REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements for the Year Ended 31 March 2024 |
for |
URACHADH UIBHIST |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
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 |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
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 |
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 |
Charitable activities |
Nursery | - | - | - | 53,292 |
Other trading activities | 3 |
Total |
EXPENDITURE ON |
Charitable activities |
Nursery | - | - | - | 55,880 |
Premises costs (nursery & other core activities) | 18,033 | 3,688 | 21,721 | 22,720 |
Total |
Net gains/(losses) on investments | ( | ) |
NET INCOME/(EXPENDITURE) | ( | ) | ( | ) | ( | ) | ( | ) |
Transfers between funds | 13 | (685 | ) | 685 | - | - |
Net movement in funds | ( | ) | ( | ) | ( | ) | ( | ) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 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 |
Investments | 10 |
CURRENT ASSETS |
Debtors | 11 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 12 | ( | ) | ( | ) | ( | ) | ( | ) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 13 |
Unrestricted funds | 166,247 |
Restricted funds | 39,377 |
TOTAL FUNDS | 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 |
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 | - |
Long leasehold | - |
Fixtures and fittings | - |
Computer 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. |
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 |
Grants |
Other income |
Membership | 226 | - |
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 |
Surplus on disposal of fixed assets | ( | ) |
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 | 14 |
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 |
Charitable activities |
Nursery | 53,292 | - | 53,292 |
Total |
EXPENDITURE ON |
Charitable activities |
1,242 | - |
Nursery | 55,134 | 746 | 55,880 |
Premises costs (nursery & other core activities) | 21,914 | 806 | 22,720 |
Total |
Net gains/(losses) on investments | ( | ) | ( | ) |
NET INCOME/(EXPENDITURE) | ( | ) | ( | ) | ( | ) |
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 | ( | ) | ( | ) | ( | ) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 240,743 | 59,268 |
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 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
Eliminated on disposal |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
Eliminated on disposal |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
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 |
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: |
Registered office: Claddach Kirkibost Centre, Claddach Kirkibost, Isle of North Uist, HS6 5EP |
Nature of business: Cafe and shop |
% |
Class of share: | holding |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
UU Trading was struck from the Register of Companies on 30 July 2024. |
Registered office: Claddach Kirkibost Centre, Claddach Kirkibost, Isle of North Uist, HS6 5EP |
Nature of business: Food production |
% |
Class of share: | holding |
£ | £ |
Aggregate capital and reserves |
(Loss)/profit for the year | ( | ) |
11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
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 |
Credit card account | - | 176 |
Accrued expenses |
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 |
(10,468 | ) | ( | ) |
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 |
(17,892 | ) |
TOTAL FUNDS | (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 | ) |
( | ) | (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 | ) |
( | ) | (17,892 | ) |
TOTAL FUNDS | ( | ) | (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 |