IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.8.23 31.7.24 31.7.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2496702023-07-31SC2496702024-07-31SC2496702023-08-012024-07-31SC2496702022-07-31SC2496702022-08-012023-07-31SC2496702023-07-31SC249670ns0:CharitableCompanyLimitedByGuarantee2023-08-012024-07-31SC249670ns15:PoundSterling2023-08-012024-07-31SC249670ns11:FRS1022023-08-012024-07-31SC249670ns11:IndependentExaminationCharity2023-08-012024-07-31SC249670ns11:SmallCompaniesRegimeForAccounts2023-08-012024-07-31SC249670ns11:FullAccounts2023-08-012024-07-31SC249670ns11:CharitiesSORP2023-08-012024-07-31SC249670ns16:EnglandWales2023-08-012024-07-31SC249670ns11:RegisteredOffice2023-08-012024-07-31SC249670ns0:Trustee32023-08-012024-07-31SC249670ns0:Trustee22023-08-012024-07-31SC249670ns0:Trustee42023-08-012024-07-31SC249670ns0:Trustee12023-08-012024-07-31SC249670ns0:Trustee52023-08-012024-07-31SC249670ns0:Trustee62023-08-012024-07-31SC249670ns0:Trustee72023-08-012024-07-31SC249670ns0:Trustee82023-08-012024-07-31SC249670ns0:Trustee92023-08-012024-07-31SC249670ns0:TotalUnrestrictedFunds2023-08-012024-07-31SC249670ns0:TotalRestrictedIncomeFunds2023-08-012024-07-31SC249670ns0:Activity82023-08-012024-07-31SC249670ns0:TotalUnrestrictedFundsns0:Activity82023-08-012024-07-31SC249670ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-08-012024-07-31SC249670ns0:Activity82022-08-012023-07-31SC249670ns0:Activity102023-08-012024-07-31SC249670ns0:TotalUnrestrictedFundsns0:Activity102023-08-012024-07-31SC249670ns0:Activity10ns0:TotalRestrictedIncomeFunds2023-08-012024-07-31SC249670ns0:Activity102022-08-012023-07-31SC249670ns0:Activity112023-08-012024-07-31SC249670ns0:Activity11ns0:TotalUnrestrictedFunds2023-08-012024-07-31SC249670ns0:Activity11ns0:TotalRestrictedIncomeFunds2023-08-012024-07-31SC249670ns0:Activity112022-08-012023-07-31SC249670ns0:Activity122023-08-012024-07-31SC249670ns0:Activity12ns0:TotalUnrestrictedFunds2023-08-012024-07-31SC249670ns0:Activity12ns0:TotalRestrictedIncomeFunds2023-08-012024-07-31SC249670ns0:Activity122022-08-012023-07-31SC249670ns0:TotalUnrestrictedFunds2023-07-31SC249670ns0:TotalRestrictedIncomeFunds2023-07-31SC249670ns0:TotalUnrestrictedFunds2024-07-31SC249670ns0:TotalRestrictedIncomeFunds2024-07-31SC249670ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-07-31SC249670ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-07-31SC249670ns10:WithinOneYear2024-07-31SC249670ns10:WithinOneYear2023-07-31SC249670ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-08-012024-07-31SC249670ns10:FurnitureFittingsToolsEquipment2023-08-012024-07-31SC24967022023-08-012024-07-31SC249670ns10:OwnedAssets2023-08-012024-07-31SC249670ns10:OwnedAssets2022-08-012023-07-31SC249670ns0:TotalUnrestrictedFunds2022-08-012023-07-31SC249670ns0:TotalRestrictedIncomeFunds2022-08-012023-07-31SC249670ns0:TotalUnrestrictedFundsns0:Activity82022-08-012023-07-31SC249670ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-08-012023-07-31SC249670ns0:TotalUnrestrictedFundsns0:Activity102022-08-012023-07-31SC249670ns0:Activity10ns0:TotalRestrictedIncomeFunds2022-08-012023-07-31SC249670ns0:Activity12ns0:TotalUnrestrictedFunds2022-08-012023-07-31SC249670ns0:Activity12ns0:TotalRestrictedIncomeFunds2022-08-012023-07-31SC249670ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-07-31SC249670ns10:PlantMachinery2023-07-31SC249670ns10:FurnitureFittings2023-07-31SC249670ns10:PlantMachinery2023-08-012024-07-31SC249670ns10:FurnitureFittings2023-08-012024-07-31SC249670ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-07-31SC249670ns10:PlantMachinery2024-07-31SC249670ns10:FurnitureFittings2024-07-31SC249670ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-07-31SC249670ns10:PlantMachinery2023-07-31SC249670ns10:FurnitureFittings2023-07-31
REGISTERED COMPANY NUMBER: SC249670 (Scotland)
REGISTERED CHARITY NUMBER: SC25630














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Lairg Community Association

Lairg Community Association






Contents of the Financial Statements
for the Year Ended 31 July 2024




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 15

Lairg Community Association (Registered number: SC249670)

Report of the Trustees
for the Year Ended 31 July 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 July 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 charity's principal activity is to promote and to provide facilities for recreation, social, leisure and other activities, for the benefit of the inhabitants of Lairg.

Significant activities
Significant activities include, the management of the Lairg Community Centre, including daily running and administrative duties.

Volunteers
Lairg Community Association is greatly indebted to members, volunteers and friends for support and encouragement throughout the year.


Lairg Community Association (Registered number: SC249670)

Report of the Trustees
for the Year Ended 31 July 2024

ACHIEVEMENT AND PERFORMANCE
Fundraising activities
In December 2023 Marie Le Nepveu Stratton stood down as Chair for personal reasons. The Board thanked Marie for her time and dedication as initially as a Board member and then as Chair. Robert Johnstone then took over as the Chair.

At our AGM in March the Board welcomed Francis Morrison and Danielle Custerson as new Board members.
As with all old buildings things breakdown and at the beginning of December the boiler needed to be replaced urgently. Fortunately, a local plumber was sourced who was free to install a new oil boiler extremely quickly. Funding was also hastily sourced form Lairg Wind Farm (£4,000), North Highland Initiative (£600) and the balance came from the Community Centre's reserves. With the quick action of those involved it meant that none of the planned Christmas festivities took place in the cold!

Also, in the later part of 2023 the repairs to the roof over the rifle range were completed along with repairs to the flat roof over the conservatory and the main stage. Also, a full length grate has been installed outside the fire exit door off the rifle range to prevent water running in.

The monthly Monday market running from March to November is supported by a core group of traders and visitors and the Board is always looking at ways to improve footfall as well as new traders. Collaborative relationships with other organisations continue, seeking out new hirers, novel ways of working with hirers to mutual benefit and supporting the community in a positive way wherever possible.

In the early part of 2024, an opportunity arose with Voluntary Groups Sutherland (VGS) who were looking for an alternative office and storage to the one they had in Golspie and by the summer VGS had moved into the office upstairs at the Community Centre.

An area of increasing concern for Lairg Community Association is the reducing number of Board members and the difficulty of persuading individuals to join. This is a priority for the new Board.

The Board is grateful for the continued funding received from Foundation Scotland, Lairg Wind Farm Benefit Fund, SSE and North Highland Initiative who enable Lairg Community Association to remain at the heart of the community. The Board is grateful for the support, encouragement and commitment shown by its staff, volunteers and friends in continuing to work towards a secure future. The Chair would like to give special thanks to Board members who, as unpaid volunteers, give freely of their time and energies throughout the year in undertaking the work that's undertaken together.

FINANCIAL REVIEW
Principal funding sources
Principal outside funding sources are:
Foundation Scotland
Scottish & Southern Energy
North Highland Initiative
Lairg Windfarm Benefit Fund

Reserves policy
The directors reviewed the Reserves Policy (whereby the unrestricted funds held should be at least 6 months of general expenditure) in June 2023. It is the view of the directors that these reserves are adequate for the company to continue the current level of activities, in the event of a significant drop in income, for six months.

Lairg Community Association (Registered number: SC249670)

Report of the Trustees
for the Year Ended 31 July 2024

FUTURE PLANS
The directors aim to continue to serve the community well and to develop the Lairg Community Centre.

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.

Organisational structure
The charity is administered by a board of directors who meet regularly. Day to day running of the charity is carried out by directors and by paid staff. The directors are not remunerated for their work as directors.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC249670 (Scotland)

Registered Charity number
SC25630

Registered office
Lairg Community Centre
Main Street
Lairg
Sutherland
IV27 4DB

Trustees
Ms C Cameron
Ms H Ayres
M D Geldard
R Johnstone
Ms F Morrison (appointed 12.3.24)
J Le Nepveu (resigned 12.3.24)
Ms M Le Nepveu Stratton (resigned 12.12.23)
Mrs L Boshoff (resigned 12.3.24)
Ms D Custerson (appointed 12.3.24)

Independent Examiner
Marcus D. MacIver CA
ICAS
Mackay & Co
Chartered Accountants
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB


Lairg Community Association (Registered number: SC249670)

Report of the Trustees
for the Year Ended 31 July 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Solicitors
Macleod & MacCallum
28 Queensgate
Inverness
IV1 1DJ

Approved by order of the board of trustees on 29 October 2024 and signed on its behalf by:





Ms H Ayres - Trustee

Independent Examiner's Report to the Trustees of
Lairg Community Association

I report on the accounts for the year ended 31 July 2024 set out on pages six to fifteen.

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.








Marcus D. MacIver, CA
ICAS
Mackay & Co
Chartered Accountants
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB

29 October 2024

Lairg Community Association

Statement of Financial Activities
for the Year Ended 31 July 2024

31.7.24 31.7.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 48 9,944 9,992 21,912

Other trading activities 2 24,563 379 24,942 26,485
Investment income 3 308 - 308 128
Total 24,919 10,323 35,242 48,525

EXPENDITURE ON
Charitable activities
Hall operation 26,985 22,222 49,207 31,958
Asset Fund - 8,368 8,368 8,368
Satellite phone - - - 72
Generator - 246 246 236
Total 26,985 30,836 57,821 40,634

NET INCOME/(EXPENDITURE) (2,066 ) (20,513 ) (22,579 ) 7,891
Transfers between funds 12 633 (633 ) - -
Net movement in funds (1,433 ) (21,146 ) (22,579 ) 7,891

RECONCILIATION OF FUNDS
Total funds brought forward 38,396 273,498 311,894 304,003

TOTAL FUNDS CARRIED FORWARD 36,963 252,352 289,315 311,894

Lairg Community Association (Registered number: SC249670)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 1,365 252,037 253,402 262,015

CURRENT ASSETS
Debtors 9 1,048 - 1,048 904
Investments 10 4,000 - 4,000 4,000
Cash at bank 31,198 315 31,513 45,623
36,246 315 36,561 50,527

CREDITORS
Amounts falling due within one year 11 (648 ) - (648 ) (648 )

NET CURRENT ASSETS 35,598 315 35,913 49,879

TOTAL ASSETS LESS CURRENT
LIABILITIES

36,963

252,352

289,315

311,894

NET ASSETS 36,963 252,352 289,315 311,894
FUNDS 12
Unrestricted funds 36,963 38,396
Restricted funds 252,352 273,498
TOTAL FUNDS 289,315 311,894

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.


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


Lairg Community Association (Registered number: SC249670)

Balance Sheet - continued
31 July 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 29 October 2024 and were signed on its behalf by:





R Johnstone - Trustee

Lairg Community Association

Notes to the Financial Statements
for the Year Ended 31 July 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.

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 - in accordance with the property
Fixtures and fittings - 20% 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.


Lairg Community Association

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. OTHER TRADING ACTIVITIES
31.7.24 31.7.23
£    £   
Fundraising events 420 544
Hall rent 23,481 23,515
SSE Feed in Tariff 662 1,696
Play Centre 379 730
24,942 26,485

3. INVESTMENT INCOME
31.7.24 31.7.23
£    £   
Deposit account interest 308 128

4. NET INCOME/(EXPENDITURE)

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

31.7.24 31.7.23
£    £   
Depreciation - owned assets 8,613 9,387

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.


6. STAFF COSTS

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

31.7.24 31.7.23
Part-time hall caretakers 2 2
Part-time administrator 1 1
3 3

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

Lairg Community Association

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,757 19,155 21,912

Other trading activities 25,755 730 26,485
Investment income 128 - 128
Total 28,640 19,885 48,525

EXPENDITURE ON
Charitable activities
Hall operation 22,893 9,065 31,958
Asset Fund - 8,368 8,368
Satellite phone - 72 72
Generator - 236 236
Total 22,893 17,741 40,634

NET INCOME 5,747 2,144 7,891


RECONCILIATION OF FUNDS
Total funds brought forward 32,649 271,354 304,003

TOTAL FUNDS CARRIED
FORWARD

38,396

273,498

311,894

8. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023 and 31 July 2024 418,396 6,739 31,134 456,269
DEPRECIATION
At 1 August 2023 158,974 5,510 29,770 194,254
Charge for year 8,368 246 (1 ) 8,613
At 31 July 2024 167,342 5,756 29,769 202,867
NET BOOK VALUE
At 31 July 2024 251,054 983 1,365 253,402
At 31 July 2023 259,422 1,229 1,364 262,015

Lairg Community Association

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,048 904

10. CURRENT ASSET INVESTMENTS
31.7.24 31.7.23
£    £   
NS & I 4,000 4,000

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other creditors 648 648

12. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.8.23 in funds funds 31.7.24
£    £    £    £   
Unrestricted funds
General fund 38,396 (2,066 ) 633 36,963

Restricted funds
Restricted 271,522 (20,468 ) - 251,054
Resilience telephone/generator 1,229 (246 ) - 983
Play centre 747 201 (633 ) 315
273,498 (20,513 ) (633 ) 252,352
TOTAL FUNDS 311,894 (22,579 ) - 289,315

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 24,919 (26,985 ) (2,066 )

Restricted funds
Restricted 9,944 (30,412 ) (20,468 )
Resilience telephone/generator - (246 ) (246 )
Play centre 379 (178 ) 201
10,323 (30,836 ) (20,513 )
TOTAL FUNDS 35,242 (57,821 ) (22,579 )

Lairg Community Association

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

12. MOVEMENT IN FUNDS - continued


Comparatives for movement in funds

Net
movement At
At 1.8.22 in funds 31.7.23
£    £    £   
Unrestricted funds
General fund 32,649 5,747 38,396

Restricted funds
Restricted 268,443 3,079 271,522
Resilience telephone/generator 1,537 (308 ) 1,229
Wedding project 251 (251 ) -
Play centre 1,123 (376 ) 747
271,354 2,144 273,498
TOTAL FUNDS 304,003 7,891 311,894

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 28,640 (22,893 ) 5,747

Restricted funds
Restricted 19,155 (16,076 ) 3,079
Resilience telephone/generator - (308 ) (308 )
Wedding project - (251 ) (251 )
Play centre 730 (1,106 ) (376 )
19,885 (17,741 ) 2,144
TOTAL FUNDS 48,525 (40,634 ) 7,891

Lairg Community Association

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

12. 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 1.8.22 in funds funds 31.7.24
£    £    £    £   
Unrestricted funds
General fund 32,649 3,681 633 36,963

Restricted funds
Restricted 268,443 (17,389 ) - 251,054
Resilience telephone/generator 1,537 (554 ) - 983
Wedding project 251 (251 ) - -
Play centre 1,123 (175 ) (633 ) 315
271,354 (18,369 ) (633 ) 252,352
TOTAL FUNDS 304,003 (14,688 ) - 289,315

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 53,559 (49,878 ) 3,681

Restricted funds
Restricted 29,099 (46,488 ) (17,389 )
Resilience telephone/generator - (554 ) (554 )
Wedding project - (251 ) (251 )
Play centre 1,109 (1,284 ) (175 )
30,208 (48,577 ) (18,369 )
TOTAL FUNDS 83,767 (98,455 ) (14,688 )


Lairg Community Association

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2024.