REGISTERED CHARITY NUMBER: SC049566
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
FOR
NEWBURGH AND YTHAN COMMUNITY TRUST SCIO
CHARTERED ACCOUNTANTS
4 West Craibstone Street Bon-Accord Square Aberdeen AB11 6YL Telephone 01224 590227 Facsimile 07224 575409 e-mail: aberdeen @bainhenryreid.co.uk Website: bainhenryreid.co.uk
also at Peterhead, Turriff and Ellon
- NEWBURGH AND YTHAN COMMUNITY TRUST SCIO
.
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
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|Report|of the Trustees|[|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|3|
|Notes|to|the|Financial|Statements|6|to|10|
|Detailed|Statement|of Financial|Activities|It|
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* NEWBURGH AND YTHAN COMMUNITY TRUST SCIO 5 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The organisation's purposes are to promote solely through pursuing charitable objectives the general good of the community represented by Foveran Community Council, Aberdeenshire, and its environs and, without prejudice to the foregoing generality, to assist the work of statutory authorities and voluntary organisations engaged in advancing education, the provision of recreational facilities, the organisation of recreational activities, and the conservation of the cultural, historic and natural heritage of the area with the object of improving the conditions ef life for the persons for whom the facilities or activities are primarily intended furthering good health outcomes. and recreation.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Artist in Residence The Trust grant aidedFs a wildlife artist, to undertake a year’s artist in residence to paint the wildlife of the Ythan estuary. The residency will culminate in an exhibition of 16 ofJJ paintings at an exhibition in Newburgh Village Hail from 21-23 November 2025. In addition to assisting with meeting the cost of art materials, the grant covers the cost of bus transport.
Newburgh Seal Viewing Experience Report
The popularity of the Newburgh Seal Viewing Experience Project continues to grow with some 50,000 vehicle movements to and from the Newburgh Beach Road Car Park. In addition to a growing number of cars using Beach Road, there has been an increase in pedestrians walking along Beach Road from the A975 Aberdeen to Cruden Bay road. The increase is mostly due to visitors using public bus transport from Aberdeen and those coming from or going to the Newburgh Inn.
The Trust was awarded a grant from Aberdeenshire Council Local Action Group to undertake an outline design of a combined cycleway and footpath from the Newburgh [nn to the Beach Road Car Park. This was completed in the autumn of 2024 and the Trust is presently discussing svith landowners consent for construction of the path across their fand. The aim of the project is to provide a safe active travel route for pedestrians and cyclists to and from the A975 road fo the Beach Road Car Park.
James McBey Project
The Trust, in conjunction with the James McBey Project Team, undertook detailed planning of an exhibition of paintings of the artist James McBey whose childhood home was in Newburgh. The emphasis is on the international paintings and etchings to include his famous painting, 'Zorah: Moroccan Girl Sleeping’. The exhibition took place from 19-21 September and some 300 people viewed the paintings.
Newburgh Lifeboat Building
The largest and most complex project for 2024/25 was undertaking a feasibility study on the restoration of the Newburgh Lifeboat building (buiit in 1877) and repurposing it as a maritime museum telling the story of the oldest lifeboat station in Scotland {established in 1828) and the once busy port of Newburgh in the nineteenth and the first half of the twentieth century. The Trust were successful in obtaining a grant from the Architectural Heritage Fund to support a structural survey, a flood Management/mitigation plan and an outline design and costing for the restoration. In summary the feasibility study found that the resloration is feasible and the next stage is to apply for a conservation grant from the National Lottery Heritage Fund (NLHF) to undertake a conservation plan, a detailed costed design for restoration and fit-out as a maritime museum and a business plan for its management. The detailed design will be included in a planning application for consent to restore and repurpose the life building as a maritime museum. The final phase of works will involved a further grant application to the NLHF for a delivery grant to undertake the restoration and fit out. The timeline for completion is late 2027.
Running in paralle] with the feasibility study the Trust is negotiating a long term lease on the lifeboat building with the owners, the Udny Trust. A letter of support was received from the owners as part of the grant application to the Architectural Fund, and given that restoration is feasible, the Trust is currently negotiating the terms and conditions of the 40 year lease with the owners. This fs required to be in place before a development grant from the NLHF can be awarded.
Governance : Since the 2023/24 annual report there have been 3 meetings of the Trust to include its annual general meeting on 29 November, an ordinary meeting on the same date. and one further ordinary meeting on 7 January 2025. There has been no changes in the governance of the Trust with all 5 trustees continuing in office together with the respective roles of chairperson, secretary and treasurer.
NEWBURGH AND YTHAN COMMUNITY TRUST SCIO ; REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
FINANCIAL REVIEW
Reserves policy
At present the Trust does not have a policy on reserves but one will be put in place as part of the Trust's first 5 year forward strategy and operational plan 2020-2025.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes a Scottish Charitable Incorporated Organisation (SCIO).
Recruitment and appointment of new trustees In accordance with the charity's deed of trust a maximum of 5 and minimum of 3 trustees may be appointed at any given time. A person shall not be eligible for cicction/appointment to the board of trustees unless they are a member of the organisation; a person appointed to the board on the basis that they have specialist experience and/or skills which could be of assistance to the board need not, however, be a member ofthe organisation.
At each AGM. the members may elect any member to be a charity trustee. The board may at any time appoint any member to be a charity trustee. At cach AGM, all of the charity trustees elected/appointed shall retire from office - but shall then be eligible for re-election. A charity trustee retiring at an AGM wil! be deemed to have been re-elected unless they advise the board prior to the conclusion of the AGM that they do not wish to be re-appointed as a charity trustee; or an election process was held at the AGM and they were not among those elected/re-elected through that process; or a resolution for the re-election of[that][charity][trustee][was][put] to the AGM and was not carried.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number $C049566
Independent Examiner Bain Henry Reid Chartered Accountants 4 West Craibstone Street Bon-Accord Square ABERDEEN ABI! 6YL
Approved by order of the board of trustees on 4 November 2025 and signed on its behalf by:
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2,
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Page 2
- INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEWBURGH AND YTHAN COMMUNITY TRUST SCIO
[ report on the accounts for the year ended 31 August 2025 set out on pages four to ten.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsibie for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotiand} Act 2605 and the Charities Accounis (Scotland) Regulations 2006 (as amended). The charity’s trustees consider that the audit requirement of Regulation 10(1){a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordance with Regulation |] of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kepf by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has 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 which 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 in order to enable a proper understanding of the accounts to be reached,
Bain Henry Reid
Chartered Accquntants 4 West Craibstone Street Bon-Accord Square ABERDEEN ABIL 6YL
4 November 2025
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8,
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Page 3
- NEWBURGH AND YTHAN COMMUNITY TRUST SCIO
< STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
STATEMENT OF FINANCIAL ACTIVITIES
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|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|rl|£|£|£|
|INCOME AND ENDOWMENTS|FROM|
|Donations and|legacies|2|-|24,242|24,242|91,044|
|Charitable|activities|
|Seal|watching|project|68,763|-|68,763|51,817|
|Investment|inceme|3|1,119|-|1,119|2.475|
|Total|69,882|24,242|94,124|145.336|
|EXPENDITURE|ON|
|Other|.|§2,128|-|§2,128|28,980|
|NET|INCOME|17,754|24,242|41,996|116,356|
|Transfers|between|funds|9|24,242|(24,242)|-|-|
|Net|movement|in|funds|41,996|-|41,996|116,356|
|RECONCILIATION|OF|FUNDS|
|Total|funds brought|forward|478,794|-|478,794|362,438|
|TOTAL|FUNDS|CARRIED FORWARD|520,790|-|520,790|478.794|
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The notes form part of these financial statements Gi
Page 4
NEWBURGH AND YTHAN COMMUNITY TRUST SCIO
. BALANCE SHEET
31 AUGUST 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 6 | 408,365 | - | 408,365 | 395,875 |
| CURRENTASSETS | |||||
| Debtors | 7 | - | - | - | 12.830 |
| Cash at bank | 122,005 | - | 122,005 | 71,214 | |
| 122,005 | - | 122,005 | $4,044 | ||
| CREDITORS | |||||
| Amounts fajling due within one year | $ | (9,580) | - | (9,580) | (1,125) |
| NETCURRENTASSETS | 112,425 | - | 112,425 | 82.919 | |
| TOTAL ASSETS LESS CURRENT | LIABILITIES | 520,790 | - | 520,790 | 478.794 |
| NETASSETS | 520,790 | - | 520,790 | 478,794 | |
| FUNDS | 9 | ||||
| Unrestricted funds | 520,790 | 478.794 | |||
| TOTALFUNDS | 520,790 | 478.794 |
The financial statements were approved by the Board ofTrustees and authorised for issue on 4 November 2025 and were signed on its behalf by:
The notes form part of these financial statements
- NEWBURGH AND YTHAN COMMUNITY TRUST SCIO : NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1, ACCOUNTING POLICIES
Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102} ‘Accounting and Reporting by Charities: Statement of Recommended Practice 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 [02 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities and Trustee Investment (Scotland) Act 2005. The financiat statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources,
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the term of the lease
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees,
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions 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 included in the notes to the financial statements.
2,
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Donations | - | 5,167 |
| Grants | 24,242 | 85.877 |
| 24,242 | 91,044 | |
| Grants received. included in the above, are as follows: | ||
| 2025 | 2024 | |
| 3 | £ | |
| Nature Scotland | - | 9,267 |
| Aberdeenshire Council | 24,242 | 76,610 |
| 24,242 | 85.877 |
- NEWBURGH AND YTHAN COMMUNITY TRUST SCIO
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2025
:
3. INVESTMENT INCOME
Bank interest received
| 2025 | 2024 |
|---|---|
| £ | iE |
| 1,119 | 2,475 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no irustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
Trustees' expenses
During the year 2 trustees received payment for travel expenses totalling £20 (2024: £55 for 2 trustees).
- 5: COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| fund | fund | funds | |
| £ | £ | £ | |
| INCOMEAND ENDOWMENTSFROM | |||
| Donationsand legacies | 5,167 | 85,877 | 91,044 |
| Charitable activities | |||
| Seal watching project | 31.817 | - | 31,817 |
| Investment income | 2,475 | - | 2,475 |
| Total | 59.459 | 85.877 | 145,336 |
| EXPENDITURE ON | |||
| Other | 28,980 | - | 28,980 |
| NET INCOME | 30,479 | 85,877 | 116,356 |
| Transfers between funds | 85,877 | (85,877) | - |
| Net movement in funds | 116,356 | - | 116,356 |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 362,438 | - | 362,438 |
| TOTALFUNDSCARRIEDFORWARD | 478.794 | - | 478,794 |
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Page 7
NEWBURGH AND YTHAN COMMUNITY TRUST SCIO
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2625
mS
| 6. | TANGIBLE FIXEDASSETS | TANGIBLE FIXEDASSETS | |||||
|---|---|---|---|---|---|---|---|
| Improvements | |||||||
| to | |||||||
| property | |||||||
| £ | |||||||
| COST | |||||||
| At 1 September2024 | 425,366 | ||||||
| Additions | 32,993 | ||||||
| At31 August 2025 | 458,359 | ||||||
| DEPRECIATION | |||||||
| At |
] September 2024 | ||||||
| Charge foryear | 20,503 | ||||||
| At31 August 2025 | 49,994 | ||||||
| NET BOOK VALUE | |||||||
| At 31 August 2025 | 408,365 | ||||||
| At 31 August 2024 | 395.875 | ||||||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| VAT | - | 12,830 | |||||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||||
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| Trade creditors | 150 | - | |||||
| Taxation and social securily | 3,267 | - | |||||
| Othercreditors | 6,£63 | 1,125 | |||||
| 9,580 | 1,125 | ||||||
| 9, | MOVEMENT IN FUNDS | ||||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1/9/24 | in funds | funds | 31/8/25 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted funds | : | : | |||||
| General fund | 478,794 | 17,754 | 24,242 | §20,790 | |||
| Restricted funds | |||||||
| Restricted fund | - | 24,242 | (24,242) | = | |||
| TOTALFUNDS | 478,794 | 41,996 | - | 520,790 |
BAIN HENRY REID
- NEWBURGH AND YTHAN COMMUNITY TRUST SCIO
;
. NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2025
5. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|69,882|(52,128)|17,754|
|Restricted|funds|
|Restricted|fund|24,242|-|24,242|
|TOTAL|FUNDS|94,124|(52,128)|41,996|
|Comparatives|for movement|in|funds|
|Net|Transfers|
|movement|between|At|
|At|1/9/23|in funds|funds|31/8/24|
|.|ri|£|£|£|
|Unrestricted|funds|
|General|fund|362,438|30.479|$5,877|478,794|
|Restricted|funds|
|Restricted|fund|-|85,877|(85,877)|-|
|TOTAL|FUNDS|362.438|116,356|-|478,794|
|Comparative|net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|59,459|(28,980)|30,479|
|Restricted|funds|
|Restricted|fund|85,877|-|85,877|
|TOTAL FUNDS|145,336|(28,980)|116,356|
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- NEWBURGH AND YTHAN COMMUNITY TRUST SCIO
:
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2025
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
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|||||||
|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1/9/23|in|funds|funds|31/8/25|
|£|£|£|£|
|Unrestricted|funds|
|Generai|fund|362,438|48,233|110,119|520.790|
|Restricted|funds|
|Restricted|fund|-|110,219|(110,119)|-|
|TOTAL FUNDS|362,438|158,352|-|520,790|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming.|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|129.341|(81,108)|48,233|
|Restricted|funds|
|Restricted|fund|110,119|-|110,119|
|TOTAL|FUNDS|239,460|(81.108)|158,352|
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Restricted funds represent monies received for a particular purpose as specified by the donor.
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025,
NEWBURGH AND YTHAN COMMUNITY TRUST SCIO
‘ DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR FHE YEAR ENDED 31 AUGUST 2025
ce ——
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| INCOMEAND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations Grants |
- 24,242 |
5,167 $5,877 |
|
| - | 24,242 | 91.044 | |
| Investment income | |||
| Bank interest reccived | 1,119 | 2,473 | |
| Charitable activities | |||
| Carparking charges | 67,604 | 31,817 | |
| Book sales | 1,159 | - | |
| 68,763 | 31,817 | ||
| Total incoming resources | 94,124 | 145,336 | |
| EXPENDITURE | |||
| Other | |||
| Miscellaneous expenses | 7,383 | 8,708 | |
| Credit cardcharges | 4,574 | 3.91] | |
| Depreciation oftangible fixed assets | 20,503 | 14,511 | |
| 32,460 | 27,130 | ||
| Support costs | |||
| Governance costs | |||
| Accountancy fees - | 1,580 | 1,850 | |
| Legal and professional fees | 18,088 | - | |
| 19,668 | 1,850 | ||
| Total resources expended | $2,128 | 28,980 | |
| Netincome | 41,996 | 116,356 |
This page does not form part of the statutory financial statements