Charity registration number SC051727 (Scotland)
POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 14 JUNE 2025
POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND CONTENTS
| Page | |
|---|---|
| Chairman's statement | 1 |
| Trustees' report | 2 - 10 |
| Independent examiner's report | 11 |
| Statement of financial activities | 12 |
| Balance sheet | 13 |
| Notes to the financial statements | 14 - 23 |
POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 14 JUNE 2025
It has been a very busy but successful year for the Knights Templar Goodwill Charity of Scotland, and we are immensely proud of how the charity continues to grow, month on month, reaching more people, deepening our impact, and strengthening our community.
From our humble beginnings in 2021, founded by three veterans with a shared vision of compassion and service, we have grown into a vital support network for individuals and families across Scotland. This year, we’ve seen that vision flourish.
Our Community Hub in Cowdenbeath has expanded both in capacity and in heart. With increased seating, a new self-service breakfast area, and a welcoming outdoor space, thanks to the generosity of Dunelm, we’ve created a sanctuary where over 13,000 meals were served this year alone. Every meal represents not just nourishment, but dignity, connection, and care.
The launch of our Dora Community Orchard & Garden marks another milestone. This beautiful space, rooted in local heritage, now offers a place for reflection, community events, and sustainable growing. It stands as a living symbol of what can be achieved when people come together.
We were especially proud to launch Templar Tots in November 2024, offering vital support to new parents and their babies. This initiative, alongside our expanding outreach work and veteran support programmes, reflects our commitment to meeting people where they are, with empathy, respect, and practical help.
Our City Centre Outreach has grown significantly, with new partnerships enabling us to reach those experiencing homelessness in Aberdeenshire and beyond. Thanks to the support of Places for People Foundation and Gogar Services, we’ve distributed hundreds of care packs and expanded our capacity to serve those most in need.
Financially, we remain in a strong position, with prudent stewardship of our resources and deep gratitude to our funders and partners. Their belief in our mission has made this year’s achievements possible.
To our volunteers, trustees, staff, funders, and community partners, thank you. Your dedication and generosity are the lifeblood of this charity. Together, we are not only alleviating poverty, but restoring hope, dignity, and belonging.
As we look ahead, we do so with renewed energy and a steadfast commitment to those we serve. The journey continues, and we are honoured to walk it with you.
.............................. Gary Stevenson Chairman
09-03-26 Date: .........................
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND TRUSTEES' REPORT
FOR THE YEAR ENDED 14 JUNE 2025
The trustees present their annual report and financial statements for the year ended 14 June 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Objectives and activities
We are dedicated to alleviating poverty and assisting those in need across Scotland. Founded by three veterans in 2021, we achieved charitable status in 2022.
Our charity supports people facing homelessness, poverty, social isolation, and mental health challenges. We do this through practical help and a strong sense of community, delivered via our Community Hub in Cowdenbeath and our Community Garden and Orchard.
At the hub, we provide free home-cooked meals to eat in or take away, along with care packages containing hygiene products and other essentials. We offer a warm, welcoming space where people can connect, feel safe, and get the support they need without fear or judgment.
We also run Templar Tots, a dedicated support programme for newborns up to 12 months old and their families. This includes baby essentials, care packages containing hygiene items, and support for new parents who may be struggling financially.
Our work is person-focused, inclusive, and rooted in compassion. We support veterans, families, and individuals — helping them meet basic needs, reconnect with others, and find hope in difficult times.
We provide essential care packs, food, clothing and long-term support, making a tangible difference to those we serve in our local community in Fife, and across Scotland.
2024/2025 was a year of growth for our charity. Our goals were:
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Increase capacity in our Community Hub
-
Create a Community Orchard and Garden
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Expand distribution of care packs beyond Fife and Edinburgh City Centre
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 14 JUNE 2025
Achievements and performance Community Hub & Free Meals
We increased the seating capacity in our Community Hub from 12 to 16 and introduced a free self-service breakfast area.
This space is used as a social space, for those experiencing social isolation and provides vital access to free breakfast and free home made meals for individuals and families experiencing poverty.
After winning a competition hosted by Dunelm, we were able to completely upgrade our outdoor seating area. Not only has this increased our outdoor seating capacity, but it’s also provided a more welcoming and comfortable outdoor space for our Service Users to enjoy.
Our kitchen team have produced 22,932 meals since the Hub opened in July 2023, providing those in need with free nutritional home cooked meals With 13,735 being issued to those in need in the last 12 months.
Our total food spend for this year was £13,703. This covered all free breakfast foods in our Community Hub.
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 14 JUNE 2025
Service User Feedback
We regularly seek feedback from our Service Users, to ensure the services we offer are meeting their needs. Below is some recent feedback received.
Dora Community Orchard & Garden
Our partnership with Fife Golf Trust, Fife Council, Fife Coast and Countryside Trust, Asda Foundation and Lodge 19 Coupar O’ Fife; saw the creation of our community orchard and garden. Named the Dora Community Orchard & Garden, after the Dora coal mine that was previously on the site.
This space will provide an invaluable outdoor space for both our Service Users, and the wider community to enjoy.
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 14 JUNE 2025
Additionally, this space will be used to host community events, and outdoor awareness and fundraising activities.
Last November saw our Trustees, Volunteers, Sponsors and the local community join forces to start planting.
A total of 38 fruit trees have been
planted.
Hawthorn hedging added to create a border.
Our previously small vegetable garden, has been moved into the community garden to create a much larger vegetable patch.
Templar Tots
Launched in November 2024 to provide dedicated support for parents who may be struggling financially. Supporting newborn babies up to 12 months.
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 14 JUNE 2025
Each.family.that’s.referred.to.Templar.Tots.via Healthcare or Social care staff, is given a free care package containing baby essentials, hygiene items and clothing.
These care packs supplement the Baby Boxes issued by the Scottish Government to all new parents.
Veterans
Here at Knights Templar Goodwill Charity of Scotland, we have a dedicated Veteran section, offering peer to peer support for serving Armed Forces personnel, Reservists and Veterans.
Our Veterans section is run by a dedicated team of Trustees and Veterans who, themselves are Veterans, and can therefore relate to our Service users on a peer level.
We currently host two Veteran only events per month, with plans in place to grow our Veterans section in the next financial year.
Regular awareness days were held throughout the year to raise awareness of our Veterans section, this has helped increase the number of Service Users taking part in our dedicated veterans events. All new veterans visiting Knights Templar are given a free care pack.
Twice monthly supper clubs are held, specifically for our veterans.
During these evenings, a free meal will be prepared, for guest to enjoy as they share stories and experiences. Followed by a variety of activities. All hosted in our Community Hub in Cowdenbeath. In the last year, £1,062 was used to host specific veterans events.
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 14 JUNE 2025
City Centre Outreach
Our partnership with Gogar Services has allowed us to expand our distribution of Care Packs to those in poverty or experiencing homelessness in the Aberdeenshire area.
To date, 365 care packs have been prepared for Aberdeenshire Council.
Our Care Packs , packed in an easy to carry back pack, contain the following items: Bottle of water Bar of chocolate Toothpaste and toothbrush Deodorant & Soap Socks, hat, gloves Vaseline Tissues & wet wipes Hand warmers
Places for People have been instrumental in supporting our City Centre Outreach programme. Not only has their funding allowed us to undertake 12 outreach visits, distributing food, drink, care packs and clothing packs to people living on the streets; it’s also allowed us to purchase larger, battery operated carts, meaning we can take more food, drink and care packs with us, therefore helping more people in need.
Scott’s Journey: From visitor to vital team member
In July 2023, a simple leaflet dropped through Scott’s letterbox—an invitation to discover the newly opened Community Hub run by the Knights Templar Goodwill Charity of Scotland. Living alone and curious about what the hub had to offer, Scott decided to pay a visit. That decision marked the beginning of a life-changing journey.
Initially, Scott came to explore the services available. But over the next eight weeks, something deeper began to unfold. He built meaningful connections with the trustees and volunteers, finding not just support, but a sense of belonging. Inspired by the warmth and purpose he found at the hub, Scott chose to give back—becoming a volunteer himself.
Scott quickly became a key part of the team, not only helping within the hub but also stepping up to plan and coordinate outreach visits to the city centre. His dedication and empathy stood out. He treated every service user with dignity and respect, offering kindness while gently encouraging mutual respect among visitors.
By July 2024, just over a year after first walking through the hub’s doors, Scott’s commitment and growth were recognised with a new role: Site Manager for the charity. In this position, he’s flourished—developing strong planning and organisational skills, coordinating daily and weekly volunteer activities, supporting the Catering Manager with meal counts and stock checks, and continuing to lead outreach efforts with care and precision.
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 14 JUNE 2025
Scott ensures every outreach visit is well-prepared, with hot and cold drinks, nourishing food, warm clothing, and essential care packs ready for those in need. His leadership and compassion have made him an integral part of the Knights Templar Goodwill Charity of Scotland. He’s respected and valued by trustees, volunteers, and service users alike.
But Scott’s story doesn’t end there. Fast forward two years after that leaflet arrived, his life has transformed. He’s met his partner, embraced a healthier lifestyle, and even started travelling—experiences he once never imagined.
Scott’s journey is a powerful testament to the impact of community, compassion, and opportunity. It’s a true success story—and a shining example of why the services we provide matter so deeply to the people we support.
Financial review
Income Received from Grants: £76,683 (2024: £17,226)
Income Received from Donations/Fundraising: £10,504 (2024: £29,313)
Total Outgoings: £96,480 (2024: £18,686)
Total Restricted Reserves at Financial Year End £19,949 (2024: £12,000)
Total Unrestricted Reserves at Financial Year End: £5,209 (2024: £21,860)
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and 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 charity’s current activities while consideration is given to ways in which additional funds may be raised. The trustees are actively working towards this level of reserves.
Structure, governance and management
The charity is a SCIO (Scottish Charitable Incorporated Organisation) registered by OSCR and governed by its constitution.
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 14 JUNE 2025
Registered Office
Knights Templar Goodwill Charity of Scotland Unit 12, Thistle Innovation Park Seco Place Cowdenbeath KY4 8LP
Registered Charity No: SC051727
Trustees
Gary Stevenson Chair Vicky Kinloch Secretary Debbie Brown Treasurer (appointed February 2025) Keith Stevenson Stuart Banks Hazel Brown (appointed April 2025) Kevin Driscoll Katrina Banks (resigned June 2024) Kath Nicholson (resigned April 2025) April Stevenson (resigned April 2025)
Independent Examiners
Thomson Cooper 3 Castle Court Carnegie Campus Dunfermline KY11 8PB
Recruitment and appointment of trustees
The Trustees of the Group are known as the Board. All current members of the Board were appointed through election. Further appointments or reappointments will take place at board meetings which are held each year.
Our Funders and Partners
We would not have achieved the growth we did in the last 12 months without the support of our Funders and Partners:
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Colin Weir Charitable Foundation
-
Asda Foundation
-
Fife Council
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Fife Coast and Countryside Trust
-
Fife Golf Trust
-
Gogar Services
-
Places for People
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Dunelm
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Lodge 19 Coupar O’ Fife
-
The National Lottery
-
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 14 JUNE 2025
Statement of Trustees' Responsibilities
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 trustees 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;
-
observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material 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 operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. 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.
The trustees' report was approved by the Board of Trustees.
Gary Stenson
..............................
G Stevenson
Trustee
09-03-26 Date: .............................................
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND
I report on the financial statements of the charity for the year ended 14 June 2025, which are set out on pages 12 to 23.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 does not apply.
It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination is 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the 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 financial statements.
Independent examiner's statement
In the course of my examination, no matter has come to my attention
- 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 Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Fiona Haro CA Thomson Cooper 3 Castle Court Carnegie Campus Dunfermline KY11 8PB
09-03-26 Date: ............................
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 14 JUNE 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income and endowments from: Donations and legacies 2 12,254 74,933 Charitable activities 3 591 - Other income 4 - - Total income 12,845 74,933 Expenditure on: Charitable activities 5 28,343 68,137 Total expenditure 28,343 68,137 Net income/(expenditure) (15,498) 6,796 Transfers between funds (1,153) 1,153 Net movement in funds (16,651) 7,949 Reconciliation of funds: Fund balances at 15 June 2024 21,860 12,000 Fund balances at 14 June 2025 5,209 19,949 |
Total Unrestricted Restricted Total funds funds 2025 2024 2024 2024 As restated As restated £ £ £ £ 87,187 34,539 12,000 46,539 591 - - - - 991 - 991 87,778 35,530 12,000 47,530 96,480 18,686 - 18,686 96,480 18,686 - 18,686 (8,702) 16,844 12,000 28,844 - - - - (8,702) 16,844 12,000 28,844 33,860 5,016 - 5,016 25,158 21,860 12,000 33,860 |
Total Unrestricted Restricted Total funds funds 2025 2024 2024 2024 As restated As restated £ £ £ £ 87,187 34,539 12,000 46,539 591 - - - - 991 - 991 87,778 35,530 12,000 47,530 96,480 18,686 - 18,686 96,480 18,686 - 18,686 (8,702) 16,844 12,000 28,844 - - - - (8,702) 16,844 12,000 28,844 33,860 5,016 - 5,016 25,158 21,860 12,000 33,860 |
|---|---|---|
| 47,530 18,686 |
||
| 18,686 | ||
| 28,844 - |
||
| 28,844 5,016 |
||
| 33,860 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND BALANCE SHEET
AS AT 14 JUNE 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| as restated | |||||||
| Notes | £ | £ | £ | £ | |||
| Fixed assets | |||||||
| Tangible assets | 10 | 10,853 | 3,810 | ||||
| Current assets | |||||||
| Debtors | 11 | 551 | - | ||||
| Cash at bank and in hand | 51,199 | 30,481 | |||||
| 51,750 | 30,481 | ||||||
| Creditors: amounts falling due within | 12 | ||||||
| one year | (37,445) | (431) | |||||
| Net current assets | 14,305 | 30,050 | |||||
| Total assets less current liabilities | 25,158 | 33,860 | |||||
| The funds of the charity | |||||||
| Restricted income funds | 15 | 19,949 | 12,000 | ||||
| Unrestricted funds | 16 | 5,209 | 21,860 | ||||
| 25,158 | 33,860 |
The financial statements were approved by the trustees on ......................... any Srv,
09-03-26
.............................. G Stevenson Trustee
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 14 JUNE 2025
1 Accounting policies
Charity information
Poverty Intervention Charity Transforming Scotland is a SCIO. The registered office is Unit 12, Thistle Innovation Park, Church Street, Cowdenbeath, KY4 8LP.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the next 12 months. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
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 or grantors 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.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 14 JUNE 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 20% Straightline Fixtures and fittings 20% Straightline Computers 20% Straightline
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its 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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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 14 JUNE 2025
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, 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 the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans 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. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Income from donations and legacies
| Unrestricted Restricted funds funds 2025 2025 £ £ Donations and gifts 6,172 4,332 Grants 6,082 70,601 12,254 74,933 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 10,504 29,313 - 76,683 5,226 12,000 87,187 34,539 12,000 |
Total 2024 £ 29,313 17,226 |
|---|---|---|
| 46,539 |
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 14 JUNE 2025
| 2 Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 £ £ Grants The Robertson Trust 500 2,000 Places for People - 4,190 Fife Council 3,000 22,216 Fourwinds Orchard - 2,000 Logie Farm 332 - Asda Foundation - 3,000 National Lottery - 34,640 Gogar Services Limited - 2,555 Veterans - - Charities Trust 1,000 - Shell 1,250 - Colin Weir Foundation - - 6,082 70,601 3 Income from charitable activities Fundraising income 4 Other income Other income |
Total Unrestricted Restricted Total funds funds 2025 2024 2024 2024 £ £ £ £ (Continued) 2,500 - - - 4,190 - - - 25,216 3,960 - 3,960 2,000 - - - 332 - - - 3,000 - - - 34,640 - - - 2,555 - - - - 1,266 - 1,266 1,000 - - - 1,250 - - - - - 12,000 12,000 76,683 5,226 12,000 17,226 Unrestricted Unrestricted funds funds 2025 2024 £ £ 591 - Unrestricted Unrestricted funds funds 2025 2024 £ £ - 991 |
|---|---|
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 14 JUNE 2025
5 Expenditure on charitable activities
| Direct costs Salaries Depreciation and impairment Insurance Premises costs Travel Administration Marketing Equipment Direct costs Staff costs Share of support and governance costs (see note 6) Governance Analysis by fund Unrestricted funds Restricted funds 6 Governance costs allocated to activities Independent examination |
2025 £ 33,169 1,326 610 29,721 55 1,634 - 2,758 25,261 731 95,265 1,215 96,480 28,343 68,137 96,480 2025 £ 1,215 |
2024 £ - - 635 5,540 65 386 514 - 10,830 442 |
|---|---|---|
| 18,412 274 |
||
| 18,686 | ||
| 18,686 - |
||
| 18,686 | ||
| 2024 £ 274 |
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 |
|---|---|
| Number | Number |
| 2 | - |
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 14 JUNE 2025
| 8 Employees Employment costs Wages and salaries Other pension costs |
(Continued) 2025 2024 £ £ 32,692 - 477 - 33,169 - |
(Continued) 2025 2024 £ £ 32,692 - 477 - 33,169 - |
|---|---|---|
| - |
There were no employees whose annual remuneration was more than £60,000.
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Tangible fixed assets
| 10 Tangible fixed assets |
|
|---|---|
| Plant and equipment Fixtures and fittings Computers £ £ £ Cost At 15 June 2024 500 2,668 642 Additions 2,098 6,270 - At 14 June 2025 2,598 8,938 642 Depreciation and impairment Depreciation charged in the year 240 957 128 At 14 June 2025 240 957 128 Carrying amount At 14 June 2025 2,358 7,981 514 At 14 June 2024 500 2,668 642 11 Debtors 2025 Amounts falling due within one year: £ Prepayments and accrued income 551 |
Total £ 3,810 8,368 |
| 12,178 | |
| 1,325 | |
| 1,325 | |
| 10,853 | |
| 3,810 | |
| 2024 £ - |
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 14 JUNE 2025
12 Creditors: amounts falling due within one year
| Notes Other taxation and social security Deferred income 13 Trade creditors Other creditors Accruals Deferred income Other deferred income |
2025 £ 182 35,000 302 1,001 960 37,445 2025 £ 35,000 |
2024 £ - - 431 - - |
|---|---|---|
| 431 | ||
| 2024 £ - |
13 Deferred income
During the year, the charity received a grant of £35,000 (2024: £nil) from the Colin Weir Charitable Trust as funding to cover staff salaries from July 2025 to June 2026.
| Deferred income is included within: Current liabilities Movements in the year: Deferred income at 15 June 2024 Resources deferred in the year Deferred income at 14 June 2025 14 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2025 £ 35,000 - 35,000 35,000 2025 £ 477 |
2024 £ - |
|---|---|---|
| - - |
||
| - | ||
| 2024 £ - |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 14 JUNE 2025
15 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 15 June | Incoming | Resources | Transfers | At 14 June | |
|---|---|---|---|---|---|
| 2024 | resources | expended | 2025 | ||
| £ | £ | £ | £ | £ | |
| Care Packs Scotland | - | 7,077 | (5,343) | - | 1,734 |
| Food Spend - Fife Council | - | 7,248 | (7,330) | 82 | - |
| Templar Tots Care Packs | - | 3,000 | (1,805) | - | 1,195 |
| Orchard Drawdowns | - | 14,968 | (16,039) | 1,071 | - |
| National Lottery | - | 34,640 | (33,225) | - | 1,415 |
| Robertson Trust | - | 2,000 | (300) | - | 1,700 |
| Fourwinds Orchard | - | 2,000 | (19) | - | 1,981 |
| Veterans Care Packs | - | 1,000 | (398) | - | 602 |
| Colin Weir Charitable Trust | 12,000 | - | (3,628) | - | 8,372 |
| ASDA Community Grant | - | 3,000 | (50) | - | 2,950 |
| 12,000 | 74,933 | (68,137) | 1,153 | 19,949 | |
| Previous year: | At 15 June | Incoming | Resources | Transfers | At 14 June |
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| Colin Weir Charitable Trust | - | 12,000 | - | - | 12,000 |
Care Packs Scotland - funding to supply care packs.
Food Spend - CW - funding to support food spend.
Food Spend - Fife Council - funding to support food spend.
Templar Tots Care Packs - funding to supply care packs.
Orchard Drawdowns - funding to support Orchard expenses.
National Lottery - funding to cover salaries, first aid and games. Robertson Trust - funding for purchase of freezers.
Fairwinds - funding for purchase of Orchard hawthorns.
Veterans Event - funding to support cost of food for veterans event.
Veterans Care Packs - funding to supply care packs and selection boxes to veterans.
Colin Weir Charitable Trust - funding to support food expenditure.
ASDA Community Grant - funding to pay for Orchard picnic tables.
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POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 14 JUNE 2025
16 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 15 June | At 15 June | Incoming | Resources | Transfers | At 14 June | |
|---|---|---|---|---|---|---|
| 2024 | resources | expended | 2025 | |||
| £ | £ | £ | £ | £ | ||
| General funds | 21,860 | 12,845 | (28,343) | (1,153) | 5,209 | |
| Previous year: | At 15 June | Incoming | Resources | Transfers | At 14 June | |
| 2023 | resources | expended | 2024 | |||
| £ | £ | £ | £ | £ | ||
| General funds | 5,016 | 35,530 | (18,686) | - | 21,860 | |
| Analysis of net assets between | funds | |||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2025 | 2025 | 2025 | ||||
| £ | £ | £ | ||||
| At 14 June 2025: | ||||||
| Tangible assets | 4,245 | 6,608 | 10,853 | |||
| Current assets/(liabilities) | 964 | 13,341 | 14,305 | |||
| 5,209 | 19,949 | 25,158 | ||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2024 | 2024 | 2024 | ||||
| £ | £ | £ | ||||
| At 14 June 2024: | ||||||
| Tangible assets | 3,810 | - | 3,810 | |||
| Current assets/(liabilities) | 18,050 | 12,000 | 30,050 | |||
| 21,860 | 12,000 | 33,860 |
17 Analysis of net assets between funds
18 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
- 22 -
POVERTY INTERVENTION CHARITY TRANSFORMING SCOTLAND FORMERLY KNIGHTS TEMPLAR GOODWILL CHARITY OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 14 JUNE 2025
19 Prior period adjustment
Changes to the balance sheet
| Changes to the balance sheet | |||
|---|---|---|---|
| At 14 June 2024 | |||
| As previously | Adjustment | As restated | |
| reported | |||
| £ | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 30,481 | (4,164) | 34,645 |
| Capital funds | |||
| Income funds | |||
| Restricted funds | 12,000 | - | 12,000 |
| Unrestricted funds | 26,024 | (4,164) | 21,860 |
| Total equity | 38,024 | (4,164) | 33,860 |
| Changes to the profit and loss account | |||
| Period ended 14 June | 2024 | ||
| As previously | Adjustment | As restated | |
| reported | |||
| £ | £ | £ | |
| Donations and legacies | 50,703 | (4,164) | 46,539 |
| Charitable activities | 22,065 | (3,379) | 18,686 |
| Net movement in funds | 29,629 | (785) | 28,844 |
During the year, the charity moved to accruals reporting, therefore requiring the prior year to be restated. Any movement in creditors and debtors has been brought into the profit and loss.
Further, it was established that the bank balance at 14 June 2024 was misstated, and was therefore affecting the 14 June 2025 balance. This has been adjusted and the balance is now correct in both 14 June 2024 and 14 June 2025.
- 23 -