Charity le$tra0 number. SC045680 Kirkconnel and Kelloholm Development Trust for the yearECa 30 June 2024
Kirkconnel alld Kellohokn ]kvelopment Trust kllown as KKDT Contents (eontiDued) Trusthes, B£port Statement OrTn¢¢$' Re5p)llsibilities Statement ofFiDaTLcial Activiti¢5 Balance Sheet Notes to the Financial SsateTrellts 7t013
KirkconD¢I and KellohohD Development Trnst Reference and Administrative Details ChgirniaiL TtE¥s CharAty" Nllmber SCOLiq680 Pr1CKpA1 Offite llview Cet Kitklalld Drive KeIlohoIm Sanquhar DC,A 6SD dependent E54ThiBtr Farries. kir£ & Mcvea Durnfrie5 Fztterprise Pwk TinTrTld DOW Rgad D)25 DG13
Kirk¢onnel and Kelloholm DeTrclopmellt Trust kDDwn as KKDT Tru$tees' Report Tlie ITuslees prescllt the aThiuaI report togedier widi the finan¢i81 slatemettts of tlie charity for die year ended JO Julie 2Q?4. Objectives and activities Objerts alpny 'Ibe trusts ¢harii&ble purposts aTe', Achievernent of Citizeiiship and C.oinmLiiiity DevelopiT)en¢ Provide recreati(In laLiliLies and activities Relief to ihose in need for whatever reaso Ohjeclives, oe¢ivitieJ ring the period the trust achicved the following. Obtain¢d equiptnent to meet local winter and summer resilience Enuax¢d ivith Registered Social Landlord with a view lo providing affordable social hoL15illg Sct up of local base and office Started the planniiing atjd funding phase of a iieiv STEM centre OTked '1th partners and volu11tee to deliver help aiid asistance dunn¥ Covid pandemic Strncture? governanee aJ)d ment Nuture ofgoverNipig documevl Th¢ lrnsi is a charitable unin¢0orat¢d trust and the pvrp)ses and administration aenIellES are set out in our Recriiitmenl ond uppoiKtmeni Ituslees All of the trustees aro appoii)ted or re-appoitjted at our annual general meeting. l-lie annual rep()rt aS pproved by die trustees of the cl)ariry on 25 March 2025 and 5ign¢d on its behaifby= PAge 2
Kirkconnel and Kelloholm Developmellt Trust known as KKDT Statem¢nt of Trustees, Responsibilities The ITU5tces are responsible for prepariE]g die ttwstees. report and the financial siatcment5 in a¢¢ordance with the Uiiited Kiiigdom Ac¢ouiirin¥ Siaiidaiyis (Uniled Kiiigdoin Geiierally Accepted Accountii)g PCtice) and applicable law and irgulations. llie law applicable to cli8ritie9 requires the trustees lo prepare fjnancial staieinents for eacli financial year which giv¢ a truc and tair view of the stale of affairs of the charily aii(l of tlie Incomin resources and application of Te50urc¢s of the charity for diat period. In preparin¥ ill¢st finaiicial statements. tlic trustEeS are required to.. select 5Ultable accounting policies and then appl). them ¢onsistenily', observe the method5 and principles in the Ch8riiies SORP. make judgements and e51ir¥]aies that reasonable and prudenL stale wheilier applicable accouniiiig 5taiidards have been followed. 5ubj¢¢t to any material departures disclosed and explained in ihe fiiiaiicial 5tatenients' and prepare the fitLan¢ia] stalEm¢niS on the going ¢oncem basis unle55 It is inappropriate to presume tha1 the charity will con¢inii¢ in lSIn¢s$. The trusiee5 ar¢ Tesponsibl¢ for keepiiig proper accouiiting records that disrlose witli reasonable accuracy at any time ihe tjnancial pogilioii of tlie charity alld ei)able theiii io cnsure tliat the finan¢ial 51aterneniS comply iviih the Charilies Aci 2011, tli¢ Charitieg IAc¢ounls 311d RerK)rtsl RetsulatioiJs ?008. and tlie provisioiis of the con8tituiioii. ll)¢ Mstees are also responsible for safeuuarding the assets ol the charity and hence ftsr iaktng reasonable step5 fvr thtr preveiitioii and detection of fr&ud and oth¢1 itregltlarities. The ttus¢ees are responsible for the maintenance and inttgrity of thc corporate 2nd financial iiifomi21ioii included ()n tli¢ Lharitabl¢ ¢on)pan) 5 VvEbsit¢. Legislation gov¢niiThg the preparatioi) and dissemination of rinanLial stateRiei)ts may differ froin legislatioll in other jurisdictioiis. Apprt%ved bw the truÈtees of the charity on 25 March 2025 and signed on its behalf by.. Page 3
KlrkeonDel aud Kelloholm Development Trust Independellt Kxmkner.'s Report to the Tru$tees of Kirk¢onDd and Kel]Dhol Development Trnst l ttporton th2 A¢¢OUDts of th¢ tsity iOE tht >rat e30 are set oll pajses 5 to 13 . Rospettive respO51b]ItS of trtee& atsd ¢yxmiDer The eharitys truite# (who aEt a]so direcioT5 of th¢ eryy fov the ot law) are resp)llsiblc for g¥¢pLYtiOn of thc ID zccordfi wirh the of Tbe CLAriues and Tntte Inlrstrneni (Scmlw)d) Att I5 (thc a¢tl 8lld tha ChÈrÉlie3 AeouD¢ {SeotlaudJ Regulatio$ 2tN16. Th- cl15 cong1d t"Lat an slldit igttoi r4UiTed foJ this ytsder I1) laj to (¢) of the Acoxu&4 Nl that'8nindepend¢nt exaraiDaiiOrt is Deale t¥aLnd ae¢owsvude¥ Sec 44(IXc)of th¢A¢ ftd "to 8t&ie vthothet parueul#rv¥tk¥% hav¢ cojma to tsiy airujtso B&Ei$ of iadepelldttjt e13miRttW$ report tncw records. It also llydudes kdeIln rf ally JnuFJal ittms da5x1.<S thc a¢nt4 a)d s¢ekillg the evidmce thatTrYovJd be rwted. tTh aNI Lonsequ¢2ttyno opiDYotsis es ID V¥heth the wcoJOE8 present a'true auj fair viY' IEMI th¢ rtyjotri IS15,.&[ to tt£osc.rn2tsErs set in the StaIr..l bdoTh. Ind¢g¢DdeBt ¢x5ner'5 stsltiiieTit keep oc¢owitittg T&ca15 in p<cO[d ¢ti((È 44(IXa) of the 2CQ5 Act aod gU10 4 of the AccDtsnts Resdati. aT¥3 to prepare 8c¢wDts %tiith awd with th¢ 118 wi.th regulation 8 of Actots ha nt)tTr¢an c (2.) ivhich. ID ms opiDion. •&cllÉion slxmtld br IiTrn in ¢)rdErto enabl¢ aptDperestslldltig (rfthe ac¢omJts to b¢reathed. F&nie4 KiTk & McVe4 Duuthies Ent¢TiSeP8k Tiuw¢ld DoThJkS R¢8d Durnfries 13SJ "5 March 2Q25 P¥ge 4
Kirkconnel aDd Kelloholm Development Trust Statement of FiD2ncial Activities for the Year Ended 30 June 2024 UDr¢stiicted Rtstriet•l ds Totsl 2024 Note IncoEne Endornts fro. Charifable acliTrities 175JOI 175301 Total inrne 175.301 175,301 EJpendKturo on: Charitable acbvits¢5 (lJ62} (154.036) (4276) (155J98) (4276 1362) li8.J12) (159.674) Net (expendiDre)lincorne N¢t moyernttht fun(Ls lJ62) 16,989 15,627 (lu62) 16989 15,627 Recontiligtion of Total flld$ brought forvffjd Total fiwds caEried forward 1.488 145,756 ' 147.244 12 126 162,745 L.Drestiicted Rleted Dds 162,871 Totsl 2023 Note Income 2nd Endowments from: Charitsble activities 96.841 96,841 Totsi fjnGom¢ Expenditsre ou: ChaTitable aaivities Other expelldinire (lJ75) {170J811 4,184) {171.756) 4.184) (1075) 174,565} 1175,940) Net expenditltre Net in fiRrds (107)) {77,724) (79.099) (Ip75} 177,724) (79.099) Re¢onciliatioD of Total fL]TrJs brougbi forward 1863 223.480 Total fwKls cLed forwgtd 12 1.488 145.756 147244 All ofthe eharitv's activities derive frojn COErtinuing OpeI0S duEitig the above two peri& Th¢ funds breakdoThTr for 2023 is SI in llots 11 . The notes on pages 7 to 13 fom) an Mteal part of thcse fi]Jancial statsnents.
Kirk¢one1 and Kelloholm Development Trust knoivn as KKDT (Registration number: 123) Balance Sheet as at 30 June 2024 2024 2023 Note Fixed gssets Tangible assets 12.828 Current *ssets Debtors CJsli at bank and in h8nd 5,715 175.909 2,399 166.1 i2 181,624 168.531 Crtdlton: AmniinLs f&ll1g due with1 one year 131,5811 134,09SI Nei eurrent asstts 150.043 134.433 'et 115sets 162.871 147,244 Fund5 of the chxrity,. Restr1etl intome funds Reskncted funds 162,745 145.756 Unrestrirted income fvnds Unrestricted fiinds 126 1.488 Total fuNds 12 162,871 147,244 Th¢ financial statemertls on pages 5 to 13 were approved by IhE Iruslees, and auihori8ed for issue on 25 March ?O?f dni The noi(¥ on pages 7 to 13 foiTh an iiite8ral part of thcsc Iinancial 5th1¢1nents. Poge 6
KirkLYJnnel 2nd Kelloholm Developmellt Trust knowll as IU(DT NotÉs to the Financial Ststements for the Year Ended 30 Jllne 2024 I AtCOUDtillg policies StatsMt of compIiaDC¢ The fujaneial statements have bgen prep3r&l in accordance with IhE second editiott of the Clthrrities Ststement of Recomm¢nded Practice issua in Octobtr 2019: the Fillancial Rew)rting Stsndard appli¢able iD tbe United Kiugdom andRepublic ofTrelaTtd IFRS 102) aDd the ChaTilies Act 2011. Basi$ Df preparAtion KirkconDel aud Kelloho]m Developm1 TnLSt rneets the defitJitiOn of a public bwefit entity under FRS 102. The accowits (finatLciai ststrm¢nts) have been prepad under thE histori cost Convethion with iteu recoguis at cost or traDsaction vat unless Otb¢t1 srad itt the relevartllote(s) to these accoullts. The collsid¢r that there are mateti81 uawtsinttes aknut the chity's abslity to contioue &$ a going lutome 2nd elldoynlltnts All illcorne is recognised ots¢¢ the cbaritv has elltitIemeDt to the 1cOme. it is probable that the iDcorne wi11 b¢ Teceived and the amount of the in¢ome reeeivabl¢ w be measured reliably. Grants reeetvAble have been lljet. Wh¢re perfOrallG¢ cottditioDs 8tta¢h¢d to the grant 8nd are yet to be the is r¢¢o8Dised as a liabi]ity 8ttd included onthe baLa[e 5b¢¢t as defeed illCOJDe to be rele pellditure All exwdiThtre is recolsed oll¢e there 15 a legal or ronsttucttve obliwion to tbat expenditure, It is probablc settlement 15 required and the atnovllt can be mewred reliably. AU costs are ailocatcd to the appli¢able ¢xpenditUTe heading that aggregate simitsr co5 io that cate.oori. Wher¢ wsts c4llnot be dIrdY attTibutr(E to particular headings they hav¢ ell allocatcd on a b&5is ¢onsistent with the use of resource5, with ¢¢ntral staff Costs allocated on the basis of tttue spenL and d¢pwiatioll Cl0¢5 all(xated on the rttn of the asset'5 Use. Other supw)rt costs a]lo¢¥ted based on the spread of staff costs. Charitsble expenditure comprises those costs iAcurrtd by the cknity in the delrvery of its adivitie$ and services for its b¢neficiarie5. It in¢llldes both costs that (XD be all< dirttdy lo such tiVIties and tIse costs of an indirect nature necess8ry to supportthellL GrtProVIsios Provi5iOll5 for grAnts are m* th the iniention to make a grJJLt has beeu ¢on)mUnited to the tEcipient but there is uncertainty about eitherthe timing of the wt orthe amou ofgr2llt payable. Page 7
. Kirkconnel and Kelknholm Development Trust kDoffD s KKDT Notes to the Fingncial Ststements for the Year Ended 30 June 2024 (continued) Support ets8ts Support sts include ¢traI functions and bave been allo¢ated ts tiviry e<)s¢ ¢at¢gories Dn a basis ¢onsistaEt with the ofrtsource& for ex2mpl4 allating property costs by ti(K)r aTeas. or per stsff costs by the time spellt and other wsts by thciT usage. Governance eosts These in¢lude tbe costs attrETrutable to the cb8rity'S conwli#ll¢e with LY)nstItionll and stsnrtory Twuir¢m¢n including audsL 5tratesiG maDagemeni 8t In1¢ ffjethgs ttimbuE5ed ¢YpeDses. T•xatiOn The clwity is Considered to Pa th¢ tests 5£t PaTawh I sj1t 6 of th¢ Fioance 2010 and thw¢fore il meEts the definA"tion of a charitable ¢ompallv for UK COTporatioll lax piirpDS¢S. Accordingly, th¥ charity is potentially exempt fiorn twtion itL respe¢t of illo)me or ¢apitsl gaills tive4 thid)sn ¢at¢gori¢s )vered by Chapter J Part I l of the Corporation Tax Act 2010 or Se10 256 of the Taxation of Chargeable G#iw Act 1992, the ext¢Dtthat such inco¢ or gaiD5 ate applied lusive1Y ts cbaTÉtable puTroses. Tangible fixed a55ets tlldrvidual fixed assets #T¢ initsally rorded o)$4 legs any wbseqy£nt WLmiulated d¢pCIatIon and subséqu•xt accuTnulat¢d jrnpaireth losse& Depreciation aDd Thortlqation Deprxi4tion is provided on Tangible fixed a$ts so as to Thrtte off the cost or valu*10 less cstin residualvaLue. overtheir expectrd useful er0))1c life as foJSows: Asset class Motor vehicles Computer equipment Plant & m¥binery Depre¢iition metb•d and T 25DA reducing ba]20ce r(Lethod 25%mlllcing balance 25%trdu¢ing balance method Tr4de d¢btOTS Trade debton ar¢ ainounts due frollL CU5tom¢rs for sold or services perfornI in the ordiffjary urs¢ of busitKSS. Trade deorS are TEcognised initiAlly at th¢ tr2Dsl0 price. They are subswuendy rneasured at aoTtiSed cmt using the effective interest method. less pro1510 for impairnient. A prtsvision for the impairment of trade debtors is estsblished wben th¢re is objective emdence that the charitywill not be able to collt all amowkts due a¢cordiDg to the original ternts ofthe receivables. Cash aud ¢asb eqofvalents C&sh alld ¢&sh equiYal¢nts comprise ¢asb on hatld and ca]1 dew)sits. and other short-terul hi£bly tiquid investtllellts that ore readily ¢onverttble to a ktK>Wm anM)UDt ol ¢ash and are subject to an iD5ig)ifi¢allt risk of ¢INnge in value.
larkconnel and Kelloholm Development Tnt koown as KlmT Notes to the Financial Statements for the Year Ended 30 June 2024 {contillued) FuDd $tru¢thre UDrestriwJ iUCOllLe fimds art general fu that are #vaaable for use at th¢ trustccs di5¢retion in fiuthennce of th¢ objedives ofthe thity. Bestricted its¢orne fjJlld5 are those dollated foruse in a particvlar 8rea ur for ScifiC pose4 the use of which is r¢stricted to that area or pwTr05e. 2 ExpellditHre OD £knritxble activitRs LIDre5tricteAJ fllDds General Restri¢ttd TotAI falld5 Note GTant fiu)ding of adiv¢ties and proi¢¢ts Staff costs lllsur4nce 46.611 91,227 1957 46.611 91227 2.957 1,002 4.192 1.543 1767 3,875 864 360 l.OQ2 Telephone alld hx Printin& postage alld ststionery Sundry &ws¢s Travel and SubsistCe Repair5 ¥nd maiotenance tndepettht examinerfs fee Tot41 for 2024 4.192 1,543 2.767 864 360 lJ6? 154.OJ6 155,398 Total for 21123 lJ75 170,)81 171.756 3 Oth¢r expellditthre Restrirt¢d fvllds fullds tkpre¢iatiot4 aEDOrtisatÉOD aDd other sirnilar costs 4,276 4276 Totsl for 2024 4.276 4276 Totsl for2023 4.184 4.184 4 Trn$teu renjuneratioll aDd èxptns No tru5tecs. nor ally persoos connected with hav¢ received atty Temunerthn frorn the charity the
Kirkconnel and Kelloholm Development Trnst known as Kt(DT Notes to tbe Financial Ststejllents for the Year Ended 30 June 2024 (continued) i Stsff to%ts The aggregate payroll ¢osts were as follo." 2024 2023 Staff Lwts during the yr were: Wagts and salaries 91,227 58,557 No 2mployee rec¢iv¢d ¢molutnellts ofnK)re than £60.i>IKI during the ye 2024 21123 Examination ofthe fiuan¢ial s1thments 360 420 Page 10
Kirkconnel and Kelk)holm Development Trust known as KKDT Notes to the Financial Ststements for the Year Ended 30 June 2024 (continued) 7 Tax8tion 8 Tangible fixed Sets Computsr equipme MotorTebicl&s eqwprnent Total Cost At l July 2023 Additions 26.103 4.111 30214 4,293 2,740 At 30 JuDe 2024 1740 26.103 5,664 34.507 DepreciatioD At l Jlllv 2023 Charge forthe yt*r 15,091 2,753 2J12 838 17,403 4276 685 At 30 June 2024 685 17.844 3.150 21,679 Nét bookvahje At 30 June 2024 2.055 8259 2514 12,828 At 30 JUD¢ 2023 11.012 1.799 12,811 9 Debtors 2024 2023 5.715 2J 10 C85b and ¢ssh equivalth 2024 2023 Cash at bank 175.909 166,132 11 CreditOT5: fylbog due within oneytar 2tr24 2023 2,098 31.080 920 Other ¢reditors Accruals 31,081 500 31.581 34.098 Pzge 11
Kirkeonnel and Kelloholm Development Trust knovrn &$ KKDT Notes to the Financial Ststements for the Year EDded 30 Jlllle 2024 (¢ontiDued) 12 Fonds l#nce al I Jthty21)23 expended June 2024 Unre8tricted fonds General 1,488 (l J62) {158J12) 126 RestY5cted 145.756 175JOI 161745 175JOI 159.6741 162 871 B•lance at I Jllty 2022 ID¢411lliDg Bxl#Dee•t30 June 2023 Unrestrirted funds General 1863 {1,375) 174,564) 1.488 3.480 96,841 145.756 Total funds 226.34? 96,841 {175.940) 147244 13 Aly$L9 of llet assets between funds Lnrestslrt Tots] funds gt 30 Jutte 2024 Restri¢t¢d fuMd$ Generxl Tangible fixed assdg 11828 180.997 (31.0811 12.828 181,624 315811 627 500) CuffeDt Liabilities Total asseis 127 162,744 162.871 Ltyrestrhrt<d Total fid$ at 311 Jue 2023 Tall1¢ fixed assets cellt a&set5 Cu)Tent liabilities 12311 166.ILS (33.178) 145.758 11811 l68531 34,098) 1406 (920) Total net assets .486 147244 Page 12
Kirkconnel and Kellohokn Development Trnst known as KKDT NotQ8 to the Financial stateellts for the Year Ended 30 June 2024 (continued) 14 Related party tr8n$attiolls Ther¢ w¢r¢ no related pany tr3n5actsoDS inthe year. Psge 13