2025-05-31-accounts - The Veterans Garden Dumfries

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

REGISTERED CHARITY NUMBER: SC048351

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31st May 2025

for

The Veterans Garden Dumfries

Farries Kirk & McVean Dumfries Enterprise Park Heathhall Dumfries DUMFRIESSHIRE DGI1 3SJ

The Veterans Garden Dumfries

Contents of the Financial Statements for the Year Ended 31st May 2025

		Page
Report ofthe Trustees		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Balance Sheet		4
Notes to the Financial Statements	5	to	8
DetailedStatementofFinancialActivities		9

The Veterans Garden Dumfries

Report of the Trustees for the Year Ended 31st May 2025

The trustees present their report with the financial statements of the charity for the year ended 31st May 2025, The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number SC048351

Principal address Crichton Campus Dumfries DUMFRIESSHIRE

Trustees

a Examiner Farries Kirk & McVean Dumfries Enterprise Park Heathhall Dumfries DUMFRIESSHIRE DG1 3SJ

Approved by order ofthe board of trustees on MALLS occ. and signed on its behalf by:

Page |

Independent Examiner's Report to the Trustees of The Veterans Garden Dumfries

I report on the accounts for the year ended 31st May 2025 set out on pages three to eight.

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 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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 view given by the accounts,

Independent examiner's statement

In connection with my examination, no matter has come to my attention :
(1) _ which gives me reasonable cause to believe that, in any material respect, the requirements
. to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding ofthe accounts to be reached.

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries DUMFRIESSHIRE DGI 3S]

Date: venom J VALS...

Page 2

The Veterans Garden Dumfries

Statement of Financial Activities for the Year Ended 31st May 2025

		2025	2024
		Unrestricted	Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		20,050	22,819
EXPENDITURE ON
Raising funds	2	12,549	17,423
NET INCOME		7,501	5,396
RECONCILIATION OF FUNDS
Total funds brought forward		$4,593	49,197
TOTALFUNDSCARRIEDFORWARD		62,094	54,593

The notes form part of these financial statements

Page 3

The Veterans Garden Dumfries

Balance Sheet 31st May 2025

==> picture [482 x 285] intentionally omitted <==

----- Start of picture text -----
||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |Unrestricted|Total| |fund|funds| |Notes|£|£| |FIXED|ASSETS| |Tangible|assets|5|9,585|12,780| |CURRENT|ASSETS| |Cash|at|bank|and|in|hand|$2,509|41,813| |NET|CURRENT ASSETS|52,509|41,813| |TOTAL|ASSETS|LESS|CURRENT|LIABILITIES|62,094|54,593| |NET|ASSETS|62,094|54,593| |FUNDS|6| |Unrestricted|funds|62,094|54,593| |TOTAL|FUNDS|62,094|54,593| |The|financial|statements|were|approved|by|the|Board|of Trustees|and|authorised|for|issue|on iL”|en|ee|and|were| |signed|on|its|behalf by:|

----- End of picture text -----

The notes form part ofthese financial statements

Page 4

The Veterans Garden Dumfries

Notes to the Financial Statements for the Year Ended 31st May 2025

ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement ofFinancial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 25% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion ofthe trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of[each][fund][is][included][in][the][notes][to][the][financial][statements.]

RAISING FUNDS

Raising	donations
		2025	2024
		£	£
Support	costs	12,549	17,423

TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31st May 2025 nor for the year ended 31st May 2024.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31st May 2025 nor for the year ended 31st May 2024.

Page 5

The Veterans Garden Dumfries

	Notes to the Financial Statements - continued	Notes to the Financial Statements - continued
	for the Year Ended 31st	May 2025
4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted
				fund
				£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies			22,819
	EXPENDITURE ON
	Raising funds			17,423
	NETINCOME			5,396
	RECONCILIATION OF FUNDS
	Total funds brought forward			49,197
	TOTAL FUNDS CARRIED FORWARD			54,593
5.	TANGIBLE FIXED ASSETS
				Motor
				vehicles
				£
	COST
	At Ist June 2024			19,195
	Additions			(3,195)
	At 31stMay 2025			16,000
	DEPRECIATION
	At Ist June 2024 and 31stMay 2025			6,415
	NET BOOK VALUE
	At 31stMay 2025			9,585
	At 31stMay 2024			12,780
6.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.6.24	in funds	31.5.25
		£	5	£
	Unrestricted funds
	General fund	54,593	7,501	62,094
	TOTAL FUNDS	54,593	7,501	62,094
	Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
	Unrestricted funds
	General fund	20,050	(12,549)	7,501
	TOTALFUNDS	20,050	(12,549)	7,501

Page 6

The Veterans Garden Dumfries

Notes to the Financial Statements - continued for the Year Ended 31st May 2025

MOVEMENT IN FUNDS- continued

Comparatives for movement in funds

		Net
		movement	At
	At 1.6.23	in funds	31.5.24
	£	£	£
Unrestricted funds
General fund	49,197	5,396	54,593
TOTAL FUNDS	49,197	5,396	54,593
Comparative net movement in funds, included in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	22,819	(17,423)	5,396
TOTAL FUNDS	22,819	(17,423)	5,396
A current year 12 months and prior year 12 months combined position is as	follows:
		Net
		movement	At
	At 1.6.23	in funds	31.5.25
	£	£	£
Unrestricted funds
General fund	49,197	12,897	62,094
TOTALFUNDS	49,197	12,897	62,094

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	42,869	(29,972)	12,897
TOTALFUNDS	42,869	(29,972)	12,897

Page 7

The Veterans Garden Dumfries

Notes to the Financial Statements - continued for the Year Ended 31st May 2025

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st May 2025.

Page 8

The Veterans Garden Dumfries

	Detailed Statement of Financial Activities
	for the Year Ended 31st May 2025
		2025	2024
		i	£
INCOME AND ENDOWMENTS
Donations and legacies Gifts Donations		- 20,050	(1) 22,820
		20,050	22,819
Total incoming resources		20,050	22,819
EXPENDITURE
Support costs
Management
Insurance		660	1,215
Light and heat		2,591	1,212
Sundries		44	300
Motor Expenses		59	3,796
Garden Upkeep & Maintenance		2,986	2,345
Food & Provisions Purchased		1,994	1,150
Awards		1,020	-
Donations Made		-	3,155
Depreciation oftangible and heritage	assets	3,195	4,250
		12,549	17,423
Total resources expended		12,549	17,423
Netincome		7,501	5,396

This page does not form part of the statutory financial statements

Page 9