Charity Registration Number : SC044314
STONEHAVEN TOWN PARTNERSHIP
A CHARITABLE UN-INCORPORATED ASSOCIATION TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
STONEHAVEN TOWN PARTNERSHIP LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Trustees Charity Number SC044314 Registered Office Sheriff Court Building Dunnottar Avenue Stonehaven AB39 2JD Independent Examiner Precision Accountants and Business Advisors Limited l Marischal Square Broad Street Aberdeen ABIO IBL
STONEHAVEN TOWN PARTNERSHIP
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
STONEHAVEN TOWN PARTNERSHIP TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The trustees present thelr annual report and financlal statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's goveming document, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP '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 IFRS 1021.. Objectlves and actlvltles Publlc beneflt The trustees have pald due regard to guldance Issued by the Charlty Commlsslon In decldlng what actlvltles the charlty should undertake. Financial review Reserves policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Structure. governance and management The charity is a company limited by guarantee. The trustees who seNed durlng the year and up to the date of slgnature of the flnanclal statements were: The trustees, report was approved by the Board of Trustees. This report was approved by the trustees and signed on its behalf by- Trustees Date: 26 January 2026 Page1 of8
STONEHAVEN TOWN PARTNERSHIP
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent Examiner’s Report to the Trustees of Stonehaven Town Partnership
I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which consists of the statement of financial activities,balance sheet and the related notes
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of IFA
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Name:
for and on behalf of Precision Accountants and Business Advisors Limited
Date: 26 January 2026
Page 2 of 8
STONEHAVEN TOWN PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Investments 4 Total Expenditure on: Raising funds Charitable activities 5 Other 7 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 8,553.80 15,416.54 0.17 23,970.51 11,153.72 23,096.58 599.00 34,849.30 (10,878.79) (10,878.79) 13,851.26 2,972.47 |
Total Funds 2025 £ 8,553.80 15,416.54 0.17 23,970.51 11,153.72 23,096.58 599.00 34,849.30 (10,878.79) (10,878.79) 13,851.26 2,972.47 |
Total Funds 2024 £ 877.27 15,041.75 2.81 |
|---|---|---|---|
| 15,921.83 | |||
| 8,897.96 10,976.76 773.66 |
|||
| 20,648.37 | |||
| (4,726.54) | |||
| (4,726.54) 18,577.80 |
|||
| 13,851.26 |
Page 3 of 8
STONEHAVEN TOWN PARTNERSHIP
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2025
| Recommended categories by activity Notes Fixed assets Tangible assets 8 Total fxed assets Current assets Debtors 9 Cash at bank and in hand 10 Total current assets Creditors: amounts falling due within one year 11 Net current assets/(liabilities) Total assets less current liabilities Provisions for liabilities Total net assets Funds of the Charity Unrestricted funds 12 Restricted funds 12 Endowment funds 12 Total funds |
Total Funds 2025 £ 166.34 166.34 4,088.02 8,897.46 12,985.48 7,295.89 5,689.59 5,855.93 (2,883.46) 8,739.39 2,972.47 - - 2,972.47 |
Total Funds 2024 £ 765.34 765.34 8,807.02 14,386.41 23,193.43 8,196.74 14,996.69 15,762.03 (1,910.77) |
|---|---|---|
| 17,672.80 | ||
| 13,851.26 - - |
||
| 13,851.26 |
The financial statements were approved by the trustees on 26 January 2026 and signed on its behalf by:
Trustees
Date : 26 January 2026
Page 4 of 8
STONEHAVEN TOWN PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts 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 (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity 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 the accounts.
1.3 Tangible fixed assets
Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Name | Rate (%) | Method |
|---|---|---|
| Computer Equipment | 33 | Straight line |
| Plant and Machinery | 25 | Reducing balance |
| Fixtures and Fittings | 20 | Reducing balance |
2. Income from Donations and Legacies
| Analysis General grants provided by Government/other charities Other Total 3. Income from Charitable Analysis Sale of service Total |
Unrestricted funds £ 8,553.80 - 8,553.80 Activities Unrestricted funds £ 15,416.54 15,416.54 |
Total funds 2025 £ 8,553.80 - 8,553.80 Total funds 2025 £ 15,416.54 15,416.54 |
Total funds 2024 £ 350.00 527.27 |
|---|---|---|---|
| 877.27 | |||
| Total funds 2024 £ 15,041.75 |
|||
| 15,041.75 |
3. Income from Charitable Activities
Page 5 of 8
4. Income from Investments
| Analysis Unrestricted funds £ Interest income 0.17 Total 0.17 5. Expenditure on Charitable Activities Analysis Unrestricted funds £ Interest payable 0.57 Legal/professional fees 210.00 Charitable donations and grants made 3,113.55 Land train expenses 7,649.74 Total 10,973.86 Support Costs 12,122.72 23,096.58 6. Support Costs Analysis Support Costs Wages and salaries Printing and stationery Staf costs Entertaining Land train insurance Travelling expenses Software Subscriptions Other staf expenses Redundancy provision Governance Costs Accountants fees 7. Other Expenditure Analysis Unrestricted funds £ Depreciation 599.00 Total 599.00 |
Total funds 2025 £ 0.17 0.17 Total funds 2025 £ 0.57 210.00 3,113.55 7,649.74 10,973.86 12,122.72 23,096.58 Total funds 2025 £ 15,230.31 32.98 230.72 - 5,141.89 375.00 138.86 90.00 94.99 972.69 969.00 |
Total funds 2024 £ 2.81 |
|
|---|---|---|---|
| 2.81 | |||
| Total funds 2024 £ - - 689.40 980.40 1,669.80 9,306.96 |
|||
| 10,976.76 | |||
| Total funds 2024 £ 11,069.75 34.98 - 150.28 1,665.27 350.00 2,425.86 - 189.00 1,910.77 409.00 |
|||
| 23,276.44 18,204.91 |
|||
| Total funds 2025 £ 599.00 599.00 |
Total funds 2024 £ 773.66 |
||
| 773.66 |
Page 6 of 8
8. Tangible Fixed Assets
| Plant & Machinery Fixtures & Fittings £ £ 8.1 Cost or valuation At 01 April 2024 142,102.00 384.99 Additions - - Disposals - - Revaluations - - Transfers - - At 31 March 2025 142,102.00 384.99 8.2 Depreciation and impairments At 01 April 2024 142,102.00 384.99 Charge for the year - - Disposals - - Revaluations - - Transfers - - At 31 March 2025 142,102.00 384.99 8.3 Net book value At 01 April 2024 - - At 31 March 2025 - - 9. Debtors: Amounts falling due within one year Total funds 2025 £ Other debtors 4,088.02 Total 4,088.02 10. Cash at bank and in hand Total funds 2025 £ Cash at bank and in hand 8,897.46 Total 8,897.46 11. Creditors: Amounts falling due within one year Total funds 2025 £ Accruals and deferred income 1,440.00 Taxation and social security 67.61 Other creditors 5,788.28 Total 7,295.89 |
Plant & Machinery £ 142,102.00 - - - - |
Fixtures & Fittings £ 384.99 - - - - |
Fixtures & Fittings £ 384.99 - - - - |
Computer Equipment £ - - - 2,321.00 - 2,321.00 1,555.66 599.00 - - - 2,154.66 (1,555.66) 166.34 Total funds 2024 £ 8,807.02 |
|---|---|---|---|---|
| 142,102.00 | 384.99 | |||
| 142,102.00 - - - - |
384.99 - - - - |
|||
| 142,102.00 | 384.99 | |||
| - | - | |||
| - | - | |||
| 8,807.02 | ||||
| Total funds 2024 £ 14,386.41 |
||||
| 14,386.41 | ||||
| Total funds 2024 £ 1,440.00 65.94 6,690.80 |
||||
| 8,196.74 |
Page 7 of 8
12. Charity funds
| 12. Charity funds | 12. Charity funds | 12. Charity funds | 12. Charity funds |
|---|---|---|---|
| 12.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 13,851.26 23,970.51 34,849.30 - - 2,972.47 12.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 18,577.80 15,921.83 20,648.37 - - 13,851.26 |
|||
| 18,577.80 15,921.83 20,648.37 - |
- | 13,851.26 |
13. Average Number of Employees
Average number of employees during this year : 1 and last year : 1
Page 8 of 8