3.1
Financial review
The Trust is pleased to report that we have operated at a surplus in our first period of trading
allowing us to start building reserves in line with our reserves policy.
In summary, the financial position during 2015/16 is noted below:
Total Income
Net movement in Funds
Actuarial Gains
Unrestricted/
Restricted Fund
Restricted
Funds
Total Fund
6,318,921
281,055
6,599,974
(2,097,071)
1,547
(2,095,525)
2,118,000
Net movement in Funds (after
retirement benefit scheme loss)
20,929
2,118,000
1,547
22,475
Funds held @ 31 March 2016:
31 March 2016
Total Funds
22,475
The unrestricted surplus at the end of the year was £324,474 but the multi-employer defined
benefit pension scheme is in deficit by £302,000 and therefore the net surplus is £22,475
Our first period of trading has helped us to meet our charitable aims and objectives. Our yearend financial position provides a sound platform from which we can continue to meet our
commitments.
The principle funding sources are a combination of income generated through a level of sales,
fees and charges for our charitable activities £3,000,451, as well as income from East Renfrewshire
Council (Management Fee) £3,420,953 for our work in