
85,697
2,370
At 31 August 2024
58,691
242,762
4,877
**Net book values**
At 31 August 2024
928,701
181,623
2,241
At 31 August 2023
948,449
261,158
4,611|**Motor**
**Computer**
**vehicles**
**equipment**
**Total**
**£**
**£**
**£**
23,499
4,231
1,440,463
-
-
6,162
23,499
4,231
1,446,625
5,874
3,346
207,735
4,406
885
113,106
10,280
4,231
320,841
13,219
-
1,125,784
17,625
885
1,232,728|
|---|---|
## **16. Debtors**
|Trade debtors
Other debtors
Prepayments and accrued income|**2024**
**£**
2,926
2,799
26,038
31,763|**2023**
**£**
3,633
8,064
26,038|
|---|---|---|
|||37,735|
**Page 14**
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## **Above Adventure**
## **Notes to financial statements for the year ended 31 August 2024**
|**17.**
**Creditors: amounts falling due**
**within one year**
Bank loans and overdraft
Trade creditors
Other creditors
Accruals and deferred income|**2024**
**£**
22,138
138,143
60,420
-
220,701|**2023**
**£**
9,956
1,535
812
81,745|
|---|---|---|
|||94,048|
A standard security was granted on 24 April 2023 in favour of Foundation Scotland over the property at Grange Church, Woodstock Street, Kilmarnock up to the first security limit securing the loan of £135,000 due by the charity.
A second ranking standard security granted on 1 February 2022 in favour of Architectural Heritage Fund securing the loan of £150,000 due by the charity over the property known as Grange Church, Woodstock Street, Kilmarnock.
A third ranking standard security in favour of East Ayrshire Council and Historic Scotland pari pass inter se. Granted on 27 February 2020 to East Ayrshire Council, securing both the Regeneration Capital Grant Fund of £2,469,911 and Renewable Energy Fund of £305,000. Granted on 10 February 2022 to Historic Environmental Scotland, securing the grant of £622,068 ove the property at Grange Church, Woodstock Street, KIlmarnock. In addition, a charge was created on 7 December 2022, in favour of East Ayrshire Council, for securing the addtional grant of £150,000 received by the charity.
A fourth ranking security was granted in favour of Foundation Scotland to the extent of the Foundation Scotland first security limit, over the property at Grange Church, Woodstock Street, Kilmarnock.
A fifth ranking security was granted in favour of Architectural Heritage Fund to the extent of the Architectural Heritage Fund second security limit, over the property at Grange Church, Woodstock Street, Kilmarnock.
A sixth ranking security was granted in favour of East Ayrshire Council and Historic Scotland pari pass inter se to the extent of the East Ayrshire Council and Historic Scotland third security limit, over the property at Grange Church, Woodstock Street, Kilmarnock.
|**18.**|**Creditors: amounts falling due**|||
|---|---|---|---|
||**after more than one year**|**2024**|**2023**|
|||**£**|**£**|
||Loans|247,831|273,745|
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## **Above Adventure**
## **Notes to financial statements for the year ended 31 August 2024**
|**19.**|**Analysis of net assets between funds**||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||**Unrestricted**||**Restricted**||**Total**||
||||||**funds**||**funds**||**funds**||
||||||**£**||**£**||**£**||
||Fund balances at 31 August 2024 as represented by:||||||||||
||Tangible fixed assets||||15,460||1,110,324||1,125,784||
||Current assets||||173,267||-||173,267||
||Current liabilities||||(73,163|)|(147,538|)|(220,701|)|
||Long-term liabilities||||-||(247,831|)|(247,831|)|
||||||115,564||714,955||830,519||
|**20.**|**Unrestricted funds**|**At**|||||||**At**||
|||**1 September**||**Incoming**|**Outgoing**||||**31 August**||
|||**2023**||**resources**|**resources**||**Transfers**||**2024**||
|||**£**||**£**|**£**||**£**||**£**||
||General fund|(120,691|)|289,728|)
(402,084||348,611||115,564||
## **Purposes of unrestricted funds**
The general fund is for the operation of the charitable objectives of the charity at the discretion of the trustees.
|**21.**|**Restricted funds**|**At**|||||**At**|
|---|---|---|---|---|---|---|---|
|||**1 September**|**Outgoing**||||**31 August**|
|||**2023**|**resources**||**Transfers**||**2024**|
|||**£**|**£**||**£**||**£**|
||Capital fund|1,311,216|(247,650|)|(348,611|)|714,955|
## **Purposes of restricted funds**
The capital fund represents costs for the creation and maintenance of the climbing and bouldering centre.
## **22. Related party transactions**
Key management personnel are consider to be: year amounted to £43,467.
The total paid out in the
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