IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.11.23 28.6.24 28.6.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1307212023-10-31SC1307212024-06-28SC1307212023-11-012024-06-28SC1307212022-10-31SC1307212022-11-012023-10-31SC1307212023-10-31SC130721ns0:CharitableCompanyLimitedByGuarantee2023-11-012024-06-28SC130721ns15:PoundSterling2023-11-012024-06-28SC130721ns11:FRS1022023-11-012024-06-28SC130721ns11:IndependentExaminationCharity2023-11-012024-06-28SC130721ns11:SmallCompaniesRegimeForAccounts2023-11-012024-06-28SC130721ns11:FullAccounts2023-11-012024-06-28SC130721ns11:CharitiesSORP2023-11-012024-06-28SC13072122023-11-012024-06-28SC130721ns16:EnglandWales2023-11-012024-06-28SC130721ns11:RegisteredOffice2023-11-012024-06-28SC130721ns0:Trustee12023-11-012024-06-28SC130721ns0:Trustee22023-11-012024-06-28SC130721ns0:Trustee32023-11-012024-06-28SC130721ns0:Trustee42023-11-012024-06-28SC130721ns11:CompanySecretary12023-11-012024-06-28SC130721ns0:TotalUnrestrictedFunds2023-11-012024-06-28SC130721ns0:TotalRestrictedIncomeFunds2023-11-012024-06-28SC130721ns0:Activity82023-11-012024-06-28SC130721ns0:TotalUnrestrictedFundsns0:Activity82023-11-012024-06-28SC130721ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-11-012024-06-28SC130721ns0:Activity82022-11-012023-10-31SC130721ns0:TotalUnrestrictedFunds2023-10-31SC130721ns0:TotalRestrictedIncomeFunds2023-10-31SC130721ns0:TotalUnrestrictedFunds2024-06-28SC130721ns0:TotalRestrictedIncomeFunds2024-06-28SC130721ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-06-28SC130721ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-06-28SC130721ns10:WithinOneYear2024-06-28SC130721ns10:WithinOneYear2023-10-31SC130721ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-11-012024-06-28SC130721ns10:PlantMachinery2023-11-012024-06-28SC13072122023-11-012024-06-28SC130721132023-11-012024-06-28SC130721132022-11-012023-10-31SC130721ns10:PatentsTrademarksLicencesConcessionsSimilar2023-10-31SC130721ns10:PatentsTrademarksLicencesConcessionsSimilar2024-06-28SC130721ns10:PatentsTrademarksLicencesConcessionsSimilar2023-10-31SC130721ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-10-31SC130721ns10:PlantMachinery2023-10-31SC130721ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-06-28SC130721ns10:PlantMachinery2024-06-28SC130721ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-10-31SC130721ns10:PlantMachinery2023-10-31
REGISTERED COMPANY NUMBER: SC130721 (Scotland)
REGISTERED CHARITY NUMBER: SC020618














Report of the Trustees and

Unaudited Financial Statements for the Period 1 November 2023 to 28 June 2024

for

North Coast Community Enterprises
Limited
Trading as
Norc-Celt

North Coast Community Enterprises
Limited
Trading as Norc-Celt






Contents of the Financial Statements
for the Period 1 November 2023 to 28 June 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 13

North Coast Community Enterprises
Limited (Registered number: SC130721)
Trading as Norc-Celt

Report of the Trustees
for the Period 1 November 2023 to 28 June 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 period 1 November 2023 to 28 June 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 company was established to help residents of the North Coastal Area of Sutherland by various schemes for education, training and other charitable functions.

The objectives of the charity are:

To relieve poverty among the residents of the North Coastal areas of the Sutherland District of Highland Region. (The Area of Benefit).

To advance education among the residents of the Area of Benefit, particularly among young people and the unemployed.

To promote and/or provide training skills of all kinds, particularly such skills as will assist residents of the Area of Benefit in obtaining paid employment.

To promote industry and commerce for the benefit of the general public.

The objectives of the charity are met through the operation of a museum, workshop, shop and post office, presently run from leased premises in the village of Skerray in Sutherland.

Significant activities
It was decided that due to the fall off in diesel customers combined with the Lott building no longer being a community resource that, going forward, Nor-celt no longer has a role to play for the community and the decision was taken to cease trading from 28th June 2024.

It was further agreed that any remaining funds of the charity be donated to the Skerray Village Hall.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity continued to supply diesel in the period and still provided premises for the shop, post office and sorting office.

FINANCIAL REVIEW
Financial position
Funds at the balance sheet date were nil (2023 - £2,665). The closing bank balance was donated to Skerray Village Hall leaving a bank balance of nil (2023 - £2,665). All funds are unrestricted.

Principal funding sources
Operating funds were sourced from the sale of diesel, rents received and sundry donations.


North Coast Community Enterprises
Limited (Registered number: SC130721)
Trading as Norc-Celt

Report of the Trustees
for the Period 1 November 2023 to 28 June 2024


FINANCIAL REVIEW
Reserves policy
The directors regularly reviewed the future financial requirements of the company. They had a policy whereby the unrestricted funds held should be at least three (3) months of general expenditure.

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 charity has no employees and is dependent on the voluntary efforts of individuals. The Trustees acknowledge the outstanding work which the volunteers contribute. This work is critical to the ability of the organisation to continue.

Recruitment and appointment of new trustees
New Trustees were recommended by the Trustees and could be appointed by ordinary resolution.

Induction and training of new trustees
Induction and training of new Trustees was informal and was mostly through working with and communicating with existing Trustees.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC130721 (Scotland)

Registered Charity number
SC020618

Registered office
6 Lotts
Skerray
Thurso
Caithness
KW14 7TH

Trustees
Mrs M C M Telfer Chair
Mrs M A Macfadyen Treasurer
D M Murray
S G Graham

Company Secretary
Mrs M A Macfadyen


North Coast Community Enterprises
Limited (Registered number: SC130721)
Trading as Norc-Celt

Report of the Trustees
for the Period 1 November 2023 to 28 June 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Mackay & Co
Chartered Accountants
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB

Approved by order of the board of trustees on 22 October 2024 and signed on its behalf by:





Mrs M A Macfadyen - Secretary

Independent Examiner's Report to the Trustees of
North Coast Community Enterprises
Limited

I report on the accounts for the period 1 November 2023 to 28 June 2024 set out on pages five to thirteen.

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 MacIver CA
The Institute of Chartered Accountants of Scotland

Mackay & Co
Chartered Accountants
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB

22 October 2024

North Coast Community Enterprises
Limited
Trading as Norc-Celt

Statement of Financial Activities
for the Period 1 November 2023 to 28 June 2024

Period
1.11.23
to Year Ended
28.6.24 31.10.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM

Other trading activities 2 230 - 230 595
Investment income 3 701 - 701 1,660
Total 931 - 931 2,255

EXPENDITURE ON
Raising funds 4 270 - 270 1,334

Charitable activities 5
General 3,326 - 3,326 3,761
Total 3,596 - 3,596 5,095

NET INCOME/(EXPENDITURE) (2,665 ) - (2,665 ) (2,840 )


RECONCILIATION OF FUNDS
Total funds brought forward 2,665 - 2,665 5,505

TOTAL FUNDS CARRIED FORWARD - - - 2,665

North Coast Community Enterprises
Limited (Registered number: SC130721)
Trading as Norc-Celt

Balance Sheet
28 June 2024

28.6.24 31.10.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
CURRENT ASSETS
Stocks 10 - - - 270
Debtors 11 - - - 302
Cash at bank - - - 2,668
- - - 3,240

CREDITORS
Amounts falling due within one year 12 - - - (575 )

NET CURRENT ASSETS - - - 2,665

TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-

-

2,665

NET ASSETS - - - 2,665
FUNDS 13
Unrestricted funds - 2,665
TOTAL FUNDS - 2,665

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 June 2024.


The members have not required the company to obtain an audit of its financial statements for the period ended 28 June 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.


North Coast Community Enterprises
Limited (Registered number: SC130721)
Trading as Norc-Celt

Balance Sheet - continued
28 June 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 22 October 2024 and were signed on its behalf by:





M C M Telfer - Trustee

North Coast Community Enterprises
Limited
Trading as Norc-Celt

Notes to the Financial Statements
for the Period 1 November 2023 to 28 June 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 - Straight line over 25 years
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

At the balance sheet date there are no restricted funds.

North Coast Community Enterprises
Limited
Trading as Norc-Celt

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 28 June 2024

2. OTHER TRADING ACTIVITIES
Period
1.11.23
to Year Ended
28.6.24 31.10.23
£    £   
Diesel sales 230 595

3. INVESTMENT INCOME
Period
1.11.23
to Year Ended
28.6.24 31.10.23
£    £   
Rents received 701 1,660

4. RAISING FUNDS

Other trading activities
Period
1.11.23
to Year Ended
28.6.24 31.10.23
£    £   
Purchases 270 1,334

5. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
£    £    £   
General 2,831 495 3,326


North Coast Community Enterprises
Limited
Trading as Norc-Celt

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 28 June 2024

6. SUPPORT COSTS
Governance
costs
£   
General 495

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 28 June 2024 nor for the year ended 31 October 2023.


Trustees' expenses

In the period £30.55 expenses were reimbursed to Mrs M A Macfadyen for costs incurred on behalf of the charity. No expenses were reimbursed in the prior year.

8. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 November 2023 and
28 June 2024

1,759

AMORTISATION
At 1 November 2023 and
28 June 2024

1,759

NET BOOK VALUE
At 28 June 2024 -
At 31 October 2023 -


North Coast Community Enterprises
Limited
Trading as Norc-Celt

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 28 June 2024

9. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 November 2023 and
28 June 2024

59,506

12,644

72,150

DEPRECIATION
At 1 November 2023 and
28 June 2024

59,506

12,644

72,150

NET BOOK VALUE
At 28 June 2024 - - -
At 31 October 2023 - - -

10. STOCKS
28.6.24 31.10.23
£    £   
Stocks - 270

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.6.24 31.10.23
£    £   
Trade debtors - 50
Other debtors - 252
- 302


North Coast Community Enterprises
Limited
Trading as Norc-Celt

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 28 June 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.6.24 31.10.23
£    £   
Trade creditors - 125
Accrued expenses - 450
- 575

13. MOVEMENT IN FUNDS
Net
At movement At
1.11.23 in funds 28.6.24
£    £    £   
Unrestricted funds
General fund 2,665 (2,665 ) -

TOTAL FUNDS 2,665 (2,665 ) -

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 931 (3,596 ) (2,665 )

TOTAL FUNDS 931 (3,596 ) (2,665 )


Comparatives for movement in funds

Net
At movement At
1.11.22 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund 5,505 (2,840 ) 2,665

TOTAL FUNDS 5,505 (2,840 ) 2,665

North Coast Community Enterprises
Limited
Trading as Norc-Celt

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 28 June 2024

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 2,255 (5,095 ) (2,840 )

TOTAL FUNDS 2,255 (5,095 ) (2,840 )

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 28 June 2024.