REGISTERED COMPANY NUMBER: SC487594 (Scotland) REGISTERED CHARITY NUMBER: SC045380
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REPORT OF THE TRUSTEES AND .
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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King's Inch Place Renfrew Glasgow PA4 8WF
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RENFREW DEVELOPMENT TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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Page
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Report of the Trustees 1 to 3
Independent Examiner's Report 4
; Statement of Financial Activities a 5 ,
; ) . : Balance Sheet | 7 : . . 6 .
- - Notes to the Financial Statements . a 7 to 14 . a ,
Detailed Statement of Financial Activities 15 - co
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RENFREW DEVELOPMENT TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 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 March 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
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Objectives and aims
The company was formed to benefit the community of Renfrew by 1. maintaining, improving and regenerating its physical, economic, social and cultural infrastructure and assisting people who are at a disadvantage because of their social and economic circumstances; 2. advancing protection or improvement of the Community through the preservation and conservation of the natural environment, the maintenance, improvement or provision of environmental amenities for the Community, the provision of other environmental and regeneration projects and/or the preservation and conservation of buildings or sites of , architectural, historicor other importanceto the Community; : ae 3. relieving those in need by reason of unemployment, particularly among residents of Renfrew for the public benefit in |... ; such ways as may be thought fit, including assistance to find employment; - 7 4. advancing education and in particular promoting opportunities for learning, for the benefit of the general public so that . ; they can play a leading, proactive role in the sustainable development of the Community and which will assist the - - _ participants5, providinginin obtainingthe interests paid employment;of social welfare-—facilities for recreation and other leisure time activity to the; residents _. Renfrew with a view to improving their conditions of life. ; : . ACHIEVEMENTS AND PERFORMANCE __. Achievements and Performance , : : . 7. In accordance with our Memorandum and-Articles of Association, which forms the constitution of our organisation. The Renfrew Development Trust has set out this update‘on the performance and achievements of this organisation to date. oo a Renfrew Development Trust is a forward-thinking, out-looking community-led. organisation that shares-the vision: Our ; ’ Future, Together, is at the heart of developments within our area and strives to create something for everyone. The trust formed in 2014 developing the aims of the Steering Group that was previously in place. Developing over the years into a community anchor organisation, positioning its operations across’ different areas of interest, harnessing : community participation and development. - a The Renfrew Development Trust acts as the lead organisation, for the following: projects and initiatives and provides the , : oversight and strategic vision and direction: ; ; . . - Friends of Robertson Park BO ; , i - Friends of Clydeview Park _ a , , oo - Renfrew Men's Shed ~ , . a . - Renfrew Heritage Group . ‘ an , . . 7 ' ~- FoodyRDT CraftBagsGroupInitiative So ; 7 , a : a . i - Community ‘Asset Transfer Developments ; oo a . a, : . + =Lead and facilitation of the Renfrew Local Place Plan SO So oo Financial position : The Statement of Financial Activities on page 5 shows a deficit for the year of £10,406 (2024 - £23,302). At 31 March 2025, the Trust has net assets of £39,285 (2024 - £49,691), of which £7,913 net liabilities (2024 - £3,638 net liabilities) relates to unrestricted funds and £47,198 (2024 - £53,329) relates to restricted funds.
Reserves policy
The Trust aims to hold sufficient reserves to fund their activities in the short term and are actively seeking funding to allow the activities to continue in the medium to longer term.
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RENFREW DEVELOPMENT TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
Funds in deficit
There is a deficit on general funds of £7,933 (2024 - £3,801) at the year end date. The trustees are aware of this and are taking steps to raise funds in order to clear this deficit.
FUTURE PLANS
Renfrew Development Trust is currently undertaking a restructure in laying the new foundations and building the future of our organisation. The board is developing new policies, governance structures and a rebrand that includes a new logo, mission, vision statement and strategic plan. Our new strategic plan will replace the current 3-year strategic plan 2024 - 2027, Renfrew: Our Home, Town & Place.
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It is the mission of our organisation to build bridges with all sectors of society in Renfrew. To continue delivering for our community, working with the Local Authority, other community stakeholders and the business community and to _ engage with all Elected Members for the area. . ; - We take the collaborative and partnership approach to participation and the Trust will continue to be progressive in the , year(s) ahead, continuing the work of community development. oa a '. STRUCTURE, GOVERNANCE AND MANAGEMENT. : Oo ; Governing document a, ; mo, . . 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. ~ - . a . oo The company was incorporated on 26 September 2014 and commenced activities on 1 November 2014 when it received a donation from Renfrew Development Trust Steering Group which had been set up to look into the’[feasibility][of][a] ~ development trust being set up. The company became a registered charity on 28 January 2015. - — -Recruitment and appointment of new trustees . a . . . Trustees are appointed as required by the Board to ensure that there is an appropriate mix of skills within the Board. © New trustees take part in an induction process which aims to familiarise them with the charity's values, aims and . objectives. , oo mT , os _ : oO Organisational structure . ; + : The trustees meet on a regular. basis to review progress and discuss plans for the future. . . RegisteredREFERENCECompanyAND ADMINISTRATIVEnumber DETAILS | oO oo : _ ; - " «+ §C487594 (Scotland) ae , ) , Registered Charity number Te - . _ : - $C045380 | oe Registered office | ; oe , me : Anderson Business Centre ; me , oO oo ’ ” Anderson Drive oo ae ; - mo, Renfrew : . ‘ 7 , oo oo ; - PA4 8PL _ oo - ms nn oS
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RENFREW DEVELOPMENT TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
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Trustees Kevin Milliken (appointed 17/12/2024) : Harry Armstrong ; Michelle Connelly (resigned 12/8/2024) Catherine Durham . Kerry Russell William Burgoyne (appointed 12/8/2024) Laura Neil (appointed 12/8/2024) , . - Carole Paton (appointed 16/6/2025) Gary Mcguire (appointed 16/6/2025) ; Katrina Mcneil (appointed 16/6/2025) . Gerard Slater (appointed 16/6/2025) Company Secretary Kevin Milliken ‘Independent Examiner _ ) , , a, ue a ee Azets Audit Services, , , i CharteredTitanium Accountant1 ~ oo oe i , ; ; King'sInch Place >” , : os 7 - RenfrewGlasgow cree : ; : se , . . , PA4Approved by8WF order ofJ!the board of. trustees on LAO /[L200G][...][ and][ signed] °[ on][ its][ behalf][ by:] © ) - ‘
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RENFREW DEVELOPMENT TRUST
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I report on the accounts for the year ended 31 March 2025 set out on pages five to fourteen.
Respective responsibilities of trustees and 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 (as amended). The charity's trustees 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 the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities 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 . a oO , ee ’ In'‘connection with my examination, no matter has come to my attention : .- re te, (1) - ‘which gives me reasonable cause to believe that, in any material respect, the requirements . - toAccountskeep accountingRegulations;recordsand in accordance with Section ; 44(1(a) ofLs the 2005 Act; and Regulation co4 of. the 2006‘ _ + to prepare accounts which accord with the accounting records and-to comply with Regulation 8 of the 2006 Accounts Regulations = - oo ; have not been met; or - : : : Oo
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, (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be ,
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The Institute of Chartered Accountants of Scotland Lo a
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RENFREW DEVELOPMENT TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£.|
|INCOME AND ENDOWMENTS FROM|
|Charitable|activities|2|
|Charitable|Activities|-|38,796|38,796|23,000|
|EXPENDITURE|ON|
|Charitable|activities|3|
|Charitable|Activities|4,275|44,927|49,202|46,302|
|NET INCOME/(EXPENDITURE)|(4,275)|(6,13 1)|(10,406)|(23,302)|
|RECONCILIATION OF|FUNDS|a|.|
|Total|funds brought forward|a|-|(3,638)|-|53,329|49,691|72,993|.|
|"TOTAL FUNDS CARRIED FORWARD|(7,913)|47,198|39,285|«49,691.|
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The notes form part of these financial statements °
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RENFREW DEVELOPMENT TRUST
BALANCE SHEET
31 MARCH 2025
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Restricted|Total|Total|
|£|£|£|£|
|Notes|funds|funds|funds|funds|
|FIXED|ASSETS|
|Tangible|assets|9|‘20|-|20|163|
|CURRENT|ASSETS|
|Debtors|10|1,168|-|1,168|1,467|
|Cash|at bank|(6,413)|47,198|40,785|49,609|
|,|(5,245)|47,198|41,953|51,076|
|CREDITORS|,|
|Amounts|falling|due within|one year.|Hu|(2,688)|.|-|(2,688)|(1,548)||
|a|NET CURRENT ASSETSALIABILITIES)|—|(7,933)|47,198|oO|39,265|-|49,528|
|TOTAL ASSETS LESS CURRENT|||,|.|
|LIABILITIES|mo|(7,913)|.|47,198|39,285.|49,691|
|NET ASSETS|(7,913)|«47,198|239,285|49,691|
||FUNDS’|.|st|Woo|.|an|—|
|Unrestricted|funds|-|-|(7,913)|(3,638)|
|Restricted|funds|«i.|:|.|47,198|53,329|
|TOTAL FUNDS|,|So|.|.|-|.|39,285|-|49,691|
|.|
|'|The|charitable|company ‘is—|entitled|to|exemption ‘from|audit|under|Section|477|of the Companies|Act 2006|for the|year|
|-|>|ended|31|March|2025.|a,|
|;|The, members|have not|required|the|company|to|obtain|an.|audit|of|its|financial|statements|for|the|year|ended|
|:|31|March 2025|in|accordance|with|Section 476 of|the Companies Act|2006.|oo.|.|.|
|;|The trustees acknowledge their responsibilities|for|ao|oe|o|:|
|(a)|ensuring|that|the|charitable|company|keeps|accounting|.records|that|comply|with|Sections|386|and|387|of|the|
|-|;|Companies Act 2006|and|0|,|
|(b)|preparing|financial|statements|which|give|a|true|and|fair|view|of the|state|of affairs|of the|charitable|company|as|
|--,|_|**|at|the|end|of|each financial’|year.|and.of'|its|surplus|or|deficit|for|each|financial|year|in|accordance|with|the|
|,|oo|requirements2006 relating toof financial Sections|statements,394|and|395so farand aswhich applicable otherwiseto thecomply charitablewith company.the requirementsof the Companies,|Act|
|These|financial|statements|have|been|prepared|in accordance|with the|provisions|applicable|to charitable|companies|
|-|.|Subject|to the small|companiesregime.|=”|,|;|
|The|financial|statements|were|approved|by|the|Board|of|Trustees|and|authorised|for|issue|on|
|sek|GLOL|SZ GC|O..........|and were signed on|its|behalf|by:|
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Kevin Milliken - Trustee
The notes form part of these financial statements
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- ACCOUNTING POLICIES
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RENFREW DEVELOPMENT TRUST
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NOTES TO THE FINANCIAL STATEMENTS ; FOR THE YEAR ENDED 31 MARCH 2025
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"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
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.
, co, Expenditure ~ ee . Se , : , So " . ‘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: ; Tangible fixed assets . . Be . Depreciation’ is provided at the following annual rates in order to write off each asset over its estimated useful : © ife. 7 St 7 _ ce, -- Computer equipment - 33% on cost , Looe. 7 , ) ne Taxation on a ; : : . '. The charity is exempt from corporation tax on its charitable activities. oo 7 : ; "Fund accounting ‘ - Oe , 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. Cote mo, - ot - Further explanation of the nature and purpose of each fund is included in the notes to the[financial][statements.]
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|RENFREW DEVELOPMENT TRUST|;|
|NOTES|TO|THE|FINANCIAL|STATEMENTS|-|continued|
|FOR THE YEAR ENDED 31|MARCH|2025|
|2.|INCOME FROM CHARITABLE|ACTIVITIES|
|2025|2024|
|Activity|£|£|
|Grants|Charitable|Activities|38,796|23,000|
|—|3.|CHARITABLE|ACTIVITIES|COSTS|
|Direct|
|Costs|(see|
|;|note 4)|
|£|
|Charitable|Activities|49,202|
|,|"4.|DIRECToO|COSTS OF.|CHARITABLESe ACTIVITIES|co|2025|2024|
|:|Staffcosts|;|.|oo|17,789|15,404|i|
|oo|TelephonePayroll|expenses--|;|;|—|a|299-|456393|-|,|
|Officerent|~|—.|-|a|6,914|.-|5,640|
|-|
|.|Roomhire|—|.|__|:|808|a|
|;|
|‘|Subscriptions|;|,|.|se|315|
|oF||Bank charges|oO|,|oT|.|72|
|Sundry expenses||801|230|
||Independent|examiner's|fees|mo|So|-|1,140"|“1,327|
|,|Project|costs|«-|,|:|Lo|21,237|21,530|
|Depreciation|°|.|,|-|143|144|
|sO,|;|,|49,202|.|46,302|
|5.|‘NET INCOME(EXPENDITURE)|-|ae|||SO|
|.|Net income/(expenditure)|is stated after charging/(crediting):|.|:|7|.||
|ae|oo|a|025|s«(0284|,|
|Depreciation|- owned assets||oo|oo.|143|.|144|
|6.|. TRUSTEES' REMUNERATION AND BENEFITS|=)|.|os|Be|
|.||
||There|were no trustees’ remuneration|or other|benefits|for|the year ended|31|March|2025|nor|for|the year|ended|=|
|ot||31|March'2024.|oe|ne|,|
|Trustees’|expenses|;|—|—|Toe|a|;|.|
|;|There were no|trustees' expenses paid for the year ended’31|March 2025|nor for the year ended 31|March 2024.|
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RENFREW DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 .
| 7. | STAFFCOSTS | ‘ | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Theaveragemonthly numberofemployees | during theyearwasas | follows: | ||||||||||||||||||||||
| 2025 | 2024 | |||||||||||||||||||||||
| Admin | 1 | 1 | ||||||||||||||||||||||
| Noemployees received emoluments | in | excess | of£60,000. | |||||||||||||||||||||
| 8. | COMPARATIVESFORTHE | THESTATEMENTOFFINANCIALACTIVITIES | ||||||||||||||||||||||
| Unrestricted | Restricted | Total | ||||||||||||||||||||||
| funds | funds | funds | ||||||||||||||||||||||
| £ | £ | £ | ‘ | |||||||||||||||||||||
| 7 | . | INCOMEANDENDOWMENTSFROM | i | : | oo | . | ||||||||||||||||||
| ‘ | a, | Charitable activities | Ct | Lo | . | ; | oo | |||||||||||||||||
| an | ; | : | Charitable Activities | ; | vo | 3,000. | 20,000 | . | 23,000 | . | ‘ | |||||||||||||
| - | EXPENDITUREON | 7 | ) | |||||||||||||||||||||
| o | . | ’- | Charitable activities | , | i | a | . | _ | . | : | oe | |||||||||||||
| ’ | CharitableActivities | . | . | 5,601 | 40,701 | 46,302 | ; | |||||||||||||||||
| ae | NETINCOME(EXPENDITURE) | ae | (2,601) | (20,701). | (23,302) | a | ||||||||||||||||||
| _ | ____, | Transfers betweenfunds | oo | oo. | — | 1,000 | - | —_ | (1,000) | os | ||||||||||||||
| — | Netmovement infunds | 601) | (21,701) | = | (23,302) | |||||||||||||||||||
| oe | RECONCILIATIONOFFUNDS | : | : | _ | . | |||||||||||||||||||
| : | Total fundsbroughtforward | - | 4 | (2,037) | 75,030 | 72,993 | oe | |||||||||||||||||
| a | ‘TOTALFUNDSCARRIEDFORWARD | (3,638) | «53,329 | 49691 | ||||||||||||||||||||
| 9, | TANGIBLEFIXEDASSETS | BO | Do, | - | . | |||||||||||||||||||
| . | . | a | Computer | - | , | |||||||||||||||||||
| - | an oo |
- | Lo, | . | _ | - "equipment | ~ | |||||||||||||||||
| , | At1 April 2024and31 March2025. | ; | : | ; | * 1,199 | : | ||||||||||||||||||
| _ tO |
, | DEPRECIATION At |
April 2024 | , | a | , | A | oe | ~ | 1,036 | ; | |||||||||||||
| . | Charge foryear —~ |
; | , | : | ; | ee | 1430 | ; | ||||||||||||||||
| At31March2025 | ae | SO | 1,179 | - | ||||||||||||||||||||
| NETBOOKVALUE | : | ee | ||||||||||||||||||||||
| At 31 March 2025 | 20 | |||||||||||||||||||||||
| At31March2024 | 163 | : |
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RENFREW DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025
| 10. | DEBTORS: AMOUNTS | FALLINGDUE | FALLINGDUE | DUEWITHINONEYEAR | DUEWITHINONEYEAR | DUEWITHINONEYEAR | DUEWITHINONEYEAR | DUEWITHINONEYEAR | ‘ | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 . |
|||||||||||||||
| £ | £ | |||||||||||||||
| Other debtors | 845 | 1,144 | ||||||||||||||
| Prepayments | 323 | 323 | ||||||||||||||
| . | 1,168 | 1,467 | ||||||||||||||
| , | ||||||||||||||||
| 11. | CREDITORS: AMOUNTS FALLINGDUEWITHIN | WITHIN | ONEYEAR | |||||||||||||
| . | 2025 | 2024 | ||||||||||||||
| £ | £ | |||||||||||||||
| Accruals and deferred income | 2,688 | 1,548 | ||||||||||||||
| ‘12, | MOVEMENT INFUNDS ; . |
. | a | 7 : |
ee _ Net - . |
|||||||||||
| i | SO | ' | Movement | At | ||||||||||||
| ; | : | : ' |
, | . | - | At 1/4/24 | in funds | 31/3/25 | ||||||||
| Co | Co | Unrestricted funds | mo, | : | ‘ | , | ||||||||||
| -. | Generalfund - |
(3,801) | °: | (4,132). | (7,933) | |||||||||||
| a | , | Designated assetsfund | . . |
oc, | . 163 |
- (143) |
-20 | |||||||||
| ot CS |
os | (3,638) | (4,275) | (7,913) | ||||||||||||
| Restricted funds~ , . , ; . Victory Baths" * ~ , 2,071 7 (2,071) - oo: ; Friends ofRobertson Park 26,601 (9,365) |
17,236 |
|||||||||||||||
| Frewfest | . | . | : | 134... | (134) | -- | ; | |||||||||
| . | HeritageFund’ CommunityFoodFund |
a. | 2772. 5,229 |
3,278 (3,507) |
«6,050 1,722 |
a 4 |
||||||||||
| “4. | MensShed * |
. | - 3,460 |
(1,630) | _ | , | ‘1,830 | |||||||||
| _ | ; | FriendsofRobertson Park Gardens - Craft Club , |
Sensory | oo , |
- | 10,539 2,523. |
; | (10,539) - 3,074 |
- 5,597 |
. . |
||||||
| a | Community Asset Transfer | ; - |
14,763 | 14,763 | ; | |||||||||||
| sO - |
: | ft | "53,329 | 6131) | 47,198 | |||||||||||
| ; | “" | TOTALFUNDS . |
5 | . | - | 49,691 | (10,406) | 30,285 |
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RENFREW DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
- ‘12. MOVEMENT IN FUNDS- continued
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|,|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|:|Incoming|Resources|Movement|
|resources|expended|in|funds|
|.|£|£|£|
|Unrestricted|funds|
|General|fund|-|(4,132)|(4,132)|
|Designated|assets|fund|-|(143)|(143)|,|
|-|(4,275)|(4,275)|
|Restricted|funds|
|Victory|Baths|;|-|(2,071)|(2,071)|
|,|Friends|of Robertson|Park|;|5,000|.-|(14,365)|=|(9,365)|
||
|Frewfest|-|-|.|:|(134)|(134)|
|.|CommunityHeritage Fund Food Fund|mc|;|a|-|4,598500|—. 1,320)(4,007)|-|(3,507)3,278|°|,|
|:|Mens|Shed|-|.|5,000|-|-|(6,630)|(1,630)|.|:|
|-|Friends of Robertson|Park Sensory|7|:|:|.|;|;|.|
|,|Garderis|.|:|500.|-|~—|(11,039)|(10,539)|
|;|:|‘Craft Club|-|mo|°|4658|-|—|(1,584)|3,074.|;|
|Community Asset Transfer.|.|oo|18,540|(3,777)|°|14,763|.|.|
|.|,|
|||.|;|38,796|(44,927)|(6,131)|.|
|a|TOTAL FUNDS|a|38,796|(49,202)|(10,406)|ts|
|,|Comparatives|for movement in funds|—|,|;|-|oo|
|CO|amo|-|2,.|;|o.et;|:|~2movementNett.|Transfers.between|.|At.|.|
|,|Co,|At|1/4/23|in funds|.|‘funds|31/3/24|
|a|.|,|:||€£|£|£|£|‘|
|‘Unrestricted|funds|.|mo|;|:|
|.|
|’|General|fund|”|(2,344)|(2,457)|—|1,000|(3,801)|
|;|Designated|assets fund|"307|.|(144).|-|-|163|
|ee|(2,037)|--|(2,601)|~—‘1,000|"|(3,638)|.|
|Restricted funds|-|:|7|
|:|GroundworkUK|—|.|a|,|-|1,000|-|(1,000)|-|os|
|:|
|.|Victory|Baths:|‘|.|4|‘2,071|i|-|-|oe|_|2,071|
|Friends of Robertson|Park|32,291|(5,690)|2|oe|-|26,601|
|___.Frewfest|‘|;||1,134,|-|..|(1,000)|134|.|;|
|Heritage’|Fund|7.|8.789"|(6,017)|-|oe|+|2,772|mo,|.|
|*|Community Food Fund||/|2,211|3,018|-|-|§,229|
|Mens Shed|td|;|oO|6,752|.|(3,292)|.|-|=|°|3,460|.|;|
|,|Friends of Robertson|Park|Sensory|:|‘|7|
|Gardens|20,782|(11,243)|1,000|10,539|
|Craft|Club|-|2,523|-|2,523|
|75,030|(20,701)|(1,000)|$3,329|
|,|
|TOTAL FUNDS|72,993|.|(23,302)|-|49,691|
----- End of picture text -----
Page 11
continued...
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_ . ; .
.: ae a
==> picture [2 x 2] intentionally omitted <==
----- Start of picture text -----
)
----- End of picture text -----
RENFREW DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025
12, MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
.
,
==> picture [491 x 544] intentionally omitted <==
----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|3,000|(5,457)|(2,457)|
|Designated|assets|fund|-|(144)|(144)|
|3,000|(5,601)|(2,601)|
|Restricted|funds|
|Friends of Robertson|Park|-|(5,690)|(5,690)|
|HeritageFund||.|Do|1,200|(7,217)|(6,017)|
|;|Community|Food|Fund|Loe|“9,800|(6,782)|3,018|-|,|
|Mens|Shed|:|6,000|~|(9,292):|(3,292).|
|Friends|of Robertson|Park|Sensory|-|.|
|.|CraftGardensClub|-|.|.|ao|.|an||3,000>.|(11,243)(477)||(11,243)2,523|:|
|-|20,000|(40,701)|(20,701)|
|TOTAL FUNDS|,|23,000|(46,302)|(23,302)|
|"A current year "12months and prior year|12 months combined position|is as follows:|.|,|
|ot|oo|.|,|Net|Transfers|-|
|;|J!|:|At|1/4/23|movementin|funds||betweenfunds|i|31/3/25,At|
|Unrestricted funds|a|a|,|.|oo,|-|-|
|General fund.|(2,344)|(6,589)|1,000.|.|(7,933)|
|Designated|assets fund|.|307|(287)|-|20|
|'|Restricted.funds|:|(2,037)|:|.|(6,876)|~|1,000|(7,913)|
|Groundwork UK|~~|oe|1,000|~|-|(1,000)|-|
|Victory|Baths|~|2,071||(2,071)|.|-|-|
|Friends|of Robertson|Park|.|32,291|(15,055)|ms|‘|17,236|°|
|Frewfest|-|.|.||1,134.|(134)|-|(1,000)|©|-|
|HeritageCommunity FundFood Fund|:|©|2,211.8,789|(2,739)(489)|7-|6,0501,722|
|.|Mens|Shed|ae||6,752|(4,922)|-|:|1,830|oo|
|Friends of Robertson|Park|Sensory|,|,|so|.|
||.|Gardens|20,782|(21,782).|1,000|oe|
|.|CraftClub|;|-||5,597|-|5,597|
|Community Asset Transfer|ee|14,763|-|14,763|
|75,030|(26,832)|(1,000)|47,198|
|TOTAL FUNDS|72,993|(33,708)|-|39,285|
----- End of picture text -----
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Page 12
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RENFREW DEVELOPMENT TRUST
,
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025
12.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Resources | Movement | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||||||||||||||||||||||||||
| £ | £ | £ | ||||||||||||||||||||||||||||
| Unrestricted funds | ||||||||||||||||||||||||||||||
| General fund | 3,000 | (9,589) | (6,589) | |||||||||||||||||||||||||||
| Designated assets fund | - | (287) | (287) | |||||||||||||||||||||||||||
| 3,000 | (9,876) | (6,876) | ||||||||||||||||||||||||||||
| Restricted funds | ||||||||||||||||||||||||||||||
| .o | . | Victory Baths : Friendsof Robertson Park |
. | . | a | : | " | - §,000 |
-° | (2,071) = (20,055) |
(2,071) (15,055) |
|||||||||||||||||||
| . | Frewfest . |
‘ | - | — | (134). | (134) | ||||||||||||||||||||||||
| HeritageFund © ~ |
re | 5,798 | (8,537) | ' | (2,739) | |||||||||||||||||||||||||
| ‘ | : | ~ | CommunityFoodFund MensShed ‘ |
. | = | , | , mS |
, | ‘ | 10,300 11,000 |
. | = | (10,789). (15,922) |
«5 | (489) (4,922) |
; | ||||||||||||||
| _ | Friends of Robertson Park Sensory | a | ; | . | . | |||||||||||||||||||||||||
| Gardens | . | -. | . | : | 500 | 5 | (22,282) | - | (21,782) | |||||||||||||||||||||
| ~. | CraftClub | . | 7,658 | (2,061) | 5,597 | - | : | |||||||||||||||||||||||
| ; | : | Community Asset Transfer | ~ | . | 18,540" | (3,777) | 14,763 | |||||||||||||||||||||||
| oe | Oo | - | " | 58,796 | (85,628) | (26,832) | ||||||||||||||||||||||||
| . | ; | ; | TOTALFUNDS | . | : | 61,796 | (95,504) | (33,708) | © | |||||||||||||||||||||
| ; | ||||||||||||||||||||||||||||||
| , | , | , | ||||||||||||||||||||||||||||
| Purposesof thefunds: | . | . | ||||||||||||||||||||||||||||
| . | - | General Fund - all income -is restricted. |
and | expenditure | relating tothe | the . |
charity's activities, co |
otherthan . |
thanthose : |
forwhich | which funding : |
; us |
||||||||||||||||||
| ; | ||||||||||||||||||||||||||||||
| DesignatedAssetsFund-thenétbookvalueof | ofthecharity'sfixed | fixedassets. | . | , | an | |||||||||||||||||||||||||
| . | so | ‘KompanScotland -incomein respect | in respectof | ofRobertson Park improvements. | Robertson Park improvements. : |
, | . | , : |
; | : | ||||||||||||||||||||
| - | CyclingScotland -fundingfor | forCycleFriendly | FriendlyCommunityDevelopment. | . | 7 | ‘ | ; | |||||||||||||||||||||||
| GroundworkUK -fundingreceived | received forHeritage | Heritageprojects. | ; | . | , | |||||||||||||||||||||||||
| ; | ; | Victory Baths - funding | for | a | celebration ofthe 100th anniversary | ofthe iconic | Renfrew Victory | Baths in - | an | Oe | ||||||||||||||||||||
| oo | outdoorevent. | a | ||||||||||||||||||||||||||||
| _. . |
Friends of Robertson Park | - | funding | to | establish aFriends | ofRobertson | Robertson Park.working | workinggroup | group to | bring Robertson | : | |||||||||||||||||||
| Parkback to lifesothat itbecomes | becomestheheartbeatofthe-town-onceagain.“ | : | , | |||||||||||||||||||||||||||
| ‘Frewfest - funding to |
hold | afree-to-attend weekend | festival | of music’ | to | promote local | businesses | in | ||||||||||||||||||||||
| Renfrewshire. |
Heritage Fund - funding to provide monthly meetings for informative and entertaining discussions on the heritage of Renfrew.
Community Food Fund - funding to give those with hardship in Renfrew access to food without having to prove need.
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; : : . . mo : 2 : ‘ ' RENFREW DEVELOPMENT TRUST oO re NOTES TOTHE FINANCIAL STATEMENTS -continued =
-. 42. MOVEMENTINFUNDS-continued
a
Do, io Men's Shed - funding to run a group which promotes the health and wellbeing of men in Renfrew, by teaching coe practical tasks and reducing loneliness and isolation. : Oe : - me - Friends of Robertson Park Sensory Gardens - part of the funding to improve the environment of Robertson Park — a “'.. . . - and promote community engagement in this historic part of thetown, Cae ote . 43, RELATEDPARTYPARTY DISCLOSURES ss ST . Lo . There-were no related party’ transactions for the yearended 31 March 2025. ae . es oh : | 7
.
-. . 43, RELATEDPARTYPARTY DISCLOSURES
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