IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.12.22 30.11.23 30.11.23 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:kWhSC2258582022-11-30SC2258582023-11-30SC2258582022-12-012023-11-30SC2258582021-11-30SC2258582021-12-012022-11-30SC2258582022-11-30SC225858ns0:CharitableCompanyLimitedByGuarantee2022-12-012023-11-30SC225858ns15:PoundSterling2022-12-012023-11-30SC225858ns11:FRS1022022-12-012023-11-30SC225858ns11:IndependentExaminationCharity2022-12-012023-11-30SC225858ns11:SmallCompaniesRegimeForAccounts2022-12-012023-11-30SC225858ns11:FullAccounts2022-12-012023-11-30SC225858ns11:CharitiesSORP2022-12-012023-11-30SC225858ns16:EnglandWales2022-12-012023-11-30SC225858ns11:RegisteredOffice2022-12-012023-11-30SC225858ns0:Trustee22022-12-012023-11-30SC225858ns0:Trustee32022-12-012023-11-30SC225858ns0:Trustee42022-12-012023-11-30SC225858ns0:Trustee52022-12-012023-11-30SC225858ns0:Trustee62022-12-012023-11-30SC225858ns0:Trustee72022-12-012023-11-30SC225858ns0:Trustee82022-12-012023-11-30SC225858ns0:Trustee92022-12-012023-11-30SC225858ns0:Trustee12022-12-012023-11-30SC225858ns0:Trustee102022-12-012023-11-30SC225858ns0:Trustee112022-12-012023-11-30SC225858ns0:Trustee122022-12-012023-11-30SC225858ns0:Trustee132022-12-012023-11-30SC225858ns0:Trustee142022-12-012023-11-30SC225858ns0:Trustee152022-12-012023-11-30SC225858ns0:Trustee162022-12-012023-11-30SC225858ns0:Trustee172022-12-012023-11-30SC225858ns0:TotalUnrestrictedFunds2022-12-012023-11-30SC225858ns0:TotalRestrictedIncomeFunds2022-12-012023-11-30SC225858ns0:Activity82022-12-012023-11-30SC225858ns0:Activity8ns0:TotalUnrestrictedFunds2022-12-012023-11-30SC225858ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-12-012023-11-30SC225858ns0:Activity82021-12-012022-11-30SC225858ns0:TotalUnrestrictedFunds2022-11-30SC225858ns0:TotalRestrictedIncomeFunds2022-11-30SC225858ns0:TotalUnrestrictedFunds2023-11-30SC225858ns0:TotalRestrictedIncomeFunds2023-11-30SC225858ns10:WithinOneYear2023-11-30SC225858ns10:WithinOneYear2022-11-30SC225858ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-12-012023-11-30SC225858ns10:LandBuildingsns10:LongLeaseholdAssets2022-12-012023-11-30SC225858ns10:FurnitureFittingsToolsEquipment2022-12-012023-11-30SC22585822022-12-012023-11-30SC22585812022-12-012023-11-30SC22585812021-12-012022-11-30SC225858ns10:OwnedAssets2022-12-012023-11-30SC225858ns10:OwnedAssets2021-12-012022-11-30SC225858ns0:TotalUnrestrictedFunds2021-12-012022-11-30SC225858ns0:TotalRestrictedIncomeFunds2021-12-012022-11-30SC225858ns0:Activity8ns0:TotalUnrestrictedFunds2021-12-012022-11-30SC225858ns0:Activity8ns0:TotalRestrictedIncomeFunds2021-12-012022-11-30SC225858ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-11-30SC225858ns10:LandBuildingsns10:LongLeaseholdAssets2022-11-30SC225858ns10:PlantMachinery2022-11-30SC225858ns10:PlantMachinery2022-12-012023-11-30SC225858ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-11-30SC225858ns10:LandBuildingsns10:LongLeaseholdAssets2023-11-30SC225858ns10:PlantMachinery2023-11-30SC225858ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-11-30SC225858ns10:LandBuildingsns10:LongLeaseholdAssets2022-11-30SC225858ns10:PlantMachinery2022-11-30SC225858ns10:FurnitureFittings2022-11-30SC225858ns10:ComputerEquipment2022-11-30SC225858ns10:FurnitureFittings2022-12-012023-11-30SC225858ns10:ComputerEquipment2022-12-012023-11-30SC225858ns10:FurnitureFittings2023-11-30SC225858ns10:ComputerEquipment2023-11-30SC225858ns10:FurnitureFittings2022-11-30SC225858ns10:ComputerEquipment2022-11-30
REGISTERED COMPANY NUMBER: SC225858 (Scotland)
REGISTERED CHARITY NUMBER: 010214
























REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

THE BREASCLETE COMMUNITY ASSOCIATION

THE BREASCLETE COMMUNITY ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 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 16

THE BREASCLETE COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC225858)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 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 November 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 objectives of the charity are:-
- to promote the benefit of the inhabitants of Breasclete and its environs by associating with the local statutory authorities, voluntary organisations and inhabitants in a common effort to advance education, to provide facilities, in the interest of social welfare for recreation and other leisure-time occupation so that their conditions of life may be improved; and
- to secure the establishment, maintenance and management of a Community Centre for activities promoted by the company and its members in furtherance of the above objects or any of them.

Significant activities
Continued to manage and maintain the community centre and it's environs and generate rental income from the hire of the centre's clubroom, games room, gym, main hall and kitchen facilities. The main source of rental income is from the local authority, Comhairle nan Eilean Siar, in respect of the hire of the community centre to Breasclete School.

Volunteers
The contribution of volunteers (including directors, members and individuals from the community) has been and continues to be, of immense benefit to the charity in establishing, maintaining and managing the Breasclete Community Centre.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the charity:-
- successfully organised and held 3 weddings in the community centre
- held a Hebridean Celtic Festival event
- held a New Year party
- held a Music Event
- held a Senior Citizens dinner
- continued to manage a new Flannen Isles Exhibition ;
- organised and staged the annual Fireworks display
- produced and distributed the annual Cuimhnich magazine
- produced and distributed the Association's newsletter highlighting past and future activities and events;
- continued to manage and maintain a community website and facebook page which highlights the Association's activities together with the activities of related community organisations.
- New recreation area officially opened
- Introduced an Online Hall Booking System
- Undertook Community First Aid sessions

Internal and external factors
The charity is partially dependent upon the continuing support of public funding agencies to assist in the ongoing delivery of the aims and objectives of the organisation.

FINANCIAL REVIEW
Principal funding sources
The charity is dependent on grants, donations, rental income and events income to fund its operational costs. Full details of the charity's principal funding sources are included in the notes to the financial statements.

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.


THE BREASCLETE COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC225858)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2023


FINANCIAL REVIEW
Reserves policy
The General fund represents the unrestricted funds from past operating results. It also represents the free reserves of the charity. The trustees consider that the level of free reserves at 30 November 2023 is sufficient to meet the charity's operational requirements given the ongoing rental and events income being received.

During the year the charity's outgoing resources exceeded incoming resources resulting in net expenditure of £33,950 for the period (2022 - net expenditure of £24,805). This represents an increase of £6,936 in unrestricted funds and a decrease of £40,886 in restricted funds.

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

FUTURE PLANS
The charity's main objectives for the forthcoming year include:-
- the ongoing management, maintenance and development of the community centre which will include the planning and preparation for 3 wedding receptions scheduled to be held at the centre during 2024;
- continuing to organise and stage fundraising and community events at the community centre
- Hosting of a concert as part of the 2024 Hebridean Celtic Festival
- Hosting of concerts to fund other charitable groups
- Refurbish the centre foyer
- Office space will be available for rent
- Provide additional cupboard space
- Purchase new gym equipment
- New fencing at Recreation area
- Organise and hold a local Triathlon event
- Fit new PA system
- Create a new boat slipway.
- Investigate purchase of electric vehicle for community use
- Investigate undertaking a Community Centre Energy appraisal

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Association is a charitable company limited by guarantee, incorporated on 30 November 2001 and registered as a charity with effect from 30 November 2001. 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 purpose of charity law.

Under the terms of the Memorandum and Articles of Association the Elected Directors are appointed by all the members at the Annual General Meeting. The Elected Directors retire annually at each Annual General Meeting but are eligible for re-election.

The Nominated Members of the charity are also entitled to appoint Nominated Directors to represent them on the board. The first Nominated Members are Croileagan Bhreascleit, Breasclete Junior Youth Club, Breasclete Senior Youth Club, Breasclete Campaigners, Stradagan Bhreascleit, Breasclete School Board, Comunn Eachdraidh Loch Rog an Ear, Breasclete Grazings Committee, Callanish Grazings Committee, Garynahine Grazings Committee, Linshader Grazings Committee and Lochganvich Grazings Committee.

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. The board members are heavily involved in the day to day operations of the charity.

THE BREASCLETE COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC225858)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 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.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC225858 (Scotland)

Registered Charity number
010214

Registered office
Breasclete Community Centre
Breasclete
Isle of Lewis
HS2 9ED

Trustees
K J Maclennan
A Smith (resigned 6.12.23)
A A Mackenzie
C M M Maclennan
E Macarthur
L Macdonald
N Macdonald (resigned 6.12.23)
G M Morrison
J Smith
D Mackenzie
A Macdonald
J Chisolm
C Mackenzie
D Smith (appointed 6.12.23)
E Mackay (resigned 6.12.23)
K Macdonald
S Mackenzie (resigned 6.12.23)

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


THE BREASCLETE COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC225858)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Royal Bank of Scotland
17 North Beach Street
Stornoway
Isle of Lewis
HS1 2XH

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 29 August 2024 and signed on its behalf by:





J Smith - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE BREASCLETE COMMUNITY ASSOCIATION



I report on the accounts for the year ended 30 November 2023 set out on pages six to sixteen.

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

29 August 2024

THE BREASCLETE COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 NOVEMBER 2023

30.11.23 30.11.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 1,744 - 1,744 2,582

Charitable activities 4
Community centre 39,404 - 39,404 58,847

Investment income 3 302 - 302 40
Total 41,450 - 41,450 61,469

EXPENDITURE ON
Charitable activities 5
Community centre 34,514 40,886 75,400 86,274

NET INCOME/(EXPENDITURE) 6,936 (40,886 ) (33,950 ) (24,805 )


RECONCILIATION OF FUNDS
Total funds brought forward 40,125 561,115 601,240 626,045

TOTAL FUNDS CARRIED FORWARD 47,061 520,229 567,290 601,240

THE BREASCLETE COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC225858)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 9 520,229 561,115

CURRENT ASSETS
Debtors 10 2,997 2,522
Cash at bank 48,360 40,267
51,357 42,789

CREDITORS
Amounts falling due within one year 11 (4,296 ) (2,664 )

NET CURRENT ASSETS 47,061 40,125

TOTAL ASSETS LESS CURRENT LIABILITIES 567,290 601,240

NET ASSETS 567,290 601,240
FUNDS 13
Unrestricted funds 47,061 40,125
Restricted funds 520,229 561,115
TOTAL FUNDS 567,290 601,240

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


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


THE BREASCLETE COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC225858)

BALANCE SHEET - continued
30 NOVEMBER 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 August 2024 and were signed on its behalf by:





J Smith - Trustee

THE BREASCLETE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 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.

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

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.

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 accountancy 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.

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 - 2% on cost
Playarea - 10% on cost
Fixtures 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.

THE BREASCLETE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. ACCOUNTING POLICIES - continued

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.

2. DONATIONS AND LEGACIES
30.11.23 30.11.22
£    £   
Donations 1,744 2,582

3. INVESTMENT INCOME
30.11.23 30.11.22
£    £   
Bank account interest 302 40

All investment income arises from assets held within the UK.

4. INCOME FROM CHARITABLE ACTIVITIES
30.11.23 30.11.22
Activity £    £   
Rental Income Community centre 14,245 6,561
Hall Hires Community centre 3,772 2,198
Grants Community centre 700 36,128
Events Community centre 19,417 12,602
Other Income Community centre - 1,018
Gym Membership Fees Community centre 1,270 340
39,404 58,847

Grants received, included in the above, are as follows:
30.11.23 30.11.22
£    £   
WI NHS - 5,700
Comhairle nan Eilean Siar - CCGF 700 -
Highlands and Islands Enterprise - 8,322
Western Isles Development Trust - 1,000
Inspiring Scotland - Healthy Island Fund - 21,106
700 36,128


THE BREASCLETE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs costs Totals
£    £    £   
Community centre 74,268 1,132 75,400

6. NET INCOME/(EXPENDITURE)

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

30.11.23 30.11.22
£    £   
Depreciation - owned assets 40,886 41,130

7. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,582 - 2,582

Charitable activities
Community centre 29,419 29,428 58,847

Investment income 40 - 40
Total 32,041 29,428 61,469

EXPENDITURE ON
Charitable activities
Community centre 33,488 52,786 86,274

NET INCOME/(EXPENDITURE) (1,447 ) (23,358 ) (24,805 )
Transfers between funds 40,769 (40,769 ) -
Net movement in funds 39,322 (64,127 ) (24,805 )

RECONCILIATION OF FUNDS
Total funds brought forward 803 625,242 626,045


THE BREASCLETE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£    £    £   
TOTAL FUNDS CARRIED FORWARD 40,125 561,115 601,240

9. TANGIBLE FIXED ASSETS
Plant and
Buildings Playarea machinery
£    £    £   
COST
At 1 December 2022 and 30 November 2023 733,763 183,696 17,772
DEPRECIATION
At 1 December 2022 257,785 118,397 4,443
Charge for year 14,674 18,479 4,443
At 30 November 2023 272,459 136,876 8,886
NET BOOK VALUE
At 30 November 2023 461,304 46,820 8,886
At 30 November 2022 475,978 65,299 13,329

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 and 30 November 2023 174,859 1,579 1,111,669
DEPRECIATION
At 1 December 2022 168,604 1,325 550,554
Charge for year 3,036 254 40,886
At 30 November 2023 171,640 1,579 591,440
NET BOOK VALUE
At 30 November 2023 3,219 - 520,229
At 30 November 2022 6,255 254 561,115


THE BREASCLETE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 2,500 2,000
Prepayments and accrued income 497 522
2,997 2,522

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 2,816 -
Other creditors 500 -
Accrued expenses 980 2,664
4,296 2,664

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
30.11.23 30.11.22
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Fixed assets - 520,229 520,229 561,115
Current assets 51,357 - 51,357 42,789
Current liabilities (4,296 ) - (4,296 ) (2,664 )
47,061 520,229 567,290 601,240

13. MOVEMENT IN FUNDS
Net
At movement At
1.12.22 in funds 30.11.23
£    £    £   
Unrestricted funds
General fund 40,046 6,936 46,982
Library fund 79 - 79
40,125 6,936 47,061
Restricted funds
Equipment fund 19,838 (7,733 ) 12,105
Playarea fund 65,299 (18,479 ) 46,820
Community Centre fund 475,978 (14,674 ) 461,304
561,115 (40,886 ) 520,229
TOTAL FUNDS 601,240 (33,950 ) 567,290

THE BREASCLETE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


13. 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 41,450 (34,514 ) 6,936

Restricted funds
Equipment fund - (7,733 ) (7,733 )
Playarea fund - (18,479 ) (18,479 )
Community Centre fund - (14,674 ) (14,674 )
- (40,886 ) (40,886 )
TOTAL FUNDS 41,450 (75,400 ) (33,950 )


Comparatives for movement in funds

Net Transfers
At movement between At
1.12.21 in funds funds 30.11.22
£    £    £    £   
Unrestricted funds
General fund 724 (1,447 ) 40,769 40,046
Library fund 79 - - 79
803 (1,447 ) 40,769 40,125
Restricted funds
Equipment fund 212 10,046 9,580 19,838
Playarea fund 134,378 (18,730 ) (50,349 ) 65,299
Community Centre fund 490,652 (14,674 ) - 475,978
625,242 (23,358 ) (40,769 ) 561,115
TOTAL FUNDS 626,045 (24,805 ) - 601,240

THE BREASCLETE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


13. 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 32,041 (33,488 ) (1,447 )

Restricted funds
Projects fund 11,656 (11,656 ) -
Equipment fund 17,772 (7,726 ) 10,046
Playarea fund - (18,730 ) (18,730 )
Community Centre fund - (14,674 ) (14,674 )
29,428 (52,786 ) (23,358 )
TOTAL FUNDS 61,469 (86,274 ) (24,805 )

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

Projects fund
This represents grants received from public funding agencies and trusts to assist with specified revenue and project costs.

Equipment fund
This represents grants and donations received from public funding agencies and trusts, and funds set aside by the charity, to assist with the purchase of equipment, fixtures and fittings. The funds are utilised to fund the future depreciation of the capital expenditure.

Playarea fund
This represents grants received from public funding agencies and trusts, and funds set aside by the charity, to assist with the construction of a playarea and eco-garden. The funds are utilised to fund the future depreciation of the capital expenditure.

Community Centre fund
This represents the funds originally raised from various organisations to assist in the building of the community centre together with the grants and donations received from public funding agencies and trusts, and funds set aside by the charity, to assist with the building of an extension to the centre and the purchase of fixtures and fittings. The funds are utilised to fund the future depreciation of the capital expenditure.


THE BREASCLETE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


14. CONTINGENT LIABILITIES

The National Lottery Charities Board have a standard security over the lease between Comhairle nan Eilean Siar dated 27 November and 3 December 2002 in respect of the plot of ground lying within the curtilage of Breasclete School, Breasclete, Isle of Lewis extending to 982 square metres in respect of all sums due, or to become due. This security is taken by the National Lottery Charities Board as part of the conditions of grant funding to allow clawback of grant should these conditions not be met.

A floating charge over the company's assets and undertakings, in respect of all sums due or to become due, has been granted to The Royal Bank of Scotland plc to secure bank borrowing.

15. RELATED PARTY DISCLOSURES

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

16. 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.

17. PERMANENT ENDOWMENTS

The charity does not have any permanent endowments.