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 true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2344022023-07-31SC2344022024-07-31SC2344022023-08-012024-07-31SC2344022022-07-31SC2344022022-08-012023-07-31SC2344022023-07-31SC234402ns0:CharitableCompanyLimitedByGuarantee2023-08-012024-07-31SC234402ns15:PoundSterling2023-08-012024-07-31SC234402ns11:FRS1022023-08-012024-07-31SC234402ns11:IndependentExaminationCharity2023-08-012024-07-31SC234402ns11:SmallCompaniesRegimeForAccounts2023-08-012024-07-31SC234402ns11:FullAccounts2023-08-012024-07-31SC234402ns11:CharitiesSORP2023-08-012024-07-31SC234402ns16:EnglandWales2023-08-012024-07-31SC234402ns11:RegisteredOffice2023-08-012024-07-31SC234402ns0:Trustee22023-08-012024-07-31SC234402ns0:Trustee32023-08-012024-07-31SC234402ns0:Trustee42023-08-012024-07-31SC234402ns0:Trustee52023-08-012024-07-31SC234402ns0:Trustee62023-08-012024-07-31SC234402ns0:Trustee72023-08-012024-07-31SC234402ns0:Trustee82023-08-012024-07-31SC234402ns0:Trustee12023-08-012024-07-31SC234402ns0:Trustee92023-08-012024-07-31SC234402ns0:Trustee102023-08-012024-07-31SC234402ns0:Trustee112023-08-012024-07-31SC234402ns0:Trustee122023-08-012024-07-31SC234402ns0:Trustee132023-08-012024-07-31SC234402ns0:Trustee142023-08-012024-07-31SC234402ns0:Trustee152023-08-012024-07-31SC234402ns0:Trustee162023-08-012024-07-31SC234402ns0:Trustee172023-08-012024-07-31SC234402ns0:Trustee182023-08-012024-07-31SC234402ns11:CompanySecretary12023-08-012024-07-31SC234402ns0:TotalUnrestrictedFunds2023-08-012024-07-31SC234402ns0:TotalRestrictedIncomeFunds2023-08-012024-07-31SC234402ns0:Activity82023-08-012024-07-31SC234402ns0:TotalUnrestrictedFundsns0:Activity82023-08-012024-07-31SC234402ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-08-012024-07-31SC234402ns0:Activity82022-08-012023-07-31SC234402ns0:TotalUnrestrictedFunds2023-07-31SC234402ns0:TotalRestrictedIncomeFunds2023-07-31SC234402ns0:TotalUnrestrictedFunds2024-07-31SC234402ns0:TotalRestrictedIncomeFunds2024-07-31SC234402ns10:WithinOneYear2024-07-31SC234402ns10:WithinOneYear2023-07-31SC23440212023-08-012024-07-31SC234402ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-08-012024-07-31SC234402ns10:PlantMachinery2023-08-012024-07-31SC234402ns10:FurnitureFittingsToolsEquipment2023-08-012024-07-31SC234402ns10:ComputerEquipment2023-08-012024-07-31SC23440222023-08-012024-07-31SC23440212023-08-012024-07-31SC23440212022-08-012023-07-31SC234402ns10:OwnedAssets2023-08-012024-07-31SC234402ns10:OwnedAssets2022-08-012023-07-31SC234402ns0:TotalUnrestrictedFunds2022-08-012023-07-31SC234402ns0:TotalRestrictedIncomeFunds2022-08-012023-07-31SC234402ns0:TotalUnrestrictedFundsns0:Activity82022-08-012023-07-31SC234402ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-08-012023-07-31SC234402ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-07-31SC234402ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-07-31SC234402ns10:PlantMachinery2023-07-31SC234402ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-08-012024-07-31SC234402ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-07-31SC234402ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-07-31SC234402ns10:PlantMachinery2024-07-31SC234402ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-07-31SC234402ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-07-31SC234402ns10:PlantMachinery2023-07-31SC234402ns10:FurnitureFittings2023-07-31SC234402ns10:ComputerEquipment2023-07-31SC234402ns10:FurnitureFittings2023-08-012024-07-31SC234402ns10:FurnitureFittings2024-07-31SC234402ns10:ComputerEquipment2024-07-31SC234402ns10:FurnitureFittings2023-07-31SC234402ns10:ComputerEquipment2023-07-31
REGISTERED COMPANY NUMBER: SC234402 (Scotland)
REGISTERED CHARITY NUMBER: SC28732
























REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THE CLAN MACQUARRIE COMMUNITY CENTRE

THE CLAN MACQUARRIE COMMUNITY CENTRE

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 17

THE CLAN MACQUARRIE COMMUNITY CENTRE (REGISTERED NUMBER: SC234402)

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 objects of the charity are:-
- to promote the benefit of the community resident from Galson to Ballantrushal, Isle of Lewis by associating with local authorities, voluntary organisations and residents in a common effort to further health, to advance education, to provide a meeting place and facilities for training and recreation, and social, moral and intellectual development, and to foster a community spirit for the achievement of these and other such objects;
- to secure the establishment, maintenance and management of a Community Centre for activities promoted by the charity in furtherance of the above objects or any of them.

Significant activities
During the financial year, the Committee was able to complete some further improvements in and around the Centre - CCTV and Wifi for example.

Urras Oighreachd Ghabhsainn has continued to be very supportive of our aims - helping us with project-specific grant funding as well as hiring the venue regularly (particularly for their successful, well-established Ploigh, Duthchas and Sunnd initiatives).

Normal out-door maintenance work by volunteers/committee continued during the year (painting, weeding etc)
We have benefited from grants via CnES, HIE, Urras Oighreachd Ghabhsainn, and Western Isles Lottery.

During the year, significant investment was made in equipment and furnishings to support our entry into catering for the cruise ship market and we could not have done that without the generosity of these grant funders.

We successfully ran a number of well-attended "warm hub" type activities during the 2023/24 winter period - games, book exchanges, indoor bowls, history talks, slideshows etc.

Importantly, and largely thanks to some of the funding support received, we were able to continue attracting visitors and users to a wide variety of activities organised by ourselves or by local groups/individuals (eg exercise classes, charity lunches, supper and ceilidh events, kids Christmas and Halloween parties plus various family celebration events etc).

We were pleased to again welcome new volunteers to help us with our activities throughout the year
The Committee is grateful to the contractors who completed work for us during the year, also to all our funders and, of course, to our numerous volunteers.

Volunteers
The contribution of volunteers (including directors, members and individuals from the community) has been and continues to be, of immense benefit to the charity in establishing, maintaining and managing the community centre.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
As indicated above, within the Significant Activities section, bookings continued to grow throughout the financial year ended 31st July 2024.

The Committee, staff and community volunteers help us to successfully deliver events and activities in our own right and we also provide hire and activity opportunities to a diverse range of other users from the local and wider community.


THE CLAN MACQUARRIE COMMUNITY CENTRE (REGISTERED NUMBER: SC234402)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024


FINANCIAL REVIEW
Principal funding sources
Funds generated from venue hires and functions/events plus Feed-In Tariff for our two wind turbines continue to deliver the majority of our funding.

Certain purchases to enhance the Centre's facilities have been made during the period but these have generally been fully funded from specific, non-recurring grant support, as detailed in the Significant Activities section.

Cash reserves held are a source of comfort in terms of future expenditure, including as a contingency against repairs and maintenance, drop-off in hire and other income and/or against any further breakdowns with the wind turbines. Our reserves also provide a cushion against increasing general costs/inflation.

Investment policy and objectives
The charity's reserves are maintained in bank accounts as the current level of reserves are required to meet the organisation's short term operational requirements.

Reserves policy
The general fund represents the unrestricted funds from past operating results and the free reserves of the charity. The trustees consider that the level of free reserves at 31 July 2024, which equates to approximately 24 months operating expenditure, is sufficient to meet the charity's operational requirements given the ongoing rental and fundraising events income being received. The trustees ensure that the ongoing running costs are met by the projected recurring future income streams.

During the year the charity's resources expended exceeded incoming resources resulting in net expenditure of £42,092 for the period (2023 - net expenditure of £25,404). This represents a decrease in unrestricted funds of £3,579 and a decrease of £38,513 in restricted funds. Unrestricted reserves has as a result decreased to £81,008.

The deficit on restricted funds is mainly due to depreciation charged on the cost of the centre. This depreciation is met by capital grants received to fund the building of the centre which are held in restricted funds.

FUTURE PLANS
The Committee hope to continue to gradually expand the range of activities and events undertaken at the Centre and within our Community Garden.
A review of the existing renewables (wind, ground-source) together with consideration of additional sources of energy (battery and solar) at the Centre is on the near-term horizon.
We will also continue to look for opportunities to further improve the general facilities and surroundings at the Centre, as and when funding permits.
In addition, we are keen to achieve the extension of a development officer/facilities manager post beyond the term of the current funding (which ends on 31st October 2024) .

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 22 July 2002 and registered as a charity with effect from 22 July 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

The organisation is registered with the Scottish Charity Regulator and the Scottish Charity Number is SC028732.

Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law.

Under the requirements of the Memorandum and Articles of Association the elected directors are appointed by all the members at the Annual General Meeting. One third of the elected directors must retire by rotation at each Annual General Meeting. Any nominated member may appoint one director.


THE CLAN MACQUARRIE COMMUNITY CENTRE (REGISTERED NUMBER: SC234402)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The board consists of voluntary directors who manage the affairs of the charity through regular board meetings where matters are discussed and agreed. The decisions taken by the board are implemented by the executive members which includes chair, vice-chair, secretary and treasurer. The charity has no employees. The charity appointed professional advisers to assist in the management of the construction programme for the community centre.

Induction and training of new trustees
The charity undertakes training for trustees to ensure awareness and understanding of:-
- the responsibilities of directors;
- the organisational structure of the charity;
- the financial position of the charity; and
- the future plans and objectives of the charity.

Wider network
The charity has established links with other organisations and agencies to foster the aims and objectives of the organisation.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC234402 (Scotland)

Registered Charity number
SC28732

Registered office
Clan Macquarrie Community Centre
Borve
Isle of Lewis
HS2 0RX

Trustees
E Macleay
D M Vann
P Macdonald
I Murray
N Smith
C Macdonald
A Rennie
S S Reynolds
M Nicholson (resigned 13.11.23)
J M Mccartney
K Matheson
K Smith (resigned 13.11.23)
A Morrison
D Mackay
A H Jack
S Carter-Clavell (appointed 13.11.23)
M M Smith (appointed 13.11.23)
A Maclean (appointed 29.11.23)

Company Secretary
D A Macdonald


THE CLAN MACQUARRIE COMMUNITY CENTRE (REGISTERED NUMBER: SC234402)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

Bankers
Royal Bank of Scotland
17 North Beach Street
Stornoway
Isle of Lewis
HS1 2XH

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 29 October 2024 and signed on its behalf by:





S S Reynolds - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE CLAN MACQUARRIE COMMUNITY CENTRE



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

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.








Calum Macdonald
The Institute of Chartered Accountants of Scotland

CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

29 October 2024

THE CLAN MACQUARRIE COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2024

31.7.24 31.7.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 582 - 582 3,485

Charitable activities 4
Community Centre 22,510 10,381 32,891 38,466

Investment income 3 982 - 982 -
Other income 6,054 - 6,054 5,355
Total 30,128 10,381 40,509 47,306

EXPENDITURE ON
Charitable activities
Community Centre 33,707 48,894 82,601 72,710

NET INCOME/(EXPENDITURE) (3,579 ) (38,513 ) (42,092 ) (25,404 )


RECONCILIATION OF FUNDS
Total funds brought forward 84,587 379,340 463,927 489,331

TOTAL FUNDS CARRIED FORWARD 81,008 340,827 421,835 463,927

THE CLAN MACQUARRIE COMMUNITY CENTRE (REGISTERED NUMBER: SC234402)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 9 379,211 412,227

CURRENT ASSETS
Stocks 10 1,600 650
Debtors 11 3,051 1,370
Cash at bank 41,219 51,815
45,870 53,835

CREDITORS
Amounts falling due within one year 12 (3,246 ) (2,135 )

NET CURRENT ASSETS 42,624 51,700

TOTAL ASSETS LESS CURRENT LIABILITIES 421,835 463,927

NET ASSETS 421,835 463,927
FUNDS 14
Unrestricted funds 81,008 84,587
Restricted funds 340,827 379,340
TOTAL FUNDS 421,835 463,927

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.


THE CLAN MACQUARRIE COMMUNITY CENTRE (REGISTERED NUMBER: SC234402)

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:





S S Reynolds - Trustee

THE CLAN MACQUARRIE COMMUNITY CENTRE

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 2015)', 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.

The financial statements are prepared in sterling which is the functional currency of the charity.

Going concern
The trustees have assessed the charity's ability to continue as a going concern and do not consider there to be any material uncertainties about the charity's ability to continue as a going concern.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions that affect the amounts reported for assets, liabilities, income and expenditure.

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 assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in future periods should it affect future periods.

The estimates and assumptions which carry a higher degree of risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Useful economic lives of tangible fixed assets
The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. They are amended when necessary to reflect current estimates, future investment, economic utilisation and the physical condition of the assets. See note 9 for details of the values of tangible fixed assets.

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.

Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its objects and activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. The allocation of direct and support costs are analysed in the notes to the financial statements.

THE CLAN MACQUARRIE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


1. ACCOUNTING POLICIES - continued

Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity.

Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. estimated usage.

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 - 4% on cost and no depreciation on land
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost and 5% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £100 are not capitalised.

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.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

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. DONATIONS AND LEGACIES
31.7.24 31.7.23
£    £   
Donations 582 3,485


THE CLAN MACQUARRIE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


3. INVESTMENT INCOME
31.7.24 31.7.23
£    £   
Deposit account interest 982 -

All investment income arises from assets held within the UK.

4. INCOME FROM CHARITABLE ACTIVITIES
31.7.24 31.7.23
Activity £    £   
Other Income Community Centre 181 -
Hall Hires Community Centre 4,889 3,876
Weddings & Functions Community Centre 17,471 6,093
Grants Community Centre 10,350 28,497
32,891 38,466

Grants received, included in the above, are as follows:
31.7.24 31.7.23
£    £   
Comhairle nan Eilean Siar 1,300 17,950
Highlands and Islands Enterprise 5,250 -
Urras Oighreachd Ghabhsainn 1,800 -
Western Isles Development Trust - 1,000
Inspiring Scotland - 9,547
Western Isles Lottery Grant 2,000 -
10,350 28,497

5. NET INCOME/(EXPENDITURE)

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

31.7.24 31.7.23
£    £   
Depreciation - owned assets 43,034 38,971

6. 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.



THE CLAN MACQUARRIE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. STAFF COSTS

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

31.7.24 31.7.23
Charitable activities 1 1

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

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,485 - 3,485

Charitable activities
Community Centre 10,669 27,797 38,466

Other income 5,355 - 5,355
Total 19,509 27,797 47,306

EXPENDITURE ON
Charitable activities
Community Centre 27,050 45,660 72,710

NET INCOME/(EXPENDITURE) (7,541 ) (17,863 ) (25,404 )


RECONCILIATION OF FUNDS
Total funds brought forward 92,128 397,203 489,331

TOTAL FUNDS CARRIED FORWARD 84,587 379,340 463,927


THE CLAN MACQUARRIE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


9. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2023 838,028 21,395 35,068
Additions - - 7,142
At 31 July 2024 838,028 21,395 42,210
DEPRECIATION
At 1 August 2023 502,731 1,141 16,912
Charge for year 32,299 855 6,856
At 31 July 2024 535,030 1,996 23,768
NET BOOK VALUE
At 31 July 2024 302,998 19,399 18,442
At 31 July 2023 335,297 20,254 18,156

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 215,415 780 1,110,686
Additions - 2,876 10,018
At 31 July 2024 215,415 3,656 1,120,704
DEPRECIATION
At 1 August 2023 176,895 780 698,459
Charge for year 2,772 252 43,034
At 31 July 2024 179,667 1,032 741,493
NET BOOK VALUE
At 31 July 2024 35,748 2,624 379,211
At 31 July 2023 38,520 - 412,227


THE CLAN MACQUARRIE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. STOCKS
31.7.24 31.7.23
£    £   
Stocks 1,600 650

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,495 664
Other debtors 1,556 706
3,051 1,370

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 1,478 1,150
Accruals and deferred income 1,768 985
3,246 2,135

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.7.24 31.7.23
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Fixed assets 54,730 324,481 379,211 412,227
Current assets 29,524 16,346 45,870 53,835
Current liabilities (3,246 ) - (3,246 ) (2,135 )
81,008 340,827 421,835 463,927

14. MOVEMENT IN FUNDS
Net
movement At
At 1.8.23 in funds 31.7.24
£    £    £   
Unrestricted funds
General fund 68,404 (1,971 ) 66,433
Community Centre - Designated fund 16,183 (1,608 ) 14,575
84,587 (3,579 ) 81,008
Restricted funds
Community Centre - Capital fund 325,543 (31,047 ) 294,496
Garden Project 40,408 (8,815 ) 31,593
Restricted Funding 13,389 1,349 14,738
379,340 (38,513 ) 340,827
TOTAL FUNDS 463,927 (42,092 ) 421,835

THE CLAN MACQUARRIE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


14. 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 30,128 (32,099 ) (1,971 )
Community Centre - Designated fund - (1,608 ) (1,608 )
30,128 (33,707 ) (3,579 )
Restricted funds
Community Centre - Capital fund - (31,047 ) (31,047 )
Garden Project 32 (8,847 ) (8,815 )
Restricted Funding 10,349 (9,000 ) 1,349
10,381 (48,894 ) (38,513 )
TOTAL FUNDS 40,509 (82,601 ) (42,092 )


Comparatives for movement in funds

Net
movement At
At 1.8.22 in funds 31.7.23
£    £    £   
Unrestricted funds
General fund 74,337 (5,933 ) 68,404
Community Centre - Designated fund 17,791 (1,608 ) 16,183
92,128 (7,541 ) 84,587
Restricted funds
Community Centre - Capital fund 353,045 (27,502 ) 325,543
Garden Project 44,158 (3,750 ) 40,408
Restricted Funding - 13,389 13,389
397,203 (17,863 ) 379,340
TOTAL FUNDS 489,331 (25,404 ) 463,927

THE CLAN MACQUARRIE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


14. 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 19,509 (25,442 ) (5,933 )
Community Centre - Designated fund - (1,608 ) (1,608 )
19,509 (27,050 ) (7,541 )
Restricted funds
Community Centre - Capital fund - (27,502 ) (27,502 )
Garden Project 10,547 (14,297 ) (3,750 )
Restricted Funding 17,250 (3,861 ) 13,389
27,797 (45,660 ) (17,863 )
TOTAL FUNDS 47,306 (72,710 ) (25,404 )

FUNDS

General fund
The general fund represents unrestricted funds which the trustees are free to use in accordance with the charitable objects.

Community Centre - Designated fund
This represents funds designated by the trustees to assist with the planning and design costs of the community centre and the purchase of fixtures, fittings and equipment. The funds are utilised to fund the future depreciation of the capital expenditure.

Community Centre - Capital fund
This represents the funds raised from various organisations to assist in the building of the community centre and the purchase of fixtures, fittings and equipment. The funds are utilised to fund the future depreciation of the capital expenditure.

Garden Project - Restricted fund
This represents the funds raised to establish a Community Garden at the Centre.

Restricted Funding - Restricted fund
This represents the funds raised from various organisations to assist in funding the development officer post and projects within the community centre.


THE CLAN MACQUARRIE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


15. CONTINGENT LIABILITIES

Big Lottery Fund have a standard security over the ground on which the centre is built. This security is taken by the Big Lottery Fund as part of the conditions of grant funding to allow clawback of grant should these conditions not be met.

16. RELATED PARTY DISCLOSURES

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

17. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. The liability of each member in the event of the company being wound up is restricted to £1.

18. PERMANENT ENDOWMENTS

The charity does not have any permanent endowments.