REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
HEBRIDES ALPHA PROJECT |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
HEBRIDES ALPHA PROJECT |
HEBRIDES ALPHA PROJECT |
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 | 15 |
HEBRIDES ALPHA PROJECT (REGISTERED NUMBER: SC294898) |
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 company's objectives are to: |
1 To provide within the supported accommodation unit a secure and safe 'alcohol and drug' free environment for persons with personal and social difficulties in keeping with care standards as outlined by the Care Inspectorate for Scotland (SCSWIS) |
2 To provide an 'on site' (see above) support service through trained and caring support staff and through co-operation with the local Health Board, the local authority or the Hebridean Housing Partnership. |
3 To provide a person-centred therapeutic and life-skills programme, on a one-to-one and if relevant, a group basis, meeting the assessed needs of the individuals within the project. This includes a positive use of time and preparation for work through the therapeutic employment initiative. |
4 To ensure through an appropriately structured tenancy agreement that the boundaries set out within the project are made clear and maintained and that each resident using the housing facility is protected from influences within the house which may be detrimental to their progress and recovery. The tenancy agreement includes guidelines in relation to discharge and termination of tenancy. |
5 To liaise as appropriate with the local authority, Hebridean Housing Partnership and other agencies for the benefit of residents within the project. |
6 To ensure that staff training and support are a regular feature of the project's life. |
7 To maintain accountability and to meet all the requirements set out by law as are relevant to a charitable company limited by guarantee. |
8 To ensure as part of a general commitment to anti-discriminatory practice that the project is open to any person who meets the entrance criteria regardless of their personal faith or non-faith position. |
9 To ensure best practice for the protection of residents and staff against Covid-19. |
Significant activities |
Objectives for the year are as above and to seek also to achieve a regular income stream to ensure that the project can be sustainable in the longer term should the demand for the service continue. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Principal activity |
The principal activity of the company in the year under review was that of providing the therapeutic service described above to all residents who entered the accommodation. |
Fundraising activities |
The project has continued to receive funding through the local Alcohol and Drug Partnership together with grant aid contributions from Corra Foundation, CNES, Western Isles Development Trust and the DMH Trust. |
Private Donations also comprise a small part of the project's income as does revenue through Housing Benefit paid for each resident's accommodation. |
The Board of Directors along with the staff will work together seeking financial aid to assist the unit to gain funding for subsequent years. |
HEBRIDES ALPHA PROJECT (REGISTERED NUMBER: SC294898) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
FINANCIAL REVIEW |
Reserves policy |
The trustees have examined the company's requirements for reserves considering the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of operating costs, calculated and reviewed annually. The trustees aim to meet this requirement over the next 3 years. The trustees deem that these reserves are necessary to enable them to have the confidence to manage the resources of the company without limiting its main objective of providing a residential programme for recovery from alcohol or drug misuse. |
There was a surplus of income over expenditure for the period £58,708 (2023 - surplus £61,864). The unrestricted reserves balance of £230,213 (2023 - £162,860) is considered by the trustees to be sufficient to meet the funding requirements of ongoing projects at the year end. |
FUTURE PLANS |
Hebrides Alpha Project's objectives for the next period are as follows: |
Continue to focus on the core Aims and Objectives as described in a previous section. |
Continue to promote and facilitate access to continued professional development for all staff and maintain Scottish Social Services Council registration. |
An arts and crafts studio is now on site and to be integrated into the projects program of activities. |
WE ARE GRATEFUL AND APPRECIATE VERY MUCH ALL WHO HAVE SUPPORTED US IN 2023-24. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The organisation is a company limited by guarantee and is registered as a Scottish charity. 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 winding-up of the company any property remaining after satisfaction of all the company's debts and liabilities will be transferred to some other charitable body or bodies whose objects are altogether or in part similar to those of the company. |
Recruitment and appointment of new trustees |
The directors of the company are also charity trustees for the purposes of charity law. All members are eligible to vote in elections. The Board of Directors at any given time is made up of a minimum of three directors. |
The Board make-up ensures even representation across the sector served by the company's objects, including persons who have had experience in recovery from substance misuse, who have experience operationally in delivery of alcohol and drug services and who have experience of governance within the statutory sector. |
Organisational structure |
Hebrides Alpha Project has a Board of Directors which meets quarterly and is responsible for the strategic direction and policy of the charity. |
A system of delegation is in place under which the translation of policy into strategy is undertaken by the Project Manager in consultation with the Board of Directors and the day-to-day implementation of strategy and direction of operational policy is undertaken by the Project Manager. |
The Project Manager is responsible for ensuring that the charity delivers the core service as described in its Aims and Objectives. The Project Manager is responsible for the day-to-day management of accounting and information systems. |
Induction and training of new trustees |
Trustees are already familiar with the practical work of the charity as representatives either of local churches, local self-help groups, the business sector and other relevant disciplines. |
New trustees are invited to undertake a short tour of the company's premises in order to familiarise themselves with the practical work of the charity. New trustees are also provided with copies of the main documents which set out the operational framework for the charity, including the Memorandum and Articles of Association, latest published accounts and Annual Reports. |
HEBRIDES ALPHA PROJECT (REGISTERED NUMBER: SC294898) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Related parties |
Hebrides Alpha Project has a wholly owned subsidiary company, Hebrides Alpha Trading CIC. |
At their meeting on 31 August 2022, the Directors of the subsidiary company, Hebrides Alpha Trading CIC, made the decision to cease trading on 31 October 2022. This decision was made as a result of the severe, ongoing decrease in potential service users in recent years which has been exacerbated by the impact of the COVID-19 Pandemic and the accompanying restrictions. |
The subsidiary company was in a strong financial position and the funds held at cessation of £73,937 were transferred to the charity. |
The subsidiary company was formally dissolved on 30 April 2024. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
CIB Services |
Chartered Accountants |
63 Kenneth Street |
Stornoway |
Isle of Lewis |
Western Isles |
HS1 2DS |
Senior Management Team |
Stephen MacDougall |
Bankers |
Bank of Scotland |
St Andrews Square |
Edinburgh |
EH2 2YR |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
HEBRIDES ALPHA PROJECT |
I report on the accounts for the year ended 31 March 2024 set out on pages five 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. |
Calum Macdonald BA CA |
The Institute of Chartered Accountants of Scotland |
CIB Services |
Chartered Accountants |
63 Kenneth Street |
Stornoway |
Isle of Lewis |
Western Isles |
HS1 2DS |
29 November 2024 |
HEBRIDES ALPHA PROJECT |
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 |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 3 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities | 4 |
Net gains/(losses) on investments | ( |
) | ( |
) |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 197,410 |
HEBRIDES ALPHA PROJECT (REGISTERED NUMBER: SC294898) |
BALANCE SHEET |
31 MARCH 2024 |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 11 |
Investments | 12 |
CURRENT ASSETS |
Debtors | 13 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 14 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 15 |
Unrestricted funds | 162,860 |
Restricted funds | 34,550 |
TOTAL FUNDS | 197,410 |
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. |
HEBRIDES ALPHA PROJECT (REGISTERED NUMBER: SC294898) |
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 |
HEBRIDES ALPHA PROJECT |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 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 11 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. |
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 | - |
HEBRIDES ALPHA PROJECT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Office equipment | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
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. |
2. | DONATIONS AND LEGACIES |
31.3.24 | 31.3.23 |
£ | £ |
Donations |
Donation received from subsidiary |
3. | INCOME FROM CHARITABLE ACTIVITIES |
31.3.24 | 31.3.23 |
Activity | £ | £ |
Rental income | Supported Living | 29,855 | 30,763 |
Service User Payments | Supported Living | 3,640 | 3,390 |
Grants | Supported Living | 134,692 | 143,225 |
Grants received, included in the above, are as follows: |
31.3.24 | 31.3.23 |
£ | £ |
Alcohol and Drug Programme | - | 98,500 |
Alcohol and Drug Organisation | 92,492 | - |
Comhairle nan Eilean Siar | 5,000 | - |
Corra Foundation | 33,000 | 30,000 |
Inspiring Scotland | - | 3,725 |
Hope Trust | - | 3,500 |
Robertson Trust | - | 7,500 |
Western Isles Development Trust | 1,200 | - |
DMH Trust | 3,000 | - |
134,692 | 143,225 |
HEBRIDES ALPHA PROJECT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
4. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 5) | note 6) | Totals |
£ | £ | £ |
Supported Living | 200,834 | 876 | 201,710 |
5. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
31.3.24 | 31.3.23 |
£ | £ |
Staff costs | 138,517 | 150,779 |
Rates and water | 772 | - |
Insurance | 3,452 | 3,064 |
Light and heat | 4,397 | 6,336 |
Telephone | 1,858 | 1,864 |
Postage and stationery | 512 | 433 |
Advertising | 357 | - |
Council tax | 3,704 | 3,528 |
Rent | 15,810 | 16,063 |
Travel | - | (240 | ) |
Training | 2,341 | 1,027 |
Repairs and renewals | 1,873 | 705 |
Premises and maintenance | 6,698 | 4,615 |
Recreation and resident costs | 1,267 | 670 |
Food and provisions | 1,216 | 1,284 |
Books | 32 | 161 |
IT Support | 2,674 | - |
Motor expenses | 2,827 | 3,822 |
Care equipment and fees | - | 711 |
Professional Fees | 1,240 | - |
Payroll fees | 975 | 794 |
General charges | 1,339 | 2,582 |
Depreciation | 8,973 | 10,300 |
200,834 | 208,498 |
6. | SUPPORT COSTS |
Governance |
Finance | costs | Totals |
£ | £ | £ |
Supported Living | 35 | 841 | 876 |
HEBRIDES ALPHA PROJECT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
6. | SUPPORT COSTS - continued |
Support costs, included in the above, are as follows: |
31.3.24 | 31.3.23 |
Supported | Total |
Living | activities |
£ | £ |
Bank charges | 35 | 74 |
Accountancy fees | 841 | 960 |
876 | 1,034 |
7. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.24 | 31.3.23 |
£ | £ |
Depreciation - owned assets |
Surplus on disposal of fixed assets | ( |
) |
8. | 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. |
9. | STAFF COSTS |
31.3.24 | 31.3.23 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
138,517 | 150,779 |
The average monthly number of employees during the year was as follows: |
31.3.24 | 31.3.23 |
Supported living |
HEBRIDES ALPHA PROJECT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) |
Transfers between funds | (44,850 | ) | 44,850 | - |
Net movement in funds |
RECONCILIATION OF FUNDS |
Total funds brought forward | 136,285 | (739 | ) |
TOTAL FUNDS CARRIED FORWARD | 162,860 | 34,550 | 197,410 |
11. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
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 |
HEBRIDES ALPHA PROJECT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
11. | TANGIBLE FIXED ASSETS - continued |
Motor | Office |
vehicles | 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 |
12. | FIXED ASSET INVESTMENTS |
There were no investment assets outside the UK. |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Registered office: The Old Casting Shed, Rigs Road, Stornoway, Isle of Lewis, HS1 2RF |
Nature of business: Window cleaning and recycling collections. |
% |
Class of share: | holding |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Amounts owed by group undertakings |
HEBRIDES ALPHA PROJECT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Social security and other taxes |
Accrued expenses |
15. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.23 | in funds | 31.3.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 162,860 | 67,353 | 230,213 |
Restricted funds |
Capital Fund | 34,550 | (8,645 | ) | 25,905 |
TOTAL FUNDS | 58,708 | 256,118 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 125,728 | (58,373 | ) | (2 | ) | 67,353 |
Restricted funds |
Restricted General Fund | 134,692 | (134,692 | ) | - | - |
Capital Fund | - | (8,645 | ) | - | (8,645 | ) |
( |
) | (8,645 | ) |
TOTAL FUNDS | ( |
) | ( |
) | 58,708 |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 136,285 | 71,425 | (44,850 | ) | 162,860 |
Restricted funds |
Restricted General Fund | (739 | ) | 739 | - | - |
Capital Fund | - | (10,300 | ) | 44,850 | 34,550 |
(739 | ) | (9,561 | ) | 44,850 | 34,550 |
TOTAL FUNDS | 135,546 | 61,864 | - | 197,410 |
HEBRIDES ALPHA PROJECT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
15. | 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 | 128,171 | (56,746 | ) | 71,425 |
Restricted funds |
Restricted General Fund | 143,225 | (142,486 | ) | 739 |
Capital Fund | - | (10,300 | ) | (10,300 | ) |
143,225 | (152,786 | ) | (9,561 | ) |
TOTAL FUNDS | 271,396 | (209,532 | ) | 61,864 |
16. | RELATED PARTY DISCLOSURES |
The charity has received a donation of £73,937 (2023 - £71,404) from Hebrides Alpha Trading CIC in respect of the year ended 31 March 2024. This donation has been made under the gift aid scheme. The balance due from Hebrides Alpha Trading CIC at 31 March 2024 is nil (2023 - £71,402). Hebrides Alpha Trading CIC was dissolved on 30 April 2024. |