CHARITY REGISTRATION NUMBER: SC050539 Docks and Piers Trust Unaudited Financial Statements For the year ended 31 March 2025 I.A.STEWART & CO Chartered accountants The Mechanlcs Workshop New Lanark ML119DB
Docks and Piers Trust Financial Statements Year ended 31 March 2025 Paga Trustees, annual report Independent examiner's report to the Trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 13 Notes to the detailed statement of financial activities 14
Docks and Plers Trust Trustees, Annual Report Year ended 31 March 2025 Th8 Truste88 present thelr report and the unaudited financial statements of the charity for the year 8nded 31 March 2025. Referon¢o and administrative detai18 Reglstered charSty name Docks &r]d Piers Trust Charlty reglstratlon number SC050539 Prfnclpal office The M8chanlcs Workshop New Lanark ML119DB Tho Tru8te08 (Resigned 31 October 2024) (Resigned 20 January 2025) (Resigned 15 October 2024) Independont 8xamlnar Stephen B811 Member of the Institute of Chartered Accountants of Scotl8nd The Mechanlcs Workshop New Lanark ML11 gDB Structure, governance and management Docks and Piers Trust is a Scottish Charitable Incorporated Organisatlon {SCIQ) and was creat8d by the Gotllpletion of its constitutlon on 23rd October 2020. Recrultment and appolntment of trustees The trustees have the power to appoinl any person to be a tru8tee either to fill a casual vacancy or as an addition to the existing trustees. The permanent appointment of new trustees must be ratified by the voting members in general meeting. New Irustees who are invited to join aro provlded with appropriate guidance in relation lo their respon8ibil(ties. Risk management The trustees have Standard Operating Procedures and Rlsk Assessments for onslte actlvltles. Th8r618 flnancial ri8k in ensuring the charity has sufficient funds to contlnue In oper8ts'on. The trust&es h8V8 budgets in place lo minimise this risk and have strict predural policies to ensure adli&renc8 to the operating budgel. Th6se aloTig with other proGedural ar)d management policies are reviewed on an ongoing basls.
Docks and Piers Trust Trustees. Annual Report (contlnu#d) Year ended 31 March 2025 Objectives and activitias The organisation's purposes ar8., To advance the arls, heritage, culture or science by acqulrlng andlor leasing historic docks and piers on the River Clyde and Firth of Clyde (or elsewhere, as appropriate). To preserve these histciric docks and plers, and improve them so that Ihey can be returned to an operational condition. To facilitate access for the public to experience the heritage docks and piers and their historical significance. Achlevements and performance The trust was dormant during the year wlth no activity taking plac8. Th8 board of trustees look to continue the process of re-commissionlng one of the dry dock8 as an operational dry dock post ysar end. Flnancial rèview Total donations amounted to Pnil for the year {2024- £9) Total oxpenditurg was £3,872 (2024 - £nil). The movement Sn funds for the year to 31 March 2025 was £3,872. R¢serves The trustees pollcy is lo relain three months of normal running costs as reserves to meet ongoing commltments and unexpected expenditure. Funds rais@d for specific purposes will be expended on that purpose. Plan8 for fulure periods The charity plans to continue working towards the objectives noted above.
Docks and Plers Trust Trustees. Annual Report (Gon¢inuod) Year ended 31 March 2025 Plan8 for future parlod8 (Gonllnuod) TrustO98' rgsponslbllltl08 8tat8m•nt The truslees are responsible for preparing the trustges, report and the financial statements in accordance with applicable14vrf and United Kingdom Account5ng Standards (Untted Kingdom Generally Accepted Accounting Practice). The law appllcabte to charities In Scotland requires the Gharlty twstees to pr8pare financial statements for each year which give a true and falr view of the state of affairs of the charity and of th8 incom8 and expenditure of the charlty for Ihat perlod. In preparing these financial statements. the trustees are requlred to.. select suitable accounting policies and then apply them consistently., observe Ihe metrods and principles in the applicable Charities SORP; make judgments and accountlng estimates that ar8 reasonabl8 and prudent. stste whether appllcable UK Accounting Standards havo bgen followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the golng concem basis unless it Is inapproprlate to presume that the charity wlll continue In business. The trustees are responsible for keeping adequate accounting records that are sufficlent to show and explain the charity's Iransactions and disclose with reasonable accuracy at any tlme the flnanclal position of the charlty and enable them to ensure that the financial staternents complywlth the Charltles and Trustees Investments (Scolland) Act 2005, the Charity Accounts {Scotland) Regulatlons 2006, and the provlslons of Lhe Trust Deed, They are also responsible for safeguarding the assets of the charity and hence for tallg reasonable steps for the prevention and detection of fraud and other irregularili8S. The Trustees, annual report was approved on 22 December 2026 and signed on behalf of th8 board of tNstees by- Trustee
Docks and Piers Trust Independent Examiner's Report to the Trustees of Docks and Piers Trust Year ended 31 March 2025 I reporl to ihe Trustees on my 8xamination of the financial statements of Docks and Pier8 Trust ('the charity,) for lh8 year ended 31 March 2025, Re8pon8ibiliti88 and basi8 of report As the Irust8es of the charlty you are responsible for thg prgparatlon of th@ flnancial statements in accordance wlth the r8qulrements of thg Charities and Truste8 Investment (Scotland) Act 2005 (the '2005 Act,) and the Charities Account5 (Scotland) Regulations 2006 (as amended). You are satisfied that your oh8rity is not required by charity law to be audited and have chosen instead to have an Independent examlnation. I report in respect of my examination of the charity's financial statements as carried otrt under sectlon 44(1)(c) of the 2005 Act. In carrying otrt my examination I have followed the requirements of Regulatlon 11 of the Charities Acrx)unts (Scotland> Regulations 2006 (as amended). To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for my work, for this report, or for the opinions I have formed Indapandant oxaminer's statement Since the charity has prepared Its accounts on an accruals basss your exarnSner must be a member of a body listed In Regulation 11 (2) of the Charities AGGounts (Scotland) Regulations 2006 (as amended). I can confirrn that l am qualified to undertake the examination because l arn a registered member of ICAS which is one of the listed bodies. I have Gompleted my examination. I collfiTm Ihat no matters have come to my attention giving me Gause to believe that in any material re8pect-. accounting r8cDrds wer8 nol kept as requirad by section 44{1){a) ol the 2005 AGt and Regulation 4 of the Charities Accounts (Scotland) Regulalj'ons 2006 (as amended); or the financial statements do not accord with those records. or the financlal statements do not comply with the accounting requirements of Regulation 8 of the Chariti&s A¢count8 {Scotland) Regulations 2006 (as amended) I have no concerns and have come across no other rnatters in connection with the examination to which attention should be drawn in thi8 report in order to enable a proper understanding of the account8 to be reached. Independent Examiner 22 December 2025
Docks and Piers Trust Statement of Financial Activities Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Total incom6 Expendlture Project costs and Admin 3,872 3,872 Total expendlture 3,872 3,872 Net (expenditure)lincom8 and net movom8nt in funds (3,872) (3,8721 Roconciliation of fund8 Total fund8 broughl forward Total funds carried forward 11,974 11,974 8,102 11.965 8,102 11,974 The statement of flnanclal activities includes all gains and losses recognised In the year. All Income and expenditure derlve from continuing activilies. Tho not08 on pag88 7 to 11 forni part of th080 flnanclal statomenls.
Docks and Piers Trust Statement of Financial Position 31 March 2025 2025 2024 Note Fixod a880t8 Tangible fixed 888et8 50,000 50,000 Current a8S8ts Debtor8 Cash at bank and in hand 7,200 1,974 1,310 1,310 9,174 Creditors: amounts falllng due wlthln one year Net Current Ilabllltles 10 43,208 47,200 38,026 41,898 Total as8Sts lass currént Ilabllltlas 8,102 11.974 Funds of th8 charity UnrestriGted funds 8,102 11,974 Total charlty funds 11 8,102 11,974 These financial statemerrls were approved by the board of trustees and authori8ed for Issue on 22 December 2025. and are signed on behalf of the board by.. rusteg Tho nots8 on p8ge8 7 to 11 rnI part ofthe8& financial ststgmfjnts,
Docks and Piers Trust Notes to the Flnanclal Statements Year ended 31 March 2025 General information The charity is a publio benefit entity and a re9lStered charlty in Scotland and is unincorporatgd. The addres8 of the principal office is The Mechanics Workshop, N8w Lanark, Lanark, ML119DB. Statement of Gompliance These flnanclal statements have been prepared In compllance with FRS 102, 'The Flnan¢ial Reporting Standard app15cable In the UK and the Republic of Ireland,, Ihe Statement of Recommended Practice applicable to charities preparlng their accounts in ac¢ord8nce with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts {Scotland) Regulations 2006 (as amended). Accountlng pollcles Basis of preparation The charity meets the definition of a public b8nefit entity in lerms of FRS102. The financial statements have been prepared on the histc)rical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng con¢om There are no material uncertainties about the charity's ablllty to contlnue. Judgements and key sources of estimation uncertainly The preparation of the financial statements requires management to make judgements, 8Stimates and assumptions that affgct the amounts reported. These estimates and judgements are continually reviewed and are based on experien and other factors, including expectations of future ev8llts that are b81i8ved to be reasonabla under th8 circumstances. The trustees are of the opinion that there are no matters of significant judgements, estimates or assumptions that hav& a slgnlficant risk of causing a material adjustment to the carrying amounts of assets and Ilabllities in the next financial y8ar. pgctations of futijre events that are belleved to be reasonable under the circumstanc88. Income tax Docks and Piers Trust is a recognised charity for the purposes of applicable taxatlon legislatlon and Is therefore not subject to taxation on its charltable activites.
Docks and Piers Trust Notes to the Flnanclal Statements (continued) Year ended 31 March 2025 Accounting policies (Gontlnugdj Fund accountlng Funds aro classified as either restricted funds or unrestrlcted funds. defined as follows. Restricled funds are funds subject to specific requirements as to thelr use vwhich may be declared by the donor or with their authority or created through leg81 processes, but Still wilhin the wider objects of the charity, Unrestricted funds are expendable at the dlscretion of the trustees in furtherance of Ihe objecls of the charity. If parts of the unrestrlcted funds ar8 earmarked at the discretion of the trustee8 for 8 partlcular purpose, they are designated as a separate fund. Thls designation has an administrative purpose only and does not lègally restrict the trustees, discretion to apply the fund. Income All income, including donations of goods and services is included in the statement of financlal activities when th8 charily is entitled to the income, any p8rformancg related conditions attaohed hav8 b@8n met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable aGGuracy. The following specific policies are applled to particular cat8gories of income.. Donations and legacy income is rgcgived by way of donatlon5, legacles, grants and gifts and is included in full in the statemgnt of finanGial activitles when receivable, Vvhere legacies have be8n notified to the charity but the Griteria for incDme recDgnition have not been met, the legacy is treated as a conting8nt asset and ctisclosgd if material. Grants, where entitlement is not conditional on the delivery of a spgcrfiG P6rformance by the charlly, are recognised when the charity becomes unconditionally entitled to the grant. Donated facilities and 8ervlces are recognised In the accounts when received If the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from charitable trading acttvity is accounled for when earned. Income from grants, where related to performance and specific deliv8rable, are accounted for as the charity earns the right to conslderation by its performance. Expenditure Expenditure is recognised on an awruals basis as a liability 18 incurred,. Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundralslng purposes. Charltable èxpgnditure comprises those costs inourred by Ihe charity in the delivery of its activities and services for its beneficiaries. 11 includes bcth costs that Gan be allocaled dlrectly ID suoh activllles and those cosls of an indirect nature necessary to support them. Other expenditure includes all expenditure that is nelther r61ated to raising funds for the charity nor part of its expendlture on charitable activities. Tangible assets Tangible a8s8ts are initially recorded at cost,
Docks and Piers Trust Notes to the Flnanclal Statements (continued) Year ended 31 March 2025 Accounting poliGies (contlnued) Impalrmant of flxed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amDunt being estimat8d where such indicators exist. Where the carrying value exceeds the recoverabl8 amount, the asset is impaired accordlngly, Prlor impairments are also reviewed for posslble reversal at each reporting date, For the purposes of impairment testlng, when It is not possible to estimate the r8coverabl8 amount of an individual asset, an estlmate Is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallèst identifiable group of assgts that includes the asset and generates cash inflows that largely independent of the c2sh inflows from other assets or groups of assets. For impairment testing of goodwill, the good11 acqulred in a bu8iness combination is, from the acquisition dale, allocaled to each of the cash-generating units that are expected to ben8fit from the synergies of the combination, irrespective of whether other assets cr liabilities of the charity are assigned to those units, Financial instrum6nts The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at the amount receivable or payable. including any related transaction costs, and subsequently measured at their settlement value. Donations and legaci88 Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donatlons Donations Administration costs Unrestricted Total Funds Unrestricled Total Funds Funds 2025 Funds 2024 Administration costs Project costs 664 3,208 3,208 3,872 3,872 staff costs The average head counl of employees during the year was Nil <2024: Nil). No employee recelved employee beneflts of more than £60,000 during the year (2024: Nil).
Docks and Piers Trust Notes to the Financial Statements (contlnuedj Year ended 31 March 2025 Trustee remuneration and expenses The trustees dld not recelve any remuneration or expenses during th8 year. Tanglble flxed assets Plant and machlnary Cost At 1 April 2024 and 31 March 2025 Depreclatlon At 1 April 2024 and 31 March 2025 Carrylng amount At 31 March 2025 50,000 50,000 50,OOD At 31 March 2024 Dgbtor8 2025 2024 Olher debtors 7,200 10. Credltors: amounts falllng due wlthln one year 2025 2024 Loan Frlends Of TS Queen Mary Other Loans Other credllors 7,200 40,000 40,000 3,208 43,208 47,200 11. Analy818 of charltable funds Unrestrlcted funds At 31 Maroh 20 25 At 1 Aprl12024 Income Expenditure General funds 11,974 {3,872> 8,102 At 31 March 20 24 At 1 April 2023 Income Expenditure General funds 11,965 11,974 10
Docks and Piers Trust Notes to the Financial Statem8ntS {continued) Year anded 31 March 2025 12. Analysls of net assets between funds Unrestricted Total Funds Funds 2025 Tanglble fixed assets Current assets Credltors less than 1 year Net assets 50,000 1,310 {43,208} 8,102 50,000 1,310 {43,208) 8,102 Unr6strict&d Total Funds Funds 2024 Tangible fix@d assets Current assets Creditors less than 1 year Net assets 50,000 9,174 (47,200) 11,974 50,000 9,174 (47,200) 11,974
Docks and Piers Trust Management Informatlon Year ended 31 March 2025 The following pages do not form part of th8 financlal statements. 12
Docks and Piers Trust Detailed Stat8m8nt of Financial Activitles Year ended 31 March 2025 2025 2024 Income and endowm8nts Donations and18gacies Donation5 Total income Expendlture Repairs and maintenance Legal and professional fees Bank charges 3,208 663 3,872 Total exp8nditur• 3,872 N8t (8xpenditure)lincom6 (3,872) 13
Docks and Piers Trust Notes to the Detalled Statement of Flnancial Activities Year ended 31 March 2025 2025 2024 Adminlstratlon costs Legal and professional fees Bank charges 663 664 Projoct costs Repairs & maintenanc8 3,208 Total 3,872 14