IRIS Accounts Production v25.3.0.601 Other Company accounts True false Pounds 1.1.24 31.12.24 31.12.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC204375 2023-12-31 SC204375 2024-12-31 SC204375 2024-01-01 2024-12-31 SC204375 2022-12-31 SC204375 2023-01-01 2023-12-31 SC204375 2023-12-31 SC204375 ns0:CharitableCompanyLimitedByGuarantee 2024-01-01 2024-12-31 SC204375 ns15:PoundSterling 2024-01-01 2024-12-31 SC204375 ns11:FRS102 2024-01-01 2024-12-31 SC204375 ns0:IndependentExaminationCharity 2024-01-01 2024-12-31 SC204375 ns11:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC204375 ns11:FullAccounts 2024-01-01 2024-12-31 SC204375 ns0:CharitiesSORP 2024-01-01 2024-12-31 SC204375 ns0:Trustee2 2024-01-01 2024-12-31 SC204375 ns0:Trustee1 2024-01-01 2024-12-31 SC204375 ns0:Trustee3 2024-01-01 2024-12-31 SC204375 ns0:Trustee4 2024-01-01 2024-12-31 SC204375 ns0:Trustee5 2024-01-01 2024-12-31 SC204375 ns0:Trustee6 2024-01-01 2024-12-31 SC204375 ns11:RegisteredOffice 2024-01-01 2024-12-31 SC204375 ns0:Activity8 2024-01-01 2024-12-31 SC204375 ns0:Activity8 2023-01-01 2023-12-31 SC204375 ns0:Activity9 2024-01-01 2024-12-31 SC204375 ns0:Activity9 2023-01-01 2023-12-31 SC204375 ns10:WithinOneYear 2024-12-31 SC204375 ns10:WithinOneYear 2023-12-31 SC204375 ns10:AfterOneYear 2024-12-31 SC204375 ns10:AfterOneYear 2023-12-31 SC204375 ns0:TotalUnrestrictedFunds 2024-12-31 SC204375 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC204375 ns10:PlantMachinery 2024-01-01 2024-12-31 SC204375 ns10:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 SC204375 ns10:ComputerEquipment 2024-01-01 2024-12-31 SC204375 2 2024-01-01 2024-12-31 SC204375 ns10:OwnedAssets 2024-01-01 2024-12-31 SC204375 ns10:OwnedAssets 2023-01-01 2023-12-31 SC204375 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2023-12-31 SC204375 ns10:PlantMachinery 2023-12-31 SC204375 ns10:FurnitureFittings 2023-12-31 SC204375 ns10:ComputerEquipment 2023-12-31 SC204375 ns10:FurnitureFittings 2024-01-01 2024-12-31 SC204375 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-12-31 SC204375 ns10:PlantMachinery 2024-12-31 SC204375 ns10:FurnitureFittings 2024-12-31 SC204375 ns10:ComputerEquipment 2024-12-31 SC204375 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2023-12-31 SC204375 ns10:PlantMachinery 2023-12-31 SC204375 ns10:FurnitureFittings 2023-12-31 SC204375 ns10:ComputerEquipment 2023-12-31 SC204375 ns10:BetweenOneTwoYears 2024-12-31 SC204375 ns10:BetweenOneTwoYears 2023-12-31 SC204375 ns0:TotalUnrestrictedFunds 2023-12-31 SC204375 ns0:TotalUnrestrictedFunds 2024-01-01 2024-12-31

REGISTERED COMPANY NUMBER: SC204375 (Scotland)

REGISTERED CHARITY NUMBER: SC029923

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

FINDHORN VILLAGE CENTRE

| FINDHORN VILLAGE CENTRE |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

| Page |

| Reference and Administrative Details | 1 |

| Trustees' Report | 2 |  | to |  | 3

| Independent Examiner's Report | 4 |

| Statement of Financial Activities | 5 |

| Balance Sheet | 6 |  | to |  | 7

| Notes to the Financial Statements | 8 |  | to |  | 12

| FINDHORN VILLAGE CENTRE |

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31ST DECEMBER 2024

| TRUSTEES | Mrs S Horn

| Ms C M Hunt (MBE) - Chairperson

| Mr G Hunt

| Mr S Russell

| Mr B Parsons

| Mrs C Low

| REGISTERED OFFICE | The Old School House

| Church Place

| Findhorn

| IV36 3YR

| REGISTERED COMPANY NUMBER | SC204375 (Scotland)

| REGISTERED CHARITY NUMBER | SC029923

| INDEPENDENT EXAMINER | Goldwells

| Wards House

| Wards Road

| Elgin

| Moray

| IV30 1NL

FINDHORN VILLAGE CENTRE (REGISTERED NUMBER: SC204375) |

TRUSTEES' REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2024

The trustees present their report and financial statements for the year ended 31 December 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's current statutory requirements, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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)" (as amended for the accounting periods commencing from 1 January 2016)

OBJECTIVES AND ACTIVITIES

Objectives and activities

The charity provides facilities to the general public for the enhancement of educational activities, social welfare, recreation and other leisure time activities, in an effort to improve the conditions of life for the inhabitants of Findhorn and the surrounding area.

The objective of the company is to provide low cost residential accommodation to educational establishments and visitors the area. The income generated from this activity unpins the community social activities that include, a lunch club, coffee morning, parent and toddler play sessions.

The charity is dependent on the support of volunteers who provide in excess of 2,000 hours unpaid services during the year to 31 December 2024.

FINANCIAL REVIEW

Financial position

The charity generated income totalling £70,957 during the year, including of £50,318 of hostel income and £18,119 of income generated from Muirton House. Total expenditure for the year was £96,016 resulting in a deficit of £25,059.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised.

This level of reserves has been maintained throughout the year. At the year end unrestricted funds stood at £131,823. The charity has previously received grants towards the purchase and renovation of Muirton House. Expenditure funded by these is treated as designated funds in the accounts and is reduced as the property is depreciated. These funds represent fixed assets and are not available for general charity expenditure. Designated funds at the year end stood at £371,159.

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.

FINDHORN VILLAGE CENTRE (REGISTERED NUMBER: SC204375) |

TRUSTEES' REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company is a recognised charity, number SC029923. It is a company limited by guarantee, not having a share capital and is governed by the rules set out in its Memorandum and Articles of Association.

The trustees, who are also the directors for the purpose of company law and who served during the year were;

Mrs Susan Horn

Ms C M Hunt (MBE) - chairperson

Mr Gary Hunt

Mr Samuel Russell

Mr Bryan Parsons

Mrs Catherine Low

New trustees are appointed at the annual general meeting or may be appointed by the existing trustee during the year. All trustees retire from office at the annual general meeting but are immediately eligible for re-appointment.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The management committee, which comprises the trustees and the treasurer, meet at least quarterly and are responsible for the strategic direction and policy of the charity. The committee Chairperson is Christine Hunt. At present the committee have six members from a variety of professional background which are all relevant to the charity.

The day to day responsibility for running the charity rests with the salaried Centre Administrator whose line manager is C Hunt, the trustee responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Centre Administrator is also responsible for the supervision of staff and freelance workers and, together with the line manager, ensures that the team continue to develop their skills and working practices.

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 19th September 2025 and signed on its behalf by:

Ms C M Hunt (MBE) - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

FINDHORN VILLAGE CENTRE

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

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.

Melanie Francis ACCA

The Association of Chartered Certified Accountants

Goldwells

Wards House

Wards Road

Elgin

Moray

IV30 1NL

19th September 2025

| FINDHORN VILLAGE CENTRE |

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31ST DECEMBER 2024

| 2024 |  | 2023

| Unrestricted |  | Total

| funds |  | funds

| Notes | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 2 |  | - |

Charitable activities

Findhorn Village Centre | 18,119 |  | 19,851 |

Hostel | 50,318 |  | 30,432 |

Other trading activities | 2 | 2,518 |  | 2,151 |

Total | 70,957 |  | 52,434 |

EXPENDITURE ON

Charitable activities

Findhorn Village Centre | 29,546 |  | 29,051 |

Hostel | 34,026 |  | 19,212 |

Other | 32,444 |  | 33,649 |

Total | 96,016 |  | 81,912 |

NET INCOME/(EXPENDITURE) | (25,059 | ) | (29,478 | )

RECONCILIATION OF FUNDS

Total funds brought forward | 528,041 |  | 557,519 |

TOTAL FUNDS CARRIED FORWARD | 502,982 |  | 528,041 |

FINDHORN VILLAGE CENTRE (REGISTERED NUMBER: SC204375) |

BALANCE SHEET

31ST DECEMBER 2024

| 2024 |  | 2023

| Unrestricted |  | Total

| funds |  | funds

| Notes | £ | £ |

FIXED ASSETS |

Tangible assets | 6 | 419,635 |  | 452,079 |

CURRENT ASSETS |

Debtors | 7 | 5,229 |  | 4,471 |

Cash at bank and in hand | 88,434 |  | 77,191 |

93,663 |  | 81,662 |

CREDITORS |

Amounts falling due within one year | 8 | (5,816 | ) | (1,200 | )

NET CURRENT ASSETS | 87,847 |  | 80,462 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 507,482 |  | 532,541 |

CREDITORS |

Amounts falling due after more than one year | 9 | (4,500 | ) | (4,500 | )

NET ASSETS | 502,982 |  | 528,041 |

FUNDS | 11

Unrestricted funds:

| Unrestricted funds | 131,823 |  | 129,901 |

| Designated funds | 371,159 |  | 398,140 |

502,982 |  | 528,041 |

TOTAL FUNDS | 502,982 |  | 528,041 |

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

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

FINDHORN VILLAGE CENTRE (REGISTERED NUMBER: SC204375) |

BALANCE SHEET - continued

31ST DECEMBER 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 19th September 2025 and were signed on its behalf by:

Ms C M Hunt (MBE) - Trustee

| FINDHORN VILLAGE CENTRE |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 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.

| Freehold property | - | 4% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 33% on reducing balance

| 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.

| FINDHORN VILLAGE CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

2. | OTHER TRADING ACTIVITIES

| 2024 |  | 2023

£ | £ |

| SSE FITS | 2,518 |  | 2,151 |  |

3. | NET INCOME/(EXPENDITURE)

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

| 2024 |  | 2023

£ | £ |

| Independent Examiner Cost | 980 |  | 1,000 |  |

| Depreciation - owned assets | 32,444 |  | 33,424 |  |

4. | TRUSTEES' REMUNERATION AND BENEFITS

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

| Trustees' expenses

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

5. | STAFF COSTS

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

| 2024 |  | 2023

| Findhorn Village & Hostel | 1 |  | 1 |  |

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

6. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Computer |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1st January 2024 and 31st December 2024 | 738,125 |  | 34,676 |  | 9,492 |  | 1,241 |  | 783,534 |  |

| DEPRECIATION

| At 1st January 2024 | 297,673 |  | 25,040 |  | 7,650 |  | 1,092 |  | 331,455 |  |

| Charge for year | 29,525 |  | 2,409 |  | 460 |  | 50 |  | 32,444 |  |

| At 31st December 2024 | 327,198 |  | 27,449 |  | 8,110 |  | 1,142 |  | 363,899 |  |

| NET BOOK VALUE

| At 31st December 2024 | 410,927 |  | 7,227 |  | 1,382 |  | 99 |  | 419,635 |  |

| At 31st December 2023 | 440,452 |  | 9,636 |  | 1,842 |  | 149 |  | 452,079 |  |

| FINDHORN VILLAGE CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024 | 2023 |

£ | £ |

| Trade debtors | 3,893 |  | 2,740 |  |

| Other debtors - C-19 Village f | - |  | 98 |  |

| Prepayments | 1,336 |  | 1,633 |  |

5,229 |  | 4,471 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024 | 2023 |

£ | £ |

| Social security and other taxes | - |  | 19 |  |

| Accrued expenses | 5,816 |  | 1,181 |  |

5,816 |  | 1,200 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024 | 2023 |

£ | £ |

| Other loans (see note 10) | 4,500 |  | 4,500 |  |

10. | LOANS

| An analysis of the maturity of loans is given below:

2024 | 2023 |

£ | £ |

| Amounts falling between one and two years:

| Other loans - 1-2 years | 4,500 |  | 4,500 |  |

11. | MOVEMENT IN FUNDS

| Net |  |

| movement |  | At |

| At 1.1.24 |  | in funds |  | 31.12.24 |

£ | £ | £ |

| Unrestricted funds

| Unrestricted funds | 129,901 |  | 1,922 |  | 131,823 |  |

| Designated funds | 398,140 |  | (26,981 | ) | 371,159 |  |

528,041 |  | (25,059 | ) | 502,982 |  |

| TOTAL FUNDS | 528,041 |  | (25,059 | ) | 502,982 |  |

| FINDHORN VILLAGE CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

11. | MOVEMENT IN FUNDS - continued

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

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| Unrestricted funds | 70,957 |  | (69,035 | ) | 1,922 |  |

| Designated funds | - |  | (26,981 | ) | (26,981 | ) |

70,957 |  | (96,016 | ) | (25,059 | ) |

| TOTAL FUNDS | 70,957 |  | (96,016 | ) | (25,059 | ) |

| Comparatives for movement in funds

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.1.23 |  | in funds |  | funds |  | 31.12.23 |

£ | £ | £ | £ |

| Unrestricted funds

| Unrestricted funds | 133,940 |  | (2,446 | ) | (1,593 | ) | 129,901 |  |

| Designated funds | 423,579 |  | (27,032 | ) | 1,593 |  | 398,140 |  |

557,519 |  | (29,478 | ) | - |  | 528,041 |  |

| TOTAL FUNDS | 557,519 |  | (29,478 | ) | - |  | 528,041 |  |

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

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| Unrestricted funds | 52,434 |  | (54,880 | ) | (2,446 | ) |

| Designated funds | - |  | (27,032 | ) | (27,032 | ) |

52,434 |  | (81,912 | ) | (29,478 | ) |

| TOTAL FUNDS | 52,434 |  | (81,912 | ) | (29,478 | ) |

| FINDHORN VILLAGE CENTRE |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

11. | MOVEMENT IN FUNDS - continued

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

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.1.23 |  | in funds |  | funds |  | 31.12.24 |

£ | £ | £ | £ |

| Unrestricted funds

| Unrestricted funds | 133,940 |  | (524 | ) | (1,593 | ) | 131,823 |  |

| Designated funds | 423,579 |  | (54,013 | ) | 1,593 |  | 371,159 |  |

557,519 |  | (54,537 | ) | - |  | 502,982 |  |

| TOTAL FUNDS | 557,519 |  | (54,537 | ) | - |  | 502,982 |  |

| 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

| Unrestricted funds | 123,391 |  | (123,915 | ) | (524 | ) |

| Designated funds | - |  | (54,013 | ) | (54,013 | ) |

123,391 |  | (177,928 | ) | (54,537 | ) |

| TOTAL FUNDS | 123,391 |  | (177,928 | ) | (54,537 | ) |

12. | RELATED PARTY DISCLOSURES

| There were no related party transactions for the year ended 31st December 2024.