IRIS Accounts Production v24.1.9.2 Other Company accounts True false Pounds 1.10.22 30.9.23 30.9.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1868162022-09-30SC1868162023-09-30SC1868162022-10-012023-09-30SC1868162021-09-30SC1868162021-10-012022-09-30SC1868162022-09-30SC186816ns0:CharitableCompanyLimitedByGuarantee2022-10-012023-09-30SC186816ns15:PoundSterling2022-10-012023-09-30SC186816ns11:FRS1022022-10-012023-09-30SC186816ns11:IndependentExaminationCharity2022-10-012023-09-30SC186816ns11:SmallCompaniesRegimeForAccounts2022-10-012023-09-30SC186816ns11:FullAccounts2022-10-012023-09-30SC186816ns11:CharitiesSORP2022-10-012023-09-30SC186816ns16:EnglandWales2022-10-012023-09-30SC186816ns11:RegisteredOffice2022-10-012023-09-30SC186816ns0:Trustee12022-10-012023-09-30SC186816ns0:Trustee22022-10-012023-09-30SC186816ns0:Trustee32022-10-012023-09-30SC186816ns0:Trustee42022-10-012023-09-30SC186816ns0:Trustee52022-10-012023-09-30SC186816ns0:Trustee62022-10-012023-09-30SC186816ns0:Trustee72022-10-012023-09-30SC186816ns0:Trustee82022-10-012023-09-30SC186816ns0:Trustee92022-10-012023-09-30SC186816ns0:Trustee102022-10-012023-09-30SC186816ns0:Trustee112022-10-012023-09-30SC186816ns11:CompanySecretary12022-10-012023-09-30SC186816ns0:Activity92022-10-012023-09-30SC186816ns0:Activity92021-10-012022-09-30SC186816ns10:WithinOneYear2023-09-30SC186816ns10:WithinOneYear2022-09-30SC186816ns0:TotalUnrestrictedFunds2023-09-30SC18681622022-10-012023-09-30SC18681612022-10-012023-09-30SC18681612021-10-012022-09-30SC186816ns10:OwnedAssets2022-10-012023-09-30SC186816ns10:OwnedAssets2021-10-012022-09-30SC186816ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-09-30SC186816ns10:PlantMachinery2022-09-30SC186816ns10:FurnitureFittings2022-09-30SC186816ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-10-012023-09-30SC186816ns10:PlantMachinery2022-10-012023-09-30SC186816ns10:FurnitureFittings2022-10-012023-09-30SC186816ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-09-30SC186816ns10:PlantMachinery2023-09-30SC186816ns10:FurnitureFittings2023-09-30SC186816ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-09-30SC186816ns10:PlantMachinery2022-09-30SC186816ns10:FurnitureFittings2022-09-30
REGISTERED COMPANY NUMBER: SC186816 (Scotland)
REGISTERED CHARITY NUMBER: 046030














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 September 2023

for

Oldmeldrum Sports Committee

Oldmeldrum Sports Committee






Contents of the Financial Statements
for the Year Ended 30 September 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

Oldmeldrum Sports Committee (Registered number: SC186816)

Report of the Trustees
for the Year Ended 30 September 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 30 September 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).

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
SC186816 (Scotland)

Registered Charity number
046030

Registered office
The Lonnon
Gas Street
Oldmeldrum
Inverurie
Aberdeenshire
AB51 0GB

Trustees
S G Mckenzie
G R Forsyth
A G Davidson
C J Davidson
Mrs D K Forsyth
K Grant
J W Hay
D W Petrie
N A Webster
K Walker
I A Gordon Electrician

Company Secretary

Independent Examiner
Susan Gray
Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

Approved by order of the board of trustees on 31 January 2024 and signed on its behalf by:



Oldmeldrum Sports Committee (Registered number: SC186816)

Report of the Trustees
for the Year Ended 30 September 2023




G R Forsyth - Trustee

Independent Examiner's Report to the Trustees of
Oldmeldrum Sports Committee

I report on the accounts for the year ended 30 September 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.








Susan Gray
The Chartered Institute of Management Accountants

Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

Date: .............................................

Oldmeldrum Sports Committee

Statement of Financial Activities
for the Year Ended 30 September 2023

30.9.23 30.9.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,546 1,630

Other trading activities 2 60,736 54,742
Investment income 3 1,150 1,125
Total 63,432 57,497

EXPENDITURE ON
Raising funds 4 60,465 59,909

Charitable activities
Donations 3,950 2,000
Total 64,415 61,909

NET INCOME/(EXPENDITURE) (983 ) (4,412 )


RECONCILIATION OF FUNDS
Total funds brought forward 197,080 201,492

TOTAL FUNDS CARRIED FORWARD 196,097 197,080

Oldmeldrum Sports Committee (Registered number: SC186816)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 8 132,203 136,392

CURRENT ASSETS
Cash at bank 63,893 63,777

CREDITORS
Amounts falling due within one year 9 1 (3,089 )

NET CURRENT ASSETS 63,894 60,688

TOTAL ASSETS LESS CURRENT
LIABILITIES

196,097

197,080

NET ASSETS 196,097 197,080
FUNDS 10
Unrestricted funds 196,097 197,080
TOTAL FUNDS 196,097 197,080

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.


Oldmeldrum Sports Committee (Registered number: SC186816)

Balance Sheet - continued
30 September 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 31 January 2024 and were signed on its behalf by:





S G Mckenzie - Trustee

Oldmeldrum Sports Committee

Notes to the Financial Statements
for the Year Ended 30 September 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



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.


Oldmeldrum Sports Committee

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. OTHER TRADING ACTIVITIES
30.9.23 30.9.22
£    £   
Disco / Dance 10,888 12,988
Gates & Ring 12,301 11,203
Sponsorships 3,310 2,375
Programme Adverts 1,800 1,600
Bonfire & Ceilidh 2,687 -
Bar Sales 20,867 19,300
Raffles & Auction 3,590 3,590
Fun Run 149 251
Sundry Receipts 5,144 3,435
60,736 54,742

3. INVESTMENT INCOME
30.9.23 30.9.22
£    £   
Rents received 1,150 1,010
Deposit account interest - 115
1,150 1,125

4. RAISING FUNDS

Investment management costs
30.9.23 30.9.22
£    £   
Property repairs - 96

5. NET INCOME/(EXPENDITURE)

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

30.9.23 30.9.22
£    £   
Depreciation - owned assets 4,189 4,362


Oldmeldrum Sports Committee

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022.


7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,630

Other trading activities 54,742
Investment income 1,125
Total 57,497

EXPENDITURE ON
Raising funds 59,909

Charitable activities
Donations 2,000
Total 61,909

NET INCOME/(EXPENDITURE) (4,412 )


RECONCILIATION OF FUNDS
Total funds brought forward 201,492

TOTAL FUNDS CARRIED FORWARD 197,080


Oldmeldrum Sports Committee

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 October 2022 and 30 September 2023 160,648 28,951 13,524 203,123
DEPRECIATION
At 1 October 2022 30,765 28,227 7,739 66,731
Charge for year 3,213 109 867 4,189
At 30 September 2023 33,978 28,336 8,606 70,920
NET BOOK VALUE
At 30 September 2023 126,670 615 4,918 132,203
At 30 September 2022 129,883 724 5,785 136,392

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors (1 ) (1 )
Accrued expenses - 3,090
(1 ) 3,089

10. MOVEMENT IN FUNDS
Net
At movement At
1.10.22 in funds 30.9.23
£    £    £   
Unrestricted funds
General fund 197,080 (983 ) 196,097

TOTAL FUNDS 197,080 (983 ) 196,097

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 63,432 (64,415 ) (983 )

TOTAL FUNDS 63,432 (64,415 ) (983 )


Oldmeldrum Sports Committee

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1.10.21 in funds 30.9.22
£    £    £   
Unrestricted funds
General fund 201,492 (4,412 ) 197,080

TOTAL FUNDS 201,492 (4,412 ) 197,080

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 57,497 (61,909 ) (4,412 )

TOTAL FUNDS 57,497 (61,909 ) (4,412 )

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

Net
At movement At
1.10.21 in funds 30.9.23
£    £    £   
Unrestricted funds
General fund 201,492 (5,395 ) 196,097

TOTAL FUNDS 201,492 (5,395 ) 196,097

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 120,929 (126,324 ) (5,395 )

TOTAL FUNDS 120,929 (126,324 ) (5,395 )

Oldmeldrum Sports Committee

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2023.