REGISTERED CHARITY NUMBER: SC049120 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for hins Paths Grou Tor scio
Tor hins Paths Grou scio Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees 1to3 Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 7t010
hin Path te for the Year Ended 31 March 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporbng Standard applicatle in the UK and RepublTrc of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTivmES Objectives and aims The ChariiaNe Purposes are: the provision of recreational facilities, or the organisab'on of recreational activrties with the object of improving condits'ons of life for the persons ft)r whom the facilities or actr'vities are primarity intended" by maintaining exisb'ng path routes and networks and by developing new and existing paths in liaison with landowners and tenants" the advancement of environmenta protecb'on or improvement by advancing the education of the public regarding environmental issues through descripb've path and walk publications, and child focused publications such as Pathfinder Challenges for the development of childrens, knowledge, appreciation and understanding of the local environment and wibjlife. In summary the main activities in relation to these objects are:. the repairing and maintaining of existing paths within Torphins; exploring the feasibility of establishing paths from Torphins to Lumphanan and Torphins to Banchory; and activities associated with making progress with these paths. ACHIEVEMENT AND PERFORMANCE Charitable activities Torphins Paths Group was launched in 2017 and became a SCIO in 2019. We have 72 members and there are 10 Trustees on the Board. We rety greatly on the donations we receive from the bocal community for which we are extremely grateful. These pay for the materials we need for much of our maintenance work and k)cal path development. They are also essential to allow us to conduct work on paths that some funders only reimburse afterwards. (These cash flow problems led to our bank balance dropping to just over £2,000 at one point with plenty of costs still pending.) Larger projects also need Grant funding and we would like to thank the Bread of Lrfe, Marr Area Committee, the UK Shared Prosperity Fund and Scotmid for the grants that they awarded us. Thanks also to Marr Area Partnership for an award which we will receive next year. Work on Local Paths has this year concentrated on Maintenan and improvemenL Our Volunteers have accumulated 246 hours of hard work strimming, cutting back, widening and edging, repairing gates. rationalising signs and making and installing new benches. We have updated our maintenance schedule. including a regular inspection regime. We have been devek)ping our nexi kxal project which is a path from Torphins to the Blacksmith which will link the village with quiet roads into Leamey and Craigmyle. The Dam Vlood Path, which completed 1.9km of new path on the route to Banchory, was opened officialty on 21 April 2024 by Alexander Burnett, our local MSP. It has been a fantastic achievement funded by the UK Shared Prosperity Fund and constructed by Mdntosh Plant Hir& We have agreed to pause further development of the Banchory Path while we concentrate on local paths and the Lumphanan Path. We continue to progress work towards the Lumphanan Path and have been meeb'ng wrth Lumphanan Paths Group. In September 2024, we received full planning pemission from Aberdeenshire Council after a planning process including ecologica and tree surveys and Belkn'e Bum flood risk assessment. We now have the support of Aberdeenshire Council who have applied to Transport Scotland's Acts've Travel Infrastructure Fund for the funding we need to complete the final elements of design. If successful, we hope to be in a position to apply for full funding later in the year. Woodland Wonderland was a huge success thanks to all the volunteers who set it up, marshalled it, and took it down. It ran from 30 November until 11 January. Next year we plan to move the start to Monboddo Road. Page 1
Tor hins Paths Grou scio Re ort of the Trustees for the Year Ended 31 March 2025 Charitable activities- continued We continue to liaise with other local paths groups and the Torphins Community. We are members of Marr Paths Forum, meeting quarterly and were represented at its stall at Aboyne Games on 3 August 2024. We had an excellent stall, including plants and crafts, at the Torphins Gala on 17 August 2024 where our work received strong community support. The Tractor Run was on 21 December and together with the Torphins Playgroup, we provided pulled pork rolls, hot dogs and drinks. Next year we plan to commence building the Blacksmiths Path. We aim to complete the design of the Lumphanan Path and begin funding applications for construction. We will develop and enhance Woodland Wonderland. Finally, we will continue our increasingly extensive path maintenance programme. As chairman I would like to send huge thanks to all my fellow Board members, management committee members and volunteers who give up so much of their time freely to maintain the paths and take projects foard. We completely rely on voluntary work and their efforts have made such a huge impact on village life. FINANCIAL REVIEW Total incoming resources for the year amounted to £18,197 (2024 £107,842). The Trustees are extremely grateful to have been awarded a further grant from the UK Shared Prosperity Fund (£3,981}, Marr Area Committee (£3,240}, Bread of Life - Mid Deeside Church (£1,620) and Scotmid (£500), as well as generous donations from many individuals. The Charity made a surplus of £9,552 this year (2024 £796). Total general funds amount to £27,155 while restricted funds total £500. Reserves policy The Charity aims to hold sufficient reserves to cover 3 months of administrative expenditure and fund raising costs, and funds to provide liquidity while fulfilling grant requirements. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is a Scottish Charitable Incorporated Organisation and is controlled by its governing document, its Constitution. The charity has a tier structure with members who attend the annual general meeting, and a Board of Charity Trustees. Day to day running of the charity is delegated to a management committee which includes several Trustees and members. Trustee recruitment and appointment Trustees are appointed annually at the AGM by the members but may be c(x)pted during the year if the need arises. In accordance with the Constitution all the trustees retire at the Annual General Meeting and can offer themselves up for re-election. The maximum number of Trustees is 11. Page 2
To in8 Paths Gr¢)u rt of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS R•giSternd Charity number SC049120 Prln¢lpal addrass CraKJ Rannoch Grampian Terrace Torphins AB314JS Truste08 Ind•pend•nt •xaminer Bankers Virgin Money 1 Queens Cross Aberdeen AB1S 4XU 1.9... fv)-, L2 5 ArOVed by of the board of trustees on ...... . and STred on its behalf by:
nd•nt Examlnèrfs R Ins Palhs Grou scio to the Tte8S of I reprmi on the aCCnts for the year wwjed 31 2025 set pagès fve io ten. Raspoctlve r•sponsibillties of tYu8te8s and •xamlner The charity's trustees are responsble for the preparalitin of ac(x)unts in accordan with the terms of I Charities and Trustee knvestrnent (Scotland) Acl 2005 and the Chwitie5 ACC1n {stland> Regulations 2tK)6 las amonded). The Ch1t$ trustees consbyer thal the audii requirement of Regall0ft 10{1)(8} to (c) of the Accounts RegulalM)ns does not pty. It is my responsibty to examine the accounts as required under lion 44{1 X¢) of the Ad lo stale wtheth8r particular ffAtters have come to my attention. Ba818 of th• Independ•nt oxamin•es r•w1 My examinalKJn was carr5ed out in acccAdance with Rgjulation 11 of the Charities Accounts (Scotland) R&gulatKJn8 2006 (as amended). An frxwnination indudes a review of the accouniin9 fecords kept by Ihe charity and a comparisC of the accounts presented wilh ItrKJse reu)rds. It also InG5&s consideration of any unusual lteff or disclosures in the 8(X1nts, and seeking explanations you as truste8s conceming any such matt8r8. The pnxedures und8rtaken do not provide al the evidence that w0d be requKed in an audit, arKJ nseqUenY I do not express an athlit op#iM)n view swven by Ihe aGGwnts. Independont axamlnerf5 Statomenl In th8 cour58 of my examinthn, no matter has u)me lo my attetrt1c. (l) 1th gives me reasonable cause to tJel*ve tha( in any rrraterial respect, the requirements to keep accounting C(dS in accc¥dance with Section 44(1Ma) of trE 15 Acl and Regulati( 4 of the 2tKJ6 Accounts Règulations" and to prepare acA)unts which accord wFth Ihe Cntirj rCrfdS arxl to compty with Regulati(Jn 8 of the 2006 ACCotS Regusations have llot been {2) to whth. in my oixnion, attenlion slK)uld drdvm in Qftler to enab a py derStanding of I accounts to be read. Dale:.
hins Paths Grou sc 2025 2024 Unrestricted fund fund Total funds Total fvnds Notes INCOME AND END0WmEP FROM Donats"ons and legaaes Other tradlng acllvltles Fundraising athe8 Misc Income 7,7 9,341 17,097 ll,888 1.154 12 12 Totsl 9,341 18.197 107.842 EXPENDITURE ON Raising funds Charitablè activitie8 Charitable activities undertaken directly 332 332 507 1,923 6,238 8,161 11A,360 Other 152 152 179 Totsl 2.407 6,238 8,645 107,046 NET WC0IAEIIEXPENTuRE) 6.449 3.103 9,552 796 Transfers betsveen fvnds (1.651) 1,651 Net movement in funds 4.798 4.754 9,552 796 RECONCILIATION OF FUNDS Totsl fund8 brought fobward 22.357 (4,2541 18,103 17,307 TOTAL FUNDS CARRIED FORWARD 27,155 27,655 18,103 Page 5
8 Grou Fl At 31 IA4 2025 2024 Total tund fund fund Totsl funds CLWiREiif ASSETS 1.508 2e,765 65.520 27.189 Cash at bank 26.255 27.763 28.263 112,709 CRELXTORS Arnourts fallng éue ¥Athin or I8} (608) (94.60ei NET CURREKf ASSErs 27.155 27.655 18,103 TOTAL $SETs LESS CURRENT LIABIUTES 27.155 27,6SS 18.103 NET ASSETS 27.155 27.655 18,103 FUNDS Unrestri¢tfjd funés R95tctsd funds 27,155 5(X) 22.357 14.2541 TOTAL FUK)8 27.655 18.103 1 l... ra.s.1...kn.L.l...... and were sned on The flnancial ststements W8re at¢Yoved by Ihe Bowd of Tnts18 ...... .. its behall by.. Pwje S
hin Path h Finan tat nt for the Year Ended 31 March 2025 STATUTORY INFORMATION Torphins Paths Group SCIO is a Scottish Charitable Incorporated Organisation {SCIO) and is registered in Scotland. The charity's registered number and registered office can be found in the Reference and Administration Details section of the Report of the Trustees. The presentstion currency of the financial statements is the Pound Sterling (£). ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity. which is a putAic benefit entity under FRS 102, have been prepared in accordance with the Chartties SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practi 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. Flnanclal reportlng standard 102 - reduced dlsclosure exemptlons The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as pemiitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d),' the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41 (fj, 11.42, 11.44,11.45. 11.47, 11.48(a){iii), 11.48(a)(N). 11.48(b) and 11.48(c). Income All income is recognised in the Slatement of Financial Activities once the charity has entidement to the funds, it is probable that the income will be received and the amount can be measured reliabty. Income from Government and other grants is recognised when the charty is entided to the funds, and any condition attached to the grants have been met, it is probable that the income will be received and the amounts can be measured reliabty and are not deferred. Expenditure Liabilities are recoJnised as expenditure as soon as: there is a legal or constructive obligation committing the charity to that expenditu,. it is probable that a transfer of economic benefits will be required in settlement., and the amount of the obligation can be measured reliabty. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Vthere costs cannot be direcdy attributed to particular headings they have been allocated to actrrfits'es on a basis consistent with the use of resources. Taxation and VAT The charity is exempt from tax on its charitable activttie& The charity is not registered for VAT and, accordingly inthdes VAT where appropriate. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restrrcted funds can onty be used for particular restricted purposes within the objects of the charity. Restrictr'ons 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 induded in the notes to the financial statements. Page 7
Tor hins Paths Grou scio Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Financial instruments The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors. They are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Fixed Assets Assets over £250 in value are capitalised. The cost of any other asset is expensed in the period in which it is incurred. Going concern The future operation of the charity is dependent on the receipt of grants from outside sources. Funding for the next year's projects has been secured and the trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Accordingly, the financial statements have been prepared on the going concern basis. INCOME FROM DONATIONS AND LEGACIES 2025 2024 Donations Government grants Other grants 7,756 7,221 8,640 84,017 106 688 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS There were no staff costs for the year ended 31 March 2025 nor for the year ended 31 March 2024. No employees received emoluments in excess of £60,000. VOLUNTEERS The activities of the Charity are dependent on the contribution of volunteers who have met regularly throughout the year and carried out path repairs and maintenan, and also provide administrative support. Their contribution is invaluable to the Charity- Page 8
hins Paths Grou sc Notes to the Financial Statements MOVEMENT IN FUNDS Trwsfers At1A24 At 31.325 Unrnstrlctsd fund• General fund Torphin$ Paths Lumphan•n Path Pmiect 8anchory Palh Project Woodland Wondertand 21.045 6.067 122) <471) (1,6731 25,439 471 875 1,716 R•strktod fund Torphins Paths Lumphanan Path Pvoiect Banchory Palh Project 5LM) 203 {4.45n (1.156) 3.759 953 TOTAL FUNDS 18.103 9.552 27,655 Net movement In fvrn18. inckned In the above a u frAM: Inc¢mirKJ Resources Movement in Unvg•tri¢tsd fund• Genera fund WoodlaThJ Wonderland T0h1n8 Paths Lumphanan Path Project Banchory Path Projeoa 7,343 1.513 (1.276) 1638) 122) {471) 6,067 875 1221 {4711 Rtstrict•d fund• Torphins Paths Lumphanan Path Projert Banchory Palh Project (6,016) 1222) (1.1561 3,759 3,981 TOTAL FUNDS 18.197 (8.645) 9,552 Movemerrt on Ihe general fvnd represents difference been coMI resources. This incknjes generous donations from variou$ indmduals and groups, aThJ fiJThJ raisiThJ Iorne. Adminstration costs incJded in$urance and PR material& Funds Vre transferred to SLPPOrt bU1j ofk)¢al Tn$ Paths. Banthory (Dam Wood) and LLMnphanan {Planrwng) lor¥Jer distan palhs. The WocdaTKI WorKlerlarKI Christrnas dispky and aSslated pubhuty of the Chantys Mfyjrk gEnerated £1,513 from donations and gift aid. EywKlitwe was 1rKThed lo repar. Mainta aThJ improve the d. %¥t$ on¢ agawi very popular. Minor pair V•trk was done on TphInS Paths durThJ the ar. A £5CQ 9rant h88 been trded from Scotmid for the 8lacsmth's path which 18 expethd to be started onc we have landthr pemii88ion8 in V•inter 2025126. The Lumphanan planning appScalvJn has been appro¥ed, and this Jar spent funds on a SEPA and Fkxd Risk As8e5sment. In Ban¢hory dire¢tion. ¢¢l¥ed an additional grant of £3.981 Il UK Shad Prosperity Fund IUKSPFI whlth largdy c1)ve Iryeased ())sts for Wy and br on Dam Wood patsL A furtlw £222 was spent on information Signs.
Noies to the Financlal Statements- contlnued r th• Year Ended 31 March 2025 MovEMEP IN FUNDS • contlnwd cofflparatlv for mov•Thv4nt In lunds At 1.4.23 At 31.&24 Unrnstrict•d fund Gera fvnd Torthin$ Paths Lumphan8n Path Proia Banch¢xy Path Prcpct Woodland Wcndorf•nd 14.7 241 7.861 11.7231 723 471 31 21.045 471 1311 (341 875 Rg$trictsd fund• Torthins Path$ LumKthanan Path Prop 276 1276) 18051 14.9551 203 14,457) TOTAL FUNDS 17,307 18,103 Net mort in fvnds. in(KlwJ atth* are as f0th7. Unrnstiict•d fund• G?r¥I fund TOrIn5 P4ths Lumphanan Palh Project Banch(ry Path Prrp WCdIa 9.136 11.275) 1964) 7.881 (9641 (311 16921 {311 {341 R••trfetsd fund• Torthins Pgths Lumthanan Pgth ProiKt Banch¢xy Path Prqo 2,186 12,4821 18051 I1,817) 12761 18051 14,9551 TOTAL FUNDS 107.842 1107.0461 796 DEBTORS: AIAOUNTS FALLING DUE ONE YEAR 2025 2024 Grants Other (knbttys Total d•btorn 84,017 1.508 85,520 CREDITORS: AMOUNTS FALUNG DUE IhlTtr•4 ONE YEAR 2025 2024 Grants Other (xeditors Totsl c1rtOrS 94.S94 12 10 RELATED PARff OISCLOSUR&8 Thw• no r•knd porty trl•tI10n8 th• )•¥•r#l>J 31 2025 norfor wk1bd 31 2024.