Charity number: SC049421
GALLOWAY COMMUNITY TRANSPORT SCIO
(A Scottish Charitable Incorporated Organisation)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Armstrongwatson.
Accovntants, Business & Financial Advisers

GALLOWAY COMMUNITY TRANSPORT SCIO
(A Scottish Charitablè Incorporatèd Organisationl
CONTENTS
Page
Referen¢e and Administrative Details of the Charity. its Trustees and Advisers
Trustees. Report
TTUStees' Responsibilities Statement
Independent Examlner's Report
Statement of Financial Adivtties
Balanc8 Sheat
10
Notes to the Financial Ststements
11-24

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charitable Incorporated Organisation)
REFERENCE AND ADMINISTRATIVE D￿AlLs OF THE CHARrrY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2025
Trustees
T Threadgall
PNFryer
F Coupar
P Lean
A Eirington
J CrcKJks
P Bowes I￿s1gned 10 December 20241
S Hart {aprK)inted 24 February 20251
C Bemhardt (appointed 24 Febwary 2025}
Charlty reglstered
number
SC049421
Registered office
Catslrand
High Street
New Galloway
Casue Douglas
DG7 3RN
Accountants
Armstrong Watson LLP
51 Rae Street
Dumfries
DG1 1JD
Page 1

GALLOWAY COMMUNITY TRANSPORT SCIO
(A Scottish Charitable Inco￿orated Organisation)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The Truoiees presenl Iheir annual report together with ihe iinancial statements ol the Charily lor the year 1
September 2024 10 31 Avgusl 2025. The Annual Report serves the purposes of both a Trustees, report and a
directors, report under charity law. Th• Trustee5 confiTW. t￿et the Annual Report ane finaD.cj2! xt1':￿w..￿nts of Ile
chai"iiaole ionip¢liy conip5y witn Ine curreni staiuiory requiremenis, Ine requirenienls ol the charitable company's
governino aOCLJmeni ano Ine provisions ot the statemp.nl nf Rp.r.nmme.nded practi￿ ISORPI applicablb to
charities p￿paring their accounts in accordance with the Financial Rewrting Standard applicable in the UK and
Republic of Ireland IFRS102) {effecbve 1 January 2019}.
Objectives and actlvltles
a. Pollcies and objectlves
1. The advan￿ment of citizenship and C(￿Munity development (including rural or urban regeneralionl.
2. The relief of those in need by reason of age, ill-healih. disability. financial hardship. rural isoiation or other
disadvantsge.
b. Activities undertaken to achleve objectives
The provision of a range of community transwrt seNces. faciliknes and resi)urces.
c. Main activities undertaken to further the Charitys purposes for the public benefit
Th8 provision of a range of communtytranspy)rt seNces. facilities and resources.
Achievements and perforniance
a. Review of activitie5
2024-2025 was a very posittve year for GCT in a challenging environment. We made concrete progress towards
our charitable purwJse5 of..
The advancement of citizenship and communty development {including rural or urban regeneration).
The relief of people in need by reason of age. ill-health, disability, financial hardship, rural isolation or other
disadvantage.
We do this through our work delivering community transkxlrt around the Glenkens and beyond. A summary of
our achievements and challenges follows.
1)
Flnances
GCT remains a wholty owned subsidiary SCIO of GCAT. and as such we tM)th publish our a¢¢ounts individually
and have them consolidated wthin those of GCAT. Despite Ihe challenging financial climate. we have had a very
suc￿Ssful year. We made an operational surplus of £15,046 . bul this was negated by the depreciation of our
newer buses at £57,209, resulting in an aC￿Unting loss of £42.163. Despite this, the operational model rernains
sound as we look forward.
The 'Deblors' at year end were higher than last yEars - thts was largely due to one un-paid invoice which has
now been settled.
Page 2

GALLOWAY COMMUNITY TRANSPORT SCIO
{A Scottish Charitable Incorporated Organi$ation}
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Achievements and p8rforniance (contlnuedl
21
Fleet Renewal
Whilst there were no vehicles replaced in this current financial year, we have still made savings by operating the
2 x newer diesel vehicles which were obtsir￿d during 2023-2024. These 2 vehicies have had lower operating
costs, due both to lower maintenance requirements and improved fuel efficiency.
We anticipate the savings made in 2025-2026 wÉll be even greater. Many thanks to all our funders and
SUPtx)rters who have helped us to make this step-thange in our C02 emissions, maintenance costs and quality
of seNice.
3)
Fundlng
We were Suc￿$$fUl in oblaining £5.000 from Dumfries arwj Galloway Council's'Regionwide Communilies Fund,.
which contributed to our core costs and is much appreciated.
4}
Staffing
In January 2025, we created the role of GCT Finance Assistsnt in order to streamline the role of GCT
Manager.11 was decided by the GCAT 2nd GCT Boards that the role of GCT Finan￿ Assistant would be
Ca￿led out by the GCAT Business Support Assistsnt. in order lo enhance the interfaces between the two
organisations. Andrea Smith was therefore ap￿iTrted the GCT Finance Assistant. which has freed up
more tirne for the GCT Mana9er. Jon Betts, and the GCT Operations Coordinator, Jason Wilding, lo focus
on modemisation. fleet renewal, funding b￿S and operational duties.
We have recruited 2 new freelance minibus drivers and an additional 2 new volunteer Patient Transport
drivers, all of whom are already making a Wdluabje contnbution to our communty efforts.
We are therefore now in a strong posttion in temis of workload management and tssk allocation. whieh is helping
to deliver our operations greater efficiency.
5)
Operatlons
Our current fleet stsnds at:
16-seal diesel minibus, wth wheelchair lrft
16-seal electric minibus
16-seal diesel minicoach
15-seal diesel minibus Iv4heel¢hair acossible)
8-sealer diesel minibus
4-seateT electric car (wheelchair accessible)
Page 3

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Char4tabSe Incorporated Organisationl
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Achievements and performance Icontinuedl
In-year developmenls
School Transport- We have successfully re-negolialed and secured D&G Council service contracts for
school year 2024-2025. thus ensuriNJ we can continue to supwrt our Glenkens y)ung people with
personalised sehool transport solutions.
Regular $ervl¢es: We continue lo run our registered 517 seNce in Kithcudbright, plus a regular
Wednesday serviee to Casue Douglas Tesco / Aidi. In Ihe 5-yearly Bus Ne￿Ork Review led by DG
Council and SWESTrans, we did lose the Bridge of Deelcasue Douglas Schools service, which will impact
our income from August 2025 onwards but we expect this wll be mitigated by other quick contracts.
Mernbership Hires: Our fleet is available for booking by GCT members. either with or without a GCT
driver. This Service is proving more and MO￿ tx)pular. so b(N)k eart￿-
Patient Transport: This semce is provided by volunieer drivers who use their ovm vehicles to take
patients lo h05pilal apFX)inlments, wlh their mileage being reimbursed. 11 is an invaluable resource for
many people in the Glenkens, and more dTÈvers are aNvayE very welcome. This ser￿￿ is supported by
funding from the Poverty and Inequalities Fund, through Third Sector Dumfries and Galloway ITSDGI. The
dernand on this Servi￿ remains high. bul we ￿ntinue to work with the Scottish Ambulance Service to
agree upon a level of service that allows us to 0￿rate effectively and within capacity.
Excursions: We ran 8 excursions to various gardens and the Creative Craft Show in Glasgow, all of
which were sold out. We are already planning the 2026 schedule based on the feedback from our valued
service users. We were also pleased to provide a bus Serv￿ for Spring Fling 2025, which went very well.
Process upgrade$:
We have consolidated a new dectronic vehide check system for drivers. using a smartphone app.
which has been well received by our drivers.
We have developed oui Facebook page to expand our communications reach.
61
Strategic Work
We continue to represent the Glenkens at the region81 Community TransFx)rt Ne￿rk meetings. and are working
with Third Seclor Dumfries and Gallowdy as they seek to create their model for region-wide coverage of
community transport. Gallowdy Community Transport remains one of the 9old-standard Community Transport
Organisations in the regi￿. and we are delighted to work wiEh our peers to share learnings and support each
other.
We are also Working wtth Dumfrles and Galloway Council Transport department to identify opportunities where
we can provide soiulions to the challeThJes of implementing the Regional Transport Strategy in remole-rural
areas like the Glenkens. We offer a strong base from wthich lo pilot innovative solutions. and look forward to
continuing this work.
We are also represented on the SoLrth of Scoyand Regional Economic Partnership 'Slrategic Acton Group -
Tr8nsport' through Helen Keron. GCAT Chief Exe¢ulive. In this roje. she advocates for remole-rural transport
challenges lo be addressed at a s(￿th of Scotland level through national partnerships and SLTrPPOrt.
b. Investment policy and perfom)ance
The charity does not hold any irwestments other than cash at bank held wth a commerck41 high street bank.
Page 4

GALLOWAY COMMUNITY TRANSPORT SCIO
(A Seottlsh Charitable In¢orporated Organi&*ion)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Financial review
a. Going eoncern
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason. they continue lo adopt
the going concem basis in preparin9 the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Reserves policy
In the Trustees, view, the ￿SeTVeS should provide the charity with adequate financial stsbility and the means for
it lo rneel its charitable objectives for the foreseeable fLrture.
The Trustees manage GCT reserves in line the GCAT ReseNes Policy. and the GCT reserves are included
in the sum stated in the consolidated accounts. Consolidated accounts for GCAT (The Glenkens Community
and Arts Trust, company number SC222083} are publicty available and can be obtained from Companies House.
Structure. govemance and management
a. Constitution
Galloway Community Transport SCIO, which is a rewgnised charity in Scoll8nd. is registered as a Scottish
Charitable Incorporated Organisalion and was set up by a Memorandum of Association on 28 June 2019.
The principal object of the charity is to provide a range of transwrt seNces for the benefit of the community.
b. Methods of appolntment or election of Trustees
The management of the Charity is the ￿$￿K)nSIbIl￿ of ihe Trustees who are elected and co-opled under the
terms of the Trust deed. and who are also always Directr)rs of the Board of GCAT.
. Organisational Structure and declsionrymaking policies
The GCT Manager rnakes decisions regarding day-to4ay operations and advises on strategic planning. The
Manager reports to the GCAT Chief Executive and is supported by the GCT sub-committee, which has
membership drawn from volunteer drivers, Ihe wder Community and a GCAT Director. The GCT sutxommittee
reports to the GCAT Board al each Board meeting wa that GCAT Director.
d. Related party relationships
The charity has an operational arrangement The Glenkens Community and Arts Trust Limited IGCATI to
provide staff and management SeN￿s. Galloway Communty TrdnSPX)rt is a separate SCIO wth all of the
Directors of GCAT also being TTuslees of Galk)way Community TranspcKt.
The relationship between GCAT and GCT is fomialised a Mernorandum of Understsr*ding which is reviewed
annually by the GCAT Board.
Page 5

GALLOWAY COMMUNITY TRANSPORT SCIO
{A Scottish Charitable Incorporated Organisationl
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Plans for future periods
'We are working with D&G Council Transport depl to see how we can continue to supoort the Regional Transport
Stralegy.
We are planning a joint bid to the 'People and Places. Scotbsh Govemmenl fund, for an ambitious expansion of
our servi￿, in partnership with Wigtownshire Community Transport and Annandale & Eskdale Community
Transport. We are being supported by TSDG in this wcKk. and if it is successful. should result in a step-change
in our delivery trom April 2026.
We have applied to the Plugged In CommunitFes fund for rn0￿ electric buses, in line with our fleet
decarbonisalion aspirations, plus a charger for GCT vehides lo be sited al the Catstrand in New GallDway.
In appreciation
A sincere thank you to all our volunteer drivers. both for buses and patient transport- we simply cannot function
wthout your dedication, flexibility and supwrt. Thanks also to our dedicaled GCT Sub-committee volunteers who
provide detailed strategic oversight. operatiorbal support and financial guitJan¢e on behalf of the GCAT Board.
Thank you to the GCT staff. Jon. Jason and Andrea. work above and beyond to support the people of the
Glenkens with their transport needs. Thank you as well to the Leadership and Business Support teams in GCAT.
who provide strategic guidartce, line m8n8gement. financial SLSPPOrt and office space.
Thank you to the Maxwelts who continue to all(Y•V US to park our vehides in their bam - it is very much
appreciated.
And lastly, thank you to all the LEsers of Galloway Community Transport, from our regular passengers to the
minibus hires to the young people we lake to school - we hope we've been of service and we hope lo see you
next year!
Approved by order of the members ol the board of Trustees and signed on their behalf by..
PNFryer
Trustee
Dale.. io
Page 6

GALLOWAY COMMUNITY TRANSPORT SCIO
(A Scottish Charitable Incorporated Oryanisationl
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with
applicable law and Untled Kingdom Accounting Standards (United lfjngdom Generally Accepted Aco)unling
Praclicel.
Charity law requires the Trustees lo prepare financial ststements for each financial year. Under charity law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the stsle of affairs of the Charity an¢J of its in¢oming resources and application of resources. including its income
and exponditurc, foi that period. In preparing these finanaal statements. tha Trustees are required to..
select suitable accounling policies and then apply them consistenuy,
obsetve the methods and principles of the Charibes SORP IFRS 1021..
make judgments and accounting estimates that are reasor)able and prudent,"
slate whether applicable UK Accounting Standards {FRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial ststements",
prepare the financial ststements on the going ¢x)ncem basis unless il is inappropriate to presume that the
Charity will continue in busines5.
The Trustees are responsible for keeping adequate acoxjunting records that are sufficient to show and explain
the Charivs transactions and disclose with reasonable accuracy at any bme the financial position of the Charity
and enable them to ensure that the financial ststements comply wth the Charities and Trustee Inveslrnenl
IScotl8ndl Act 2005 and the Charities AccoLFnts IScolland} Regulations 2(X)6 las amended). They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and deledion of fraud and other irregulartb"es.
Approved by order of the members of the board of Trustees ar￿ signed on its behalf by.
PNFryer
Trustee
Dale.. l o ?￿[0
Page 7

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charitable Incorporalèd Organisationl
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
Independent Examiner's Report to the Trustees of Galloway Community Transport scio
I reporl on the accounts ol ihe char1ty lor the year ended 31 Augusi 2025 which are set out on pages 9 to 24.
R8spe¢live ResE>onsibilities of Trustee$ and Examiner
The trustees are responsible for the preparation of the financrdl statements in accordance with the terms of the
Charities and Trustee Invesknenl (Scollandl Act 2005 1.the Act'} and the Charities Accounts (Scollandl
Regulation 2006 I'lhe Accounts Regulations')- The trustees consider that the audit requirement of Regulation
10{1llal to Icl of the Accounts Regulations does nol apply. 11 is my re5wnsibility to examine the financial
statements as required under section 44(11{cl of the Act and to stale whether particular matters have come to
my attention.
Basls of Independent Examinerfs Statement
My examination was carried out in accordance wilh regula￿n 11 of the Accovnls Regulations. An examination
includes a review of the accounbn9 reconls kept by the charity and a comparison of the financial ststements
presented wilh those records. 11 also includes consideration of any unusual items or disclosures in the financial
stslemenls. and seeking explanations from you as trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be requifed in an audit. and consequenuy I do not express
an audit opinion on the view given by the accounts.
Independent Examlner's Ststement
In the course of my examinatÉon, no matter has come to my attention:
which gives me reasonable cause to bdieve that in any material respect the requirements..
lo keep accounting records in accordance with section 44(11{al of the Act and regulation 4 of the
Accounts Regulations." and
lo prepare financial statements whith accord with the accounting rewrds, Accounting and
Reporting by Charities preparing their accoun15 in accordance with the Financial Reporting
Standard iri the UK and Republic of Ireland IFRS 102} and in other respects comply with ￿gulatIon
8 of the Accounts Regulations
have not been mel., or
to which. in my opinion, atten￿n should be drawn in order to enable proper understanding of the financial
ststements to be reached.
This report is made solely lo the charilvs Trustees, as a b￿[y. in accordance wth regulation 11 of the Charities
Accounts IScolland} Regulations 2006. My work has been undertaken so that I might stale lo the charity's
Trustees those matters l am reqUI￿d lo slate to them in an Independent Examinerfs Report and for no other
purpose. To the fullest extent permitted by law. l ¢kJ not accept or assume responsibility lo anyone other than the
charity and the charivs Trustees as a bo(ly. for my work or for this report.
Signed."
Dated: 140 rfbch w21
Karen Rae FCCA DChA
Amistrong Watson LLP, 51 Rae Street. Dumfries. DG1 1JD
Page 8

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charptable Incorporated Organtsation)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE Y&4R ENDED 31 AUGUST 2025
Restricted Unrestricted
fund$
funds
2025
2025
Total
funds
2025
Tot81
funds
2024
Nots
Income from:
Donations and legacies
Charitable activities
5.501
166.944
714
5.501
185.674
714
103,390
173,867
165
18.730
Investments
Total income
18.730
173.159
191.889
277,422
Expendlture on:
Charitable activities
9,986
224,066
234.052
211.226
Total expenditure
9,986
224.066
234,052
211.226
Net movement in funds
8.744
150.90n
{42,1631
66, 196
Reconciliation of funds-
Total funds brought forward
Net movement in funds
18.496
8.744
341.364
{50.90n
359,860
(42,1631
293.664
66.196
Total funds carrfed forward
27.240
290.457
317.697
359,860
The Statement of Financial Actiwties indudes all gains and losses recognised in the year.
The notes on pages 11 to 24 form part of these financial statements.
Page 9

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charitabla Incorporated Organisationl
REGISTEREO NUMBER:
BALANCE SHEET
AS AT 31 AUGUST 2025
2025
Flxed assets
Tangible assets
227.985
285, 994
227.985
285,194
Current assets
Debtors
Cash at bank and in hand
10
13.219
79.284
4,284
72.232
92.503
76.516
Creditors-. amounts falliThJ due within one
year
11
{2.7911
(1.850)
Not currant assets
89.712
74,666
Total nat assats
317.697
359.860
Charity funds
Restricted funds
Unrestricted funds
12
27.240
290,457
18,496
341,364
12
Total funds
317.697
359,860
The financial statements were approved and authorised for issue by the Twstees and signed on their behalf by.
PNFryer
Trustee
Dale.. 10 Z)L
The notes on pages 11 to 24 form part of these fina￿181 ststements.
Page 10

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charitable In¢ory)orat8d Organisation)
NOTES TO THE FINANCEAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
General information
Galloway Community Transport is a Scoth"sh Charitable Incorpordted Organisation registered with OSCR.
GCT is SCIO wlh strong operational links and common Tnjslees wlh The Glenkens Community and Arts
Trust. The ￿gIStered address and prinrypal of I￿sInesS is The Calstrand, H￿h Street, New
Galloway, DG7 3RN.
Accountlng poll¢les
2.1 Basis of preparation of financial slatements
The financial statements have been prepared in accordance with the Charrties SORP {FRS 1021-
Accounting and Reporting by Charities= Stalemenl of Recommended Practice applicable lo ch2rilies
preparing their accounts in accordance the Financial Reporting Stsndard applicable in the UK
and Republic of Ireland IFRS 102) leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102)-
Galloway Community TransFKJrt SCIO meets the definib.on of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised al historical Cost or transaction value unless otheThwse
stated in the relevant accounting wlicy.
2.2 Going concem
The Trustees have reviewed the coming 12 months from September 2025 to August 2026 in their
Going Concem assessment, induding various scenarios such as the shortage of an available vehicle
or suitable drivers as well as a toss of funding and they are confident that through the sUC￿$Sful
maintenance of core contracts, accessing a national support scheme and prudent planning, they
have suffictenl resources available to meet their needs for a period beyond 12 months from the point
of 5ignillg.
Page11

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charitablè Incorporated Organisationl
NOTES TO THE FINANCIAL S I ATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies (continued)
2.3 Income
All income is recognised once Ihe Charity has entiuement lo the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Ststement of Financial Activities on a receivable basis. The balance of
income received for spectfic purposes bul not expended during the period is shown in the relevant
funds on the Balance Sheet. Where inci)me 15 received in advance of entidement of receipt, its
recognition is defe￿d and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Where the donated gcth is a fixed asset. il is measured at fair value, unless il is impractical lo
measure this reliably, in which case the cost of the item to Ihe donor should be used. The gain is
recognised as income Irom donations and 8 corresponding amount is included in the appropriate
fixed asset class and deFveciated over the useful economic life in accx)rdance with the Charity's
accounting policies.
On receipt. donated professional serwces and facililies are recognised on the basis of the value of
the gtft to the Charity which is the amount it would have been willing to pay to obtain services or
facilities of equivalent economic benefit on the open mathet- a corresponding amount is then
recognised in expenditure in the period of receipt.
Income tsx recoveral￿e in relation to invesknent income is recognised at the time the investment
income is receivable.
Other income is recconised in the period in which tt is receivable and to the extent the goods have
been provKled or on completion of the service.
2.4 Expenditure
Expènditure is recognised On￿ there is a legal or (yjnstructive obligation to transfer economic benefit
to a third paty, il ss probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured rdiabty. Expenditure is classified by aclivily. The costs
of each activity are made yp of the totsl of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to 8 single activity are allocated directly
to that activity. Shared costs which ￿ntribUte to more than one activity and support Costs which a
r￿t attributable to a single acliwty are apportioned bewn those activities on a basis consislenl with
the use of reSoU￿s. Central staff costs are all￿ted on the basis of time spent. and depreciation
charges allocated on the FKJrbon of the asset's use.
Expenditure on charitable aCti￿tieS is incurred on directly undertaking the activibes which further the
ChariVs objectives, as well as any associated support costs.
Al expenditure is indusive of irrec4)verable VAT.
2.5 Interest receivable
Interest on funds held on derK)sit is included when receivable and the amount can be measured
reliably by the Charity, this is nom)alty upon notification of the interest paid or payable by the
institution bwth whom the funds are deposited.
Page 12

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charitsble In¢orporated Organlsatlon)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies Icontinued)
2.6 Tangible fixed assets and depreciation
Tangible fixed assets cosling or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are inttially recognised at cost. After recognition, under the cost model, tsngible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losse5. Al costs incuried lo bring a tangible fixed asset into its intended working condition should be
induded in the measurement of cost
Depreuation is charged so as to allocate the cost of tangibje fixed assets less their residual value
over their esbmated useful INes, using the str84ght-line method.
Depr￿lation is piowded on the following basis:
Plant and machinery
Motor vehicles
offi￿ equipment
25% straight line
20% reducing balance
25% straight line
2.7 Debtors
Trade and other debtors are recc¥Jnised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and In hand
Cash al bank and in hand includes cash and short-tem) highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilitie5 and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, il is probable that a Iransfer of economic benefit will be required in settlement. and the amount
of the sewement can be estimaled reliably.
LIabilit￿S are recognised at the amount that Ihe Charity anb¢Épates it will pay to settle the debt or the
amount il has received as advanced payments for the goods or services tt musl provide.
Provisions are measured at the best estimate of the amounts required to settle the obligats'on. Where
the effect of the time value of money i8 material. the provision is based on the present value of those
amounts, discounted at the pre-tsx discount rale that reflects the risks specific to the liability. The
unwnding of the dI￿Ount is recL*Jni5ed in the Statement of Financial ACIN￿e$ as a finance cost.
2.10 Flnanclal Instruments
The Chaiity only has financial assets and financial liabilities of a kind that qualfy as basic financial
inslrumenls. Basic financial inslrumer5ts are iniknally recognised al tr8n5aclion value an($ subsequently
measured at their settjemenl value with the ex￿ption of bank loans which are subsequenuy
measured at amorbsed cost using the effective interest method.
Page 13

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE Y&4R ENDED 31 AUGUST 2025
Accounting policies (Gontinuedl
2.11 Fund accounting
General funds are unrestricted funds which are availaNe for use al the discretion of the Trustees in
rther8n￿ irf the general obiectbves of the Charity and wthich have not designated for other
purposes.
Designated fvnds comprise unrestricted ￿ndS that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is sel out in the notes to the financial
ststements.
Reslri¢led funds are funds which are to be used in accordance specrfic restrictions imposed by
donors or which have been raised by the Charity for parbcular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set CNJt in the notes lo the financial slatements.
Investment income. gains and losses are alk)caled lo the appropriate fund.
Income from donations and legacies
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Donations
Grants
5.500
5.500
5.501
5,501
Restncted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Donations
Grants
77,589
25.500
301
T7.890
25.500
103.089
301
103,390
Page 14

GALLOWAY COMMUNITY TRANSPORT SCIO
(A Scottish Charitsble Incorporated Organisationl
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Income from charitsble activlties
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Patient transport
Communty transport
E-bike income
18,730
18,730
166,594
350
166,594
350
18,730
166.944
185,674
Restricted un￿$t[leted
funds
funds
2024
2024
Total
funds
2024
Patient transport
Community transport
E-bike income
9.735
9. 135
164,203
529
164,203
529
9.135
164, 732
173,867
Investrnent income
Unrestricted
funds
2025
Total
funds
2025
Bank interest received
714
714
Unresthcted
funds
2024
Total
funds
2024
Bank int&￿$t received
165
165
Page 15

GALLOWAY COMMUNITY TRANSPORT SCIO
IA SGottish Charitable Incorporatad Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Analysss of expenditure by activities
Activities
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
Patient transport
Community transport
9,986
194,884
9.986
224.066
29.182
204,870
29,182
234.052
AGIN￿eS
undertaken
directly
2024
Support
costs
2024
Total
fvnds
2024
Patient transp)rt
Communitytransport
6,167
180.822
6.167
205,059
24.237
186,989
24.237
211.226
Analysis of direct ￿sts
Patient Communlty
transport
transport
2025
2025
Total
funds
2025
Depreciation
Recharged wages
Travelling expenses
Bus running costs
Self employed driver costs
57,209
47,448
57,209
47,448
9,986
24,523
65,704
9.986
24.523
65,704
9,986
194,884
204,870
Page 16

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charitable Incorporated Organisationl
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Analysis of expenditure by actlvlties {continued)
Analysis of direct costs Icontinuedl
Patient Community
transport
transport
2024
2024
Total
funds
2024
Depreciation
Recharged wages
Travelling expenses
Bus running costs
Self employed driver costs
51,795
42.595
51,795
42,595
6,167
26,099
60,333
6,167
26.099
60,333
6.167
180,822
186,989
Analysis of support costs
Community
transport
2025
Total
funds
2025
Professional fees
Advertising
offi￿ costs
5,239
1,260
19.761
487
2,435
5,239
1,260
19,761
487
2,435
Bank charges
Sundry and training costs
29,182
29,182
Community
tTrnsport
2024
Total
funds
2024
Professional fees
Advertising
Office costs
Bank charges
Sundry and training costs
2,166
1,648
15,758
150
4.515
2. 166
1,648
15,758
150
4.575
24,237
24.237
Page 17

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charitable Incorporated Organisationl
NOTES TO THE FINthCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Independent examinerfs remuneration
2025
?n24
Fees payable to the Charitys indepermlent examiner for the independent
examination of the Charitys annual accounts
Fees payable to the Charitys indeperTrdent examiner in respect OP
All assurance ServI￿S not induded atove
2.000
1.850
345
Trustees. rèmuneration and expenses
During the year. no Trustees received any remunerati￿ or other benefits (2024- £NIL).
During the year ended 31 August 2025. no TTUStee expenses have b8en incurred (2024- £NIL).
Page 18

GALLOWAY COMMUNITY TRANSPORT SCIO
(A Scottish Charitable In¢orporated Organlsatlon)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Tangible fixed assets
Plant and
machinery
Motor
vehicles
Office
equlpment
Total
Cost or valuation
At 1 September 2024
5.952
346,970
1,070
353,992
At 31 August 2025
5,952
346,970
1,070
353,992
Deprgciation
At 1 September 2024
Charge for the year
5.950
62,312
56,941
536
68,798
57,209
At 31 August 2025
5,950
119.253
804
126,007
Net book valuè
At 31 August 2025
227.717
266
227.985
At 31 August 2024
284,658
534
285. 194
10.
Dobtors
2025
2024
Trade debtors
Amounts owed by grcmjp undertakings
VAT repayable
Prepayments and accnJed income
7,518
3,961
36
1.704
575
1,215
117
2,377
13,219
4,284
Page 19

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish CharilabFe Incorporated Organisation)
htOTtS TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
11.
Creditors: Amounts falling due wilhin one year
2025
Trade cre(Jitr)rs
Aceruals and deferred income
791
2,000
1.850
2,791
1,850
Page 20

GALLOWAY COMMUNITY TRANSPORT SCIO
{A Scottish Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
12.
statement of fund$
Statement of funds - current year
Balance at 1
Septernber
2024
Balance at
31 August
2025
Incomg Expondttur8
Unrestricted funds
Deslgnated funds
Capital asset fund
275.849
155.221)
220.628
General funds
General Funds
65.515
173.159
{168.845}
69.829
Total Unrestricted funds
341.364
173.159
1224,066)
290,457
Restricted funds
Patient Transport Service
18.496
18,730
19,986)
27,240
Total of funds
359,860
191.889
1234.052)
317,697
The Palienl Transport Service fund is for funds riry-fenced to provide a CAJmmunty patient transport
project.
The Minibus fund represents an0n￿n0￿$ donations. as well as grants received from Garfeld Weston,
The James T Howat Fund and the Robertson Trust as contributions towards the purchase of new
minibuses. The purchase of Ihe minibus fuEfiled the restriction therefore this has been transferred to a
designated capital asset fund where the depreciation ￿11 be appl*d against each year.
Page 21

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charitablè Incorporatéd Organisalionl
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
12. Statement of funds Icontinuedl
Statement of funds - prior year
Balance at
1 September
2023
8alanGe al
31 August
2024
Transfers
in/oul
Income Expenditure
Unrestricted funds
Designated funds
Capital asset fund
(44,569)
320.418
275,849
General funds
General Funds
43,222
165, 198
(147,990)
5.085
65,515
Total Unrestricted funds
43.222
165,198
(192.559)
325,503
341.364
Restricted funds
Cycle Scoland
Energy Savings Trust
Patient Transport Seryice
Blackcraig
Minibus
5.085
230.GQO
15,35T
(5.085)
(230,000)
9.306
12.500
90.418
(6. 167)
(12.500)
18.496
(90,418)
250,442
112.224
(18.667)
(325,503)
18.496
Total of funds
293.664
277,422
{211,226)
359,860
Page 22

GALLOWAY COMMUNITY TRANSPORT SCIO
(A Scottish Charitable Incorporated OryanisatiODI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
13.
Summary of funds
Sumrnary of funds - current year
Balance at 1
September
2024
Balance at
31 August
2025
Income Expendlture
Desi9naled funds
General funds
Restricted funds
275.849
65,515
18,496
{55.2211
(168,8451
19,9861
220,628
69,829
27.240
173,159
18.730
359,860
191.889
1234,0521
317.697
Summary of funds- prfor year
Balanc8 al
I September
2023
Balence al
31 August
2024
TTrnsfe
in/out
Income Expenditure
Designated funds
General funds
Restricted funds
(44,569)
(147,990)
(18,66T)
320,418
5,085
(325.503J
275,849
65,515
18,496
43.222
250.442
165.198
112.224
293.664
277.422
(211,226)
359,860
14. Analysis of net assets between funds
Analysis of net assets between funds- CUTrent year
Restrlcted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due vrithin one year
227,985
65,263
{2,7911
227,985
92,503
12.7911
27.240
Total
27.240
290,457
317,697
Page 23

GALLOWAY COMMUNITY TRANSPORT SCIO
IA Scottish Charitable Incorporated Organisationl
'E riNI MNI CIAL S I ATEl¢iEi4TS
FOR THE YEAR ENDED 31 AUGUST 2025
14. Analysts of net a$5ets between funds (continued
Analysis of nel assets belween funds - prior year
Restr￿ted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
285, 194
58.020
(1,850)
285, 194
76.516
(1.850)
18.496
Total
18,496
347.364
359.860
15.
Members. Ilabllity
Each member of the charitable company undertakes to contribute to the assets of the charity in the everrt
of il being wound up while helshe is a member. ￿ wtthin one year after helshe ceases to be a member,
such amount as may be required. nol exceeding £1 for the debts and liabilities contracted before helshe
ceases lo be a member.
16.
Related party transactlons
Due to the close connectivity tthEen the entities. the charity has operated an inter-charity loan account
with GCAT. Day lo day staff and management services have also been provided by GCAT, GCT pays
GCAT £1,500 a month for these servI￿s. Al the period end date £3.961 is owed by GCAT and is
included in debt0￿ {2024- £1.215).
17. Controlllng party
The Glenkens Community & Arts Trust {GCATI. a charity registered in Scotland under number SC032050
and a company registered at Companies House ijnder number SC222083. is considered lo be the
controlling party due to Ihe strong operational links and the control exercised by the Board who are also
Trustees of both entibes.
Page 24