CHARITY REGISTRATION NUMBER: SC050572
Douglas Community Development Company Unaudited Financial Statements
For the year ended
30 November 2024
I.A.STEWART & CO
Chartered Accountants The Mechanics Workshop New Lanark ML11 9DB
Douglas Community Development Company
Financial Statements
Year ended 30 November 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
Douglas Community Development Company
Trustees' Annual Report
Year ended 30 November 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 30 November 2024.
Reference and administrative details
Registered charity name Douglas Community Development Company
Charity registration number SC050572
Principal office
The trustees
Independent examiner
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Douglas Community Development Company
Trustees' Annual Report (continued)
Year ended 30 November 2024
Structure, governance and management
Powers
The organisation has power to do anything which is calculated to further its purposes or is conducive or incidental to doing so.
No part of the income or property of the organisation may be paid or transferred (directly or indirectly) to the members - either in the course of the organisation’s existence or on dissolution - except where this is done in direct furtherance of the organisation’s charitable purposes.
Liability of members
The members of the organisation have no liability to pay any sums to help to meet the debts (or other liabilities) of the organisation if it is wound up; accordingly, if the organisation is unable to meet its debts, the members will not be held responsible.
The members and charity trustees have certain legal duties under the Charities and Trustee Investment (Scotland) Act 2005; and clause 7 does not exclude (or limit) any personal liabilities they might incur if they are in breach of those duties or in breach of other legal obligations or duties that apply to them personally.
The structure of the organisation consists of:-
The members - who have the right to attend members' meetings (including any Annual General Meeting) and have important powers under the constitution; in particular, the members appoint people to serve on the Management Committee and take decisions on changes to the constitution itself;
The management committee - who hold regular meetings and generally control the activities of the organisation; for example, the Management Committee is responsible for monitoring and controlling the financial position of the organisation.
Election, retiral, re-election
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At each AGM, the members may elect any member (unless he/she is debarred from membership under clause 54) to be a charity trustee, subject to clause 60.
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The Management Committee may at any time appoint any member (unless he/she is debarred from membership under clause 54) to be a charity trustee, subject to clause 60.
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At each AGM, half of the elected or appointed charity trustees must retire from office - but may then be re-elected under clause 56.
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A charity trustee retiring at an AGM will be deemed to have been re-elected unless: -
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he/she advises the Management Committee prior to the conclusion of the AGM that he/she does not wish to be re-appointed as a charity trustee; or
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an election process was held at the AGM and he/she was not among those elected/re-elected through that process; or
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a resolution for the re-election of that charity trustee was put to the AGM and was not carried.
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Douglas Community Development Company
Trustees' Annual Report (continued)
Year ended 30 November 2024
Objectives and activities
Constitution
The Charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered in its current legal form on 16th November 2020.
The principal office of the organisation will be in Scotland (and must remain in Scotland).
The Douglas Community Development Company's objectives are :
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the advancement of citizenship or community development by supporting other community-based organisations in response to local needs, inspiring residents and young people in the community and offering volunteering opportunities which will help to relieve need, advance health, well-being, education, employability, aspiration and community cohesion.
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the advancement of arts, heritage, cultural or science by preserving, for the benefit of the public the historical, architectural and constructional heritage that may exist in and around the Community in buildings.
There has been no change in these during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Douglas Community Development Company should undertake.
Achievements and performance
During the financial year ending 30 November 2024, Douglas Community Development Company (DCDC) made significant progress towards advancing two major regeneration projects in the village of Douglas: the redevelopment of the Douglas Arms Hotel and the reinstatement of the sports pavilion at Crabtree Park.
At the start of the year, we successfully commissioned two architectural firms to develop design proposals for each project. Sanderson Borland Architects were appointed to lead on the Crabtree Park Sports Pavilion, while Page\Park Architects were selected for the Douglas Arms Hotel. Both appointments followed a competitive process and were funded through grants secured in the previous year.
Extensive community consultation took place throughout the year. We hosted multiple engagement sessions with local residents, community groups, sports clubs, businesses, and other stakeholders. These sessions included interactive design workshops and public exhibitions, allowing participants to contribute directly to shaping the vision for both sites. Feedback gathered was used to inform the emerging designs and ensure that both projects reflected the aspirations and needs of the wider community.
By the end of the period, we had successfully completed RIBA Stage 2 (Concept Design) reports for both projects. These design reports represent a significant milestone, providing a clear and costed vision for each project and establishing the foundations for future development.
Towards the end of the year, DCDC received a major anonymous donation intended to support the potential acquisition of the Douglas Arms Hotel property at 54 Ayr Road. While this positioned us to move forward with the purchase, the Management Committee made a strategic decision to delay acquisition and instead prioritise the establishment of a Specialist Development Services function to ensure the next phase of both projects could be delivered professionally and sustainably.
The Specialist Development Services project is designed to bring in skilled external support - either through a single expert or a multidisciplinary team - to provide professional capacity in areas such as capital project planning, stakeholder management, funding strategy, business modelling, and community engagement. As a voluntary board of trustees, we recognised that progressing two large-scale capital projects simultaneously would require resources beyond what could reasonably be
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Douglas Community Development Company
Trustees' Annual Report (continued)
Year ended 30 November 2024
expected of a volunteer committee. Investing in this professional capacity will ensure that both the Douglas Arms and Crabtree Park projects can be delivered efficiently, at pace, and to a high standard.
In November 2024, we began the process of identifying suitable funding sources to enable the recruitment of these specialist services and laid the groundwork for applications to several funders. The aim for the coming year will be to secure funding for the Specialist Development Services project, move forward with the acquisition of the hotel, and progress both projects through the next stages of design and delivery. DCDC is proud of the progress made during this reporting period and remains committed to our mission of delivering long-term, community-led regeneration in Douglas. We thank our funders, partners, and community members for their continued support.
Financial review
It is the policy of the Douglas Community Development Company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between threeand six-month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Douglas Community Development Company’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the Douglas Community Development Company is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Total income for 2024 was £116,025 (2023: £2,834), an increase of £113,191 on 2023.
Total expenditure increased from £8,522 in 2023 to £34,011 in 2024. Costs continue to be monitored closely.
The resulting surplus for the year was £82,014 (2023: Deficit £5,688).
The trustees' annual report was approved on 6 November 2025 and signed on behalf of the board of trustees by:
Trustee
Trustee
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Douglas Community Development Company
Independent Examiner's Report to the Trustees of Douglas Community Development Company
Year ended 30 November 2024
I report to the trustees on my examination of the financial statements of Douglas Community Development Company ('the charity') for the year ended 30 November 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the ‘2005 Act’) and the Charities Accounts (Scotland) Regulations 2006 (as amended). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the charity's financial statements as carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
Independent examiner's statement
Since the charity has prepared its accounts on an accruals basis your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:
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accounting records were not kept as required by section 44(1)(a) of the 2005 Act and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006 (as amended); or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
06 November 2025
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Douglas Community Development Company
Statement of Financial Activities
Year ended 30 November 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 80,000 | 36,025 | 116,025 | 2,834 |
| --------------------------- | --------------------------- | -------------------------------- | ----------------------- | ||
| Total income | 80,000 | 36,025 | 116,025 | 2,834 | |
| =========================== | =========================== | ================================ | ======================= | ||
| Expenditure | |||||
| Expenditure on charitable activities | 5,6 | 1,173 | 32,838 | 34,011 | 8,522 |
| --------------------------- | --------------------------- | -------------------------------- | ----------------------- | ||
| Total expenditure | 1,173 | 32,838 | 34,011 | 8,522 | |
| =========================== | =========================== | ================================ | ======================= | ||
| --------------------------- | --------------------------- | -------------------------------- | ----------------------- | ||
| Net income/(expenditure) and net | |||||
| movement in funds | 78,827 | 3,187 | 82,014 | (5,688) | |
| =========================== | =========================== | ================================ | ======================= | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 175 | 1,530 | 1,705 | 7,393 | |
| --------------------------- | --------------------------- | -------------------------------- | ----------------------- | ||
| Total funds carried forward | 79,002 | 4,717 | 83,719 | 1,705 | |
| =========================== | =========================== | ================================ | ======================= |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 8 to 13 form part of these financial statements.
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Douglas Community Development Company
Statement of Financial Position
30 November 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Current assets | ||||
| Cash at bank and in hand | 84,439 | 2,424 | ||
| Creditors: amounts falling due within one year | 10 | 720 | 719 | |
| --------------------------- | ----------------------- | |||
| Net current assets | 83,719 | 1,705 | ||
| --------------------------- | ----------------------- | |||
| Total assets less current liabilities | 83,719 | 1,705 | ||
| --------------------------- | ----------------------- | |||
| Net assets | 83,719 | 1,705 | ||
| =========================== | ======================= | |||
| Funds of the charity | ||||
| Restricted funds | 4,717 | 1,530 | ||
| Unrestricted funds | 79,002 | 175 | ||
| --------------------------- | ----------------------- | |||
| Total charity funds | 11 | 83,719 =========================== |
1,705 ======================= |
These financial statements were approved by the board of trustees and authorised for issue 6 November 2025, and are signed on behalf of the board by:
Trustee Trustee
The notes on pages 8 to 13 form part of these financial statements.
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Douglas Community Development Company
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal office is 56D Ayr Road, Douglas, Lanark, ML11 0QA, Scotland.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended).
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the Douglas Community Development Company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
The trustees are of the opinion that there are no matters of significant judgements, estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the next financial year.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Douglas Community Development Company.
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Douglas Community Development Company
Notes to the Financial Statements (continued)
Year ended 30 November 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
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 transaction value and subsequently measured at their settlement value.
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Douglas Community Development Company
Notes to the Financial Statements (continued)
Year ended 30 November 2024
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations and gifts | 80,000 | – | 80,000 |
| Grants | |||
| Grants receivable | – | 36,025 | 36,025 |
| --------------------------- | --------------------------- | -------------------------------- | |
| 80,000 | 36,025 | 116,025 | |
| =========================== | =========================== | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations and gifts | 900 | 200 | 1,100 |
| Grants | |||
| Grants receivable | – | 1,734 | 1,734 |
| -------------- | ----------------------- | ----------------------- | |
| 900 | 1,934 | 2,834 | |
| ============== | ======================= | ======================= | |
| Expenditure on charitable activities by fund type | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| 54 Ayr Road project costs | – | 15,497 | 15,497 |
| Planters project costs | – | – | – |
| Marketing/Website project costs | – | 188 | 188 |
| Christmas event costs | – | – | – |
| Village Maintenance project | – | 89 | 89 |
| Weavers Yard & Crabtree project costs | – | 17,064 | 17,064 |
| Support costs | 1,173 | – | 1,173 |
| ----------------------- | --------------------------- | --------------------------- | |
| 1,173 | 32,838 | 34,011 | |
| ======================= | =========================== | =========================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| 54 Ayr Road project costs | – | – | – |
| Planters project costs | – | 326 | 326 |
| Marketing/Website project costs | – | 1,588 | 1,588 |
| Christmas event costs | – | 1,088 | 1,088 |
| Village Maintenance project | – | – | – |
| Weavers Yard & Crabtree project costs | – | 4,800 | 4,800 |
| Support costs | 720 | – | 720 |
| -------------- | ----------------------- | ----------------------- | |
| 720 | 7,802 | 8,522 | |
| ============== | ======================= | ======================= |
5. Expenditure on charitable activities by fund type
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Douglas Community Development Company
Notes to the Financial Statements (continued)
Year ended 30 November 2024
6. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2024 | 2023 | |
| £ | £ | £ | £ | |
| 54 Ayr Road project costs | 15,497 | – | 15,497 | – |
| Planters project costs | – | – | – | 326 |
| Marketing/Website project costs | 188 | – | 188 | 1,588 |
| Christmas event costs | – | – | – | 1,088 |
| Village Maintenance project | 89 | – | 89 | – |
| Weavers Yard & Crabtree project | ||||
| costs | 17,064 | – | 17,064 | 4,800 |
| Governance costs | – | 1,173 | 1,173 | 720 |
| --------------------------- | ----------------------- | --------------------------- | ----------------------- | |
| 32,838 | 1,173 | 34,011 | 8,522 | |
| =========================== | ======================= | =========================== | ======================= | |
| Independent examination fees | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 720 ============== |
720 ============== |
7. Independent examination fees
8. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
9. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees in the year.
No trustee expenses have been incurred in the year.
Voluntary donations received during the year from trustees amounted to £nil (2023: £50).
10. Creditors: amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 720 | 719 |
| ============== | ============== |
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Douglas Community Development Company
Notes to the Financial Statements (continued)
Year ended 30 November 2024
11. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| At | At | |||||||
| 1 | Dec | 2023 | Income | Expenditure | Transfers | 30 | Nov 2024 | |
| £ | £ | £ | £ | £ | ||||
| General funds | 175 | 80,000 | (1,173) | – | 79,002 | |||
| ============== | =========================== | ======================= | ============== | =========================== | ||||
| At | At | |||||||
| 1 | Dec | 2022 | Income | Expenditure | Transfers | 30 | Nov 2023 | |
| £ | £ | £ | £ | £ | ||||
| General funds | (808) | 900 | (720) | 803 | 175 | |||
| ============== | ============== | ============== | ============== | ============== |
The unrestricted funds were overdrawn due to timing and recharge of governance costs against trading activities in the unrestricted funds.
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 Dec 2023 | Income | Expenditure | Transfers | 30 Nov 2024 | |
| £ | £ | £ | £ | £ | |
| 54 Ayr Road Project | 260 | 21,879 | (15,497) | – | 6,642 |
| Planters Project | 278 | – | – | – | 278 |
| Marketing/Website | |||||
| Project | 1,871 | – | (188) | – | 1,683 |
| Christmas Event | 236 | – | – | – | 236 |
| Village Maintenance | |||||
| Projects | – | – | (89) | – | (89) |
| Weavers Yard & | |||||
| Crabtree Project | (1,115) | 14,146 | (17,064) | – | (4,033) |
| ----------------------- | --------------------------- | --------------------------- | -------------- | ----------------------- | |
| 1,530 | 36,025 | (32,838) | – | 4,717 | |
| ======================= | =========================== | =========================== | ============== | ======================= | |
| At | At | ||||
| 1 Dec 2022 | Income | Expenditure | Transfers | 30 Nov 2023 | |
| £ | £ | £ | £ | £ | |
| 54 Ayr Road Project | 212 | – | – | 48 | 260 |
| Planters Project | 554 | 50 | (326) | – | 278 |
| Marketing/Website | |||||
| Project | 3,225 | 1,234 | (1,588) | (1,000) | 1,871 |
| Christmas Event | 50 | 650 | (1,088) | 624 | 236 |
| Village Maintenance | |||||
| Projects | 474 | – | – | (474) | – |
| Weavers Yard & | |||||
| Crabtree Project | 3,686 | – | (4,800) | (1) | (1,115) |
| ----------------------- | ----------------------- | ----------------------- | ----------------------- | ----------------------- | |
| 8,201 | 1,934 | (7,802) | (803) | 1,530 |
|
| ======================= | ======================= | ======================= | ======================= | ======================= |
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Douglas Community Development Company
Notes to the Financial Statements (continued)
Year ended 30 November 2024
11. Analysis of charitable funds (continued)
Restricted funds nature and purpose by project:
54 Ayr Road Project
The acquisition and redevelopment of the former Douglas Arms Hotel property to create serviced accommodation and a restaurant.
Planters Project
The purchase and maintenance of a quantity of large planters to enhance the local environment.
Marketing Project
The creation of www.douglaslanarkshire.scot, associated videography and promotional materials.
Christmas Event
Contributions to local festivities including live reindeer and fairground rides.
Village Maintenance Projects
Contributions to local village maintenance requirements, including AED at Crossburn Service Station.
Weavers Yard & Crabtree Park Project
Weavers Yard
Environmental improvements and installation of lighting at this prominent public space. Crabtree Park
Taking forward proposals to reintroduce a sports pavilion and improve facilities at the local playing fields.
12. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Current assets | 79,722 | 4,717 | 84,439 |
| Creditors less than 1 year | (720) | – | (720) |
| --------------------------- | ----------------------- | --------------------------- | |
| Net assets | 79,002 | 4,717 | 83,719 |
| =========================== | ======================= | =========================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Current assets | (106) | 2,530 | 2,424 |
| Creditors less than 1 year | (1,619) | – | (1,619) |
| ----------------------- | ----------------------- | ----------------------- | |
| Net assets | (1,725) ======================= |
2,530 ======================= |
805 ======================= |
13. General volunteers
DCDC benefits greatly from the involvement and enthusiastic support of its volunteers, who oversee the general running of the charity. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
14. Related parties
There were no disclosable related party transactions during the year.
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