REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 16 |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED (REGISTERED NUMBER: SC374728) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 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 31 March 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 aims of the company are as follows:- |
- to create and manage a community facility which will provide a range of associated services and projects to improve the sports participation, health, fitness and well- being of both Carrick residents and visitors, |
- to offer accessible and affordable fitness and activity facilities, |
- to provide a venue and focus for a range of community activity developing participation in sporting activity and promoting health and well-being, for all age groups and interests, |
- to encourage the maximum ongoing development, involvement and empowerment of the local community, people and centre users, |
- to make particular effort to engage the disadvantaged and excluded, particularly young people and promote and support healthier lifestyles for them. |
FINANCIAL REVIEW |
Principal funding sources |
The Service Level Agreement with South Ayrshire Council is still in place. We were also in receipt of contribution to the daily running costs with a grant from Hadyard Hill Community Fund (Dailly), and other funding from Kilgallioch Wind Farm Community Fund. |
Investment policy and objectives |
The trustees have the power to invest in such assets as they see fit. |
Reserves policy |
The balance on unrestricted reserves at 31 March 2024 was £6,365 (2023: £7,400) and restricted funds £5,955 (2023: £7,944) The trustees aim to maintain funds equal to approximately three months operational expenditure. |
FUTURE PLANS |
The company hopes to continue to encourage as many local residents as possible to participate in sport through use of the facilities available. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The organisation is a company, limited by guarantee, incorporated on 12 March 2010 and governed by Memorandum and Articles of Association which were amended on 5 June 2018. The company is recognised as a Scottish Charity, under number SC041389. |
In the event of the company being wound up, members are required to contribute an amount not exceeding £1 each. |
Recruitment and appointment of new trustees |
Trustees are appointed by ordinary resolution of the members or by resolution of the trustees. There shall be at least three trustees. |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED (REGISTERED NUMBER: SC374728) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Induction and training of new trustees |
New trustees undergo an appropriate induction programme to brief them on their obligations under charity and company law and the financial performance of the company. |
Risk management |
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
In accordance with the new Articles of Association, all of the trustees shall retire at each annual general meeting and, being eligible, offer themselves for re-election. |
Company Secretary |
Independent Examiner |
Galbraith Pritchards |
20 Barns Street |
Ayr |
Ayrshire |
KA7 1XA |
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
The trustees (who are also the directors of Dailly Community Activity Centre Association Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED (REGISTERED NUMBER: SC374728) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued |
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
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 |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
I report on the accounts for the year ended 31 March 2024 set out on pages five 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. |
Marguerite Roos |
The Institute of Chartered Accountants of Scotland |
Galbraith Pritchards |
20 Barns Street |
Ayr |
Ayrshire |
KA7 1XA |
28 October 2024 |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31 MARCH 2024 |
31/3/24 | 31/3/23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities | 3 |
Other trading activities | 2 |
Total |
EXPENDITURE ON |
Charitable activities | 4 |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) | ( |
) |
Transfers between funds | 13 | (56 | ) | 56 | - | - |
Net movement in funds | ( |
) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 15,344 |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED (REGISTERED NUMBER: SC374728) |
BALANCE SHEET |
31 MARCH 2024 |
31/3/24 | 31/3/23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
CURRENT ASSETS |
Debtors | 11 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 12 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 13 |
Unrestricted funds | 7,400 |
Restricted funds | 7,944 |
TOTAL FUNDS | 15,344 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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. |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED (REGISTERED NUMBER: SC374728) |
BALANCE SHEET - continued |
31 MARCH 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 |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
The Trustees consider that there are no material uncertainties about the company's abilities to continue as a going concern. |
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY |
In the application of the company's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
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. |
GOVERNANCE COSTS |
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination and costs linked to the strategic management of the charity. |
TANGIBLE FIXED ASSETS |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Plant and machinery | - |
Computer equipment | - |
Assets costing less than £500 are not capitalised. |
TAXATION |
The company is a registered charity and is accordingly exempt from taxation on income which is applied for charitable purposes. The company is not registered for Value Added Tax and, accordingly, any such irrecoverable tax is included in the expenditure concerned. |
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. |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | ACCOUNTING POLICIES - continued |
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. |
FINANCIAL INSTRUMENTS |
The charity only has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
2. | OTHER TRADING ACTIVITIES |
31/3/24 | 31/3/23 |
£ | £ |
Social events | 1,428 | - |
Hall lets | 7,025 | 6,188 |
3. | INCOME FROM CHARITABLE ACTIVITIES |
31/3/24 | 31/3/23 |
Activity | £ | £ |
Grants | Activity centre | 22,000 | 21,102 |
Subscriptions | Activity centre | 10,504 | 12,604 |
Sundry receipts | Activity centre | 1,039 | 47 |
Grants received, included in the above, are as follows: |
31/3/24 | 31/3/23 |
£ | £ |
South Ayrshire Council Atl | 5,000 | 5,000 |
Dailly Community Council Small Grants | - | 650 |
Foundation Scotland- HHCB Dailly | 15,000 | 10,000 |
Kilgallioch Wind Farm Community Fund | 2,000 | 2,000 |
SAC - Crisis Grant | - | 1,000 |
Tralorg Dailly Community Fund - Bouncy Castle | - | 2,452 |
22,000 | 21,102 |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
4. | CHARITABLE ACTIVITIES COSTS |
Direct |
Costs (see | Support |
note 5) | costs | Totals |
£ | £ | £ |
Activity centre | 43,520 | 1,500 | 45,020 |
5. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
31/3/24 | 31/3/23 |
£ | £ |
Staff costs | 20,212 | 25,849 |
Insurance | 1,375 | 1,892 |
Light and heat | 14,483 | 9,834 |
Telephone | 641 | 738 |
Postage and stationery | 79 | 64 |
Advertising and promotion | 215 | 191 |
Sundries | 681 | 351 |
Repairs and renewals | 3,086 | 1,340 |
Cleaning | 252 | 159 |
Equipment purchases | - | 136 |
Activity expenses | 893 | 386 |
Depreciation | 1,603 | 1,457 |
43,520 | 42,397 |
6. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31/3/24 | 31/3/23 |
£ | £ |
Accountancy fees | 1,500 | 1,480 |
Depreciation - owned assets |
7. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
TRUSTEES' EXPENSES |
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
8. | STAFF COSTS |
31/3/24 | 31/3/23 |
£ | £ |
Wages and salaries |
Other pension costs |
20,212 | 25,849 |
The average monthly number of employees during the year was as follows: |
31/3/24 | 31/3/23 |
Hall staff |
9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
Other trading activities |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 6,574 | 12,706 |
TOTAL FUNDS CARRIED FORWARD | 7,400 | 7,944 | 15,344 |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
10. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/24 | 31/3/23 |
£ | £ |
Prepayments |
12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/24 | 31/3/23 |
£ | £ |
Social security and other taxes |
Accrued expenses |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
13. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1/4/23 | in funds | funds | 31/3/24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 7,400 | (979 | ) | (56 | ) | 6,365 |
Restricted funds |
VASA | 2,169 | (545 | ) | - | 1,624 |
COOP | 780 | (195 | ) | - | 585 |
Dailly Community Council Small Grants | - | 172 | - | 172 |
Carrick Futures | 598 | (149 | ) | - | 449 |
Western Recreation Trust | 470 | (118 | ) | - | 352 |
Foundation Scotland- HHCB Dailly | 475 | 768 | - | 1,243 |
Tralorg Dailly Community Fund - Bouncy Castle |
2,452 |
(978 |
) |
56 |
1,530 |
SAC - Lighting Fund | 1,000 | (1,000 | ) | - | - |
(2,045 | ) |
TOTAL FUNDS | (3,024 | ) | 12,320 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 24,996 | (25,975 | ) | (979 | ) |
Restricted funds |
VASA | - | (545 | ) | (545 | ) |
COOP | - | (195 | ) | (195 | ) |
Dailly Community Council Small Grants | 2,000 | (1,828 | ) | 172 |
Carrick Futures | - | (149 | ) | (149 | ) |
Western Recreation Trust | - | (118 | ) | (118 | ) |
Foundation Scotland- HHCB Dailly | 15,000 | (14,232 | ) | 768 |
Tralorg Dailly Community Fund - Bouncy Castle |
- |
(978 |
) |
(978 |
) |
SAC - Lighting Fund | - | (1,000 | ) | (1,000 | ) |
( |
) | (2,045 | ) |
TOTAL FUNDS | ( |
) | (3,024 | ) |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
13. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1/4/22 | in funds | 31/3/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 6,574 | 826 | 7,400 |
Restricted funds |
VASA | 5,119 | (2,950 | ) | 2,169 |
COOP | 2,879 | (2,099 | ) | 780 |
Carrick Futures | 3,276 | (2,678 | ) | 598 |
Western Recreation Trust | 691 | (221 | ) | 470 |
Foundation Scotland- HHCB Dailly | 741 | (266 | ) | 475 |
Tralorg Dailly Community Fund - Bouncy Castle |
- |
2,452 |
2,452 |
SAC - Lighting Fund | - | 1,000 | 1,000 |
12,706 | (4,762 | ) | 7,944 |
TOTAL FUNDS | 19,280 | (3,936 | ) | 15,344 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 25,824 | (24,998 | ) | 826 |
Restricted funds |
VASA | 15 | (2,965 | ) | (2,950 | ) |
COOP | - | (2,099 | ) | (2,099 | ) |
Dailly Community Council Small Grants | 651 | (651 | ) | - |
Carrick Futures | - | (2,678 | ) | (2,678 | ) |
Western Recreation Trust | - | (221 | ) | (221 | ) |
Foundation Scotland- HHCB Dailly | 9,999 | (10,265 | ) | (266 | ) |
Tralorg Dailly Community Fund - Bouncy Castle |
2,452 |
- |
2,452 |
SAC - Lighting Fund | 1,000 | - | 1,000 |
14,117 | (18,879 | ) | (4,762 | ) |
TOTAL FUNDS | 39,941 | (43,877 | ) | (3,936 | ) |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
13. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1/4/22 | in funds | funds | 31/3/24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 6,574 | (153 | ) | (56 | ) | 6,365 |
Restricted funds |
VASA | 5,119 | (3,495 | ) | - | 1,624 |
COOP | 2,879 | (2,294 | ) | - | 585 |
Dailly Community Council Small Grants | - | 172 | - | 172 |
Carrick Futures | 3,276 | (2,827 | ) | - | 449 |
Western Recreation Trust | 691 | (339 | ) | - | 352 |
Foundation Scotland- HHCB Dailly | 741 | 502 | - | 1,243 |
Tralorg Dailly Community Fund - Bouncy Castle |
- |
1,474 |
56 |
1,530 |
12,706 | (6,807 | ) | 56 | 5,955 |
TOTAL FUNDS | 19,280 | (6,960 | ) | - | 12,320 |
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 | 50,820 | (50,973 | ) | (153 | ) |
Restricted funds |
VASA | 15 | (3,510 | ) | (3,495 | ) |
COOP | - | (2,294 | ) | (2,294 | ) |
Dailly Community Council Small Grants | 2,651 | (2,479 | ) | 172 |
Carrick Futures | - | (2,827 | ) | (2,827 | ) |
Western Recreation Trust | - | (339 | ) | (339 | ) |
Foundation Scotland- HHCB Dailly | 24,999 | (24,497 | ) | 502 |
Tralorg Dailly Community Fund - Bouncy Castle |
2,452 |
(978 |
) |
1,474 |
SAC - Lighting Fund | 1,000 | (1,000 | ) | - |
31,117 | (37,924 | ) | (6,807 | ) |
TOTAL FUNDS | 81,937 | (88,897 | ) | (6,960 | ) |
DAILLY COMMUNITY ACTIVITY CENTRE |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
14. | RELATED PARTY DISCLOSURES |
15. | ULTIMATE CONTROLLING PARTY |
In the opinion of the trustees, there is no ultimate controlling party. |