REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements for the Year Ended 31 May 2023 |
for |
BARVAS AND BRUE COMMUNITY CENTRE |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements for the Year Ended 31 May 2023 |
for |
BARVAS AND BRUE COMMUNITY CENTRE |
BARVAS AND BRUE COMMUNITY CENTRE |
Contents of the Financial Statements |
for the Year Ended 31 May 2023 |
Page |
Report of the Trustees | 1 | to | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 | to | 6 |
Notes to the Financial Statements | 7 | to | 12 |
BARVAS AND BRUE COMMUNITY CENTRE (REGISTERED NUMBER: SC232119) |
Report of the Trustees |
for the Year Ended 31 May 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
To promote the use of the Barvas and Brue Community Centre for the benefit of the inhabitants of the Barvas and Brue area without distinction of sex or of political, religious or other opinions, by associating with local authorities such as The Community Council, Voluntary Organisations and inhabitants in a common effort to provide facilities in the interest of social welfare, recreation and other leisure-time occupation with the object of improving conditions of life for the said inhabitants. |
To also secure the establishment, maintenance and management of the centre for activities promoted by the committee and its constituent bodies in furtherance of the above subjects. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
With the gradual return to normality following the lifting of Covid restrictions we are pleased to have surpassed the income from hall hire and fundraising activities achieved in the previous financial year. This has resulted in a healthy bank balance being maintained and the trustees continue to work towards promoting the Centre and it's facilities for the benefit of the community. |
FINANCIAL REVIEW |
Financial position |
Overall income has increased by £12,973 on 2022. Most of the increase was due to increased hall hire and fundraising events income. Expenditure in the year has increased by £7,897 on 2022. |
The Centre returned a surplus of £5,380 before we account for depreciation charges on the building which compares to a surplus of £216 in 2022. |
The Centre finishes the year with cash in the bank of £26,432 compared to £21,019 in 2022. |
FUTURE PLANS |
The trustees continue to explore all available sources of funding applicable to the operation and maintenance of the Centre and have recently been successful on several fronts including the award of Crown Estate grants for the employment of a caretaker for the Centre and the refurbishment of the ladies and gents toilets which is currently in progress. A further grant from Inspiring Scotland has enabled the purchase of toys for use in children's play sessions and birthday parties. Funding has also been secured for the setting up of a parent and toddler group at the Centre in the near future. |
An application for funding towards a Christmas dinner for senior citizens is currently in progress. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
Appointment of Trustees are made through committee meetings, whether by approaching individuals with the necessary qualifications or accepting individuals who have expressed an interest with the Barvas and Brue area. The management committee shall consist of up to 9 members, all volunteers with no remuneration and meet on a monthly basis, each serving for a period of 3 years with 3 retiring annually at the annual general meeting. The retiring members will be eligible for re- election. |
The organisation was set up as a Limited by Guarantee Company on 28 May 2002, Company Registration number SC232119, with no share capital. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
BARVAS AND BRUE COMMUNITY CENTRE (REGISTERED NUMBER: SC232119) |
Report of the Trustees |
for the Year Ended 31 May 2023 |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
John E Moffat BA FCA |
Mann Judd Gordon Ltd |
Chartered Accountants |
26 Lewis Street |
Stornoway |
Isle of Lewis |
HS1 2JF |
Bankers |
Royal Bank of Scotland |
17 North Beach Street |
Stornoway |
Isle of Lewis |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Barvas And Brue Community Centre |
I report on the accounts for the year ended 31 May 2023 set out on pages four to twelve. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). 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 the independent examiner's report |
My examination was 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 seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | 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 to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
John E Moffat BA FCA |
The Institute of Chartered Accountants in England and Wales |
Mann Judd Gordon Ltd |
Chartered Accountants |
26 Lewis Street |
Stornoway |
Isle of Lewis |
HS1 2JF |
4 October 2023 |
BARVAS AND BRUE COMMUNITY CENTRE |
Statement of Financial Activities |
for the Year Ended 31 May 2023 |
31.5.23 | 31.5.22 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Other trading activities | 3 |
Other income |
Total |
EXPENDITURE ON |
Raising funds | 4 |
Charitable activities |
Charitable | 12,315 | 33,303 | 45,618 | 44,267 |
Governance costs | 451 | - | 451 | - |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 441,455 |
BARVAS AND BRUE COMMUNITY CENTRE (REGISTERED NUMBER: SC232119) |
Balance Sheet |
31 May 2023 |
31.5.23 | 31.5.22 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
CURRENT ASSETS |
Stocks | 9 | ( |
) |
Debtors | 10 |
Cash at bank and in hand |
( |
) |
CREDITORS |
Amounts falling due within one year | 11 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 12 |
Unrestricted funds | 20,305 |
Restricted funds | 421,150 |
TOTAL FUNDS | 441,455 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
BARVAS AND BRUE COMMUNITY CENTRE (REGISTERED NUMBER: SC232119) |
Balance Sheet - continued |
31 May 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
BARVAS AND BRUE COMMUNITY CENTRE |
Notes to the Financial Statements |
for the Year Ended 31 May 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Long leasehold | - |
Plant and machinery | - |
Fixtures and fittings | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
BARVAS AND BRUE COMMUNITY CENTRE |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2023 |
2. | DONATIONS AND LEGACIES |
31.5.23 | 31.5.22 |
£ | £ |
Donations |
Hall Hire |
Grants |
Rental - Post office | 1,560 | 1,560 |
Donated services and facilities |
SSE Income | - | 1,038 |
Insurance claim | - | 1,102 |
Turbine site lease payment | - | 25 |
West Side Football Club | 1,080 | 945 |
Grants received, included in the above, are as follows: |
31.5.23 | 31.5.22 |
£ | £ |
Comhairle nan Eilean Siar | 700 | 600 |
Western Isles Lifestyle Lottery Grant | - | 1,000 |
Inspiring Scotland | 1,978 | - |
2,678 | 1,600 |
3. | OTHER TRADING ACTIVITIES |
31.5.23 | 31.5.22 |
£ | £ |
Fundraising events |
4. | RAISING FUNDS |
Raising donations and legacies |
31.5.23 | 31.5.22 |
£ | £ |
Fundraising expense |
Closing stock | ( |
) | ( |
) |
887 | 106 |
5. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.5.23 | 31.5.22 |
£ | £ |
Depreciation - owned assets |
Surplus on disposal of fixed assets | ( |
) |
BARVAS AND BRUE COMMUNITY CENTRE |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2023 |
6. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 May 2023 nor for the year ended 31 May 2022. |
7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Other income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Charitable | 11,384 | 32,883 | 44,267 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 20,799 | 453,033 |
TOTAL FUNDS CARRIED FORWARD | 20,305 | 421,150 | 441,455 |
BARVAS AND BRUE COMMUNITY CENTRE |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2023 |
8. | TANGIBLE FIXED ASSETS |
Fixtures |
Long | Plant and | and |
leasehold | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 June 2022 and 31 May 2023 |
DEPRECIATION |
At 1 June 2022 |
Charge for year |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
9. | STOCKS |
31.5.23 | 31.5.22 |
£ | £ |
Stocks |
10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 31.5.22 |
£ | £ |
Trade debtors |
11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 31.5.22 |
£ | £ |
Accrued expenses |
12. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.6.22 | in funds | 31.5.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 20,305 | 6,003 | 26,308 |
Restricted funds |
Restricted |
421,150 | (33,304 | ) | 387,846 |
TOTAL FUNDS | (27,301 | ) | 414,154 |
BARVAS AND BRUE COMMUNITY CENTRE |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2023 |
12. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 22,992 | (16,989 | ) | 6,003 |
Restricted funds |
Restricted |
1,977 | (35,281 | ) | (33,304 | ) |
TOTAL FUNDS | ( |
) | (27,301 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1.6.21 | in funds | 31.5.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 20,799 | (494 | ) | 20,305 |
Restricted funds |
Restricted |
453,033 | (31,883 | ) | 421,150 |
TOTAL FUNDS | 473,832 | (32,377 | ) | 441,455 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 10,996 | (11,490 | ) | (494 | ) |
Restricted funds |
Restricted |
1,000 | (32,883 | ) | (31,883 | ) |
TOTAL FUNDS | 11,996 | (44,373 | ) | (32,377 | ) |
BARVAS AND BRUE COMMUNITY CENTRE |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2023 |
12. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.6.21 | in funds | 31.5.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 20,799 | 5,509 | 26,308 |
Restricted funds |
Restricted |
453,033 | (65,187 | ) | 387,846 |
TOTAL FUNDS | 473,832 | (59,678 | ) | 414,154 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 33,988 | (28,479 | ) | 5,509 |
Restricted funds |
Restricted |
2,977 | (68,164 | ) | (65,187 | ) |
TOTAL FUNDS | 36,965 | (96,643 | ) | (59,678 | ) |
13. | RELATED PARTY DISCLOSURES |