**Colinton Village Enterprise Annual Report Receipt and Payment Accounts Year ended 31 March 2025**
**Scottish Charity No. SC049496**
**Colinton Village Enterprise Year ended 31 March 2025**
## **Trustees’ annual report for the year ended 31 March 2025**
The Trustees present their report together with the financial statements for Colinton Village Enterprise for the year ended 31 March 2025.
## **Reference and administrative information**
## **Charity name**
Colinton Village Enterprise
## **Charity number**
SC049496
## **Address**
## **Trustees**
Chair Vice Chair/Acting Secretary Treasurer (Co-opted 11 November 2024) Trustee Trustee Trustee Treasurer (Resigned 31 December 2024)
## **Structure, governance and management**
Colinton Village Enterprise (CVE) is a Scottish Charitable Incorporated Organisation (SCIO). It was registered in its current legal form on 30 July 2019.
## **Recruitment and appointment of Trustees**
CVE SCIO is a membership organisation, and the Trustees are accountable to the members as set out in the constitution. The six Trustees in office will continue until the next Annual General Meeting.
Trustees are recruited from the local community and are voted onto the board at the AGM.
Trustee Ian Cowie resigned on 31 December 2024. Julie Johnson was co-opted to the board on 19 November 2024 and duly elected at the next AGM.
1
**Colinton Village Enterprise Year ended 31 March 2025**
## **Trustees’ annual report continued**
## **Objectives and activities**
CVE’s purpose is to benefit the community of Colinton through:
- The advancement of community development (including the advancement of urban regeneration) within the community.
- The advancement of heritage, to restore and preserve the , a historic building, bringing it back into regular use as an inclusive space in Colinton Village.
- The provision of recreational facilities and events which will support and encourage local clubs and organisations.
- The advancement of arts and culture by hosting and organising performances, exhibitions and rehearsal facilities and events which will encourage creative participation and provide local access to the arts.
## **Summary of the main activities in relation to these objects**
CVE’s main activities as a SCIO have been:
- Progressing the vision of The Shed as a Community Heritage Hub which will provide a vibrant centre for interaction in the village of Colinton by gaining planning permission for the works required.
- Applying for funding for the redevelopment of the ex-coach-house.
- Holding many fundraising community events including:
Easter Spring Fling 31 March 2024 Find out Fridays 4 Fridays in May 2024 Edinburgh Tool Library 15 June 2024 Art in the Park 31 August 2024 Angela’s Treasures, Pit Stop Café 5 &16 November 2024 Christmas in the Park 12 December 2024
## **Achievements and performance**
## **Governance**
On 23 May 2025 the fifth Annual General Meeting of the SCIO was held to elect the Treasurer and a new Trustee, and update to members on progress.
2
**Colinton Village Enterprise Year ended 31 March 2025**
## **Trustees’ annual report continued**
## **Community Projects & Updates**
- Refurbishment of iconic box in village, now fully restored and has been converted into a community share box.
- SW20 have been running a tool borrowing service in our building in conjunction with Edinburgh Tool Library
- Legacy Gift – On 27 October 2023, CVE was informed that our first Charity Trustee had bequeathed us her property and its contents. The property went on the market on 1 August 2024 with the sale agreed in January 2025. The transaction completed on 30 April 2025 and funds of £351,229.41 net of legal/surveyor expenses have now been fully realised by the Charity.
- Bequeathed contents were sold by auction and privately between April and August 2025, netting £7,731 in total.
- A grant award of £300,000 was confirmed on 30 June 2025 from the UK Shared Prosperity Fund, administered by the City of Edinburgh Council (grant commencement date of 1 April 2025 until 31 March 2026)
- Another grant award of £37,400 was received from the Land Trust Fund on 10 October 2025.
- Kim Anderson was elected as the SCIO’s Secretary at the AGM on 23 May 2025.
## **Fundraising**
We continue to apply for capital grants to raise funds for the refurbishment of the building, while work progresses to improve the building for “meantime” use.
We received planning permission for the architectural redesign and development of the building on 17 September 2024.
## **Financial review**
During the year CVE had income of £16,465 (2024: £10,615) and expenses of £8,480 (2024: £9,330) resulting in a surplus for the year of £7,985 (2024: £1,285).
## **Project Progress**
The charity engaged the services of Rollo Developments Limited on 2 October 2025 and has committed £783,150 plus VAT on capital expenditure to convert Spylaw Park Coach House into a Community asset. The building works estimated completion date is late 2026. The building work will be funded from the legacy bequeathed, the grant award of £300,000 and another grant award to £37,400. Fundraising continues for the shortfall.
3
**Colinton Village Enterprise Year ended 31 March 2025**
## **Trustees’ annual report continued**
## **Reserves policy**
The policy of CVE is to use reserves to finance community events, which are designed to cover costs as well as replenish and grow future reserves.
The reserves have been sufficiently built up to proceed with the renovation of the coach house, to bring the asset into more regular use. Planning permission was granted and Rollo Developments Limited have been appointed to do the work post year end.
At the year-end there are reserves of £24,132 (2024: £16,147) all within unrestricted funds (2024: £10,629) and the intention is to build upon these reserves to meet the above objectives.
19/12/2025
Approved by order of the Board of Trustees on ………………… and signed on its behalf by:
4
Colinton Village Enterprise
Year ended 31 March 2025
Independent Examiner's report to the Trustees of Colinton Willage Enterprise
I report on the accountsforthe year ended 31 MarGh 2025 set out on pages sixto nine.
Respective responsibilities of Trustees and Examiner
The Gharivs Trustees are responsible for the preparation of the acGounts in accordance with the
terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities AGGounts
{SGotland) Regulations 2006 (as amended). The charitys Trustees Consider that the audit
requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. My duty is to
reviewthe accounts under Section 44(1)(c) of the Act and report any notable findings.
Basis of the independent Examiner's report
My examination was Garried out in accordance with Regulation 11 of the Charities AGGounts
{SGotland) Regulation 2006. An examination includes a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items ordisclosures in the accounts and seeking explanationsfrom you
asTrustees concerning any such matters. The procedures undertaken do not provide allthe evidence
that would be required in an audit, and consequently I do not express an audit opinion on the view
given by the accounts.
Independent Examiner's statement
In connection with my statement, no findings have come to my attention:
{1) which gives me reasonable cause to believe that. in any material respect, the requirements
to keep accounting records in accordance with Section 44 (1){a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations and
to prepare accounts V4hich accord with the accounting records and to comply with
Regulation 8 of the 2006 Accounts Regulations
have not been met" or
{2) to which. in my opinion. attention should be drawn to enable a proper understanding of the
accounts to be reached.
22 December 2025
**Colinton Village Enterprise Year ended 31 March 2025**
## **Statement of receipts and payments for the year ended 31 March 2025**
|**Notes**
**Receipts**
Grants and donations
**4**
Income from fundraising events
**Total receipts**
**Payments**
Event expenses
**Costs of charitable activities**
Repairs and renewals
Insurance
Flowers and tubs
Heat and light
Computing and IT
Sundry
**Governance costs**
Accountancy
Legal expenses
**Asset purchases**
Planning permission fee
**Total payments**
**Surplus/(deficit) for the year**
Cash funds brought forward
Transfers between funds
**Cash funds carried forward**|**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**Year ended**
**31 March**
**2025**
**£**
**Year ended**
**31 March**
**2024**
**£**
750
1,598
2,348
1,950
14,117
-
14,117
8,665|
|---|---|
||**14,867**
**1,598**
**16,465**
**10,615**|
||1,400
2,334
3,734
5,394
554
-
554
1,286
911
-
911
1,055
-
-
-
92
307
-
307
397
116
-
116
41
278
-
278
435
660
-
660
630
720
**-**
720
-
-
1,200
1,200
-|
||**4,946**
**3,534**
**8,480**
**9,330**|
|||
||**9,921**
**(1,936)**
**7,985**
**1,285**|
|||
||10,629
5,518
16,147
14,862|
|||
||3,582
(3,582)
-
-|
|||
||**24,132**
**-**
**24,132**
**16,147**|
6
**Colinton Village Enterprise Year ended 31 March 2025**
## **Statement of balances as at 31 March 2025**
|Opening cash at bank
Surplus/(deficit) for the
year
Transfer between funds
Closing cash at bank
**Bank balances**
**Bank current account**|**Unrestricted**
**Funds**
**£**
**Restricted**
**Funds**
**£**
**Total**
**2025**
**£**
**Total**
**2024**
**£**
10,629
5,518
16,147
14,862
9,921
(1,936)
7,985
1,285
3,582
(3,582)
-
-|
|---|---|
||24,132
-
24,132
16,147|
||**Unrestricted**
**Funds**
**£**
**Restricted**
**Funds**
**£**
**Total**
**2025**
**£**
**Total**
**2024**
**£**
24,132
-
24,132
16,147|
## **Assets**
The charity owns Spylaw Park Coach House purchased for £42,194.40. The community asset transfer was finalised on 2 July 2021. Additional expenditure in relation to planning permission fees of £1,200 has been capitalised.
## **Non–current assets as at 31 March 2025**
|**Non-current assets**|**As at 31 March**|
|---|---|
||**2025**|
||**£**|
|Spylaw Park Coach House|£42,194|
|Planning permission fees|£1,200|
|**Total non-current assets**|**£43,394**|
## **Liabilities**
Accounts are prepared on a receipts and payments basis, at the year-end an accounting fee of £690 was outstanding.
The financial statements were approved by the Board of Trustees and authorised for issue on 19/12/2025 ………………and were signed on its behalf by:
7
**Colinton Village Enterprise Year ended 31 March 2025**
## **Notes to the accounts**
## **1. Basis of accounting**
These accounts have been prepared on the receipts and payments basis in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
## **2. Nature and purpose of funds**
Unrestricted funds are those that may be used at the discretion of the Trustees in furtherance of the objects of the charity. The Trustees maintain a single unrestricted fund for the day-to-day running of the charity.
Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes.
## **3. Related party transactions and Trustees renumeration**
There were no related party transactions in the year to 31 March 2025 or the year to 31 March 2024.
No Trustees have received renumeration in the year to 31 March 2025 or the year to 31 March 2024.
## **4. Grants and donations**
|**4. Grants and donations**||
|---|---|
|Pentlands Community Fund
Grant – CEC
Miscellaneous
Donations
**Total grants and donations**|**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**Total**
**2025**
**£**
**Total**
**2024**
**£**
-
1,598
1,598
-
-
-
-
1,800
750
-
750
150|
||750
1,598
2,348
1,950|
## **5. Cost of charitable activities**
|Repairs and renewals
Insurance
Flowers and tubs
Heat and light
Computing and IT
Sundries
**Total cost of charitable activities**|**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**Total**
**2025**
**£**
**Total**
**2024**
**£**
554
**-**
554
1,286
911
**-**
911
1,055
-
**-**
-
92
306
**-**
306
397
115
**-**
115
41
278
**-**
278
435|
|---|---|
||2,164
-
2,164
3,306|
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**Colinton Village Enterprise Year ended 31 March 2025**
## **6. Movement in Funds**
|**Restricted Funds**
Pentlands
Community Fund
Scottish Land
Fund
**Total Restricted**
**Funds**
**Unrestricted**
**Funds**
General
**Total Funds**|**Balance at**
**1 April 2024**
**Income**
**Expenditure**
**Transfer**
**Balance at**
**31 March**
**2025**
**£**
**£**
**£**
**£**
**£**
**-**
1,598
(1,598)
**-**
5,518
**-**
(1,936)
(3,582)
-|
|---|---|
||**5,518**
**1,598**
**(3,534)**
**(3,582)**
**-**|
||10,629
14,867
(4,946)
3,582
24,132|
||**16,147**
**16,465**
**(8,480)**
**-**
**24,132**|
9