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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent examiner's report to the trustees |
4 |
Statement of financial activities (including income and expenditure account) |
5 |
Statement of financial position |
6 |
Notes to the financial statements |
8 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
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office |
North Road |
Kinloss |
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Moray |
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IV36 3YA |
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(Resigned
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(Resigned
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(Appointed
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Independent examiner |
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103 High Street |
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ELGIN |
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Moray |
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IV30 1EB |
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Trustee |
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Company Limited by Guarantee |
Independent Examiner's Report to the Trustees of
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2024 |
2023 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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Charitable activities |
6 |
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– |
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Other trading activities |
7 |
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– |
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-------- |
-------- |
--------- |
--------- |
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Total income |
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-------- |
-------- |
--------- |
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Costs of other trading activities |
8 |
– |
– |
– |
110 |
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Expenditure on charitable activities |
9,10 |
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-------- |
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--------- |
--------- |
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Total expenditure |
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-------- |
--------- |
--------- |
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Net income/(expenditure) |
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(
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-------- |
-------- |
--------- |
--------- |
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Transfers between funds |
(2,244) |
2,244 |
– |
– |
-------- |
-------- |
--------- |
--------- |
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Net movement in funds |
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(
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Total funds brought forward |
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--------- |
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--------- |
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Total funds carried forward |
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--------- |
-------- |
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--------- |
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Company Limited by Guarantee |
Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Tangible fixed assets |
16 |
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Heritage assets |
17 |
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--------- |
--------- |
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Stocks |
18 |
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Debtors |
19 |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
20 |
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-------- |
-------- |
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Net current assets |
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--------- |
--------- |
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Total assets less current liabilities |
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--------- |
--------- |
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Net assets |
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--------- |
--------- |
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Restricted funds |
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Unrestricted funds |
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--------- |
--------- |
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Total charity funds |
22 |
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--------- |
--------- |
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Company Limited by Guarantee |
Statement of Financial Position (continued) |
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Trustee |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Leasehold improvements |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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Computers |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
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Donations and sponsorship |
5,008 |
1,086 |
6,094 |
|
Donation of goods |
– |
– |
– |
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Other general grants |
– |
56,200 |
56,200 |
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Membership fees |
2,867 |
– |
2,867 |
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------- |
-------- |
-------- |
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------- |
-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
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Donations and sponsorship |
9,514 |
– |
9,514 |
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Donation of goods |
15,000 |
– |
15,000 |
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Other general grants |
– |
23,297 |
23,297 |
|
Membership fees |
1,443 |
– |
1,443 |
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-------- |
-------- |
-------- |
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-------- |
-------- |
-------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
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Visitor centre |
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-------- |
-------- |
-------- |
-------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
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Fundraising events |
– |
– |
50 |
50 |
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Other income |
1,215 |
1,215 |
340 |
340 |
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------- |
------- |
---- |
---- |
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------- |
------- |
---- |
---- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Other trading activity 1 - other fundraising costs |
– |
– |
110 |
110 |
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---- |
---- |
---- |
---- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
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Visitor centre |
7,891 |
– |
7,891 |
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Support costs |
69,447 |
14,368 |
83,815 |
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-------- |
-------- |
-------- |
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-------- |
-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Visitor centre |
41,411 |
– |
41,411 |
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Support costs |
62,450 |
35,564 |
98,014 |
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--------- |
-------- |
--------- |
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--------- |
-------- |
--------- |
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Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
||
£ |
£ |
£ |
£ |
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Visitor centre |
7,891 |
79,944 |
87,835 |
133,412 |
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Governance costs |
– |
3,871 |
3,871 |
6,013 |
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------- |
-------- |
-------- |
--------- |
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------- |
-------- |
-------- |
--------- |
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Support costs |
Governance costs |
2024 |
2023 |
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£ |
£ |
£ |
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Depreciation |
23,020 |
– |
23,020 |
19,648 |
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Insurance |
7,197 |
– |
7,197 |
7,780 |
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Heat and light |
16,213 |
– |
16,213 |
7,458 |
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Printing, postage, telephone and stationery |
1,041 |
– |
1,041 |
834 |
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Repairs and maintenance |
11,444 |
– |
11,444 |
15,685 |
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Sundry & Donations |
16,484 |
– |
16,484 |
36,903 |
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Vehicle and travel expenses |
3,345 |
– |
3,345 |
2,373 |
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Rent and rates |
1,200 |
– |
1,200 |
1,320 |
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Accountancy |
3,871 |
3,871 |
6,013 |
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-------- |
------- |
-------- |
-------- |
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79,944 |
3,871 |
83,815 |
98,014 |
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-------- |
------- |
-------- |
-------- |
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2024 |
2023 |
|
£ |
£ |
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Depreciation of tangible fixed assets |
23,020 |
19,648 |
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Independent examination of the financial statements |
3,518 |
3,338 |
Other assurance services |
353 |
2,675 |
------- |
------- |
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------- |
------- |
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2024 |
2023 |
|
£ |
£ |
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Wages and salaries |
– |
|
Employer contributions to pension plans |
– |
2,133 |
---- |
-------- |
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– |
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---- |
-------- |
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Leasehold improvements |
Plant and machinery |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
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Cost |
|||||
At 1 August 2023 |
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Additions |
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– |
– |
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--------- |
-------- |
-------- |
------- |
--------- |
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At 31 July 2024 |
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--------- |
-------- |
-------- |
------- |
--------- |
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Depreciation |
|||||
At 1 August 2023 |
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Charge for the year |
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--------- |
-------- |
-------- |
------- |
--------- |
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At 31 July 2024 |
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--------- |
-------- |
-------- |
------- |
--------- |
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Carrying amount |
|||||
At 31 July 2024 |
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--------- |
-------- |
-------- |
------- |
--------- |
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At 31 July 2023 |
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--------- |
-------- |
-------- |
------- |
--------- |
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Heritage asset 1 |
|
£ |
|
Cost or valuation |
|
At 1 August 2023 and 31 July 2024 |
137,215 |
--------- |
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Accumulated depreciation |
|
At 1 August 2023 and 31 July 2024 |
– |
--------- |
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Carrying amount |
|
At 31 July 2024 |
|
--------- |
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At 31 July 2023 |
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--------- |
|
2024 |
2023 |
|
£ |
£ |
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Finished goods and goods for resale |
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|
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Prepayments and accrued income |
|
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Other debtors |
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------- |
------- |
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------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
– |
|
Accruals and deferred income |
|
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Other creditors - desc in a/cs |
255 |
254
|
Other creditors |
1,760
|
– |
------- |
------- |
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------- |
------- |
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At 1 August 2023 |
Income |
Expenditure |
Transfers |
At 31 July 2024 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
351,593 |
91,471 |
(77,338) |
(2,244) |
363,482 |
--------- |
-------- |
-------- |
------- |
--------- |
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At 1 August 2022 |
Income |
Expenditure |
Transfers |
At 31 July 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
342,560 |
92,560 |
(103,971) |
20,444 |
351,593 |
--------- |
-------- |
--------- |
-------- |
--------- |
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At 1 August 2023 |
Income |
Expenditure |
Transfers |
At 31 July 2024 |
|
£ |
£ |
£ |
£ |
£ |
|
Sea Prince Fund |
2,400 |
– |
– |
– |
2,400 |
Just Giving Fin Fund |
– |
– |
– |
– |
– |
HIE Development Manager Fund |
– |
– |
(2,244) |
2,244 |
– |
Wide Format Printer Fund |
13,694 |
– |
(3,424) |
– |
10,270 |
HIE GIA Development Grant |
– |
– |
– |
– |
– |
TSI - Solar panels |
– |
50,000 |
(2,500) |
– |
47,500 |
TSi - Electricty bill relief |
– |
2,800 |
(2,800) |
– |
– |
TSi - Sustainable infrastructure Upgrades |
– |
1,400 |
(1,400) |
– |
– |
TSi - Roof repair and infrastructure restoration |
– |
2,000 |
(2,000) |
– |
– |
BARG - Whirlwind project |
– |
1,086 |
– |
– |
1,086 |
-------- |
-------- |
-------- |
------- |
-------- |
|
16,094 |
57,286 |
(14,368) |
2,244 |
61,256 |
|
-------- |
-------- |
-------- |
------- |
-------- |
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At 1 August 2022 |
Income |
Expenditure |
Transfers |
At 31 July 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
Sea Prince Fund |
2,400 |
– |
– |
– |
2,400 |
Just Giving Fin Fund |
4,348 |
– |
(4,348) |
– |
– |
HIE Development Manager Fund |
– |
20,444 |
– |
(20,444) |
– |
Wide Format Printer Fund |
17,057 |
2,853 |
(6,216) |
– |
13,694 |
HIE GIA Development Grant |
25,000 |
– |
(25,000) |
– |
– |
TSI - Solar panels |
– |
– |
– |
– |
– |
TSi - Electricty bill relief |
– |
– |
– |
– |
– |
TSi - Sustainable infrastructure Upgrades |
– |
– |
– |
– |
– |
TSi - Roof repair and infrastructure restoration |
– |
– |
– |
– |
– |
BARG - Whirlwind project |
– |
– |
– |
– |
– |
-------- |
-------- |
-------- |
-------- |
-------- |
|
48,805 |
23,297 |
(35,564) |
(20,444) |
16,094 |
|
-------- |
-------- |
-------- |
-------- |
-------- |
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
175,502 |
57,770 |
233,272 |
|
Heritage assets |
137,215 |
– |
137,215 |
|
Current assets |
56,802 |
3,486 |
60,288 |
|
Creditors less than 1 year |
(6,037) |
– |
(6,037) |
|
--------- |
-------- |
--------- |
||
Net assets |
363,482 |
61,256 |
424,738 |
|
--------- |
-------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
181,182 |
13,694 |
194,876 |
|
Heritage assets |
137,215 |
– |
137,215 |
|
Current assets |
40,738 |
2,400 |
43,138 |
|
Creditors less than 1 year |
(7,542) |
– |
(7,542) |
|
--------- |
-------- |
--------- |
||
Net assets |
351,593 |
16,094 |
367,687 |
|
--------- |
-------- |
--------- |
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