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2024-05-31-accounts

Receipts & Payments Account

For the year ended 31 March 2025

Natural Wellbeing Scotland (NWS) SCIO

SCIO Registration No: SC053397 Registered Office: 18 Revoch Drive, Glasgow Financial year end: 31 March 2024

Receipts £ Payments £ Balance b/f at 1 April 2024 0.00 Donations and legacies: Total payments 0.00 Small public donation (1 February 2025) 5.00

Closing balance c/f 5.00

Total receipts 5.00

Bank reconciliation as at 31 March 2025

Notes to the Receipts & Payments Account

  1. This is the first year of trading: opening balance at 1 April 2024 was £ 0.00.

  2. The only receipt during the year is a one-off donation of £ 5.00, received 1 February 2025; no expenditure was incurred.

  3. Closing cash at bank as at 31 March 2025 is £ 5.00.

Signed on behalf of the Charity by:

Chair of Trustees

Date: 02/06/25

Treasurer

Date: 02/06/25

Trustees’ Annual Report For the year ended 31 March 2024

1. Reference and Administration

Trustees (all appointed on incorporation and still in office at 31 March 2025):

2. Structure, Governance and Management

Natural Wellbeing Scotland is constituted as a Scottish Charitable Incorporated Organisation (SCIO), governed by its Constitution dated 30 May 2024. Under the Constitution, trustees elect from among themselves the Chair, Treasurer and Secretary each year. No trustees joined or left during the year. The board met informally three times between 1 April 2024 and 31 March 2025; any material decisions were taken by written resolution in accordance with the Constitution.

Each trustee serves in line with duties set out in the Scottish Charities Act 2005 and the board’s code of conduct. No trustee receives remuneration; out-of-pocket expenses may be reimbursed (none claimed in Year 1).

3. Objectives and Activities

3.1 Charitable Objects

As set out in Clause 4 of the Constitution, NWS’s objects are:

  1. Prevention or relief of poverty

  2. Advancement of health

  3. Advancement of citizenship or community development

  4. Provision of recreational facilities or activities to improve conditions of life

  5. Advancement of environmental protection or improvement

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

3.2 Principal Activities During the Year

Between 1 April 2024 and 31 March 2025, NWS was in start-up mode:

During the year, the trustees:

3.3 Grant Applications Pending

At 31 March 2025, NWS has the following applications awaiting decision:

No award letters had been received by year-end. Any awards granted in FY 2025–26 will be reflected in next year’s accounts.

4. Achievements and Performance

Given the low level of activity in Year 1 (income £ 5.00; no expenditure; no service delivery), there are no performance indicators to report. Key milestones achieved include:

5. Financial Review

At 31 March 2025, NWS holds £ 5.00 in its bank account. No reserves policy is yet required beyond retaining sufficient funds to process future transactions.

6. Reserves Policy and Risk Management

Reserves policy:

As a start-up, NWS holds minimal reserves. Trustees retain £ 5.00 to cover any small banking charges or administrative costs. A formal reserves policy will be adopted once regular income streams begin.

Principal risks and mitigations:

  1. Failure to secure grant funding – if key small grants are declined, trustees will: o Re-apply to alternative local funding sources (e.g., community foundations) in Summer 2025.

  2. Consider a seed-level crowdfunding campaign to cover initial pilot costs.

  3. Insufficient volunteer capacity – trustees are sourcing volunteer coordinators in local community centres; if unsuccessful, planned programmes may be scaled back temporarily.

  4. Low public awareness – mitigate by increasing social media presence and partnering with established environmental charities in Glasgow and the Lothians.

7. Plans for Future Periods

For the year ending 31 March 2026, trustees intend to:

  1. Launch three nature-based wellbeing workshops (one pilot in Summer 2025, two further in Autumn 2025).

  2. Recruit at least two volunteer facilitators and one part-time coordinator (subject to new funding).

  3. Secure additional grants totalling £ 5,000–£ 10,000 to cover programme costs and overheads.

  4. Establish a monitoring & evaluation framework (KPIs: number of service users referred, participant satisfaction scores, follow-up wellbeing surveys).

8. Statement of Trustees’ Responsibilities

The trustees (who are also the directors for company law purposes) are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and UK Accounting Standards (FRS 102). They must ensure that:

9. Approval and Signature

This Trustees’ Annual Report was approved by the trustees on 2[nd] June 2025 and signed on their behalf by:

Chair of Trustees

Date: 02/06/25

Treasurer

Date: 02/06/25

Secretary

Date: 02/06/25