TOUCH TRUST SC048217 ANNUAL REPORTS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 CONTENTS Page Trustess's Report 3to7 Independent Examlnerfs Report Receipts and Payments Account Statement of Balances 11 Notes to the Financlal Ststements 12to15 TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial statements of the charity for the year ended 31st De￿rnber 2024 The financial ststements have ben prepared in accordan￿ vrith the accounting policies set out in note 1 to the financial ststements and comply with the Charitys goveming document, the Charities and Trustee Investrnent Iscodand) 2005, the Charities Accounts (Sco￿and) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to tharities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK arKJ Republic of Ireland (FRS102), effective 1 January 2019. Obloctives and Actlvlties Touch Trust exists to reduce povety. improvè mentsl health, and strengthen community wellbeing In Dunfermline and the Su￿ound1ng areas. We do this by alleviating wvety through access to practical support and opportunities that improve financial security,. promoting positive mental health through community-based initiatives and peer support" building community wealth by creating volunteering, skills development. and local enterprise opportunities; and strengthenlng communtty resilience by providing inclusive spaces. relevanl support and activities that bring people logelher, reduc8 Isolation. arKI foster mutual support. Achl•vomonts and Perfom)ane• This has been a year of swJnificant progress and consolidation for Touch Trust, rna￿8d by increased investrnent, growth in services, and improved support for our community. One of the most important developments VRS a significant increase in funding compared with the prewous year. which has all¢Jwed us to strengthen our financial position and invest in new services and infrastructure. This has given the tharlty greatsr stabilty and the capacity to plan with confidenc8 for the years ahead. A major achiev8rnent was the launch of our Out of Sthool programme, created in direct response to a clear gap in local provision. This service is already proving io be highly valued by families. addressing both childcare needs and children's wellbeing. Importandy, it also establishes a sustainable income stream, reducing relianc8 on grant furKJing and increasing the charity's long- term resili8nce. We also t¢)ok steps to consolrdate our core serrf1￿, ensuring that resour￿ are targeted effectivety where they are needed most. Along￿de this. we V￿rked to expand and deepen our partn8rship networks, collaborating ￿1h local schools, health prowders. third sector organis8tions, and statutory services. These partnerships have strengthened referral pathways. avoided duplication. and irtcreased the overall reach and effectiveness of our work. The charity has seen a steady increase in footfall to our ujmmunity building, with services better attended and a more vibrdnt community hub atmosphefe developing. This reflects the gro￿ng recognition of Touch Trust as a safe and welcoming Spa￿ where people can access practical support, social connection. and wellbein9 aclivibes. Our food provision model rede￿gned. moving from an open pantry to a referral-based system. This difficult but necessary change ensures the service remains financially sustainable vthile targeting those in greatest need. Despite the shify demand has remained strong. and the service continues to provide a vital safety net for households experiencing hardship. Significant investment was also made in the charTVs infrastruclure. We completed essential security and building upgrades to protect ¢)ur staff. volunteers, and service users, ensuring th8 pr8mises are frt for purpose. In addition. we purchased a (x)mmunity minibus. which has already widened participation in our programmes by reducing transpNt baffiers. especially for families and indivlduals who would otherwise struggle to engagé. Beyond these tangible improvements, the year has been one of renewed energy and Communty engag8manl. Volunteers have played a bigger rol8 than ever, contributing time, skills, and Iiv8d experiencè to strengthen our seNI￿S. The charity has also placed a greater emphasis on mental health and wellbeing initiatives. recognising the ongoing thallenges facad by many in the aftermath of the pandemic and the cost-of4iving crisis. Overall, this has b88n a y8ar of grovth, renewal, and ImpacL T<)uch Trust has be¢omè more financially secure. more visible within the Communty. and better equipp8d to deliver on its mission of tackling povety, improving mental health, and building rx)mmunity wealth. The progress achieved lays strong foundations for further development. ensuring that Tt)uch Trust continues to be a vital anchor for the Dunfennlinè community in the years ahead. TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustess present their annual reFK*I and financial statem8nts of the charity for the year ended 31 st December 2024 Financial Review A Surplus of £10,417 arose during ts year {2023- defrit of £13.844) Reservos Pollcy The Trustees have agreed that the charity shoukl hold reserves equal io ￿Und ihree months of (x)re running Gosts.This provid88 a financial safeguard lo cover essential gxpgnses and gives time to secure new furmjing rf In￿)rne falls. Structure, governance and manag•m•nt The charity Is In the fom of a Trust Deed vthlch ¥Yas incorporated on 18th march 2018 Reference and Administrativo Inforniallon: The trustess who served during ts swr arKI up to the date of signature of the financAal statèments were: Nam• Ro Dats Appolnt•d Charlty Namo Touch Trust Charlty Numbar SC048217 Contact Addr•ss TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Recruitment and Appointrnent of Trustses: Investment Pollcy: Th8 Pri￿1paI funding sources COntin￿d to b8 that of grants and donations. During the year the charity received below donalions arKI grants from: Donations.. IndNidual Donations Private Donations £ 20.685 £ 10,262 £ 30.947 Grants: Frfe Coun¢il Postcode Lottery Church of ScotlarKI Fife Presbyiery Camegie Trust Winners Chapel FORTA £ 24,780 £ 18,000 £ 16,396 £ 10,000 1.345 31M) 21x1 £ 71.022 £ 101.969 Rlsk Management: The management committee have CA)nducted a review of major risks to which charity is exposed. Where appropriate, systems or procedures have been established to mitigate th8 risks that charity faces. Internal control risks are minimised by th eimplementation of the procedures for authorisallon of all transcations and projects. Proc&Jures are in ptace to ensure compliance with health and safety of all children. These procedures are peri¢)Jicalty revIev￿1 to ensure that they continu8 to meet the needs of the charity. and the Scottish Soaal Service Council. TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 statement of Trustoes Responsibilities: The trustees are responsible for FryarirKJ ttle Trustess report and the finanrAal statements In a(xordance with ap￿Icable law and United Kingdom Accounting sta￿lards (United Kirydom G8nerally Accepted Accounting Practice) The law applicable lo charlties in Scntland requires the trusiees to prepare financAal statements for each financial y8ar which give a true and fair view of the stsle of affairs of the charlty and of the incoming resources and applicauon of re50urc8s of the chanty for that y8ar. In prèparing these financial ststements. thè trustees ar8 required to.. Solect suitable accounting policies and then apply them cortslstontty. Observe the methc*Ys and prin￿paYS in the charities SORP. Make judgemenls and estimates that are reasonable and prud8nt. State bthether 8PFdtstAe accx)untiTrJ Standards have ￿en followed. subject to any materlal departures dlsdos&l and explained In the financial statements: and Prepare the financial statements on the going concem basis unl8SS it is Inappropriate to presume that tho Charity V*ill continue in opeTrtion. The trustee5' report was approv￿ by the Board of Trustees. INDEPENDENT EXAMINERS REPORT I rewrt on the finan(aal statements of the charity of the year ended 31st December 2024 are set out in this document. Respectlve responslbllltles of trustees and examiner The chativs trustees ar8 responsible for preparation of the financial statements in accordance with the temis of Charities and Truslee Investments {Scolland) Act 2005 and the Charities AC￿unIS (Scotland) Regulatlons 2006. The d￿rty'S trustees consider that the audit requirernenl of Regulation 10{11 (a) to Id) of the 2006 Ac£ounts Regulation dc*s not apply. It is my responsibilly to 8xamine the financial statements as required under section 44{1 of the act and state whether malters have come to my attention. BaslB of Independent examlnerJ slatsment My examinab'on is carried out in accordance vAth r8guattion 11 of the 20(￿ A￿)Unts RegUlati￿s. An 8xamlnallon Includes a review of th8 accounting records kept by the charity and a comparison of the financial statements presented V4ith those records. It also indudes consideralton of any unusual items or disdosures in the fmancial statements and seeks explanation from the trust888 concerning any such matter5. The procedures undertaken do not Fyovode all the e￿dence that would be required in an audit and ¢onsequenlly I do r￿t express an audtl opinion on the view grven by the financial statsments. Independent examlnors qualTrfied statement All accounting rec¥)rds and pTactices ar8 in good order. RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Rostricted Funds Funds 2023 2023 Funds 2024 Funds Total 2024 T¢)tal 2023 2024 INCOME FR Donations and legaciès 2 101.969 Charitable activites 20.266 Other income 14.702 101. 74.187 74.187 14.702 Total Receipts 136,937 136.937 74,187 74,187 PAYMENTS Charitable actiwtles 126.590 126.wj 88,031 Total Payments 126.59) 126. 88.031 Net Recelpts 10,347 10,347 74187 (13.8441 STATEMENTS OF BALANCES FOR THE YEARENDED 31 DECEMBER 2024 UrYeBtricted Rostrldod Funds Funds 2024 2024 Total 2024 T¢)tal 2023 Bank and deposlt balanc•s Bank and deposit balances brought loTh¥ard Receipts l (Payment) in year Bank and d•po8lt balances earrfad forward 15,516 10,417 25,933 40.255 (10.8961 29,359 10,417 39,TT6 Llabllltles PrEvale loan 3.000 Totsl LIabIllt￿• STATEMENTS OF BALANCES FOR THE YEAR ENDED 31 DECEMBER 2024 Assets Balan(* of 8qUIp￿nt 3000 The accounts were apr￿0Ved by the Manag8ff*nt Commrttee on . NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l Accountlng Policies 1.1 Going Concern Acownling Policy The accounts are prepared on a receipts and Pa￿nent basis, at the year-8nd liabilities exceeded money held in the bank. 1.2 Charftable Funds Unrestricted funds are available for use at the discretson of the trust8ss In furterance of their charitable objectives. 1.3 Income Income is recognlsed vAwn the charity is legalty 8ntrtled to rt after any perfonnance conditions have been met. th8 amounts can b8 measured reltably. and It Is probable that in¢om8 VAII b8 recelved. Cash donatlons are recognised on recelpt. Other donations are recognis8d once ihe charity has been notifwl of the donation unless performance cx)ndltions require deferral of the amount. Income tsx recoverable in relation to donatlons received under Grfl Aid or deeds of covenant is recognised at the time of th8 donation. 1.4 Fixed Asset Investments Fixed asset investment ara inltially measured at transaction prlce exdudlng Iranscation costs and ar8 sunsequ8ntly measured at fair value at each reporting date. Changes in fair value are recoJnis8d in net incom8 1 (exp8nditure) for the year. Transactk)ns costs ar8 expenw as incurred. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 Accountlng Policies 1.1 Going Concern Accounting Pollcy The ac£ounts are prepared on a receipts and pa￿nent basi8, at the year-end liabilities exceeded monèy held in the bank. 1.2 Charftable Funds Unrestricted funds are available for use at the discretion of the trustess in furterance of their charitable objectives. Faed asset are inilially measured at transactlon price exduding 1rn6cat￿ costs aThJ are sunsequently mèasured at fair valuè at each reporting date. •r• r*lr r•porttn• d•t•. J•••44b• faif valuo at• recoqrtis inrt8 Income y8ar. Transactions costs are expenses as incurred. /d-flrfrt