REGISTERED COMPANY NUMBER: SC649222 (Scotland)

REGISTERED CHARITY NUMBER: SC051031

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LEVERHULME COMMUNITY HUB LIMITED

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

Notes to the Financial Statements

7

to

13

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 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 company has been formed to benefit principally the community of South Harris which comprises South Harris Community Council area (" the Community") but also for the benefit of the whole of the Isle of Harris with the following objects:

(1) The advancement of community development ( including the advancement of rural regeneration) and citizenship;

(2) The advancement of education;

(3) The provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for "in the community";

(4) The advancement of the arts, heritage and culture.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

In November 2020, the charity completed the purchase of the old primary building at Leverhulme Memorial School. The charity has been in occupation of the refurbished building since July 2023 and has since been gradually increasing the facilities and activities on offer to the community in pursuance of the charitable objectives.

Following the opening of the launderette and charity shop in 2023, the building has become established as a multi-purpose venue for community and private events in 2024.

A variety of recreational activities have been organised, including pool and darts, quiz nights and bingo. Businesses, organisations and individuals have made use of the range of rooms on offer for meetings, functions, public engagements and hot desking. The charity hosted its first art exhibition in August 2024, and use of the café space commenced with the introduction of occasional pop-up café events.

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

Financial position

During the year the charity's expenditure exceeded income resulting in a deficit of £38,336 for the year (2023 - surplus of £414,909). Restricted funds total £1,245,186 and unrestricted funds total £28,647 as a result.

Principal funding sources

The charity has historically been dependent on grants to fund its operational costs, but with the increase in trading income and an understanding of the running costs of the building and other business costs, progress towards a greater degree of self-sufficiency has been made and the expectation is that this path will continue further in the coming years. However, external funding support will continue to be sought to assist with new developments. Full details of the charity's principal funding sources are included in the notes to the financial statements.

FUTURE PLANS

The charity's plans for 2025 include the opening of the gym, the development of a commercial kitchen within the Hub and an increase in the range and frequency of hospitality events. Beyond 2025, the opening of a year-round, self-sustaining café will be a top priority.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Leverhulme Community Hub Limited is a charitable company limited by guarantee, incorporated on 9 December 2019 and registered as a charity with effect from 9 June 2021. 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 co-opt up to three individuals as members of the Board who can serve up until the next AGM.

Organisational structure

The board consists of voluntary directors who manage the affairs of the charity through regular board meetings and the implementation of these decisions is delegated to the members of staff. The charity has reviewed its internal operational structure to assist in the effective management of the organisation.

Induction and training of new trustees

The charity undertakes training for trustees to ensure awareness and understanding of:-

- the responsibilities of directors;

- the organisational structure of the charity;

- the financial position of the charity; and

- the future plans and objectives of the charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the charity, and are satisfied that systems are in place to mitigate their exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC649222 (Scotland)

Registered Charity number

SC051031

Registered office

Leverhulme Community Hub

Leverburgh Old School

Leverburgh

Isle Of Harris

HS3 3TS

Trustees

R J W Hutton

S A Mackinnon

K Maclennan

P Macleod

A Macleod

D M Macrae

L M Armstrong

A Belcher (appointed 13.3.24)

Company Secretary

S A Mackinnon

Independent Examiner

John E Moffat BA FCA

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

Approved by order of the board of trustees on 30 September 2025 and signed on its behalf by:

S A Mackinnon - Trustee

I report on the accounts for the year ended 31 December 2024 set out on pages five to thirteen.

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.

John E Moffat BA FCA

The Institute of Chartered Accountants in England and Wales

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

30 September 2025

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

12,571

-

12,571

1,110

Charitable activities

5

Community development and support

5,542

8,629

14,171

513,925

Other trading activities

3

28,081

-

28,081

16,109

Investment income

4

29

-

29

-

Total

46,223

8,629

54,852

531,144

EXPENDITURE ON

Raising funds

(1

)

1

-

-

Charitable activities

Community development and support

26,906

66,282

93,188

116,235

Total

26,905

66,283

93,188

116,235

NET INCOME/(EXPENDITURE)

19,318

(57,654

)

(38,336

)

414,909

RECONCILIATION OF FUNDS

Total funds brought forward

9,329

1,302,840

1,312,169

897,260

TOTAL FUNDS CARRIED FORWARD

28,647

1,245,186

1,273,833

1,312,169

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

32,439

1,227,040

1,259,479

1,273,237

CURRENT ASSETS

Debtors

11

-

15,909

15,909

7,904

Cash at bank and in hand

3,215

2,238

5,453

37,609

3,215

18,147

21,362

45,513

CREDITORS

Amounts falling due within one year

12

(7,007

)

(1

)

(7,008

)

(6,581

)

NET CURRENT ASSETS

(3,792

)

18,146

14,354

38,932

TOTAL ASSETS LESS CURRENT LIABILITIES

28,647

1,245,186

1,273,833

1,312,169

NET ASSETS

28,647

1,245,186

1,273,833

1,312,169

FUNDS

13

Unrestricted funds

28,647

9,329

Restricted funds

1,245,186

1,302,840

TOTAL FUNDS

1,273,833

1,312,169

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 30 September 2025 and were signed on its behalf by:

S A Mackinnon - Trustee

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 financial statements are prepared in sterling which is the functional currency of the charity, and amounts are rounded to the nearest £.

Going concern

The activities of the charity have been affected by the impact of the COVID-19 pandemic and the Trustees have assessed the Charity's ability to continue as a going concern.

The management team have prepared projections which reflect the financial impact of the coronavirus crisis on the charity. The Trustees have reviewed the projections and, based on this review, have a reasonable expectation that the charity has adequate resources to continue in operation for a period of at least 12 months from the approval of the financial statements. The charity therefore continues to adopt the going concern basis in preparing its financial statements and the period of management's going concern assessment is the period to 31 Deecmber 2024.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions that affect the amounts reported for assets, liabilities, income and expenditure.

The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in future periods should it affect future periods.

The estimates and assumptions which carry a higher degree of risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. They are amended when necessary to reflect current estimates, future investment, economic utilisation and the physical condition of the assets. See note 13 for details of the values of tangible fixed assets.

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.

Allocation and apportionment of costs

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. estimated usage.

Tangible fixed assets

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

Freehold property

-

4% on cost

Fixtures and fittings

-

20% on cost

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.

2.	DONATIONS AND LEGACIES

31.12.24

31.12.23

£

£

Donations

12,571

1,110

3.	OTHER TRADING ACTIVITIES

31.12.24

31.12.23

£

£

Fundraising events

2,570

-

Sales

25,511

16,109

28,081

16,109

4.	INVESTMENT INCOME

31.12.24

31.12.23

£

£

Deposit account interest

29

-

5.	INCOME FROM CHARITABLE ACTIVITIES

31.12.24

31.12.23

Activity

£

£

Rental income

Community development and support

5,542

88

Grants

Community development and support

8,335

510,673

Employment Allowance

Community development and support

294

693

Other income

Community development and support

-

2,471

14,171

513,925

Grants received, included in the above, are as follows:

31.12.24

31.12.23

£

£

Comhairle nan Eilean Siar

-

349,302

Inspiring Scotland

-

42,021

Highlands & Islands Enterprise

-

61,743

Community and Renewable Energy Scheme

-

57,607

National Lottery Community Fund

2,300

-

CnES Crown Estate Fund

6,035

-

8,335

510,673

6.	NET INCOME/(EXPENDITURE)

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

31.12.24

31.12.23

£

£

Auditors' remuneration

-

2,785

Depreciation - owned assets

61,262

60,118

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

8.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.12.24

31.12.23

Community development and support

1

1

No employees received emoluments in excess of £60,000.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,110

-

1,110

Charitable activities

Community development and support

3,252

510,673

513,925

Other trading activities

16,109

-

16,109

Total

20,471

510,673

531,144

EXPENDITURE ON

Raising funds

-

-

-

Charitable activities

Community development and support

29,347

86,888

116,235

Total

29,347

86,888

116,235

NET INCOME/(EXPENDITURE)

(8,876

)

423,785

414,909

RECONCILIATION OF FUNDS

Total funds brought forward

18,204

879,056

897,260

TOTAL FUNDS CARRIED FORWARD

9,328

1,302,841

1,312,169

10.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,310,714

29,402

4,566

1,344,682

Additions

44,044

3,460

-

47,504

At 31 December 2024

1,354,758

32,862

4,566

1,392,186

DEPRECIATION

At 1 January 2024

52,716

14,662

4,067

71,445

Charge for year

54,190

6,573

499

61,262

At 31 December 2024

106,906

21,235

4,566

132,707

NET BOOK VALUE

At 31 December 2024

1,247,852

11,627

-

1,259,479

At 31 December 2023

1,257,998

14,740

499

1,273,237

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

VAT

15,909

7,904

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

5,226

102

Social security and other taxes

178

786

Accrued expenses

1,604

5,693

7,008

6,581

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

9,329

19,318

28,647

Restricted funds

Project funding

1,293,487

(58,573

)

1,234,914

Revenue funding

9,353

919

10,272

1,302,840

(57,654

)

1,245,186

TOTAL FUNDS

1,312,169

(38,336

)

1,273,833

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

46,223

(26,905

)

19,318

Restricted funds

Project funding

-

(58,573

)

(58,573

)

Revenue funding

8,629

(7,710

)

919

8,629

(66,283

)

(57,654

)

TOTAL FUNDS

54,852

(93,188

)

(38,336

)

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General fund

18,204

(8,875

)

9,329

Restricted funds

Project funding

866,456

427,031

1,293,487

Revenue funding

12,600

(3,247

)

9,353

879,056

423,784

1,302,840

TOTAL FUNDS

897,260

414,909

1,312,169

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

20,471

(29,346

)

(8,875

)

Restricted funds

Project funding

490,423

(63,392

)

427,031

Revenue funding

20,250

(23,497

)

(3,247

)

510,673

(86,889

)

423,784

TOTAL FUNDS

531,144

(116,235

)

414,909

FUNDS

General fund

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