**REGISTERED CHARITY NUMBER: SC046072** 

**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 October 2024** 

**for** 

**Knit - up** 

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**Knit - up** 

## **Report of the Trustees for the Year Ended 31 October 2024** 

||Page|
|---|---|
|Report of the Trustees|3 to 4|
|Statement of Financial Activities and Balance Sheet|5|
|Notes to the Accounts|6|



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**Knit - up** 

## **Report of the Trustees for the Year Ended 31 October 2024** 

The trustees present their report with the financial statements of the charity for the year ended 31 October 2024. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Charity number:** 

## **SC046072** 

## **Principal address** 

Bylands 2 Manse Street TD1 1NE Galashiels 

## **Trustees** 


## **Independent examiner** 

N/A - charity was dormant for the period 01 November 2023 – 31 October 2024 

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**STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Constitution** 

The charity is a Scottish Charitable Incorporated Organisation (SCIO) registered on 22 October 2015. 

## **Appointment of trustees** 

Trustees are elected at the annual general meeting. 

## **OBJECTIVES AND ACTIVITIES** 

## **Principal Activity** 

The advancement of education: Knit-Up will teach the craft of knitting, especially to the young and disadvantaged. Knitting has many health benefits, including confidence building, giving therapeutic and health to individuals who are prone to depression or are needing to work through personal issues and traumas. Knit-Up recognises the loneliness of the elderly both at home and in nursing homes. Knit-Up will work with families on projects to increase positive communication, family unity and harmony. The advancement of national heritage: Knitting was a very important source of income in the past and seeped in history and had an important story within many communities. 

Approved by order of the board of trustees on 12 July 2025 and signed on its behalf by: 


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## **Knit - up** 

## **Statement of Receipts and Payments for the Year Ended 31 October 2024** 

|||2023/2024|2022/2023|
|---|---|---|---|
|||Total Funds|Total Funds|
|||£|£|
|INCOMING RESOURCES||||
|||-|-|
|RESOURCES EXPENDED||||
|||-|-|
|TOTAL FUNDS CARRIED FORWARD||||
|||-|-|
||**Statement of Balances**|||
||**As at 31 October 2024**|||
||||£|
|||2023/2024|2022/2023|
|||Total Funds|Total Funds|
|||£|£|
|TOTAL ASSETS||||
|||-|-|
|TOTAL FUNDS||||
|||-|-|



The financial statements were approved by the Board of Trustees on 12 July 2025...... and were signed on its behalf by: 


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## **Knit - up** 

## **Notes to the Accounts** 

## **for the Year Ended 31 October 2024** 

**1. Basis of accounting** 

These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) 

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