Trustees Annual Re ort Year ended 31 October 2024. The trustees have pleasure in presenting their annual report along with financial statement and independent examiner's report. Charity name Woollcombe Square Residents Association SCIO Charity Number SC046832 Address of Treasurer Current Tru8tee.l• AGM The AGM of the Association was held on 25 March 2025, when ten of the twelve households in the Square were represented. Constitution The charity is an incorporated body, the constitution of which was adopted on 7 November 2016 (amended to SCIO requirements) and was grantedi charitable status on 6 September 2016. Trustees The above are appointed annually at the AGM. Three truslees are elected and/or not more than ten other co-opted members. The Elected trustees are the chair, secretary and treasurer who meet infornially during the year to discuss ongoing issues. Objectives and Activities The charity was set up to purchase the vacant ground within Woollcombe Square, in order to advance community development with open spacc and amenities for the public and provid¢ recreational facilities.. The protection of two large oak trecs and a sitka spruce (all with 'I'PO' s) within the area is also a prime object. The 'Squarc' referred to is a 'village green, and was designated Open Green Space, in the Local Development Plan. It was maintained by the MOD and then ourselves(privately) until it was bought by a Blinshall Land Leasing, Dundee, and is now a fenced are4 growing wild. Planning perniission I bccn refused on three occasions and several offers from the Association to buy the ground from the owners has been previously refused. During 2024 at the request of the WSRA a Land Surveyor valued the ground at between £15,000 a-£20,000 as an recreational open space. The Association, in accordance with Scottish Government rules has attempted to buy the ground under the 'Community Right to Buy, legislation which was turned down due, amongst other things, there being no definition of 'Abandoned or Neglected, land. Further site meetings during 2024 with the Scottish Land Fund, ￿ the owner of BlinslHII Land Leasing and Mr Swinney, the First minister, has so far failed to provide any satisfactory outcome.. During March 2025 Blinshall Leasing sent a lettcr to the Association offering the land for sale at between £25,000 and £30.000. for private purchase. This was discussed at the AGM and could be the way forward provided householders remain firn] with there &ssertions to pay their Sh￿e. A request for approximately half the sum is to be requested from another local benevolent trust. Otherwise the residents may have to dccide on a wholly private sale or give up on the acquisition. Initially, An an effort to compulsorily buy the ground the residents of ten of the twelve households in March/April 2019 each loaned £500 to the 'Square' fund to have an amount required as an offer for the ground, in the bank. (A stipulation that is required by the Scottish government 'Right to Buy,). Should the Association's efforts to purchase the ground eventually bc unsuccessful and the charity closed, any loans from the residents will be returned to them. The occupants of the other two houses have also stat that they will loan £500 each when it is required. Sadly, the husband and wife at No. 12 both died during 2023 and it is likely that their £500 loan will be returned to their dependents when matters are finalised.. A decision on this however has been withheld meantime by the members until discussions are fmalised. Funding The Association is presently funded by loans from members as required. Presently the group has £5000.00 in its bank account for the purchase of, and expenses in connection with said purchase and a further £287.80 f( incidental cxpcnses, which was monies given previously by the residents to maintain the ground before charitable status. This figure includes an increase of £5, paid by the treasurer, on 30 October 2023 to keep open the account with Lloyds Bank. Future Plans If and when the ground is purchased and returned to its fornier level and flat green space, it is envisaged that quiet areas and other community spaces will be set out. Seating will be provided for picnicing and other facilities provided as required. oved b the Trustees on - l March 2025 Bank Unrestricted Funds Restricied Funds Total £287.80 5000.00 £5287.80 Receipts for2023-2024 - Nil Payments for 2023-2024- NIL This completes the report for year 8 of the Woollcombe Square Residents Association SCIO. APPENDIX 3 S(01115h Chanty Rwtaior Independent exarninerfs report on tho accounts I R•port to th• Chwity n• Regl*ler•d charfty SC number On th• a¢counts of th• cbarfty for the perf¢d Period st•1 dale Per￿ end date Yeji OLT Set out on p•go• R•sp•cOY• The c*ty'8 tnJsts88 8r8 r88pornibb fly tha preparntbon of the acujurrts in acctyd r••pon•lbllltlM of with Iho lemig of Ihe ch¥It￿ and Trustoe Inv8$tmonl ISco118ndl 2005 Act th8 Iru•tees and examln•r Charrt￿9 AC￿nIS ISeollaTrYI Regulations ?C￿laS wn8ndedl. Thè ¢harty ITuslees consKJor that Ihe requirement of Regulation 10111 (dl of the Accoun18 Regulations does not ￿Pty. 11 Is my responsibility lo ex8min8 the 8cciyJntS 88 requyed under section 44111 (G} of Ih? *￿t aTrJ lo slate wh8lh8r pwt1oa￿f matters have come lo my att￿lL)n. Ba$ls of Indopandent My examination is in 0¢x￿dan(% with RogulalN)n 11 of th8 2CC6 Acc•un18 •x•mln*• •tal•mgnt R8gulatK?n8. An exWnnatI￿ includes a r•viw of th8 aCt£￿ntry r￿$ kept by the chwty 8rNJ 8 comparison of the accJ)unl$ pr080nl&d wth tho$8 racord$. 11 aL80 irtclud8s (￿s￿orati￿ of any unus¢￿1 il•m8 or di$clo8Urn8 In th& 8ccount8 8nd sè8k$ oxplfjnalion6 from Ihe tru8te88 ￿ncernIng any 8uch matters. The FfOC8dwes unjartaken do not wovide all tho th81 would be rBquired in Bn and, ￿nsequ￿1￿, l th) not exwe¥s ￿ wdil opinKn on t1￿ vtew giv8n by the acwwnts. Independont examlnorfs In the COLrse of my exanination. no matter has come lo my altention lolhor Ihan th81 stal•m•nl disc108&J on ts attathed p￿•.] whith gN•S mg rgawwbl8 cauge to bdlev8 th*t in any mat•rial thd requir6￿ent$.' lo ke&p acto￿tIng r8cords in aCc£*d￿C8 with 9OCtion 41 } la) ol 2005Acl ReguLglion 4 of tho 2C￿ Act￿￿ntS R8gulalhxs, and to preFore accounts whith 8ccord wrth the a(￿untIng r8ccOU2 CHa 5582.80 04 Nov 20 CHQ 30 Oct 23 I 10(X)001?33474710 809128 10 FPI 7.80 Lloyd5 B8rnk plc Re9151￿r￿￿ Offir,e 25 Gresham Sireel. 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