AN(:I".&i Rl"RAI. PARTNF.R.4iHIP SLc)Ilish CharilablL' InLorwrali'd Organi5ali()n Scotlish Charily Number SCO52069 REPUR'I. I'HE 'I'IILS'I'LES .1) U.NALDI'I'ED b'lNANLIAL S'I'A'I'ENIEN'I'S 'OR'l'Hb YEAR bNI)LD 31 MARCH 2025 Angus Rural Partnership supporting vibrank sustainabh communitiqs
.4INGLS RLRAL PARTIERSHIP YEAR EJDF.D 31 IM.4RCH 2025 Page Report of ihe Trustees Report of the Independent Examiner Statement of F'inancial Activitics (incorporating the Income and Expendilure Account) F3alance Sheel Notes tc) thc F'inancial Statements 9- 13
Angus Rural Partnership Trustees, Annual Report and Accounts for the Trear ended 31 March 2025 Scottish Charity" Number SCOi2069 The trustees present their annual report and financial statements ol the charitN' t.or the }'ear ended 31 March 2025. The financial statements hai'e been prepared in accordance 'ith the accounting policies set out in note I to the accounts and compli. wilh the requirements lor a directors, report and accounts for Companies Act purposes, the Articles of Association of the companj, and Accounting and Reporting bv Charities.. Statemenl ot. Recommended Practice applicable to charities preparing their accounts in accordance iliih ihe Financial Reporting Standard applicable in the LK Kcpublic of I[eld (FRS I O?) (effeciii'e l Jdnum 2015) - (Charities S()RP (FRS 102)), the I. inancial Reporting Standard applicable in the L K and Republic ol Ireland (E.'RS 102) and the Companies Act 2006. ARP is registered with the Otfice of the Scottish Charilies Regulator (OSCR) as a Scottish Charitable Incorpurdted orgi]satIOn (SC'IO), ch11). number SC'052069. It w'as registered as a charit), on 17 Oclobcr 2022 and is a single licr SCIO, meaning ihe Trustces are thc Members of the orglsaI10n. Charitable purposes Angus Rural Partnership (ARP) m.as established in October ?022 1th the oi'erarching aim of crcdting more prosperous and more resilient Cotnrnunities which are better places in w'hich to liie and work across Angus. Our organisalion is a partnership of local communii!,, priN"ale and public seclor representatives. Through a series of partnership w'orking, ARP acts as a champion for rural edS by.. providing grants or oihcr forms of assislance. financial or oiheri%"ise. to orgJanisationslindividuals thal undertake aclii'ities. w'hich rther the aboi'e aims: promoting kno.ledge transfer sharing besi practice in the delii'ery of sustainable rural devcl()pmcnt projecls locall)., regionall}-. nationall). and inlernationally- encouraging ef"fectil'C Pdrtnership iiorking: otfering neiw'orkingF OPPC)rtuniiies (linkingF local communil}', Statutory and prii'ate organisations) to engage in actii'ities 'hICh V¥ill adi'ance representaliN'e and participatory democrdcv" adi,cIng nal economies b)" creating opportunities for local people to access local vocational skills, encourage business start-up and associated job creation and groth, and, promoling inclusion, equaliiy and dii'ersiti:. Activities and achievements Since its inception, ARP has enabled and cmpowered community, organisalions to take the Icad on iheir ow'n local dei'elopment. 'ith funding from ihc Scottish Goi'ernment's Rural Community,_Led Local Del'elopmenl (CLLD) Fund. part of the Scottish Rurdl DeN'elopment Programme. ARP adminislers the Angus Community-Led Vision Fund (AC'I.VI.").
Angus Rural Partnership Trustees, Aunual Report and Accounts for the year ended 31 .Vlarch 2025 (continued) ALtivities and achievements (Lont.) Fri)m l April 2024 to 31 March 2025: ARP spent £245.779.62 01" the £306,016.90 dlloLdlion from SLottish GoN'ernment. The £60,237.28 undcrspend H'as due to the late confirn]alion of ihc full annual allocation, combined M"ith the short amount oltime aNailable to spend the full amount. During 2024-2025, ARP.. distributed £151.901.13 across 13 community-led projects, contributed to 2 Angus Council led piojecis (Community" Resilience Roadsho, 2025 and Social Media Fundamentals). 2iO households attended the Roadshow and 28 commwiity organisations attended the social media 'OrkShOp, commissioned a series of project v'ideos, comtnissioned The Glamis Consuliancy to undertake ei'aluation study of the imp<lLt of activities funded by ARP. The conLlusions Lonfirtncd that ARP is makinx a positivc dilference in administering and supporting community orEanisations/ micro businesses achieN'¢ kneficial results, commissioned Communili. Enterprise to undertake a structure and engagement stratekry to help intomi ihe tuiure ot"ARP. The results w.ill help infonn ihc futurc dcvclopmcnt I ARP Lind ho 'e enLJagye '1th, and represent. rural communitics, facilitated a Charit) "I"rustee Scrninar in September 2024 at "hICh 35 Lommunily rcprescntatives allcndcd and w.cre proi'ided "Ith practical gUidCe and an insight into N'arious hands-on aspects of their role. actions and Icgal responsibilities, participated in the CommunilTr' Dei"elopment Pro¥ramme of Suppori conference in October 2024. The purpose of th¢ dal" li.as to inforni, inspire, &nd support community groups across Angus ii.hich aspire to delii'er communitN-led projects: plaj'ed an actiK'e role throughout the l.ear in inforn]ing and influencing development of CLLD at a national leN'el bi. participating in Local Aclion Group (LAG) Chairs and Co-ordinator's meetings. applied for additional 'CommunilN Benefil funding from a major energy supplier but 'as unsuccessful. held discussions th'ith The National LotteTr on potenlial communily projects. An independent report by Rose Regeneration has shoii'n that our social return on investment (SROI) for 2024-2025 £5.00 per £1.00 ini"ested - this compares to £3.66 for all Scottish projects tunded by the Scottish Goi'emment's Rural Conllnwiiti'_Led local D¢velopment (CLLD) Fund 2024-2025, part of the Scottish Rural D¢i'elopment Programme. The 17 projects analysed using the Social Value Engine: generated a total social impact ol £1,184,105 from an inN'estment of £242,347. The secretariat continues to be proi'ided b), Scott Pelrie: our CEO. Throughout 2024-2025, ARP continued to build positive -OrkIng relationships with key stakeholders aLross Angus and M"ider. Collaboration and nctii"orking 111 be a kcy area of activity durinR 2025-2026. Recruitment and appointment of Trustees All of the Committee's Trustees N"ere appointed at th¢ 2024 Annual Members, Meeting. An annual mcmbers, mceling musi be held at Icast once efverv filteen months.
..Ingu% RurAI Parlnirihip Tru5tL'I'S' .4nnual KL'porl and ALLounts for tht. ) L'ar endi'd 31 llarLh 2025 (continuL'd) CNoTrerning docunjent ,Akngus Rural Partncr%hip is a Scoltish Chariiablc Incorpc)ralLd Orgianisation and thc purpusLS (md (idministratiiill (WtiingJcminl5 <WL SLI out in ihL con%lilutiun. Angjus Rural Pilrtn¢rship also c)p¢ral¢s b) iti uii'n (IDPR and Nvn-DisLrirnination Po)IiLi¢5. Kcference and AdministratiTre Inforniation Charit): namc.. Angius Rural Partnership L'hariLI' Tigiislrdlion nunilk'r SL'043259 ("0mpnN Tegi.stralinn niimbe %('1116i. Independent F,xaminer Irkn IllL .4dainsc)n C hartered .4ccountanlS 7 St Malcolm's Il')'nd Kirriemuir DD84EI Ilankcrs Rov.Il B.Ink of Scorland ()£ l-.asi I ligh SiiL¥I F(Ir(ar DD8 2EP
..Ingu*• Rural Parlnir%hip TrustLL'S' .-Innual RLport and AILounts fur thi. I'l'ar i'ndi'd 31 illarLh 2025 (continuL'd) Responsibilities of Trustees '1 he .1 ruitecs arc responsible for prcparing thc I rustccs, Report and the tinancial statements In accordancc '1th applicable lam. and lJnitcd Kingdom .4ccounling Standards (I,nilcd Kingdom Cvcncrallv Acccptcd .4ccoiiniino Practicel. Cornpan lam. requires the trusiees to prepare tinancial slalemenis tor each financial year .hich give a true and lair view of the state of alfairs of ihe charitable Lompany (If ihe incominLi rcsources and application of resources, including the income and expcnditure, of the ch.1rit1blc cotnp.In!- for th.It pcriod. In prcp1ring Ihcsc fin1nci.I1 .stalcmcnts. thc tni.stcc.5 .1rc riLlili fid t()-. SL ILLI suilabli a¢i(iunling EX)IiLiL5 IliLI) apply ihLin Lc)nsi.%lLnily- i)bsL'fi'L IIIL Illc Llic)d5 aiid prinLipILs iii iFIL C'hl[ll5 SURE): make judg)einenls and eslimates Lhat <e reonable and prudent. stale M heiher applicable accounting? SIdardS hdl'e been lolloived. subjLLt lo anTr' malerial departurcs discloscd and cxplaincd in ihc tinancial slalements: prepare the financial statcmcnts on the gioingj concern basis unless it is inappropriate to presume ihat the charitable companv will continue in business. 'Ihe trustL¢S ar¢ responsible t-or kcLping prop¢r accounting r¢cords ii'hich disclose 1th reasonable accurac}, at an!. time the tinancial position of the charitN' to enable them ti) ensure thAI the tinanciAI .£t2ternenls Compl '1(h the Ch2ri1ies and Tni8tee Inbestmenl (Scoiland) Act ?{)Oi 'in(I thc Ch2riti1s .4LLoiini.s (%coilind) Kcgulalions ?nn6 (&$ amcndcd). l-hLV 1rc .21s0 rL%E)i)IINjI)IL fiji saflbl Ll'iid iiig illi l5 ()r iliL iliaril! aiid IILIILL fill liikiiibl [L&%()iiJblL sILI)s fc)r IIIL pfL'Ll]I1()I1 aiid dLIL¥ Lii)[l i)1 Iraud }d utliLr irrLgi ul]11L5. Approicd by ihe trusLees on ?7 NovLmber 202) sibined on their behalf b).
IlldcpcndcDI F.xAmiDI'r's RL'pi)rt lo thi. ADgu5 Rural PartnL'r%hip I rLpun i)n ihL aLLI)urits ot" thL Lharil!. lor ihL LridLd J l mCh 1075 'hIch sel uul on pages 6 10 13. Respeclive responsibilities of trustees and examinder The charit!"'s trustces are rcsporLsible for ihe preparalion of the accounts in accordance 'iih ihc Icrms ot" thc c.harities and "frustee InNeslment (Scotland) Aci 2005 and the Charilies Accoiinls (Scotland) Rcgulaiions 2006 (as amended). The charily Iru4tees consider ihal the audit Tequiremenls of Regulation l O( l ) (al to (c) of the Accc)unt5 Regulalions and Part 16 of thc Companies .4ci 2006 do not apply. It is MN" responsibility to examine ihe accounts ,1$ TCqLiircd iindcr scction 44(1) (cl nf'thc .4cl .1nd to st.Itc M-hcihcr particillar mi2rtcrs Ba4i.s 1)f independent examiner's slalL'mcnt N IJ Lxaniinalion ib LriLd oul iii aLiurJaiiLL ith IIL Lluldlioii I l ul d)L L'hariliL5 ALLUUlIt5 (scotl<a) RLgulalions IU06 (as aiiiLndLd). Ali L.1nd[lon includL'5 a rLI'iLlI' Ot" IhL' LuUnlIn TeLiirds kept bj. the Lh<ill. and a comparison ot. thL acLounls pfcs¢ntcd with ihosc records. li <ilso includes consideralion ol" an). unusual iletns or disclosurcs in th¢ accounls and sc¥ks cxplanations Irom Ihe truslces conc¢rning an): such rnattcrs. "fhe procedurcs und¢rtakcn do not proN ide all thL ewidence that M"()uld be rLquired in an audit and consequentlv I do not cxprcss an audit opinion on the 74]e. gi.en bj¥. Ihe dCLounls. Indcpendent examiner's statement In thc course ot" m!. cxamination, no marter has come lo m J attention I"Iiiili jl'LS IIIL fL'lSI)iiablL LallNL Ic) bL'I iLI"L Ilial in dll) Iii'iliri<il IL %i)Li i Il)L ILcIIIIILIIIL"IiI.%- l(I kL V&) aiLIIULiliiibp rLiords iii allordl(L Ii'iilI SLLli(11144(1) (a) {)[ Il)L 7005 All RLgulali()n 4 IhL 2006 .ILIou1115 RLiiulations ]d lo pr¢"PL aLLounts M'IIiLh a¢Lurd w iih diL aLLounling reLC)rds ld Lumpl!. 1th RLguldtion 8 OL. Ihe 2006 .4LLounis Regiulations haie not been met. ur 2. 10 w'hich. in opinion. attention should be dram'n in ordcr to enabl¢ a proper undcrstanding of Ihe accounls la he reached. L'lidrlLrLJ ALL0unl1[s 7 Si Maliolm's 1l')nd kirrieriiuir Ilngu5 DI)8 4HB ?7 November ?025
.4NGI"S RI'R..11. P.4RTNF.tLSHIP (INC'OiiPOR.4'1 ING I.N( O.IIE .4ND F.'.XPF.'NDI I I'RF-.4ffOI NTI fr OR"1 Hb.. I"Tr..4H tr'..N DLD JI 11.4HC"112025 Rural Cl.l.D Fund RuralC"I.I.D C.ollabordtion Fund Rur&l Rur21 ('Ll.D Collaboratio Tr'und 2024 'I'ot81 Fund5 2025 Fund 2024 Tr'und5 2024 Dte5 Income from.. Donations Charitablc aati'tiies 9iO 246.509 900 ?72.06J 900 393,313 246,509 121.250 otal inctsme 247.4J9 241.4.19 27? 963 121 ?50 394,213 -xpenditure on-. Ch41[table dCli¥'itics 250.753 250.75i 270.016 121,250 391.266 Total ¢xp¢nditur¢ 250.75) ?50.753 270.016 121,250 391.266 -Net in¢omellexpen(Jiturtl 13.314) 13.3141 2.947 2,947 ran5fer5 between funds .1 otal fund5 brought lorTrvard 2.947 2.947 Tntal fund5 earri¢d fornard l j671 1 ?67} 2.947 All incoin¢ aiid cxpenditu derikes frtmn Lontinuing 2ctii'ilie$ and is in respeci of unrestrictrd nd8_ The statement orrinancial 2clivilie5 includes all recognjsed gains and losses in the cuTreni and piioi year. I'he notcs on pagcs 9 to 12 form part of these flnancial sthiem¢nis_
ANCLS RIIRAL PARTNERSHIP BALANCF. SIIEET AS AT 31 lARc}I 2025 riote 2025 2024 CURRENT ASSETS Prepayments Cash at bank and on hand 529 60,295 62,294 60,824 62,294 CREDITORS: amounts falling due w'ithin ODe l'ear 12 61.191 59,347 NF.T CURRENT A.SSETS (367) 2.947 TOTAL A.S.SETS LESS CLRRENT LIABILITIES (367) 2,947 RE.SERVE FUNDS 13 LnrL'5trRited Rural Cl.l.D Fund (367) 2,947 The trustees statements required b}" Sections 47)(2) and (3) are sho on the following page w'hich tomis part ot.this Balance Sheet The notes on pages 9 to 13 form part of ihese financial siatemenls.
ANCI'S RI"IL.IL P.4RT)F.RSIIIP IIAL.4NC'Tr" %HTr"F"'f {cnnlinued) Trustees. statements required bi, Sections 475(2) and {3) for the year ended 31 l¥Irch 2025 In approving Ihcse tinancial statemcnts as trustecs of thc compan). we herebv contirm:_ (a) that fnr the perind gtated abnve the cnmp2n%' entitled ta the exemptinn cnnferred b). Seclion .177 (If thè C"otnTrqnieq .4ct 11)116- (b) IhJi 110 IiOLiLL has blin diposilld Jl tlil rL'gislLrLd orricL {)[ Il]L' L{Iinpaiiy pursuuiII Io SLiliOlI 4 7b rLqUi sling ihal an audit bl. L(!nduLtLd Ii)r IIIL )'l. LndL'd 31 f¥larLh ?112): and (L) Ih431 ll'e aLkn{7.1ede ()iir re%pnn%ihi litie% fnr-. ( l ) Lnsurinb iliai tliL i()iiipJni' kLLPS aLL()unlingi rLL()rd5 M IIILII L()ITip 1>. lili ScLtAI)n 386, (2) preparingl financial stiiiements which give a Irue and fair viev*' olthe slale ot-affairs of the company as at Ihe end of the financial year and of its surplus or deficil for the year then ended in accordance with the reqLJircments of Section 394 and 395 and w'hich Othenlse comply 'ith the provisions of thc Companics Act ?006 rclating to financial statemcnts. so far as 'Ii)pl ii-IblL li) IIIL LI) lJiP-Iiiy. 'l-hLSL JLiuullis L bLLI) prcparLd in LI)rdniC ii'iih iliL SPLLial provisions ol" l)art 15 01. thL Lompanies ALt )1)116 relating tu small Lompdnies. The finunci.11 slatement.s M'ere .Ipproved b). the trii.stees and authnrised for issue on ?7 November Jiid s.'1)Ilid ()11 Ils L'ilijifbi 'I'rcasur¢r Registration number SC052U69 The nDtes ()n pages g tn 13 form integral part of these finanrial staternent+b.
A)GLS RLTRAL PART)ERSHIP LIOTES TO THE FINANCIAL STATE.VIE)TS FOR THE YEAR ENDED 31 IIARCH 2025 ACCOLNTIYG POLICIES The principal accounting policies are sutntnarised belo.. The accounting policies have been applied consistently throughout ihe period_ The reportino Currenc is steiling. (a) Basis of Accounting The financial siatetnents have been prepared in accordance wilh Accouniing and Reporting by Charities.. Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reportirtg Sthndard applicable In the L,K and Republic of Ireland (FRS I O?) (effectivc l January, 2015) - (Charities SORP (FRS I O?)). Ihe Financial Reporting Siandard applicable in the UK and Republic of IrL.land (FRS 102) and ihe Companies Acl ?006. (b) Income recognition All income is recognisL.d oncc the chariiy has eniiilcmcnl lo the income, it is probablc that the income w'ill bc received and the amount of income reLeivable can be ffleasured reliably. Where appropriale, this is staled net of VAT. Donations and grants are recognised M-hen ihe charil!-. has been nolified in wriling of both the amouni and SLttlement date. In thc cvcnl that a donation or grant is subject to condilions ihat require a level of performancL bL.fore the charity is entiiled to the funds. Ihe income 15 deferred and noi recognised unlil Lither those condilions are fully met, or the fulfillmenl of ihose conditions is 'hOllY '11h]n the control of the charity and il is probablc that thosc conditions will be fulfilled in th¢ reporting period. Donated services or facililies are recognised as Income .hLn Ihe chariTh, has control OVLr thv ilem. any conditions associaled wilh the donated service5 or facililie5 have been met: the receipl of economic benefit from the use by thL' charitv of the services or faci lilic's is probable and that econotnic bc'nLfit can be measurLd reliably. On receipt, donaled services and facilities are recognised on the basis of the value of the gift to the charity which Is the amounl the charitN' '0ld have been w'illing to pay to obtain ihose services or facilities on the open market; a corresponding atnounl is (hen recognised in expendilure in the period of receipl. Interest on funds held on deposil is included 'hen recLivable and the amouni can be me<15ured reliably by the charit),; Ihis is normally on notificalion of interLSt paid or payable by ihe Bank. (c) Resources expended Expenditure is recognised onc¥ there is a legal or conslruclive obligation to make a payTnent to a third p(lrty, it is prubablL that seltlemenl th'ill bL fL"quifLd and ihe amouili of the obligation can be measurcd rcliably. All expenditure is accounted for on an accrua15 b35is. All expenditure including support C051S and governance costs are allocated or apportioned to Ihe applicable expenditure headings.
AGLIs RI,"IL4L PARTNF.RSHIP NOTF..S TO THF. FINA.NCIAL STATF.NIF..%TS Troll THb" Yb"AR E.NDb-D 31 MARCH 2U25 (d) Support and governance costs Support costs are those functions ihat assisl the 'ork of ihe charitN, bui do noi directl), undertake charitable actii'ities. S upport costs include back office costs. finance. personnel. pa)'rol l and goipernance costs which support charity activilies. These cosls have been allocaled to expenditure on charitable activities. These have been allocated on an activity basis &s agreed b). the trustees. (e) Fllnd accounting Unresiricted funds are ai'ailable to spend on activities that further an), of ihe purposes of the charil}'. Designated funds are unrestricted funds of the charit). w,hich the trustees hai'e decided at their discretion to set aside to use for a specific purpose. (Q Pensions 'I'lic charit}, opvratLS a definL.d contribution scheme in respect of the Chief Execulive 01-ficer. Contributions are included in M.'ag¥s and salaries in the Statemenl of Financial Activites. (g) Government Cvrants Government grants are recognised in ihe SiaiLmeni of Financial AciiiwitlLS in an appropriaL mannLr tliat matLhes thetn with the e.xpenditure io N4'hich iheN' ale iniended to contributL. CJrant.s foi immediate financial Support or to cover costs alrLad}- incurred are recognised immLdiatel)' in thL Statement of Financial Activities. Grants towards ggngral activities of the entit), over a specific period are recognised in the Siatement of Financial Actii'ities over ihat period. All grants in ihe staiement of Financial Activities are recognised when all conditions for receipi have been complied '1th. 10-
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ANGLS RI.-RAL PARTNF.RSHIP OTES TO THE FlJtlNCIAL STtlTENIF.NTS FOR THE YEklR ENDED 31 RcH 2025 6. STAFF COSTS "l-he total emolumenls paid to emplo}'ees during ihe period 'ere as follo.5- 2025 2024 Wages and salaries Social security costs other pension costs 40.080 4,276 2,?61 34,320 3,690 1,716 46,617 39,726 Thc averagc number olemplo)'ees during7 the period i¥.'as as follow.'s= 2025 2024 Managcmcnl 7. TRUSTEES, REMLNERATIO) & RELATED PARTY TRAIN'SACTIONS The trustees received no remuneration from the charit}, in this period. No expenses 'ere reimbursed to Irustees in this period. 8. NET INCOMEtEXPE]NDITLRE This is arrived at after charging.. 2025 2024 Independent Examiner's fees 1,560 1,500 9. CREDITORS: AMOLNTS FALLIING DL WITHI) 0E YEAR 2025 2024 Accruals 62,894 12-
ANGLS RLRAL PARTNERSHIP OTES TO THE FI.NANCIAL STATE,NIF.STS FOR THE IEAR E.NDED 31 NfjARCH 2025 10. MOVEMENTS IN FUIDS Rural CLLD Fund (I nrestricted) 2025 Total Funds 2024 Total Funds Balance at l April 2024 Net incomingl{outgoing) resources 2,947 (3,314) 2,947 (3,314) 2,947 Balance as at 3 l March 2025 (367) (367) 2,947 11. A)ALYSIS OF IET ASSETS AMONG FL:JDS Rural CLLD Fund Total (Lnrestricted) Fund5 2024 Funds Current assets Current liabiliiies 60,824 (61,191) 60,824 (61 191) 62,294 (59.347) Net assets at 31 March 2025 (367) {i67) 2,947 ose orrunds Rural CLLD Fund Ilural CLLD Collaboration fund Descri lion and naturc of fund All of the above funds are to be used as the truslees so decide. 12. VOLUNTEERS In comrnon wilh manv small charilies. Angus Rural Partnership benefits from the contribution madi by volunteeers w'ho giN'e their lime ld ialents willingl!. lor the benefit of the charitN'. The areas ofcharity 'hiCh relv on ihe Lonlribution of Nolunteers are man!, and N'aried and muLh of the aLtiN'ity w'ould be unable to conlinue ere it noi for the commilmeni shown. 13-
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