REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 October 2024 |
for |
Kilmuir and Logie Easter Action and |
Development Group |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 October 2024 |
for |
Kilmuir and Logie Easter Action and |
Development Group |
Kilmuir and Logie Easter Action and |
Development Group |
Contents of the Financial Statements |
for the Year Ended 31 October 2024 |
Page |
Report of the Trustees | 1 | to | 5 |
Independent Examiner's Report | 6 |
Statement of Financial Activities | 7 |
Balance Sheet | 8 | to | 9 |
Notes to the Financial Statements | 10 | to | 16 |
Kilmuir and Logie Easter Action and |
Development Group (Registered number: SC169101) |
Report of the Trustees |
for the Year Ended 31 October 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 October 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 purposes of KALE, as recorded in the Memorandum and Articles of Association, are to promote the benefit of the residents and inhabitants of Kilmuir and Logie Easter Parishes and its environs by associating with local and statutory authorities, voluntary organisations, residents and inhabitants in a common effort to advance education and provide facilities in the interest of social welfare, for recreation and other leisure time occupation with the object of improving conditions of life of the above afore mentioned residents and inhabitants. |
Kilmuir and Logie Easter Action and |
Development Group (Registered number: SC169101) |
Report of the Trustees |
for the Year Ended 31 October 2024 |
OBJECTIVES AND ACTIVITIES |
Significant activities |
During the year ending October 2024: |
The Xmas fayre on the 1st November 2023 once again there was good support from volunteers and the community. |
Children's Christmas Parties, where Santa visited the Centre with presents for all the children, this was made possible by the continued funding support from the Beinn Tharsiunn Wind Farm Fund, with support from the local community council, Albyn Housing Community Fund and fundraising by the KALE Group. Meet and Eat Christmas Party was well attended a total of 45 people were treated to a buffet lunch. Meet and Eat has continued weekly into 2023 with funding from HOPE Charity Invergordon. |
Over 30 Christmas Hampers were made up for families and individuals in the area thanks to the Co-op Invergordon Community Fund. |
A new fire system was installed in the Centre and additional CCTV with fob entry into Nursery and a key for all fire points. |
Visiting Services and Training |
A Fire-fighter from Scottish Fire and Rescue Service attended the Mercat, who spoke to groups and also left a variety of leaflets with information. Changeworks Low Carbon Communities team visited the Centre, they wanted to engage with and support households in or at risk of fuel poverty in rural communities to access energy advice and support. We received through New Start Inverness a gift of some brand new slow cookers along with a recipe book, HLH demonstrated the use by preparing 4 casserole dishes all attendees went home with a slow cooker and recipe book. |
HLH Highlife Highland delivered 8 weeks IT course. Many groups continue to use the Centre: Homestart East Highland, Crafts, Sewing/Knitting, Flower, Games, Geology, Local History, Table Tennis, Church Activities, Bee Keepers Association, Events. |
The Centre still has a PC available for the community to use although more and more people use their mobile devices but come to us for printing and help with online forms and job search. Mercat Centre staff provide support with CV's, emails and the set up and maintenance of Universal Credit account's online. The Recycle Room receives large amounts of donations, Hope in Invergordon the charity who supports local groups, still receive our old goods. The Food Bank continued weekly throughout 2024 with additional parcels made up from referrals. Fare Share Food Distribution continues to supply us from Aberdeen and Alness twice monthly and contributions from Co-op Alness along with funding from the Co-op Community Fund. |
Thanks to Tesco Tain, we have received funding to continue Mercat Munchies Breakfast Club into 2025. |
The KALE Group entered its third and final year of funding for wages with the Robertson's Trust, this has allowed staff to continue in their posts. Additional funding was secured from the Foyle Foundation. |
In May we welcomed a new member of staff at the Mercat Centre and sadly said goodbye to a long serving member of staff. |
Kilmuir and Logie Easter Action and |
Development Group (Registered number: SC169101) |
Report of the Trustees |
for the Year Ended 31 October 2024 |
OBJECTIVES AND ACTIVITIES |
KALE formed a partnership with Highlife Highland to deliver a Children's Summer Hub throughout the July summer break, when the children were provided with Breakfast, Lunch, Sports and Crafts. Funds were applied for to Children in Need, unfortunately the funding was not awarded until the end of July 2024 and will now be carried forward into summer 2025. |
FINANCIAL REVIEW |
Financial position |
Total reserves at the balance sheet date amounted to £1,202,805 (2023 - £1,208,057) including total cash at bank of £44,395 (2023 - £41,361). The directors are satisfied that these reserves are sufficient to enable the charity to meet its charitable objectives. |
After a detailed review of restricted fund balances, and what expenses had historically been attributed to the restricted funds, the directors agreed to adjust the accounts to reflect the correct closing position by means of transfers between funds. |
Reserves policy |
The directors have examined the requirements for free reserves which are those unrestricted funds not invested in fixed assets. The aim of the directors remains to increase the fund to a sustainable amount and they are confident that the on-going activities which are planned will generate increased funds for the unrestricted reserve. |
FUTURE PLANS |
Once again 2023-2024 has been a busy year for the group, we continue to be faced with increasing running costs due to the cost of living crisis as we entered our 14th year open. Safety and maintenance is always needed to ensure the Centre is a safe environment for both staff and the community. |
The KALE Group are grateful to staff and all the groups services and projects that operate out of the centre and help us ensure the community will continue have support, to progress the objective of the KALE Group to 'improve the conditions of life' in the local community. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The organisation is a charitable company limited by guarantee, incorporated on 17 October 1996 and registered as a charity on 14 February 1996. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1 each. |
Recruitment and appointment of new trustees |
The directors of the company are also charity trustees for the purposes of charity law and under the Articles are known as directors. Under the requirements of the Memorandum and Articles of Association, the directors are re-elected at the first board meeting after the Annual General Meeting. |
The Board seeks to reflect the community in which it serves, at the same time as having skills related to the services that it aims to deliver. |
Kilmuir and Logie Easter Action and |
Development Group (Registered number: SC169101) |
Report of the Trustees |
for the Year Ended 31 October 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Organisational structure |
The management structure comprises the Board of Directors who are also the designated trustees of the charity. |
The directors meet on a monthly basis attended by the Development Workers who manage the day to day operations of the charity. |
Induction and training of new trustees |
New Trustees are likely to be familiar with the work of the charity, if only through helping to run the numerous events that are held. |
Notwithstanding this, they will be expected to spend time with the chairperson and the development workers to familiarise themselves with: |
a. The obligations of Board members |
b. The main documents that set out the operational framework for the charity, including the Memorandum and Articles of Association and the Service Level Agreement with Highland Council |
c. The work of Kilmuir and Easter Logie Action & Development Group ('KALE') and its finances, referring to the last annual accounts and recent Board Meeting Minutes |
d. Future plans and objectives |
e. The Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Kilmuir and Logie Easter Action and |
Development Group (Registered number: SC169101) |
Report of the Trustees |
for the Year Ended 31 October 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Company Secretary |
Independent Examiner |
Mackay & Co |
Chartered Accountants |
Unit 8 |
Golspie Business Park |
Golspie |
Sutherland |
KW10 6UB |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Kilmuir and Logie Easter Action and |
Development Group |
I report on the accounts for the year ended 31 October 2024 set out on pages seven to sixteen. |
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. |
MARCUS D MACIVER |
The Institute of Chartered Accountants of Scotland |
Mackay & Co |
Chartered Accountants |
Unit 8 |
Golspie Business Park |
Golspie |
Sutherland |
KW10 6UB |
27 February 2025 |
Kilmuir and Logie Easter Action and |
Development Group |
Statement of Financial Activities |
for the Year Ended 31 October 2024 |
31.10.24 | 31.10.23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities | 3 |
Room rental | 16,621 | - | 16,621 | 14,169 |
Mercat Centre operation | 4,971 | - | 4,971 | 8,508 |
Crisis | 4,224 | - | 4,224 | 10,292 |
Toddler club | - | 97 | 97 | 256 |
Summer Hub | - | - | - | 2,434 |
Meet and Eat | - | 70 | 70 | - |
Investment income | 2 |
Total |
EXPENDITURE ON |
Charitable activities |
Mercat Centre operation | 16,538 | - | 16,538 | 13,057 |
Wages | 16,659 | 13,000 | 29,659 | 27,510 |
Crisis | 784 | - | 784 | 7,502 |
COVID | - | - | - | 500 |
Toddler club | - | 9 | 9 | 35 |
Summer Hub | - | - | - | 2,417 |
Meet and Eat | - | 2,250 | 2,250 | 3,495 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 1,208,057 |
Kilmuir and Logie Easter Action and |
Development Group (Registered number: SC169101) |
Balance Sheet |
31 October 2024 |
31.10.24 | 31.10.23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 9 |
Unrestricted funds | 1,205,345 |
Restricted funds | 2,712 |
TOTAL FUNDS | 1,208,057 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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. |
Kilmuir and Logie Easter Action and |
Development Group (Registered number: SC169101) |
Balance Sheet - continued |
31 October 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 |
Kilmuir and Logie Easter Action and |
Development Group |
Notes to the Financial Statements |
for the Year Ended 31 October 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 |
Plant and Machinery depreciation is provided at the annual rates in order to write off each asset over its estimated useful life to a minimum value deemed to be recoverable on disposal. |
Freehold property is not depreciated on the basis that no impairment of value has occurred in the period. |
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. |
Kilmuir and Logie Easter Action and |
Development Group |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
2. | INVESTMENT INCOME |
31.10.24 | 31.10.23 |
£ | £ |
Deposit account interest |
3. | INCOME FROM CHARITABLE ACTIVITIES |
31.10.24 | 31.10.23 |
Activity | £ | £ |
Projects | Lunch Club | 435 | 589 |
Grants | Lunch Club | 1,000 | - |
Projects | Breakfast Club | 555 | 520 |
Grants | Breakfast Club | 1,000 | 300 |
Projects | Other activities | 373 | - |
Grants | Other activities | 15,129 | 10,600 |
Room rental | Room rental | 16,621 | 14,169 |
Office income | Mercat Centre operation | 4,171 | 8,508 |
Grants | Mercat Centre operation | 800 | - |
Grants | Crisis | 4,224 | 10,292 |
Projects | Toddler club | 97 | 181 |
Grants | Toddler club | - | 75 |
Grants | Summer Hub | - | 2,434 |
Projects | Meet and Eat | 70 | - |
Grants received, included in the above, are as follows: |
31.10.24 | 31.10.23 |
£ | £ |
Highland Council | - | 5,654 |
Albyn Housing | - | 300 |
Community Council | 129 | - |
Other grants | 1,000 | - |
Beinn Tharsuinn | 2,000 | 800 |
Hope Invergordon | 1,000 | 1,500 |
The Robertson Trust | 8,800 | 9,500 |
Co-op | 4,224 | 1,502 |
Tesco | - | 500 |
Asda | - | 300 |
Early Years Scot | - | 75 |
Corra Foundation | - | 3,570 |
Foyle Foundation | 5,000 | - |
22,153 | 23,701 |
Kilmuir and Logie Easter Action and |
Development Group |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023. |
5. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
31.10.24 | 31.10.23 |
Centre Manager | 1 | 1 |
Cleaner - Part time | 1 | 1 |
Project Officer | 1 | 1 |
6. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
At 1 November 2023 and 31 October 2024 |
DEPRECIATION |
At 1 November 2023 and 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
At 31 October 2023 |
Kilmuir and Logie Easter Action and |
Development Group |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Trade debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Other creditors |
Accrued expenses |
9. | MOVEMENT IN FUNDS |
Net | Transfers |
At | movement | between | At |
1.11.23 | in funds | funds | 31.10.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 1,205,345 | (10,401 | ) | 7,341 | 1,202,285 |
Projects | - | 7,341 | (7,341 | ) | - |
(3,060 | ) |
Restricted funds |
Meet and Eat | 2,191 | (2,180 | ) | 309 | 320 |
Toddler Group | 221 | 88 | (309 | ) | - |
Christmas Party | 300 | (100 | ) | - | 200 |
(2,192 | ) |
TOTAL FUNDS | (5,252 | ) | 1,202,805 |
Kilmuir and Logie Easter Action and |
Development Group |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
9. | 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 | 22,796 | (33,197 | ) | (10,401 | ) |
Projects | 8,916 | (1,575 | ) | 7,341 |
( |
) | (3,060 | ) |
Restricted funds |
Wages | 13,000 | (13,000 | ) | - |
Meet and Eat | 70 | (2,250 | ) | (2,180 | ) |
Toddler Group | 97 | (9 | ) | 88 |
Christmas Party | 800 | (900 | ) | (100 | ) |
( |
) | (2,192 | ) |
TOTAL FUNDS | ( |
) | (5,252 | ) |
Comparatives for movement in funds |
Net | Transfers |
At | movement | between | At |
1.11.22 | in funds | funds | 31.10.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 1,200,291 | (7,880 | ) | 12,934 | 1,205,345 |
Projects | 4,325 | 1,835 | (6,160 | ) | - |
COVID | 1,800 | (500 | ) | (1,300 | ) | - |
Summer Hub | 4,160 | 1,314 | (5,474 | ) | - |
1,210,576 | (5,231 | ) | - | 1,205,345 |
Restricted funds |
Meet and Eat | 5,686 | (3,495 | ) | - | 2,191 |
Toddler Group | - | 221 | - | 221 |
Christmas Party | - | 300 | - | 300 |
5,686 | (2,974 | ) | - | 2,712 |
TOTAL FUNDS | 1,216,262 | (8,205 | ) | - | 1,208,057 |
Kilmuir and Logie Easter Action and |
Development Group |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
9. | 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 | 27,297 | (35,177 | ) | (7,880 | ) |
Projects | 10,702 | (8,867 | ) | 1,835 |
COVID | - | (500 | ) | (500 | ) |
Summer Hub | 2,434 | (1,120 | ) | 1,314 |
40,433 | (45,664 | ) | (5,231 | ) |
Restricted funds |
Wages | 8,000 | (8,000 | ) | - |
Meet and Eat | - | (3,495 | ) | (3,495 | ) |
Toddler Group | 256 | (35 | ) | 221 |
Christmas Party | 600 | (300 | ) | 300 |
8,856 | (11,830 | ) | (2,974 | ) |
TOTAL FUNDS | 49,289 | (57,494 | ) | (8,205 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
At | movement | between | At |
1.11.22 | in funds | funds | 31.10.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 1,200,291 | (18,281 | ) | 20,275 | 1,202,285 |
Projects | 4,325 | 9,176 | (13,501 | ) | - |
COVID | 1,800 | (500 | ) | (1,300 | ) | - |
Summer Hub | 4,160 | 1,314 | (5,474 | ) | - |
1,210,576 | (8,291 | ) | - | 1,202,285 |
Restricted funds |
Meet and Eat | 5,686 | (5,675 | ) | 309 | 320 |
Toddler Group | - | 309 | (309 | ) | - |
Christmas Party | - | 200 | - | 200 |
5,686 | (5,166 | ) | - | 520 |
TOTAL FUNDS | 1,216,262 | (13,457 | ) | - | 1,202,805 |
Kilmuir and Logie Easter Action and |
Development Group |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 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 | 50,093 | (68,374 | ) | (18,281 | ) |
Projects | 19,618 | (10,442 | ) | 9,176 |
COVID | - | (500 | ) | (500 | ) |
Summer Hub | 2,434 | (1,120 | ) | 1,314 |
72,145 | (80,436 | ) | (8,291 | ) |
Restricted funds |
Wages | 21,000 | (21,000 | ) | - |
Meet and Eat | 70 | (5,745 | ) | (5,675 | ) |
Toddler Group | 353 | (44 | ) | 309 |
Christmas Party | 1,400 | (1,200 | ) | 200 |
22,823 | (27,989 | ) | (5,166 | ) |
TOTAL FUNDS | 94,968 | (108,425 | ) | (13,457 | ) |
10. | CONTINGENT LIABILITIES |
A standard security over certain of the assets of the charity has been provided to Big Lottery Fund as part of the funding agreement with this organisation. |
11. | RELATED PARTY DISCLOSURES |