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 false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3985892023-04-30SC3985892024-04-30SC3985892023-05-012024-04-30SC3985892022-04-30SC3985892022-05-012023-04-30SC3985892023-04-30SC398589ns0:CharitableCompanyLimitedByGuarantee2023-05-012024-04-30SC398589ns15:PoundSterling2023-05-012024-04-30SC398589ns11:FRS1022023-05-012024-04-30SC398589ns11:IndependentExaminationCharity2023-05-012024-04-30SC398589ns11:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC398589ns11:FullAccounts2023-05-012024-04-30SC398589ns11:CharitiesSORP2023-05-012024-04-30SC398589ns16:EnglandWales2023-05-012024-04-30SC398589ns11:RegisteredOffice2023-05-012024-04-30SC398589ns0:Trustee12023-05-012024-04-30SC398589ns0:Trustee22023-05-012024-04-30SC398589ns0:Trustee32023-05-012024-04-30SC398589ns0:Trustee42023-05-012024-04-30SC398589ns0:Trustee52023-05-012024-04-30SC398589ns0:Trustee62023-05-012024-04-30SC398589ns0:Trustee72023-05-012024-04-30SC398589ns0:Trustee82023-05-012024-04-30SC398589ns0:Trustee92023-05-012024-04-30SC398589ns0:Trustee102023-05-012024-04-30SC398589ns0:TotalUnrestrictedFunds2023-05-012024-04-30SC398589ns0:TotalRestrictedIncomeFunds2023-05-012024-04-30SC398589ns0:Activity82023-05-012024-04-30SC398589ns0:TotalUnrestrictedFundsns0:Activity82023-05-012024-04-30SC398589ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-05-012024-04-30SC398589ns0:Activity82022-05-012023-04-30SC398589ns0:TotalUnrestrictedFunds2023-04-30SC398589ns0:TotalRestrictedIncomeFunds2023-04-30SC398589ns0:TotalUnrestrictedFunds2024-04-30SC398589ns0:TotalRestrictedIncomeFunds2024-04-30SC398589ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-04-30SC398589ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-04-30SC398589ns10:WithinOneYear2024-04-30SC398589ns10:WithinOneYear2023-04-30SC398589ns10:FurnitureFittingsToolsEquipment2023-05-012024-04-30SC398589ns10:MotorVehicles2023-05-012024-04-30SC398589ns10:ComputerEquipment2023-05-012024-04-30SC39858922023-05-012024-04-30SC398589132023-05-012024-04-30SC398589132022-05-012023-04-30SC398589ns10:OwnedAssets2023-05-012024-04-30SC398589ns10:OwnedAssets2022-05-012023-04-30SC398589ns0:TotalUnrestrictedFunds2022-05-012023-04-30SC398589ns0:TotalRestrictedIncomeFunds2022-05-012023-04-30SC398589ns0:TotalUnrestrictedFundsns0:Activity82022-05-012023-04-30SC398589ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-05-012023-04-30SC398589ns10:FurnitureFittings2023-04-30SC398589ns10:MotorVehicles2023-04-30SC398589ns10:ComputerEquipment2023-04-30SC398589ns10:FurnitureFittings2023-05-012024-04-30SC398589ns10:FurnitureFittings2024-04-30SC398589ns10:MotorVehicles2024-04-30SC398589ns10:ComputerEquipment2024-04-30SC398589ns10:FurnitureFittings2023-04-30SC398589ns10:MotorVehicles2023-04-30SC398589ns10:ComputerEquipment2023-04-30
REGISTERED COMPANY NUMBER: SC398589 (Scotland)
REGISTERED CHARITY NUMBER: SC042308












Report of the Trustees and

Financial Statements for the Year Ended 30 April 2024

for

MONTROSE COMMUNITY TRUST LTD

MONTROSE COMMUNITY TRUST LTD






Contents of the Financial Statements
for the Year Ended 30 April 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

MONTROSE COMMUNITY TRUST LTD (REGISTERED NUMBER: SC398589)

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
Objectives and aims
The main objectives of Montrose Community Trust are:-

-The advancement of public participation in sport, in particular football in Scotland
-The advancement of health in Scotland
-The advancement of education in Scotland
-The advancement of citizenship or community development and the promoting of civic responsibility, volunteering, equality and diversity in Scotland
-The provision of recreational facilities and the organisation of recreational activities in Scotland.

Montrose Community Trust has identified three distinct areas of work (i) community sport, (ii) health and wellbeing and (iii) education and training, and within each of the three strands, a range of programmes have been developed with the aim to providing public benefit to all ages within its target communities.

Significant activities
Montrose Community Trust continue to go from strength to strength. The reach of the charity is such now that they engage with, in a calendar year, approximately 1 in every 4 people in our community, and they support some of those most in need such as those who are unemployed, living with disability, facing food insecurity, recovering from an addiction, living with dementia and/ or living in isolation, to name just a few areas of work.

MCT benefit from having a strong, diverse and passionate workforce. Of the 14 full, and part-time staff employed, a significant proportion have come through employability programmes. They are matched by an extensive network of enthusiastic volunteers.

Public benefit
Montrose community Trust have previously been crowned 'Best Community Football Project for All' the Scottish FA East Region.

MCT now engage with over 1400 distinct participants (over 10% of local population), ranging from the age of 1 to 94, through an extensive range of community-benefitting programmes within the areas of community sport, education & training and health & wellbeing.

FINANCIAL REVIEW
Reserves policy
The surplus will continue to be used in the following year for salaries and other additional expenses.

Going concern
The Trustees believe there is no foreseeable circumstances to restrict the Charity from continuing as a going concern.

FUTURE PLANS
There are ambitious plans to develop a fitting environment for the Trust to continue to develop sporting, health and educational programmes. The "Gable End" project will transform the ability to meet its objectives.


MONTROSE COMMUNITY TRUST LTD (REGISTERED NUMBER: SC398589)

Report of the Trustees
for the Year Ended 30 April 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
Trustees are appointed throughout the year, and existing members are reappointed at our annual general meeting.

Induction and training of new trustees
Any new trustees will be given a briefing on the roles of the trustees, directors' legal responsibilities and the regulation of charities in Scotland.

Risk management
The trustees have a risk management strategy which comprises:
-an annual review of the principal risks and uncertainties that the charity face
-the establishment of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.

This work has identified that financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due and control over working capital of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC398589 (Scotland)

Registered Charity number
SC042308

Registered office
Links Park Stadium
Wellington Street
Montrose
Angus
DD10 8QD

Trustees
N J Bradford FCCA Accountant
R G A Gill Financial Advisor (resigned 20/11/2023)
R McCombie Communications Manager
J McDonald Retired
T A M Park Hotel Manager
D M Sim Retired (resigned 21/11/2023)
L Sayer Chief Commercial Officer (appointed 21/11/2023)
G Baxter School Teacher
C Harvey Broadcaster
J Pert Company Director

Independent Examiner
Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW


MONTROSE COMMUNITY TRUST LTD (REGISTERED NUMBER: SC398589)

Report of the Trustees
for the Year Ended 30 April 2024

Approved by order of the board of trustees on 20 December 2024 and signed on its behalf by:





N J Bradford FCCA - Trustee

Independent Examiner's Report to the Trustees of
Montrose Community Trust Ltd

I report on the accounts for the year ended 30 April 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.








Kerry Humphries FCCA
The Association of Chartered Certified Accountants

Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

20 December 2024

MONTROSE COMMUNITY TRUST LTD

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 30 April 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 - 386,154 386,154 235,294

Charitable activities 3
Sport, healthy and educational activities - 113,019 113,019 113,363
Total - 499,173 499,173 348,657

EXPENDITURE ON
Raising funds 4 - 49,437 49,437 37,216

Charitable activities 5
Sport, healthy and educational activities - 353,731 353,731 339,712
Total - 403,168 403,168 376,928

NET INCOME/(EXPENDITURE) - 96,005 96,005 (28,271 )
Transfers between funds 15 25,000 (25,000 ) - -
Net movement in funds 25,000 71,005 96,005 (28,271 )

RECONCILIATION OF FUNDS
Total funds brought forward 37,981 69,126 107,107 135,378

TOTAL FUNDS CARRIED FORWARD 62,981 140,131 203,112 107,107

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

MONTROSE COMMUNITY TRUST LTD (REGISTERED NUMBER: SC398589)

Balance Sheet
30 April 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 16,174 - 16,174 18,008

CURRENT ASSETS
Debtors 12 3,203 - 3,203 4,208
Cash at bank 64,748 143,436 208,184 162,293
67,951 143,436 211,387 166,501

CREDITORS
Amounts falling due within one year 13 (21,144 ) (3,305 ) (24,449 ) (77,402 )

NET CURRENT ASSETS 46,807 140,131 186,938 89,099

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,981

140,131

203,112

107,107

NET ASSETS 62,981 140,131 203,112 107,107
FUNDS 15
Unrestricted funds 62,981 37,981
Restricted funds 140,131 69,126
TOTAL FUNDS 203,112 107,107

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.


MONTROSE COMMUNITY TRUST LTD (REGISTERED NUMBER: SC398589)

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 20 December 2024 and were signed on its behalf by:





N J Bradford FCCA - Trustee

MONTROSE COMMUNITY TRUST LTD

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.

Montrose Community Trust meets the definition of a public benefit entity under FRS 102.

After reviewing the charity's forecasts and projections the trustees have a reasonable expectation that the charity has adequate resources to continue in operation for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing the financial statements.

Income
Income is recognised when received. However in accordance with FRS 102, income is accrued if not received in the financial year commensurate with he activity of the charity.

Where income is received in advance of meeting any performance related conditions there is not unconditional entitlement to the income, its recognition is deferred and included in creditors as deferred income until the performance conditions are met.

Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make payment to third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against activity for which expenditure was incurred.

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


Equipment - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Historically a range of depreciation rates have been applied, the rates for acquisitions are now as above.

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 are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

MONTROSE COMMUNITY TRUST LTD

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

1. ACCOUNTING POLICIES - continued

Gifts-in-kind
Donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount of the charity would be willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

2. DONATIONS AND LEGACIES

Donations and legacies receivable for the general purposes of the Montrose Community Trust are credited to 'unrestricted funds'. Donations and legacies for purposes restricted by the wishes of the donor are taken to 'restricted funds'.

3. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Sports Income Sport, healthy and educational activities 101,468 77,066
Sponsorship Sport, healthy and educational activities 11,551 36,297
113,019 113,363

4. RAISING FUNDS

Other trading activities
2024 2023
£    £   
Purchases 47,737 37,216
Bad debts 1,700 -
49,437 37,216

5. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
£    £    £   
Sport, healthy and educational
activities

341,271

12,460

353,731


MONTROSE COMMUNITY TRUST LTD

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

6. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Sport, healthy and educational activities 5,032 7,428 12,460

7. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 9,912 11,786

8. 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.


9. STAFF COSTS
2024 2023
£    £   
Wages and salaries 180,642 171,531
Social security costs 6,910 3,942
Other pension costs 5,542 4,801
193,094 180,274

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

2024 2023
Administration 2 2
Sports, Education and Health 12 9
14 11

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


MONTROSE COMMUNITY TRUST LTD

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

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 29,098 206,196 235,294

Charitable activities
Sport, healthy and educational activities 16,117 97,246 113,363
Total 45,215 303,442 348,657

EXPENDITURE ON
Raising funds 4,012 33,204 37,216

Charitable activities
Sport, healthy and educational activities 59,099 280,613 339,712
Total 63,111 313,817 376,928

NET INCOME/(EXPENDITURE) (17,896 ) (10,375 ) (28,271 )
Transfers between funds (78,555 ) 78,555 -
Net movement in funds (96,451 ) 68,180 (28,271 )

RECONCILIATION OF FUNDS
Total funds brought forward 134,432 946 135,378

TOTAL FUNDS CARRIED FORWARD 37,981 69,126 107,107

11. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 31,369 28,960 6,508 66,837
Additions 3,080 - 4,998 8,078
At 30 April 2024 34,449 28,960 11,506 74,915
DEPRECIATION
At 1 May 2023 23,967 19,938 4,924 48,829
Charge for year 3,235 5,032 1,645 9,912
At 30 April 2024 27,202 24,970 6,569 58,741
NET BOOK VALUE
At 30 April 2024 7,247 3,990 4,937 16,174
At 30 April 2023 7,402 9,022 1,584 18,008

MONTROSE COMMUNITY TRUST LTD

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

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,929 2,840
Prepayments 274 1,368
3,203 4,208

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 14) 3,305 8,533
Social security and other taxes 204 1,662
Other creditors 420 465
Accrued expenses 20,520 66,742
24,449 77,402

14. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Bank overdrafts 3,305 8,533

The bank loans figure is not a bank loan or overdraft but is one of the departments that has spent more in expenditure than its received in income.

15. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.5.23 in funds funds 30.4.24
£    £    £    £   
Unrestricted funds
General fund 37,981 - 25,000 62,981

Restricted funds
Restricted 50,000 - - 50,000
Montrose Youth FC 18,094 3,089 - 21,183
Montrose Amateur FC 1,777 1,400 - 3,177
Montrose Women FC (2,299 ) 2,874 - 575
Montrose Walking FC 595 (429 ) - 166
Gill Park (6,234 ) 2,929 - (3,305 )
Dementia Meeting Centre 7,193 15,612 - 22,805
MCT - 62,123 (25,000 ) 37,123
Montrose Merpro Alliance AFC - 3,814 - 3,814
Montrose Rotary Defib Fund - 4,593 - 4,593
69,126 96,005 (25,000 ) 140,131
TOTAL FUNDS 107,107 96,005 - 203,112

MONTROSE COMMUNITY TRUST LTD

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

15. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Restricted funds
Montrose Youth FC 74,826 (71,737 ) 3,089
Montrose Amateur FC 6,464 (5,064 ) 1,400
Montrose Women FC 9,523 (6,649 ) 2,874
Montrose Walking FC - (429 ) (429 )
Gill Park 12,665 (9,736 ) 2,929
Dementia Meeting Centre 88,004 (72,392 ) 15,612
MCT 295,072 (232,949 ) 62,123
Montrose Merpro Alliance AFC 8,026 (4,212 ) 3,814
Montrose Rotary Defib Fund 4,593 - 4,593
499,173 (403,168 ) 96,005
TOTAL FUNDS 499,173 (403,168 ) 96,005


Comparatives for movement in funds

Net Transfers
movement between At
At 1.5.22 in funds funds 30.4.23
£    £    £    £   
Unrestricted funds
General fund 134,432 (17,896 ) (78,555 ) 37,981

Restricted funds
Restricted 946 - 49,054 50,000
Montrose Youth FC - 2,662 15,432 18,094
Montrose Amateur FC - (68 ) 1,845 1,777
Montrose Women FC - (3,058 ) 759 (2,299 )
Montrose Walking FC - 41 554 595
Gill Park - (4,373 ) (1,861 ) (6,234 )
Dementia Meeting Centre - (5,579 ) 12,772 7,193
946 (10,375 ) 78,555 69,126
TOTAL FUNDS 135,378 (28,271 ) - 107,107

MONTROSE COMMUNITY TRUST LTD

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 45,215 (63,111 ) (17,896 )

Restricted funds
Montrose Youth FC 71,841 (69,179 ) 2,662
Montrose Amateur FC 1,804 (1,872 ) (68 )
Montrose Women FC 37,461 (40,519 ) (3,058 )
Montrose Walking FC 600 (559 ) 41
Gill Park 760 (5,133 ) (4,373 )
Dementia Meeting Centre 190,976 (196,555 ) (5,579 )
303,442 (313,817 ) (10,375 )
TOTAL FUNDS 348,657 (376,928 ) (28,271 )

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 134,432 (17,896 ) (53,555 ) 62,981

Restricted funds
Restricted 946 - 49,054 50,000
Montrose Youth FC - 5,751 15,432 21,183
Montrose Amateur FC - 1,332 1,845 3,177
Montrose Women FC - (184 ) 759 575
Montrose Walking FC - (388 ) 554 166
Gill Park - (1,444 ) (1,861 ) (3,305 )
Dementia Meeting Centre - 10,033 12,772 22,805
MCT - 62,123 (25,000 ) 37,123
Montrose Merpro Alliance AFC - 3,814 - 3,814
Montrose Rotary Defib Fund - 4,593 - 4,593
946 85,630 53,555 140,131
TOTAL FUNDS 135,378 67,734 - 203,112

MONTROSE COMMUNITY TRUST LTD

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

15. 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 45,215 (63,111 ) (17,896 )

Restricted funds
Montrose Youth FC 146,667 (140,916 ) 5,751
Montrose Amateur FC 8,268 (6,936 ) 1,332
Montrose Women FC 46,984 (47,168 ) (184 )
Montrose Walking FC 600 (988 ) (388 )
Gill Park 13,425 (14,869 ) (1,444 )
Dementia Meeting Centre 278,980 (268,947 ) 10,033
MCT 295,072 (232,949 ) 62,123
Montrose Merpro Alliance AFC 8,026 (4,212 ) 3,814
Montrose Rotary Defib Fund 4,593 - 4,593
802,615 (716,985 ) 85,630
TOTAL FUNDS 847,830 (780,096 ) 67,734

16. RELATED PARTY DISCLOSURES

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