2025-10-31-accounts

Scottish Charity No. SC047890

TULLIBODY COMMUNITY DEVELOPMENT TRUST

REPORT

AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2025

TULLIBODY COMMUNITY DEVELOPMENT TRUST

Contents

	Page
Report of the trustees	1 - 5
Independent Examiner’s report	6
Statement of Financial Activities	7
Balance sheet	8
Notes to the financial statement	9 - 15

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Report of the trustees for the year ended 31[st] October 2025

The trustees have pleasure in presenting their annual report, which incorporates the Strategic Report, and the examined Financial Statements for the period ended 31st October 2025. In preparing this report the Trustees have complied with the Charities and Trustee Investment (Scotland) Act 2005 and applicable accounting standards.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Number SC047890 Principal & Registered Office Tullibody Civic Centre Abercromby Place Tullibody Alloa FK10 2RS Bankers TSB Duncan House Edinburgh EH2 4LH Independent Examiner Robert Taylor CA Bk plus 20 Barnton Street Stirling FK8 1NE

Trustees

The trustees who served from 1 November 2024 are as follows:

J. McGowan (resigned 31 March 2026) L. McKinlay P. Grivell C. Calder D. Wallace F. Murray

1

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Report of the trustees for the year ended 31[st] October 2025

(Continued)

OBJECTIVES AND ACTIVITIES

Tullibody Community Development Trust was constituted 12th September 2017 The Trust can have up to 12 members on its board of Trustees - a Chairperson, Vice-Chairperson, Secretary, Treasurer, and 8 trustees, one of who was co-opted as an associate member. On 3rd November 2017 The Trust gained The Scottish Charitable Incorporated Organisation (SCIO) status.

Membership is open to anyone over the age of 12 years as junior, associate, or ordinary members (only ordinary members have voting rights). We currently have over 500 members. The Trust was established due to the demand from the community to keep our community facilities open after the local Council decided they could not afford to continue to keep them open.

To create a community owned and run space for everyone to use, enjoy and benefit from. The development of the Centre and adjoining green space including the playing fields and park will:

• Promote social inclusion through sport, recreation and education

• Promote healthy living and tackle inequality

• Build social capacity and a sense of place

• Raise community aspiration and opportunity (volunteering, employment etc.)

• Preserve and promote local heritage

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document, Board and Decision Making

TCDT has a constitution which governs its operation. The volunteer board is comprised of 9 volunteer members and meets 12-15 times per annum. The day-to-day management of the centre is delegated to the operations manager who regularly reports directly to the Board.

Trustee Recruitment, Appointment and Training

TCDT aims to recruit trustees from amongst its membership, but the constitution does allow for 2 co-opted trustees either on the basis that he/she has been nominated by a body with which the SCIO has close contact in the course of its activities or on the basis that he/she has specialist experience and/or skills which could be of assistance to the board. We currently have one co-opted trustee.

2

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Report of the trustees for the year ended 31[st] October 2025 (Continued)

ACHIEVEMENTS AND PERFORMANCE

This year our key focus has been on improving our resilience and trying to improve the energy efficiency and fabric of the building and our spaces.

In January we were successful in gaining funding to insulate the roof spaces in the building to address our carbon output and hopefully reduce our energy costs. We upskilled our staff and volunteers by delivering Emergency First Aid at Work and Food Hygiene training courses.

Facilities

• We completed the final tasks involved in our new astro green playing area which was formerly the old bowing green.

• We increased our range of activities and classes at the request of our users to include a very popular line dancing class, a range of table tennis sessions from recreational to competitive regional level and the new popular sport of pickleball.

• We carried out a Feasibility Study to look at adapting the building to make it more accessible and inclusive with a link into our Heritage Centre and new accessible toilet facilities. The plans were well received by the community and we’re looking to secure funding to make the vision a reality.

• Our partnership working continued to enable us to reach out to more vulnerable individuals and groups in our community including our newest partners the local Parkinson's Association to deliver group activities for their service users. We continue to work with our local Citizens Advice Bureau and Social Security Scotland to provide outreach services to support our local community, especially those experiencing financial problems and fuel poverty.

• We actively recruit and support our volunteers to deliver social events including our monthly tea dances, weekly potluck lunches and monthly carers lunches.

FINANCIAL REVIEW

The Trusts income in the year 2024/2025 came from donations, operating income and grants.

The Trust’s operating income was made up of lets of the Tullibody Civic Centre function room, meeting rooms, sports facilities and changing rooms as well providing catering for a limited number of bookings.

Income from lets has increased from the previous year as the centre continues to attract new users and benefitted from the temporary closure of other venues such as the Peak.

The expenditure over the year consisted of operating expenses, mostly building repairs, staff and utility costs. These costs were covered through operating income and grants raised. Utility costs continue to ease but still are the main expenditure after staff costs. The income from lets covers these costs, leaving a small surplus to be invested in the centre.

3

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Report of the trustees for the year ended 31[st] October 2025 (Continued)

STATEMENT OF THE CHARITY’S POLICY ON RESERVES

The main activity of the Trust is to keep the Civic Centre open, as such we endeavour to hold enough reserves to cover 3 months of operational expenses plus an allowance for unexpected repairs, amounting to £30,000. The reserves are currently higher than this which provides scope for investment in the centre’s future development plans.

FUTURE PLANS

Our priority will be seeking capital funding for the redevelopment of the reception and heritage centre areas following on from the Feasibility Study report. We’ll also be researching possible funding streams to continue our resilience aims to improve the fabric and carbon footprint of the building. Finally we will be looking at funding to increase our staffing levels.

4

TULLIBODY COMMUNTIY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Report of the trustees for the year ended 31st October 2025 (Continued)

TRUSTEES’ RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland 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, including the income and expenditure, of the charity for the year. In preparing these financial statements, the trustees are required to:

• Select suitable accounting policies and then apply them consistently;

• Observe the methods and principles in the Charities SORP 2015 (FRS102);

• Make judgements and estimates that are reasonable and prudent;

• State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

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 and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity’s constitution. They 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.

Approved by the Board Trustees and signed on its behalf by:

David Wallace (Jun 30, 2026 18:43:34 GMT+1)

David Wallace Trustee 30 June 2026

5

TULLIBODY COMMUNITY DEVELOPMENT TRUST Independent Examiner’s Report to the Trustees of Tullibody Community Development Trust for the year ended 31[st] October 2025

I report on the accounts of the charity for the period ended 31 October 2025 which are set out on pages 7 to 8.

Respective responsibilities of Trustees and examiner

The charity’s Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity Trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented in those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently I do not express an audit opinion on the financial statements.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention

1. which gives me reasonable cause to believe that in any material respect the requirements:

2. to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

3. to prepare financial statements which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations

have not been met, or

1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

I do not, in giving this report, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or in whose hands it may come, save where expressly agreed by my prior consent in writing.

Robert Taylor CA Bk plus 20 Barnton Street Stirling FK8 1NE 30 June 2026

6

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Statement of Financial Activities (including income and expenditure account) for the year ended 31st October 2025

Note Income: Grant Funding 2 Café Sales Hire Income Other Income 3 Total Expenditure: Charitable activities Direct Costs Governance Costs 4 Total Net incoming resources before transfers Transfer between funds Net incoming resources Balances brought forward at 1st November 2024 Balances carried forward at 31st October 2025 12	Restricted Funds £ Unrestricted Funds £ 2025 Total Funds £ 2024 Total Funds £ 36,968 - 36,968 38,655 - 2,418 2,418 18,691 - 93,860 93,860 83,668 - 2,652 2,652 2,800
	36,968 98,930 135,898 143,814
	(35,255) - - (85,022) (1,164) (1,860) (120,277) (1,164) (1,860) (113,336) (20,639) (1,860)
	(35,255) (88,046) (123,301) (135,835)
	1,713 10,884 12,597 7,979 (15,488) 15,488 - -
	(13,775) 26,372 12,597 7,979 688,642 68,091 756,733 748,754
	674,867 94,463 769,330 756,733

The notes on pages 9 to 15 form part of these financial statements.

7

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Balance sheet as at 31[st] October 2025

Notes Fixed assets Tangible fixed assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Net assets Funds Restricted income funds 12 Unrestricted funds 12 Total charity funds	2025 £ £ 653,488 4,672 120,983 125,655 (9,813) 115,842 769,330 674,867 94,463 769,330	2024 £ 667,685 3,230 93,566 96,796 (7,748) 89,048 756,733 688,642 68,091 756,733	2024 £ 667,685 3,230 93,566 96,796 (7,748) 89,048 756,733 688,642 68,091 756,733
			756,733
			688,642 68,091
			756,733

Approved by the board of trustees on 30 June 2026 and signed on their behalf by:

~~___~~ Philip Grivell (Jun 30, 2026 17:37:15 GMT+1) ___

P Grivell (Trustee)

Charity Number SC047890

The notes on pages 9 to 15 form part of these financial statements.

8

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Notes to the financial statements for the year ended 31st October 2025

1. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and The Charities Accounts (Scotland) Regulations 2006.

Tullibody Community Development Trust constitutes a public benefit entity as defined by FRS 102.

Assessment of going concern

The Trustees are of the opinion that sufficient funding is in place to cover their planned activities for 2025/26 and beyond. It is the considered opinion of the trustees that the charity has in place a business model which will enable it to continue to operate for at least a period of 12 months from the approval date of these financial statements. As a result, the going concern basis of accounting has been adopted.

Incoming resources

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 income receivable can be measured reliably.

Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is classified under the following activity headings:

• Direct costs – these comprise the costs involved in organising specific income streams such as café costs and room hire costs.

• Charitable activities – these include the costs of activities undertaken to further the purposes of the charity and their associated support costs.

Operating leases

Rentals payable under operating leases are charged against income on a straight-line basis over the lease term.

Pensions

The charity makes contributions to personal pensions for staff who have not opted out. These pensions are defined contribution in nature and the charity contributions are accounted for by recognising amounts payable in the period in the statement of financial activities.

9

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Notes to the financial statements for the year ended 31st October 2025 (continued)

1. Accounting policies (continued)

Tangible fixed assets

The cost of tangible fixed assets is their purchase cost or, if gifted, their value at the date of gift.

Depreciation

Depreciation is provided on fixed assets to write off the cost, less the estimated residual value, of each asset over the period of its estimated useful life, as follows:

Plant and Machinery 25% Straight-line Fixtures, Fittings and Equipment 25% Straight-line Buildings 2% Straight-line

Debtors

Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any discounts due.

Cash at bank and in hand

Cash at bank and in hand to meet day to day running costs of the charity as they fall due. Cash equivalents are short term, highly liquid instruments, usually in 90 day notice interest bearing savings account.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.

Donated Goods and Services

Donated goods and services are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.

On receipt, donated goods and serviced are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain the services on the open market, a corresponding amount is then recognised in expenditure in the period of the receipt.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently remeasured at their settlement value.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

10

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Notes to the financial statements for the year ended 31st October 2025

(continued)

2. Grants Received

National Lottery Community Fund Clackmannanshire Council Co-op Community Clackmannanshire Council CIC Others 3. Other Income Other Donations Other Revenue	Unrestricted Funds Restricted Funds 2025 Total 2024 Total £ £ £ £ - 29,715 29,715 26,455 - - - - 1,773 4,980 - 1,773 4,980 8,850 - - - 500 500 3,350
	- 36,968 36,968 38,655
	Unrestricted Funds Restricted Funds 2025 Total 2024 Total £ £ £ £ 959 - 959 1,956 1,693 - 1,693 844
	2,652 - 2,652 2,800

4.

Analysis of expenditure

Charitable Activities Legal and professional fees Cleaning Insurance Light, power and heating Operating lease payments Printing and stationery Repairs and maintenance Salaries Instructor Costs Pension costs Telephone and internet Gardening expenses Depreciation Other Governance Costs Independent examiner Direct Expenses Cost of goods sold Direct Wages	Unrestricted Funds Restricted Funds 2025 Total 2024 Total £ £ £ £ 3,211 4,990 8,201 1,674 2,124 - 2,124 1,452 1,881 - 1,881 1,774 28,198 - 28,198 38,925 - - - 846 224 - 224 236 15,213 1,023 16,236 14,902 11,486 27,229 38,715 28,047 - - - 791 - 2,013 2,013 2,499 993 - 993 953 109 - 109 82 18,565 - 18,565 18,785 3,018 - 3,018 2,370
	85,022 35,255 120,277 113,336
	1,860 - 1,860 1,860
	1,860 - 1,860 1,860
	1,164 - 1,164 6,974 - - - 13,665
	1,164 - 1,164 20,639

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TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Notes to the financial statements for the period ended 31st October 2025 (continued)

5. Operating surplus The operating surplus is stated after charging:- Depreciation Operating lease rentals	2025 £ 2024 £ 18,565 18,785 - 846

6. Wages and Salaries

A summary of the wages costs for the charity’s employees is shown below: -

Aggregate gross wages and salaries paid to employees Other pension costs Number of Employees	2025 £ 38,715 2,013 40,728	2024 £ 41,712 2,499
		44,211
		8

The average number of employees during the period was 2 (2024: 2).

No employee received remuneration in excess of £60,000.

No Trustee received any remuneration during the period.

7. Tangible fixed assets

Cost At 1stNovember 2024 Additions Disposals At 31 October 2025 Depreciation At 1stNovember 2024 Charge for the period On disposals At 31 October 2025 Net book value At 31 October 2025 At 31stOctober 2024	Fixtures, Fittings & Equipment £ Plant & Machinery £ Buildings & MUGA £ Total £ 734 18,099 703,906 722,739 871 3,497 - 4,368 - - - -
	1,605 21,596 703,906 727,107
	682 9,156 45,216 55,054 272 4,215 14,078 18,565 - - -
	954 13,371 59,294 73,619
	651 8,225 644,612 653,488
	52 8,943 658,690 667,685

12

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation

Notes to the financial statements for the year ended 31st October 2025 (continued)

8. Debtors

Debtors
Debtors Prepayments	2025 £ 3,167 1,505 4,672	2024 £ 1,790 1,440
		3,230

9. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
	2025	2024
	£	£
Accruals & Deferred income	9,813	7,748

10. Capital Commitments

The charity has capital commitments at the 31st March 2025 of £10,270 (2024: £Nil).

11. Analysis of net assets between funds

1. Analysis of net assets between funds
Fixed assets Current assets Debtors Cash at bank and in hand Current liabilities Net current assets Net Assets/Funds	2025 2024 Restricted Unrestricted Total Funds Total Funds £ £ £ £ 644,612 8,876 653,488 667,685
	- 4,672 4,672 3,230 30,255 90,728 120,983 93,566
	30,255 95,400 125,655 96,796 - (9,813) (9,813) (7,748)
	30,255 85,587 115,842 89,048
	674,867 94,463 769,330 756,733

13

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation Notes to the financial statements for the year ended 31st October 2025 (continued)

12. Fund Reconciliation Unrestricted funds General funds Restricted funds National Lottery Scottish land fund Capital Clackmannanshire council Clackmannanshire council – MUGA Pitch Project History Group Fund Clackmannanshire council – CIC Co-op Community Other grants	At 1st November 2024 Income Expenditure Transfer At 31st October 2025 £ £ £ £ £ 68,091 98,930 (88,046) 15,488 94,463
	68,091 98,930 (88,046) 15,488 94,463
	17,270 29,715 (29,242) - 17,743 266,025 - - - 266,025 226,167 - - (10,680) 215,487 166,498 - - (3,398) 163,100 4,400 - - - 4,400 - 4,980 (4,990) 10 - - 1,773 - - 1,773 8,282 500 (1,023) (1,420) 6,339
	688,642 36,968 (35,255) (15,488) 674,867
	756,733 135,898 (123,301) - 769,330

14

TULLIBODY COMMUNITY DEVELOPMENT TRUST Scottish Charitable Incorporated Organisation Notes to the financial statements for the year ended 31st October 2025 (continued)

12. Fund Reconciliation (continued) Purposes of restricted funds -

Scottish Land Fund

Grants received were to help with the purchase of Tullibody Community Centre, legal fees associated with purchasing the building, Health and Safety, repairs and the cost of employing a facilities co-ordinator.

On-going grants received toward employing coordinator and running costs of the Centre.

Clackmannanshire Council

The acquisition of the centre from Clackmannanshire Council includes a clawback period which restricts the use of the site, a breach of any agreed terms could result in re payment of £306,475. The fund balance along with the original grant from Scottish Land fund are presented as the net book value of the centre building.

Clackmannanshire Council – MUGA Pitch Project

This grant represents the funding contribution to the redevelopment of the bowling green to the new multi-purpose pitch. The funding includes a clawback period which restricts use for at least 10 years.

History Group

The Tullibody History Group agreed to dissolve, surrender their charity status and transfer all assets to TCDT. They continue to operate as a sub-group of TCDT and as such the assets they transferred to TCDT are exclusively for their use.

Other grant funding

Individual grants from external organisations restricted for certain purposes.

15

TCDT ACCOUNTS 2025

Final Audit Report	Final Audit Report		2026-06-30
	Created:	2026-06-30
	By:	Robert Taylor ([e-mail])
	Status:	Signed
	Transaction ID:	CBJCHBCAABAAP3jHFqpDrgnZDcQ_ov4bCLI2rMz6OEB-

"TCDT ACCOUNTS 2025" History

Document created by Robert Taylor ([e-mail]) 2026-06-30 - 2:49:31 PM GMT Document emailed to David Wallace ([e-mail]) for signature 2026-06-30 - 2:49:37 PM GMT Document emailed to Philip Grivell ([e-mail]) for signature 2026-06-30 - 2:49:37 PM GMT Document emailed to Robert Taylor ([e-mail]) for signature 2026-06-30 - 2:49:37 PM GMT Email viewed by Robert Taylor ([e-mail]) 2026-06-30 - 2:50:12 PM GMT Document e-signed by Robert Taylor ([e-mail]) Signature Date: 2026-06-30 - 2:50:38 PM GMT - Time Source: server - Signature Appearance Selected: IMAGE Email viewed by Philip Grivell ([e-mail]) 2026-06-30 - 4:36:58 PM GMT Document e-signed by Philip Grivell ([e-mail]) Signature Date: 2026-06-30 - 4:37:15 PM GMT - Time Source: server - Signature Appearance Selected: DRAW Email viewed by David Wallace ([e-mail]) 2026-06-30 - 5:41:04 PM GMT Document e-signed by David Wallace ([e-mail]) Signature Date: 2026-06-30 - 5:43:34 PM GMT - Time Source: server - Signature Appearance Selected: MOBILE_DRAW Agreement completed. 2026-06-30 - 5:43:34 PM GMT