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← The Lossie Community Hub & The Lossie 2-3 Group

2025-09-30-accounts

THE LOSSIE 2-3 GROUP

FINANCIAL STATEMENTS

YEAR ENDED

SEPTEMBER 30TH 2025

RECOGNISED CHARITY NUMBER : SC049611

Prepared by ANNE A LAING Chartered Accountants ELGIN

THE LOSSIE 2-3 GROUP RECOGNISED CHARITY NUMBER : SC049611

CONTENTS PAGES
Trustees, Officers and Professional Advisers 4
Trustees' Report and Statement of Trustees' Responsibilities 2 and 3
Independent Examiner's Report to the Trustees 4
Statement of Financial Activities §
Balance Sheet 6
Notestothefinancialstatements 7to9

THE LOSSIE 2-3 GROUP RECOGNISED CHARITY NUMBER : SC049611 TRUSTEES, OFFICERS AND PROFESSIONAL ADVISERS - ee BANKERS : Royal Bank of Scotland CONTACT ADDRESS : The Lossie 2-3 Group and Community Hub 2 Commerce Street Lossiemouth 1V31 6PA

INDEPENDENT ExamineR = Anne A Laing, Chartered Accountants Lavona, Calcots ELGIN, |V30 8NB RECOGNISED CHARITY NUMBER ~ : SC049611

Page 1

THE LOSSIE 2-3 GROUP RECOGNISED CHARITY NUMBER : SC049611 TRUSTEES' REPORT AND STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED SEPTEMBER 30TH 2025

FINANCIAL STATEMENTS

The Trustees present their report and audited financial statements of the charitable company for the year ended 30 September 2025. They have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charties" (FRS102) in preparing the annual report and financial statements of the charity.

CHARITY STATUS

The Lossie 2-3 Group was registered as a Charity on 13 September 2019 The charity is registered in Scotland and the contact address is

The Lossie 2-3 Group and Community Hub 2 Commerce Street Lossiemouth IV31 6PA

STRUCTURE AND MANAGEMENT

The Charity is run by a management committee who meet to review the ongoing development of the Charity and to confirm that the Charity's aims are met.

PRINCIPAL ACTIVITIES

The advancement of education and the provision of recreational facilities or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.

FUTURE DEVELOPMENTS

In addition to main souces of funding - grants are being applied for to continue to upgrade the facility.

RISKS REVIEW

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to the major risks.

FINANCIAL REVIEW

The trustees keep a close eye on income and expenditure. The total unrestricted funds at 30th September 2025 were £21,912 (2024 £29,393) and unrestricted funds £44,798 (2024 £7,586).

Future fee income, grants and cost management should allow the preschool group and facilities to continue to provide an excellent service.

Page 2

THE LOSSIE 2-3 GROUP RECOGNISED CHARITY NUMBER : SC049611 TRUSTEES' REPORT AND STATEMENT OF TRUSTEES' RESPONSIBILITIES (CONTINUED) FOR THE YEAR ENDED SEPTEMBER 30TH 2025

The Trustees are responsible for the preparation of the financial statements which disclose with reasonable accuracy at any time the financial position at the end of the period and of the surplus or deficit for the year then ended.

The Financial Statements must comply with the Charities and Trustee Investment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006 (as amended).

In preparing these financial statements the officials are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation. The officials are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TRUSTEES AND OFFICE BEARERS :

Approved by the Trustees and signed on their behalf

Page 3

THE LOSSIE 2-3 GROUP RECOGNISED CHARITY NUMBER : SC049611 INDEPENDENT ACCOUNTANT'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED SEPTEMBER 30TH 2025

| report on the financial statements on pages 5 and 6 which have been prepared under the historical cost convention and the accounting policies set out on pages 7 to 9.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND ACCOUNTANTS

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 . (as amended), the Memorandum and Articles of Association, and Accounting and Reporting by Charities: statement of Recomended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard, applicable in the UK and Republic of Ireland (FRS102). The trusteess 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 INDEPENDENT EXAMINER'S STATEMENT

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charitable company 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 the directors 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 the course of my examination, no matter has come to my attention:

have not been met, or

Anne A. Laing, Chartered Accountants Lavona, Calcots, ELGIN, Moray IV30 8NB

Date....! COQ@) ONG

Page 4

THE LOSSIE 2-3 GROUP RECOGNISED CHARITY NUMBER : SC049611 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30TH 2025

STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES
UNRESTRICTED RESTRICTED TOTAL TOTAL
FUNDS FUNDS FUNDS FUNDS
2025 2025 2025 2024
£ £ £ £
INCOMING RESOURCES Note
Charitable income 3 137,798 201,464 339,262 429,919
Investment Income 4 820 0 820 372
Total incoming resources 138,618 201,464 340,082 430,291
RESOURCES EXPENDED
Direct charitable expenditure 5 101,406 208,945 310,351 428,181
Total resources expended 101,406 208,945 310,351 428,181
Net incoming/(outgoing) resources 37,212 (7,481) 29,731 2,110
Transfers 0 0 0 0
NET MOVEMENT IN FUNDS
Fund balances as at October 1st 2024 7,586 29,393 36,979 34,870
FundbalancesasatSeptember30th2025 44,798 21,912 66,710 36,979

The notes on pages 8 and 9 form part of these financial statements.

Page 5

THE LOSSIE 2-3 GROUP THE LOSSIE 2-3 GROUP
RECOGNISED CHARITY NUMBER:SC049611
BALANCE SHEET
ASAT SEPTEMBER 30TH 2025
2025
2		 2024
£
Note
CURRENT ASSETS 6
Bank Accounts 69,021 52,353
69,021 52,353
CREDITORS
Amounts falling due within one year
Creditors and accruals f: 2,311 3,374
Loans 8 0 12,000
2,311 15,374
NETCURRENT ASSETS 66,710 36,979
FUND BALANCES
Restricted funds 21,912 29,393
Unrestricted funds 44,798 7,586
TOTALFUNDS 66,710 36,979

TRUSTEES' APPROVAL OF THE FINANCIAL STATEMENTS

On behalf of the trustees we approve these financial statements, which are set out on pages 5 to 9 for the year ended September 30th 2025 and confirm that we have made available all relevant records and information for their preparation.

The notes on page 7 to 9 form part of these financial statements.

Page 6

THE LOSSIE 2-3 GROUP RECOGNISED CHARITY NUMBER : SC049611 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30TH 2025

4 ACCOUNTING POLICIES

Basis of accounting

The Accounts are presented in Sterling £ and have been prepared on the historical cost basis of of accounting and in accordance with the Charities Accounts (Scotland) Regulations and 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 (FRS102).

Income and expenditure

Income has been taken account of using an accruals basis, with pledges, covenants and recoverable being accounted for in the period they relate to rather than when received. Expenditure has been similarly charged to the revenue account.

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |2|PARTICULARS|OF|EMPLOYEES| |The|aggregate|payroll|costs|of the|above|were:| |Salaries|and|part-time wages|136,038|109,605|

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In the year ended September 30th 2025 there were 8 employees - one full-time and 7 part-time. No employee received remuneration greater than £60,000 in the year ended 30th September 2025. The full time employee renumeration for the year was £31,500 Trustees do not received any payments as they are all volunteers.

Page 7

THE LOSSIE 2-3 GROUP RECOGNISED CHARITY NUMBER : SC049611 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED SEPTEMBER 30TH 2025

2025
£		 2025
£		 2025
£		 2025 2024
£
Unrestricted Restricted TOTAL TOTAL
3 Charitable income
Fees earned 128,643 0 128,643 99,408
Fundraising
Grants
Donations
Other		 6,504
0
1,496
1,155		 0
201,464
0
0		 6,504
201,464
1,496
1,155		 6,131
317,514
5,170
1,696
Total 137,798 201,464 339,262 429,919
4 Investment Income 820 0 820 372
5 Direct charitable expenditure
Staff Costs 71,078 64,960 136,038 109,605
Rent 1,720 1,200 2,920 12,000
RentfromNational LotteryCommunity Fund 10,080 10,080 0
Grants
CommunityAction		 0
0		 96,921
35,784		 96,921
35,784		 259,983
0
Building costs 0 0 0 20,313
2 to 3expenses 26,953 0 26,953 19,746
Phase 2 0 0 0 3,300
Start upcosts 0 0 0 1,323
Fundraising costs 935 0 935 92
Professional fees 720 0 720 750
Sundry
Total		 0
101,406		 0
208,945		 0
310,351		 1,070
428,181
2025
£		 2024
£
6 Cash and Cash Equivalents
Bank Accounts 69,021 52,353
7 Creditors and accruals 2,310 3,374
8 Loans 0 12,000
At the yearended 30September2024 trustees had loaned £12,000 tothe the charity
in relation to project work. Thiswas fully repaid in theyearto to 30th September2025.
2025 2024
9 Reserves £ £
Restricted funds 21,912 29,393
Unrestricted funds 44,798 7,586
TOTALFUNDS 66,710 36,979

Page 8

THE LOSSIE 2-3 GROUP RECOGNISED CHARITY NUMBER : SC049611 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED SEPTEMBER 30TH 2025

10 Restricted Funds

Restricted Funds
Balance at Incoming Outgoing Balance at
30/09/2024 resources resources Transfers 30/09/2025
£ £ £ £ £
TSI 2022 2,529 0 2,529 0 0
Building 4,270 0 4,270 0 0
TSI 2022 750 0 750 0 0
TSI 2024 1,150 0 1,150 0 0
TSI 2024 8,555 0 8,555 0 0
TSI YouthASC 239 0 239 0 0
TSI Moray can 2,500 0 2,500 0 0
Hubub Coop 1,000 0 4,000 0 0
Mcouncil UKSPF 8,400 12,659 21,059 0 0
MFR cash for kids 0 1,500 1,500 0 0
Robertson fund 0 17,000 4,443 0 12,557
Moray council summer 0 1,202 1,202 0 0
TSI Period poverty 0 3,224 3,224 0 0
TS! Eco Grant 0 2,570 2,570 0 0
TSI Soup n Sweet Mental Health 0 12,320 5,025 0 7,295
MER cash for kids 0 9,200 9,200 0 0
Hubub Grant 0 5,000 2,940 0 2,060
TSI our future 0 11,557 11,557 0 0
MERI 0 6,606 6,606 0 0
Moray Pathways 24 Digital 0 5,993 5,993 0 0
MorayPathways 24 0 9,968 9,968 0 0
Moray Council re building 0 56,801 56,801 0 0
National LotteryCommunity Fund 0 45,864 45,864 0 0
29,393 201,464 208,945 0 21,912

Page 9

Treasurer’s Report – AGM

I am pleased to present our Treasurer’s Report for the financial year. This has been a year of significant investment, careful financial management, and positive progress in strengthening the long-term sustainability of The Lossie 2–3 Group and The Lossie Community Hub.

1. Overview of Income

Our total income for the year was £339,047 , made up of:

The majority of our income this year came from restricted grants , particularly the large government grant awarded for the refurbishment and redevelopment of our building.

This level of income reflects the trust placed in us by our funders and the importance of the community services we provide.

2. Expenditure

Our total expenditure for the year was £324,411 .

The majority of this expenditure related to restricted renovation costs , covering the completion of our building refurbishment and essential upgrades.

General operational spending remained carefully managed throughout the year to ensure sustainability and good stewardship of funds.

3. Energy Savings & Contract Changes

A significant financial achievement this year was taking the decision to exit our previous electricity contract and install solar panels as part of the refurbishment.

This has transformed our running costs:

This is a remarkable long-term saving and will free up funds to support service delivery rather than utilities.

4. Building Our Reserves

This year, we were able to open a reserves account and begin setting aside funds for future stability.

We now have:

This is a major step forward in ensuring the long-term financial resilience of the charity.

5. Fundraising & Donations

Our fundraising efforts and community donations generated £8,500 this year.

This is a tremendous achievement and directly supports our day-to-day running costs , including essential bills and operational expenses.

We also extend our sincere thanks to our volunteers, particularly those involved in fundraising events and running the charity shop. Their dedication plays a key role in covering the essential costs we face as a non-profit organisation.

6. Future Income – Room Hire

With the refurbishment complete, we are now able to rent out our rooms , which creates a new and important income stream.

This diversification will:

We expect room hire to become an increasingly valuable source of unrestricted income next year.

7. Financial Position & Outlook

We end the year in a strong and stable financial position , with:

While we continue to operate in a challenging funding environment, we are managing our finances responsibly and strategically to ensure the sustainability of the Hub.

8. Thanks

Finally, I would like to thank:

Together, we have strengthened our financial foundation and prepared the organisation for a positive and sustainable year ahead.

Good evening everyone, and thank you for joining us for our Annual General Meeting. It has been an incredibly busy and productive year for The Lossie 2–3 Group and The Lossie Community Hub, and I’m delighted to share our progress, our successes, and our aspirations for the year ahead.

Refurbishment & Sustainability

One of our greatest achievements this year has been the complete refurbishment of the building . The transformation has created a more welcoming, modern, and functional space for our community. More importantly, the installation of solar panels has already made a significant financial impact by reducing our running costs — a vital improvement for a small charity with limited income. And as you entered the building you would have seen our brand new doors which is more secure and eliminates all the draughts we had encountered with the old doors, and a huge bonus is we no longer have the big wooden doors to battle with opening and closing. They will remain a permanent feature attached to the wall.

Supporting Local Business & Community Activity

We have continued to support local enterprise by offering pop-up shop opportunities to small businesses. These have been extremely successful and have helped local entrepreneurs reach new customers in an affordable and supportive environment. We aim to continue this on a monthly basis, and have been busy all weekend with requests for our next 3 dates. We aim to give everyone an opportunity to showcawse their business, supporting 5-6 different unique businesses each month.

Our community events have also been a real highlight. It has been wonderful to see so many families and residents join us for the Easter Bunny , the Christmas Fayre , and our summer days at the Hub . These events strengthen our community spirit and showcase the Hub as a lively, inclusive place for everyone. And we will continue with these going forward. I have dates available of all our planned activities to hand out at the end.

Grants, Funding & Growth

In our last financial year, we have been incredibly fortunate in securing a range of grants that have strengthened our services and expanded our team:

These grants are a testament to the confidence funders have in the work we do and the positive impact we deliver for our community.

Partnerships & Community Programmes

Our partnership with Soup n Sweet has continued to thrive, supported by a further grant that helps deliver this much-loved, very busy weekly event at the football club. This funding also enables us to offer training opportunities across various groups, ensuring that our services continue to grow in relevance and reach.

As we settle into our refurbished space, we now have the capacity to expand further , and we are excited about introducing new groups and activities.

Challenges & Board Capacity

While we have achieved so much this year, we continue to face one ongoing challenge — our very small board where our members contribute over and above to help the community space area develop and to keep us financially sustainable. Each board member has been working exceptionally hard, often taking on multiple responsibilities to keep things running smoothly. Their dedication has been extraordinary, but we cannot rely on such a small team indefinitely.

We particularly need trustees or volunteers with digital, marketing, and social media skills to help promote our work and raise our profile. This will be a key priority moving forward.

Volunteers – Our Most Urgent Need

To support our growth, we urgently need more volunteers — individuals who can help with groups, share their skills, or simply be a friendly presence in the building to allow classes to run safely and consistently. Volunteers are at the heart of community work, and expanding this team is essential for our continued success. Often our stumbling block is we have to work around events when we can have our board members available to be present in the building. If you feel you have the time to offer to be that person then we can expand what we already offer.

A Heartfelt Thank You to Our Volunteers & Fundraisers

Before closing, I want to extend a sincere and heartfelt thank you to all our volunteers who support our fundraising efforts throughout the year. Your commitment keeps our charity operating — quite literally.

A very special thank you goes to Sandra and her team , who dedicate their time to running the charity shop for two months each year . Their incredible effort provides essential income that allows us to cover the basic but unavoidable running costs that come with maintaining a community building — even as a non-profit.

Thanks to their hard work, we have been able to pay for:

These expenses may seem routine, but they are vital for safety, compliance, and keeping our Hub open. Without the commitment of our fundraisers and volunteers, these essential costs simply could not be met.

We are truly grateful for every hour given, every pound raised, and every act of support.

Financial Reality & Small Charges Ahead

For the past year, we have been proud to offer all our activities entirely free of charge . However, with no new funding available to continue doing so, we will now need to introduce a small nominal fee for teas, coffees, and class materials. This will help sustain the activities our community enjoys while keeping them accessible.

Looking Ahead

As we move forward, we are eager to:

Thank you to our staff, volunteers, funders, board members, partners, and the wider community. Your support, energy, and belief in what we do make all of this possible.

Together, we look forward to another year of connection, support, and growth for Lossiemouth