SOUTH AYRSHIRE BEFRIENDING PROJECT (a company limited by guarantee) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2014 Charity No: SC 020989 Company No: SC236725
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2014 Contents Page Report of the trustees: Reference and Administrative Details 1-2 Structure and Governance Management 3-5 Objectives 5-6 Achievements 6-8 Financial Review 8-10 Trustees Responsibilities in relation to Financial Statements 10 Independent Reporting Accountant 11 Independent Accountant's Report 12-13 Income and Expenditure Account 14 Balance Sheet 15 Statement of Financial Activities 16 Statement of Accumulated Funds 17-18 Allocation of Net Assets over Funds 19 Notes to the Financial Statements 20-22
Report of the Trustees for the year ended 31 March 2014 The Trustees present their report and financial statements for the year ended 31 March 2014. Reference and Administrative Information Charity Name: South Ayrshire Befriending Project Charity Registration Number: SC 020989 Company Registration Number: Registered and General Office: SC236725 4A Citadel Place AYR Ayrshire KA7 1JN Directors and Trustees The Directors of the charitable company ("the Charity") are its Trustees for the purposes of charity law, and are hereinafter referred to collectively as "the Trustees". The Trustees serving during the year and since the year end were as follows: Mrs Helen Steele Chairman (resigned April 2014) Mrs Helen Lewis Depute Chair Miss Margaret-Ann Headrick Company Secretary Mr Christopher R Groves Treasurer (Chairman April 2014) Mrs Janet Renouf-Miller (Resigned December 2013) Mr Alan Bruce (Appointed April 2014) Ms Judith Hamilton (Appointed April 2014) Mrs Sheena Templeton (Appointed April 2014) Mrs Pat Winton (Appointed May 2014) Advisers Sgt Mark Hornby Miss Sarah Foran Mrs Carmen Douglas Police Scotland Scottish Children's Reporter Administration South Ayrshire Council Human Resources Department Accountant/ 1
Report of the Trustees for the year ended 31 March 2014 (Cont'd) Accountant Adam & Co, 151 High Street, Irvine KA12 8AD Bankers Lloyds TSB, 148 High Street, Ayr KA7 1PR Solicitors J & H Mitchell, 51 Atholl Road, Pitlochry PH16 5BU 2
Structure, Governance and Management Governing Document South Ayrshire Befriending Project is a charitable company limited by guarantee, incorporated on 12 September 2002. It is a registered charity. Its governing document is its Memorandum and Articles of Association. It conforms to current companies' legislation and meets the requirements of the Office of the Scottish Charity Regulator ('OSCR'). Recruitment, Appointment and Induction of Trustees The Board of Trustees, which must comprise at least four but not more than twelve members, elects a Chairman from their number annually. Further, one third of Trustees (or the nearest number upwards) must retire annually but are eligible to be put forward for re-election, should they so desire. Given recent Trustee changes no further appointments need reviewed at this time. this time. Due to the nature of the work carried out by the Charity, much focus is on the needs of vulnerable young people in Ayrshire. The Trustees therefore endeavour to ensure that the needs of this group are met through an appropriately skilled board group. They continue to seek out, by networking or personal contact, suitable individuals from professional and voluntary organisations who work with, or for, young people. They also endeavour to ensure that Trustees represent a good broad mix of traditional business skills and any apparent lack is regularly identified and support sought from appropriate sources. They have also enjoyed the continued support and advice of representatives from Strathclyde Police, the Scottish Children's Reporters Administration and Human Resources Department of the local authority. As well as being provided with documentary and personal contact detailing the work of the Charity, potential new Trustees are invited to meet with the co-ordinators and representatives of the Board in the office and familiarise themselves with the day to day work of the Charity. This enables both the interested potential Trustee and the existing Charity personnel to make an informed decision as to whether appointment as a Trustee should follow, including obtaining PVG checks. Once appointed, the Trustee follows, as soon as possible, a formal programme of induction which has been developed and is presented by the Company Secretary, covering matters such as: */ 3
Recruitment, Appointment and Induction of Trustees (Cont'd) * Obligations of Trustees under relevant legislation * Expectations of participation * Main documents which direct and govern the Charity's operations and activities including the Memorandum and Articles of Association and the Charity's own Policies and Procedures * Responsibilities to our current funders The Charity continues to review its Policies and Procedures on an ongoing basis to ensure they remain up to date, making revisals where necessary. Organisational Structure The Charity has a board of Trustees of, currently, seven members which meets nine to ten times per year, and is responsible for its direction and policy. Several sub groups exist with delegated responsibility for certain areas of the Charity's work, for example, Recruitment and Advertising, Fundraising and a Liaison group to communicate with staff members. These sub groups are headed by an appropriate board member and report back to the main board. The day to day running of the Charity (detailed below under 'Objectives and Activities') is carried out by one senior co-ordinator (who also has the Board's authority to act, within certain limits, as office manager) and two other co-ordinators. They are assisted in their work by a Project assistant. Since the year end, the Board has appointed a part-time Administration Officer to manage the young people and volunteers' databases, preparing information for reports and, if necessary, funding applications. Related Parties The Charity has a close relationship with South Ayrshire Council staff, local schools, teachers, health visitors, psychologists and many other professionals involved in the young person's life. The Charity is also a member of several supportive organisations such as Befriending Networks and Children in Scotland where, as well as participating in training, staff members network with colleagues working in similar environments. It benefits from the close support of South Ayrshire Child Protection Committee, taking advantage of many training opportunities as well as practical guidance and support. The Charity also enjoys a close relationship with many of its funders, several of whom offer practical as well as financial support. Risk Management/ 4
Risk Management Most risks identified by the Trustees are those which are covered by insurance. The Charity's ongoing review of its Policies and Procedures, as referred to above, continues to form part of an ongoing, regular risk assessment procedure. Objectives and Activities The Object of the Charity, as stated in its current Memorandum and Articles of Association (paragraph 3) "shall be to relieve the suffering and distress of, advance the education of and promote the welfare of children and young people within the South Ayrshire area, without distinction of political, religious, ethnic and other beliefs and opinions by providing a Befriending Service for children and young people who may be in need by reason of ill-health, disability, financial hardship or other disadvantage". Young people who are thought to be in need are referred to the Charity from a number of sources. In order to meet this objective, the Charity aims to: * Work in partnership with other agencies involved with the young person to identify relevant needs and provide appropriate service. * Develop the young person's confidence and self esteem through participation and integration in the community. * Facilitate the empowerment of the young person through the focus of a one to one supportive friendship. * Support the young people to set their own targets to work to. * Recruit, train and support adult volunteer befrienders from the South Ayrshire area to provide and maintain a positive befriending relationship for a minimum period of six months. * Provide and sustain clear channels of communication between the Charity and referring agents, volunteer befrienders, young people and their families. The Project carried out its work with the help of 67 volunteers over the course of the year. This included those involved in one to one matches, meeting for around 2-3 hours every two weeks, and those supporting young people in group situations for a few hours roughly once a month. The main work of the staff of the Charity includes: * Assessing referrals for entry criteria. * Recruiting adult volunteers and completing an assessment process including interview, seeking references and obtaining PVG checks. * Carrying out a four week volunteer training programme in preparation for matching together with a final review process. */ 5
Objectives and Activities (Cont'd) * Identifying appropriate matches and supporting the initial meetings of young person and volunteer. * Monitoring ongoing matches for progress. * Liaising with referrers, families, young people and volunteers. * Supporting existing volunteers through training and support evenings. * Involvement in activities to maintain the Charity as a high profile group. * Involvement as appropriate in fundraising/grant seeking activities. * Involvement as necessary to ensure all policies and procedures are appropriate and up to date. * Supporting past/present young people to participate in the YOB ("Youngsters of Befrienders") which is a group run by the young people themselves to arrange outings and activities. It also acts as an advisory group to the Board, and helps to keep it in touch with the young people whom the Charity serves. The Board continues to consider these group activities to be particularly significant in the circumstances of the Charity as a whole, given the very positive effects which participation in them has on most of the young people involved. Achievements and Performance The Charity has had a very good year and has had several significant successes. * In June the Project was awarded the Excellence Award for Quality in Befriending, at the time only the 3rd in Scotland to achieve this award. This is in recognition of the high standard of our good and safe practice. * Several of our volunteers were recognised at the National Saltire Awards, which rewards under 25s who volunteer. As well as our befrienders, some of our young people who have volunteered in our young people committee (YOBs) received certificates from both Saltire and VASA. Volunteers over the age of 25 are recognised through a regional South Ayrshire Volunteer Awards scheme and several of our befrienders in this age category received awards for their contribution to their community through volunteering. * The Project realised a long-held goal to make an information DVD about the Project, starring some of our young people and volunteers. This was commissioned by the YOBs and produced by students from the University of the West of Scotland as part of a course project and is used as an information tool for new users of the Project. It is also available on our website. There/ 6
Achievements and Performance (Cont'd) There have been some significant changes in the Board with several new Trustees joining, as the Board continued to strengthen and broaden the experience of the management. All have worked or continue to work with young people. The Chairman, Helen Steele stood down just after the year end in a planned retirement after serving for over 10 years. She is replaced by Christopher Groves as Chair. The role of SWD adviser remained unfilled but the Board is hopeful that it is to be filled shortly. The Board agreed during the year that to meet the continuing significant commitment in securing funding they would appoint a part time (2 day) Project Administrator to undertake the work of making grant applications and meet reporting requirements and to maintain the young people and volunteer databases, these roles being previously undertaken by some Trustees. The Project's staff team continues to work extremely well together under the supervision of the senior Co-ordinator. The Board has established systems to allow the recording and assessment of progress against targets, and they continue to prove a very useful tool for self-evaluation and monitoring, a measurement of staff performance and an indicator of success for potential funders. The Project supported 53 individual matches over the year, against a target of 50. They support on average about 30 matches a month. They also supported on average another 5 young people on the YOBs (Youngsters of Befriending - their choice!) committee while not matched. Despite our stricter criteria, the Project continued to attract a large number of referrals. At the year-end there were 18 young people accepted onto the list and awaiting a match. As well as the Charity's main work of making and supporting one to one befriending matches, the Co-ordinators continued to make available a number of group activities with 11 run in the year, from a Mindfulness and Confidence workshop to a trip to the Z1 Youth Café in Girvan. The Project has continued to attract a significant number of volunteers who undergo our training programme before being matched with a young person or working as a group volunteer. 24 new volunteers were trained in the year and a number of existing volunters were re-matched. The programme of information and support evenings for volunteers continues to run, with 9 evenings during the year with subjects ranging from Children's Hearings presentation to Drugs and Alcohol awareness training. Compulsory refreshers in Child Protection training continue as a matter of course. Each matched volunteer will normally meet with a young person for around 2-3 hours every two weeks as well as supporting them in group activities where possible. At the end of the year the Charity had 53 supported and active volunteers aged from 18 to 69; most involved in one-to-one matches and others helping out a group events, at the YOB meetings or offering taxi services. Our/ 7
Achievements and Performance (Cont'd) Our 5th Young People's Conference was held in the year. "Working Together to be Strong" had a theme of problem solving and team work. The conference was facilitated by Adventure Centre for Education (ACE) who designed and delivered a number of fun and interactive challenges, including orienteering, pyramid challenge and ski challenge. This was very well attended by volunteers, young people and members of the management committee. The Project secured additional funds to allow interested young people the opportunity to attend a local Taekwondo class. With the help of volunteer drivers to transport them, and free admission agreed by the instructor, two young people have taken this opportunity forward and are showing real talent and commitment having recently been successful in obtaining their second grading. New Initiatives The YOB's committee had asked the Board to consider allowing our young people to have an overnight activity. Since the year end the Project has been successful in securing funding from Awards for All for a programme of events including 2 overnight adventures, which will be facilitated by ACE later in the year. For various reasons many of our young people are unable to participate in other such opportunities at school and this will be their first experience of this type of group activity. The Project has also been increasingly aware that they receive a large number of referrals for socially isolated young people with additional support needs which we are unable to accept under our new stricter criteria. Unfortunately there are no other resources to which we could refer these young people on. The Board has therefore decided to trial a "Buddies" project targeted at these young people and is in the process of seeking funding to support this. As noted last year the Project had decided to encourage our young people to be more focussed on progress by setting and achieving goals. This has grown in success as staff and volunteers become more skilled at supporting our young people to do this and some goals have been set and achieved. * Trying a new club * Going to a football match * Hill walking * Creating a DVD Financial Review * The Project continues to raise all of its funding from voluntary sources with the exception of the Service Level Agreement awarded by South Ayrshire Council. 2014 was the 2nd year of a 3 year contract, with provision for this to be extended for an additional 2 years if conditions are met. */ 8
Financial Review (cont'd) * The Project is fully funded for the current year and is just short of full funding for 2014/15 with significant funding also in place for later years. * As noted earlier in this report the Board has appointed a (part-time) Administration Officer to support fund-raising, statistical and reporting needs. This appointment was in recognition of the fact that the significant level of input by Trustees was unlikely to be sustainable going forward. In addition, administrative assistance for the Project has also been extended from 4 to 5 days a week. In consequence this has resulted in an increase in Salaries and NIC Costs, which is reflected in the expenditure for this category of spend in 2014/15 compared to previous years. * With the Project's spending on Staff Training on 2012-13 having been increased significantly to meet the conditions attached to the Quality in Befriending award, in comparison the level of spend in 2013-14 declined to a level that is more typically sufficient to pay for the necessary quantity and quality of on-going training in support of staff development. * The reduction in Staff Travel recorded in 2013-14 is due to a methodological change for recording the costs involved, recognising as as far as possible the 'end' for which the travel is the 'means'. So, for example, staff travel for the purpose of having a meeting with a young person (e.g. to assess their suitability for being taken on by the Project or to review their progress as part of the Project) is categorised as a befriending cost. This procedural change is a partial cause of the increases in both Befriending Costs and Volunteers' Training and Support Costs incurred in 2013-14. * As noted above, the significant increases in 2013-14 in both Befriending Costs and Volunteers' Training and Support Costs are partially due to the change in method of recording staff travel costs. However, these categories of spend are also affected by other factors, including the increasing number of young people being befriended, the number of volunteers trained and the timing within the year of the training, and the rising costs involved in befriending each young person. Whilst every effort is made to keep these cost increases in check, the impact and success of the Project is dependent on the relationship that is built up between each young person and his/her befriender. In turn this is a function of the attractiveness to the young person of the outings with their befriender. So our befrienders are encouraged to be 'cost conscious' at all times, but not necessarily 'penny pinching'. Policy on Reserves The trustees have assessed the level of free reserves that the Charity will require to sustain its operation and are actively seeking funding to meet those costs for the forthcoming year as noted above. They/ 9
Policy on Reserves (Cont'd) They have, however, continued to support three designated reserves to reflect restrictions in available funding. * A Fixed Asset Reserve has been maintained to reflect funding tied up in fixed assets. * In view of the relatively short term nature of the Charity's funding, a Closure reserve has continued to be funded to reflect potential closure costs, including redundancy and other costs. * In addition to these, a Wind-down fund, established in recognition of the particular demands that the work of the Charity has on forward planning, continues to be supported. This reserve recognises the particularly personal nature of the services provided by the Charity. In the event of a lack of funding, the policies require a wind-down period of 10 weeks to allow for the appropriate ending of matches and liaison with social services as necessary. In this difficult funding environment the need to consider implementing this policy has continued to impinge seriously upon, and slow down, the Charity's work on a number of occasions. This fund will cover costs during that period and allow the deadline to be delayed until the end of the relevant financial year if insufficient funding is in place for future periods. Trustees Responsibilities in Relation to the Financial Statements Company law requires the trustees to prepare financial statements that give a true and fair view of the state of affairs of the Charity at the end of the financial year and its surplus or deficit for the year. In doing so the Trustees are required to: * Select suitable accounting policies and then reasonably apply them consistently. * Make judgements and estimates that are reasonable and prudent; and * Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enables them to ensure the financial statements comply with the Companies Act 1985 and those provisions of the Companies Act 2006 being in force. The Trustees 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. Independent Reporting Accountant/ 10
Independent Reporting Accountant It will be proposed at the next meeting of the Board that John Jackson of Adam & Co be reappointed as independent reporting accountant to the Charity for the ensuing year. The Trustees would place on record their thanks and appreciation to all staff, volunteers, funders and other supporters who have made such a contribution to the effectiveness of the Charity during the past year. By Order of the Trustees.. Christopher R Groves Chairman 19 August 2014 11
Independent Accountant's Report to the Trustees of South Ayrshire Befriending Project I report on the accounts for the year ended 31 March 2014, which are set out on Pages 14 to 19. Respective responsibilities of trustees and independent accountant The Charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustees Investment (Scotland) Regulations 2006. The Charity's trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention. Basis of independent accountant'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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent accountant's statement In the course of my examination, no matter has come to my attention: 1 which gives me reasonable cause to believe that in any material respect the requirements 2/ * to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts regulations; and * to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations; have not been met; or 12
Independent Accountant's Report to the Trustees of South Ayrshire Befriending Project (Cont'd) Independent accountant's statement (Cont'd) 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached... John Jackson C.A. Chartered Accountant (ICAS) 151 High Street IRVINE Ayrshire KA12 8AD 19 August 2014 13
INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 MARCH 2014 2014 2013 INCOME Grants 125847 85500 Fundraising 2004 124 Donations 5021 17715 Interest Received 34 25 Membership - 9 132906 103373 EXPENDITURE Salaries & NIC 86394 69622 Staff Travel 247 2698 Staff Training 829 1143 Staff Meetings 123 - Staff Recruitment 948 454 Recruitment & Advertising 165 22 Volunteers' Training 1630 868 Volunteers' Insurance - 22 Befriending & Excursion Costs 21657 18087 Telephone/Internet 1156 1167 Stationery/Printing/Computer 1892 1620 Insurance 1249 1257 Electricity 2084 1928 Water 419 347 Rent 8367 8100 Sundries 1044 835 Repairs/Maintenance/Common 506 908 Bank Interest/Charges 264 155 Postage 986 805 Cleaning 439 435 Examiners Fee 1500 1440 Payroll Expenses 816 672 Depreciation 724 865 133439 113450 Net Income (Outgoings) for Year (533) (10077) 14
BALANCE SHEET AS AT 31 MARCH 2014 2014 2013 FIXED ASSETS Tangible Assets 1448 1731 CURRENT ASSETS Unexpired Charges 4387 4364 Bank 55125 53609 Cash 56 170 59568 58143 CURRENT LIABILITIES Accrued Charges 7889 7214 Deferred Income 17500 16500 25389 23714 NET CURRENT ASSETS 34179 34429 35627 36160 represented by: ACCUMULATED FUNDS Restricted 159 - Unrestricted: Designated 33771 32226 General 1697 3934 35468 36160 35627 36160 Approved by the Board of Trustees on 19 August 2014. ON BEHALF OF THE BOARD.. Christopher R Groves - Director 15.. Margaret-Ann Headrick - Director
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR TO 31 MARCH 2014 Incoming Resources Unrestricted Restricted Total Total Funds Funds Funds Funds 2014 2014 2014 2013 Incoming resources from generated funds: Voluntary Income: Donations and grants 18058 112810 130868 103215 Fundraising 2004 0 2004 124 Activities for Generating Funds Investment Income 34 0 34 34 Total Incoming Resources 20096 112810 132906 103373 Resources Expended Cost of Generating Funds Costs of generating voluntary income 3105 5577 8682 378 Fundraising costs; expenses and time 225 247 472 0 Befriending Activities 16100 106685 122785 107233 Governance Costs 1358 142 1500 5839 Total Resources expended 20788 112651 133439 113450 Net Resources (692) 159 (533) (10077) Reconciliation of Funds Funds brought forward 36160 0 36160 46237 Total funds carried forward 35468 159 35627 36160 The statement of financial activities includes all gains and losses in the year. The allocation of resources expended into the above categories has been applied on the basis of time spent by the employees. Overheads have been allocated on the same basis unless specific to a particular category of expenditure. 16
STATEMENT OF ACCUMULATED FUNDS FOR YEAR ENDED 31 MARCH 2014 As at Received in Expended in Inter Fund As at 01.04.13 Year Year Transfer 31.03.14 Restricted Funds South Ayrshire Council 29000 29000 0 BBC Children in Need 30000 30000 0 The Robertson Trust 15000 15000 0 The Volant Trust 10000 10000 0 R S Macdonald Charitable Trust 10000 10000 0 Lloyds TSB Foundation for Scotland 5000 5000 0 The Moffat Charitable Trust 4000 4000 0 The Stafford Trust 4000 4000 0 The Rozelle Trust 3000 3000 0 Strathclyde Police 2500 2500 0 Kilmarnock Benefit Centre 310 151 159 112810 112651 159 Unrestricted Funds General 3934 20096 20788 (1545) 1697 Designated - Capital 1731 (283) 1448 Designated - Closure 7995 1828 9823 Designated - Wind-down 22500 20788 0 22500 36160 20096 20788 0 35468 All Funds 36160 132906 133439 0 35627 Purpose of Designated Funds Capital This is to recognise that the fixed assets would have to be sold to realise these funds, effectively ceasing operation of the Project. Closure This is to protect funds required for redundancy and other closure costs in the event of the Project having to wind up. 17
STATEMENT OF ACCUMULATED FUNDS FOR YEAR ENDED 31 MARCH 2014 (CONT'D) Wind-down This fund recognises the particularly personal nature of the services of the Project. Our policies require a wind-down period of 10 weeks to allow for appropriate ending of matches and liaison with social services as necessary. In this difficult funding environment the need to consider implementing this policy has seriously impinged on and slowed down the work of the Project on a number of occasions. This fund will ensure the wind-down deadline can be delayed until closer to the end of the financial year if insufficient funding is in place for future periods. 18
ALLOCATION OF NET ASSETS OVER FUNDS FOR YEAR ENDED 31 MARCH 2014 Restricted Unrestricted Total Tangible Fixed Assets - 1448 1448 Net Current Assets 159 34020 34179 159 35468 35627 19
NOTES TO THE FINANCIAL STATEMENTS Note 1 Accounting Policies The financial statements have been prepared in accordance with the Statement of Recommended Practice - Accounting by Charities. The principal accounting policies adopted in the preparation of the financial statements are as follows:- a) Basis of Preparation The financial statements have been prepared under the historical cost convention. b) Depreciation Depreciation is provided to write off the cost or valuation less estimated residual values of all fixed assets over their expected useful lives. It is calculated at the following rates:- Office Equipment 33 1/3% reducing balance c) Taxation South Ayrshire Befriending Project has been approved as a charity by the Inland Revenue, Charity Number SC 020989 and is granted exemption from liability to taxation by SS505 and SS506 ICTA 1988. d) Income and Expenditure Income from donations and fundraising activities are credited to the Income and Expenditure Account on a receipt basis. Expenditure other than that which has been capitalised is charged to the Income and Expenditure Account on an accruals basis inclusive of Value Added Tax. e) Grants Receivable Revenue Grants are recognised in the Income and Expenditure Account gross in the period in which they are received. Capital Grants are recognised in the Income and Expenditure Account gross in the period which they are received and transferred to the appropriate fund. f) Restricted and Unrestricted Funds Under the Statement of Recommended Practice, funds are to be classified as "restricted" or "unrestricted", defined as follows: Unrestricted/ 20
NOTES TO THE FINANCIAL STATEMENTS (CONT'D) Unrestricted funds are those available to be expended in achieving the general objects of the Project at the discretion of the Trustees. Restricted funds are those received subject to a specific trust imposed by the donor, or by the wording of a particular appeal. South Ayrshire Befriending Project has the following material restricted funds:- BBC Children in Need Grant given towards salary costs. Kilmarnock Benefit Centre Grant given towards the costs of enabling young persons' befriended through the Project to participate in Taekwondo classes. Lloyds TSB Foundation for Scotland Grant given towards rent, insurance and electricity. The R S Macdonald Charitable Trust Grant given towards running costs. The Moffat Charitable Trust Grant given towards befriending costs. The Robertson Trust Grant given towards general costs or befriending costs. The Rozelle Trust Grant given towards Project running costs. The Stafford Trust Grant given towards befriending costs generally. Strathclyde Police Grant given towards salary costs. South Ayrshire Council Grant given towards salary costs. The Volant Charitable Trust/ 21
NOTES TO THE FINANCIAL STATEMENTS (CONT'D) The Volant Charitable Trust Grant given towards befriending costs and/or staff salaries. Grants were also received from the STV Appeal, Wm Grant & Sons Ltd, The Deloitte Foundation, plus donations from various organisations and individuals. Tangible Fixed Assets Office Furniture & Equipment 2014 2013 Cost At 1 April 2013 8727 8624 Additions 441 103 Disposal - - At 31 March 2014 9168 8727 Accumulated Depreciation At 1 April 2013 6996 6131 Disposal - - Charge for Year 724 865 At 31 March 2014 7720 6996 Net Book Value At 31 March 2014 1448 1731 Cash at Bank Lloyds TSB Account No 1 2793 10216 Lloyds TSB Account No 2 285 128 Lloyds TSB Account No 3 52047 43265 As at 31 March 2014 55125 53609 Share Capital The South Ayrshire Befriending Project is a company limited by guarantee. The liability of the members is limited to 1. 22