REGISTERED CHAIUTY NUMBER: SC047512 ort of Ihe I rustees aiid inancial Statements for the Year Ended 31 March 2 25
Leitli Communi Centre Association SCIO Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examinels Report Stalemeiit of Financial Activities Balance Sheet Notes to the Financial Slatemenls
Leith Communi Cenlre Associalion SCIO ort of the T1'Lislees for the Year Ended 31 March 2025 The trustees present their rcporl With ihe financial slalements of the charity for the year ended 31 Marcli 2025. Tlie Ii'ustees have adopted the provisions of Accounting and Reporting by Charities.- Statement of Recommended Practice applicable to charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (fRS 102) (effective l January 2019). OBJfi CTIVES AND ACTIVITIES Objectives The overall objective of Leith Conimunity Cenlre Association SCIO is lo advance education and lo provide and assist in tlie provision of recreational facilitics or the organisation of recrealional activities, witli the object of improving the conditions of life for the community of Leiih aiid its surrounding areas. ACHIEVEMENTS AND PERFORMANCE Charitable activities For Ihe year under review, the Community Centre has continued to build attendance. In the year to 3 1st Mairh 2025 the centre received approximately 4,200 b(]okings froin the mmUnIty. and 8niiual new enqui17es were atDund 10 each week. The bookiiigs are SOlJ/o paying, and s/0 either subsidised, free. or as required by CEC under the terms of ihe existing lease. The centre continues lo pi'ovide a wide range of services lo th¢ community. IlUdIng. ESOL classes Dependen¢y support groups Adult Education classes Martial Art5 Dan¢e classes for all ages Art and Craft classe5 Sports including Football, Basketball, Badininton, Dodgeball. Roller Derby practice and other Rollcr-skaling based aclivitics Cookery events Event rehearsal space Faiih gi'OUPS Wherever possible the centre a150 offers temporary accominodation lo other local groups on occasiojis wheit their own facilities are out of use because of maintenance or repair. Tlie YMCA School Holiday A¢iivity evenls are now a firm commitmen( within the Centre, entering theii. 4th year. Iii January 2025 the Centre again hosted the £eiih Chooses pliy5ical voting day. A sum of more than £44,000 was distributed to local caLises based upon the principles of Participatory Budgeting and the voting of our local commiinity. We are pioud to be at the centre of this annual event once more, drawing many mernbers of the lo¢al community into their Centre. To provide stable facilities for the community, the discountcd Monday lo Friday daytime lettings were maintained throu£h the year, although this provision will undcrgo review in 2025-26 because of increasing Cost pressures. The Centre continues to strive to broaden activities for all sectors of our community. including toddlers. senioi%. and diverse CLEliural and recreational groups. In late 2024 we undeitook tests on offering a weekly Commuiiity Meal wiihin our Cafe space. Tlii5 ha5 proved popular and in eai'ly 2025 it became a weekly event. We see Ihis as a plUde to offering Inorc ci)oktI)g and catering activity. FINANCIAI, REVIEW Financi¥tl rcview The total iiiconie for th£ year under rcview was £69,457 (2024- £55.522). and expenditurc was £61,820 (2024.. £55,051), reslilting in a sUlUS of £7,637 (2024- £471). Net assets have increased froin £103,526 to £111,163 with £110,120 in iinrestricled funds {2024: £102.483). Page I
Leiih Communi Centre Association SCIO ort of the Trustees for the Year Ended 31 March 2025 INANCIAL REVIEW Reseryes policy Tl)e Management Committee has continued to maintain its reseeS policy, aimiiig to retain free reserves in unrcstritit¢d funds to cover approximately three monihs of unreslricied chwitable expenditure. With the continued Ltn¢ertainty through the year surrouiiding fulure CEC provision of suppoit and maintenance seivices. the Trustees continue to hold reserves that cover a minimum of 3 months total (SCIO plus Council) combined expenditure. At ciii'rent levels the committee believe that equates to a cash sum of around £66,000. Fuilher review will take place as at)d wlien future CEC poli¢y on Community Centr¢ support beconies clear. In the nieantime th¢ unrestricted funds at 31 March 2025 were £l10.120 (2024: £102.483). with £85.094 as free tyserves not retained as fixed assets (2024: £72,648). FUTURE PLANS Throughout the year City of Edinburgh Council continued their 51rdte8ic review of Community Centres aciDss the city. This is a proces5 Ilial wa5 not coIicluded by the end of the reporting year, and the Tlltees Tecognise that thi5 may have a Inalei'ial effect oil how the Centre is run in the future. Change is almost inevitable because of CEC budget constrnii)ts. To Iliat eiid Leilh Community Ccntr¢ has m3inlain¢d current levels of seJvi¢e but contTh)Iled exi)enditure prudently and pi'opoitionately. We also I'emain in conversation ivith several of our users and external organisations iiivestigating possible future callaboration to cnsure a slablc future for the Cent, STRUCTURE, GOVERNANCE AIYD MANAGEMENT Govei'ning (loeumeilt Leiih Commui)ity Centre Association SCIO is a Scottish Charitable Incorpordled Orgaiiisation (SCIO) registered in Scotland (SC 047512}. It operates under a Constitution drdwn up under guidelines provided by thc City of Edinburgh Council. Subject to the powers of the organisation in general meetings, the policy and general rnAnagement is controlled by a Management Commiltee, the meimbers of whi¢h aTe elected at annual general nieelings. This SCIO was established to replace Ihe charity Leith Community Centre Association (SC 005529). Leiih Coininunity Centre Associalion (SC 005529) has now wound up and passed ils assets and liabilities lo Leith Community CLntre Association SCIO (SC 047512). Tl)e charity began tr8ding as Leith Commuiiity Ceiitre Association SCIO (SC 047512) on l April 2018. R¢ci'uitm¢nt And appoiiitment of new trustees The need for new trustees is reviewed periodically based on the composilTon of the skills and expcrieiice of the cun'ent board. During the year ended 31st Marcl) 2025 the were no changes to the conipoSTtion of the Trustee board. Risk Management The Coinmittee continue to monitor risks lo the opcration of the charity. and to the Cominunity Cenlre. As tEferred to elselvhere, the ongoing CEC Community Centre Strategic Review process overshadows the operation of centsES city wide, including Leiili. Trustees have consciously taken a prudent approach to the operation and developinent of the centre durti)g this year, awaiting the outcome of the review. Immediate risk to the Centre and the charity appear low but TTUStees I'ecognise their need to continue moni10iing the impact of severdl possible future scei)arios. CEC have indicaled a definite intcnt lo address several buildiT]g i55ues. most notably Ilie comprehensive re-iY>ofing of the building. Tlicre is positive expectatioii that thi5 will shortly take placc. Meanwhilc, Ihc Centre is seekiiig partners and collabordtions that can provide stability and resource to tl)e centre without conipronii5ing the core services offered to the coininunity- Conversations are continuing. Pagc 2
Lcith Communi Ccnlrc Association SCIO Re_rt of the Trustees ror th 31 March 202 Rfi,rr.RF.NC.F, AND ADMJiyisfRATtVE DETAILS Re£istei'ed Chai'ity number 8('.047512 liide ieiideiil If'xi)iiiiiiei' Cowan & Partnei's Limited 60 c.on41ilulion stLI FAliiibLifL7h Fll.H6 6RR Appi'oved by onl¢r of th¢ board of trusteos on 22 Decomber 202S tsnd signed on its b¢half by: Page 3
Inde endent Examinerfs Re oit lo the Trugtees of I rcport on Ihc accounls for Ihc year ended 31 March 2025 sel out on pages five to twelvc. Respective i-espon$ibilitie8 of Iriislee8 and examiner 'rhe charity's li.us1e are re.%ponsible for th¢ piwar4tion of the accounls in aecnrdance with Ihe tei'ms of the Charities and Tiustee Jnvestrnent (Scotland) Act 2005 and the Chartti¢.s Acc()unts {Scoilniid) Regiilftljon 2006 Rmeiidcd). The charity's tTu#¢es consider that the audit requiremeni of Regulation 10(1 Xa) to (c} of the A¢coiants Re8uIHtions d(*8 nnl apply. Tt is my re8p)iisibility to exan)ine the a¢coiints as rcqiiircd under Section 441 Imc) of the ilct and to state whether pai'licular malters1)aN'e conie to my attention. IIASIS of the independent examiner's report My ¢xaminatioJi was cattied out in accoi'dance ii'ith Regulation I l of Ihc C.hw'itit5 Accounts (8coUaiid) Regiilatioris 2006. An exaiiiination inwlud¢s a rcvi¢w of the aGcounting recoi'd5 keyt by the ChilY and a coinpari50n of the accounts pr¢Ill¢d with thos¢ rccords. It also inclLbJes cvnsid¢ration of any unusual i¢enJs . disclosures in the accounts. and sttckino cxplai)alion5 froin you as Iruse$ ncerning any such nutters. 'J'h¢ piDce4JuT¢s undertak-en do not provide all Ihe evidcnce thkLt would be rcquircd in an audil, alld coiiscqucnily I do nol exprGs5 ali dudil opinioi) on th¢ view %ivcn by the accoui)1s. liidependent examliier's 5t&tement In ¢onne¢tion with my examillaiion, iDatttt14s come to my attention ". (I I whieh ML rcllsonllble L8U5e lu bclieve that. in any maierial rcspect, the requirements to keep accouirting records in Lccordance widi S¢¢iion 44(IXa) of thc 2005 Act and Rcgulalion 4 of Ilic 2006 A¢¢oiints IleEulati0114; and to prepar6 accounts which accord wilh the ac¢ounting recoS and to coinply will) Kegulalion B of elle 20Q6 Acwunls RLgulatioiis havc not becn Inet; or (2) lo which. in my opinion, attention should be drawij in order lo enable a piDrKr understanilinbi uf the account8 lo be reached. Cuw#n & Partncrs Limitcil 6(J Cnik%liliJliori SirLLt F.diiil)Lll'gh I,-I ICTr ()Rll Dale,. Page 4
Leith Communi Centre Association SCIO Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donalions and legacies 131 131 133 CbAiitAble aetivities General 67,142 67,142 53,444 Investmeni incoine 2,184 2,184 1,945 Total 69,457 69,457 55,522 EXPFNDITURE ON Chari*#ble Activities Genei'al 61.820 61,820 55.051 NEI. INCOME 7,637 7,637 471 RECONC.II,IATION OF FUNDS Total funds brought forward 102,483 ,043 103,526 103,055 TOTAL fuNDS CARRIED FORWARD 110,120 1,043 111 163 103,526 llie note5 fonn part of these financial statemenis Page 5
Leith Commui)i Centre Association SCIO Balance She -3 l Miircli 2025 31.3.25 Total fund.9 31.3.24 Tolal Unreslricted fund Reslricled funds rilXF,D ASSV.TS l angible aSts 10 25.026 25,026 29,835 CURRENT ASSTrI'S Cash at bank and in hand 86.071 1,043 87,114 74.62Q CREDITORS Amounts falling due within one year (9TI) (977) {929) NL"I' CURIiLN"I' ASSEI'S 85.094 1,043 86.137 73,691 I'(YI'AL ASSE'I'S LESS CUEUILNT LIABILITIES 110,120 .043 111.163 103.526 NL'I. AS'STr;'rs' LIO,120 1,043 IIL,163 103,526 'VNDS 12 Unrestricted fui)ds RcslriLIL(I fiinds 110,120 1,043 102,483 1,043 TOTAI, FIINDS 111,163 103,526 lThe financial slAtements wur approvcd by thc Ik)ard of Trustees and audioriscd for issue on 22 Dccembcr 2025 and were signed on its behalf by.. The notes fonn part of these finhncilll statements Page 6
Leilh Coinmuni Centre Associatioii SCIO Notes to tFLe Financial Statements for the Year Lnded 31 March 2025 ACCOUNTING POLICIES Basis of pi'eparing the financial slatements The finaiicial statements of Ihe charity, which is a public benefit entity under FRS 102. have been prepared in accordance with thc Charities SORP (FRS 102) 'Accounting and Rewrting by Charities., Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Fii)an¢ial Reportitig Standard applicable in the UK and Republic of Ireland (FRS 102) (¢fftive l Jaiiuary 2019),, Financial Repoitiiig Standard 102 'The Financial Rew)rtinB Standard applicable in the UK and Republic of Ireland, and the Charities alld Trustee Investment (Scotland) Act 2005. The financial statemenls have been prepared under the historical cost convention. Leiih Community Centre Association (SC005529) kgan trading as Lcith Community Centi'e Asso¢ialion SCIO (SC04512) on l April 2018. At that date all assets ond liabilities were Iransfei'red fi'om Leith Community Centre Association (SC005529) to Leith Commui)ity Cenknr Association SCIO (SC04512). The ac¢ounts are presented in sterling which is the charity's fuiictional ¢urren¢y. and rounded to the nearest pound, No change5 have been made lo the basis of preparing the financial statcments this year or lo ihe pr¢vious yeals financial stalemenl5. Going concern The Irustecs consider that there are no material un¢ert&inties abolit the charity's ability to conliiiue as a going concem and Iliere as sufficient rescThc5 to meet the reserves policy as detsil on page 2, Ilierefore the accounts are prepared on a goin8 concern basis. CritlCAI Accounting ju(Igements and key souites of estlmltion uri¢ertAinty Tlie preparation of the financial slalemenls coiifomis wilh Ilie reqiiiremenls of the Charities SORP ai)d general accepted accounting principlcs. The only area in which it is considered that a¢counling esiirnates and areas of judgenieiit have beeli applied is depreciation, the policy on which is outlined below. Income All income is recognised in ihe Slaienient of Financial Activities once ihe charity l)as entitleinent lo the funds, it is probable Ihat tl)e income will be received and the amount can be incasured reliably. Expenditui'e Liabilities are recognised a5 expenditure as s(y)n as there is a le881 or constnjclive obligalion committing the cliai'ity to Ihat expei)dilLJre. it is probable that a transfer of econoinic benefits will be required in settlement and the amount of the obligation can be measiired lIablY. Expenditure is accounled for on an accrua15 ba515 and has been classified under l)¢adii)gs that aggregalc all cost related to the category. Where cosÉ5 cannot be directly attributed to pailicular headillgs Ih¢y have been alloc&tcd to activities on a basi5 Consistent with ihe use of resourc¢s. TAIigible fixed as5e¢s l)epi'eciation is provided at the following annual rdtes in order lo write off each a$t over ils estimated usefvl life. Improvements to property Fixliires and fittings Computei. 4uipment 151J/o on reducii)g balaiice 150/0 on rediicing b8lancc 15% on reducing balance Taxation The charity is exempl froin tax on its charilable activities. Fund Accounting Unrestrtcled funds can be used in a¢¢ordan¢e wilh the charilable objectives at Ilie discretion of the triistees. Page 7 continued...
Leith Communi Centre A550ciation SCIO Notes to the Financial Ststements - continued for Ihe Yeai. Ended 31 March 2025 ACCOUNTING POLICIES - CODtitsiied Fund aeeounting Re51ricted funds can only be used for particular restricted purposes within the objects of the chai'ity. Re51ri¢tion5 arise when specifIed by the donor or when funds are raised for p8rtiC4]lar restricted puryoses. The Centre cutTently has no 5cpardtely designated funds for specific putvoses. Measurement of debtors Trade and other debioKs are recognised at the settlement amouiit due after any trade discount offered. PIEpaymenls are valued at the amount prepaid iiet or any trade discounts due. Cash at BAnk And on FIAnd Cash dt bank and cash in hand includes c&sh and any short terni highly liquid investments with 8 short maturity of thi'ee months or less from the date of acquisilion or opening of the deposit or similar account. Creditors Riid LoRns Creditors aiid loans are recognised where the Charity has a present obligation resulling from a past event Ihat will probably result in the transfer of funds lo a Ihird party and the amount due to settle the obligalion cali be measured or estiinaled reliably. Creditors and loans are nomially recognised at their settlement ainounl after allowing for any trade discounts due. VAT Leith Community Ceiitre Association SCIO is not VAT registered and ilierefore expenditure is recognised inclusive of V AT. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations 131 133 INVESTMENT INCOME 31.3.25 31.3.24 Deposit account interest 2,184 1,945 INCOMK FROM CHARITABLE AcfiviTIES 31.3.25 31.3.24 Activity General Rental incoime 67,142 53,444 Page 8 continucd...
Leith Comniuni Centre Association SCIO Notes to the Financial Statements- continued foi the Year Ended 31 March 2025 CHARITABLE ACTIVITIES cosrs Direct Costs (see te6) Suppoit costs (see note 7) Totals General 23.491 38.329 61.820 DIREcf COSTS OTr CHARITABLE AcfiviTIES 31.3,25 31.3.24 Insurance Event ¢ost5 IT Expense Cleaning & re-cycling Grants & donations Repaii's & renewals Subscriptions Janitorial support Development worker Tutor costs 1,694 1,548 340 3.200 1.900 1.545 1,570 300 404 35 6,697 .073 449 2,958 15,612 192 23,491 15,646 SUPPORT COSTS Governance costs General 38,329 Support costs, included in the above. are as follows: GovernAnfe costs 31.3.25 31.3.24 Total a¢tivilies Geiieral Independent F.xaminatioi) CEO fee5 Depreciation of tangible fixed assets 978 32,083 5,268 930 32,083 6,392 38.329 39.405 Page 9 continued...
Leith Communi Centre Association SCIO Notes to the Financial Stalenients- continued for the Year Ended 3 l March 2025 TRUSTEES, REMUNERAT10Tr4 AIYD BEN1¢ FITS Thei'e were no trustees, reinuneration or oilier benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Triistees, expenses "rhei'e were no Iiustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 Mai'ch 2024. COMPARATIVES FOR THE STATEMENT OF FIIYANCIAL ACTIVITIES UnreslTiCted fijnd Restricted fijnds Total fullds INCOME AND ENDOWMEI NTS FROM Doiiations and legacies 132 133 ChAI'itable activitie5 General 53.444 53,444 Investment incoine 1,945 ,945 TotAI 55,521 55,522 EXPENDITURE ON Clii?I'itAble Activities Geiieral 53.978 ,073 55,051 NET IIYCOMlIl(EXPENDrruRE) 1,543 (1,072) 471 RF.CONCILIATION OF FUNDS Total funds brought forward 100,940 2,115 103,055 TOTAL FUNDS CARRIII D FORWARD 102.483 1,043 103,526 Page10 continued...
Leith Communi Centre Association SCIO Notes to the Financial Statements- continued for the Year Ended 3 l Mairh 2025 io. TANGIBLE FIXED ASSEI'S Improvements Fixtures and fittings Coinputer equiprnent propety Totals COST At l Api'il 2024 Additions 15.910 124.835 17.118 460 157,863 460 At 31 March 2025 15,910 124,835 17,578 158,32J DEPRCI CIATION At l Api'il 2024 Charge foi. year 6,214 1.455 108.260 2,486 13,554 1.328 128,028 5,269 At 31 March 2025 7,669 110,746 14.882 133,297 ]YET BOOK VALUE At 31 Mai'ch 2025 8.241 14,089 2,696 25,026 At 31 Mai'ch 2024 9,696 16.575 3.564 29,835 No indicators of impairment were noted in the year. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Other Creditors 977 929 12. MOVEI ME4 NT IN TrUNDS Net movcmeiit in funds At 31.3.25 At 1.4.24 Uiiyesti'icted fndS General fund 102,483 7,637 110,120 Resti'icted funds National Lottery Grant .043 1.043 TOTAL FUNDS 103,526 7,637 111,163 Net Jnoveii)ent in funds, included in the above are as follows: tncoming resources Resources expended Moveinent in funds Unresti4cted fund& General fund 69.457 (61.820) 7,()37 TOI"AL FUNDS 69,457 (61.820) 7.637 Pagell continued...
Leith Communi Centre Association SCIO Notes to the Financial Statemcnts- continued for tFLe Year Ended 31 March 2025 12. MOVEMENT IN FUNDS - continued CompAratives for movement in funds Net Inovement in fuiids At 31.3.24 At 1.4.23 Uni'esti'lcted fund General nd 100,940 1.543 102,483 Ilesti'ieted fuiids National Lottery Grant 2,115 (1,072) 1.043 TOTAL FUNDS 103,055 471 103,526 Compai'ativ¢ net niovemenl iii funds. in¢liided in the aiKJve are as follows: Incoming resourccs Resources expcnded Moven)¢nt in fiinds Uni'esti'icted funds General fuJid 55.521 (53,978) 1,543 Restyicted funds National Lottcry Gi'ant (1,073) (1,072) TOTAL FUNDS 55,522 (55,051) 471 National Lottery Grant - A grant of £9,900 was received from the National IAiilery in September 2021. This wa.s I'eceived to employ a Community Development Worker for a year. A community worker began working in March 2022 as needed and the reniaining balance has been carried fon¥8rd. 13. REI LATLD PARTY DISCLOSURES There were no related party traiisaclioiis for the ycar ended 31 Mar¢h 2025 nor 31 March 2024. Page 12