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REGISTERED COMPANY NUMBER: SC392132 (Scotland)
REGISTERED CHARITY NUMBER: SCO42495














Report of the Trustees and

Unaudited Financial Statements For The Year Ended 29th January 2024

for

NEWTONMORE VILLAGE HALL

NEWTONMORE VILLAGE HALL






Contents of the Financial Statements
For The Year Ended 29th January 2024




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

NEWTONMORE VILLAGE HALL (REGISTERED NUMBER: SC392132)

Report of the Trustees
For The Year Ended 29th January 2024


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 29th January 2024. 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 principle objectives of the company are:
1. To promote the provision of recreational facilities and a meeting place for Community residents .
2. To provide maintenance and management of the Hall for the furtherance of the above objectives.

Significant activities
The main activity is the general day to day management and maintenance of the hall.

Achievement and performance
Charitable activities
We are managing to promote the main aims and objectives of the Hall. Last year we held the Scottish Orchestra, Ceilidhs and individual performers. In the coming year we are going to have to focus on heating for the hall and how it is provided.

Financial review
Reserves policy
The trustees consider that the level of reserves is sufficient to enable the company to operate for the foreseeable future.

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.

The limited company was incorporated on 25 January 2011 as a result of a change to an Incorporated Charity limited by guarantee application by the management committee of Newtonmore Village Hall. The company was founded by Constitution and is run by a Committee which meets on a regular basis.The members of the Committee, who are Trustees for the purpose of Charity Law, are listed on page 1. All funds transferred from the Unincorporated Village Hall have been included as donations received.The company took over the day to day running of the hall as from 14th August 2018.

Recruitment and appointment of new trustees
Trustees are elected annually at the AGM for a period of one year but are eligible to be reappointed.

Reference and administrative details
Registered Company number
SC392132 (Scotland)

Registered Charity number
SCO42495

Registered office
c/o The Post office
Main Street
Newtonmore
Invernsss-shire
PH20 1DA


NEWTONMORE VILLAGE HALL (REGISTERED NUMBER: SC392132)

Report of the Trustees
For The Year Ended 29th January 2024

Trustees
Mrs B E M Cross
Mr D A Johnson
Mrs M A Nicholson
Mrs D Campbell

Company Secretary

Independent Examiner
Lorna Drummond FCCA
Goldwells
15-17 High Street
Kingussie
Inverness-Shire
PH21 1HS

Approved by order of the board of trustees on 28th October 2024 and signed on its behalf by:





Mrs B E M Cross - Trustee

Independent Examiner's Report to the Trustees of
Newtonmore Village Hall

I report on the accounts for the year ended 29th January 2024 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.








Lorna Drummond FCCA
The Association of Chartered Certified Accountants

Goldwells
15-17 High Street
Kingussie
Inverness-Shire
PH21 1HS

28th October 2024

NEWTONMORE VILLAGE HALL

Statement of Financial Activities
For The Year Ended 29th January 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
Income and endowments from
Donations and legacies 4,075 - 4,075 11,853

Other trading activities 2 9,030 - 9,030 5,128
Investment income 3 3,332 - 3,332 3,840
Total 16,437 - 16,437 20,821

Expenditure on
Charitable activities
Hall running costs 10,275 - 10,275 10,833
Support costs 4,060 - 4,060 3,932
Total 14,335 - 14,335 14,765

NET INCOME 2,102 - 2,102 6,056


Reconciliation of funds
Total funds brought forward 195,951 7,638 203,589 197,533

Total funds carried forward 198,053 7,638 205,691 203,589

NEWTONMORE VILLAGE HALL (REGISTERED NUMBER: SC392132)

Balance Sheet
29th January 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
Fixed assets
Tangible assets 7 190,000 7,638 197,638 197,638

Current assets
Debtors 8 14 - 14 -
Cash at bank 9,769 - 9,769 6,931
9,783 - 9,783 6,931

Creditors
Amounts falling due within one year 9 (1,730 ) - (1,730 ) (980 )

Net current assets 8,053 - 8,053 5,951

Total assets less current liabilities 198,053 7,638 205,691 203,589

NET ASSETS 198,053 7,638 205,691 203,589
Funds 10
Unrestricted funds 198,053 195,951
Restricted funds 7,638 7,638
Total funds 205,691 203,589

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th January 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 29th January 2024 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.


NEWTONMORE VILLAGE HALL (REGISTERED NUMBER: SC392132)

Balance Sheet - continued
29th January 2024

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 28th October 2024 and were signed on its behalf by:





Mrs B E M Cross - Trustee





Mr D A Johnson - Trustee

NEWTONMORE VILLAGE HALL

Notes to the Financial Statements
For The Year Ended 29th January 2024

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.

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.

Tangible fixed assets
It is the opinion of the Trustees that depreciation should not be applied to the Hall as it will continue to be maintained to a very high standard and will suffer no diminution in value.

2. Other trading activities
2024 2023
£    £   
Hire of hall 8,816 4,584
Autotellar fee 214 544
9,030 5,128


NEWTONMORE VILLAGE HALL

Notes to the Financial Statements - continued
For The Year Ended 29th January 2024

3. Investment income
2024 2023
£    £   
Rents received 3,332 3,840

4. Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 29th January 2024 nor for the year ended 29th January 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 29th January 2024 nor for the year ended 29th January 2023.


5. Staff costs

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

2024 2023
Staff 2 2

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

6. Comparatives for the statement of financial activities
Unrestricted Restricted Total
fund funds funds
£    £    £   
Income and endowments from
Donations and legacies 4,215 7,638 11,853

Other trading activities 5,128 - 5,128
Investment income 3,840 - 3,840
Total 13,183 7,638 20,821

Expenditure on
Charitable activities
Hall running costs 10,833 - 10,833
Support costs 3,932 - 3,932
Total 14,765 - 14,765

NET INCOME/(EXPENDITURE) (1,582 ) 7,638 6,056


Reconciliation of funds
Total funds brought forward 197,533 - 197,533

Total funds carried forward 195,951 7,638 203,589

NEWTONMORE VILLAGE HALL

Notes to the Financial Statements - continued
For The Year Ended 29th January 2024

7. Tangible fixed assets
Freehold
property
£   
Cost
At 30th January 2023 and 29th January 2024 197,638
Net book value
At 29th January 2024 197,638
At 29th January 2023 197,638

8. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 14 -

9. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,000 -
Accrued expenses 730 980
1,730 980

10. Movement in funds
Net
At movement At
30.1.23 in funds 29.1.24
£    £    £   
Unrestricted funds
General fund 195,951 2,102 198,053

Restricted funds
Building 7,638 - 7,638

TOTAL FUNDS 203,589 2,102 205,691

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 16,437 (14,335 ) 2,102

TOTAL FUNDS 16,437 (14,335 ) 2,102


NEWTONMORE VILLAGE HALL

Notes to the Financial Statements - continued
For The Year Ended 29th January 2024

10. Movement in funds - continued

Comparatives for movement in funds

Net
At movement At
30.1.22 in funds 29.1.23
£    £    £   
Unrestricted funds
General fund 197,533 (1,582 ) 195,951

Restricted funds
Building - 7,638 7,638

TOTAL FUNDS 197,533 6,056 203,589

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 13,183 (14,765 ) (1,582 )

Restricted funds
Building 7,638 - 7,638

TOTAL FUNDS 20,821 (14,765 ) 6,056

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

Net
At movement At
30.1.22 in funds 29.1.24
£    £    £   
Unrestricted funds
General fund 197,533 520 198,053

Restricted funds
Building - 7,638 7,638

TOTAL FUNDS 197,533 8,158 205,691

NEWTONMORE VILLAGE HALL

Notes to the Financial Statements - continued
For The Year Ended 29th January 2024

10. Movement in funds - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 29,620 (29,100 ) 520

Restricted funds
Building 7,638 - 7,638

TOTAL FUNDS 37,258 (29,100 ) 8,158

11. Related party disclosures

There were no related party transactions for the year ended 29th January 2024.