| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements For The Year Ended 31st March 2025 |
| for |
| KINCRAIG COMMUNITY HALL ASSOCIATION |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements For The Year Ended 31st March 2025 |
| for |
| KINCRAIG COMMUNITY HALL ASSOCIATION |
| KINCRAIG COMMUNITY HALL ASSOCIATION |
| Contents of the Financial Statements |
| For The Year Ended 31st March 2025 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| KINCRAIG COMMUNITY HALL ASSOCIATION (REGISTERED NUMBER: SC438596) |
| Report of the Trustees |
| For The Year Ended 31st March 2025 |
| 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 31st March 2025. 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 principal objects of the Association are: |
| 1. To promote the welfare of Community residents and to provide a meeting place with facilities for physical and mental stimulation including recreation, social, moral and intellectual development. |
| 2. To secure the establishment of the hall as a Community Centre and to co-operate with the local statutory authority in the maintenance and management of the Centre for the furtherance of the above objectives. |
| Significant activities |
| The main activity of the Association is the general day to day management and maintenance of the hall. |
| Achievement and performance |
| Charitable activities |
| This past year has been a testament to the incredible dedication and hard work of our volunteers, whose tireless efforts have truly made a difference. Their commitment has directly contributed to an increase in bookings, with the Hall consistently buzzing with activity from various groups and locals. This increased usage, coupled with the successful completion of our ambitious green energy project, has put the Hall's finances in an improving situation, which you will see reflected in this year's accounts. We are moving forward with a strong and sustainable financial foundation. |
| The hall has been busy with regular weekly classes and meetings for our local groups to private functions, the calendar has been consistently full. It's wonderful to see so many familiar faces, and new ones too, making full use of this fantastic facility. |
| This past year has been particularly memorable for the diverse range of events hosted including Murder Mystery drama, lively Ceilidhs that brought everyone to their feet, and some incredible performances from local and visiting bands. Our annual Funday was a sunny success, bringing families and friends together for a day of fun and laughter. We were even privileged to host a wedding that showcased the Hall's versatility and charm. These events not only provide entertainment but also play a crucial role in fostering a strong community spirit. |
| Beyond the bustling activity, this year has also marked a significant milestone in our commitment to sustainability. We have spent the year working on an ambitious green energy project, an investment worth over £60,000. This substantial undertaking included the installation of solar panels and cutting-edge storage batteries, dramatically reducing our carbon footprint and energy costs. This project would not have been possible without the generous support of the Scottish Government and SSEN, to whom we extend our sincerest gratitude. Furthermore, we have upgraded all our internal and external lighting to energy-efficient LEDs, a project proudly supported by the Cairngorms National Park Authority. These initiatives not only benefit the environment but will hopefully ensure the long-term financial viability of the Hall, allowing us to continue serving the community for many years to come. |
| I want to extend my heartfelt thanks to the dedicated committee members, our invaluable volunteers, and every single person who has supported the Village Hall this year. Your hard work, commitment, and enthusiasm are what make this place so special. |
| Financial review |
| Reserves policy |
| The trustees consider that the level of reserves held is sufficient to allow the Association to continue to operate for the foreseeable future. |
| 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. |
| KINCRAIG COMMUNITY HALL ASSOCIATION (REGISTERED NUMBER: SC438596) |
| Report of the Trustees |
| For The Year Ended 31st March 2025 |
| The limited company was incorporated on 11 December 2012 as a result of a change to an Incorporated Charity limited by guarantee application by Kincraig Village Hall Community Association SC008510 which was an Unincorporated Association registered as a charity since 8 June 1988. The association was founded by Constitution and is run by a Committee which meets on a regular basis. The members of the committee, who are Trustees for the purpose of Charity Law, are listed on page 1. All funds transferred from the Unincorporated Association have been included as donations received. |
| Recruitment and appointment of new trustees |
| Trustees are elected annually at the AGM for a period of one year but are eligible to be re-appointed. |
| Reference and administrative details |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Independent Examiner |
| Lorna Drummond FCCA |
| Goldwells |
| 15-17 High Street |
| Kingussie |
| Inverness-Shire |
| PH21 1HS |
| Solicitors |
| Wright, Johnston & Mackenzie LLP |
| 64 High Street |
| Kingussie |
| PH21 1HZ |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Kincraig Community Hall Association |
| I report on the accounts for the year ended 31st March 2025 set out on pages four to eleven. |
| 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. |
| Lorna Drummond FCCA |
| The Association of Chartered Certified Accountants |
| Goldwells |
| 15-17 High Street |
| Kingussie |
| Inverness-Shire |
| PH21 1HS |
| 28th July 2025 |
| KINCRAIG COMMUNITY HALL ASSOCIATION |
| Statement of Financial Activities |
| For The Year Ended 31st March 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| funds | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| Income and endowments from |
| Donations and legacies | 2 |
| Charitable activities |
| Tabletop sale | 332 | - | 332 | - |
| Murder mystery | 818 | - | 818 | - |
| Ceilidh | 570 | - | 570 | - |
| Coffee mornings | 1,018 | - | 1,018 | - |
| Total |
| Expenditure on |
| Charitable activities |
| Winter lights | 985 | - | 985 | 615 |
| Murder mystery | 37 | - | 37 | - |
| Ceilidh | 392 | - | 392 | - |
| Total |
| NET INCOME |
| Transfers between funds | 9 | 24,244 | (24,244 | ) | - | - |
| Net movement in funds | ( |
) |
| Reconciliation of funds |
| Total funds brought forward |
| Total funds carried forward | 416,912 |
| KINCRAIG COMMUNITY HALL ASSOCIATION (REGISTERED NUMBER: SC438596) |
| Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| funds | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Accruals and deferred income | 8 | ( |
) | ( |
) |
| NET ASSETS |
| Funds | 9 |
| Unrestricted funds | 392,668 |
| Restricted funds | 24,244 |
| Total funds | 416,912 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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. |
| KINCRAIG COMMUNITY HALL ASSOCIATION (REGISTERED NUMBER: SC438596) |
| Balance Sheet - continued |
| 31st March 2025 |
| 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 |
| KINCRAIG COMMUNITY HALL ASSOCIATION |
| Notes to the Financial Statements |
| For The Year Ended 31st March 2025 |
| 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. |
| Solar energy equipment | - |
| 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. |
| 2. | Donations and legacies |
| 2025 | 2024 |
| £ | £ |
| Donations |
| Winter lights donations |
| KINCRAIG COMMUNITY HALL ASSOCIATION |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2025 |
| 3. | Net income/(expenditure) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2025 | 2024 |
| £ | £ |
| Depreciation - owned assets |
| 4. | Trustees' remuneration and benefits |
| There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. |
| 5. | Tangible fixed assets |
| Improvements | Solar |
| Freehold | to | energy |
| property | property | equipment |
| £ | £ | £ |
| Cost |
| At 1st April 2024 |
| Additions |
| At 31st March 2025 |
| Depreciation |
| At 1st April 2024 |
| Charge for year |
| At 31st March 2025 |
| Net book value |
| At 31st March 2025 |
| At 31st March 2024 |
| KINCRAIG COMMUNITY HALL ASSOCIATION |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2025 |
| 5. | Tangible fixed assets - continued |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1st April 2024 |
| Additions |
| At 31st March 2025 |
| Depreciation |
| At 1st April 2024 |
| Charge for year |
| At 31st March 2025 |
| Net book value |
| At 31st March 2025 |
| At 31st March 2024 |
| 6. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| 7. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Deferred income |
| Accrued expenses |
| 8. | Accruals and deferred income |
| 2025 | 2024 |
| £ | £ |
| Capital grant | 53,574 | - |
| KINCRAIG COMMUNITY HALL ASSOCIATION |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2025 |
| 9. | Movement in funds |
| Net | Transfers |
| movement | between | At |
| At 1.4.24 | in funds | funds | 31.3.25 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 390,521 | 3,483 | 24,244 | 418,248 |
| Winter lights fund | 2,147 | 455 | - | 2,602 |
| 3,938 |
| Restricted funds |
| Restricted fund | 24,244 | - | (24,244 | ) | - |
| TOTAL FUNDS | 3,938 | 420,850 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 22,233 | (18,750 | ) | 3,483 |
| Winter lights fund | 1,440 | (985 | ) | 455 |
| ( |
) | 3,938 |
| TOTAL FUNDS | ( |
) | 3,938 |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.4.23 | in funds | 31.3.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 388,918 | 1,603 | 390,521 |
| Winter lights fund | 1,642 | 505 | 2,147 |
| 390,560 | 2,108 | 392,668 |
| Restricted funds |
| Restricted fund | 24,244 | - | 24,244 |
| TOTAL FUNDS | 414,804 | 2,108 | 416,912 |
| KINCRAIG COMMUNITY HALL ASSOCIATION |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2025 |
| 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 | 16,287 | (14,684 | ) | 1,603 |
| Winter lights fund | 1,120 | (615 | ) | 505 |
| 17,407 | (15,299 | ) | 2,108 |
| TOTAL FUNDS | 17,407 | (15,299 | ) | 2,108 |
| 10. | Related party disclosures |