|
Company Limited by Guarantee |
|
|
|
Company Limited by Guarantee |
Financial Statements |
Page |
|
Directors' annual report (incorporating the director's report) |
1 |
Independent examiner's report to the directors |
4 |
Statement of financial activities (including income and expenditure account) |
5 |
Statement of financial position |
6 |
Notes to the financial statements |
8 |
|
Company Limited by Guarantee |
Directors' Annual Report (Incorporating the Director's Report) |
Registered charity name |
|
Charity registration number |
|
Company registration number |
|
Principal office |
The Old Mill, Cantray Bridge |
Cawdor |
|
Nairn |
|
IV12 5XT |
|
Registered office |
20 High Street |
Royal Bank of Scotland Buildings |
|
Nairn |
|
IV12 4AX |
|
|
||
|
||
|
(Died
|
|
|
||
|
||
|
||
Company secretary |
|
Independent examiner |
|
103 High Street |
|
Forres |
|
IV36 1AA |
|
|
Director |
|
Company Limited by Guarantee |
Independent Examiner's Report to the Directors of
|
|
Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2024 |
2023 |
|||
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
|
|
|
|
Other trading activities |
6 |
|
– |
|
|
--------- |
------- |
--------- |
--------- |
||
Total income |
|
|
|
|
|
--------- |
------- |
--------- |
--------- |
||
Costs of raising donations and legacies |
7 |
(
17,699) |
– |
(
17,699) |
(
5,385) |
|
Expenditure on charitable activities |
8,9 |
(
|
(
|
(
|
(
|
|
--------- |
-------- |
--------- |
--------- |
|||
Total expenditure |
(
|
(
|
(
|
(
|
||
--------- |
-------- |
--------- |
--------- |
|||
--------- |
-------- |
--------- |
--------- |
|
Net expenditure |
|
(
|
(
|
(
|
--------- |
-------- |
--------- |
--------- |
|
Transfers between funds |
3,328 |
(3,328) |
– |
– |
--------- |
-------- |
--------- |
--------- |
|
Net movement in funds |
|
(
|
(
|
(
|
Total funds brought forward |
|
|
|
|
--------- |
-------- |
--------- |
--------- |
|
Total funds carried forward |
|
|
|
|
--------- |
-------- |
--------- |
--------- |
|
|
Company Limited by Guarantee |
Statement of Financial Position |
2024 |
2023 |
||
Note |
£ |
£ |
£ |
Tangible fixed assets |
14 |
|
|
|
Debtors |
15 |
|
|
|
Cash at bank and in hand |
|
|
||
-------- |
-------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
16 |
(
|
(
|
|
-------- |
-------- |
|||
Net current assets |
|
|
||
-------- |
--------- |
|||
Total assets less current liabilities |
|
|
||
Creditors: amounts falling due after more than one year |
17 |
(
|
(
|
|
-------- |
--------- |
|||
Net assets |
|
|
||
-------- |
--------- |
|||
Restricted funds |
|
|
||
Unrestricted funds |
|
|
||
-------- |
--------- |
|||
Total charity funds |
19 |
|
|
|
-------- |
--------- |
|||
|
Company Limited by Guarantee |
Statement of Financial Position (continued) |
|
Director |
|
Company Limited by Guarantee |
Notes to the Financial Statements |
Cycle track, equipment & bicycles |
- |
|
|
Motor vehicles |
- |
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Donations receivable |
113,909 |
9,828 |
123,737 |
|
Grant |
– |
– |
– |
|
--------- |
------- |
--------- |
||
|
|
|
||
--------- |
------- |
--------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Donations receivable |
78,392 |
10,619 |
89,011 |
|
Grant |
– |
12,000 |
12,000 |
|
-------- |
-------- |
--------- |
||
|
|
|
||
-------- |
-------- |
--------- |
||
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
||
Other activities for generating funds - Track Revenue |
9,511 |
9,511 |
6,678 |
6,678 |
|
Outreach revenue |
2,230 |
2,230 |
1,230 |
1,230 |
|
-------- |
-------- |
------- |
------- |
||
|
|
|
|
||
-------- |
-------- |
------- |
------- |
||
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
||
Costs of raising donations and legacies - Donations |
17,699 |
17,699 |
5,385 |
5,385 |
|
-------- |
-------- |
------- |
------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Charitable activity costs |
103,239 |
26,614 |
129,853 |
|
--------- |
-------- |
--------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Charitable activity costs |
106,932 |
45,285 |
152,217 |
|
--------- |
-------- |
--------- |
||
Activities undertaken directly |
Total funds 2024 |
Total fund 2023 |
||
£ |
£ |
£ |
||
Charitable activity costs |
129,853 |
129,853 |
152,217 |
|
--------- |
--------- |
--------- |
||
2024 |
2023 |
|
£ |
£ |
|
Depreciation of tangible fixed assets |
23,237 |
23,977 |
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Independent examination of the financial statements |
1,800 |
1,806 |
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Wages and salaries |
|
|
Employer contributions to pension plans |
900 |
920 |
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
Cycle track, equipment & bicycles |
Motor vehicles |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 June 2023 |
|
|
|
Additions |
|
– |
|
--------- |
-------- |
--------- |
|
At 31 May 2024 |
|
|
|
--------- |
-------- |
--------- |
|
Depreciation |
|||
At 1 June 2023 |
|
|
|
Charge for the year |
|
– |
|
--------- |
-------- |
--------- |
|
At 31 May 2024 |
|
|
|
--------- |
-------- |
--------- |
|
Carrying amount |
|||
At 31 May 2024 |
|
– |
|
--------- |
-------- |
--------- |
|
At 31 May 2023 |
|
– |
|
--------- |
-------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Prepayments and accrued income |
|
|
Other debtors |
|
|
------- |
------- |
|
|
|
|
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Accruals and deferred income |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
-------- |
------- |
|
|
|
|
-------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
------- |
------- |
|
At 1 June 2023 |
Income |
Expenditure |
Transfers |
At 31 May 2024 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
9,268 |
125,650 |
(120,938) |
3,328 |
17,308 |
------- |
--------- |
--------- |
------- |
-------- |
|
At 1 June 2022 |
Income |
Expenditure |
Transfers |
At 31 May 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
34,966 |
86,300 |
(112,317) |
319 |
9,268 |
-------- |
-------- |
--------- |
---- |
------- |
|
At 1 June 2023 |
Income |
Expenditure |
Transfers |
At 31 May 2024 |
|
£ |
£ |
£ |
£ |
£ |
|
Highland Cross : Bergs, Sheds & Landrover |
14,332 |
– |
(3,780) |
– |
10,552 |
Youthlink : Bergs & Cycles |
8,552 |
– |
(2,849) |
– |
5,703 |
Rotary : Contribution to Tricycle |
225 |
– |
(75) |
– |
150 |
Adventure Track |
71,650 |
– |
(13,490) |
– |
58,160 |
Adam Family Foundation |
– |
6,000 |
(6,000) |
– |
– |
Purchase of Cycles |
1,000 |
– |
(200) |
– |
800 |
Hugh Fraser Foundation |
276 |
– |
(116) |
– |
160 |
Silverhill Trust |
320 |
– |
(104) |
– |
216 |
Truemark Trust |
– |
– |
– |
– |
– |
Hi Velo |
– |
– |
– |
– |
– |
Screwfix Foundation |
2,750 |
– |
– |
– |
2,750 |
Highland Council |
– |
– |
– |
– |
– |
Hugh Fraser |
– |
3,328 |
– |
(3,328) |
– |
Hedley Foundation |
– |
500 |
– |
– |
500 |
-------- |
------- |
-------- |
------- |
-------- |
|
99,105 |
9,828 |
(26,614) |
(3,328) |
78,991 |
|
-------- |
------- |
-------- |
------- |
-------- |
|
At 1 June 2022 |
Income |
Expenditure |
Transfers |
At 31 May 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
Highland Cross : Bergs, Sheds & Landrover |
18,112 |
– |
(3,780) |
– |
14,332 |
Youthlink : Bergs & Cycles |
11,401 |
– |
(2,849) |
– |
8,552 |
Rotary : Contribution to Tricycle |
300 |
– |
(75) |
– |
225 |
Adventure Track |
85,140 |
– |
(13,490) |
– |
71,650 |
Adam Family Foundation |
– |
5,750 |
(5,750) |
– |
– |
Purchase of Cycles |
1,200 |
– |
(200) |
– |
1,000 |
Hugh Fraser Foundation |
617 |
– |
(341) |
– |
276 |
Silverhill Trust |
320 |
– |
– |
– |
320 |
Truemark Trust |
5,000 |
– |
(5,000) |
– |
– |
Hi Velo |
– |
319 |
– |
(319) |
– |
Screwfix Foundation |
– |
4,550 |
(1,800) |
– |
2,750 |
Highland Council |
– |
12,000 |
(12,000) |
– |
– |
Hugh Fraser |
– |
– |
– |
– |
– |
Hedley Foundation |
– |
– |
– |
– |
– |
--------- |
-------- |
-------- |
---- |
-------- |
|
122,090 |
22,619 |
(45,285) |
(319) |
99,105 |
|
--------- |
-------- |
-------- |
---- |
-------- |
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
14,484 |
71,165 |
85,649 |
|
Current assets |
16,240 |
7,826 |
24,066 |
|
Creditors less than 1 year |
(11,416) |
– |
(11,416) |
|
Creditors greater than 1 year |
(2,000) |
– |
(2,000) |
|
-------- |
-------- |
-------- |
||
Net assets |
17,308 |
78,991 |
96,299 |
|
-------- |
-------- |
-------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
13,571 |
91,559 |
105,130 |
|
Current assets |
5,986 |
9,346 |
15,332 |
|
Creditors less than 1 year |
(6,289) |
(1,800) |
(8,089) |
|
Creditors greater than 1 year |
(4,000) |
– |
(4,000) |
|
-------- |
-------- |
--------- |
||
Net assets |
9,268 |
99,105 |
108,373 |
|
-------- |
-------- |
--------- |
||