IRIS Accounts Production v24.1.0.578 Other Company accounts True false Pounds 1.11.22 31.10.23 31.10.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2742762022-10-31SC2742762023-10-31SC2742762022-11-012023-10-31SC2742762021-10-31SC2742762021-11-012022-10-31SC2742762022-10-31SC274276ns0:CharitableCompanyLimitedByGuarantee2022-11-012023-10-31SC274276ns15:PoundSterling2022-11-012023-10-31SC274276ns11:FRS1022022-11-012023-10-31SC274276ns11:IndependentExaminationCharity2022-11-012023-10-31SC274276ns11:SmallCompaniesRegimeForAccounts2022-11-012023-10-31SC274276ns11:FullAccounts2022-11-012023-10-31SC274276ns11:CharitiesSORP2022-11-012023-10-31SC274276ns16:EnglandWales2022-11-012023-10-31SC274276ns11:RegisteredOffice2022-11-012023-10-31SC274276ns0:Trustee22022-11-012023-10-31SC274276ns0:Trustee32022-11-012023-10-31SC274276ns0:Trustee42022-11-012023-10-31SC274276ns0:Trustee12022-11-012023-10-31SC274276ns0:Trustee52022-11-012023-10-31SC274276ns0:Trustee62022-11-012023-10-31SC274276ns0:Trustee72022-11-012023-10-31SC274276ns0:TotalUnrestrictedFunds2022-11-012023-10-31SC274276ns0:TotalRestrictedIncomeFunds2022-11-012023-10-31SC274276ns0:Activity82022-11-012023-10-31SC274276ns0:Activity8ns0:TotalUnrestrictedFunds2022-11-012023-10-31SC274276ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-11-012023-10-31SC274276ns0:Activity82021-11-012022-10-31SC274276ns0:TotalUnrestrictedFunds2022-10-31SC274276ns0:TotalRestrictedIncomeFunds2022-10-31SC274276ns0:TotalUnrestrictedFunds2023-10-31SC274276ns0:TotalRestrictedIncomeFunds2023-10-31SC274276ns10:WithinOneYear2023-10-31SC274276ns10:WithinOneYear2022-10-31SC27427612022-11-012023-10-31SC274276ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-11-012023-10-31SC274276ns10:PlantMachinery2022-11-012023-10-31SC274276ns10:FurnitureFittingsToolsEquipment2022-11-012023-10-31SC27427622022-11-012023-10-31SC27427632022-11-012023-10-31SC27427612022-11-012023-10-31SC27427612021-11-012022-10-31SC274276ns10:OwnedAssets2022-11-012023-10-31SC274276ns10:OwnedAssets2021-11-012022-10-31SC274276ns0:TotalUnrestrictedFunds2021-11-012022-10-31SC274276ns0:TotalRestrictedIncomeFunds2021-11-012022-10-31SC274276ns0:Activity8ns0:TotalUnrestrictedFunds2021-11-012022-10-31SC274276ns0:Activity8ns0:TotalRestrictedIncomeFunds2021-11-012022-10-31SC274276ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-10-31SC274276ns10:PlantMachinery2022-10-31SC274276ns10:FurnitureFittings2022-10-31SC274276ns10:FurnitureFittings2022-11-012023-10-31SC274276ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-10-31SC274276ns10:PlantMachinery2023-10-31SC274276ns10:FurnitureFittings2023-10-31SC274276ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-10-31SC274276ns10:PlantMachinery2022-10-31SC274276ns10:FurnitureFittings2022-10-31
REGISTERED COMPANY NUMBER: SC274276 (Scotland)
REGISTERED CHARITY NUMBER: 024876
























REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

NESS SPORTS AND RECREATION ASSOCIATION

NESS SPORTS AND RECREATION ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 17

NESS SPORTS AND RECREATION ASSOCIATION (REGISTERED NUMBER: SC274276)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 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 October 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
The main objective of the charity is to promote the benefit of the inhabitants of the Ness, Isle of Lewis and the surrounding area by advancing education and in the interests of social welfare to provide or assist in the provision of facilities for recreation and other leisure-time occupation so that the conditions of life of the aforementioned inhabitants may be improved.

Significant activities
The principal activity of the charity during the year under review was the management and administration of the 'Sporsnis' community facility at Lionel, Ness, Isle of Lewis and the production of the 20-page fortnightly community newspaper 'fios'. The two lane bowling alley, main sports hall, fitness room, softplay area and meeting rooms continue to be a good source of income. The newspaper in particular has boosted our funds with increased advertising.

Volunteers
As Sporsnis strives to be a successful, professionally run business, there continues to be less input from volunteers at reception but the charity relies heavily on volunteer mechanics to maintain the bowling machinery. We are also fortunate to have local skilled tradesmen who `fix` things free of charge. Some staff and directors continue to freely contribute their time and energy.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The economic downturn caused by global affairs such as the pandemic and the war in Ukraine coupled with the United Kingdom own economic domestic turmoil brought about a swift and significant increase in costs. From tradespeople to fuel, materials and equipment. Our costs rose rapidly from the cost of paper for Fios going up by over 60% to increases in cleaning products and services such as insurance.
This has necessitated a cost-saving drive that has seen us use cheaper paper to print Fios, move our insurers and reduce opening hours (staff time) in order to try to keep our own services as affordable as possible to our users.
Nonetheless we have increased some of our prices with Bowling increased by 50p a game and kids activities increased by £1 to £2.50 or £3.50.
With business development funding from the Galson Estate Trust we are in a process of developing a new website and training staff. We are also looking to take on the running of the swimming pool as well as the janitorial duties at the school, which will provide a new income stream.
A marketing push will accompany the website launch and an online booking system should improve uptake as clients can make their booking and pay directly through the website.
Having disconnected the auxiliary water pumps our energy use will be positively impacted to compliment the use of LED lighting and hopefully keep our energy bills to a minimum when the council get round to calculating our usage and start billing us.

Internal and external factors
The charity is now less dependent upon the support of public funding agencies to assist in the ongoing delivery of the aims and objectives of the organisation. The trustees are confident that the main objectives for the forthcoming year will be achieved.

FINANCIAL REVIEW
Principal funding sources
In addition to the funds raised through membership subscriptions, admissions and sale of the newspaper, the charity is partially dependent on grants, donations and fundraising to fund its operational costs. Full details of the charity's principal funding sources are included in the notes to the financial statements.


NESS SPORTS AND RECREATION ASSOCIATION (REGISTERED NUMBER: SC274276)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2023


FINANCIAL REVIEW
Investment policy and objectives
The charity's reserves are maintained in bank accounts as the current level of reserves are required to meet the Association's short term operational requirements.

Reserves policy
The General fund and Designated fund represents the unrestricted funds from past operating results. It also represents the free reserves of the charity. The cost of the Sporsnis facility is funded by the income generated from the use of the facilities, fundraising activities and public grants. The trustees consider that the level of unrestricted reserves held at 31 October 2023, which equates to approximately four months operating expenditure, is sufficient to meet the day to day activities of the charity as presently structured. The trustees have transferred an amount of £40,000 to a Designated Contingency fund to assist with future operating, repair and restructuring costs.

During the year the charity's resources expended exceeded incoming resources resulting in net expenditure of £96,882 for the period (2022 - net expenditure of £54,722). This represents an decrease of £14,006 in unrestricted funds and a decrease of £82,876 in restricted funds. The unrestricted general fund has as a result decreased to
£50,593.

The decrease in restricted funds relates mainly to the depreciation charge for the year charged to restricted funds in respect of the Sporsnis community facility, equipment and fittings. The restricted Sports Centre and Equipment funds represent the funds raised to assist with the building of the community facility and the purchase of equipment and fittings and are utilised to fund the future depreciation of the capital expenditure.

FUTURE PLANS
We hope to build a large steel shed to replace the steel containers that we currently use for storage. The shed will store our mountain bikes and have charging stations for our new fleet of 5 ebikes.
Th ebike community loan scheme will enable local residents to borrow the bikes and hopefully reduce their dependence on cars.
We are looking forward to getting the school swimming pool under our management, we plan to run aqua aerobics classes, swimming lessons, kayaking lessons as well as open swimming sessions.
As a business we are hopeful that soon our income will exceed expenditure and allow us to build up reserves and secure our future.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Association is a charitable company limited by guarantee, incorporated on 6 October 2004. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law.

Under the terms of the Memorandum and Articles of Association the Elected Directors are appointed by the members at the Annual General Meeting. One third of the Elected Directors must retire by rotation at each Annual General Meeting.

The Board may also invite any Nominated Member of the company to nominate representatives to be appointed as Nominated Directors. Nominated Directors do not require to retire by rotation.

Organisational structure
The board consists of voluntary directors who manage the affairs of the charity through regular board meetings. The charity has reviewed its internal operational structure to assist in the effective management of the organisation. Since November 2011 a manager has been place to deal with day to day operations. The charity has two full time employee and twelve part time employees who assist with running the centre and the bi weekly newspaper.


NESS SPORTS AND RECREATION ASSOCIATION (REGISTERED NUMBER: SC274276)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
The charity undertakes training for trustees to ensure awareness and understanding of:-
- the responsibilities of directors;
- the organisational structure of the charity;
- the financial position of the charity; and
- the future plans and objectives of the charity.

Wider network
The charity has established links with other organisations and agencies to foster the aims and objectives of the organisation.

Related parties
The charity's wholly owned subsidiary company, Sporsnis Limited, which was a non-trading/dormant company, was dissolved during the year.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC274276 (Scotland)

Registered Charity number
024876

Registered office
Sporsnis
Lionel
Port of Ness
Isle of Lewis
HS2 0XB

Trustees
R Morrison
V M Russell
A Morrison (resigned 17.1.24)
O L Van Voorst
A Macleod
J Murray
I M Graham (resigned 17.1.24)

Independent Examiner
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

Bankers
The Co-operative Bank plc
1 Balloon Street
Manchester
M60 4EP


NESS SPORTS AND RECREATION ASSOCIATION (REGISTERED NUMBER: SC274276)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2023


This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 13 June 2024 and signed on its behalf by:





O L Van Voorst - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
NESS SPORTS AND RECREATION ASSOCIATION



I report on the accounts for the year ended 31 October 2023 set out on pages six to seventeen.

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.








Calum Macdonald BA CA
The Institute of Chartered Accountants of Scotland

CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

13 June 2024

NESS SPORTS AND RECREATION ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 OCTOBER 2023

31.10.23 31.10.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 3,131 - 3,131 12,815

Charitable activities 3
Charitable activities 150,760 - 150,760 175,381
Total 153,891 - 153,891 188,196

EXPENDITURE ON
Raising funds 14,571 - 14,571 10,992

Charitable activities
Charitable activities 153,326 82,876 236,202 231,926
Total 167,897 82,876 250,773 242,918

Net gains/(losses) on investments - - - (2 )

NET INCOME/(EXPENDITURE) (14,006 ) (82,876 ) (96,882 ) (54,724 )


RECONCILIATION OF FUNDS
Total funds brought forward 64,599 742,241 806,840 861,564

TOTAL FUNDS CARRIED FORWARD 50,593 659,365 709,958 806,840

NESS SPORTS AND RECREATION ASSOCIATION (REGISTERED NUMBER: SC274276)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 8 677,326 756,880

CURRENT ASSETS
Debtors 9 2,151 6,978
Cash at bank 38,462 48,677
40,613 55,655

CREDITORS
Amounts falling due within one year 10 (7,981 ) (5,695 )

NET CURRENT ASSETS 32,632 49,960

TOTAL ASSETS LESS CURRENT LIABILITIES 709,958 806,840

NET ASSETS 709,958 806,840
FUNDS 12
Unrestricted funds:
General fund 30,593 24,599
Designated Contingency fund 20,000 40,000
50,593 64,599
Restricted funds 659,365 742,241
TOTAL FUNDS 709,958 806,840

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


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


NESS SPORTS AND RECREATION ASSOCIATION (REGISTERED NUMBER: SC274276)

BALANCE SHEET - continued
31 OCTOBER 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 13 June 2024 and were signed on its behalf by:





O L Van Voorst - Trustee

NESS SPORTS AND RECREATION ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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, with the exception of investments which are included at market value.

These accounts are prepared in pound sterling which is the functional currency of the charity and are rounded to the nearest £.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements
The financial statements contain information about Ness Sports and Recreation Association as an individual charity and do not contain consolidated financial information as the parent of a group. The charity has taken the option under Section 398 of the Companies Act 2006 and Regulation 6 of the Charities Accounts (Scotland) Regulations 2006 not to prepare consolidated financial statements as the charity and its subsidiary, Sporsnis Limited, qualify as a small group and the gross income of the group is below the charities group accounts preparation threshold.

Critical accounting judgements and key sources of estimation uncertainty
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year relate to the useful economic lives and residual values of tangible fixed assets.

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. They are amended when necessary to reflect current estimates, future investment, economic utilisation and the physical condition of the assets. Details of the values of tangible fixed assets are included in the notes to the financial statements..

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.

Grants generated to support the objects of the charity and without further specified purpose are taken to the Statement of Financial Activities in that period. Grants received which are related to capital expenditure or are for a specified purpose are transferred to Restricted Funds and are utilised to fund the future depreciation of the related capital expenditure or fund the costs relating to the specified purpose.

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.


NESS SPORTS AND RECREATION ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


1. ACCOUNTING POLICIES - continued

Raising funds
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of fundraising activities.

Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its objects and activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. The allocation of direct and support costs are analysed in the notes to the financial statements.

Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity.

Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. estimated usage.

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


Buildings - 4% on cost
Bowling equipment - 10% on cost
Equipment and fittings - 20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £100 are not capitalised.

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.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Investments
Fixed asset investments in group undertakings are stated at cost less accumulated provision.

NESS SPORTS AND RECREATION ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. DONATIONS AND LEGACIES
31.10.23 31.10.22
£    £   
Donations 3,131 12,815

3. INCOME FROM CHARITABLE ACTIVITIES
31.10.23 31.10.22
Activity £    £   
Shop Income Charitable activities 7,485 5,841
Newsletter income Charitable activities 38,653 39,119
Rental income Charitable activities 17,142 5,974
Hall hires Charitable activities 22,785 25,766
Grants Charitable activities 17,650 53,907
Membership fees Charitable activities 4,337 3,626
Sports and fitness income Charitable activities 3,700 6,069
Bowling income Charitable activities 22,403 20,452
Employment Allowance Charitable activities 4,145 3,427
Showers/waste disposal
income


Charitable activities

4,224

7,682
Printing income Charitable activities 176 580
Renewables income Charitable activities 8,060 2,938
150,760 175,381

Grants received, included in the above, are as follows:
31.10.23 31.10.22
£    £   
Highlands and Islands Enterprise - 14,749
Comhairle nan Eilean Siar 700 16,150
Lewis and Harris Sports Council 450 -
Urras Oighreachd Ghabhsainn 14,500 3,000
Calmac Communities Fund 2,000 -
Western Isles Development Trust - 800
NHS Western isles - 14,208
Inspiring Scotland - 5,000
17,650 53,907

4. NET INCOME/(EXPENDITURE)

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

31.10.23 31.10.22
£    £   
Depreciation - owned assets 82,455 74,888


NESS SPORTS AND RECREATION ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.


6. STAFF COSTS
31.10.23 31.10.22
£    £   
Wages and salaries 109,183 103,424
Social security costs 4,145 3,427
Other pension costs 979 814
114,307 107,665

The average monthly number of employees during the year was as follows:

31.10.23 31.10.22
Charitable activities 11 12

No employees received emoluments in excess of £60,000.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 12,815 - 12,815

Charitable activities
Charitable activities 157,632 17,749 175,381
Total 170,447 17,749 188,196

EXPENDITURE ON
Raising funds 10,992 - 10,992

Charitable activities
Charitable activities 142,752 89,174 231,926
Total 153,744 89,174 242,918

Net gains/(losses) on investments (2 ) - (2 )

NET INCOME/(EXPENDITURE) 16,701 (71,425 ) (54,724 )


NESS SPORTS AND RECREATION ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£    £    £   

RECONCILIATION OF FUNDS
Total funds brought forward 47,898 813,666 861,564

TOTAL FUNDS CARRIED FORWARD 64,599 742,241 806,840

8. TANGIBLE FIXED ASSETS
Equipment
Bowling and
Buildings equipment fittings Totals
£    £    £    £   
COST
At 1 November 2022 1,722,026 118,756 169,726 2,010,508
Additions - - 2,901 2,901
At 31 October 2023 1,722,026 118,756 172,627 2,013,409
DEPRECIATION
At 1 November 2022 1,031,276 94,437 127,915 1,253,628
Charge for year 68,880 2,930 10,645 82,455
At 31 October 2023 1,100,156 97,367 138,560 1,336,083
NET BOOK VALUE
At 31 October 2023 621,870 21,389 34,067 677,326
At 31 October 2022 690,750 24,319 41,811 756,880

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 1,739 4,000
Other debtors - 2,566
Prepayments and accrued income 412 412
2,151 6,978


NESS SPORTS AND RECREATION ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 2,576 979
Social security and other taxes 1,368 -
VAT 2,275 3,510
Other creditors 590 195
Accrued expenses 1,172 1,011
7,981 5,695

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.10.23 31.10.22
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Fixed assets 17,961 659,365 677,326 756,880
Current assets 40,613 - 40,613 55,655
Current liabilities (7,981 ) - (7,981 ) (5,695 )
50,593 659,365 709,958 806,840

12. MOVEMENT IN FUNDS
Net Transfers
At movement between At
1.11.22 in funds funds 31.10.23
£    £    £    £   
Unrestricted funds
General fund 24,599 (14,006 ) 20,000 30,593
Designated Contingency fund 40,000 - (20,000 ) 20,000
64,599 (14,006 ) - 50,593
Restricted funds
Revenue Grants fund 4,145 (4,145 ) - -
Equipment fund 47,346 (9,851 ) - 37,495
Sports Centre fund 690,750 (68,880 ) - 621,870
742,241 (82,876 ) - 659,365
TOTAL FUNDS 806,840 (96,882 ) - 709,958

NESS SPORTS AND RECREATION ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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 153,891 (167,897 ) (14,006 )

Restricted funds
Revenue Grants fund - (4,145 ) (4,145 )
Equipment fund - (9,851 ) (9,851 )
Sports Centre fund - (68,880 ) (68,880 )
- (82,876 ) (82,876 )
TOTAL FUNDS 153,891 (250,773 ) (96,882 )


Comparatives for movement in funds

Net
At movement At
1.11.21 in funds 31.10.22
£    £    £   
Unrestricted funds
General fund 7,898 16,701 24,599
Designated Contingency fund 40,000 - 40,000
47,898 16,701 64,599
Restricted funds
Revenue Grants fund 2,014 2,131 4,145
Equipment fund 52,022 (4,676 ) 47,346
Sports Centre fund 759,630 (68,880 ) 690,750
813,666 (71,425 ) 742,241
TOTAL FUNDS 861,564 (54,724 ) 806,840

NESS SPORTS AND RECREATION ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


12. MOVEMENT IN FUNDS - continued

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 170,447 (153,744 ) (2 ) 16,701

Restricted funds
Revenue Grants fund 17,749 (15,618 ) - 2,131
Equipment fund - (4,676 ) - (4,676 )
Sports Centre fund - (68,880 ) - (68,880 )
17,749 (89,174 ) - (71,425 )
TOTAL FUNDS 188,196 (242,918 ) (2 ) (54,724 )

FUNDS

General fund
The general fund represents unrestricted funds which the trustees are free to use in accordance with the charitable objects.

Designated Contingency fund
This represents unrestricted funds designated by the trustees to assist with future operating, repair and restructuring costs. There was a transfer of £20,000 from this fund to general fund during the year ended 31 October 2023 to assist with the charity's costs during that year.

Revenue Grants fund
This represents grants received from public funding agencies and trusts in respect of specified revenue costs.

Equipment fund
This represents the grants and donations received in respect of equipment purchased for use by the community. The funds are utilised to fund the future depreciation of the capital expenditure.

Sports Centre fund
This represents the funds raised from various organisations to assist in the building of a multi-purpose community facility. The funds are utilised to fund the future depreciation of the capital expenditure.

13. RELATED PARTY DISCLOSURES

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


NESS SPORTS AND RECREATION ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


14. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. The liability of each member in the event of the company being wound up is restricted to £1.

15. PERMANENT ENDOWMENTS

The charity does not have any permanent endowments.