| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements For The Year Ended 30 November 2024 |
| for |
| The Lossiemouth Community |
| Development Trust |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| 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 |
| Registered Charity number |
| Registered office |
| Trustees |
| 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 |
| Edinburgh |
| EH11 3XP |
| Approved by order of the board of trustees on |
| 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 |
| Other trading activities | 2 |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Cycle Path |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| Transfers between funds | 9 | 3,451 | (3,451 | ) | - | - |
| Net movement in funds | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 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 |
| 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 | 28,417 |
| Restricted funds | 8,161 |
| TOTAL FUNDS | 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 |
| 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 | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 |
| Room hire |
| 3. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Depreciation - owned assets |
| Deficit on disposal of fixed assets |
| 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 |
| Other trading activities |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Cycle Path |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
| 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 | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 9,307 | 43,631 |
| 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 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 November 2024 |
| DEPRECIATION |
| At 1 December 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 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 |
| Social security and other taxes |
| Wages and pension | 136 | 206 |
| Accrued expenses |
| 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 |
| 25,682 | ( |
) |
| TOTAL FUNDS | 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 |
| ( |
) | 25,682 |
| TOTAL FUNDS | ( |
) | 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 |