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REGISTERED COMPANY NUMBER: SC160308 (Scotland)

REGISTERED CHARITY NUMBER: SC024080















Report of the Trustees and

Financial Statements for the Year Ended 31 March 2024

for


URACHADH UIBHIST


URACHADH UIBHIST







Contents of the Financial Statements

for the Year Ended 31 March 2024






Page




Report of the Trustees  

1


to


2



Independent Examiner's Report  

3




Statement of Financial Activities  

4




Balance Sheet  

5


to


6



Notes to the Financial Statements  

7


to


17


URACHADH UIBHIST (REGISTERED NUMBER: SC160308)


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 activities

The company's principal objective is to relieve poverty and advance the education of the residents of Uist by the following means:

- the provision of education and training in skills of all kinds, particularly such as will assist the residents of Uist in obtaining paid employment; and

- the promotion of the implementation of schemes of industry and commerce for the benefit of the public in Uist, also through the provision of workspaces at Claddach Kirkibost Centre.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Trustees have continued to make CKC a viable centre without the role of a centre manager through 2023. In 2024, some funding was received from Crown Estate Fund for a member of staff to help with the general office administration of Claddach Kirkibost Centre as a whole. The last of the former staff left in May 2023 with nursery staff having transferred to local council in August 2022.

Without the support of the turbine for 4 years - ( a loss of £ 40,000 ), trustees have found it difficult to maintain adequate funding and have used most of the remaining funds. Trustees have now been able to maximise the use of all available spaces in CKC building, providing community gym, enlarged hair and beauty salon, office spaces, artist studio, Gaelic language school. UU trustees are proud that all these small enterprises contribute to the wider economy of North Uist

FINANCIAL REVIEW

Principal funding sources

The principle funding sources in the year under review were a grant from Comhairle nan Eilean Siar along with income from the provision of office space to tenants.

Reserves policy

The charity does not have a specific policy in relation to the retention of free reserves. At 31 March 2024 the charity had unrestricted free reserves of £8,438 if tangible fixed assets and investments are disregarded. This compares to £556 at 31 March 2023.

FUTURE PLANS

With one remaining space now available, trustees plan to open a thrift shop for North Uist to complement the two in South Uist and Benbecula (these have been operating for 15  years). Trustees hope this will contribute to reducing waste, promoting recycling and provide an income resource for the charity.


Trustees will continue to seek additional members of the board and groups of volunteer to help with particular aspect of CKC activities.


It is hoped that CKC will maintain its status as a social and inclusive community hub for the benefit of all North UIst residents


Trustees are pleased that the turbine has recently resumed operation in October 2024.


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a memorandum of association which constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.



URACHADH UIBHIST (REGISTERED NUMBER: SC160308)


Report of the Trustees

for the Year Ended 31 March 2024



STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The company is managed by a board of directors ('the trustees") who are appointed in general meeting by the members, except that the trustees have power to appoint further trustees, including one individual nominated by Western Isles Enterprise. All members and trustees are entitled to one vote at general meetings. No person is entitled to an additional or casting vote.

Related parties

Transactions in the year are disclosed in the notes to the financial statements.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC160308 (Scotland)


Registered Charity number

SC024080


Registered office

Claddach Kirkibost Centre

Claddach Kirkibost

Isle of North Uist

HS6 5EP


Trustees

A H Campbell

U Robertson

L A Maclean

L Cook (appointed 10.10.23)

M Hocine (appointed 10.10.23)

F A Lett (appointed 10.10.23)

L Maclean (appointed 10.10.23)

J Morrison (appointed 10.10.23)


Company Secretary

A H Campbell


Independent Examiner

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF


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 27 December 2024 and signed on its behalf by:






A H Campbell - Trustee


Independent Examiner's Report to the Trustees of

Urachadh Uibhist


I report on the accounts for the year ended 31 March 2024 set out on pages four 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.









John E Moffat BA FCA

The Institute of Chartered Accountants in England and Wales


Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF


27 December 2024


URACHADH UIBHIST


Statement of Financial Activities

for the Year Ended 31 March 2024



31.3.24


31.3.23


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

2

3,855


12,501


16,356


28,032



Charitable activities

Other Core activities

16,203


-


16,203


12,243


Nursery

-


-


-


53,292



Other trading activities

3

347


-


347


-


Total

20,405


12,501


32,906


93,567



EXPENDITURE ON

Charitable activities

Governance costs

1,025


607


1,632


1,242


Other Core activities

11,815


26,098


37,913


95,093


Administration costs (nursery & other core activities)  

-


-


-


3,017


Nursery

-


-


-


55,880


Premises costs (nursery & other core activities)

18,033


3,688


21,721


22,720


Total

30,873


30,393


61,266


177,952



Net gains/(losses) on investments

-


-


-


(10,002

)


NET INCOME/(EXPENDITURE)

(10,468

)

(17,892

)

(28,360

)

(94,387

)

Transfers between funds

13

(685

)

685


-


-


Net movement in funds

(11,153

)

(17,207

)

(28,360

)

(94,387

)


RECONCILIATION OF FUNDS

Total funds brought forward

166,247


39,377


205,624


300,011



TOTAL FUNDS CARRIED FORWARD

155,094


22,170


177,264


205,624



URACHADH UIBHIST (REGISTERED NUMBER: SC160308)


Balance Sheet

31 March 2024



31.3.24


31.3.23


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


FIXED ASSETS


Tangible assets

9

146,654


9,406


156,060


173,979


Investments

10

2


-


2


2


146,656


9,406


156,062


173,981



CURRENT ASSETS


Debtors

11

5,262


-


5,262


12,284


Prepayments and accrued income

-


-


-


1,581


Cash at bank

4,814


12,765


17,579


21,325


10,076


12,765


22,841


35,190



CREDITORS


Amounts falling due within one year

12

(1,638

)

(1

)

(1,639

)

(3,547

)


NET CURRENT ASSETS

8,438


12,764


21,202


31,643



TOTAL ASSETS LESS CURRENT

LIABILITIES

155,094


22,170


177,264


205,624



NET ASSETS

155,094


22,170


177,264


205,624


FUNDS

13

Unrestricted funds

155,094


166,247


Restricted funds

22,170


39,377


TOTAL FUNDS

177,264


205,624



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.


URACHADH UIBHIST (REGISTERED NUMBER: SC160308)


Balance Sheet - continued

31 March 2024


These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime.



The financial statements were approved by the Board of Trustees and authorised for issue on 27 December 2024 and were signed on its behalf by:






A H Campbell - Trustee


URACHADH UIBHIST


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 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, with the exception of investments which are included at market value.



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.



Income from charitable activities includes grants for specific purposes, income from service level agreements and other fees and income raised from activities carried out in furtherance of the charitable objectives.



Donated services and facilities are recorded as they are received and are recognised in the SOFA when a reliable measurement can be made of their value.



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 expenditure comprises those costs incurred by the company in the delivery of its activities and services to beneficiaries.  It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them.  Support costs in connection with generating voluntary and investment income are not significant and have therefore not been apportioned.



Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.



Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Wind Turbine

-

5% depreciation on cost


Long leasehold

-

in accordance with the property


Fixtures and fittings

-

15% depreciation on reducing balance


Computer equipment

-

25% depreciation 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.

A designated fund is that part of the charity's unrestricted funds that the charity trustees have decided to earmark or designate for a particular purpose.


URACHADH UIBHIST


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


1.

ACCOUNTING POLICIES - continued



Fund accounting

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

2,743


97




Grants

12,500


24,608




Other income

887


3,327




Membership

226


-



16,356


28,032





Grants received, included in the above, are as follows:



31.3.24


31.3.23

£   

£   



CNES

12,500


21,907




Highlands & Islands Enterprise

-


2,701



12,500


24,608




3.

OTHER TRADING ACTIVITIES


31.3.24


31.3.23

£   

£   



Turbine income

347


-




4.

NET INCOME/(EXPENDITURE)



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




31.3.24


31.3.23

£   

£   



Depreciation - owned assets

21,721


23,031




Surplus on disposal of fixed assets

(5,502

)

-





URACHADH UIBHIST


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


5.

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.


6.

STAFF COSTS



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



31.3.24


31.3.23


Administrative

1


14





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


7.

EXCEPTIONAL ITEMS 2023


Shortly after the year end the subsidiary company UU Trading ceased to trade. It will be unable to repay its loan to the charity and as such the loan of £15,632 has been written off at 31 March 2023 and included within exceptional items.

8.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

2,164


25,868


28,032




Charitable activities


Other Core activities

12,243


-


12,243



Nursery

53,292


-


53,292



Total

67,699


25,868


93,567




EXPENDITURE ON


Charitable activities


Governance costs

1,242


-


1,242



Other Core activities

44,085


51,008


95,093



Administration costs (nursery & other core activities)  

2,957


60


3,017



Nursery

55,134


746


55,880



Premises costs (nursery & other core

activities)

21,914


806


22,720



Total

125,332


52,620


177,952




Net gains/(losses) on investments

(10,002

)

-


(10,002

)



NET INCOME/(EXPENDITURE)

(67,635

)

(26,752

)

(94,387

)


Transfers between funds

(6,860

)

6,860


-



URACHADH UIBHIST


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


8.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   



Net movement in funds

(74,495

)

(19,892

)

(94,387

)



RECONCILIATION OF FUNDS


Total funds brought forward

240,743


59,268


300,011




TOTAL FUNDS CARRIED FORWARD

166,248


39,376


205,624



9.

TANGIBLE FIXED ASSETS


Fixtures


Wind


Long


and


Turbine


leasehold


fittings

£   

£   

£   



COST


At 1 April 2023

58,269


346,186


164,745




Additions

1,200


-


4,400




At 31 March 2024

59,469


346,186


169,145




DEPRECIATION


At 1 April 2023

26,708


247,775


124,300




Charge for year

1,578


13,936


5,375




Eliminated on disposal

-


-


-




At 31 March 2024

28,286


261,711


129,675




NET BOOK VALUE


At 31 March 2024

31,183


84,475


39,470




At 31 March 2023

31,561


98,411


40,445




Motor


Computer



vehicles


equipment


Totals

£   

£   

£   



COST


At 1 April 2023

8,500


14,662


592,362




Additions

-


-


5,600




At 31 March 2024

8,500


14,662


597,962




DEPRECIATION


At 1 April 2023

6,102


13,498


418,383




Charge for year

600


232


21,721




Eliminated on disposal

1,798


-


1,798




At 31 March 2024

8,500


13,730


441,902




NET BOOK VALUE


At 31 March 2024

-


932


156,060




At 31 March 2023

2,398


1,164


173,979




URACHADH UIBHIST


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


10.

FIXED ASSET INVESTMENTS


Shares in


group


undertakings

£   



MARKET VALUE


At 1 April 2023 and 31 March 2024

2




NET BOOK VALUE


At 31 March 2024

2




At 31 March 2023

2





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:



UU Trading Limited


Registered office: Claddach Kirkibost Centre, Claddach Kirkibost, Isle of North Uist, HS6 5EP


Nature of business: Cafe and shop


%


Class of share:

holding



Ordinary

100




31.3.24

31.3.22

£   

£   



Aggregate capital and reserves

-


3,676




Profit for the year

-


71,209




UU Trading was struck from the Register of Companies on 30 July 2024.


Hebridean Kitchen Ltd


Registered office: Claddach Kirkibost Centre, Claddach Kirkibost, Isle of North Uist, HS6 5EP


Nature of business: Food production


%


Class of share:

holding



Ordinary

100




31.3.24

31.3.23

£   

£   



Aggregate capital and reserves

17


3,305




(Loss)/profit for the year

(3,288

)

2,687




11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.3.24


31.3.23

£   

£   



Trade debtors

2,912


12,233




Amounts owed by group undertakings

2,051


51




Other debtors

299


-



5,262


12,284





URACHADH UIBHIST


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.3.24


31.3.23

£   

£   



Trade creditors

39


1,813




Credit card account

-


176




Accrued expenses

1,600


1,558



1,639


3,547




13.

MOVEMENT IN FUNDS


Net


Transfers




movement


between


At



At 1.4.23


in funds


funds


31.3.24


£   

£   

£   

£   



Unrestricted funds


General fund

26,907


4,418


(1,925

)

29,400




Designated fund - Claddach Kirkibost

Centre

98,411


(11,835

)

-


86,576




Designated fund - Wind turbine

31,733


(1,578

)

-


30,155




Designated fund - Computer equipment

931


(233

)

-


698




Designated fund - Claddach Kirkibost

Centre furnishings & equipment

8,265


(1,240

)

1,240


8,265



166,247


(10,468

)

(685

)

155,094




Restricted funds


Designated fund - EV chargers

3,452


431


685


4,568




Adapt & Thrive

13,457


(5,252

)

-


8,205




Crown Estate Project B

14,800


(5,417

)

-


9,383




Crown Estate Project D

7,668


(7,654

)

-


14



39,377


(17,892

)

685


22,170




TOTAL FUNDS

205,624


(28,360

)

-


177,264




URACHADH UIBHIST


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


13.

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

4,932


(514

)

4,418




Designated fund - Claddach Kirkibost

Centre

15,474


(27,309

)

(11,835

)



Designated fund - Wind turbine

-


(1,578

)

(1,578

)



Designated fund - Computer equipment

(1

)

(232

)

(233

)



Designated fund - Claddach Kirkibost

Centre furnishings & equipment

-


(1,240

)

(1,240

)


20,405


(30,873

)

(10,468

)



Restricted funds


Designated fund - EV chargers

-


431


431




Adapt & Thrive

-


(5,252

)

(5,252

)



Crown Estate Project B

12,501


(17,918

)

(5,417

)



Crown Estate Project D

-


(7,654

)

(7,654

)


12,501


(30,393

)

(17,892

)



TOTAL FUNDS

32,906


(61,266

)

(28,360

)




URACHADH UIBHIST


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


13.

MOVEMENT IN FUNDS - continued



Comparatives for movement in funds



Net


Transfers




movement


between


At



At 1.4.22


in funds


funds


31.3.23


£   

£   

£   

£   



Unrestricted funds


General fund

48,545


(39,805

)

18,167


26,907




Designated fund - Claddach Kirkibost

Centre

112,346


(13,935

)

-


98,411




Designated fund - Wind turbine

42,110


(10,377

)

-


31,733




Designated fund - Computer equipment

1,240


(309

)

-


931




Designated fund - Claddach Kirkibost

Centre furnishings & equipment

9,723


(1,458

)

-


8,265




Nursery

26,779


(1,752

)

(25,027

)

-



240,743


(67,636

)

(6,860

)

166,247




Restricted funds


Designated fund - EV chargers

4,258


(806

)

-


3,452




Adapt & Thrive

40,469


(27,012

)

-


13,457




Crown Estate Project A

1,208


(1,208

)

-


-




Crown Estate Project B

-


-


14,800


14,800




Events

2,800


(2,800

)

-


-




Life Changes Trust

7,940


-


(7,940

)

-




Wild Things

2,593


(2,593

)

-


-




Crown Estate Project D

-


7,668


-


7,668



59,268


(26,751

)

6,860


39,377




TOTAL FUNDS

300,011


(94,387

)

-


205,624




URACHADH UIBHIST


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


13.

MOVEMENT IN FUNDS - continued



Comparative 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

3,891


(33,694

)

(10,002

)

(39,805

)



Designated fund - Claddach Kirkibost

Centre

10,428


(24,363

)

-


(13,935

)



Designated fund - Wind turbine

(1

)

(10,376

)

-


(10,377

)



Designated fund - Computer equipment

1


(310

)

-


(309

)



Designated fund - Claddach Kirkibost

Centre furnishings & equipment

-


(1,458

)

-


(1,458

)



Nursery

53,380


(55,132

)

-


(1,752

)


67,699


(125,333

)

(10,002

)

(67,636

)



Restricted funds


Designated fund - EV chargers

-


(806

)

-


(806

)



Adapt & Thrive

-


(27,012

)

-


(27,012

)



Crown Estate Project A

-


(1,208

)

-


(1,208

)



Events

-


(2,800

)

-


(2,800

)



Vision Plan

9,608


(9,608

)

-


-




Milk & Snack

746


(746

)

-


-




Wild Things

514


(3,107

)

-


(2,593

)



Crown Estate Project D

15,000


(7,332

)

-


7,668



25,868


(52,619

)

-


(26,751

)



TOTAL FUNDS

93,567


(177,952

)

(10,002

)

(94,387

)



URACHADH UIBHIST


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


13.

MOVEMENT IN FUNDS - continued



A current year 12 months and prior year 12 months combined position is as follows:



Net


Transfers




movement


between


At



At 1.4.22


in funds


funds


31.3.24


£   

£   

£   

£   



Unrestricted funds


General fund

48,545


(35,387

)

16,242


29,400




Designated fund - Claddach Kirkibost

Centre

112,346


(25,770

)

-


86,576




Designated fund - Wind turbine

42,110


(11,955

)

-


30,155




Designated fund - Computer equipment

1,240


(542

)

-


698




Designated fund - Claddach Kirkibost

Centre furnishings & equipment

9,723


(2,698

)

1,240


8,265




Nursery

26,779


(1,752

)

(25,027

)

-



240,743


(78,104

)

(7,545

)

155,094




Restricted funds


Designated fund - EV chargers

4,258


(375

)

685


4,568




Adapt & Thrive

40,469


(32,264

)

-


8,205




Crown Estate Project A

1,208


(1,208

)

-


-




Crown Estate Project B

-


(5,417

)

14,800


9,383




Events

2,800


(2,800

)

-


-




Life Changes Trust

7,940


-


(7,940

)

-




Wild Things

2,593


(2,593

)

-


-




Crown Estate Project D

-


14


-


14



59,268


(44,643

)

7,545


22,170




TOTAL FUNDS

300,011


(122,747

)

-


177,264




URACHADH UIBHIST


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


13.

MOVEMENT IN FUNDS - continued



A current year 12 months and prior year 12 months combined 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

8,823


(34,208

)

(10,002

)

(35,387

)



Designated fund - Claddach Kirkibost

Centre

25,902


(51,672

)

-


(25,770

)



Designated fund - Wind turbine

(1

)

(11,954

)

-


(11,955

)



Designated fund - Computer equipment

-


(542

)

-


(542

)



Designated fund - Claddach Kirkibost

Centre furnishings & equipment

-


(2,698

)

-


(2,698

)



Nursery

53,380


(55,132

)

-


(1,752

)


88,104


(156,206

)

(10,002

)

(78,104

)



Restricted funds


Designated fund - EV chargers

-


(375

)

-


(375

)



Adapt & Thrive

-


(32,264

)

-


(32,264

)



Crown Estate Project A

-


(1,208

)

-


(1,208

)



Crown Estate Project B

12,501


(17,918

)

-


(5,417

)



Events

-


(2,800

)

-


(2,800

)



Vision Plan

9,608


(9,608

)

-


-




Milk & Snack

746


(746

)

-


-




Wild Things

514


(3,107

)

-


(2,593

)



Crown Estate Project D

15,000


(14,986

)

-


14



38,369


(83,012

)

-


(44,643

)



TOTAL FUNDS

126,473


(239,218

)

(10,002

)

(122,747

)




Transfers between funds



The Trustees are satisfied that the restricted funds have been spent in line with the grant purposes.  The fund accounting presentation in the annual accounts has not been as precise due to misposting of expenditure between funds by charity staff especially in the periods affected by covid.



In order to ensure that the accounts are carrying the correct closing balances for funds a number of fund transfers have been processed in the year to correct the position.


14.

RELATED PARTY DISCLOSURES



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