IRIS Accounts Production v25.1.0.734 Other Company accounts True false Pounds 1.10.23 30.9.24 30.9.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4864722023-09-30SC4864722024-09-30SC4864722023-10-012024-09-30SC4864722022-09-30SC4864722022-10-012023-09-30SC4864722023-09-30SC486472ns0:CharitableCompanyLimitedByGuarantee2023-10-012024-09-30SC486472ns15:PoundSterling2023-10-012024-09-30SC486472ns11:FRS1022023-10-012024-09-30SC486472ns11:IndependentExaminationCharity2023-10-012024-09-30SC486472ns11:SmallCompaniesRegimeForAccounts2023-10-012024-09-30SC486472ns11:FullAccounts2023-10-012024-09-30SC486472ns11:CharitiesSORP2023-10-012024-09-30SC486472ns16:EnglandWales2023-10-012024-09-30SC486472ns11:RegisteredOffice2023-10-012024-09-30SC486472ns0:Trustee22023-10-012024-09-30SC486472ns0:Trustee32023-10-012024-09-30SC486472ns0:Trustee12023-10-012024-09-30SC486472ns0:Trustee42023-10-012024-09-30SC486472ns0:Trustee52023-10-012024-09-30SC486472ns0:Trustee62023-10-012024-09-30SC486472ns0:Trustee72023-10-012024-09-30SC486472ns0:Trustee82023-10-012024-09-30SC486472ns0:Trustee92023-10-012024-09-30SC486472ns0:TotalUnrestrictedFunds2023-10-012024-09-30SC486472ns0:TotalRestrictedIncomeFunds2023-10-012024-09-30SC486472ns0:Activity82023-10-012024-09-30SC486472ns0:TotalUnrestrictedFundsns0:Activity82023-10-012024-09-30SC486472ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-10-012024-09-30SC486472ns0:Activity82022-10-012023-09-30SC486472ns0:TotalUnrestrictedFunds2023-09-30SC486472ns0:TotalRestrictedIncomeFunds2023-09-30SC486472ns0:TotalUnrestrictedFunds2024-09-30SC486472ns0:TotalRestrictedIncomeFunds2024-09-30SC486472ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-09-30SC486472ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-09-30SC486472ns10:WithinOneYear2024-09-30SC486472ns10:WithinOneYear2023-09-30SC486472ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-10-012024-09-30SC486472ns10:PlantMachinery2023-10-012024-09-30SC486472ns10:ComputerEquipment2023-10-012024-09-30SC48647222023-10-012024-09-30SC48647212023-10-012024-09-30SC48647212022-10-012023-09-30SC486472ns10:OwnedAssets2023-10-012024-09-30SC486472ns10:OwnedAssets2022-10-012023-09-30SC486472ns0:TotalUnrestrictedFunds2022-10-012023-09-30SC486472ns0:TotalRestrictedIncomeFunds2022-10-012023-09-30SC486472ns0:TotalUnrestrictedFundsns0:Activity82022-10-012023-09-30SC486472ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-10-012023-09-30SC486472ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-09-30SC486472ns10:PlantMachinery2023-09-30SC486472ns10:ComputerEquipment2023-09-30SC486472ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-09-30SC486472ns10:PlantMachinery2024-09-30SC486472ns10:ComputerEquipment2024-09-30SC486472ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-09-30SC486472ns10:PlantMachinery2023-09-30SC486472ns10:ComputerEquipment2023-09-30
REGISTERED COMPANY NUMBER: SC486472 (Scotland)
REGISTERED CHARITY NUMBER: 046600
























REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GALLAN HEAD COMMUNITY TRUST

GALLAN HEAD COMMUNITY TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 14

GALLAN HEAD COMMUNITY TRUST (REGISTERED NUMBER: SC486472)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 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 September 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 main objectives of the charity are:
- To manage community land and associate assets for the benefit of the Community and the public in general.
- To provide, or assist in providing, recreational facilities, and/or organising recreational activities, which will be available to members of the Community and the public with the object of improving the conditions of the life of the Community.
- To advance community development, including urban and rural generation within the Community.
- To advance the education of the Community about its environment, culture, heritage and history.
- To advance environmental protection or improvement including preservations, sustainable development and conservation of the natural environment, the maintenance, improvement or provision of environmental amenities for the Community and preservation of buildings or sites of architectural, historic or other importance to the community.

Significant activities
In 2016, the charity took ownership of the Gallan Head estate, as well as a property for use as a visitor centre. This was achieved with significant financial support from the Scottish Land Fund as well as Comhairle nan Eilean Siar and Highland and Islands Enterprise (HIE). In addition to this, HIE also awarded grant funding for technical assistance with the project going forward. The Trust also gained charitable status as of the 3rd of June 2016.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the charity:-
- Continued the process of community development to improve the quality of life for all residents and crofters. Some of the activities undertaken are listed:
- funded the services of a part time development worker to assist with the community regeneration process
- completed a building upgrade feasibility study & business plan
- undertook consultation days relating to upgrading community buildings
- held a Community Land Scotland event
- held various social events
- operating a community Cafe
- installed a small foodbank
- Dark Skies status procedure ongoing
- contributed to CnES Local Action Plan
- set up a weather station
- continued community buildings maintenance
- participation in the Uig Forum

Internal and external factors
The charity is partially dependent upon the continuing support of public funding agencies to assist in the ongoing delivery of the aims and objectives of the trust.

FINANCIAL REVIEW
Principal funding sources
The charity is dependent on grants, donations and fundraising to fund its operational costs. The principal funding sources for the charity during the year were donations and grants from the National Lottery, Comhairle nan Eilean Siar (Western Isles Council), Hurtigruten Foundation and Community Land Scotland.

Reserves policy
During the year the charity's outgoing resources exceeded the incoming resources resulting in a deficit of £9,050 for the period (2023 - deficit of £20,085). As a result, general funds have increased to £20,364 and restricted funds decreased to £231,131. The majority of restricted reserves relate to grants received for capital assets.

GALLAN HEAD COMMUNITY TRUST (REGISTERED NUMBER: SC486472)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024


FUTURE PLANS
The charity's main objectives for the forthcoming year will be to continue the process of improving the quality of life for all residents and crofters including:
- continue to engage the services of a part time development worker
- secure funding for final building upgrade reports
- progress the upgrade of 2 derelict buildings for community use
- extending the community hub carpark
- install motorhome hook up points
- erect a larger community polycrub
- community hub energy efficiency measures
- install interpretation boards
- produce a guidebook
- install more directional signage
- maintain more pathways
- install night sky monitoring equipment
- continue the food bank
- gain Dark Skies status
- hold a Dark Skies event
- install sea vessel monitoring as part of a wider sea mammal management project

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.

The trust is a charitable company limited by guarantee, incorporated on 11 September 2014 and registered as a charity with effect from 3 June 2016. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law.

Under the terms of the Memorandum and Articles of Association the Elected Directors are appointed by the whole body of members at the Annual General Meeting. One third of the Elected Directors must retire by rotation at each Annual General Meeting.

The Board may also invite any Nominated Member of the company to nominate representatives to be appointed as Nominated Directors. Nominated Directors do not require to retire by rotation.

Organisational structure
The board consists of voluntary directors who manage the affairs of the charity through regular board meetings. The charity has reviewed its internal operational structure to assist in the effective management of the organisation. The board members are involved in the day to day operations of the charity. The charity employs a Development Officer who assists in the implementation of decisions from the board.

Wider network
The charity has established links with other organisations and agencies to foster the aims and objectives of the organisation.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC486472 (Scotland)

Registered Charity number
046600


GALLAN HEAD COMMUNITY TRUST (REGISTERED NUMBER: SC486472)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Registered office
Gallan Beag
Aird
Uig
Isle of Lewis
HS2 9JA

Trustees
R Newbury
K D Sullivan
F L'Estrange
E Hayes
T M Bell
T N Regler
M Dobson
L Lewis
J Smith

Independent Examiner
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

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 16 June 2025 and signed on its behalf by:





F L'Estrange - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GALLAN HEAD COMMUNITY TRUST



I report on the accounts for the year ended 30 September 2024 set out on pages five to fourteen.

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.








Iain Morrison ACMA
The Chartered Institute of Management Accountants

CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

16 June 2025

GALLAN HEAD COMMUNITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024

30.9.24 30.9.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 2,249 1 2,250 3,041

Charitable activities 3
Community Development 2,197 19,726 21,923 29,264
Total 4,446 19,727 24,173 32,305

EXPENDITURE ON
Charitable activities 4
Community Development 3,223 30,000 33,223 52,390

NET INCOME/(EXPENDITURE) 1,223 (10,273 ) (9,050 ) (20,085 )


RECONCILIATION OF FUNDS
Total funds brought forward 19,141 241,404 260,545 280,630

TOTAL FUNDS CARRIED FORWARD 20,364 231,131 251,495 260,545

GALLAN HEAD COMMUNITY TRUST (REGISTERED NUMBER: SC486472)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 - 205,956 205,956 214,412

CURRENT ASSETS
Debtors 11 253 - 253 228
Cash at bank 21,106 25,175 46,281 46,865
21,359 25,175 46,534 47,093

CREDITORS
Amounts falling due within one year 12 (995 ) - (995 ) (960 )

NET CURRENT ASSETS 20,364 25,175 45,539 46,133

TOTAL ASSETS LESS CURRENT LIABILITIES 20,364 231,131 251,495 260,545

NET ASSETS 20,364 231,131 251,495 260,545
FUNDS 13
Unrestricted funds 20,364 19,141
Restricted funds 231,131 241,404
TOTAL FUNDS 251,495 260,545

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


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


GALLAN HEAD COMMUNITY TRUST (REGISTERED NUMBER: SC486472)

BALANCE SHEET - continued
30 SEPTEMBER 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 16 June 2025 and were signed on its behalf by:





F L'Estrange - Trustee

GALLAN HEAD COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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.

The accounts are prepared in sterling which is the functional currency of the charity, and are rounded to the nearest £.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Income received in advance is deferred until the criteria for income recognition are met.

Grants generated to support the objects of the charity and without further specified purpose are taken to the Statement of Financial Activities in that period. Grants received which are related to capital expenditure or are for a specified purpose are transferred to Restricted Funds and are utilised to fund the future depreciation of the related capital expenditure or fund the costs relating to the specified purpose.

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.

Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its objects and activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. The allocation of direct and support costs are analysed in the notes to the financial statements.

Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Land & Buildings - 4% on cost
Plant and machinery - 20% on cost
Computer equipment - 25% 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.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.


GALLAN HEAD COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. ACCOUNTING POLICIES - continued

Fund accounting
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.

2. DONATIONS AND LEGACIES
30.9.24 30.9.23
£    £   
Donations 2,250 3,041

3. INCOME FROM CHARITABLE ACTIVITIES
30.9.24 30.9.23
Activity £    £   
Rental income Community Development 2,197 2,764
Grants Community Development 19,726 26,500
21,923 29,264

Grants received, included in the above, are as follows:
30.9.24 30.9.23
£    £   
Comhairle nan Eilean Siar 5,300 200
Lottery Community Fund 10,000 21,000
Inspiring Scotland - 5,000
Community Land Scotland 300 300
Hurtigruten Foundation 4,126 -
19,726 26,500

4. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 5) note 6) Totals
£    £    £   
Community Development 32,194 1,029 33,223


GALLAN HEAD COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. DIRECT COSTS OF CHARITABLE ACTIVITIES
30.9.24 30.9.23
£    £   
Insurance 1,241 1,116
Light and heat 546 1,904
Sundries 25 -
Advertising 60 -
Feasibility Study - 5,064
Consultancy 20,020 20,503
Website Expenses 144 120
Repairs & Renewals 163 7,672
Projects 1,524 2,298
Bank Charges 15 37
Depreciation 8,456 12,606
32,194 51,320

6. SUPPORT COSTS
Governance
costs
£   
Community Development 1,029

Support costs, included in the above, are as follows:
30.9.24 30.9.23
Community Total
Development activities
£    £   
Accountancy and legal fees 1,029 1,070

7. NET INCOME/(EXPENDITURE)

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

30.9.24 30.9.23
£    £   
Depreciation - owned assets 8,456 12,605

8. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


GALLAN HEAD COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,040 1 3,041

Charitable activities
Community Development 2,764 26,500 29,264
Total 5,804 26,501 32,305

EXPENDITURE ON
Charitable activities
Community Development 11,983 40,407 52,390

NET INCOME/(EXPENDITURE) (6,179 ) (13,906 ) (20,085 )


RECONCILIATION OF FUNDS
Total funds brought forward 25,320 255,310 280,630

TOTAL FUNDS CARRIED FORWARD 19,141 241,404 260,545

10. TANGIBLE FIXED ASSETS
Land & Plant and Computer
Buildings machinery equipment Totals
£    £    £    £   
COST
At 1 October 2023 and 30 September 2024 254,860 22,166 1,220 278,246
DEPRECIATION
At 1 October 2023 41,125 21,489 1,220 63,834
Charge for year 8,173 283 - 8,456
At 30 September 2024 49,298 21,772 1,220 72,290
NET BOOK VALUE
At 30 September 2024 205,562 394 - 205,956
At 30 September 2023 213,735 677 - 214,412


GALLAN HEAD COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Prepayments 253 228

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Accrued expenses 995 960

13. MOVEMENT IN FUNDS
Net
At movement At
1.10.23 in funds 30.9.24
£    £    £   
Unrestricted funds
General fund 19,141 1,223 20,364

Restricted funds
Restricted Fund 241,404 (10,273 ) 231,131

TOTAL FUNDS 260,545 (9,050 ) 251,495

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 4,446 (3,223 ) 1,223

Restricted funds
Restricted Fund 19,727 (30,000 ) (10,273 )

TOTAL FUNDS 24,173 (33,223 ) (9,050 )


GALLAN HEAD COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1.10.22 in funds 30.9.23
£    £    £   
Unrestricted funds
General fund 25,320 (6,179 ) 19,141

Restricted funds
Restricted Fund 255,310 (13,906 ) 241,404

TOTAL FUNDS 280,630 (20,085 ) 260,545

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 5,804 (11,983 ) (6,179 )

Restricted funds
Restricted Fund 26,501 (40,407 ) (13,906 )

TOTAL FUNDS 32,305 (52,390 ) (20,085 )

FUNDS

General fund
The general fund represents unrestricted funds which the trustees are free to use in accordance with the charitable objects.

Restricted fund
This represents funding designated by the Trust to assist in the purchase of the estate, and for grants received for the improvements and running of the estate.


GALLAN HEAD COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


14. RELATED PARTY DISCLOSURES

The charity leased premises to a trustee, Fiona L'Estrange, from which the trustee operated a cafe. The rent paid by the trustee during the year ended 30 September 2024 was £864.00 (2023 - £2,054.75).

15. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. The liability of each member in the event of the company being wound up is restricted to £1.