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REGISTERED COMPANY NUMBER: SC491983 (Scotland)
REGISTERED CHARITY NUMBER: SC045972














Report of the Trustees and

Unaudited Financial Statements For The Year Ended 30 November 2024

for

The Lossiemouth Community
Development Trust

The Lossiemouth Community
Development Trust






Contents of the Financial Statements
For The Year Ended 30 November 2024




Page

Report of the Trustees 1 to 6

Independent Examiner's Report 7

Statement of Financial Activities 8

Balance Sheet 9 to 10

Notes to the Financial Statements 11 to 17

The Lossiemouth Community
Development Trust (Registered number: SC491983)

Report of the Trustees
For The Year Ended 30 November 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 November 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 charity's objects are to:

Promote the prevention or relief of poverty;
Promote the advancement of education;
Promote the advancement of citizenship or community development;
Promote the provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended;
Promote the advancement of environmental protection or improvement.


The Lossiemouth Community
Development Trust (Registered number: SC491983)

Report of the Trustees
For The Year Ended 30 November 2024

ACHIEVEMENT AND PERFORMANCE
In 2024/25, Lossiemouth Community Development Trust has had the privilege of continuing to grow its role for our community. Over the past year we have deepened our engagement with other local groups and forged stronger ties with organisations that play a vital role in the life of our town. We are proud to have built closer relationships with RAF Lossiemouth and we look forward to continuing to develop this partnership in the year ahead.

During the last 12 months since our AGM in April 2024 the Board has consisted of -
Fiona Conti - Chair
Paul Bowden - Vice Chair.
Peter Brash - Secretary
Lee Marshall - Treasurer.
Gisela Joss
Iain Wilkinson

There have been the following changes during the course of 2024/25 -
Robbie Conti resigned as a Trustee
Margaret Steele resigned as a Trustee
Christopher Saunderson joined as a Trustee

Fiona Birse retired from her position as Development Trust Officer in September 2024 but continues to support the work of the Trust through taking part as a volunteer when she can. The Trust would like to thank Fiona for her years of service to the Trust and to the Third Sector as a whole. Alison Read and Kate Armitage continue in their roles as Development Trust Officers on a job-share basis and their mix of skills and enthusiasm is a credit to the Trust.
This year has not been without its challenges. Like many in the third sector, we've navigated a difficult funding climate while responding to the changing needs of our community. Through it all, the Trust has remained committed to resilience and collaboration-drawing strength from our partners, supporters, and the people of Lossiemouth.

I would like to extend my sincere thanks to Fiona Robb and Karen Chamberlain of Highlands and Islands Enterprise. Our thanks also go to Lossiemouth Community Council and Lossiemouth Business Association for their consistent support and willingness to work together on shared goals. We are equally appreciative of the continued advice and encouragement from DTAS and TSI Moray, both of which have played an important part in helping us navigate this year. We also continue to have input from our Community Support officer from Moray Council, Rhona McNicoll, who has been working closely with the DTOs on plans for the potential Community Asset Transfer of Station Park in Lossiemouth.

Finally, and most importantly, thank you to the many dedicated community groups, volunteers, and residents of Lossiemouth. Your energy, generosity, and vision continue to inspire everything we do. Together, we're building a stronger, more connected, and more resilient Lossiemouth.

Like many in the third sector, Lossiemouth Community Development Trust has continued to navigate a difficult and uncertain funding landscape. The level of need in communities across Scotland is growing, and while there is no shortage of good ideas and vital projects, competition for available funding remains extremely high.

Another challenge we face is prioritising which projects to pursue. As a small organisation with limited core funding, it's vital that we focus our energy and resources on initiatives that clearly meet identified community needs-while also being realistic about what we can deliver in the current climate. This balancing act is ongoing and requires careful planning, strong partnerships, and continued engagement with the people we serve.


The Lossiemouth Community
Development Trust (Registered number: SC491983)

Report of the Trustees
For The Year Ended 30 November 2024

2024 was also a year of building on the opportunity of having our own office space on Pitgaveny Street. One of the success stories of 2024 was the setting up of the Visitor Information Centre (VIC) within the reception area of the office. Created entirely from donations and based on work seen in other towns in Moray and beyond, the VIC was manned entirely from volunteer effort and was open during holiday periods and bank holidays. We welcomed over 400 visitors to the VIC and counted over 100 dogs as well! This was such a success that the decision was made to continue the VIC during the 2025 seasons from Easter and then on through Summer. Our location lends itself very well to the Trust being more visible in the Community as well as being open for visitors to the town who come in to look for advice on places to visit and activities in and around Lossiemouth. This in turn has helped us to continue to grow our membership as people are encouraged to become more aware of what is happening within their community and can see the work of the Trust first hand.

One unforeseen benefit is the impact on the wellbeing of the volunteers as they make new friends and grow in confidence as well as being able to extend their knowledge of the town they call home, as they work in teams to cover the opening hours and can learn the history of the town at the same time as helping visitors. The thanks of the Board once again go to Donna Maclean and Janet Wilkinson for coordinating this project and to Janet for stepping up as Volunteer Manager for this venture and to bringing a band of willing volunteers together to help make this a success.

Community groups and agencies rent space from us to hold meetings, Moray Council have rented the space for public consultations, and we have been able to offer the space for several craft workshops over the year. We welcomed the Bank of Scotland in the summer of 2024 who utilise a meeting room every 2 weeks with their 'cashless bank', and they decided to continue this on beyond their initial 6 months tenure.

The office windows offer a great noticeboard for everyone in Lossiemouth, whether they live here, work here or are visiting and the DTOs created a full 'What's on' calendar of events to share as part of the signposting/VIC, based on all the community groups in Lossiemouth sharing their plans to try to maximise the reach as far as possible, and to encourage good participation.

Finance

The Treasurers activity is now the responsibility of Lee Marshall with Kate Armitage assisting by dealing with the day-to-day income and expenditure activity. The Trust account remains healthy, and a full report will be submitted for the AGM by Lee/Kate. The Trust were given the opportunity to adopt Quickbooks as an accounting tool to better track income, expenditure, project costs etc and Kate was central to making the transition from the manual process previously in place to the new system. This gives a more rounded view on the financial position and lends itself to better reporting.

5 Year Plan

The current 5 year continues until December 2027 and the Trust is working towards gathering ideas and formulating a new plan which will take us into the future. Prioritising the right projects for 2025 and beyond will be essential as we continue balancing ambition with sustainability in a challenging external environment.
As always, we are keen to hear from the Community in respect of things they would like to see happening in Lossiemouth so we can adopt the right projects or field them to other Community Groups as appropriate.

The Trust was the lead organisation in Lossiemouth for the Local Place Plan, which is a community-led plan that allows community bodies to actively plan for their future, working alongside Lossiemouth Community Council and Lossiemouth Business Association. A large focus of work for the DTOs during this year has been running extensive consultations to feed into the Local Place Plan which in turn will inform our work in the future and will enable us to ensure we continue to be community led.

The Trust was asked to be caretakers of monies from the Lossiemouth Bus Trust and to ensure that it was put to good use within the Community. As a result, a process was developed whereby groups could apply for funding and the applications were then considered by a separate Bus Trust Steering Board. To date a number of Community groups have benefitted from the donations given to them for capital purchases. In addition, Action Marine Park were named by the Lossiemouth Bus Trust as a beneficiary of funds to use for setting up a Mini-Golf/Pitch and Putt area and they received a donation in line with the wishes of the Bus Trust.



The Lossiemouth Community
Development Trust (Registered number: SC491983)

Report of the Trustees
For The Year Ended 30 November 2024

Specific projects the Trust is looking at in the short to mid-term are -

Leading on the development of a Local Place Plan for Lossiemouth, in partnership with Lossiemouth Community Council and the Lossiemouth Business Association. This plan will help shape the long-term vision for our town, rooted in community priorities.

Community Food Growing

The Trust is currently looking to secure some land through a Community Asset Transfer to provide a community food growing area for Lossiemouth. Previously this had been on the 5 year plan as Community Gardens and consultations identified this as a definite need, not just from an educational perspective but also from a mental health and wellbeing perspective as well as helping with the cost-of-living crisis which has affected the country over the last couple of years and shows no sign of abating. To date, we have had a growing number of volunteers taking an active part in practical work and in visits to other areas where there are already Community Gardens. The initial stage of this will be the provision of herb planters in James Square, with a longer-term view to utilise space that has been identified as potential areas for growing across Lossiemouth to set up a larger facility. This is unlikely to be an income generating project, but grant funding is available for projects such as these which would allow the Trust to deliver to a specific need.

Renewables

Exploring the potential for a community renewable energy project in Lossiemouth, supporting our commitment to sustainability and long-term income generation.

Station Park

Continuing to assess the feasibility of Station Park regeneration, as we progress through the business planning stage. This year will be crucial in determining what aspects of the vision are achievable, and how best to phase delivery in a realistic and community-led way.

Community Fund raising and events

Diversifying our income remains a top priority. We will focus on increasing unrestricted income, broadening our base of funders, and developing income-generating activities to ensure the long-term sustainability of the Trust and our work.

In addition, we continue to support our affiliated groups where we can

Laich of Moray Active Travel Route

During 2024/25, new members joined the LoMATR and progress was made on publicising the importance of this initiative through various media. Positive engagement was made with Moray Golf Club to try to find an appropriate route for the ATR.

Lossiemouth Skatepark

Supporting the Lossiemouth Skate Park Initiative, as we, collectively move closer to making the town's first skate park a reality. We remain committed to supporting the project through planning, fundraising, and delivery wherever we can

Lossiemouth Men's Shed

The Men's Shed continues to go from strength to strength and is having a big impact across the Community, getting involved in projects where it can as well as now creating an income stream from items built by the members.

Professional Opinion

The Board is once again grateful to Secretary Peter Brash for informal legal help when needed.



The Lossiemouth Community
Development Trust (Registered number: SC491983)

Report of the Trustees
For The Year Ended 30 November 2024

Conclusion

I finish this report by thanking all Board Members, our Development Officers, Moray Council Officers, local Councillors, the Lossiemouth Business Association and Lossiemouth Community Council, for their work and involvement in Trust activities. I also have to extend thanks to the continuing support we receive from HIE, DTAS and TSI Moray. And I would also like to thank the Community of Lossiemouth for their continued interest and support of the Trust.

FINANCIAL REVIEW
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which covers unrestricted expenditure and provides sufficient funds to cover management, administration and support costs for the period of one year to fund projected additions to and replacements of, fixed assets and to enable it to fund future capital projects.

The level of unrestricted funds held at the year end was £33,597 of which £11,020 was represented by fixed assets leaving £22,577 of liquid funds to be used for the general running of the charity.

Restricted funds are funds which are to be used in accordance with the specific restrictions imposed by donors which have been raised by the charity for specific purpose. The level of restricted funds held at the year end was £30,782 (2023 - £8,161)

The charity has the power to invest surplus funds as it believes appropriate.

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

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.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC491983 (Scotland)

Registered Charity number
SC045972

Registered office
8a Pitgaveny Street
Lossiemouth
Moray
IV31 6NS

Trustees
Mr P R Bowden
Mr P M Brash
Mr R D Conti (resigned 24.6.24)
Mrs F M Conti
Mrs G L Joss
Mrs M Steele (resigned 1.7.24)
Mr R I Wilkinson (appointed 22.1.24)
Mr L R Marshall
Mr C J Saunderson (appointed 28.10.24)


The Lossiemouth Community
Development Trust (Registered number: SC491983)

Report of the Trustees
For The Year Ended 30 November 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Alan Long FCA
The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR

Bankers
Bank of Scotland
600 Gorgie Road
Edinburgh
EH11 3XP

Approved by order of the board of trustees on 9 May 2025 and signed on its behalf by:





Mrs F M Conti - Trustee

Independent Examiner's Report to the Trustees of
The Lossiemouth Community
Development Trust

I report on the accounts for the year ended 30 November 2024 set out on pages eight to seventeen.

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.








Alan Long FCA
The Institute of Chartered Accountants in England and Wales

The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR

9 May 2025

The Lossiemouth Community
Development Trust

Statement of Financial Activities
For The Year Ended 30 November 2024

30.11.24 30.11.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,516 74,615 76,131 56,236

Other trading activities 2 6,088 - 6,088 473
Total 7,604 74,615 82,219 56,709

EXPENDITURE ON
Charitable activities
Scottish Community Projects 5,875 48,933 54,808 54,373
Cycle Path
- - - 1,596
Visit Scotland - - - 7,510
General - - - -
Men's Shed - - - 9,590
Total 5,875 48,933 54,808 73,069

NET INCOME/(EXPENDITURE) 1,729 25,682 27,411 (16,360 )
Transfers between funds 9 3,451 (3,451 ) - -
Net movement in funds 5,180 22,231 27,411 (16,360 )

RECONCILIATION OF FUNDS
Total funds brought forward 28,417 8,161 36,578 52,938

TOTAL FUNDS CARRIED FORWARD 33,597 30,392 63,989 36,578

The Lossiemouth Community
Development Trust (Registered number: SC491983)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 11,020 - 11,020 4,016

CURRENT ASSETS
Debtors 7 2,953 - 2,953 5,418
Cash at bank and in hand 22,322 30,392 52,714 29,110
25,275 30,392 55,667 34,528

CREDITORS
Amounts falling due within one year 8 (2,698 ) - (2,698 ) (1,966 )

NET CURRENT ASSETS 22,577 30,392 52,969 32,562

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,597

30,392

63,989

36,578

NET ASSETS 33,597 30,392 63,989 36,578
FUNDS 9
Unrestricted funds 33,597 28,417
Restricted funds 30,392 8,161
TOTAL FUNDS 63,989 36,578

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.


The Lossiemouth Community
Development Trust (Registered number: SC491983)

Balance Sheet - continued
30 November 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 9 May 2025 and were signed on its behalf by:





Mrs F M Conti - Trustee

The Lossiemouth Community
Development Trust

Notes to the Financial Statements
For The Year Ended 30 November 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.


Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


The Lossiemouth Community
Development Trust

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

2. OTHER TRADING ACTIVITIES
30.11.24 30.11.23
£    £   
Fundraising events 3,777 473
Room hire 2,311 -
6,088 473

3. NET INCOME/(EXPENDITURE)

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

30.11.24 30.11.23
£    £   
Depreciation - owned assets 2,355 1,627
Deficit on disposal of fixed assets 719 -

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,360 54,876 56,236

Other trading activities 473 - 473
Total 1,833 54,876 56,709

EXPENDITURE ON
Charitable activities
Scottish Community Projects 12,887 41,486 54,373
Cycle Path
- 1,596 1,596
Visit Scotland - 7,510 7,510
Men's Shed - 9,590 9,590
Total 12,887 60,182 73,069

NET INCOME/(EXPENDITURE) (11,054 ) (5,306 ) (16,360 )
Transfers between funds 30,164 (30,164 ) -

The Lossiemouth Community
Development Trust

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   
Net movement in funds 19,110 (35,470 ) (16,360 )

RECONCILIATION OF FUNDS
Total funds brought forward 9,307 43,631 52,938

TOTAL FUNDS CARRIED FORWARD 28,417 8,161 36,578

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2023 1,428 2,613 6,834 10,875
Additions 9,272 - 806 10,078
Disposals (1,428 ) - (1,419 ) (2,847 )
At 30 November 2024 9,272 2,613 6,221 18,106
DEPRECIATION
At 1 December 2023 469 241 6,149 6,859
Charge for year 1,209 593 553 2,355
Eliminated on disposal (709 ) - (1,419 ) (2,128 )
At 30 November 2024 969 834 5,283 7,086
NET BOOK VALUE
At 30 November 2024 8,303 1,779 938 11,020
At 30 November 2023 959 2,372 685 4,016

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 2,953 4,578
Other debtors - 840
2,953 5,418


The Lossiemouth Community
Development Trust

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 144 496
Social security and other taxes 664 -
Wages and pension 136 206
Accrued expenses 1,754 1,264
2,698 1,966

9. MOVEMENT IN FUNDS
Net Transfers
At movement between At
1.12.23 in funds funds 30.11.24
£    £    £    £   
Unrestricted funds
General fund 28,417 1,729 3,451 33,597

Restricted funds
Highlands and Islands Enterprise



5,688


(3,165


)


-


2,523
Bridge Fund 2,473 - - 2,473
Bus Trust - 24,223 - 24,223
Telescope - 3,451 (3,451 ) -
Tourism - 1,168 - 1,168
Lossie matters - 5 - 5
8,161 25,682 (3,451 ) 30,392
TOTAL FUNDS 36,578 27,411 - 63,989

The Lossiemouth Community
Development Trust

Notes to the Financial Statements - continued
For The Year Ended 30 November 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 7,604 (5,875 ) 1,729

Restricted funds
Highlands and Islands Enterprise



41,605


(44,770


)


(3,165


)
Bus Trust 24,563 (340 ) 24,223
DTAS Conference 443 (443 ) -
Telescope 3,500 (49 ) 3,451
Toilets 2,714 (2,714 ) -
Tourism 1,500 (332 ) 1,168
Lossie matters 290 (285 ) 5
74,615 (48,933 ) 25,682
TOTAL FUNDS 82,219 (54,808 ) 27,411


Comparatives for movement in funds

Net Transfers
At movement between At
1.12.22 in funds funds 30.11.23
£    £    £    £   
Unrestricted funds
General fund 9,307 (11,054 ) 30,164 28,417

Restricted funds
Highlands and Islands Enterprise



3,262


2,766


(340


)


5,688
Sports Hub 1,596 (1,596 ) - -
Visit Scotland 3,755 (3,755 ) - -
Boat Esplanade/Seafest 1,873 (1,873 ) - -
Scottish Community Project 9,824 - (9,824 ) -
Bridge Fund 23,321 (848 ) (20,000 ) 2,473
43,631 (5,306 ) (30,164 ) 8,161
TOTAL FUNDS 52,938 (16,360 ) - 36,578

The Lossiemouth Community
Development Trust

Notes to the Financial Statements - continued
For The Year Ended 30 November 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 1,833 (12,887 ) (11,054 )

Restricted funds
Highlands and Islands Enterprise



47,159


(44,393


)


2,766
Sports Hub - (1,596 ) (1,596 )
Visit Scotland - (3,755 ) (3,755 )
Men's Shed 9,590 (9,590 ) -
Boat Esplanade/Seafest (1,873 ) - (1,873 )
Bridge Fund - (848 ) (848 )
54,876 (60,182 ) (5,306 )
TOTAL FUNDS 56,709 (73,069 ) (16,360 )

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
At movement between At
1.12.22 in funds funds 30.11.24
£    £    £    £   
Unrestricted funds
General fund 9,307 (9,325 ) 33,615 33,597

Restricted funds
Highlands and Islands Enterprise



3,262


(399


)


(340


)


2,523
Sports Hub 1,596 (1,596 ) - -
Visit Scotland 3,755 (3,755 ) - -
Boat Esplanade/Seafest 1,873 (1,873 ) - -
Scottish Community Project 9,824 - (9,824 ) -
Bridge Fund 23,321 (848 ) (20,000 ) 2,473
Bus Trust - 24,223 - 24,223
Telescope - 3,451 (3,451 ) -
Tourism - 1,168 - 1,168
Lossie matters - 5 - 5
43,631 20,376 (33,615 ) 30,392
TOTAL FUNDS 52,938 11,051 - 63,989

The Lossiemouth Community
Development Trust

Notes to the Financial Statements - continued
For The Year Ended 30 November 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 9,437 (18,762 ) (9,325 )

Restricted funds
Highlands and Islands Enterprise



88,764


(89,163


)


(399


)
Sports Hub - (1,596 ) (1,596 )
Visit Scotland - (3,755 ) (3,755 )
Men's Shed 9,590 (9,590 ) -
Boat Esplanade/Seafest (1,873 ) - (1,873 )
Bridge Fund - (848 ) (848 )
Bus Trust 24,563 (340 ) 24,223
DTAS Conference 443 (443 ) -
Telescope 3,500 (49 ) 3,451
Toilets 2,714 (2,714 ) -
Tourism 1,500 (332 ) 1,168
Lossie matters 290 (285 ) 5
129,491 (109,115 ) 20,376
TOTAL FUNDS 138,928 (127,877 ) 11,051

10. RELATED PARTY DISCLOSURES

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