IRIS Accounts Production v23.4.0.336 Other Company accounts True false Pounds 1.9.22 31.8.23 31.8.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2223702022-08-31SC2223702023-08-31SC2223702022-09-012023-08-31SC2223702021-08-31SC2223702021-09-012022-08-31SC2223702022-08-31SC222370ns0:CharitableCompanyLimitedByGuarantee2022-09-012023-08-31SC222370ns15:PoundSterling2022-09-012023-08-31SC222370ns11:FRS1022022-09-012023-08-31SC222370ns11:IndependentExaminationCharity2022-09-012023-08-31SC222370ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-09-012023-08-31SC222370ns11:FullAccounts2022-09-012023-08-31SC222370ns11:CharitiesSORP2022-09-012023-08-31SC222370ns16:EnglandWales2022-09-012023-08-31SC222370ns11:RegisteredOffice2022-09-012023-08-31SC222370ns0:Trustee22022-09-012023-08-31SC222370ns0:Trustee32022-09-012023-08-31SC222370ns0:Trustee12022-09-012023-08-31SC222370ns0:TotalUnrestrictedFunds2022-09-012023-08-31SC222370ns0:TotalRestrictedIncomeFunds2022-09-012023-08-31SC222370ns0:Activity8ns0:TotalUnrestrictedFunds2022-09-012023-08-31SC222370ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-09-012023-08-31SC222370ns0:Activity82022-09-012023-08-31SC222370ns0:Activity82021-09-012022-08-31SC222370ns0:Activity92022-09-012023-08-31SC222370ns0:TotalUnrestrictedFundsns0:Activity92022-09-012023-08-31SC222370ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-09-012023-08-31SC222370ns0:Activity92021-09-012022-08-31SC222370ns0:TotalUnrestrictedFunds2022-08-31SC222370ns0:TotalRestrictedIncomeFunds2022-08-31SC222370ns0:TotalUnrestrictedFunds2023-08-31SC222370ns0:TotalRestrictedIncomeFunds2023-08-31SC222370ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-08-31SC222370ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-08-31SC222370ns10:WithinOneYear2023-08-31SC222370ns10:WithinOneYear2022-08-31SC222370ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-09-012023-08-31SC222370ns10:PlantMachinery2022-09-012023-08-31SC222370ns10:FurnitureFittingsToolsEquipment2022-09-012023-08-31SC22237022022-09-012023-08-31SC22237012022-09-012023-08-31SC22237012021-09-012022-08-31SC222370ns10:OwnedAssets2022-09-012023-08-31SC222370ns10:OwnedAssets2021-09-012022-08-31SC222370ns0:TotalUnrestrictedFunds2021-09-012022-08-31SC222370ns0:TotalRestrictedIncomeFunds2021-09-012022-08-31SC222370ns0:Activity8ns0:TotalUnrestrictedFunds2021-09-012022-08-31SC222370ns0:Activity8ns0:TotalRestrictedIncomeFunds2021-09-012022-08-31SC222370ns0:TotalUnrestrictedFundsns0:Activity92021-09-012022-08-31SC222370ns0:Activity9ns0:TotalRestrictedIncomeFunds2021-09-012022-08-31SC222370ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-08-31SC222370ns10:PlantMachinery2022-08-31SC222370ns10:FurnitureFittings2022-08-31SC222370ns10:FurnitureFittings2022-09-012023-08-31SC222370ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-08-31SC222370ns10:PlantMachinery2023-08-31SC222370ns10:FurnitureFittings2023-08-31SC222370ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-08-31SC222370ns10:PlantMachinery2022-08-31SC222370ns10:FurnitureFittings2022-08-31
REGISTERED COMPANY NUMBER: SC222370 (Scotland)
REGISTERED CHARITY NUMBER: SC027691














Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 August 2023

for

Burghead Amenities Association

Burghead Amenities Association






Contents of the Financial Statements
For The Year Ended 31 August 2023




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 13

Burghead Amenities Association (Registered number: SC222370)

Report of the Trustees
For The Year Ended 31 August 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 August 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
The charity objects are to promote any charitable purposes for the benefit of the inhabitants of Burghead and its environs without the distinction of political, religious or other opinions or of race. To bring together in association the inhabitants, voluntary organisations and local authorities in a common effort to advance education and further the health of said inhabitants. To provide a meeting place and other facilities for the purpose of social welfare, recreation and education so that the conditions of life of said inhabitants may be improved.

ACHIEVEMENT AND PERFORMANCE
Burghead Amenities Association (BAA) was set up to improve amenities for the whole community of Burghead. Currently BAA's focus is on providing and developing Burghead Station Yard Community Garden and also supporting people in need through the Covid situation and now the emerging Cost of Living crisis.

Our overall vision for Burghead Station Yard Community Garden is:
-To make a wild life friendly garden for everyone to enjoy
-Areas for families to use and for children to play in
-Spaces where everyone who wants to can grow food.

OUR ACTIVITIES

Fundraising:

We have received many generous local donations and also external grants, to develop the Community Garden. Our Lucky Squares draw is now in it's third year.

Lucky Squares:

Year 2 of the Lucky Squares ran from 1st April 2022 to 31st March 2023.
We received £4,193 in ticket sales. 44% ( £1,300) was spend on prizes. There were no expenses, The balance, £2,893 (56%) was allocated to garden funds.

Grants:

We received the following grants to assist with the operation of the Blessing Boxes:
The Robertson Trust - £500 received on 30th November 2022
Bank of Scotland Foundation - £1,500 received on 14th December 2022.

The Community Garden :

The vegetable plots are very well used. The benefits of the plots are in improving mental health, as well as food growing. Community plots have been dug and cultivated, and spare produce donated. This year, produce has again been available from the polytunnel and made available to the community, via an honesty box system for donations.

This year we also held a Family Fun Day on 1st July 2023. This was to have been held in the garden, but due to inclement weather had to be moved into the Community Hall, where a five a side football tournament took place and was enjoyed by all that took part.

The Blessing Boxes have continued to be well supported, both financially and by donations in kind, by the local community and continue to be well used. We aim to keep the Boxes stocked for as long as they are required, to assist people in coping with the higher power and food cost which are currently being incurred. We are registered with Moray Food Bank to operate as a "larder" organisation for them, and can also refer people to the Food Bank for food deliveries.


Burghead Amenities Association (Registered number: SC222370)

Report of the Trustees
For The Year Ended 31 August 2023

FINANCIAL REVIEW
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level sufficient to cover management, administration and support costs for the period of one year and to build these funds up to enable the charity to carry out capital projects.

The level of funds held at the year end was £113,046 of which designated funds were £33,564 and unrestricted funds of £79,482. £98,311 of the total funds represent fixed assets and £14,735 represent net current assets.

The level of restricted funds held at the year end was Nil (2022 - £1,632)

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate these.

FUTURE PLANS
Members of our community still require support from the Blessing Boxes . We plan to continue working with our partner organisations to support a local response as long as the required. We will continue to work on identifying funding to keep the Blessing Boxes going into the next year. However, if more external funding cannot be found, the shopping for the boxes will be limited.

With regards to the Garden, we would like in the future to able to install an outdoor gym, to assist with the physical and mental health of our community.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC222370 (Scotland)

Registered Charity number
SC027691

Registered office
44 Forteath Street
Burghead
Moray
IV30 5XF

Trustees
R Finlayson Inspector (resigned 11.5.23)
Mrs A L Stewart Maintenance Administrator
Ms J Benson Retired (appointed 11.5.23)

Independent Examiner
Alan Long FCA
Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

Burghead Amenities Association (Registered number: SC222370)

Report of the Trustees
For The Year Ended 31 August 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Bank of Scotland
600 Gorgie Road
Edinburgh
EH11 3XP

Approved by order of the board of trustees on 29 March 2024 and signed on its behalf by:





Ms J Benson - Trustee

Independent Examiner's Report to the Trustees of
Burghead Amenities Association

I report on the accounts for the year ended 31 August 2023 set out on pages five to thirteen.

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.








Alan Long FCA
The Institute of Chartered Accountants in England and Wales

Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

29 March 2024

Burghead Amenities Association

Statement of Financial Activities
For The Year Ended 31 August 2023

31.8.23 31.8.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,464 2,000 3,464 9,335

Other trading activities 2 5,437 - 5,437 6,874
Total 6,901 2,000 8,901 16,209

EXPENDITURE ON
Charitable activities
Raising funds
269 - 269 806
General 7,063 4,734 11,797 10,595
Total 7,332 4,734 12,066 11,401

NET INCOME/(EXPENDITURE) (431 ) (2,734 ) (3,165 ) 4,808


RECONCILIATION OF FUNDS
Total funds brought forward 79,913 36,298 116,211 111,403

TOTAL FUNDS CARRIED FORWARD 79,482 33,564 113,046 116,211

Burghead Amenities Association (Registered number: SC222370)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 64,747 33,564 98,311 100,318

CURRENT ASSETS
Cash at bank and in hand 16,670 - 16,670 17,808

CREDITORS
Amounts falling due within one year 7 (1,935 ) - (1,935 ) (1,915 )

NET CURRENT ASSETS 14,735 - 14,735 15,893

TOTAL ASSETS LESS CURRENT
LIABILITIES

79,482

33,564

113,046

116,211

NET ASSETS 79,482 33,564 113,046 116,211
FUNDS 8
Unrestricted funds 79,482 79,913
Restricted funds 33,564 36,298
TOTAL FUNDS 113,046 116,211

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.


Burghead Amenities Association (Registered number: SC222370)

Balance Sheet - continued
31 August 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 29 March 2024 and were signed on its behalf by:





J Benson - Trustee

Burghead Amenities Association

Notes to the Financial Statements
For The Year Ended 31 August 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.


Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance

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.

2. OTHER TRADING ACTIVITIES
31.8.23 31.8.22
£    £   
Fundraising events 1,034 973
Vegetable plots and garden items 1,510 2,642
Lucky squares 2,893 3,259
5,437 6,874


Burghead Amenities Association

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.8.23 31.8.22
£    £   
Depreciation - owned assets 1,815 2,249
Deficit on disposal of fixed assets 192 -

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.


Trustees' expenses

In 2023 reimbursement of expenses to trustees and related parties amounted to £146 (2022 - £235)

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,335 6,000 9,335

Other trading activities 6,874 - 6,874
Total 10,209 6,000 16,209

EXPENDITURE ON
Charitable activities
Raising funds
806 - 806
General 4,204 6,391 10,595
Total 5,010 6,391 11,401

NET INCOME/(EXPENDITURE) 5,199 (391 ) 4,808


RECONCILIATION OF FUNDS
Total funds brought forward 74,714 36,689 111,403

TOTAL FUNDS CARRIED FORWARD 79,913 36,298 116,211


Burghead Amenities Association

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2022 90,810 8,635 22,217 121,662
Disposals - - (734 ) (734 )
At 31 August 2023 90,810 8,635 21,483 120,928
DEPRECIATION
At 1 September 2022 - 6,884 14,460 21,344
Charge for year - 263 1,552 1,815
Eliminated on disposal - - (542 ) (542 )
At 31 August 2023 - 7,147 15,470 22,617
NET BOOK VALUE
At 31 August 2023 90,810 1,488 6,013 98,311
At 31 August 2022 90,810 1,751 7,757 100,318

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 1,250 1,320
Accrued expenses 685 595
1,935 1,915

8. MOVEMENT IN FUNDS
Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 79,913 (431 ) 79,482

Restricted funds
Arnold Clark Community Foundation Yr 2 1,632 (1,632 ) -
Designated fund 34,666 (1,102 ) 33,564
36,298 (2,734 ) 33,564
TOTAL FUNDS 116,211 (3,165 ) 113,046

Burghead Amenities Association

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

8. 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 6,901 (7,332 ) (431 )

Restricted funds
Arnold Clark Community Foundation Yr 2 - (1,632 ) (1,632 )
The Robertson Trust 500 (500 ) -
Designated fund - (1,102 ) (1,102 )
Bank of Scotland 1,500 (1,500 ) -
2,000 (4,734 ) (2,734 )
TOTAL FUNDS 8,901 (12,066 ) (3,165 )


Comparatives for movement in funds

Net
movement At
At 1.9.21 in funds 31.8.22
£    £    £   
Unrestricted funds
General fund 74,714 5,199 79,913

Restricted funds
Arnold Clark Community Foundation Yr 2 - 1,632 1,632
Corra Foundation 872 (872 ) -
Designated fund 35,817 (1,151 ) 34,666
36,689 (391 ) 36,298
TOTAL FUNDS 111,403 4,808 116,211

Burghead Amenities Association

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

8. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 10,209 (5,010 ) 5,199

Restricted funds
Arnold Clark Community Foundation Yr 1 2,500 (2,500 ) -
Arnold Clark Community Foundation Yr 2 2,500 (868 ) 1,632
Corra Foundation - (872 ) (872 )
The Robertson Trust 1,000 (1,000 ) -
Designated fund - (1,151 ) (1,151 )
6,000 (6,391 ) (391 )
TOTAL FUNDS 16,209 (11,401 ) 4,808

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.9.21 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 74,714 4,768 79,482

Restricted funds
Corra Foundation 872 (872 ) -
Designated fund 35,817 (2,253 ) 33,564
36,689 (3,125 ) 33,564
TOTAL FUNDS 111,403 1,643 113,046

Burghead Amenities Association

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

8. MOVEMENT IN FUNDS - continued

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 17,110 (12,342 ) 4,768

Restricted funds
Arnold Clark Community Foundation Yr 1 2,500 (2,500 ) -
Arnold Clark Community Foundation Yr 2 2,500 (2,500 ) -
Corra Foundation - (872 ) (872 )
The Robertson Trust 1,500 (1,500 ) -
Designated fund - (2,253 ) (2,253 )
Bank of Scotland 1,500 (1,500 ) -
8,000 (11,125 ) (3,125 )
TOTAL FUNDS 25,110 (23,467 ) 1,643

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2023.