**REGISTERED CHARITY NUMBER: SC051266** 

## **REPORT OF THE TRUSTEES AND** 

## **UNAUDITED FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 OCTOBER 2024** 

## **FOR** 

## **PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

Thomas Barrie & Co LLP Atlantic House 1a Cadogan Street Glasgow G2 6QE 



**PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 OCTOBER 2024** 

||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Financial Statements**|8 to 14|
|**Detailed Statement of Financial Activities**|15 to 16|





**PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **REPORT OF THE TRUSTEES for the year ended 31 OCTOBER 2024** 

The trustees present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of 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). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The SCIO’s purposes are to benefit principally the community of Portpatrick and adjoining districts, with the following objects: 

1. the advancement of community development (including the advancement of rural regeneration) principally within the Community; 

2. the advancement of citizenship or community development including the advancement of rural regeneration; 

3. the advancement of the arts, heritage, culture or science; 

4. the advancement of environmental protection or improvement of the local terrestrial and marine environments. 

5. the provision of recreational facilities or the organisation of recreational activities with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended. 

6. the relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage. 

All the above shall be carried out following principles of sustainable development where "sustainable development" means development which meets the needs of the present without compromising the ability of future generations to meet their own needs. But only to the extent that the above purposes are consistent with furthering the achievement of sustainable development. 

Page 1 



**PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **REPORT OF THE TRUSTEES for the year ended 31 OCTOBER 2024** 

## **ACHIEVEMENTS AND PERFORMANCE** 

## **Charitable activities** 

PCDT was initially formed as a limited company and was awarded was awarded charity status in September 2021. The Company ceased on 20/03/22 and all of the assets were transferred into the Charity on that date. PCDT in pursuant of its objects aims to support a range of community groups and we have been active over the year with several projects. 

## **ROCKIN the PORT** 

Rockin the Port achieved considerable success once more during the summer of 2024. Providing a platform for diverse musical acts spanning different decades, the event catered to a broad audience, ensuring there was something for everyone. RTP has succeeded in bringing people together to share their love for music and foster friendships. Moreover, it has actively promoted emerging young musicians each week as warm-up acts. The influence of RTP extends beyond the local community, making it a staple in the social calendar. 

## **Gaitherin Place** 

The 'Gaitherin' place or shop has transformed into a vibrant hub, serving as a central point for community and tourist information. It is also a venue for purchasing goods, with all proceeds supporting the PCDT. Dedicated local volunteers have worked diligently to make the shop the go-to point of contact for village visitors. Furthermore, the shop has become a venue for hosting small PCDT community meetings, emerging as an asset to the local community. 

## **Portpatrick Coastal Rowing Club - Skiff Build** 

Following completion of the skiff build in May 2023, Portpatrick Coastal Rowing Club has succesfully established itself as an independent group from Portpatrick Community Development Trust. 

## **Village Hall** 

Following extension of the short-term management lease of the hall by Dumfries and Galloway Council to the Trust in January 2023, the hall has continued to be a focus point for the Trust's activities. The Trust's aim to develop a comprehensive business case to achieve a Community Asset Transfer of the hall in the future continues and efforts are now underway for a community consultation to ensure the asset meets the needs of the community. Discussions are continuing with the Council in the meantime and in the short term the lease will be extended for a further two years. 

The hall has continued to be used for small functions and fayres and in 2024 and is now also being used by local fitness and wellbeing groups whose events are well attended by the wider community. The hall also hosted a number of events catering to the children within the community including a Halloween party and Lunch With Santa. Although the hall requires significant renovations due to its aged and deteriorated condition it remains a vital local asset and the Trust continues endeavours to create a financially sustainable future for the hall so that it can continue to be used by members of the Community. 

## **Lottery Community Anchor - Food Project** 

The Food Project supported by funding from the Big Lottery continued throughout 2024 and has developed into a regular social gathering for members of the village each week. The gatherings continue to serve as a platform for members to acquire new cooking skills, establish and develop friendships and share a communal meal. 

Numerous members have expressed that their participation in the food project has influenced them positively, leading to various outcomes such as reduced stress, promotion of community health, and a heightened sense of inclusivity. 

Overall, the project has served as a multifaceted initiative that not only addresses practical needs like access to food but also enriches the community socially, culturally and economically. 

## **FINANCIAL REVIEW** 

## **Financial position** 

The Trust is reliant on income from trusts, grants, service charges and self-generated income. During the year, the charity incurred a deficit of £21,882 (2023 - £38,052 surplus). At the year end, there was almost £30k of reserves, including approximately £11k of Unrestricted Funds. 

Page 2 



**PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **REPORT OF THE TRUSTEES** 

## **for the year ended 31 OCTOBER 2024** 

## **FINANCIAL REVIEW** 

## **Principal funding sources** 

The charity's principal source of income is from grants received from various bodies as follows: 

National Lottery Awards for All, Tesco Bags of Help, Robert Barr Charitable Trust, Kilgallioch Community Fund, Dumfries and Galloway Council Regionwide Comm Fund, Galloway Assoc of Glasgow, Support in Mind Scotland. 

## **Reserves policy** 

The unrestricted general fund represents the free reserves available to the charity to fulfil its primary objectives. Any restricted funds are set up based on the restrictions placed on the income at the time of receipt. 

Income is received throughout the year, but the Charity aims to hold a minimum of 3 months of expenditure within free reserves. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by its governing document, a deed of trust, and constitutes a Scottish Charitable Incorporated Organisation. 

## **Charity constitution** 

The charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered in its current legal form on 16th September 2021. 

The structure of the SCIO consists of:- 

1. the MEMBERS - comprising (i) Ordinary Members (who have the right to attend members' meetings (including any annual general meeting) and have important powers under the constitution; in particular, the Ordinary Members elect people to serve on the board and take decisions on changes to the constitution itself), (ii) the Associate Members and (iii) the Junior Members; 

2. the BOARD - who hold regular meetings during the period between annual general meetings, and generally control and supervise the activities of the SCIO; in particular, the board is responsible for monitoring and controlling the financial position of the SCIO. 

## **Recruitment and appointment of new trustees** 

Appointment of trustees is governed by the Constitution of the Charity. 

## **Organisational structure** 

The Charity is managed by the Committee who meet on a regular basis to discuss the results of the Charity and any future developments. 

## **Induction and training of new trustees** 

The Board of Trustees advise new trustees of the main roles, duties and responsibilities of trustees as well as advising on the background information of the Charity. 

## **Related parties** 

No trustee may be given remuneration by the organisation for carrying out his/her duties as a trustee. 

The organisation is a stand-alone charity. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Charity number** 

SC051266 

Page 3 



**PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **REPORT OF THE TRUSTEES** 

## **for the year ended 31 OCTOBER 2024** 

**Principal address** Po Box 7a 7a Main Street Portpatrick Stranraer DG9 8JN 

## **Trustees** 


## **Independent Examiner** 

Thomas Barrie & Co LLP Atlantic House 1a Cadogan Street Glasgow G2 6QE 

## **COMMENCEMENT OF ACTIVITIES** 

The Charity was previously in the form of a Limited company, this ceased on 20/03/22 and all of the assets were transferred into the Charity on that date. 

Approved by order of the board of trustees on 31 July 2025 and signed on its behalf by: 

Page 4 



**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

I report on the accounts for the year ended 31 October 2024 set out on pages six to fourteen. 

## **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 I 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 : 

- (1) which gives me reasonable cause to believe that, in any material respect, the requirements 

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and 

- 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. 


Thomas Barrie & Co LLP Atlantic House 1a Cadogan Street Glasgow G2 6QE 

3 September 2025 

Page 5 



## **PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 OCTOBER 2024** 

|||||2024|2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies||5,151|10,438|15,589|48,239|
|Other trading activities|2|29,480|7,546|37,026|50,656|
|**Total**||34,631|17,984|52,615|98,895|
|**EXPENDITURE ON**||||||
|Raising funds||13,898|-|13,898|18,976|
|**Charitable activities**||||||
|General charitable activities||27,277|33,322|60,599|41,867|
|**Total**||41,175|33,322|74,497|60,843|
|**NET INCOME/(EXPENDITURE)**||(6,544)|(15,338)|(21,882)|38,052|
|**Transfers between funds**|6|(27)|27|-|-|
|**Net movement in funds**||(6,571)|(15,311)|(21,882)|38,052|
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought forward||17,328|32,433|49,761|11,709|
|**TOTAL FUNDS CARRIED FORWARD**||10,757|17,122|27,879|49,761|



The notes form part of these financial statements 

Page 6 



## **PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **BALANCE SHEET 31 OCTOBER 2024** 

|Unrestricted<br>Restricted<br>funds<br>Notes<br>£<br>funds<br>£<br>**CURRENT ASSETS**<br>Cash at bank and in hand<br>13,893<br>17,122<br>**CREDITORS**<br>Amounts falling due within one year<br>5<br>(3,136)<br>-<br>**NET CURRENT ASSETS**<br>10,757<br>17,122<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>10,757<br>17,122<br>**NET ASSETS**<br>10,757<br>17,122<br>**FUNDS**<br>Unrestricted funds<br>6<br>Restricted funds<br>**TOTAL FUNDS**|2024<br>Total<br>funds<br>£<br>31,015<br>(3,136)<br>27,879<br>27,879<br>27,879<br>10,757<br>17,122<br>27,879|2023<br>Total<br>funds<br>£<br>50,647<br>(886)<br>49,761<br>49,761<br>49,761<br>17,328<br>32,433<br>49,761|
|---|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on 31 July 2025 and were signed on its behalf by: 

The notes form part of these financial statements 

Page 7 



**PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 OCTOBER 2024** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention. 

The presentational and functional currency of the financial statements is Pounds Sterling (£). 

## **Going Concern** 

After reviewing the charity's forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. 

## **Financial reporting standard 102 - reduced disclosure exemptions** 

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': 

- the requirements of Section 7 Statement of Cash Flows. 

## **Critical accounting judgements and key sources of estimation uncertainty** 

In preparing these financial statements, the trustees are required to make judgements, estimates and assumptions that affect the application of the Charity's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively. 

There are no significant judgements or estimates used in the preparation of these accounts. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## Donations 

Donations are recognised on receipt. 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 those conditions are fully met. 

## Grants 

Grants are recognised when the charity has been notified in writing of both the amount and settlement date. Grants are deferred if terms or conditions must be met before the charity has entitlement to the resources. 

## Fundraising 

Funds raised from fundraising events are recognised in the period in which the event was held. 

## Sale of Goods 

Revenue is recognised when the significant risks and rewards of ownership have been transferred to the customer, recovery of the consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing management involvement with the goods, and the amount of revenue can be measured reliably. 

Page 8 



**PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

**NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 OCTOBER 2024** 

## **1. ACCOUNTING POLICIES - continued** 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Taxation** 

The charity is exempt from tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Hire purchase and leasing commitments** 

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. 

## **Financial instruments** 

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. 

## Debtors 

Short term debtors are measured at transaction price, less any impairment. 

## Cash and cash equivalents 

Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management. 

## Creditors 

Short term trade creditors are measured at the transaction price. 

## **Provisions** 

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost. 

Page 9 



**PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 OCTOBER 2024** 

## **2. OTHER TRADING ACTIVITIES** 

|Fundraising events<br>Shop income<br>Sponsorships<br>Social lotteries<br>Cinema Sales<br>Hall Income|2024<br>£<br>12,904<br>10,261<br>7,585<br>948<br>81<br>5,247<br>37,026|2023<br>£<br>24,085<br>14,057<br>4,941<br>1,359<br>793<br>5,421|
|---|---|---|
|||50,656|



## **3. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023. 

## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies|6,144|42,095|48,239|
|Other trading activities|39,637|11,019|50,656|
|**Total**|45,781|53,114|98,895|
|**EXPENDITURE ON**||||
|Raising funds|18,976|-|18,976|
|**Charitable activities**||||
|General charitable activities|9,239|32,628|41,867|
|**Total**|28,215|32,628|60,843|
|**NET INCOME**|17,566|20,486|38,052|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward|(238)|11,947|11,709|
|**TOTAL FUNDS CARRIED FORWARD**|17,328|32,433|49,761|



Page 10 



## **PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 OCTOBER 2024** 

## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Trade creditors<br>Other creditors<br>**MOVEMENT IN FUNDS**<br>**Unrestricted funds**<br>General fund<br>100 Club<br>**Restricted funds**<br>Buddies Bothy<br>Community Resource Centre<br>Skiff Project<br>Rock the Port<br>Lottery Community Anchor<br>**TOTAL FUNDS**|2024<br>2023<br>£<br>£<br>2,506<br>257<br>630<br>629<br>3,136<br>886<br>Net<br>Transfers<br>At<br>movement<br>between<br>At<br>1.11.23<br>£<br>in funds<br>£<br>funds<br>£<br>31.10.24<br>£<br>17,328<br>(6,902)<br>(27)<br>10,399<br>-<br>358<br>-<br>358<br>17,328<br>(6,544)<br>(27)<br>10,757<br>12,359<br>(1,572)<br>(6,273)<br>4,514<br>342<br>-<br>-<br>342<br>2,029<br>(476)<br>-<br>1,553<br>1,597<br>(612)<br>6,300<br>7,285<br>16,106<br>(12,678)<br>-<br>3,428<br>32,433<br>(15,338)<br>27<br>17,122<br>49,761<br>(21,882)<br>-<br>27,879|2024<br>2023<br>£<br>£<br>2,506<br>257<br>630<br>629<br>3,136<br>886<br>Net<br>Transfers<br>At<br>movement<br>between<br>At<br>1.11.23<br>£<br>in funds<br>£<br>funds<br>£<br>31.10.24<br>£<br>17,328<br>(6,902)<br>(27)<br>10,399<br>-<br>358<br>-<br>358<br>17,328<br>(6,544)<br>(27)<br>10,757<br>12,359<br>(1,572)<br>(6,273)<br>4,514<br>342<br>-<br>-<br>342<br>2,029<br>(476)<br>-<br>1,553<br>1,597<br>(612)<br>6,300<br>7,285<br>16,106<br>(12,678)<br>-<br>3,428<br>32,433<br>(15,338)<br>27<br>17,122<br>49,761<br>(21,882)<br>-<br>27,879|2023<br>£<br>257<br>629|
|---|---|---|---|
||||886|
|||10,757<br>4,514<br>342<br>1,553<br>7,285<br>3,428||
|||17,122||
|||27,879||



## **6. MOVEMENT IN FUNDS** 

Page 11 



**PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 OCTOBER 2024** 

## **6. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|Net movement in funds, included in the above are|as follows:|||
|---|---|---|---|
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|33,683|(40,585)|(6,902)|
|100 Club|948|(590)|358|
||34,631|(41,175)|(6,544)|
|**Restricted funds**||||
|Buddies Bothy|-|(1,572)|(1,572)|
|Skiff Project|1,106|(1,582)|(476)|
|Rock the Port|16,878|(17,490)|(612)|
|Lottery Community Anchor||||
||-|(12,678)|(12,678)|
||17,984|(33,322)|(15,338)|
|**TOTAL FUNDS**|52,615|(74,497)|(21,882)|



## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>De Fib Group<br>**Restricted funds**<br>Buddies Bothy<br>Community Resource Centre<br>Skiff Project<br>Rock the Port<br>Lottery Community Anchor<br>**TOTAL FUNDS**|At<br>Net<br>movement<br>At<br>1.11.22<br>£<br>in funds<br>£<br>31.10.23<br>£<br>(238)<br>17,266<br>17,028<br>-<br>300<br>300<br>(238)<br>17,566<br>17,328<br>1,640<br>10,719<br>12,359<br>342<br>-<br>342<br>2,635<br>(606)<br>2,029<br>7,330<br>(5,733)<br>1,597<br>-<br>16,106<br>16,106<br>11,947<br>20,486<br>32,433<br>11,709<br>38,052<br>49,761|At<br>Net<br>movement<br>At<br>1.11.22<br>£<br>in funds<br>£<br>31.10.23<br>£<br>(238)<br>17,266<br>17,028<br>-<br>300<br>300<br>(238)<br>17,566<br>17,328<br>1,640<br>10,719<br>12,359<br>342<br>-<br>342<br>2,635<br>(606)<br>2,029<br>7,330<br>(5,733)<br>1,597<br>-<br>16,106<br>16,106<br>11,947<br>20,486<br>32,433<br>11,709<br>38,052<br>49,761|
|---|---|---|
|||17,328<br>12,359<br>342<br>2,029<br>1,597<br>16,106|
|||32,433|
|||49,761|



Page 12 



**PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 OCTOBER 2024** 

## **6. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|44,122|(26,856)|17,266|
|100 Club|1,359|(1,359)|-|
|De Fib Group|300|-|300|
||45,781|(28,215)|17,566|
|**Restricted funds**||||
|Buddies Bothy|10,773|(54)|10,719|
|Skiff Project|250|(856)|(606)|
|Rock the Port|21,618|(27,351)|(5,733)|
|Lottery Community Anchor||||
||20,473|(4,367)|16,106|
||53,114|(32,628)|20,486|
|**TOTAL FUNDS**|98,895|(60,843)|38,052|
|**PURPOSE OF FUNDS**||||



## General 

**100 Club** - the balance of funds from the monthly draw, surplus transferred to General Fund as required by the Trustees. 

**Evening With Concerts** - A spin-off of Rocking the Port, where Concerts are put on in the village hall, This provides social interaction and continuity of Rocking The Port during the winter months. "Evening With" is maintained as a separate general fund. It is run on a ticket basis. 

## Restricted 

**Buddies Bothy** - Project under object 1 and 5, we secured the lease on an outbuilding behind the "Gaitherin Place" and Buddies Bothy plan is to turn it into a community workshop on the men's shed model but open to both men and woman. The lower floor will be a workshop space to deliver community projects. The building badly needs repair and increase in security in the first instance, with a more detailed upgrade to the interior and exterior areas. We have a group of volunteers to provide the labour required. This project is on hold following withdrawal of the grant offer. 

**Community Resource Centre** - Project under objects 1 and 6. "The Gaitherin Place" a Community Resource and drop-in centre located at the Main Street, Portpatrick DG9 8JN. This project was Phase 2 of a 3 Phase project. This project is to provide revenue funding for the lease charges to enable the space to be used to support individuals and to develop the space as a self -sustaining community activity and drop-in centre. 

Page 13 



**PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued** 

## **for the year ended 31 OCTOBER 2024** 

## **6. MOVEMENT IN FUNDS - continued** 

**Skiff project** -Project under object 5 to support the development of Portpatrick Coastal Rowing Club to build their own community skiff. This provides significant community benefit both during construction and into long term operation of the Skiff by allowing a wide range of individuals opportunity to take part in activities, from Portpatrick and allow the village to take part in water sport activities based in Loch Ryan and the other coastal communities. (Extending to Ballantrae, in South Ayrshire to Garlieston on the eastern Machars. 

**Rocking the Port** - Project under objects 1, 3 & 6. In 2022 PCDT successfully established and delivered ROCKIN the Port, a 12 week programme of free music 1-5pm, every Sunday afternoon in the local village hall or in the local tennis court. This initiative attracted an average weekly audience of 250 residents, visitors and family holidaymakers. The programme created a unique and innovative opportunity for everyone to re-engage post covid and to once again enjoy and appreciate life and friendships old and new. It also provided volunteering opportunities for local adults and young people to work together in the community. Providing a tourist attraction it also played a significant role in supporting the l ocal economy that is largely dependent on tourism. 

**Lottery Community Anchor - Food Project** - This is a project under objects 1,5 and 6 and provides community cooking, hot meals and social interaction. The Food project meets regularly and has alsop provided Christmas Hampers and Fuel Cards for vulnerable p ersons. 

## **Transfers between funds** 

The surplus from the 100 Club fund is transferred to the General Fund as and when required. 

## **7. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 October 2024. 

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## **PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 OCTOBER 2024** 

||2024|2023|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|11,972|11,708|
|Grants|3,617|36,531|
||15,589|48,239|
|**Other trading activities**|||
|Fundraising events|12,904|24,085|
|Shop income|10,261|14,057|
|Sponsorships|7,585|4,941|
|Social lotteries|948|1,359|
|Cinema Sales|81|793|
|Hall Income|5,247|5,421|
||37,026|50,656|
|**Total incoming resources**|52,615|98,895|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Evening With|10,199|14,592|
|Cinema costs|266|329|
|Hall costs|1,564|1,601|
||12,029|16,522|
|**Other trading activities**|||
|Purchases|1,869|2,454|
|**Charitable activities**|||
|Buddies Bothy|1,572|54|
|Rock the Port|17,490|27,351|
|100 Club|590|1,299|
|Skiff project|1,582|856|
|Lottery Community Anchor|12,678|4,367|
|Tractor Ptoject|10,825|-|
|Donations payouts|1,825|-|
||46,562|33,927|
|**Support costs**|||
|**Management**|||
|Other operating leases|4,779|4,080|
|Carried forward|4,779|4,080|



This page does not form part of the statutory financial statements 

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## **PORTPATRICK COMMUNITY DEVELOPMENT TRUST** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** 

|**Management**<br>Brought forward<br>Insurance<br>Light and heat<br>Telephone<br>Postage and stationery<br>Sundries<br>**Governance costs**<br>Accountancy and legal fees<br>Total resources expended<br>**Net (expenditure)/income**|**for the year ended 31 OCTOBER 2024**<br>2024<br>£<br>2023<br>£<br>4,779<br>4,080<br>1,673<br>1,571<br>5,880<br>951<br>563<br>511<br>512<br>176<br>-<br>21<br>13,407<br>7,310<br>630<br>630<br>74,497<br>60,843<br>(21,882)<br>38,052|**for the year ended 31 OCTOBER 2024**<br>2024<br>£<br>2023<br>£<br>4,779<br>4,080<br>1,673<br>1,571<br>5,880<br>951<br>563<br>511<br>512<br>176<br>-<br>21<br>13,407<br>7,310<br>630<br>630<br>74,497<br>60,843<br>(21,882)<br>38,052|
|---|---|---|
|||7,310<br>630|
|||60,843|
|||38,052|



This page does not form part of the statutory financial statements 

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