Leith Community Fund
Scottish Charity No — $C051023
Annual Report and Financial Statements For the year ended 30 June 2025
Leith Community Fund
Year ended 30 June 2025
Trustees’ Annual Report For the period ended 30 June 2025
The trustees have pleasure in presenting their report together with the financial statements for the year ended 30 June 2025.
Reference and Administrative Information
Charity name Leith Community Fund
Charity no $C051023
Address
1 Prince of Wales Dock Edinburgh EH6 7DX
Current Trustees
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Structure, Governance and Management Constitution
Leith Community Fund (LCF) is registered with the Scottish Charity Regulator (SCO051023) and is a Scottish Charitable Incorporated Organisation registered on 8 June 2021.
Appointment of trustees
Trustees are recruited from individuals who have an interest in Leith and experience relative to the area of benefit to the fund. The maximum number of trustees per the constitution is 7.
Objectives and Activities Charitable purposes
Our charitable purposes are:
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e The advancement of education, the advancement of citizenship or community development and;
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e The relief of those in need by reason of age, ill health, disability, financial hardship or other disadvantage.
In furtherance of these purposes the organisation will award grants within communities of Leith in order to;
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e Counter loneliness;
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e Counter isolation and the impacts of isolation;
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e Develop youth opportunities for upskilling of training;
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e Provide inter-generational programs and;
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e Further the relief from domestic violence.
Activities
The LCF invites applications for grant funding from a range of charitable organisations within the wider Leith area. Along with grant funding, the LCF looks to form strategic relationships with key charities within the Leith area.
Achievements and Performance
The LCF has issued grants of £47,443 in the last financial year for a variety of Leith charities.
The LCF has secured £5,000 of additional funding in the last financial year and continues to look for opportunities for new funding in support of its aims.
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Financial review
The LCF is considering future income streams including contributions from businesses located in the Leith area and philanthropic donations.
During the year the charity had income of £5,076 (2024: £1,000) and expenditure of £47,977 (2024: £30,326) providing a deficit of £42,901 (2024: deficit £29,326).
This deficit is expected due to the nature of the charity and its provision of grants. The Trustees have reviewed the financial position and are satisfied that the charity has sufficient reserves to continue as a going concern as noted below in the reserves policy.
Reserves policy
LCF is a grant giving charity and does not have any significant running costs. Grants will only be awarded where sufficient funds are available. The charity does not have a minimum reserves target.
Currently the charity has reserves of £187,602 (2024: £230,503).
Plans for future period
The LCF will continue to award grant funding to local charities. The LCF aims to grow awareness of the fund within the local area. The LCF will continue to engage with local businesses with an interest in the Leith area.
Approved by order of the board of trustees on AAaAlAc.. and signed on its behalf by:
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Independent Examiner's Report to the Trustees of Leith Community Fund
| report on the accounts for the year ended 30 June 2025 set out on pages five to eight.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Full member of the Association of Charity Independent Examiners Cowan & Partners Limited 60 Constitution Street Edinburgh EH6 6RR
Date: bb Rohn. PQ babe
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Statement of Receipts and Payments for the year ended 30 June 2025
| Yearended | Year | ended | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 30June | 30 June | ||||
| Funds | Funds | 2025 | 2024 | ||||
| Note | £ | £ | £ | £ | |||
| Receipts | |||||||
| Donations | 4 | 5,000 | - | 5,000 | 1,000 | ||
| Grants | - | - | - | - | |||
| Fundraising | - | - | - | - | |||
| Bank Interest | - | - | - | - | |||
| Other Income | 76 | - | 76 | - | |||
| Total Receipts | 5,076 | - | 5,076 | 1,000 | |||
| Payments | |||||||
| Fundraising Costs | - | - | - | - | |||
| Grants Awarded | 5 | 47,443 | - | 47,443 | 29,724 | ||
| Governance Costs | 6 | 534 | - | 534 | 602 | ||
| Total Payments | 47,977 | - | 47,977 | 30,326 | |||
| Surplus/(Deficit) for the | (42,901) | - | (42,901) | (29,326) | |||
| year | |||||||
| ee | |||||||
| Transfers between | - | - | - | - | |||
| Funds | |||||||
| Cash Funds Brought | 230,503 | - | 230,503 | 259,829 | |||
| Forward | |||||||
| Cash Funds Carried | 187,602 | - | 187,602 | 230,503 | |||
| Forward |
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Statement of Balances - as at 30 June 2025
| Opening at | Unrestricted | Restricted | Closing Balance | ||
|---|---|---|---|---|---|
| 1 July 2024 | Funds | Funds | 30 June 2025 | ||
| £ | £ | £ | £ | ||
| Opening Cash at bank and in | |||||
| hand | 230,503 | . | - | 230,503 | |
| Surplus/(Deficit) for theyear |
- | (42,901) | - | (42,901) | |
| Closing Cash at bank and in | |||||
| hand | 230,503 | (42,901) | - | 187,602 |
Liabilities
Accounts are prepared on a receipts and payments basis.
At the year-end an Independent Examiners fee for the year to 30 June 2025 of £558 is due.
Two cheques issued totaling £15,441 are yet to be cashed.
The financial statements were approved by the Board of Trustees and authorised for issue on AAA. and were signed on its behalf by:
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Notes to the accounts
1. Basis of Accounting
These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)
2. Nature and Purpose of Funds
Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to day running of the charity.
Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes.
3. Related Party Transactions
During the year a grant of £3,000 was awarded to The Leith Trust which shares a mutual Trustee with Leith Community Fund.
There have been no further transactions with related parties during the year.
No Trustees have received remuneration or expensed in the period to 30 June 2025 nor 30 June 2024.
4. Donations
| Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|
| Funds | Funds | Total 2025 | Total 2024 | |||
| £ | £ | £ | £ | |||
| Ocean Terminal | 5,000 | - | 5,000 | - | ||
| The | Lubricators | Charitable Trust | - | - | - | 1,000 |
| 5,000 | - | 5,000 | 1,000 |
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5. Grants Awarded
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| Funds | Funds | ‘Total 2025 | Total 2024 | |
| £ | £ | £ | £ | |
| Citadel Arts Group | 1,000 | - | 1,000 | 1,000 |
| All Together Edinburgh | - | - | - | 5,000 |
| Capital Theatres | - | - | - | 2,129 |
| Dr Bell's Family Centre | - | - | - | 1,000 |
| Citadel Youth Centre | - | - | - | 950 |
| YMCA Edinburgh | 8,903 | - | 8,903 | - |
| The Water of Leith Conservation Trust | 5,000 | - | 5,000 | - |
| CLASP | - | - | - | 1,000 |
| Heart of Newhaven Community SCIO | 7,500 | - | 7,500 | 5,000 |
| Safer by Sound | - | - | - | 1,000 |
| The City of Edinburgh Council | - | - | - | 8,845 |
| Forth Bridges Tourist Group | - | - | - | 1,000 |
| Hibernian Community Foundation Ltd | - | - | - | 800 |
| ATeam Productions | - | - | - | 1,000 |
| Edinburgh Science Ltd | 4,000 | - | 4,000 | 1,000 |
| Edinburgh Remakery | 5,000 | - | 5,000 | - |
| The Leith Trust | 3,000 | - | 3,000 | - |
| Pilmeny Development Project | 12,040 | - | 12,040 | - |
| The Junction | 1,000 | - | 1,000 | - |
| 47,443 | - | 47,443 | 29,724 |
6. Governance Costs
| Unrestricted | Restricted | Total 2025 | Total 2024 | |
|---|---|---|---|---|
| Funds | Funds | |||
| £ | £ | £ | £ | |
| Independent Examiners | 534 | - | 534 | 504 |
| Fee | ||||
| Bank Charges | - | - | - | 98 |
| Total | 534 | - | 534 | 602 |
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