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← Fort, Seafield and Wallacetown Community Association SCIO

2025-08-31-accounts

Fort, Seafield and Wallacetown Community Association SCIO

Scottish Charity No — SC051189

Annual Report and Financial Statements

For the year ended 31 August 2025

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Trustees’ Report

For the year ended 31 August 2025

The trustees have pleasure in presenting their report together with the financial statements for the year ended 31 August 2025.

Reference and Administrative Information

Charity Name

Fort, Seafield and Wallacetown Community Association SCIO

Charity no

S$CO051189

Address

ee

Trustees

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Structure, Governance and Management

Constitution

The Charity is a Scottish Charitable Incorporated Organisation (SCIO) and has charitable status under the Charities and Trustee Investment (Scotland) Act 2005. It was registered in its legal form on the 10" August 2021. The Constitution was agreed and adopted on the 31st May 2021 prior to incorporation as an SCIO and has been duly adopted post incorporation. The Constitution was amended and adopted at the Annual General Meeting on 28" June 2023.

The members of the Association shall be open to all residents living on a long-term basis in the Fort, Seafield and Wallacetown areas who are interested in helping the Association to achieve its aims. Members select people to serve on the Management Committee.

The charity shall benefit the Fort, Seafield and Wallacetown community in Ayr.

Appointment of Trustees

The management committee act as Trustees of the charity and may co-opt additional members where their expertise or professional qualifications are required to assist in promoting any of the charities activities.

Objectives and Activities

Charitable Purpose

a) the advancement of citizenship or community development

b) the advancement of the arts, heritage, culture, or science c) the advancementof environmental protection or improvement

The charities current objectives to deliver its purpose are as follows:

Activities

Wallacetown Community Energy Project

The charity secured funding from SP Energy Networks Transmission NetZero Fund and the Scottish Government's Community Energy Growth fund (CEG) via the Scottish Government's Community Renewable Energy Scheme (CARES) to deliver the Wallacetown Commun ity Energy Project (WCEP). The main activities have been the planning, project man agement, procurement of goods and services and installation of equipment. The installation phase was completed on 29 August 2025.

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The charity has set up Wallacetown Commu nity Energy Project Limited SC863788 incorporated on 23 September 2025 asa Private limited company wholly owned by the charity. This company will man age the project once fully operational in cluding the collection of income. All profits will be gift aided back to the charity in full each year. Funds will subsequently be allocated to a designated community benefit fund to allow the charity to fund local community projects aligned to the charities prime purpose. The project installation was completed on 29 August; we have a Power Purchase Agreementin place with energythe Council which is part of the 25-year lease agreement. We also have started engagementwith the companies to secure a Smart Export Guarantee, (SEG) to sell the excess energy generated to grid. To support the Association in Community engagement in identifying specific projects or funding we have established an Advisory Panel chaired by an Association Trustee and made up of identified members working and living in the commu nity.

In addition to this project the Association undertook the following other areas that align with our constitution objectives.

Short Term Let’s (STL’s)

The impact of a significant increase of properties, manly flats being purchased for the purpose of Short Term Letting was brought to our attention due to increase of Anti-Social behaviour and disruption associated with this type of let. To address the issue, we took the following actions:

  1. A proposal to object to all planning applications for STL’s for properties (Flats) which had single door entry to the block would be taken to the Community Council (Statutory Body) to endorses.

  2. Engagement with the Local Councillor's for the area took place to gain support in our objection to change of use (Planning applications) and the granting of Licence’s to operate.

STL Outcomes

  1. The proposal was taken to the Community Council and was approved. 2. We received full support from the elected members forthe Ward Area. We have also along with Community Councillors and affected residents attended Planning Application meeting and howeverLicence Panel approval meetings. Unfortunately,we have had limited success in our objections, to support has grown from a majority of the full Council Elected Members. This has led the developmentand drafting of guidelines will make it easier for Panel Member to formally

object.approval.The guidelinesatthis pointofreporting have yet to be taken to a full Council Meeting for

Development of the Ayr Esplanade & South Harbour

The association has worked closely with South Ayrshire Council and other partners from the local developmentcommunity to provide inputand feedback and raise questions on a numberof matters relating to the Harbour plans for the Ayr Esplanade and separate plans relating to the improvement of the South within area of Fort. Our meetings also provide an opportunity to discuss other issues of interest the Fort, Seafield & Wallacetown area including concerns with anti-social behaviour in the Blackburn Road car park which has been impacting on residents local to that area.

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Achievements and Performance

Theinstallationmain achievementphase on 29forAugustthe year was 2025 the completion of the Wallacetown Community Energy Project

Financial Review

Funds of £72 were carried forward at 31 August 2024

There was £94 of unrestricted income received during the year. Unrestricted expenditure for the year was £35, leaving unrestricted funds carried forward at 31 August 2025 of £131.

There was restricted grant received during the year of £154,785 for the Wallacetown Community Energy Project (WCEP) and these funds were spent in full during the year.

There was a balance of £131 in the bank at31 August 2025 representing the unrestricted su rplus.

The completion of the final installation phase of the Wallacetown Community Energy Project (WCEP) during the coming year will see revenue streams being generated for the Charity.

Reserves Policy

The Charity will begin to set aside appropriate reserves once the revenue streams begin to be generated in the year ahead.

Plans for future period

The Wallacetown Community Energy Project (WCEP) willbe fully operational du ring the year ahead. The nextstage willbe to set up the Community BenefitFund which is designed to fund local community projects aligned to our charitable purpose

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Approved by the trustees on 4 February 2026
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Dated: 4 February 2026

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Independent Examiner’s Report to the Trustees of Fort, Seafield, Wallacetown Community Association SCIO

| report on the accounts of the charity for the year ended 31 August 2025 which are set out on pages 7-10

Respective responsibility 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) 2006 (as amended). The charity trustees considerthat the audit requirements of Regulations 101 (1) (d) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44 (1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried outin accordance with Regulation 11 of the 2006 Accounts Regulations. 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 accountand seeks explanationsfrom the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. e tokeep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations

  3. e to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations

have not been met

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8F Millbrae Court, Ayr

KA7 3GT

Date: 4 February 2026

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Statement of Receipts and Payments for the year ended 31 August 2025

Unrestricted Restricted Yearended Yearended
Funds Funds 31 August 31 August
2025 2024
Receipts eeeeeeSeSeeeSFSeeeSsSsSsSsh
Donations 10 - 10 -
Grants - 154,785 154,785 -
Other 84 - 84 -
;
Total receipts		 eee
94
154,785
154,879
.
i
Payments
Costof charitable activities - 154,785 154,785 -
Governance costs 35 - 35 30
Total payments eee
35
154,785
154,820
30
eee
Surplus/(Deficit) fortheyear 59 - 59 (30)
Transferbetween funds - - -
7
i
Surplus/(Deficit) fortheyear		 a)
59
>
59
(30)
=58
.
Reconciliation offunds;		 SS
Fundsbroughtforward 1
September2024		 72 - 72 102
Surplus/(Deficit) fortheyear 59 - 59 (30)
Fundscarriedforward 31 August
2025		 131 - 131 iz
EN

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Statement of Balances — As at 31 August 2025

Unrestricted Restricted Yearended Year ended Funds Funds 31 August 31 August 2025 2024 . Opening . ec cash at bank and in hand 72 - 72 102 Surplus/(Deficit) for the year 59 - 59 (30) Closing cash at bank and in hand 131 ~ 131 72 ene Bank and Cash Balances Bank current account eee131 - 131 72 aeeat

Approved by the trustees on 4 February 2026

Dated: 4 February 2026

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Notes to the accounts — for the year ended 31 August 2025

1. Basis of accounting

These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities and Trustee Investment (Scotlan d) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

  1. Nature and purpose of funds

Unrestricted funds are those that may be used at the discretion of the trustees in the furtherance of the objects of the charity. Restricted funds may only be used for a specific purpose. 3. Related party transactions

There were no related party transactions during the year. No other remuneration was paid to the trustees or any connected persons during the year (2024: Nil) 4. Grants received

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Unrestricted Restricted Total 2025 Total 2024
Funds Funds
———
SPEN eee
91/335 51,335 -
CARES 103,450 103,450 -
Total —eeeeeeSeSeSeSeSeSeSeSeSeeSFSFSFSFsmsksFsFesef- 154,785 154,785 -
eeeeeeSeSeSeSSeSeSeeSeSFSFSFSFSSSSSSSsSsSsSsF—st—sS
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  1. Miscellaneous Income

The Charity received £84 in compensation from Bank of Scotland (2024 £nil)

6. Governance Costs

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Unrestricted Restricted Total Total
AGM Funds Funds 2025 2024
35 - 35 30
Total 35 - 35 30
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Notes to the accounts — for the year ended 31 August 2025

7. Cost of charitable activities

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Unrestricted | Restricted Total 2025 Total 2024
Funds Funds
a a |
Project 15,676 15,676
management
Surveys &
Certification 8,356
Planning &
Building Warrants 2,374 2,374
GridConnectionSolar Panel and [sig 1,800 1800[| sie
associated
equipment 121,658 121,658
[Total |SSSCdYCSC«éiS 4,78 154,785| ig
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