Charity le￿$tra￿0￿ number. SC045680 Kirkconnel and Kelloholm Development Trust for the yearE￿Ca 30 June 2024 Kirkconnel alld Kellohokn ]kvelopment Trust kllown as KKDT Contents (eontiDued) Trusthes, B£port Statement OrTn￿¢¢$' 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 T￿￿tE¥s CharAty" Nllmber SCOLiq680 Pr1￿CKpA1 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 a￿sistance dunn¥ Covid pandemic Strncture? governanee aJ)d ment Nuture ofgoverNipig documevl Th¢ lrnsi is a charitable unin¢0￿orat¢d trust and the pvrp)ses and administration a￿￿￿enIellES 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 P￿Ctice) 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 Kx*mkner.'s Report to the Tru$tees of Kirk¢onDd and Kel]Dhol Development Trnst l ttporton th2 A¢¢OUDts of th¢ tsity iOE tht >rat e￿30 are set oll pajses 5 to 13 . Rospettive respO￿51b]I￿tS of tr￿tee& atsd ¢yxmiDer The eharitys truite# (who aEt a]so direcioT5 of th¢ eryy fov the ot law) are resp)llsiblc for g¥¢pLYtiOn of thc ID zccordfi￿ wirh the of Tbe CLAriues and Tn￿tte Inlrstrneni (Scmlw)d) Att I￿5 (*thc a¢tl 8lld tha ChÈrÉlie3 AeouD¢ {SeotlaudJ Regulatio￿$ 2tN16. Th- cl￿1￿5 cong1d￿ t"Lat an slldit igttoi r4UiTed foJ *this ytsder I￿1) laj to (¢) of the Acoxu&4 Nl that'8nindepend¢nt exaraiDaiiOrt is Deale t¥aLnd ae¢owsvude¥ Sec￿* 44(IXc)of th¢A¢ ft￿d "to 8t&ie vthothet parueul#rv¥tk¥% hav¢ cojma to tsiy airujtso B&Ei$ of iadepelldttjt e13miRttW$ report tncw records. It also llydudes ￿￿kde￿Il￿n rf ally JnuFJal ittms da5x1￿￿.Wm anM)UDt ol ¢ash and are subject to an iD5ig)ifi¢allt risk of ¢INnge in value. larkconnel and Kelloholm Development Tn￿t koown as KlmT Notes to the Financial Statements for the Year Ended 30 June 2024 {contillued) FuDd $tru¢thre UDrestriw*J iUCOllLe fimds art general fu￿ that are #vaaable for use at th¢ trustccs di5¢retion in fiuthennce of th¢ objedives ofthe th*ity. Bestricted its¢orne fjJlld5 are those dollated foruse in a particvlar 8rea ur for S￿cifiC p￿ose4 the use of which is r¢stricted to that area or pwTr05e. 2 ExpellditHre OD £knritxble activitRs LIDre5tricteAJ fllDds General Restri¢ttd TotAI falld5 Note GTant fiu)ding of adiv¢ties and proi¢¢ts Staff costs lllsur4nce 46.611 91,227 1957 46.611 91227 2.957 1,002 4.192 1.543 1767 3,875 864 360 l.OQ2 Telephone alld hx Printin& postage alld ststionery Sundry &ws¢s Travel and Subsist￿Ce Repair5 ¥nd maiotenance tndepettht examinerfs fee Tot41 for 2024 4.192 1,543 2.767 864 360 lJ6? 154.OJ6 155,398 Total for 21123 lJ75 170,)81 171.756 3 Oth¢r expellditthre Restrirt¢d fvllds fullds tkpre¢iatiot4 aEDOrtisatÉOD aDd other sirnilar costs 4,276 4276 Totsl for 2024 4.276 4276 Totsl for2023 4.184 4.184 4 Trn$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 y￿r 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 A￿ly$L9 of llet assets between funds Lnrestslrt Tots] funds gt 30 Jutte 2024 Restri¢t¢d fuMd$ 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