Lochside Community Association Scottish Charity No SC048400 Annual Report And Financial Statements For the year ended 31st March 2025
Trust Annual Report for the perlod I" April 2024to 31st Marth 2025 Lothside Communlty Assodaiion Chari Truttees StnKtureJ 8ovem•nce and rnana8ernent Lochslde Community Ass(Klatlon Is a Scottth Charitsble incorporated Organisation estsbfished on 23" May 2018. Appolntmert of trustees Trustees are nominated and elected each ar by the membership at the AGM. The trustee5 who served during this peri(xl are set oirt above. Trustee Inductlon and tralnln8 Trustees under80 an orlentation meeting to brlef them on their legal obligatlons under charity law, content of the constttutlon, the committee and decision making processes. the business plan and recent flnanclal perforniarKe of the charity. Trustees are erKouraged to attend appropriate external tralnin8 events Wre the* will facilitste the undertakint of their role. Organlsatk)n A committee of trustees, who meet re8ularty, administers the charity. The trustees have commissioned a local third sector or8anisation to provide a dedlcated projett development worker to mana8e the day to operations of the charlty In Ilne with a work plan and monitorlng reporting requirements as set out and agreed by the trustees. At the trustees meetin8S, the trtee$ agreed a board strategy and aaS of activity for the charity. including consideration of acrNitses, reserves and risk management policles and perforrnance. A scheme of delegation is in place and day to day reswnsibility for the provision of serYlce5 rest wlth the commissioned worker who is responsible fDr ensurin8 that the charity delivers the servlces specified and, as such. resnSibIlity for the day to day operational management of the centre Individual supeNision of the volunteer team and also ensurin8 that the team contwiue to develop their skllls and workin8 prartlces In line with 8ood practlse. Rlsk pollcy The trustees have examined the strategic, business and operntional risks which the charity faces and are satisfied that Wems have been established to mit8ate those risks. includins the establishment of a system of procedu$ for authorisation of all transactxbns and activities, an annual review of the rfsks which the charity may fa and implementstion of aCn designed to minimise ary potential impact on the charity should any risk5 materfalise.
These procedures are perlodicalty to ensure that they still meet the needs of the charity. Obpctlves and artlvft*s The organisatlon's purpose are to improve the corKlitions of life of the resident5 of Loch5ide and ihe wider are of North West Dumfries elector41 ward {heInafter called "the neighbourhood") by providing and maintaining facilities, services and activities for recreatk)n to addnCe:. 4.1 Community spiriL cltlzenship and community development.. 4.2 Health and wellbei 4.3 Education. 4.4 Arts, heritsge and culture 4.5 Public participation In 5POrt; and envlronmental protection and improvemenL Athlevements and perknnaxe We have achieved the tting up and delfvery of a successful Grub Club which feeds local families during school holidays helping to address food hunger and deprivation in the local community. We are a Fareshare subscriber wich enables the or8anisatton to supply food to households In the local community who experience financlal hardship. We have developed the capacity of tFE organtsatlon and trustees to develop and deliver these projetts and help sustain a local community centre for the benefft of the local communrty and other communlty 8roups. Investment polkv Aside from retsining a prudent amount in reserves each year most of the chariV5 funds are to be spent in the short term. so there are no furnls for lon8 temi investment. Reservtt poll¢y It is the policy of the charity to aim to malntaln funds. which are the free reserves of the charity, at a level which equate5 to approxlmately three months uestrIcted expenditure a5 designated funds. Thls provldes suffldent funds to cover revenue costs in the event of significant drop in resources, or to meet ary liabilities should the charity have to wind up. Trustee remunerathn The trustees receive rn mUneratIOn for their services. No expenses were clalmed during the period. The trustees dedare that they have approved the trustee¥ report a1 the report 15 signed on behalf of the Trustees by. Date: 0111212025
Lothside Community Assodation Statement of Recelpts and Payments for the year 1st April 2023 to 31" March 2024 202412025 Unrestricted Funds 202312024 Total Funds 202312024 Total funds Restritted Funds Recelpts 2416.95 27593.(X) 5(K).IX) o. 7017.65 35936.(M) 7364.98 IcK)00.00 Grants Donations Fundraising artlvlties Gross trading recelpts Hall hi income Gross receipts from other Charitable activities Interest Totsl recei 7821.69 17500.00 0.00 7039.(K) 10523.(Kl 0.00 0.00 ts 34632.(Kl 35936.IX) 20523.00 17500.00 Payments Payments relating directly to charitable actlvitie5: Commlssioned work Hall hlre charges Falr share member fee Gas Electrici Insurance Supplies Petty cash Preparation of annual accounts and endent examination ayments 20255.IJ) 28157.88 16211.03 10000.00 1876.80 3462.03 4296.54 1938.40 3462.03 4296.54 1938.40 0.00 3(KX). 3460.00 2500.00 3000.00 3460.00 1454.04 3(K).) 31J).(X) 3(X). 300.(X) Inde Total 30251.97 40031.65 25471.03 18214.04 Surplus / Ideficit}for ear 4381.00 4095.CKI) (4948.03) 1714.04)
Lothslde ConNnunlty Association Statement of balances ft>r the year ended 31° March 2025 Fund5 Reconclllatlon Unrestricted Restricted funds funds Total 202412025 2023n024 cash and bank balance5 at 1st April 2024 Surplus/(deficit) for ear Closing balances as at 31st march 2025 2416.95 7017.65 9524.60 15086.67 11897.68 14314.63 (4095.651 2922.00 (5662.07) 9524.60 17236.63 Bank & Cash Balances 202412025 202312024 Vir in bank 17136.63 9524.60 T(yfAL Other assets (unrestrlcted funds) Equipment-furniture and fittings (no deduction applied for depreciation) 2024/2025 700(M).00 202312024 6(M)(x).00 Approved by the Trustees and si8ned on their behalf by Date 15/11/2025
Notes to the Accounts- for the year ded 31st Marth 2025 l Basis of Accounting These accounts have been prepared on the Receipts & Payments basis in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 las amended) 2 Le8al structure Lochside Community Association became a Scottish Charitsble Incorporated Organisation on 23 may 2018. These accounts relate to 1st April 2024 to 31 March 2025. 3 Nature and purpose of funds Unrestricted funds are those that may be used at the discretion of trustees in furtherance of the objects of the charity. Restricted funds relate to the 8rub club receipts and payments. 4 Comrnlssloned Work The trustees commission an estsNished third sector community development organisation to provide a worker to carry out operational activities on a day to day basis. Funders support this approach. Fundln8 Recelved I" Aprll 2024 to 311t March 2025 Dumfries and Galloway council £20000.00 Third sector £35357.00 Robertsons trust £IOLK)O. Date 1411012025 ABC Bookkeeping and Ptyroll Servlces Ltd