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
- 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.
- 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