ACORNS2TREES (a Scottish Charitable Incorporated Organisation)
REPORT AND AUDITED ACCOUNTS
YEAR ENDED 31 MARCH 2025
Charity number: SC050580
ACORNS2TREES
I N D E X
Year ended 31 March 2025
| Page | |
|---|---|
| General Information | 2 |
| Report of the Trustees | 3 |
| Statement of Trustees’ Responsibilities | 6 |
| Independent Auditor’s Report | 7 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Statement of Cash Flows | 12 |
| Notes to the Financial Statements | 13 |
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ACORNS2TREES
G E N E R A L I N F O R M A T I O N
Year ended 31 March 2025
| Date of Incorporation | 18 November 2020 |
|---|---|
| Charity number | SC050580 |
| Trustees | |
| Charity address | Capital Square |
| 58 Morrison Street | |
| Edinburgh | |
| EH3 8BP | |
| Bankers | Coutts & Co |
| 440 Strand | |
| London | |
| WC2R 0QS | |
| Auditor | Dixon Wilson Audit Services LLP |
| 22 Chancery Lane | |
| London | |
| WC2A 1LS |
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ACORNS2TREES
T R U S T E E S ’ A N N U A L R E P O R T
Year ended 31 March 2025
The Trustees present their annual report and accounts for the year ended 31 March 2025. The accounts comply with current statutory requirements and are in compliance with the relevant provisions of the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Constitution, 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 and Republic of Ireland (FRS 102) (effective 1 January 2019). The report should be read in conjunction with the general information provided on page 2.
Administrative information
Acorns2Trees is a Scottish Charitable Incorporated Organisation (SCIO) registered with the Scottish Charity Regulator, registration number SC050580.
It is governed by its Constitution dated 18 November 2020.
Structure, governance and management
The Trustees who have served during the year are those shown on page 2.
Acorns2Trees is governed by a board of Trustees who meet bi-monthly to discuss the charity’s strategy, including grant making. The board currently consists of three Trustees listed on page 2. New members of this board will be selected and appointed by existing Trustees.
Objectives and activities for the public benefit
Acorns2Trees is a grant giving charity which has been funded by Mr and Mrs W. G. Gordon, who are also trustees of the charity. The charity has established its grant making policy to achieve its objectives for public benefit.
The charity's two main objectives are (1) to support the meaningful integration of adults with learning disabilities into mainstream society, and (2) to enable community development and community enterprise in Scotland.
Public benefit
The Trustees consider that the purpose and activities of the charity satisfy the requirements of the public benefit test set out in section 8 of the Charities and Trustee Investment (Scotland) Act 2005.
Achievements and performance
The total amount of grants paid in this financial year was £873,758 (2024 - £892,186). The Trustees expect to continue to make similar grants and donations in the future.
During the year the Trustees awarded grants to, Down’s Syndrome Scotland, Glenboig Development Trust, Inverclyde Community Development Trust, Twechar Community Action, amongst others and continues to support the Development Trust Association Scotland, Enable Scotland, and the Scottish Community Alliance.
The full list of charities that were awarded grants this year totalling £1,390,840 (2024 - £271,305) is given in note 4 to the financial statements.
Beith Community Development Trust
Beith Community Development Trust exists to help and support its surrounding communities in Garnock Valley though projects that cater to the needs of local neighbourhoods. A grant of £26,568 was awarded over two years, to help support the creation of their work placement programme.
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ACORNS2TREES
T R U S T E E S ’ A N N U A L R E P O R T ( c o n t i n u e d )
Year ended 31 March 2025
Development Trusts Association Scotland
Development Trusts Association Scotland (DTAS) is a membership organisation which uses its expertise to inform, support and represent this network of development trusts, facilitating the sharing of knowledge and expertise and encouraging mutualism and co-operation. Acorns2Trees has provided a mix of generic and more specific financial support to ensure DTAS and the community development trust movement maintains momentum.
Grants awarded to DTAS in the year include funding their democratic finance programme, which aims to support communities in driving local economic transformation. DTAS was awarded £294,058 for this project over three years.
Acorns2Trees continues to fund the Green Shoots programme, with a further £240,000 awarded over two years. The programme provides funding for DTAS member organisations when unplanned situations arise which the organisation does not have a budget for, including unexpected legal fees, VAT advice and expert HR advice. Acorn2Trees also continues to fund their Research and Insights team, with a further grant of £24,750 awarded. A new grant of £30,050 was awarded to DTAS for their Crisis and Lifeboat support service, and another £10,000 was awarded for a Workplace Wellbeing support service.
Down’s Syndrome Scotland
Down’s Syndrome Scotland is dedicated to supporting individuals with Down’s syndrome and their families across Scotland, providing resources, groups and activities to help those affected reach their full potential. Acorns2Trees agreed to provide £159,363 over three years to fund their inclusive employment programme, ‘Ready, Willing and Able’. This programme aims to break down barriers and upskill employees to change low employment rates for adults with Down’s Syndrome in Scotland.
Dunblane Development Trust
Dunblane Development Trust is a community-led charity that works to improve community in Dunblane, through creating connections and fostering enterprise. Dunblane Development Trust offers opportunities for members to volunteer and for vulnerable communities to make connections. Acorns2Trees awarded a grant of £3,500 to help fund improvements to the Giving Tree charity shop.
Enable Scotland
Enable Scotland champions the rights of disabled people to gain sustainable work and support employers to realise the benefits of an inclusive workplace. Acorns2Trees has previously funded Enable Scotland to support their Campaign Manager and associated campaign costs. Acorns2Trees continues to do so, awarding a grant of £102,450 to contribute to a Campaign and Activism Lead, and awarded a further grant of up to £69,458 for campaign costs. Additionally, as a one-off donation, Acorns2Trees provided Enable Scotland with £5,000 for the sponsorship of their 70[th] anniversary event.
Glenboig Development Trust
Glenboig Development Trust aims to improve the health and wellbeing, wealth, economy and the environment of its community and surrounding settlements. Acorns2Trees continues to fund their Horizons project which provides a safe environment for teenagers and young adults to learn social skills and have access to new opportunities to build self-confidence, social self-awareness and friendship, and have granted a further £77,892.
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ACORNS2TREES
T R U S T E E S ’ A N N U A L R E P O R T ( c o n t i n u e d )
Year ended 31 March 2025
Inverclyde Community Development Trust
Inverclyde Community Development Trust (Inverclyde CDT) focuses on empowering communities and enhances well-being through providing training, opportunities and services. Acorns2Trees has provided a grant of £149,343 payable over three years to Inverclyde CDT to help fund two new positions, a project supervisor role and a marketing role. Once recruited, these staff members will help to progress their Growing Together project, which aims to provide work placements to young individuals with complex needs.
Morton In the Community
Morton In the Community provides a diverse range of programmes, focusing on the areas of sports, employability, education and health. Acorns2Trees offered Morton in the Community a grant of £19,408 towards their Life Skills Café project. The Life Skills café looks to support young people with learning disabilities transition into the world of work
Scottish Community Alliance
Scottish Community Alliance brings together national networks representing Scotland’s diverse community sector. It supports community empowerment and encourages collaboration within Scotland. In 2023, Acorns2Trees awarded Scottish Community Alliance a grant to fund the employment of a partnership manager. This year, Acorns2Trees have awarded a supplementary grant to continue funding this position.
Twechar Community Action
Twechar Community Action provides community-led services and activities focused on enhancing health, wellbeing, and social inclusion within the local area. Acorns2Trees awarded the organisation a grant of £150,000, payable over four years, to support its ‘Learning Together’ project. This initiative aims to create a safe environment where individuals with additional support needs can engage in volunteering.
University of Glasgow
Acorns2Trees were approached by the University of Glasgow to make a one-off donation to help fund an end of life research book. Acorns2Trees agreed to make a donation and paid £4,000 to the University of Glasgow within the year.
Financing
The charity received donations of £500,000 (2024 - £100,000) during the year. Shortly after the year end, the charity received an additional donation of £924,207.
The charity received repayment interest of £658 (2024: £17,628) during the year, arising on a claim for Gift Aid from HMRC.
The balance of the reserves at 31 March 2025 was £(667,567) (2024 - £143,417).
Risk management
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 manage the exposure to the major risks.
The Trustees will also take account of donations anticipated to be received by the charity, where they have a good degree of confidence that such amounts will be received, over the forthcoming year to ensure that it is able to meet its outstanding commitments. It is not the Trustees’ policy to over-distribute income.
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ACORNS2TREES
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Year ended 31 March 2025
——— a cr 8 ls a ee os _ L
Trustees’ responsibilities in relation to the financial statements
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the Trustee(s) to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP;
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e make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the constitution. They 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.
By order of the Trustees
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I N D E P E N D E N T A U D I T O R ’ S R E P O R T
ACORNS2TREES
Year ended 31 March 2025
Opinion
We have audited the financial statements of Acorns2Trees (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, balance sheet, the statement of cash flows, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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give a true and fair view of the state of the charity’s affairs as at 31 March 2025 and of its incoming resources and application of resources for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the charities Accounts (Scotland) Regulations 2006 (as amended).
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a year of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether the other information is materially inconsistent with the financial statements or
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ACORNS2TREES
I N D E P E N D E N T A U D I T O R ’ S R E P O R T ( c o n t i n u e d )
Year ended 31 March 2025
our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:
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the information given in the financial statements is inconsistent in any material respect with the Trustees’ report; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Trustees’ responsibilities statement set out on page 6, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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I N D E P E N D E N T A U D I T O R ’ S R E P O R T ( c o n t i n u e d )
ACORNS2TREES
Year ended 31 March 2025
We gained an understanding of the legal and regulatory framework applicable to the charity by considering, amongst other things, the sector in which it operates, and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the assessed level of risk, but recognised that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.
As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by management that represented a risk of material misstatement due to fraud.
There are inherent limitations in the audit procedures described above and, the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.
……………………………………… Dixon Wilson Audit Services LLP, Statutory Auditor 22 Chancery Lane London WC2A 1LS
Date:………………………….. 2 January 2026
Dixon Wilson Audit Services LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act.
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ACORNS2TREES
S T A T E M E N T O F F I N A N C I A L A C T I V I T I E S
Year ended 31 March 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| Funds | Funds | ||
| Note | 2025 | 2024 | |
| £ | £ | ||
| Income: | |||
| Donations and legacies | 625,000 | 125,000 | |
| Interest | 658 | 17,628 | |
| Total income | 2 | 625,658 | 142,628 |
| Expenditure on: | |||
| Charitable activities | 3 | (1,436,642) | (311,571) |
| Total expenditure | (1,436,642) | (311,571) |
|
| Net expenditure | (810,984) | (168,943) |
|
| Net movement in funds | (810,984) | (168,943) |
|
| Total funds brought forward | 143,417 | 312,360 | |
| Total funds carried forward | (667,567) | 143,417 |
The Statement of Financial Activities includes all gains and losses for the year. All income and expenditure derive from continuing activities.
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Charity number: SC050580
ACORNS2TREES
BALANCE SHEET
At 31 March 2025
| Note | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Debtors | 5 | 125,356 | 25,000 |
| Cash at bank | 225,502 | 608,618 | |
| 350,858 | 633,618 | ||
| Creditors: amounts falling due within one year | 6 | (672,738) | (366,281) |
| Net current (liabilities)/assets | (321,880) | 267,337 | |
| Creditors: amounts falling due after one year | 7 | (345,687) | (123,920) |
| Net (liabilities)/assets | (667,567) | 143,417 | |
| Totalfunds of the charity: | |||
| Unrestricted income funds | (667,567) | 143,417 | |
| Total | (667,567) | 143,417 |
The accounts on pages 10 to 17 were approved by the board of Trustees on 30. \2.2025 and were signed on its behalf by:
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ACORNS2TREES
S T A T E M E N T O F C A S H F L O W S
Year ended 31 March 2025
| Net movement in funds Increase/(decrease) in creditors (Increase)/decrease in debtors Net cash used in operating activities Change in cash and cash equivalents Cash and cash equivalents brought forward Cash and cash equivalents carried forward |
2025 £ (810,984) 528,224 (100,355) (383,116) (383,116) 608,618 225,502 |
2024 £ (168,943) (619,265) 500,000 (288,208) (288,208) 896,826 608,618 |
|---|---|---|
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N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
ACORNS2TREES
Year ended 31 March 2025
1. Accounting policies
The principal accounting policies adopted, judgement and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
(a) Basis of preparation and assessment of going concern
The financial statements have been prepared in accordance with 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) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. The Trustees acknowledge that the balance of the Charity’s unrestricted funds was negative at the year-end, however they have a good degree of confidence that Mr and Mrs Gordon will continue to fund the Charity so that it can meet its outstanding commitments.
(b) Fund accounting policy
Unrestricted funds are general funds that are available for use at the Trustees’ discretion in furtherance of the objectives of the charity.
(c) Incoming resources
All income is recognised in the statement of financial activities when charity has entitlement to the income, it is probable that the income will be received, and the amount of income can be measured reliably.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Interest income is accounted for on an accruals basis and is recognised when the charity is notified by HMRC of both the amount and settlement date of the repayment interest.
(d) Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Grants payable are payments made to third parties in the furtherance of the charitable objects of the charity. This is accrued in full once the grant is formally awarded and the recipient has been notified, creating a valid expectation that the charity will make the payment
(e) Financial instruments
Financial instruments are recognised in the charity’s Balance Sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
ACORNS2TREES
Year ended 31 March 2025
Basic financial assets
Basic financial assets, which include receivables and cash at bank, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities
Basic financial liabilities, including payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
(f) Functional and presentation currency
The financial statements are presented in pounds which is the functional currency of the Trust and rounded to the nearest £.
| 2. Income from Unrestricted income from donations Gift Aid Interest |
2025 £ 500,000 125,000 658 625,658 |
2024 £ 100,000 25,000 17,628 142,628 £ 271,305 14,648 25,618 311,571 1,509 7,844 - 5,295 - - 14,648 7,204 654 2,400 24 14,400 1,860 (924) 25,618 |
|
|---|---|---|---|
| 3. Analysis of expenditure on charitable activities Grants to charitable causes and institutions (note 4) Support costs Governance costs Analysis of support costs Site visit fees Website design fees Office expenses Rebranding expenses Stakeholder meeting expenses Short film commission costs Analysis of governance costs Accountancy fees Auditor’s fees Independent examiner’s fees Bank charges Trustees’ remuneration Legal Fees Registration of trademark |
£ 1,390,840 16,571 29,231 1,436,642 250 8,033 72 7,417 299 500 16,571 7,800 6,600 - 31 14,800 - - 29,231 |
||
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ACORNS2TREES
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
Year ended 31 March 2025
| 2025 4. Grants and donations £ Beith Community Development Trust 26,568 Borders Clan - Boyndie Trust - Bridgend Farmhouse - Development Trust Association Scotland 598,858 Down’s Syndrome Scotland 159,363 Dunblane Development Trust 3,500 Enable Scotland 176,908 Fly Cup Catering - Glenboig Development Trust 77,892 Inverclyde Community Development Trust 149,343 Morton In the Community 19,408 Mull and Iona Community Trust - Scottish Community Alliance 25,000 Twechar Community Action 150,000 University of Glasgow 4,000 1,390,840 |
2025 4. Grants and donations £ Beith Community Development Trust 26,568 Borders Clan - Boyndie Trust - Bridgend Farmhouse - Development Trust Association Scotland 598,858 Down’s Syndrome Scotland 159,363 Dunblane Development Trust 3,500 Enable Scotland 176,908 Fly Cup Catering - Glenboig Development Trust 77,892 Inverclyde Community Development Trust 149,343 Morton In the Community 19,408 Mull and Iona Community Trust - Scottish Community Alliance 25,000 Twechar Community Action 150,000 University of Glasgow 4,000 1,390,840 |
2024 £ - 2,500 34,775 150,000 30,550 - - (6,520) 30,000 - - - 40,000 (10,000) - - 271,305 £ 25,000 - 25,000 £ 7,930 352,223 6,128 366,281 £ 123,920 123,920 |
|---|---|---|
| 5. Debtors Gift Aid Other debtors |
£ 125,000 356 125,356 |
|
| 6. Creditors: amounts falling due within one year Accruals Grants and donations payable Other creditors |
£ 16,200 647,538 9,000 672,738 |
|
| 7. Creditors: amounts falling due after one year Grants and donations payable |
£ 345,687 345,687 |
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ACORNS2TREES
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
Year ended 31 March 2025
8. Trustees’ remuneration and related party transactions
received remuneration of £14,800 (2024 - £14,400) during the year for services provided to the charity. During the year, had Trustees’ expenses reimbursed totalling £72 (2024 - £126) relating to an office site visit. No other Trustees received remuneration or reimbursements during the year (2024 – nil).
The remuneration and reimbursement of expenses were made under the authority of clause 9.3.1 of the charity’s governing document, which permits the reasonable and proper remuneration of trustees for services provided to the charity.
The charity had no staff during the year (2024 – nil).
During the year, donations of £500,000 (2024 - £100,000) were received from one (2024 – one) of the Trustees.
9. Taxation
Acorns2Trees is a registered charity and as such is exempt from tax on its income to the extent this is applied for charitable purposes.
| 10. Analysis of funds | At 1 April | Incoming | Resources | At 31 March |
|---|---|---|---|---|
| 2024 | resources | expended | 2025 | |
| £ | £ | £ | £ | |
| Analysis of fund movements | ||||
| Unrestricted fund | 143,417 | 625,658 | (1,436,642) | (667,567) |
| At 1 April | Incoming | Resources | At 31 March | |
| 2023 | resources | expended | 2024 | |
| £ | £ | £ | £ | |
| Analysis of fund movements – prior year | ||||
| Unrestricted fund | 312,360 | 142,628 | (311,571) | 143,417 |
The above funds are explained further in the accounting policy on page 12.
Analysis of funds between net assets
| Net assets | Total | |
|---|---|---|
| £ | £ | |
| Unrestricted fund | (667,567) | (667,567) |
| Total funds | (667,567) | (667,567) |
11. Post balance sheet events
Subsequent to the reporting period, on 2 April 2025, a trustee transferred investments with a market value of £924,207 to the charity. The transfer was made after the year-end and therefore has not been recognised in the financial statements for the year ended 31 March 2025.
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