Charity registration number: $CO45680
- Karkconnel and Kelloholm Development Trust.
known as
KKDT
Annual Report and Financial Statements
;
for the Year Ended 30 June 2025
|
Kirkconnel and Kelloholm Development Trust
known as KKDT
Contents (continued)
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|---|---|---|---|---|
|Reference|and Administrative|Details|1|
|Trustees'|Report|2|
|Statement|of|Trustees'|Responsibilities|3|
|||
|Independent Examiner's|Report|4|
|Statement of|Financial|Activities|5|
|Balance|Sheet|6|
|Notes to the Financial|Statements|7 to|13|
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Kirkconnel and Kelloholm Development Trust
known as KKDT
Reference and Administrative Details
| Chairman | MB Lammie |
© | ||
|---|---|---|---|---|
| Trustees | RMartin | |||
| JHeslop | ||||
| DWeir | ||||
| . | ||||
| ADaubney | ||||
| sO | AHiddleston | |||
| Charity RegistrationNumber | 8C045680 | |||
| Principal Office | HillviewLeisure Centre | |||
| KirklandDrive | ||||
| ‘Kelloholm | . | |||
| Sanquhar Dumfiesshire |
||||
| DG4 68D | , | |||
| Independent Examiner | GeraldMcGill | |||
| Farries, Kirk &McVean | ||||
| Dumfries EnterprisePark | ||||
| TinwaldDowns Road | ||||
| Dumfries | ||||
| DG13SJ |
. .
Page I
Kirkconnel and Kelloholm Development Trust
known as KKDT
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 30 June 2025.
Objectives and activities
Objects and aims
The trusts charitable purposes are; - Achievement of Citizenship and Community Development
- Provide recreation facilities and activities - Relief to those in need for whatever reason
Objectives, strategies and activities
During the period the trust achieved the following;
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Obtained equipment to meet local winter and summer resilience
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Engaged with Registered Social Landlord with a view to providing affordable social housing - Set up of local base and office
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Started the plannning and funding phase of a new STEM centre
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Worked with partners and volunteers to deliver help and assistance during Covid pandemic
Structure, governance and management
Nature ofgoverning document
The trust is a charitable unincorporated trust and the purposes and administration arrangements are set out in our constitution.
Recruitment and appointment of trustees
All of the trustees are appointed or re-appointed at our annual general meeting.
The annual report was approved by the trustees of the charity on yyl3)a6. and signed on its behalf by:
A Wad Trustee
Page 2
Kirkconnel and Kelloholm Development Trust
known as KKDT
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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° observe the methods and principles in the Charities SORP;
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° make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on ale [2. and signed on its behalf by:
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A Daubney 4
Trustee
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co Kirkconnel and Kelloholm Development Trust
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cS known as KKDT
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; Independent Examiner's Report to the trustees of Kirkconnel and Kelloholm Development Trust
I report on the accounts ofthe charity for the year ended 30 Fume 2025 which are set out on pages 5 to 13. Respective. responsibilities of trustees and examiner
The charity's trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 (the act) and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees consider that an andit is not required for this year under Regulation 10(1) (a) to (c) of the Accounts Regulations and that an independent examination is needed. _ ; ;
It is my responsibility to:
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examine the accounts under section 44(1){c) of the Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with regulation 11 of the Accounts Regulations. 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 conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view’ and the report is limited-to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me a reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and regulation 4 of the Accounts Regulations; and
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to prepare accounts which accord with the accounting records, comply with regulation 8 of the Accounts Regulations . :
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Gerald McGill
;
Farries, Kirk & McVean Dumfries Enterprise Park Tinwald Downs Road Dumfries DG1 3S]
a
Date: 24/03/2026
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Page 4
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wey
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Kirkconnel and Kelloholm Development Trust
known as KKDT
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|---|---|---|---|---|---|---|
|:|"|Statement of|Financial Activities for the Year Ended 30|June 2025|
|Unrestricted|Restricted|Total|
|.|-|funds|funds|2025|
|fe|Note|£|£|||£|
|Income|and Endowments|from:|
|Charitable|activities|-|214,013|.|214,013|
|Total income|-|214,013|214,013|
|Expenditure on:|,|
|Charitable activities|-|(198,382)|{198,382)|
|Other|expenditure|3|vs|(4,474)|(4,474)|
|Total|expenditure|,|-|(202,856)|(202,856)|
|Net income.|-|-|11,157|11,157|
|Net movement in funds|-|11,157|11,157|
|Reconciliation|of funds|,|
|Total funds brought forward|.|—127°——s«*162,745|162,872|
|Total|funds carried forward|12|_|127|173,902|174,029|
|4|.|Unrestricted|Restricted|Total|
|.|funds|funds|2024|
|Note|£|£|£|
|Income|and Endowments from:|
|Charitable|activities|-|175,301|175,301|
|Total income|-|175,301|175,301|
|Expenditure|on:|a|
|Charitable|activities|(1,362)|(154,036)|(155,398)|
|Other expenditure|3|-|(4,276)|(4,276)|
|Total expenditure|(1,362)|(158,312)|(159,674)|
|Net (expenditure)/income|(1,362)|16,989|15,627|
|Net movement|in funds|(1,362)|16,989|15,627|
|Reconciliation|of|funds|
|Total funds|brought forward|1,488|145,756|147,244|
|Total funds|carried forward|12|126|162,745|162,871|
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All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2024 is shown in note 12.
”” The notes on pages 7 to 13 form an integral part of these financial statements. Page 5 —
Kirkconnel and Kelloholm Development Trust
known as KKDT
(Registration number: 123) Balance Sheet as at 30 June 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 8 | 33,823 | 12,828 |
| Current assets | |||
| Debtors | 9 | 3,290 | 35715 |
| Cashat bank and in hand | 10 | 168,996 | 175,909 |
| 172,286 | 181,624 | ||
| Creditors: Amounts falling due within one year | 11 | (32,080) | (31,581) |
| Net current assets | 140,206 | 150,043 | |
| Net assets | 174,029 | 162,871 | |
| Funds ofthe charity: | |||
| Restricted income funds | |||
| Restricted funds | 173,902 | 162,745 | |
| Unrestricted income funds | |||
| Unrestricted funds | 127 | 126 | |
| Totalfunds | 12 | 174,029 | 162,871 |
The financial statements on pages 5 to 13 were approved by the trustees, and authorised for issue on pf of 24: and signed on their behalf by: A al , ¥ Trustee
The notes on pages 7 to 13 form an integral part of these financial statements. Page 6
ne Kirkconnel and Kelloholm Development Trust
.
.
known as KKDT
,
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-. .Notes to the Financial Statements for the Year Ended 30 June 2025
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1 Accounting policies
;
Statement of compliance
:
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis ofpreparation
Se ,
Kirkconnel and Keiloholm Development Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern Loe Theconcern. trustees:- consider7 that thereiare no material uncertainties about the charity's. ability to continue as a going
income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services _ forindirectits beneficiaries. nature necessaryIt includesto supportboth them.costs that can be allocated directly to such activities and those costs of an
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
: oO
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Page 7
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ps
_ Kirkconnel and Kelloholn Development Trust
known as KKDT
- Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
Support costs : Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs.
,
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation. ce : The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets.
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. :
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
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|---|---|---|---|
|Asset|class|Depreciation method and rate|
|Motor vehicles|25% reducing|balance method|
|Computer equipment|25% reducing|balance method|
|Plant & machinery|25% reducing|balance method|-|
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Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course ofbusiness.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective iriterest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due accordingto the original terms of the receivables. :
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
:
Page 8
ae
Kirkconnel and Kelloholm Development Trust
.
known as KKDT
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
; 2 Expenditure on charitable activities
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|---|---|---|---|---|---|---|
|Unrestricted|.|
|funds|Restricted|Total|
|General|funds|funds|
|oo,|,|Note|£|£|£|
|Grant funding of activities|and projects|.|"64,952|-|64,952|
|Staff|costs|-|113,722|113,722|
|Insurance|.|-|6,810|—|6,810|
|Telephone|and|fax|-|2,776|2,776|
|Printing,|postage|and|stationery|-|844|844|
|Sundry expenses|-|3,316|3,316|
|Travel and subsistence|-|3,506|3,506|
|Repairs and maintenance|-|1,956|1,956|
|Independent|examiner's|fee|-|500|500|
|Total for 2025|-|198,382|198,382|
|Total|for. 2024|1,362|154,036|155,398|
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3 Other expenditure
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|---|---|---|---|---|---|
|Restricted|-|Total|
|.|funds|funds|
|Note|£|£|
|Depreciation,|amortisation|and|other similar costs|4,474|4,474|
|Total|for 2025|4,474|4,474|
|Total for|2024|4,276|4,276|
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4 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
Page 9
Kirkconnel and Kelloholm Development Trust
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known as KKDT :
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
5 Staff costs
The aggregate payroll costs were as follows: .
2025 2024
£ £
Staff costs during the year were:
Wages and salaries 113,722 91,227
No employee received emoluments of more than £60,000 during the year
6 Independent examiner's remuneration
2025 . 2024
. £ £
Examination of the financial statements 500 360
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oo a Kirkconnel and Kelloholm Development Trust
known as KKDT
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
7 Taxation
The charity isa registered charity and is therefore exempt from taxation.
:
8 Tangible fixed assets
| : . |
Landand buildings £ |
Furnitureand equipment £ |
Motorvehicles £ |
Computer equipment £ |
. _ Total £ |
|
|---|---|---|---|---|---|---|
| Cost - |
: | |||||
| At 1 July2024 Additions |
- 20,400 |
2,740 - |
26,103 - |
5,664 5,069 |
34,507 25,469 |
|
| At30June2025 | 20,400 | 2,740 | 26,103 | 10,733 | 59,976 | |
| Depreciation | ||||||
| Atl July2024 Charge fortheyear |
- - |
685 514 |
17,844 2,065 |
3,150 1,895 |
_ 21,679 4,474 |
|
| At30June2025 | - | 1,199 | 19,909 | 5,045 | 26,153 | |
| Net bookvalue | ||||||
| At30 June2025 | 20,400 | 1,54] | 6,194 | 5,688 | 33,823 | |
| At30Fune2024 | : | 2,055 | 8,259 | 2,514 | 12,828 | |
| 9 Debtors |
||||||
| : | 2025 | 2024 | ||||
| £ | £ | |||||
| Prepayments | 3,290 | 5,715 | ||||
| 10 Cashandcash | equivalents | |||||
| 2025 | 2024 | |||||
| Cash atbank | , | £ 168,996 |
£ 175,909 |
|||
| 11 Creditors: amounts | fallingduewithinoneyear | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Other creditors Accruals |
- | 31,080. 1,000 |
31,081 500 |
|||
| 32,080 | 31,581 |
Page 11
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Kirkconnel and Kelloholm Development Trust
Ce ; known as KKDT Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
12 Funds
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|---|---|---|---|---|---|
|Balance at|1|Incoming|Resources|Balance at 30|
|July 2024|resources|expended|June 2025|
|£|£|£|£.|
|Unrestricted|funds|
|General|127|-|.|127|
|Restricted funds|162,745|214,013|(202,856)|173,902|
|Total frnds|162,872|214,013|(202,856)|174,029|
|.|
|en|Balance at 1|Incoming|Resources|Balance at 30|
|July 2023|resources|expended|June 2624|
|£|£|£|£.|
|Unrestricted funds|
|General.|||1,488|-|(1,362)|126|
|Restricted funds|_|145,756|175,301|(158,312)|162,745|
|Total funds|147,244|175,301|(159,674)|162,871|
|13|Analysis|of net|assets between funds|
|Unrestricted|Total|funds|at|
|funds|Restricted|30 June|
|-|General|funds|2025|
|:|£|£|£|
|Tangible|fixed assets|-|33,823|33,823|
|Current assets|105|172,181|172,286|
|Current|liabilities|-|(32,080)|(32,080)|
|Total net assets|105|173,924|174,029|
|;|-|Unrestricted|Total funds|at|
|funds|Restricted|30 June|||
|General|funds|2024|
|,|a|;|£|£|£|
|Tangible fixed assets|-|12,828|12,828|
|Current assets|627|180,997|181,624|
|Current|liabilities|(500)|(31,081)|(31,581)|
|Total net assets|127|162,744|162,871|
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Page 12
oe
Kirkconnel and Kelloholm Development Trust
known as KKDT
Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)
14 Related party transactions
There were no related party transactions in the year.
Page 13
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