REGISTERED CHARITY NUMBER: SC001459 rt of the Trustees and Unaudited Financial Statements for the Year Ended 31 Au ust 2024 for Killearnan Public Hall Mackay & Co CA 3 Fodderty Way Dingwall Ross-shire IV15 9XB
Kille8rnan Public Hall Contents of the Financial Statemenls for the Year Ended 31 Au Ltst 2024 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes lo the Finanri81 Statements 6 to 10 Detailed Statement of FinancBI A¢tivilies 11
Killeaman Public Hall ort of the Trustees for the Year Ended 31 Au ust 2024 The trustees present their report with the financial slaiemenls of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effects've l January 20191. OBJECTIVES AND ACTIVITIES Objectlves and alm3 To ensure that the hall is suitsbly maintained, so that is is available for community use, as well as for private functions. ACHIEVEMENT AND PERFORMANCE Following the flooding caused by burst pipes during a severe drop in temperature, in December 2023, the plumbing system was redesigned and upgraded. The work was made possible through funding from the Communily G8neratKin Fund. New eco•friendly heaters were installed, in the early Spring. in cOmpletn of the upgrading of the electrical installations. The painter carried out further Yrk in the main hall. Groups have begun using the hall for their activities on a regular basis. inclLJding Iwo dance lasses. a car club. the WRI and yoga dasses. The local Primary School has returned for it's PE sessions and and has held it's first public events since the pandemic. The first was a presentation of stories, songs and harp playing - 'Harps and mermaids, arKI the second, was their recent Christmas Show. The designers of the Black Isle Place Plan chose the hall as the venue lor Ihe public launch of the plan in Febiuary. 11 was allended by residents, Press, Trustees and the MSP. The Killearnan Community Council is now using the hall for il's meetings and il also hosted a meeting of the Black Isle Joint Community Councils in the hall in February. FINANCIAL REVIEW Flnanclal posltlon The charity reiVed a number of grants from the high18nd council for the feasibility Study £24,000 and the upgrade to the heaterslplumbing £10,01)O. FUTURE PLANS The Iruslees secured funding in 2023 for a consuliancy suNey. The company of Duncan MacPherson and Co was selected lor the task. The group produced their plans for a major extension in February and they were intrOdUd lo the public in a presentation held in the hall in February. The Ross Shire Journal gave front page coverage lo the event. Thè ¢onsultanls completed the final business plan in Mav. Fyt•n*iv•. fiJr)d-raising will be requirp over the coming years to finance the extension projec s liasing with Community council) in plannin a series of even15 to publicise Ihe hall as the local ENcrgency Hub and to raise funds f the Coastguard designed Ihe emergency plan on behalf of the community council an Il wias submilled lo the Highland Council in August 2022. Page 1
Killearnan Public Hall Re ort of the Trustees for the Year Ended 31 Au ust 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Govarnlng document The charity is controlled by rts goveming drnent. a deed of trust and constitutes an unincorporated charity. Recruitment and a Th Killearnan P replaced by applications. ointment of new Trustees as resigned her posilion Sin Ihe decision of the Church of Scolland lo sell ssilated her re-allocation to a post in Inverness. She has been Craigrory. who was already assisting the trustees in their funding REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity numb•r SC001459 in al addr Ind@ ndent Examlner ac 3 Fodderty Way Dingwall Ross-shire IV15 9XB Approved by ordèr of the Ix)ard ol Iruslees on behalf by.. and sogned on its Twstee Page 2
Inde endenl Examinerfs Re Killeaman Public Hall rt to Trustees of I report on the accounts foi the year ended 31 August 2024 sel out on pages four to ten. Respe1Ve responsibilities of trustees arKI exarniner The charity's trustees are responsible for the pparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland} Acl 2005 and the Charilies Accounts (Scollandl Regulations 2006 (as amended}. The charity's Iruslees consider that the audil requiremenl of Regulation 10(1Mal to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 441 Xc) of the Act and to state whether particular maller5 have come to my attention. Basis of the independent examlner's report My examination was carri8d out in accordancÉ with Regulation 11 of the Charilies Accounts {Scolland} Regulations 2006. An examinalion indudes a review of the accounting records kept by Ihe charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in Ihe accounts, and seeking explanations from you as Irustees cOnrning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do nol exprèss an audit opinion on the view given by the accounts. Indèpendgnt examlnorfs ststoment In connection with my examinalion, no matter has come to my attenlion . <1) which gives me reasonable cause to believe that. in any mateiial respect, the requirements lo keep accounting records in accordance with Section 44(1Xa) of the 2005 Act and Regulation 4 of the 2006 Accounls Regulations- and to prepare accounts which accord with the a¢untIng records and to comply with Regulation 8 of the 2006 A¢unt$ Regulations have not been met., or 12) lo which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. of ScotLgnd Mackay & Co CA 3 Fodderty Way Dingwall Ross-shire IV15 9XB Page 3
Killearnan Public Hall ststement of Financial Activities for the Year Ended 31 Au ust 2024 31.8.24 Total funds 31.8.23 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 32,362 32.362 13,500 Charitable activities Use of Community Hall 5,425 5,425 Other income 670 670 369 Total 6,095 32,362 38.457 13,869 EXPENDITURE ON Raising funds 7.606 26,647 34,253 13,078 Charltable actlvltlos Cost of generating voluntary income Use of Community Hall 161 2.611 161 7.628 3,102 5.015 Total 10,378 31.662 42.040 16.180 N8t gainsl{lossesl on investments (9381 (700) (1,638) NET INCOMEI(EXPENDITUREI (5,221) {5,221) 12.311) RECONCILIATION OF FUNDS Total funds brought forward 13,404 13.404 15,715 TOTAL FUNDS CARRIED FORWARD 8,183 8,183 13,404 The notes form part of these financial statements Page 4
Killeaman Public Hall Balance Sheet 31Au ust 2024 31.8.24 Total funds 31.8.23 Total funds Unrestricted Restricted fund funds Noles FIXED ASSETS Tangible assets 1.499 1,499 1,499 CURRENT ASSETS Cash at bank 7.004 7,004 11,905 CREDITORS Amounts falling due within one year (320) (320) NET CURRENT ASSETS 6.684 6,684 11.905 TOTAL ASSETS LESS CURRENT LIABILITIES 8,183 8.183 13.404 NET ASSETS 8.183 8,183 13,404 FUNDS Unreslricled funds 8,183 13.404 TOTAL FUNDS 8.183 13.404 The financial slalemenls were approved by Ihe Boar(l of Truslees and authorised for issue on arKI were signed on its behalf by.. The notes form part of these financial statements Page 5
Killearnan Public Hall Notes to the Financial Statements for the Year Ended 31 Au ust 2024 ACCOUNTING POLICIES Basis of preparlng the financlal statements The financial statements of the charity. which is a public benefit enlity under FRS 102. have been prepared in accordance wlh the Charities SORP (FRS 102)'Accountin9 and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191.. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and Ihe Charities and Trustee Inveslmenl (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Slalemenl 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. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation ommitling the charity lo that expenditure. it is probable that a transfer of economic benefits will be required in settlemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basi5 and has been classified under headings that aggregate all cost relaled to the category. Where costs cannot be directly atlribuled to particular headings they have been allocated to actiwties on a basis consislenl with the use of resources. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery 20°h on reducing balance Taxatlon The charity is exempt from tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance Wth the charitable objectives al 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 vthen 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. Page 6 continued...
Killearnan Public Hall Noles to the Financial Statements - continued for the Year Ended 31 Au ust 2024 RAISING FUNDS Ralslng donatlons and legacies 31.8.24 31.8.23 Support costs 2,450 294 Investment management costs 31.8.24 31.8.23 Property repairs 31.803 12,784 Aggregate amounts 34,253 13,078 TRUSTEES, REMUNERATION AND BENEFITS There were no truste8s' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees, exponsos There were no Iru5tees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 13,500 13,500 Other income 369 369 Total 13,869 13,869 EXPENDITURE ON Raising funds 13.078 13,078 Charltable actlvltles Cost of generating voluntary income 3,102 3,102 Total 16.180 16.180 NET INCOMEI(EXPENDITURE) (2,311) (2.311) Page 7 continued...
Killearnan Public Hall Notes lo the Financial Statements - continued for the Year Ended 31 Au ust 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued Unrestricted Restricted fund funds Total funds RECONCILIATION OF FUNDS Total funds broughl forward 15.715 15,715 TOTAL FUNDS CARRIED FORWARD 13,404 13,404 TANGIBLE FIXED ASSETS Plant and machinery COST Al 1 September 2023 and 31 August 2024 1,499 NET BOOK VALUE At 31 August 2024 1,499 At 31 August 2023 1,499 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Other creditors 320 MOVEMENT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestrlcted funds General fund 13.404 15.2211 8,183 TOTAL FUNDS 13.404 (5,221) 8,183 Page 8 continued...
Killearnan Public Hall Notes to the Financial Statements - continued for the Year Ended 31 Au ust 2024 MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows= Incoming Resources reSoUrS expended Gains and Movement losses in funds Unrestrlcted funds General fund 6.095 (10,378> (938) {5,221) Restrlctod funds Feasibility Study Upgrading utilities 22.362 10.OIXI {22.288) (9,374) (74) (626) 32,362 (31.662) (700) TOTAL FUNDS 38.457 (42,040) (1,638) (5.221) Comparatlves for movement In funds Net movement in funds At 31.8.23 At 1.9.22 Unrestrlctod funds General fund 15.715 (2.311) 13,404 TOTAL FUNDS 15.715 {2.3111 13,404 Comparativè net movement in funds. included in the atve are as follows.. Incoming Resources Movement resources expended in funds Unrestrictèd funds General fund 13.869 (16.180) (2.311) TOTAL FUNDS 13,869 {16,180) (2,3111 Page 9 continued...
Killeaman Public Hall Notes lo the Financial Slatemenls - continued for the Year Ended 31 Au ust 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows= Net movement in funds Al 31.8.24 At 1.9.22 Unrestrlcled lunds General fund 15,715 (7,532) 8,183 TOTAL FUNDS 15,715 17,532) 8,183 A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming Resources resources expended Gains and Movement losses in funds Unrestrlcted funds General fund 19.964 {26.558> (938) (7.532) Restrlcted funds Feasibility Study Upgrading ulililies 22.362 10,000 (22.288) (9,374) (74) (626) 32,362 {31,662> (700> TOTAL FUNDS 52.326 (58.220) 11,638) (7,5321 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2024. Page 10
Killeaman PLAblic Hall Detailed Ststemenl of Financial Activities for the Year Ended 31 Au ust 2024 31.8.24 31.8.23 INCOME AND ENDOWMENTS Donalions and legaclès Grants 32,362 13,500 Charltable actlvltles Hall Lets 5,425 Other Income Refund 670 369 Total Incomlng resources 38,457 13,869 EXPENDITURE Investmenl management costs Property repairs 31,803 12,784 Charitsble actlvltles Rates and water Insurance Light and heal Performing rights & public entertainment lince 507 1.238 546 247 1,199 1,479 161 177 2,452 3,102 Support C08ts Governanco costs Accounlancy Consultancy Fees 2,770 5,015 294 7,785 294 Total resources expended 42,040 16,180 Net expendlture (3,583> (2.311) This page does nol fomi part of the statutory financial statements Page 11