8CIO r•gl•trntion number SC048909 IScoll•nd) GLÉNBARR COMMUNITY DEVELOPMENT A&8OCIATION ANNUAL REPORT ANO FINANCIAL 8YATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trn$t (Appinted 27 November 20241 (Apwnted 25 September 20241 8•¢r•tsry Ch•rfty number ISGa¢l•nd) SC048909 R•gl•ter•d office Audltor liam DUnn 4 Co (Authll Lld Ellersl&y Hou 30 Mi118r Road Ayr Ayrshire KA7 2AY B•nk•rn Tritx105 Bank Deanery Road Br( 8S1 SAS Mrgin Money 117 Bothwell Slre•t Gkisgow G2 7ER United Trust Bank Ropemaker Street London EC2Y 9AW
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION CONTENTS Page Trustee's port Stalemont of trust88's responsibl118S In¢Jep8nd8nl auditor's report 8-10 Statemènt of flnanual activiti85 Balance sheet 12 Statement of cash flows 13 Note8 to the financlal statsments 14-25
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Tho Truslees of Glenbarr Cornmunity Development Association {GCDA) are pleased lo present tr1[ anrnual pOrt for the year ending 31 December 2024. This report provides an ovemèw of the ¢harfty's activities, achievements, and financAal performance throughout the year, in line with its objectives of wpp)iting SUStainabl• commun dovaloprnent and environmgntol pml8Ction in the Gl8nbarr a#. GCDA wa5 established to manage and distn.bute community instment fvnd$ from renewable energy source5, ensuring that the Glenbarr ¢ornmunity benefrts from the Iccal wind farm al Au¢h8dadui8. As per the Community Distribution AgreemeTrl (April 2021), on6-IhiTd of tho profits generated by Fyne Ener9y'S turbines are allocated to support iniiiativ&s that address local prioiitses. The Associatlon. regislered as a Scollish Charitable Inco)rated Organisalion ISCIOI on 13 December 2018, 1$ governed by a Jingl¢-Il•r structure where trusl&es abo seNe as membeR of the ¢harity. The financial slalements have been pPared in accoTdan¢• with thg accounting poliLyg9 oul in nol8 1 to the financ4al $18tements alld Comply wlh the charity's constilulion, the Charities and Tru51ee Invegtsnent Iscouand) Act 2005, the ChBriti8s A¢Unts IScotkqNII Regulatlons 20C6 las amerK18dl and "Accounting Reporting by CharitEs.' Stalernenl of Recommended Practice appli¢able lo charitses preparing their accounts in accordan¢e wf(h the Finanoal Reportiny Stsndard applicable in the UK and Repul1¢ of Iroland {FRS 1021" leffe¢tive 1 January 2019). Objective¥ anrl aetlvltl•s GCDA exists lo advan comrnunty dev8bpment and enwronmenlal con5eNation Ilyough a range of straleglc inilialives. The organisalion is committed lo ensuring long-term bgnefil$ for resident3 by frxusing on sustainable developrnènt, promoting social inclusion, and onhanciThJ IoGal infra81ructurs and services. Specificalty, th• charity works IvNards.' Enhancing the sustainability and rtrsilion¢e of Ihe Glenbarr communlty by supporltng local servS¢ès and infr8structuro PTOjBd$. Encouraging putlic engagement In the planning ard decSsloTrmaking PToce55es lated to communty reyeneralitjn. Delwering projects that focu8 on Swal welfgrg, employmont, 9nwronmenlal proteclion, and ovorau eommunity w&llb8ing. The deslgnated goographical fooJ5 of GCDA includes PA29 6UT, PA29 6XD, PA29 6UX, and PA29 6UZ, covering areas from Killegruer in the south to South Mua5de Farm in the north, exitrnding west to the shore and oast to Amicle. The trust80s have pwd due regard to guidance issued by thg OSCR in deLYding wlwt the charrty Should undertake.
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlev•mgnts and performanco ThfoughoLrt 2024, GCDA has remained cornmltted to Its stsalegic goals. undertaking Seve1 key projects and Inltiative5 Ihal have 8ignifi¢antty contributed lo community development. This year hos been parb"¢ularty nolablg for the expansion of 30cial inilialive$, environmental resloralion efforts, and infrastN¢tur¢ improvgmenls. Community Engag•munt & Events One of the cornerstones of GCDA'S work continues lo be f051eiing a strong and indusive Gommunily Spir The Brew and eigth•r initiative h85 grown in popularity, providing a wdenming space f¢r social interaction and communty $upporL Attendance has in¢4$ed notably, peaking al 34 partiapants. includillg schoolchildr8n and rn8mtéTS of the caravan community during the summer months. GCDAS annual Bonfire Night was successfully relocated to Dal an Dule field, allowing for a more controlled and securn èn¥ironrnenl. Enhancad safety measures were inlroducad, includirig the provision of high-visibilty iackets for voluntèèrs, fitsl aid kts, and a fir¥ blanket. The Chrl•tma$ Communlty Event conllnugd Ihis year wilh * tractor parndg and Santa vlslt to ensure an anjoyable experience for all attendees with caterin9 sourced exlemaly. Additionally, first Eid training courses were introduced, marking the beginning of a Irmg-term to t1evelop a local Flrst R•sponder nelwork. CommuniGations Mang$m•nt 2024 saw significant developmgnts in how GCDA munIcateS with and engagès its rxjmmunity and willer stakeholders. A key nile5tone was thè r•d8sign and relaun¢h of the GCDA website, making il more user-triendly and accessible to both members and the publio The new website 3erves a$ a hub for updates on ongoing proi8Cts, g¢vemance malter$, and nt announcemelll8, pnhancing transparency and acrAssibility. In tandom with thè websita launch, soclal mÈdla aellvlty Incrgas•d substanOI1Y. The as50cialion focused on strengthening both inlemal communlcatlon channels Ilor members and local ie5identsl and extemal outr*a¢h to wider audiences interested in community-led development. Engagemenl across platforms 9rew significandy, helping 1¢ di586rninat8 koy infomiation MO effectivoly and broaden community partiapation. Olhgr nolabl8 association dgvelopmènt activities induded the implem8nlatlon of a structured Gommunlcatlons plan to ensufft regular updates on projects and initiatives, a5 well as improvements in mtmb&rship engagement strategies, leading to higher levels of communty involvement in events •nd ¢onsuttations.
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEE'S REPORT (CONTINUED) FOR ThIE YEAR ENDED 31 DECEMBER 2024 Major ProJo¢t DÈvelopmBnts Community Hub Developrnent A major focu8 for 2024 ha6 bèèn the progression of the Gl•nborr Communlty Hub, a planned muttkfunclional farylily that will sèrv8 as a central galhering plac for r8sldent5. Key development work started this y1 fDllowing ihe appoinlmerit of a dedioled project development manager in September. Preparation work was undertaken this year for the launch of an archltectural de9ign ¢omp•tltlon, eKtensThB communlty consultatlons, a ¥its •pprai8al proc•ss to determine the most suitable location for tha hub. Woodlan(I IA•nagom•nt and Envlronmentsl Restoratlon The managempTrt of the community woodland at Dal an Duie remain$ a priority, with significant offorts direct8d towards cons8rvalion and biodiversity enhancom•nt. In 2024, GCDA carrieil out extensive dry stone wall rèstoration work and continued ils prograrnrne of Inv#$lve spÈclgs wgmoval, particularly larg8tlng rhododendron ponlicuum an¢ Japanese knotsweed. A(kJilionally, suTh•ys focu•lng on archaeology- local bird, bat. and badger populatitsns and bageline vegetation were completed, conlribuling valuable data to infom fvlurg management plans. A Felling Ll¢on¢• Application Yrds 8ubmltted to Scottlsh Forestry InAugUSt. marking an important step In the long" lerm woodland vnanagement plan. Ilag9 Enhancement Plan Work ha5 cornrnenced in t1eveloping a comprehenstve Vlllag? Enhancement Plan, with efforts foGu5ed on improving p&Jestrian aCCeibIlity and safety. managing ttaffi¢ $peed, upgrading pljblic recyding facilities, and enhancing thg OV8rall aestheti¢ Appeal of the village. Planning and mapping oxercises hav• b•en Conducted to inforrn th8 impièmanlation phase in 2025- 2026. Housing Efficlenw and Empty Homets Inlllatlvg In partnership with Hom• En•rgy Scotland, GCDA has referred 27 hoy$•holds for insu(lOn grants. Of thès•. thre• hav• ¢omplotèd the process. whil& 18 rèmln at varfou5 5tage5 Within thè programmè. The project continues to explore the feasibilty of integrating heal pumps and solar energy solutions into the community's hDuslno stod£. Clan MA¢•li8ter Charitabh Tru8t {CMCTI Land & Hgritag• Con88r¥atlon GCDA contiThJes to work alongside the CMCT lo improve the communlty access and amenty value or targeted area5 of the estat8 until longer terrn decisions are made. This woth fomis part of a formal Lin¢* Agwm•nt with the Clan Macalistsr CrItable Trust, ensuring GCDA has the necessary p¢rrnission6 to undèrtake kay imprgvement works on Ihgir land. Enhan¢em¢nls to community footp•thg and st•ps have been undertgken during 2024, improving accassibility and saf8ty. Insplrad by the Scottish HislDric BU11ngS Trust national Doo¢ot awareness raising campaign launGh and incTea$lng local inl¢rest in the Glenb8rr D(K)cot. the GCDA comml$sioned SHBT to carry out a Fèasibility Study for tho Stsbilisalion. Restoration or Developmant of the Doocol. The rasults will be considered during 2Q25.
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanelal r•vi8w The financi81 position of GCDA rernainad stable throughout 2024, wlth the organisation malnlalnbng a prtjdent approach to expendltur8 while ensuring that fijnds were allocated effectNety lo support its slialegic objeBtNe$. Income GCDA'Y primary source of incom8 during 224 continued to ba Gift Aid r¢¢8lv•d from Fyng engryy Llmlt•d. amounting to £SOO.OOLI. Addrtlonalty, Investrnont Incorne from rnsaTh8s held in vjrious savings accounts gènèratsd £35,795, ensuring th¢ tharity maximised relum5 ¢Jn available funds while maintaining liquidity for operalional needs. Exp•ndllur• ExperNJiture fDr Ihg yegr r8fiected the organisation'$ commitmenl to deliverlng key profvcts, with funds allo¢•le across varK)u$ strategic initiatives, including Ihe Communlty Hub development. tho Mllag• Enhancement Plan, tho Housghold Improv¢mènt Programme, Wloodland l*lanagamont efforts and Community Soclal and Lrning Events programmè. A total of £107.469 was spent on prolgct wsls. governance, anl adMlStratiOn with a furtheT £22.622 spent on capilal ¢osts. Res•vi•• and Surplus Al the financial year-end, GCDA reported an operatlng unrnstrfctsd •urplus of £1,000,638, ernsuiing that sufficA8nt reserves were maintained lo 8UPPOrt future inltiatwes. GCDA rernains welkpo$itioned financially as il enlors 2025. with a ¢le8r locus $ecurtng addrtional fvnding strearns and enwring 5UStainability across its key programmes It Is the pollry of the clwty lo hold unrestricled funds th81 are not yet designated lo specth¢ purpos8s until Gonfimation is received for major proj¥¢t-r¢lated permissions, suGh as planning approv81$ and statutcry consanls. As the charity is in the garfy stage$ of delivering a numbgr of capital ond infrastrlre projects, rt 15 desirert that funds are rÉtsinÈd in an unreserved stale lo alow for flexibility, respon8ive depk)ymenl. and effective fillancial $leward5hip Dn¢2 the Tequired external Confinnatior are in place. Vvhik these funds a pre8enUy da$sified as unr¢$tri¢ted, internal budgatng has al8dY rin9fencod allocatw)ns 10 priority project areas as detsilod in the Truste85' Report. This approach en5UTes that GCDA is able lo comrnil reskvJnsibty to knture projecl development wlthoul prernalurely restriGting fvnds ahead of lomal approvals. It is the pollcy ol the Charlty thal unrestrlcted funds which have rNJl been de5rgnalèd for a speciffic use Shou b8 mainiained al a level equivalont to between three and six month'¥ operating expenditure. The trustee6 consider that resPtve$ at this bvel will •nsur8 that, in the event of a 819nrf?nt drop in fvncling. thgy wil b¥ able to conlnue the ¢harity's current actiwties while Consideration is gwen to way5 li which additional funds may be ralsed. This 18vel of reserves ha5 been malntained throughoul the year.
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR EAIDED 31 DECEMBER 2024 Plans for futurn perlods Plans for 202S and 8&yond GCDA has rolled forward its annual fve year investment plan and continues to bB Gommriled to delNering key projects that will 8upport Ihe long-temi sU81nbIlItY of Ihe MmunIty. In the coming year, a primary fo$ wlll be on progrossing the next phases of the Cornmunlty Hub pro. Securing nacessary pemiissSon$ and funding to move towards dalailed planning and design woth. The Vlllage Enhan¢em¥nt Plan will also enter it3 initial imF4ementation 8lage, with tongible impmwmgnt$ to p8d¥$lrian ar8a6. signage, 8nd VilgO infrastructure. Further woth will continue on the Houslng Efflclency Progrnmmg, wh8re GCDA aim$ lo expand its reach by id8nlifying addition81 funding opportunities to assist resKlents in improvSng the energy effiaency of their homes. The Woodland Manag•mgnt Plan will aanCe, building on survey d818 collected in 2024 to shape responsible and siislainable land rnanagernent strategies. The organi5ation will also seek to deepen its engagom9nt with kjcal stakeholders and external funding bodies, ensuring that all major projects have the necessary finanaal backing lo succeed. Strengthening govemance and admlnistrativa structur85 reTrain$ a prtority, particularty in refining operatsonol processes to support tha growlng Scope of GCDA'S actiwlies. Cross Cutting Theme$ & Bon•flts Throughout the delivery process Ihe GCDA will woth with ¢onlractorslfunderslpartnerg lo Idenlify 18aming, Iralnlng and work experience opportuniti9$ frsr local people a$ well as volunteering opportunities. This will locu$ within the a8$ of heritage, 8nvlronmental inlerprelation and management, energy con8ervalion planning an development. Strudurni govornance and managem•nt The charity is a Scottish Charitsbl• Incorporated Organisation Ihal 18 limited by gu8rnntee. The trustees who seTved during Ihg year and up to the dale ol 8ignaluro of the financial statemanis were.. IResigned 15 May 20241 (Resigned 1 February 2024) Appointed 27 Novgmbar 20241 (Appointsd 25 September 2024) Trustees are elected by a vr)te by member8 al Ihp AGM or al any time the boar<1 arg able to app)Int mgmbèrs to bg¢om8 a Trustee. 2024 $¥w board down", role with GCDA and fter a short perio for their rn"butIOnS dunng their bme the board. This year saw the appointmènt of new tthrd memberswhO both bring experfgnc9 and significant knoWdge of Gknb8rf$ comnunty and ¢at¢hment. has been appointed as w¢¢-¢h8ir of the board. 8fter yoars as acting treasurer to tBke up an Execulrvè of time due lo olher cornmftm8nts. Thg board thked both Hwng boan a board memb¢r for several year5.
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Admlnlstratlve Arrang•m•nts GCDA'S adminiJtralive functions were supported by a deduled part 'rne team, ensuring the efficient management of ts operation$ ond comrnunty initiatives. Tho key adrnini$lraliva personnel for 2024 we. Stratogic Dovolopm8nt Mana Admlnlstratlve Support- FinanGg and Communica ion> Proj•¢t D•v8lopment Managpr: er.. arsa A signffjcanl organi88tional development In 2024 was th8 appolntment of mm Inno¥ats Rural as Project Developrnent Manager. xpeitise will be instmmenl In a vancing t ommumlty Hub proleet and Village Enhan¢•ment Plan. ensunng 8tru¢tur8d projed ddivèry and MMunity engagèmènt. Har conlributirTrns will provide a much-nefrded strategic focus to key initiatives, and her leaOeTship In cnsUltaOn and pning has been gr9ady welcfjmed by both the Board and the widtrr ¢ommunity. in his role as Flnance and Cgmmunlcatlonj Manag•v, plAyed a key part in Ihg finana manage GCDA, ensuring robust overÉight of budgeting. lunding 8llocations, and financial sustainabilty. In addition, ed the HoLTr8ehold Improv9mgnt Programme, as well as I8ng responsibility foi Dvets8¢ing communica ons, ensurlng that updal•s on GCDA'S work werè èffectively di5seminaled Ihmugh both ctigital And Irddilional channeLs. The Ex•¢utlv• Team played a ¢ru¢ial role in project Than8g8ment, financial overslght, and mgmber engagement, supporting the implementatlon ol the GCDAS fivo-ygar strategic plan. Their work has ensured the smooth execution ol proigcts and effeGtwe collaboratn with fundirng partnars and regulatory bodiej. Audltor Iliam Duncan + Co (Audill Lld wore appointed as auditor to th8 charity and a r•golution proposing that they be re. appointed was agreed at a General Meeting. E8¢h of the trusleeg has confitmed that the is no Infomiation of which they are awar8 which is rel&vanl lo the audS1, bul of whlch the 8udttor Is unawar8. They have further coThfimied that they have taken appropriate 31eps to identify such relevant information and lo estsblish that th8 audilor is aware of suth infomiats'on. Trustee
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION STATEMENT OF TRUSTEE'S RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The truste89 of Gnbarr Community Developrn8nt A5SOCiation a responsible for prepairng the Trustee's Report and the ffinanc131 slalemenls in accoidance with applicable law and Untted Kingdom Accounting Standards Iunrted K1ngdom GeneTaIAG¢tpt?d Accounting Practi¢e). Tho law applicablg to ¢harlties in ScolFand require5 the trustees lo prepare fln8nod statements for each financial year whlch gSve a true and faiT view of the slate of affairs of Ihe charity and of the incoming $Ou5 and applicats'on Of iesourrks, including the income and expenditure, of th? the charty for that year. In preparing thèse financial stat8m8nis, the trustees are requlred lo.. s¢lecl suitable accounting polici98 and then apply them conslstenuy.. observe the methods arml princi&4es in the Charllles SORP,. - m•ke judgemerts and 88timateg tho1 are reasonat4$ 8nd prudanl" slatè wh8th8r applicable UK Accounting Stsndards have Len followed. subject lo any material departutes disd05ed arnd expiainpd in the financk21 slalements., and prepare the financial s14temgnts on th8 golng rx)neem basls un185s il is in8ppropriate to presurne that the charlty will continue in operation. The Iru$l0$$ ore responsiblè for keeping adequate ac¢ounling rocords that di5clos9 with reasonable accuracy at any lime the fjnancial position of the charity and enable th8m to ènsurè thal the financial statements comply with the Chariti8s and Trustee Invgstrnenl (Scotlandl Ad 2005 and Ihe Charities Accounls IS¢ollandl Regulations 2006 las amended). They are al80 responsible for safeguarding the assets of the ¢harity and hence for taking reasonabl steps for the prevenlKin and detection of fraud and other irrggularrties. The Injslees ar8 responsible for the malnlenance and inlegTity of the charity and financial infomution included on the charitys website. Legislation in the United lQngdorn governing thtr prèparation and dissemination of financial stalernellts may dffier from legislation in olhgr jurlsdlctions
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION Opinion We have audited the finanrAal Statements of Glenbarr Cornrnunity Dev¥lopmenl Association Oht 'tharitll for the year ended 31 December 2024 which compri$e the statement of finan¢ial o¢bvitios, the bala sheat. tho statement ol cash flows and ntxes lo the ffnancial statgmgnis, includiny significant attounting policies. The financial reporting framework th81 has been applied in Iheir prèparation is applicable law and United Kingdom Accounting Standards, including FinancAal RepIng Standard 102 Thg Financigl RertIng Standarcl appliGoblo in IlJe UK and RepubliG of lffjl&nd Iunited Kingdom GeneraMyActepted Accounting Practice). In our opinion, the financial stat•menls'. give a true and fair view of the slatè of tha charity's affair8 a5 at 31 Deoember 2024 and of its inming resource6 ar5d application of resources, including its incorne and expenditurt. for the year then ended,. have been propèdy prepared in accordan¢e with United Kingdom Generally ApIed Afyxunth"ng Prartice- and have been prePad in accord8n¢e wth the rèquirements of the Cmanlies and Trustee Investment (Scollandl Act 2C(15 and Tegulalion 8 of Ihe chantsA¢¢0unts IS¢otland) Regulations 2006 las amendedl. Basls for oplnlon We conduct&d our audrt in a(zordan¢e with Inlemalional Standard3 on Auditing (UKI (ISAS IUIQI and applicable law. Our responsibililes under Ihoye strndards are further described in the Auditorfs respon&biliti•s for the audit or tljo financi81 ststements secb'on of our r¥port. We are independent of the chsrty in octnrdanee with the ethical requirem8nt5 that ara relevant to our audll ol the finanoal statements In th8 UK, including the FRC'S Ethical Standard. and we have fUlfild our other ethical respon$bilities in accordance with these requirement8. We believe that the audit evidence we have obtained is sufficient and appropriote to provide a ba818 for wr opin*)n. ConcluJlon$ Yolatlng to golng concern In auditing the financial stalemenls, we haw conduded that thÈ trusteg's U50 of the 90iro conrn ba515 of accounting in the proparation ol the financial staternenls is appropriate. Based on the work we have porform8d. we have not identified any material uncertainties relating to $v•nts or oonditions that. indimdually or collectively, may c35t 519nific2nt doubl on the charity's ability to conb.nue as A going ¢oncèm for a period of at leaBt Iwefv8 month5 from when the finanrial statements are 8h0nod ts issuè. Our responsibilit$ and the responsibili¢$ of lh& Iruslees wf(h respe lo going con¢em wè described in the relevant sections of this raport. Oth•r Infornmtion The other inforrnation ¢omprises the illforrnation in¢luded in th• trustegs. annu81 re[)rt other than the Ilnanaal $lalem¢nts and our audilorfs Port thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the finanoal 5talernenls does not cover the other infomialion and we do not express any form of assurance ¢ondusion thereon. Our re8pon$ibility is lo read the other information and, in doing so, considor whether th8 other infoTmalioTr 1$ materialty inconystent with the finanaal 51alements or our knowledge obtained in thè cours8 of the audit. or othenvise app8ars to be materially misstated. If we idenlfy SUGh rnaterial Inconsistencies Dr app8renl material mi551aternenls, we are required to determine whether this gives Ie to a rnaterial rnisstslerrEnt in the finana81 51alemerts themselves. 11, based on the work wo havp perform•d, we nclude Ihatthere is a mat•rf81 misstatament of this oth&r infonnation, we are Tequred to report Ih¥l tsct. We have nothlng lo report in thi5 regard.
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GLENBARR COMMUNrrYDEVELOPMENT ASSOCIATION Plattor9 on whlch wa arn r8qulrod to réport by exception In the light of Ihg kno%edge and und8rsianding of the ¢hatfjty and Ils 8nvlronment obtskned Ihe course of the audit we have not Idenllfl8d material mi5Sta¢ements in the Iruslee8' reM)rt. We have noihing to report in respect of the followng matter3 in relation lo which the Chari1198 (Acoounts and Reports) Regulation8 an(J Ihg Charitie$Accounts IS¢olland) Regulat)ns 20 (as amgnded) T8quires us to repjrt to you rf, in our opinion.. the inform8tn grven in th8 )Inandal slatemgnts is inconslstenl In any rnaterfal respèct with the trustee's r9PQrt', or adequate and proper acwunling records have not been kopl. or relums adequate for our audit have not been reiVed from bran¢h¥$ not visiled by us.. or tho financial 5tatttments are not in agreomonl wbth the accounting re¢¢rds and relurn5- or e havè not rOl¥ed all th8 infomi8tion and explanations we réqui for our audit. Rgspon¥lbllltles of tru•tse¥ As explained rnore fully in Ihe Sialemenl of Iruslee'$ re$ponsibilities, the trustees ar9 rgsponsibltr for tho praparation of the finaneial slalèmenls and for bng satisfjed that they give a true and fair view, and for such inlemal wntrol a$ the trustèes d818rmine is n¢¢ess8ry to enable th8 preparatlon of financial 5talemen15 that are free Irom material isslatemenl. whglher due to fraud or error. In preparing the finanThal stalemenls. the tru$lees are responsie for assessin9 the charity's ability to continue as a going concem, dis¢1osing, as app&cable. matters relatsd to going concern and using thè going conrn basis of a¢UntIng unlèss the trustees gither intend lo cease operallon5, or hava no realistic attewnalive bul lo do so. Auditorf8 responsibilities for the audlt of th• ftnanclal statem•nts Vve have be appointed as auditor under section 144 of the Charities Act 2011 and (eport In accordan with the Act alld relevant regulats'ons rnade or havlng effect thereunder. Our objectwes are lo obtsin roa$onable assurancg about whothar the financial statamènts as a whole arè free from mat9rial misstatern8nl, whèther duo to fraud or ermr. and to ISSU8 an audilors r8port that indudes our opinion. Reasonable assuranc8 Is a high level of assurance but is not a guaiarnlee that an au¢Jit (ondu¢ted in accordanca wilh ISAS {UK) will 4h¥ays delect a material misstslemenl when rfl exists. Mi5ststemenl8 ¢an arise from fraud or error and are considerèd material rf. individualty or in tho aggregate, they o)ukl reasonably bo expècted to influence tha aconomic dls1On$ ol user5 takgn on the basis of these finanaal stslemenls, The extent to which our procedures are c4pable of dole¢ting irregulaiies, includiig fraud. is datailed below. Enqviry ol thos8 charged governanc8 and the entiWs sollcrtors around actual and Wenbal litigation and claims., Performing audii work over the risk of management override of controls. including testing of journal onlrig5 8nd olhtrr adjustments for appropriateness, èvaluating the bu$inèss rationa of signifiranl transactions outside the norm81 course of activities an¢J reviewing accounting estimates for bias., R8vlewing finanal stalerllenl disclosure5 and lesling lo supporting dctumentstion to assess ¢omplian¢e with applicable law3 and 9latiOns,. and Reviwing board minutes for ony indication of related paty dedaralions. dlscussions on any potential litigation, daims and non-compliance with laws and regulalons. Because of the inherent limitations of an audi( thore Is a risk that we will not d¢tgCt all iTh8gularities, Includlng th058 leading lo a material misstalgmant in Ihe financial statem8nts or nonoompliance wilh regulation. Thls risk Increasès th8 moré that mplianCe wilh a law or regulation is removed frDm the evenl$ and transaclion5 refflected In the financial statements, a3 we will be less likety lo becorne aware of insiarte$ of non-¢ompliance. The risk is also greater regarding irregularities 0rring due to fraud rathar ihan ovror, as fraud invdvos ntenlional <)ncaalrnent, forgery, collusion, Dmi$$ion or misrepresentation.
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION A knrthèr descripb.on of our respon5ibilil*8 is available on the Financial Reporting Council's web511e at.. http8".11 vMw.frG.org.ukJaudilorsresponsibililie5. This descyiplion fomis part ol ouraudrtorfs reporL U59 of our report This report is made solely lo the charity's trustees, as a body, In accordance with Part 4 of the chare3 {Accounls and Reports) Regulation5 2008. 1)Jr audit work has been undertaken so that we rnighl $tslè to the tharity's trustees thos? matters we are required lo $1g1e to thern in an auditor's report and IOT no other purpose. To the fullest exient perniitted by law, we do not accept or assume re5ponsibilfty lo anyone other than th8 charity and the charlty, s a bocly, for our audit work, foT this report OT for the oDinion5 we hav¢ fornd. for and on behalf uf William Duncan * Co (Audit) Ltd Chartered A¢countants Statutory Audltor Ell8rsl8y Hou8e 30 Miller Road Ayr Ayrshire KA7 2AY William thjncan + Co (Audf() Ltd is eligitAe for appointment as audllor of the charity by virtue of its eligib¢lity for 8ppolntrngnt as auditor of a Cornpany under section 1212 of the Companies Act 2c. 10-
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr¢fjtrict•d Unrestrl¢t•d fund• fund8 ggn•ral Deslgnatsd 2024 2024 Tot*1 Unr•$trlet•d Ufflr•6trictsd fund• fund$ g•neral D061gnat¢d 2023 2023 Totsl 2024 2023 Notss Income from.. Donations and legacies Investments so0,0 35.795 50D,000 35,795 575,000 13,413 575,000 13.413 T¢tsl Incorno 535.795 535,795 588.413 588,413 Expenditur• on.. Charitable a¢livities 107,469 107,469 47.079 11,643 58,722 Total •xpendlture 107.489 107,469 47,07g 11,643 58.722 Net Incom? 428,326 428,326 541.334 (11.6431 529,691 Tran$fers between fund$ 21.434 (21,4341 13.383 113.3831 N•t mov•mgnt nds 449.760 121.434) 428,326 554.717 125,0261 529,691 R•con¢lllatfjon of funds: Fund balanc8s at 1 January 2024 610.778 21.434 632.212 58.081 46,460 102,521 Fund balanco9 It 31 Dg¢omber 2024 1.060.538 I,C60,538 610,778 21,434 632.212 The Slalernent of financial actNf(io$ includes all gain& and10$$g$ rgcognised in the year. All incomo and 8xp8ndrturè derive from ¢onlinuing activities. 11
GLEN8ARR COMMUNITY DEVELOPMENT ASSOCIATION BALANCE SHEEr AS AT31 DECEMBER 2024 2024 2D23 Flx•d a#Mts Tangble a88ets Heritage a88ets 11 12 23,252 1,013 23.352 1.013 Curr•nt assots r*btors Cash al bank In hand 13 17J52 1.035.188 8,972 639,560 1.052.$40 648,532 Crndltorn: f•llinu due frathkn y•ar 14 (15,354) (17,333) N•t currnnt aJ•ets 1.037.186 631,199 Tc&l ass•ts loss currontll•blllll•s 1.060.538 632.212 Thg fvnds oftho charity Unre8tricte(l fvnd8- gen8rn1 Unrestrided furKI8- Dgnated 1,0,538 610,778 21,434 I.0.538 632.212 TNstee C(#npany rn9Sstration SC048909 12-
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Not•S Cah flo from opgrating gctlvltl Cash generatèd from operati¢Jns 19 391.010 530,849 InvÈstlng activities Purchase of tangible fixed assels Purchase of hwltage assets Investment in(x)me rgcoi¥od 122,5221 (iooi 27.240 (1.2661 5,641 Not ¢48h generated Irom InVlIng a¢Jvltles 4.618 4.375 N•t cash generated IbYJm flnanclng •¢tlvltles Npt increa80 In cash and cah equlvalents 395.628 535.224 Cash and $h equivalents 01 beginnlng of year 639,560 104,336 Cash anrl cash oqulvalents at end of ar 1,035.188 639.560
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poll¢l•s Charfty 5nfomytlon Glenbarr Community Devetoptnenl Associati Number SC048909. The r8gistered olfi¢e Trs an'sallon 1.1 A¢¢ountlng convention The financial Statements have been prepared in ac¢ordanc¢ wrth the charity's Conslltution dated 13 D$¢8mb¢r 2018. the Charitie8 Trustee Investrnent (st13nd) Act 2005, the Charilps Accounts (Scoand) Règulations 20C6 las amendedl, FRS 102 °Th8 Financial Reporting Standard applicable in the UK ond Republic of Ir@land° C'FRS 102.1 and the Charities SORP 'Accounling and Reporiing by Charities.. Slalemenl of RecomTnended Pra¢bce applicable to charthes proparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" 1offèct5 1 January 2019). The ¢h8rity is a Public Bgnfil Entity as definad by FRS 102. The financial slatamants aro propared in $lerling. which is the fun¢tional currarq of the tJ)arty. Monetary amoun15 in th8se financDI stal8ments are rounded to the ngarest £. 1.2 Golng concern Al Ihe time of approving the finanryal slalgmonts, the trusleg$ have a reasonab18 expectation that the charity h¥s adequate resources lo continue In operational existence lor thè foreseeable future. Thus thg trustees continue lo adopt the going concern basis of a¢¢ounling preparin9 the fillancial statements. 1.3 Charftablè funds Unrestricted funds ar6 avaiL8W for usa at thg discretion of th8 trustoos in furthgrsnce of Ih8ir charitable objtr¢tiV8S. D8$ignated funds are unre$trthd fuThJs which the Tru$te8$ h8V8 Set aside for particular future projgct c rnmilment. Dasignated furid5 do not glve rlse lo a legal TestrictK)n on Ihe Trustees. discretion on h¢)w lo appty unfestriGled funds. Restricted funLls ar¥ $ubiect lo specific conditions by donor5 or grantors a¥ to how thay may be used. The purposes and uses of the rgstricted funds are set out In tho nolas to the financial slemerls. 1.4 Income Income IJ recognised when the chaiity i¥ leg•lty entitled lo il after any p¥rformgnco cond'0n5 havg boen mel. the arnounl8 Can bg measured reliably. and it 1$ probable that ineomÈ wlll bè r8c8lvad. Cash donation8 ar8 raco9ni5od on receipt. Olhgr donations are recogniged oncg Iha chanty has been notified of the donation, unless p9rforrnance c4Jndllions requlre defgrral of the amount. Ime tax Tecoverable in rgla11c to donations reG8ived under GiftAid or deeds of covenant is recognised at tho time of the donation. LegacAes are recognisod on receipt or otherwise rf the thartty has been notified of an imp6nding distribution, the amount 18 known, and rgceipt is expected. If tha amounl is not known, thè 18gacy is treated as a contlngant a5581. 14-
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollclÈs Icontinuedl 1.6 Exp•nditure Expèndilure is recognisècl On there is a lègal or ¢xJnstructive obligation to Ir8nsf8r economlc beneffl lo a third party, il is probaLle that a transfer ol economlc benefits wlll b8 required settlement, and the amount of the obligab.on can be measured l&atty- Expenthture is da$$ffièd by ath'vity. The costs of each acbvity are made up of th9 total ol direct LX)sls and ¥haTed costs, indudbng support wsts invofved in undertaking each activity. Direci ¢osts attributable lo a single acty.vity are dlocated directty to that actiVTty. Shared costs which contribute lo Tnoro than one actiwty and support costs which are not attribulablo lo a single adiwty arè apportioned btheen those actllieS on a bay's C4)n$istènt with th8 use of fftSOur. Central staff $ts are allocated on the basis of ts.me spent, arid depr8dalon charges are allocated on the porth)n of the assefs use. 1.1 Tangible ffixed assets Tangible fixed a$s8ts are initialty measured at cost and subsequerY measured at CQ8t oi valuali)n, net of depreciation and any impairment1033es. DeprecAation 15 recognised so as to write off the (y)st or Ydlualion of •ssets le85 their residual v•lu$s over their seful INe3 on the folt)wing bases.. Freehold land and buildings Plant and equipmonl 20% reduang balance The gain or loss arising on the disposal of ¥n asset 19 detarmintrd as thg difforonce bglweon the Sale pmceods and tho carrying value of the asset, and 15 recognised in the sl¥lemènt of flnandal acti114es. 1.7 Herltag• ass•ts Herilage assets are initially meaSUd at cost and subBequentty measured at C05t or valugth)n, n9t of depreCIatn and any impBirm8nt losses. Depr8ciation is recogni5ed SD as to write off the cost or valuation ol assets le$$ thair resithal values over their usèlul INes on the following b4SIS.' Heritage asset No depreaalion ¢haYged 1.8 Impaimi?nt of fixed assets Al each reporting end dale, the Chariiy reviews the carrying arnwnts of ts tsngible assets to determne whether the 1$ any indication that those assets havg SUffed an impairment lo$$. If any sl indicat¥Jn gxists, the rècoverablg amounl ol th& assat is estimatod in order to detsmiine the extent of the impaiment 105s (if any). 1.9 Cagh and cagh •quÉvalents Cash and cash equivalents Include cash In hand. deposits hglt1 at call with banks, tstr shcrt4erm liquid investments with original rnaturitie5 of Ihr*e rnonlhs Of less, and bank ov¢rdrafts. Bank overdraft¥ are shown thin borrowings in ¢urrent liabilrtie5. 15-
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policios (Contrnued} 1.10 Flnanclal In¥trnm•nts Th6 chanty has elected lo apply the prow510nS ol Section 11 'Basic Financlal Instsumgnls, and Secllon 12 'Other Flnandal Instruments Issues, of FRS 102 to all of 11$ financial inslrurnenl5. FinanrAal in5tiumenl¥ are re¢ogni¥ed in the tharWs balancè sheet whon the Charity bettmes paty to the contractual promsions of the inslrumenl. Finanaal ass&ts and liabilities are off¥el, with thè net amounts presented in the finan41 statements, when there is a legally gnfor¢8able right lo set off the rècognised amounts and there 1$ an intsnth)n to s8lUe on a not basis lo 411$& the asset and sethe the liability 81multanoouy. 8asi¢ fiTn•nclal assots Basic fsnancial 35sels, whh indude debtors and cash and bank balan08s, are inilialy measured at transactSon prlce induding transaction costs and are subsequenlty carried at am0"$$d ¢ost using the effective intsTest method unless the arrangement constitutes a financAng transaction, wh¢ro thè transaction is measured al the prgsent valuo of the futur• receipts discounted at a maFk8t rate of interest. Financial asset5 dassifi8d as receiv•ble within one year ar8 not amortised. 8asi¢ financlal Ilabllltlos Basic financial IiabilitE5, indudlng uedilors 8n(I bank loans are inhlally recognlsgd al tran5adon price unlE55 the airangemenl constitutes a financing transaction, where the debt instrument i% measured al the present value of Ihg futu payments discounled al a market rate of interest. FiThanrAal liabililios d8ssrf1gd a$ payable within one year arè rtot amortised. Debt instruments are sub$e(ww)lty carr*d al arnorti5ed cost, using the &ffe¢tive interest rate method. Trsdè creditors ar8 obligation5 to pay br goods or sarvic85 that have boon acqulrgd in the ordinary Course of operations from suppliers. Amount5 payab are dassmed as current liabilitie5 if payment 1$ du8 Wlthin one year or le55. If not, Ihoy ar& presented as norKurrent liabilities. Trade creditor8 are re¢ognised initidty at tran8action pric8 and subsequently measured al amorti$ed ¢ost using the effectrve interest method. Der¢¢ognltlon of financlalll•blllllès Financial liabilities are derecDgnisod whon the charitys Contractual obllgaUons expir8 or are discharged or cancelled. 1.11 Employog benofits The cost of any unused hollday entillemonl Is r8¢ognis8d in lh8 period In whith the employee's S0C&S are celvel. Termination benefft8 are recognid immedialety as an 6XPgn89 wh9n 1ho charity 1$ demonlSbIy eommittgd to temiinats the empfoyment of an employea or to prowde lMInatIOn bgTreffils. Criticil •¢¢ounllng gstlmates and judgements In the application of the charws xrA)unting tM)licies, the tste8$ are required to make judgernent8. e5ImatB$ and assumptions about the Latrying amount of assets and liabilities that ar& wt rtadily apparent from other $ourc&$. The estimate8 and as80¢ialed assumptions are based on hisl¢Yi¢al axp&rience and other factors that arg rx)nsidar8d lo bg rglevanl. Actual results may drffèr from these es1imale5. The estimates a1 underfying assurytions are re¥Sswed on an ongoing ba8is. R¥M$ions to accounting estirnates are recognised in the pervjd in which the e¥limal& is revised wher8 the rethsion afft$ only that p6riod, or in thé pèriod of the rewsion and future periols wherè the rewsion affects both rrent and fLrtLJre pèriods. 16-
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlon$ and légacles Unrestrlcted funds 2024 Unrostrlcted funds 2023 Donation$ And gffts 5(N).000 575,000 In¢omo from investrnffits ilnrestrFctsd Unrg¥tri¢tsd funds fund$ 2024 2023 Interest receivabl8 35,795 13,413 Exp•ndlture on charitabl• actlvltles Homo Regilliance Annual Community Communlty Community Evèntb Gretsna Hub Grnnts Woodland 2024 Total 2024 2024 2024 2024 2024 DIM¢t eosts Project axpenses Food purch•$e$ Venuè Costs Professional fees 1,301 817 140 33,925 81Y 140 7,165 3,861 3,304 2,258 36,425 3.364 42,047 Grant funding of activities 15ee note 61 710 5,710 Shar• of¥upport and governanc• Goits l*ee nol¢ 7) Support 5,499 8,707 G$ernanCe 6,150 8,707 6.150 18.349 8,150 41,262 18,450 10,499 17,115 51,282 27,863 710 107,469 Anawls by fund Unrèstricted funds- general 10.499 17,116 51,282 27.863 710 107,469 10,499 17,115 51,282 27.863 710 107,469 17-
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 DECEMBER 2024 Expendltuft on charft•ble actlvttles (Continuedl Previou8 yoar. HomoHerliage and ReBillance War Memorial 2023 Annual GombNnlty Gommunhty Gommunlty Ev•nts Gro & Hub Grants Woodland 2023 Total 2123 2023 2023 2023 2023 OirKt co•t• Project expenses Enlertainrnent co¥t Food purchases Development Manager AdminislratNe support Wsbsrte Nnning costs 200 361 561 360 1.596 1,596 $60 7,810 2,016 560 4.000 3.810 2,016 4.560 2.216 3.810 361 12.903 Grant fvndirtg of ad1VoS Isee nole 81 6,383 15.983 Sharo af8upport and gov•rnane• Costs {sw not• 7) Support Governanctr 3,820 2,147 3.820 2,147 3.820 2,147 3,821 2,147 3,821 2.146 19,102 10,734 20,127 8.183 7.923 9,778 S.328 6,383 58,722 Anatysis by fund unrestrict funds- gongral Unr¢stri¢tèd funds- Dasignatad 11,627 8.500 S,040 3,143 7.923 9,778 6,328 8,383 47.079 11,643 20,127 8,183 7.923 9.778 6,328 6,383 S8.722 18-
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants5 payabl• Hom• Comrnunity Rg8llltrnc• Grants 2024 2024 Total Home Commltnty 2024 Resilierte Grants 2023 2023 Total 2023 Grants lo institutions11 granlsl.. Grants lo institutlons.. Mid Kintyie and Gigha Church of Scotland Glenbaii Prirnary School GlenbatT War Momorial 6.000 383 6,000 3B3 491 491 491 491 6.383 6,3B3 Grants lo individuals151 granlsl 5,CKIO 219 5.219 9,600 5,000 710 5,710 9.600 6,383 15,983 During Ihe ygar 50 grants of £100 gach wer9 paid lo individual householders Within the catchment area of the Trust as a re5FK)nsÈ of tha withdrawal of the Winter Fu81 Allowance by the UK government. This wa8 bas8d upon uptake of the gr8nl awarded in 2023 to tackle the impad of high energy prices. On? fvrthar grant of£219 w8S P31d to an indiwdual in Inè the grant funding criteria sd out by the chanty. 19-
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 DECEMBER 2024 Support ¢08ts allocated to •etlvltles 2024 2023 Depwiation gank charges Website and onlin• contènt Subsuiplons Insurance Hall hire Admin and offico Con$ullancy lees Mark8tin9 Govemance LX)Sts 283 52 1.761 970 1.072 620 2,132 33,892 480 18.450 253 37 927 277 461 780 547 15,820 10.734 59,712 29.836 Analysad bètween: Home ReIlian H8rilage and War M8moTi?I Annu81 Events Community Gregn & Wothllw)d Community Hub 5.499 5,&37 14,857 14.857 24,499 S,967 5,&88 s,7 59.712 29.830 2024 2023 Governance costs c(xMprfB•: Audit f8es Accountancy Legal and professional 10,500 1.932 8.018 9.600 1.134 18,450 10,734 Net movomant In funds 2024 2023 The net movernent in fund318 State(l after GhaTgingl{c¥editingl'. Fees payable for the audit of the thartl*s flnanGlal slaternents Depreciation of owned tangible fixad assets 10,500 283 9,600 253 Tru•tse8 None of the trustees lor any per80ns cmntscted wth thernl received any romuneration during thè yèar, bul 2 ol them were r&lmbursed a total of £33912023: 2 wimbursed a total of £1,439> for r8charged oxpense$ for th8 Trust. Please refer to nole 18 of the accounts ir relath'on to transactions with related partie8. -20-
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 T*x4tlon The ¢harity is exempl trom tax on In¢om8 8nd gains falling wllhin sethon 505 of the Taxes Act 1988 or secllon 252 of the Tajallon of Chargeable GalnsAct 1992 to the exlenl thal these are applied to ils charitable objects. 11 Tanglbl8 flxed a•sets Freehold lan and bulldlng8 PlaNtand •qulpm•nl Total Cost At 1 January 2024 Additions 1,266 400 1.266 22,522 22,122 At 31 December 2024 22.122 1,666 23,788 D9pro¢iatlon and Imp•lmiènt At 1 January 2024 Depre¢iation tharged in the year 253 283 253 283 At 31 Decernber 2024 536 536 CarryiThJ amount At 31 Do¢embar 2024 22.122 1,130 23.252 At 31 December 2023 1,013 1,013 12 Horltag9 assgts Historlc•l book At 1 January 2024 Purchases At 31 D¢¢ombgr 2024 100 21
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Herltsge assgts Icontlnuedl During the ya¥r a historical book- the Glen¢r8ggan book- was bought by the Charity and held as a Heritage asset in the accounts. Although Ihe cost of Ihe book wa5 not material Ihe Trustees believe owing lo Ihg rarity of Ihe book on the history of Glenbarr Ihal Ihi5 asset should b2 capitalised and be pserved by the Charity for futu generations. In terms ofthp polw for the preservauon, managem8nl, and disposal of tha Glencreggan booK The Trusleo$ ol GCDA fflaintains thè following approaGh: Tho book 15 Securely stored aThJ access Is reslricled. As it is noi on publlc dlsplay. vigwing could be Pgrmitted onty by piksr arrangement and typically Dnly under th8 supervision of a Tru5te8 or an aulhori$ed individual. While Trustees do not maintain a formal register beyond tho cnginal ledger entry. they have supporting wd&nce of purchase via sellei communication. The book Is not Intended for Tegular public aCsS and is e$eed in a manner that rninimi5e8 handling and environmsgntal exposure. The Trustees havg elected to ¢onlinue CArrying tho assèt al co81 (£100), as thls refflects the orfglnal transactlon and avol(l$ the admlnlstrative and finanaal bur(kn of adopting a rwalualion pclicy which would not be proportionate at thi$ stsge. 13 D•btor* 2024 2023 Amounts fallng due withln one y¢ar: other debtors PrepayMts and acGnJed income 16,327 1,025 7,772 1,200 17.352 8,972 14 CTrditorg.' amounts falling dy• wlthln one yvthr 2024 2023 Trade rAeditor8 A¢¢wals and deferred Incorne 1.534 13.820 5,338 11,995 15,354 17,333
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unrotrl¢tsd fund• . Dgslgnatsd These are unreslrthd fvnds which are material lo Ihe charity's activ5. At l January 2024 R•$our¢os •xpende Tranifern At31 Dg¢ember 2024 Heritage and War Memorial Websile Home R8slience 1,377 3.057 17,L¥JO 11,3771 13.057) 117.OC(11 21.434 (21.4341 Pr•vious year: At 1 January 2023 Resourc08 gxpgnd•d Trn8f•Y• At31 Docombor 2023 Heritage 8nd War Memor5al Vvebsite Hom8 Reglience L8gacy funds 1,577 6.000 25.500 13,383 (200) (2,9431 18,5001 1,377 3.057 17.000 113,3831 46.460 (11,643> 113,3831 21,434 16 Unrestrictsd fvnds Thè unreslricted fund5 of the tharNy comprise thè unexpended balanGes of donations and grants whth are not subjeGI to 3pe¢ific conditions by donors and 9rantor5 a3 to h¢w they may be used. The¥e gxdudg degignated fvnds which have been $et a$id& out of unresthcaed funds by th9 tnJstO85 for spe¢th¢ purposes, details of which ¢8n b8 found al Note 15_ At 1 Jinuary 2024 Incomlng rnsourres Rgsour¢è9 exp8nd•d Transfer* At31 D•cember 21124 General funds 610,778 535,795 1107,469) 21,434 1,0.538 Prnvioua year. At1 Jonuary 2023 Ineomlng r•$ourc•s Resour¢¥8 •XPgnd•d Tr•n8f•M At31 Dgcomb8r 2023 General funds 56,061 588.413 147,079) 13.383 610.778 Transfers of £21,43412023'. £13,383} from Designated Funds to General funds represent8 the TevetBal by Ihg boaTd of the planned 10% of annual income to b& set aside for legacy projgcts.
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Ana•1• of not •$Mts b•tw••n fund$ Unrn$trfet•d Unrestrlctsd funds fund¥ 9gn8ral Dè8iunatsd 2024 2024 Total 2024 At 31 D•¢•mb•r 2024: Tangibl& 8$Sats Heritagg assets Cur16nt asselsl(liabililieBI 23,252 100 T,37,186 23,252 1LIO 1.037,186 I,(0.538 1.060,538 Vnv•$trleted UnMtrict•d fvndg fund8 goneral Oeslgnatsd 2023 2023 Total 2023 At 31 D•¢omb•r 2023: Tangl+ assets Curr&nt asselsl{liabililies1 1,013 &J9,765 1,013 631.199 21.434 610,778 21.434 632,212 18 Relatod paity tr4n•action• Transaction¥ with ro14tsd partl•g During Ihg year the chariiy onlered into th• following transactiDns with related parties.. Seven current and formor trus168s werè in receipt of the Wint8r Fuel gr8nl £7(KI {2023'. 8 tIV3tees in receipt of cost of living grants totalling £1.6001 due to them all being members of the bcal community and w[In the calthment area for the grants. On& trustee of Gknba Community Developrn8nl Assoc4atlDn Energy Limited who donated £51X),00012023- £575,000) to the Gnaiiiy}. was also a director of Fyne During the year Wa paid lo he had stood ments totalling £6,615 along with a balanc£ of £1,120 owTng as at 31 Decèrnber 2024 form8r Iru$lee of the charity, for consuttancy servieAs prDwd8d to Ihe charity once own as 24-
GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEhlBER 2024 19 Cash gon•Trtod fmm operatlon5 2024 2023 Slus for the year 428,326 529.691 Adjustmgnts for. Inve51menl incomè TecA)gnised in Statement of finanaal acti¥itie8 DepratIon and impainnenl of tangible fjxed a5S9Is 135.795) 283 (13.413) 253 Mov•mgnts In worklng ¢apltsl: Decreasellincrèas81 in debtors IDecreaseifin¢rea$e in ueditor5 175 11.9791 (676) 14,994 Cash gener•t8d from operatlons 391,010 530,849 20 Analy$h of ¢hango$ In netfund• The chanty had no material debt durtng the year. -25-