IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.1.23 31.12.23 31.12.23 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:kWhSC1919782022-12-31SC1919782023-12-31SC1919782023-01-012023-12-31SC1919782021-12-31SC1919782022-01-012022-12-31SC1919782022-12-31SC191978ns0:CharitableCompanyLimitedByGuarantee2023-01-012023-12-31SC191978ns15:PoundSterling2023-01-012023-12-31SC191978ns11:FRS1022023-01-012023-12-31SC191978ns11:IndependentExaminationCharity2023-01-012023-12-31SC191978ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC191978ns11:FullAccounts2023-01-012023-12-31SC191978ns11:CharitiesSORP2023-01-012023-12-31SC191978ns16:EnglandWales2023-01-012023-12-31SC191978ns11:RegisteredOffice2023-01-012023-12-31SC191978ns0:Trustee22023-01-012023-12-31SC191978ns0:Trustee32023-01-012023-12-31SC191978ns0:Trustee12023-01-012023-12-31SC191978ns0:Trustee42023-01-012023-12-31SC191978ns0:Trustee52023-01-012023-12-31SC191978ns11:CompanySecretary12023-01-012023-12-31SC191978ns0:TotalUnrestrictedFunds2023-01-012023-12-31SC191978ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC191978ns0:Activity82023-01-012023-12-31SC191978ns0:TotalUnrestrictedFundsns0:Activity82023-01-012023-12-31SC191978ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC191978ns0:Activity82022-01-012022-12-31SC191978ns0:TotalUnrestrictedFunds2022-12-31SC191978ns0:TotalRestrictedIncomeFunds2022-12-31SC191978ns0:TotalUnrestrictedFunds2023-12-31SC191978ns0:TotalRestrictedIncomeFunds2023-12-31SC191978ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-12-31SC191978ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2023-12-31SC191978ns10:WithinOneYear2023-12-31SC191978ns10:WithinOneYear2022-12-31SC191978ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-01-012023-12-31SC191978ns10:PlantMachinery2023-01-012023-12-31SC191978ns10:FurnitureFittingsToolsEquipment2023-01-012023-12-31SC19197822023-01-012023-12-31SC19197812023-01-012023-12-31SC19197812022-01-012022-12-31SC191978ns10:OwnedAssets2023-01-012023-12-31SC191978ns10:OwnedAssets2022-01-012022-12-31SC191978ns0:TotalUnrestrictedFunds2022-01-012022-12-31SC191978ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC191978ns0:TotalUnrestrictedFundsns0:Activity82022-01-012022-12-31SC191978ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC191978ns10:OwnedOrFreeholdAssetsns10:LandBuildings2022-12-31SC191978ns10:PlantMachinery2022-12-31SC191978ns10:FurnitureFittings2022-12-31SC191978ns10:FurnitureFittings2023-01-012023-12-31SC191978ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-12-31SC191978ns10:PlantMachinery2023-12-31SC191978ns10:FurnitureFittings2023-12-31SC191978ns10:OwnedOrFreeholdAssetsns10:LandBuildings2022-12-31SC191978ns10:PlantMachinery2022-12-31SC191978ns10:FurnitureFittings2022-12-31
REGISTERED COMPANY NUMBER: SC191978 (Scotland)
REGISTERED CHARITY NUMBER: SC007513














Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 December 2023

for

The Grant Hall (Rothes) Limited

The Grant Hall (Rothes) Limited






Contents of the Financial Statements
For The Year Ended 31 December 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 11

The Grant Hall (Rothes) Limited (Registered number: SC191978)

Report of the Trustees
For The Year Ended 31 December 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 December 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 charity's objects are to preserve and conserve The Grant Hall, Rothes fro the benefit of the local community.

We have been happy with the progress the committee have made keeping the hall open over the last year.
They have continued to be busy raising money to continue the steady progress of reinvesting and improving the venue.

We had a major setback with the extortionate price charged by SSE for electric and had to get help from our MSP in an attempt to resolve the issue. We have had to pay thousands of pounds to them and we have eventually managed to change suppliers although SSE are continuing to be problematic as they will not give us a final invoice although we believe they may be owe us money.

We have had a couple of resignations due to people having other commitments and not having the time to invest in the hall over the year but the small hard working committee continues.

The roof repairs have still been on hold because of the money we have had to pay to SSE it has reduced our finances dramatically but we have still have plans to continue upgrading the venue by carrying out the major roof repairs, and refurbishing the Café/bar & toilets. We are also looking at getting all the paint work freshened up.

A new roller door has still to be fitted in the kitchen and look into insulation in several areas to help reduce running costs for the benefit of the people using the hall and the hall finances.

We look forward to next year where we will continue the journey.

The charity is dependent on the support of volunteers who provide approximately 45 hours unpaid service per week.

FINANCIAL REVIEW
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which are sufficient to cover management, administration and support costs for a period of six months. The charity's total income for the year was £33,251 with total expenditure for the year of £84,855..

The level of restricted funds held at the year end was £16,869.

The level of unrestricted funds held at the year end was £263,110.

The company has reviewed the major risks as identified by the trustees and has put in place procedures to
mitigate these.

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
SC191978 (Scotland)

Registered Charity number
SC007513


The Grant Hall (Rothes) Limited (Registered number: SC191978)

Report of the Trustees
For The Year Ended 31 December 2023

Registered office
46-48 New Street
Rothes
Aberlour
Moray
AB38 7BJ

Trustees
Ms D F Hampton (resigned 6.9.23)
Ms G Innes
D G H Johnston
N Slessor
Ms D Gray (appointed 6.9.23)

Company Secretary
Ms D Gray

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

Bankers
Virgin Money
161 Mid Street
Keith
Moray
AB55 5BL

Approved by order of the board of trustees on 12 September 2024 and signed on its behalf by:





D G H Johnston - Trustee

Independent Examiner's Report to the Trustees of
The Grant Hall (Rothes) Limited

I report on the accounts for the year ended 31 December 2023 set out on pages four to eleven.

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

12 September 2024

The Grant Hall (Rothes) Limited

Statement of Financial Activities
For The Year Ended 31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 176 3,000 3,176 22,432

Other trading activities 2 29,086 - 29,086 29,144
Investment income 3 989 - 989 58
Total 30,251 3,000 33,251 51,634

EXPENDITURE ON
Charitable activities
Hall Activities 79,332 5,523 84,855 42,160

NET INCOME/(EXPENDITURE) (49,081 ) (2,523 ) (51,604 ) 9,474


RECONCILIATION OF FUNDS
Total funds brought forward 312,191 19,392 331,583 322,109

TOTAL FUNDS CARRIED FORWARD 263,110 16,869 279,979 331,583

The Grant Hall (Rothes) Limited (Registered number: SC191978)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 263,180 - 263,180 270,909

CURRENT ASSETS
Debtors 8 1,543 1,423 2,966 4,309
Cash at bank and in hand 45 15,446 15,491 57,093
1,588 16,869 18,457 61,402

CREDITORS
Amounts falling due within one year 9 (1,658 ) - (1,658 ) (728 )

NET CURRENT ASSETS (70 ) 16,869 16,799 60,674

TOTAL ASSETS LESS CURRENT
LIABILITIES

263,110

16,869

279,979

331,583

NET ASSETS 263,110 16,869 279,979 331,583
FUNDS 10
Unrestricted funds 263,110 312,191
Restricted funds 16,869 19,392
TOTAL FUNDS 279,979 331,583

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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Grant Hall (Rothes) Limited (Registered number: SC191978)

Balance Sheet - continued
31 December 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 12 September 2024 and were signed on its behalf by:





D G H Johnston - Trustee

The Grant Hall (Rothes) Limited

Notes to the Financial Statements
For The Year Ended 31 December 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 - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% 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
31.12.23 31.12.22
£    £   
Fundraising events 11,592 9,857
Hall rents 17,494 19,287
29,086 29,144


The Grant Hall (Rothes) Limited

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

3. INVESTMENT INCOME
31.12.23 31.12.22
£    £   
Deposit account interest 989 58

4. NET INCOME/(EXPENDITURE)

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

31.12.23 31.12.22
£    £   
Depreciation - owned assets 7,729 8,246

5. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 19,432 3,000 22,432

Other trading activities 29,144 - 29,144
Investment income 58 - 58
Total 48,634 3,000 51,634

EXPENDITURE ON
Charitable activities
Hall Activities 42,160 - 42,160

NET INCOME 6,474 3,000 9,474


RECONCILIATION OF FUNDS
Total funds brought forward 305,717 16,392 322,109

TOTAL FUNDS CARRIED FORWARD 312,191 19,392 331,583

The Grant Hall (Rothes) Limited

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

7. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 and 31 December 2023 317,065 38,854 8,753 364,672
DEPRECIATION
At 1 January 2023 51,701 34,319 7,743 93,763
Charge for year 6,342 1,134 253 7,729
At 31 December 2023 58,043 35,453 7,996 101,492
NET BOOK VALUE
At 31 December 2023 259,022 3,401 757 263,180
At 31 December 2022 265,364 4,535 1,010 270,909

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,497 4,163
Prepayments 469 146
2,966 4,309

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 158 -
Accrued expenses 1,500 728
1,658 728

10. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 312,191 (49,081 ) 263,110

Restricted funds
Moray Council Town Centre Fund 16,392 (2,523 ) 13,869
Rothes Council Windfarm 3,000 - 3,000
19,392 (2,523 ) 16,869
TOTAL FUNDS 331,583 (51,604 ) 279,979

The Grant Hall (Rothes) Limited

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

10. 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 30,251 (79,332 ) (49,081 )

Restricted funds
Moray Council Town Centre Fund - (2,523 ) (2,523 )
Rothes Council Windfarm 3,000 (3,000 ) -
3,000 (5,523 ) (2,523 )
TOTAL FUNDS 33,251 (84,855 ) (51,604 )


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 305,717 6,474 312,191

Restricted funds
Moray Council Town Centre Fund 16,392 - 16,392
Rothes Council Windfarm - 3,000 3,000
16,392 3,000 19,392
TOTAL FUNDS 322,109 9,474 331,583

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 48,634 (42,160 ) 6,474

Restricted funds
Rothes Council Windfarm 3,000 - 3,000

TOTAL FUNDS 51,634 (42,160 ) 9,474

The Grant Hall (Rothes) Limited

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

10. MOVEMENT IN FUNDS - continued

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

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 305,717 (42,607 ) 263,110

Restricted funds
Moray Council Town Centre Fund 16,392 (2,523 ) 13,869
Rothes Council Windfarm - 3,000 3,000
16,392 477 16,869
TOTAL FUNDS 322,109 (42,130 ) 279,979

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 78,885 (121,492 ) (42,607 )

Restricted funds
Moray Council Town Centre Fund - (2,523 ) (2,523 )
Rothes Council Windfarm 6,000 (3,000 ) 3,000
6,000 (5,523 ) 477
TOTAL FUNDS 84,885 (127,015 ) (42,130 )

11. RELATED PARTY DISCLOSURES

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