| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| STRICHEN COMMUNITY PARK COMPANY |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| STRICHEN COMMUNITY PARK COMPANY |
| STRICHEN COMMUNITY PARK COMPANY |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| Page |
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 16 |
| STRICHEN COMMUNITY PARK COMPANY (REGISTERED NUMBER: SC163826) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 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 August 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 |
| Principal activities |
| The principal activity of the charity in the year under review was that of establishing and maintaining a public park, walkways and lake at Strichen, Aberdeenshire. |
| ACHIEVEMENT AND PERFORMANCE |
| Results |
| The net outgoing resources for the year amounted to £17,487 (2023 - incoming £9,210). |
| FINANCIAL REVIEW |
| Investment policy |
| The trustees have considered the most appropriate policy for investing funds and have found that an interest bearing bank current account meets the charity's requirements for easily accessible funds and interest on any surplus balances. |
| Reserves policy |
| The directors have established a policy whereby the unrestricted not committed or invested in tangible fixed assets ('the free reserves') held by the charity should be at least twelve months of resources expended, which equates to £25,661 in general funds. At this level, the directors feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. It would obviously be necessary to consider how the funding would be replaced or activities changed if a funding shortage continued. At present the free reserves, which amount to £30,962 are above the target level and the directors aim to maintain this. |
| STRICHEN COMMUNITY PARK COMPANY (REGISTERED NUMBER: SC163826) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FUTURE PLANS |
| Strichen Community Park is run for the community by a team of dedicated volunteers, who meet regularly to plan maintenance and development. The volunteers also have many years of experience and expertise in managing the site for wildlife. The Lake supports a breeding pair of swans and many wild mallard ducks, which provide a focal point for the many families visiting the Park. The woodland areas permanently support several species of small birds such as finches, tits, robins, wrens, blackbirds & thrushes, in addition the less common residents include Tawny Owls, Great Spotted Woodpeckers together with a regularly nesting pair of Grey Herons. |
| The ongoing management of the Park incorporates the safeguarding the park's environment, including providing nesting sites for the resident bird population, together with ensuring a diverse flora within the park woodland and open areas, with the wildflower meadow and newly sown wild bird seed mixtures, providing flowers for pollinators and winter feeding for birds and other wild life. |
| The paths through the woodlands open grassland areas have been improved and extended over the years providing easy signed access routes for the many visitors of all abilities from the village and further afield. The mature Sitka Spruce woodland has been largely cleared as a result of the storm damage over the last few years and is being replaced by mixed woodland by planting and natural regeneration of birch, rowan, oak, beech and conifers, with an understorey of shrubs, scrub and herbs, providing a diverse habitat. |
| The paths were significantly improved in between 2023 and 2024, with grant support from the Scottish Government supported RCLLD funding and the Aberdeenshire Council Buchan Area Initiative which has improved and widened paths and replaced old timber bridges across water courses with culverts, enabling improved access around the Park. All paths now provide full access for all abilities. Drainage issues of run-off from the adjoining A981 New Deer Road and Formartine & Buchan Way have been addressed. |
| The remaining 2 acres of standing Sitka Spruce, at the Western end of the Park has been felled and will provide a reasonable income stream for Park maintenance and improvement from log sales following clearance by the Volunteers. |
| A successful application to the Scottish Government Just Transition Participatory Budget Fund enable the upgrading of the main tractor and trailer used for Park maintenance, purchase of battery powered mower and chain saws and training of volunteers to use chain saws. |
| During the financial year ending 31 August 2024 SCP have received grants as follows: |
| - Just Transition Participatory Budget: £34,000 grant towards the £34,959 costs. |
| - Rural Communities Challenge Fund received £29,103 towards costs incurred of £48,922. |
| - The 2022 Buchan Area Initiative grant of £5,000 received was for drainage repairing and car park improvements, totalling £9,714. |
| - Other small grants were received from Aberdeenshire Council's "Greening Buchan" project and from The Tree council for tree replanting. |
| The Volunteers tree clearance efforts resulted in a total timber sales of £6,114 for the year. |
| Margaret and Alana Watt, the tenants of the Lodge Café/Restaurant continue to provide visitors 7 days/week opening between 10.00am and 4.00pm, which included providing the serviced Park toilets. The rent was maintained at £700/m on the 3rd anniversary of the tenancy. |
| Following the Aberdeenshire LAG Community Led Vision Fund supported Energy Audit Retrofit plan demonstrating where energy was leaking from the building and proposing actions needed to address these losses. An application for the Aberdeenshire RCCLD Fund, an application to fund improvements has been made to the RCCLD in August 2024. This application also included replacing a further 6 timber bridges over burns and ditches with culverts. |
| STRICHEN COMMUNITY PARK COMPANY (REGISTERED NUMBER: SC163826) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| The Planning Application to build Forestry building, i.e. a Community Park Shed, behind the Lodge, submitted to Aberdeenshire Council in June 2023, had still not been approved at 30 September 2024. The application for funding up to £210,000 from the UK Prosperity Fund was approved, subject to Planning Permission Approval. Match Funding grant has also been applied for to the Vattenfall Community Fund. The proposal would provide a fully funded 24m x 10m secure building to provide storage for machinery and dry goods and a working area for volunteers. Two lean-tos to the building would provide shelter for visitors and an outside working area for timber preparation and storage. The roof area is proposed to hold a Solar Array, with a Ground Source Heat Boiler housed within the building, both providing a significant proportion of the Lodge's energy needs, on our path to de-carbonising Strichen Community Park. |
| A 2nd application for funding through the Just Transition Participatory Budgeting Fund was submitted in August 2024, to improve narrow paths to wheel chair friendly 2m wide paths, carry out further chain saw and first aid training and introduce purchase a Mobility Scooter for the use by Visitors to the Park. This application was subsequently deemed successful. |
| 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 by the company, either by receiving a written notice from a member who wishes to be considered for appointment at the Annual General Meeting or the trustees have the authority to appoint a new trustee at any point in the year if they deem necessary. |
| Organisational Structure |
| The board of trustees, which can have a maximum of 15 directors at any one point, administer the charity. The board meets monthly to discuss and manage all aspects of the charity's activities. The trustees are responsible for the appointment of the Chairperson and the Vice-Chairperson. |
| Induction and training of new trustees |
| Trustees are briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the organisational structure, decision making processes, the business plan and the recent financial performance of the charity. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| STRICHEN COMMUNITY PARK COMPANY (REGISTERED NUMBER: SC163826) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| Trustees |
| Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up. The total number of such guarantees at 31 August 2024 was 17 (2023 - 14). |
| Independent Examiner |
| Susan M Hepburn CA ATT |
| Leiper & Summers |
| 4 Charlotte Street |
| Fraserburgh |
| Aberdeenshire |
| AB43 9JE |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| STRICHEN COMMUNITY PARK COMPANY |
| I report on the accounts for the year ended 31 August 2024 set out on pages six 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. |
| Susan M Hepburn CA ATT |
| The Institute of Chartered Accountants of Scotland |
| Leiper & Summers |
| 4 Charlotte Street |
| Fraserburgh |
| Aberdeenshire |
| AB43 9JE |
| 29 May 2025 |
| STRICHEN COMMUNITY PARK COMPANY |
| STATEMENT OF FINANCIAL ACTIVITIES |
| (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 2024 | 2023 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 2 |
| Charitable activities |
| Investment income | 3 |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
| Transfers between funds | 10 | (18,674 | ) | 18,674 | - | - |
| Net movement in funds | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 411,498 |
| STRICHEN COMMUNITY PARK COMPANY (REGISTERED NUMBER: SC163826) |
| BALANCE SHEET |
| 31 AUGUST 2024 |
| 2024 | 2023 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 10 |
| Unrestricted funds | 196,279 |
| Restricted funds | 215,219 |
| TOTAL FUNDS | 411,498 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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. |
| STRICHEN COMMUNITY PARK COMPANY (REGISTERED NUMBER: SC163826) |
| BALANCE SHEET - continued |
| 31 AUGUST 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 |
| STRICHEN COMMUNITY PARK COMPANY |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 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. |
| Buildings | - |
| Plant and machinery | - |
| 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. |
| Cash and cash equivalents |
| Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
| STRICHEN COMMUNITY PARK COMPANY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 2. | DONATIONS AND LEGACIES |
| 2024 | 2023 |
| £ | £ |
| Donations |
| Grants |
| Grants received, included in the above, are as follows: |
| 2024 | 2023 |
| £ | £ |
| Aberdeenshire Council - Buchan Area Initiative | 5,000 | 5,000 |
| Rural and Island Communities Ideas Into Action | - | 30,000 |
| Agri Environment Climate Scheme | - | 39,054 |
| Aberdeenshire Council - Rural Communities Challenge Fund | 29,103 | - |
| The Tree Council - Branching Out | 563 | - |
| Aberdeenshire Council - Brighter Buchan | 200 | - |
| Aberdeenshire Voluntary Action - Just Transition Participatory Budgeting Fund |
34,000 | - |
| 68,866 | 74,054 |
| 3. | INVESTMENT INCOME |
| 2024 | 2023 |
| £ | £ |
| Bank account interest |
| 4. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2024 | 2023 |
| £ | £ |
| Depreciation - owned assets |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
| STRICHEN COMMUNITY PARK COMPANY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | funds | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Investment income |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| Transfers between funds | (9,366 | ) | 9,366 | - |
| Net movement in funds | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 206,405 | 195,883 |
| TOTAL FUNDS CARRIED FORWARD | 196,279 | 215,219 | 411,498 |
| STRICHEN COMMUNITY PARK COMPANY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 7. | TANGIBLE FIXED ASSETS |
| Lodge |
| equipment |
| Plant and | and |
| Land | Buildings | machinery | furnishings | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 September 2023 |
| Additions |
| At 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 |
| Charge for year |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Prepayments |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| Accrued expenses |
| STRICHEN COMMUNITY PARK COMPANY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 10. | MOVEMENT IN FUNDS |
| Net | Transfers |
| movement | between | At |
| At 1.9.23 | in funds | funds | 31.8.24 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General Fund | 196,279 | (7,163 | ) | (18,674 | ) | 170,442 |
| Restricted funds |
| Equipment | 1,276 | (255 | ) | - | 1,021 |
| Boathouse Extension | 1,737 | (174 | ) | - | 1,563 |
| Community Cafe and Heritage Centre | 169,808 | (14,466 | ) | - | 155,342 |
| Road Improvements | 3,350 | (223 | ) | - | 3,127 |
| Picnic Tables | 5,168 | (834 | ) | - | 4,334 |
| Bike Repair Stand | 784 | (157 | ) | - | 627 |
| Benches and Soft Play Area | 2,184 | (437 | ) | - | 1,747 |
| Sewer Connection | 30,912 | (3,091 | ) | - | 27,821 |
| Park maintenance | - | 9,313 | 18,674 | 27,987 |
| (10,324 | ) |
| TOTAL FUNDS | (17,487 | ) | 394,011 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General Fund | 18,498 | (25,661 | ) | (7,163 | ) |
| Restricted funds |
| Equipment | - | (255 | ) | (255 | ) |
| Boathouse Extension | - | (174 | ) | (174 | ) |
| Community Cafe and Heritage Centre | - | (14,466 | ) | (14,466 | ) |
| Road Improvements | - | (223 | ) | (223 | ) |
| Picnic Tables | - | (834 | ) | (834 | ) |
| Bike Repair Stand | - | (157 | ) | (157 | ) |
| Benches and Soft Play Area | - | (437 | ) | (437 | ) |
| Sewer Connection | - | (3,091 | ) | (3,091 | ) |
| Park maintenance | 68,866 | (59,553 | ) | 9,313 |
| ( |
) | (10,324 | ) |
| TOTAL FUNDS | ( |
) | (17,487 | ) |
| STRICHEN COMMUNITY PARK COMPANY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 10. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net | Transfers |
| movement | between | At |
| At 1.9.22 | in funds | funds | 31.8.23 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General Fund | 206,405 | (760 | ) | (9,366 | ) | 196,279 |
| Restricted funds |
| Equipment | 1,595 | (319 | ) | - | 1,276 |
| Boathouse Extension | 1,930 | (193 | ) | - | 1,737 |
| Community Cafe and Heritage Centre | 184,415 | (14,607 | ) | - | 169,808 |
| Road Improvements | 3,573 | (223 | ) | - | 3,350 |
| Picnic Tables | 660 | 4,508 | - | 5,168 |
| Bike Repair Stand | 980 | (196 | ) | - | 784 |
| Benches and Soft Play Area | 2,730 | (546 | ) | - | 2,184 |
| Sewer Connection | - | 27,792 | 3,120 | 30,912 |
| Park maintenance | - | (6,246 | ) | 6,246 | - |
| 195,883 | 9,970 | 9,366 | 215,219 |
| TOTAL FUNDS | 402,288 | 9,210 | - | 411,498 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General Fund | 18,678 | (19,438 | ) | (760 | ) |
| Restricted funds |
| Equipment | - | (319 | ) | (319 | ) |
| Boathouse Extension | - | (193 | ) | (193 | ) |
| Community Cafe and Heritage Centre | - | (14,607 | ) | (14,607 | ) |
| Road Improvements | - | (223 | ) | (223 | ) |
| Picnic Tables | 5,734 | (1,226 | ) | 4,508 |
| Bike Repair Stand | - | (196 | ) | (196 | ) |
| Benches and Soft Play Area | - | (546 | ) | (546 | ) |
| Sewer Connection | 30,000 | (2,208 | ) | 27,792 |
| Park maintenance | 39,154 | (45,400 | ) | (6,246 | ) |
| 74,888 | (64,918 | ) | 9,970 |
| TOTAL FUNDS | 93,566 | (84,356 | ) | 9,210 |
| STRICHEN COMMUNITY PARK COMPANY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 10. | MOVEMENT IN FUNDS - continued |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net | Transfers |
| movement | between | At |
| At 1.9.22 | in funds | funds | 31.8.24 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General Fund | 206,405 | (7,923 | ) | (28,040 | ) | 170,442 |
| Restricted funds |
| Equipment | 1,595 | (574 | ) | - | 1,021 |
| Boathouse Extension | 1,930 | (367 | ) | - | 1,563 |
| Community Cafe and Heritage Centre | 184,415 | (29,073 | ) | - | 155,342 |
| Road Improvements | 3,573 | (446 | ) | - | 3,127 |
| Picnic Tables | 660 | 3,674 | - | 4,334 |
| Bike Repair Stand | 980 | (353 | ) | - | 627 |
| Benches and Soft Play Area | 2,730 | (983 | ) | - | 1,747 |
| Sewer Connection | - | 24,701 | 3,120 | 27,821 |
| Park maintenance | - | 3,067 | 24,920 | 27,987 |
| 195,883 | (354 | ) | 28,040 | 223,569 |
| TOTAL FUNDS | 402,288 | (8,277 | ) | - | 394,011 |
| 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 | 37,176 | (45,099 | ) | (7,923 | ) |
| Restricted funds |
| Equipment | - | (574 | ) | (574 | ) |
| Boathouse Extension | - | (367 | ) | (367 | ) |
| Community Cafe and Heritage Centre | - | (29,073 | ) | (29,073 | ) |
| Road Improvements | - | (446 | ) | (446 | ) |
| Picnic Tables | 5,734 | (2,060 | ) | 3,674 |
| Bike Repair Stand | - | (353 | ) | (353 | ) |
| Benches and Soft Play Area | - | (983 | ) | (983 | ) |
| Sewer Connection | 30,000 | (5,299 | ) | 24,701 |
| Park maintenance | 108,020 | (104,953 | ) | 3,067 |
| 143,754 | (144,108 | ) | (354 | ) |
| TOTAL FUNDS | 180,930 | (189,207 | ) | (8,277 | ) |
| STRICHEN COMMUNITY PARK COMPANY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 11. | RELATED PARTY DISCLOSURES |