IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.5.23 30.4.24 30.4.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2285672023-04-30SC2285672024-04-30SC2285672023-05-012024-04-30SC2285672022-04-30SC2285672022-05-012023-04-30SC2285672023-04-30SC228567ns0:CharitableCompanyLimitedByGuarantee2023-05-012024-04-30SC228567ns15:PoundSterling2023-05-012024-04-30SC228567ns11:FRS1022023-05-012024-04-30SC228567ns11:IndependentExaminationCharity2023-05-012024-04-30SC228567ns11:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC228567ns11:FullAccounts2023-05-012024-04-30SC228567ns11:CharitiesSORP2023-05-012024-04-30SC228567ns16:EnglandWales2023-05-012024-04-30SC228567ns11:RegisteredOffice2023-05-012024-04-30SC228567ns0:Trustee22023-05-012024-04-30SC228567ns0:Trustee32023-05-012024-04-30SC228567ns0:Trustee42023-05-012024-04-30SC228567ns0:Trustee52023-05-012024-04-30SC228567ns0:Trustee62023-05-012024-04-30SC228567ns0:Trustee12023-05-012024-04-30SC228567ns0:Trustee72023-05-012024-04-30SC228567ns0:TotalUnrestrictedFunds2023-05-012024-04-30SC228567ns0:TotalRestrictedIncomeFunds2023-05-012024-04-30SC228567ns0:Activity92023-05-012024-04-30SC228567ns0:TotalUnrestrictedFundsns0:Activity92023-05-012024-04-30SC228567ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-05-012024-04-30SC228567ns0:Activity92022-05-012023-04-30SC228567ns0:Activity102023-05-012024-04-30SC228567ns0:TotalUnrestrictedFundsns0:Activity102023-05-012024-04-30SC228567ns0:Activity10ns0:TotalRestrictedIncomeFunds2023-05-012024-04-30SC228567ns0:Activity102022-05-012023-04-30SC228567ns0:TotalUnrestrictedFundsns0:Activity82023-05-012024-04-30SC228567ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-05-012024-04-30SC228567ns0:Activity82023-05-012024-04-30SC228567ns0:Activity82022-05-012023-04-30SC228567ns0:Activity112023-05-012024-04-30SC228567ns0:Activity11ns0:TotalUnrestrictedFunds2023-05-012024-04-30SC228567ns0:Activity11ns0:TotalRestrictedIncomeFunds2023-05-012024-04-30SC228567ns0:Activity112022-05-012023-04-30SC228567ns0:Activity122023-05-012024-04-30SC228567ns0:Activity12ns0:TotalUnrestrictedFunds2023-05-012024-04-30SC228567ns0:Activity12ns0:TotalRestrictedIncomeFunds2023-05-012024-04-30SC228567ns0:Activity122022-05-012023-04-30SC228567ns0:TotalUnrestrictedFunds2023-04-30SC228567ns0:TotalRestrictedIncomeFunds2023-04-30SC228567ns0:TotalUnrestrictedFunds2024-04-30SC228567ns0:TotalRestrictedIncomeFunds2024-04-30SC228567ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-04-30SC228567ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-04-30SC228567ns10:WithinOneYear2024-04-30SC228567ns10:WithinOneYear2023-04-30SC228567ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-05-012024-04-30SC228567ns10:PlantMachinery2023-05-012024-04-30SC22856722023-05-012024-04-30SC228567ns10:OwnedAssets2023-05-012024-04-30SC228567ns10:OwnedAssets2022-05-012023-04-30SC228567ns0:TotalUnrestrictedFunds2022-05-012023-04-30SC228567ns0:TotalRestrictedIncomeFunds2022-05-012023-04-30SC228567ns0:TotalUnrestrictedFundsns0:Activity92022-05-012023-04-30SC228567ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-05-012023-04-30SC228567ns0:TotalUnrestrictedFundsns0:Activity102022-05-012023-04-30SC228567ns0:Activity10ns0:TotalRestrictedIncomeFunds2022-05-012023-04-30SC228567ns0:TotalUnrestrictedFundsns0:Activity82022-05-012023-04-30SC228567ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-05-012023-04-30SC228567ns0:Activity12ns0:TotalUnrestrictedFunds2022-05-012023-04-30SC228567ns0:Activity12ns0:TotalRestrictedIncomeFunds2022-05-012023-04-30SC228567ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-04-30SC228567ns10:PlantMachinery2023-04-30SC228567ns10:FurnitureFittings2023-04-30SC228567ns10:FurnitureFittings2023-05-012024-04-30SC228567ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-04-30SC228567ns10:PlantMachinery2024-04-30SC228567ns10:FurnitureFittings2024-04-30SC228567ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-04-30SC228567ns10:PlantMachinery2023-04-30SC228567ns10:FurnitureFittings2023-04-30
REGISTERED COMPANY NUMBER: SC228567 (Scotland)
REGISTERED CHARITY NUMBER: SC032765














Report of the Trustees and

Unaudited Financial Statements For The Year Ended 30 April 2024

for

Glenrinnes Community Centre

Glenrinnes Community Centre






Contents of the Financial Statements
For The Year Ended 30 April 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 12

Glenrinnes Community Centre (Registered number: SC228567)

Report of the Trustees
For The Year Ended 30 April 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 30 April 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
The Charity operates the Glenrinnes Hall (Glen Hall) for the benefit of the residents of Glenrinnes and its environs, ie the surrounding area. The work it does is consistent with this, and in relation to maintaining and improving the Glen Hall for their benefit.

The Charity is dependent on the support of the volunteer Trustees and their families and a wider network of people who collectively put on Events and Activities. The Trustees provide up to approximately 10 hours unpaid service per month, although considerably more in the case of the Chair.

ACHIEVEMENT AND PERFORMANCE
During the year the GCC Council put on a full range of Events and Activities. With the new Committee elected in December it was decided to revamp the activities and carry out regular Big Breakfasts and Coffee mornings. Both events have been well supported. The events raised £6,806. The other main income was from Grants £36,009, but these were reserved for specific items. We carried out refurbishment of the hall with new curtains, tables and chairs. Expenditure was similar to previous year amounting to £21,657. Light and heat reduced by over half to £4,008 and increase in repairs and fundraising expenses as was expected. This results in an overall surplus of £21,657.

FINANCIAL REVIEW
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which covers unrestricted expenditure and provides sufficient funds to cover management, administration and support costs and is sufficient to cover emergency maintenance costs.

The level of unrestricted funds held at the year end was £74,653 of which £51,580 represented fixed assets.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Restricted funds amounted to £7,502 at the year end and to be spent in accordance with the purposes for which they were provided.

The trustees have assessed the major risks to which the charity is exposed.

STRUCTURE, GOVERNANCE AND MANAGEMENT
The company is a recognised charity number SC032765. It is a company limited by guarantee, not having a share capital and is governed by the rules set out in its Memorandum and Articles of Association.

The Charity is administered by the Board of Trustees/Directors/GCC Council, which approved this report.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC228567 (Scotland)

Registered Charity number
SC032765


Glenrinnes Community Centre (Registered number: SC228567)

Report of the Trustees
For The Year Ended 30 April 2024

Registered office
Glenrinnes
Dufftown
Keith
Moray
AB55 4DB

Trustees
Ms M R Leslie (resigned 28.2.24)
R J Macdonald
J de G Parker (resigned 28.2.24)
Ms S Taylor (resigned 28.2.24)
Ms F E Gill (appointed 29.2.24)
A Laing (appointed 29.2.24)
Ms W Stephen (appointed 29.2.24)

Independent Examiner
Alan Long FCA
The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR

Bankers
The Royal Bank of Scotland
209 High Street
Elgin
Moray
IV30 1DL

Approved by order of the board of trustees on 13 December 2024 and signed on its behalf by:





A Laing - Trustee

Independent Examiner's Report to the Trustees of
Glenrinnes Community Centre

I report on the accounts for the year ended 30 April 2024 set out on pages four to twelve.

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.








Alan Long FCA
The Institute of Chartered Accountants in England and Wales

The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR

13 December 2024

Glenrinnes Community Centre

Statement of Financial Activities
For The Year Ended 30 April 2024

30.4.24 30.4.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 7,500 28,667 36,167 50

Charitable activities
Hall hire and refund of expenses 283 - 283 12,481
Fundraising events 6,806 - 6,806 3,918

Investment income 2 366 - 366 101
Other income - - - 500
Total 14,955 28,667 43,622 17,050

EXPENDITURE ON
Raising funds - - - 1,429

Charitable activities
General hall activities
13,192 3,305 16,497 17,395
Fundraising events 2,455 - 2,455 -
Raising funds 550 464 1,014 1,577
Other 1,999 - 1,999 1,989
Total 18,196 3,769 21,965 22,390

NET INCOME/(EXPENDITURE) (3,241 ) 24,898 21,657 (5,340 )
Transfers between funds 9 27,411 (27,411 ) - -
Net movement in funds 24,170 (2,513 ) 21,657 (5,340 )

RECONCILIATION OF FUNDS
Total funds brought forward 50,483 10,015 60,498 65,838

TOTAL FUNDS CARRIED FORWARD 74,653 7,502 82,155 60,498

Glenrinnes Community Centre (Registered number: SC228567)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 51,580 - 51,580 41,522

CURRENT ASSETS
Debtors 7 24,919 - 24,919 206
Cash at bank and in hand 392 7,502 7,894 23,333
25,311 7,502 32,813 23,539

CREDITORS
Amounts falling due within one year 8 (2,238 ) - (2,238 ) (4,563 )

NET CURRENT ASSETS 23,073 7,502 30,575 18,976

TOTAL ASSETS LESS CURRENT
LIABILITIES

74,653

7,502

82,155

60,498

NET ASSETS 74,653 7,502 82,155 60,498
FUNDS 9
Unrestricted funds 74,653 50,483
Restricted funds 7,502 10,015
TOTAL FUNDS 82,155 60,498

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.


Glenrinnes Community Centre (Registered number: SC228567)

Balance Sheet - continued
30 April 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 13 December 2024 and were signed on its behalf by:





A Laing - Trustee

Glenrinnes Community Centre

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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


Freehold property - 4% on cost
Plant and machinery - 25% on cost

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.

2. INVESTMENT INCOME
30.4.24 30.4.23
£    £   
Deposit account interest 366 101


Glenrinnes Community Centre

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

3. NET INCOME/(EXPENDITURE)

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

30.4.24 30.4.23
£    £   
Depreciation - owned assets 7,612 6,776

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 9 41 50

Charitable activities
Hall hire and refund of expenses 12,481 - 12,481
Fundraising events 3,918 - 3,918

Investment income 101 - 101
Other income 500 - 500
Total 17,009 41 17,050

EXPENDITURE ON
Raising funds 1,429 - 1,429

Charitable activities
General hall activities
17,395 - 17,395
Raising funds 1,577 - 1,577
Other 1,989 - 1,989
Total 22,390 - 22,390

NET INCOME/(EXPENDITURE) (5,381 ) 41 (5,340 )
Transfers between funds 3,000 (3,000 ) -
Net movement in funds (2,381 ) (2,959 ) (5,340 )

RECONCILIATION OF FUNDS
Total funds brought forward 52,864 12,974 65,838


Glenrinnes Community Centre

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   
TOTAL FUNDS CARRIED FORWARD 50,483 10,015 60,498

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 May 2023 136,675 18,691 - 155,366
Additions - - 17,670 17,670
Disposals - (260 ) - (260 )
At 30 April 2024 136,675 18,431 17,670 172,776
DEPRECIATION
At 1 May 2023 99,819 14,025 - 113,844
Charge for year 5,511 1,739 362 7,612
Eliminated on disposal - (260 ) - (260 )
At 30 April 2024 105,330 15,504 362 121,196
NET BOOK VALUE
At 30 April 2024 31,345 2,927 17,308 51,580
At 30 April 2023 36,856 4,666 - 41,522

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 24,381 -
Prepayments 538 206
24,919 206


Glenrinnes Community Centre

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 611 3,388
Accrued expenses 1,627 1,175
2,238 4,563

9. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.5.23 in funds funds 30.4.24
£    £    £    £   
Unrestricted funds
General fund 50,483 (3,241 ) 27,411 74,653

Restricted funds
Membership fees 93 158 (93 ) 158
Microgrant fund 8,960 (1,369 ) (247 ) 7,344
Hall Repair fund 462 26,109 (26,571 ) -
Community Centre 500 - (500 ) -
10,015 24,898 (27,411 ) 7,502
TOTAL FUNDS 60,498 21,657 - 82,155

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 14,955 (18,196 ) (3,241 )

Restricted funds
Membership fees 158 - 158
Microgrant fund - (1,369 ) (1,369 )
Hall Repair fund 28,509 (2,400 ) 26,109
28,667 (3,769 ) 24,898
TOTAL FUNDS 43,622 (21,965 ) 21,657


Glenrinnes Community Centre

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.5.22 in funds funds 30.4.23
£    £    £    £   
Unrestricted funds
General fund 52,864 (5,381 ) 3,000 50,483

Restricted funds
Membership fees 52 41 - 93
Microgrant fund 9,460 - (500 ) 8,960
Hall Repair fund 3,462 - (3,000 ) 462
Community Centre - - 500 500
12,974 41 (3,000 ) 10,015
TOTAL FUNDS 65,838 (5,340 ) - 60,498

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 17,009 (22,390 ) (5,381 )

Restricted funds
Membership fees 41 - 41

TOTAL FUNDS 17,050 (22,390 ) (5,340 )

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

Net Transfers
movement between At
At 1.5.22 in funds funds 30.4.24
£    £    £    £   
Unrestricted funds
General fund 52,864 (8,622 ) 30,411 74,653

Restricted funds
Membership fees 52 199 (93 ) 158
Microgrant fund 9,460 (1,369 ) (747 ) 7,344
Hall Repair fund 3,462 26,109 (29,571 ) -
12,974 24,939 (30,411 ) 7,502
TOTAL FUNDS 65,838 16,317 - 82,155

Glenrinnes Community Centre

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

9. 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 Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 31,964 (40,586 ) (8,622 )

Restricted funds
Membership fees 199 - 199
Microgrant fund - (1,369 ) (1,369 )
Hall Repair fund 28,509 (2,400 ) 26,109
28,708 (3,769 ) 24,939
TOTAL FUNDS 60,672 (44,355 ) 16,317

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2024.