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2026-03-31-accounts

Culross Stables Community Hub

Annual Report & Financial Statements

For the year ended 31 March 2026

Trustees Annual Report

For the year ended 31 March 2026

CONTENTS
Trustees’ Report 2 – 6
Independent Examiner’s Report 7
Statement of Receipts & Payments 8
Statement of Balances 9
Notes to the Financial Statements 10 – 12

1

Trustees Annual Report For the year ended 31 March 2026

The Trustees present their report and financial statements together with the independent examiners report for the year ended 31 March 2026.

Reference and Administrative Details

Charity Name Culross Stables Community Hub
Charity Number SC052019
Principal Address 4 Balgownie West
Culross
KY12 8JL
Current Trustees M McNair Chair
C Short Secretary
R MacKenzie Treasurer
N Sharp Appointed on 21stNovember, 2025
E Watt Resigned on 11thNovember, 2025
Bank Bank of Scotland
Direct Business Bank
PO Box 1000
BX2 1LB
Independent Examiner Jane Murie
Senior Development Worker
6 Dunimarle Street
High Valleyfield
KY12 8RY

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Trustees Annual Report For the year ended 31 March 2026

Structure, Governance and Management

Governing Document

Culross Stables Community Hub was registered as a Scottish Charitable Incorporated Organisation [tier one] on the 20[th] September 2022 and is governed by its constitution effective from that date and registered solely with OSCR.

Appointment of Trustees

One third of the Trustees retire at each annual general meeting but are eligible for re-election. The Trustees may appoint additional Trustees at any time. The constitution provides for a minimum of four and a maximum of seven Trustees.

Organisational Structure

The Trustees are responsible for the overall management of the charity and for the day to day management of Culross Stables.

Objects and Activities

The purposes of Culross Stables Community Hub is the provision of recreational facilities, or the

organisation of recreational activities and the advancement of citizenship or community development. In further of these:

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Trustees Annual Report For the year ended 31 March 2026

Achievements and Performance

Culross Stables Community Hub was established to purchase and manage the Culross Stables building as a community building on behalf of the residents of The Royal Burgh of Culross.

Over the last 12 months Culross Stables Community Hub has reached the final stages of it’s complete refurbishment with the old slate roof being replaced and the courtyard surface replaced with new tarmac and the drainage improved. We have purchased two extra large commercial gazebos to cover the outdoor area and included proper anchor points in the new surface, enabling us to leave them up in all but the strongest winds or alternatively erect & dismantle them swiftly, thanks to the smooth running surface. We have also purchased new gas heater to heat the tents, providing sufficient warmth for us to host the Senior’s Christmas dinner in the tents - a larger space than the meeting room inside, accommodating 70 people with ease. The final large purchase was a new coffee machine for the outdoor kitchen, providing another space to cater on our Community Crust Friday’s when every seat in the building and outdoors is full.

Indoors we have purchased 70 new comfortable chairs (our previous ones were old exam chairs with splayed legs which caused a trip hazard) along with 10 new tables to increase our indoor capacity to 70.

Our bakery continues to go from strength to strength and we have recruited additional volunteers to learn how to bake and serve each Friday at the Community Crust & Bakery - this brings our volunteer total to 20 and all have been supported to complete their Food Safety Level 2 modules. Each week the bakery shop sells a range of breads - plain loaf, seeded loaf, ciabatta, scones, rolls & focaccia, along with a selection of cakes - all of which sell out in less than a couple of hours with the funds raised being used to continue to improve our building, environs and activities on offer.

We have supplied bread to other community groups including High Valleyfield Community Centre, Cairneyhill Church and Homeless Project Scotland.

We have hosted many events for the community including Gala Christmas Party, Halloween Party and events throughout the year; pizza nights for the community; monthly ceilidh’s; parties & weddings. The Beavers/ Cubs/ Explorers regularly use the facilities for a range of activities including learning how to make pizza, bread and barista training.

Our weekly offering continues to be well supported with the Senior’s & Carer’s groups now meeting three times each week; and health & fitness classes activities on offer every day of the week, including chair yoga, fitness, mindfulness, pilates, Qigong and yoga. The library book-swap is very popular and the battery recycling is well used.

Various groups use the facilities on a monthly basis including Low Valleyfield Community Council Meetings, Tuesday Group, Councillor & MP Surgery’s and we have hosted a number of one-off events for example, Climate Change Meeting and hosting a film company crew.

We have two regular pop-up offerings with Stickman serving Tacos each weekend and Doggie Delicacies offering a coffee & cake for local dog walkers to get together.

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Trustees Annual Report For the year ended 31 March 2026

All of this has been possible thanks to the energy and commitment from our Trustees; our staff; the support of the local community and our volunteers; and funding provide by Fife Council Common Good Fund, Fife Environment Trust, Fife Council £2/£1, Fife Council Winter Warmer, Fife Council Local Community Planning Budget - our thanks to all of our funders [for details of funding please see Note 7 on page 11] - we are very appreciative of this support.

Financial Review

Overview

Our principal sources of income for the year is income from activities at the Culross Stables, donations and grants towards the refurbishment and improvement of the Culross Stables building.

A summary of receipts and payments is shown in the following table:

Unrestricted Restricted Total to
31/3/25		 Total to
31/3/25
£ £ £ £
Receipts 47,618 50,186 97,804 43,549
Payments 51,009 65,903 116,912 57,194
Net Movement in Funds (3,391) (15,717) (19,108) (13,646)

Donated Services and Facilities

Culross Stables Community Hub is very grateful for the support of volunteers in the community without whose commitment, energy and support, the various projects could not be undertaken.

Reserves Policy

Owing to very limited resources, the charity only undertakes capital activities as and when funds become available. It is the Trustees’ policy, at this time, to maintain a reserve of three months running costs of the charity.

Reserves at the year-end were £8,688 which is above the minimum level set by the Trustees. In addition, restricted funds held for the future development of the Culross Stables building and other restricted activities at the year-end were £7,623.

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Trustees Annual Report For the year ended 31 March 2026 F￿￿re Plans Our plans for 2026127 include.. continue to promote Culross Stables as a communty hub for local people to enj(ty activities tailored to their needs and to further expand the range of activities- continue with our weekly'communty Crust. projects.. expand production from our Comwnunity Bakery,. h05t the village Christmas lunth for senior5.' redecorate the buildin& replace the stairlift- lay safety flooring in both stairwells,. improve the outdoor kitchen area; improve the pop-up bar area,. improve the allotment,. continue to be the'local place for lo(31 people,. Approval This report was approved by the Trustees on May 2026 and signed on their behalf by: Martin Md4air chair

INDEPENDEKf EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2026 to I report on the accounts of the charity for the year ending 31 March 2026. Res rtlve Re sl Illtle5 0 rustees and Exarnlner The charivs trustees are responsible for the preparation of the accounts in accordance wrth the terms of the Charities and Trustee Investment (Scotlandl Act 2c(151"the 2005 Act") and the Charities Accovnts1Scotlandl Regulations 2￿6 las amended) 1.the 2006 Regulations"). The Trustees cix)sider that the audtt requirement of regulation1101111 (dl of the 2(Ki6 Regulati(ms do not applv. It is my responsibility to examine the accounts under se¢tion1441111 {cl of the 2￿5 Act and to state whether particular matters have come to my attention. Basls of Inde ndenl Exarnln rfs Staterne My examination is carried out in accordance with Regulatlon 11 of the 2￿6 Regulations. An eyaml- nation includes a review of the accounting records kept by the charity and a comparison of the ac- counts presented with those records. It also includes consideration of any unusual Items or disclo- sure in the account5, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audrt. and con- Sequent￿ I do not express an audit opinion on the vlews Oven by the accourrts. ndent mlnerfs d State In connection wlth my examlnatlon, no matter came to my attention: which gives me reasonable Cause to believe that In any material respert, the requlremenls to keep accounting records In accordance wlth section1441111 (al of the Act 2005 and Regulation 4 of the 2(KJ6 Regulations. and to prepare accounts whith accord with the accountin8 records and comply viith Regulation 9 of the 2006 Regulations have not been met, or 2. to whith, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Jane rie, Senior Development Worker. 6 Dunimade Street, High Valleffield. KY12 8RY Ap ril 2026

STATEMENT OF RECEIPTS & PAYMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Receipts
Donations
Grants
Trading
Property Rent
Fund Raising
Bank Interest
TOTAL INCOME
Payments
Charitable Activities
Cleaning
Heating & Lighting
Insurance
Internet & TV Licence
Professional Fees & Bank Charges
Provisions
Renovations
Repairs & Maintenance
Salaries
Sundries
Governance Costs
Independent Examiner
Purchase of Fixed Assets
TOTAL EXPENDITURE
SURPLUS/ (DEFICIT) FOR THE YEAR		 Unrestricted
Funds
6,480
4,345
12,992
23,373
428		 Unrestricted
Funds
6,480
4,345
12,992
23,373
428		 Restricted
Funds
-
50,186
-
-
-		 Restricted
Funds
-
50,186
-
-
-		 Total
Year to
31 March 2026
6,480
54,531
12,992
23,373
428
97,804
1,260
5,770
1,902
555
815
18,768
59,340
4,323
12,628
1,600
100
107,062
9,850
116,912
(19,108)		 Total
Year to
31 March 2025
6,482
5,217
18,468
12,420
963
47,618 50,186 43,549
1,260
5,770
1,902
555
815
13,798
17,578
2,900
-
952
100		 -
-
-
-
-
4,971
41,762
1,423
12,628
648
-		 1,194
3,942
2,060
525
569
9,387
16,069
4,720
12,972
742
100
45,630
5,379		 61,432
4,471		 52,278
4,916
51,009 65,903 57,194
(3,391) (15,717) (13,646)

The Notes on pages 10 to 12 form an integral part of these accounts.

8

STATwENT<￿BAlA￿CEs A5AT31 MARCH 2026 B￿ancea$at 31 March 2025 Surplu5llDeficitlfoT theyear alanceasat 31 March 2026 12.079 13.391 8,688 23.340 115,717 7,623 35.419 19.108 16.311 49,065 13.646 35,419 Cath at 8ank 8.688 7.623 16.311 35.419 "Culr0$5Stable< Building trrustee< Valuatlonl "Culr05sStable¢ Content5(Trustttg Valuatlonl Debtor5 300.fA)0 300.000 60.000 369 360,369 255.000 55.000 162 310.162 60.000 369 60,369 000 CT&lltors 529 The Notes on pages 10 10 12 form an Integral part of these accounts. These accounts were approved by the Trustees on May 2026 and signed on thelr behalf by.. M•rtln McN•lr Chalr

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

1. Basis of Preparation

These accounts have been prepared on the receipts and payment basis in accordance with:

2.

Fund Accounting

3.

Taxation

4. Trustee Remuneration

No remuneration was paid to the Trustees during the year or in the previous year.

5. Trustee Expenses

No expenses were reimbursed to the Trustees during the year or in the previous year.

6. Transactions with Related Parties

There were no transactions with related parties during the year or in the previous year.

10

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. Movements in Funds

Movements in Funds

Unrestricted Funds
General Fund
Restricted Funds
Crowdfund
FC £2/£1
FC Carers' Fund
FC Climate Action
FC Common Good
FC Community Recovery
FC LCPB
FC Winter Warmer
Fife Environment Trust
Scotland the Bread
Total Funds		 As at
31 March 2025
12,079		 Receipts
47,618		 Payments
(45,630)		 Capital
Expenditure
(5,379)		 As at
31 March 2026
8,688
12,079 47,618 (45,630) (5,379) 8,688
1,591
-
4,244
264
-
16,641
-
-
-
600		 -
780
-
-
10,000
-
4,500
4,999
29,907
-		 (1,591)
(780)
(4,244)
(264)
(10,000)
(13,242)
(29)
(1,375)
(29,907)
-		 -
-
-
-
-
-
(4,471)
-
-
-		 -
-
-
-
-
3,399
-
3,624
-
600
23,340 50,186 (61,432) (4,471) 7,623
35,419 97,804 (107,062) (9,850) 16,311

8. Purpose of Funds

Unrestricted Funds

General Fund:

Unrestricted funds that can be expended at the discretion of the Trustees in furtherance of the objects of the Charity.

Restricted Funds

Crowdfund:

Fife Council £2/ £1:

Fife Council Carers Fund:

Restricted grant funding received from the residents of Culross towards the cost of upgrading the facilities at Culross Stables.

Restricted grant funding received from Fife Council towards the cost of repairs to the entrance wall.

Restricted grant funding received from Fife Carers Community Chest towards the cost of running warm spaces for carers at Culross Stables.

11

Fife Council Climate Action: Restricted grant funding received from Fife Communities Climate Action Network towards the cost of building fruit & vegetable raised beds at Culross Stables. Fife Council Common Good: Restricted grant funding received from Fife Council towards the cost of replacing the slate roof. Fife Council Community Recovery: Restricted grant funding received from Fife Council towards the cost of staff for the Community Bakery and warm spaces at Culross Stables and purchase of bakery equipment. Fife Council Local Community Restricted grant funding received from Fife Council Planning Budget: towards the cost of 10 tables and 70 chairs. Fife Council Winter Warmer: Restricted grant funding received from Fife Council towards the provision of a community brunch and warm space. Fife Environment Trust: Restricted grant funding received from Fife Environment Trust towards the cost of replacing the slate roof. Scotland the Bread: Restricted grant funding received from Fife Council towards the cost of running bread making sessions at Culross Stables.

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