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
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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
fo￿ard. 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
A￿rOVed by of the board of trustees on ...... .
and STr￿ed on its behalf by:

nd•nt Examlnèrfs R
Ins Palhs Grou
scio
to the T￿￿te8S of
I reprmi on the aCC￿nts 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 ACC￿1n￿ {s￿tland> Regulations
2tK)6 las amonded). The Ch￿1t￿$ trustees consbyer thal the audii requirement of Reg￿all0ft 10{1)(8} to (c) of
the Accounts RegulalM)ns does not ￿pty. It is my responsib￿ty 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(X￿1nts, and seeking explanations you as truste8s conceming any
such matt8r8. The pnxedures und8rtaken do not provide al the evidence that w0￿d be requKed in an audit,
arKJ ￿nseqUen￿Y 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 ￿C￿ntir￿j r￿CrfdS arxl to compty with Regulati(Jn 8
of the 2006 ACCo￿tS 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 ath￿e8
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 WC0IAEIIEXPEN￿TuRE)
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*
I￿8}
(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
R95t￿ctsd 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 s￿ned 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.
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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
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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
T0￿h1n8 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 be￿en ￿coMI￿ resources. This incknjes generous
donations from variou$ indmduals and groups, aThJ fiJThJ raisiThJ I￿orne. Adminstration costs inc*Jded in$urance
and PR material& Funds V￿re transferred to SLPPOrt bU￿1￿j ofk)¢al T￿n$ Paths. Banthory (Dam
Wood) and LLMnphanan {Planrwng) lor¥Jer distan￿ palhs.
The WocdaTKI WorKlerlarKI Christrnas dispky and aSs￿lated pubhuty of the Chantys Mfyjrk gEnerated £1,513
from donations and gift aid. EywKlitwe was 1rK￿Thed lo repar. Mainta￿ aThJ improve the d￿. %¥t$
on¢* agawi very popular.
Minor ￿pair V•t*rk was done on T￿phInS Paths durThJ the ￿ar. A £5CQ 9rant h88 been t￿rded from Scotmid
for the 8lac*smth's path which 18 expethd to be started onc* we have landth￿r pemii88ion8 in V•inter
2025126.
The Lumphanan planning appScalvJn has been appro¥ed, and this J*ar spent funds on a SEPA and Fkxd
Risk As8e5sment.
In Ban¢hory dire¢tion. ￿ ￿¢¢l¥ed an additional grant of £3.981 Il* UK Sha￿d Prosperity Fund
IUKSPFI whlth largdy c1)ve￿ ￿ Ir*yeased ())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*
Ge￿ra 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 mo￿￿rt in fvnds. in(*KlwJ atth* are as f0th7￿.
Unrnstiict•d fund•
G?￿r¥I fund
TOr￿In5 P4ths
Lumphanan Palh Project
Banch(ry Path Prrp
WC￿dIa￿
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 c￿1rtOrS
94.S94
12
10
RELATED PARff OISCLOSUR&8
Thw• no r•kn￿d porty tr￿l•tI10n8 th• )•¥•r#l>J 31 2025 norfor wk1bd 31 2024.