## **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** - Bank statement closing balance (31 March 2025): £ 5.00 - Total receipts per bank: £ 5.00 - Total payments per bank: £ 0.00 - Difference: £ 0.00 ## **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** - **Charity name:** Natural Wellbeing Scotland (NWS) SCIO - **SCIO Registration No:** SC053397 - **Principal address:** 18 Revoch Drive, Glasgow - **Constitution adopted:** 30 May 2024 - **Year end:** 31 March 2024 **Trustees** (all appointed on incorporation and still in office at 31 March 2025): - - - - **Governing document:** NWS Constitution dated 30 May 2024 - **External scrutiny:** Income under £25,000 – independent examination not required ## **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: - No services or programmes were delivered. - A single donation of £ 5.00 was received (1 February 2025). - Several small grant applications remain pending (see Section 3.3). During the year, the trustees: - Finalised and submitted applications to the Robertson Trust WEE Grants, Flightpath Fund, and other small funding streams. - Developed a detailed plan for nature-based wellbeing workshops targeting people experiencing financial hardship, poor mental health, or social isolation. - Established basic bank and bookkeeping arrangements. ## **3.3 Grant Applications Pending** At 31 March 2025, NWS has the following applications awaiting decision: - **Robertson Trust WEE Grants** – submitted 20 March 2025 - **Flightpath Fund** – submitted 5 May 2025 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: - Constitution of NWS as a SCIO on 30 May 2024. - Receipt of the first donation of £ 5.00. - Submission of two small grant applications by 31 March 2025. - Development of a provisional timeline to launch nature-based wellbeing programmes in Q3 2025 (subject to grant success). ## **5. Financial Review** - **Total incoming resources:** £ 5.00 (all from one unrestricted donation) - **Total resources expended:** £ 0.00 - **Net movement in funds:** £ + 5.00 - **Funds carried forward at year end:** £ 5.00 (unrestricted) 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. - Consider a seed-level crowdfunding campaign to cover initial pilot costs. 2. **Insufficient volunteer capacity** – trustees are sourcing volunteer coordinators in local community centres; if unsuccessful, planned programmes may be scaled back temporarily. 3. **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: - Proper accounting records are kept. - The charity meets OSCR’s filing requirements. ## **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**