REGISTERED CHARITY NUMBER: SC001459 rt of the Trustees and naudiled Financi nl for the Year Ended 31 Au ust 2025 for Killearnan Publ Hall Mackay & Co CA 3 Fodderty Way Dingwall Ross-shire IV15 9XB
Killearnan Public Hall Contents of the Financial Slatements for the Year Ended 31 Au ust 2025 Page Report of the Truslees Independent Examiner's Report Slalement of Financial Aclivrties Balance Sheet Notes lo the Financial Slalements 6 10 10 Detailed Statemenl of Financial Activities 11
Killearnan Public Hall ort of the Trustees for the Year Ended 31 Au ust 2025 The trustees present their report with the financial statements of the charty for the year ended 31 August 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charities." Slalement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Slandard applble in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims To ensure that the hall is suitably maintained. so that is is available for community use, as well as for privale functions. ACHIEVEMENTS AND PERFORMANCE A new architect, William Reynalds reports costing as indicated in Funding slalemenl,. discussions on design to take place Jan- end Feb. Planning application submission by end of March Consullalions for drainage impact.. tree constraints could follow He has advised re-srting proposed extension in Ihe car park at rwJhl angles to the kitchen end of the existing building. This will preserve trees and present garden area, be more compact and be less coslty. Existing plan for layout of exlension buikling will be used. The application for SCIO slalus has been accepted. A public vote was held al the Open Day Saturday 27th September 2025 to make the application. The Iruslees are now in the process of Iransferring the Charities with the help of Community Enterprise. The fulherance of the Hall as a modem community centre is featured in Ihe Black Isle and the Dingwall and Seaforth Placè Plans. Cllrs Maclean and Atkin attended as did Beckie Richmond Ooinl author of the BILPPlanl. The raffle raised over £300. The event promoted several enquiries about possible bookings. The Hall as Emergency Hub. An Emergency Plan was drawn up ty F Haslie {Coaslguardl on behalf of the Community Council. This was Subrned lo the Hrghland Council and has the support of the MSP. Aisling Phillips of Hhland Climate Hub who attended a recent CC meeting has offered to liaise with Ms Haslie. In December, it was decided to hold meetings on the second Tuesday of each month. Schedulé- Jan 13, Feb 10, Mar 10. Apr 14. May 12, Jun g. Jul 14, Aug 11, Sept 8, Oct 13. FINANCIAL REVIEW Financlal positlon The Trustees continued fund-raising towards the upgrading of the hall facilities. The application to Tesco Stronger Starts Fund for flooring material was accepted. CRF granted £29,049 for further work lo include'.- extra heating for main hall & kitchen,. electrical inslallalion of defibrillalor., insulation. painting and improvements lo the heating-system,'Planning Permission for extension,. laptop. The trustees also have the support of HIE and Communty Enterpnse. HIE - the Iruslees are now registered with HIE. 516 days of assistance. Aid with funding structures & resourcing. HIE have suggested drawing up a list ol possible local 'netsYork provision.. Page 1
Killearnan Public Hall Re ort of the Truslees for the Year Ended 31 Au ust 2025 FUTURE PLANS Improving the insulation of the hall is a priorty of the fOvard plan. Experts have mel with trustees and assessed the hall. The best option appears lo be insulating the kitchen and meeling room lofts and covering the existing panelling in the main hall with plaster boarding and placing insulation in the cavity. In January it was decided that a lesser Tental fee would be charged for groups booking the meeting room only. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of trust and constitutes an unincorporated charity. Recrultment and appolntment of new Trustees There are newly appointed Iruslees this year, Shona Gunn and Louise Marshall. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC001459 Prln¢lp•l address Pine Chalel Kilcoy Muir of Ord Ross-shire IV6 7SF Trustees A Brown Chairperson A Mackay S Gunn (appointed 10 10 241 L Marshall lappoinled 10.10.24) T Macmorran Treasurer A Brown Independent Examlner Ricky Finlayson CA Mackay & Co CA 3 Fodderty Way Dingwall Ross-shire IV15 9x8 Approved by order of the board of trustees on behalf by.. and signed on ils Trustee Page 2
Inde endent Examiner's Re Killearnan Public Hal rt to the Trustees of I report on the accounts for the year ended 31 August 2025 set out on pages four to ten. Re$pe¢tlve re3ponsibilitles of trustees and examlner The charity's Iruslees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scolland) Act 2005 and the Charities Accounts {Scolland) Regulations 2006 (as amended). The charity's truslees consider that the audit requirement of Regulalion 10(1)la) to (c) of the Accounts Regulations does not apply. 11 is my responsibility to examine the accounts as required under Section 4411 Ilc) of the Act and lo stale whether particular matters have come lo my attention. Basls of the Independent examlner's report My examination was carried out in accordance with Regulalion 11 of the Charities Accounts (Scotlandl Regulations 2006. An examinalion includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also Includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as Iruslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be Tequired in an audit. and consequenlty I do not express an audit opinion on the view given by the accounts. Independent exarnSneV$ slatement In connection with my examination, no matter has come to my attention . {1) which gives me reasonable cause lo believe that. in any malerial fespeot. the qUIrementS to keep accounting records in accordance with Section 4411){a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations.. and lo prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations have not been mel., or 121 to which, in my opinion, atlenlion should be diawn in order to enable a proper understanding of Ihe accounts lo be reached. Ricky Fi nCA The Institute of Chartered Accountants of ScolL3nd Mackay & Co CA 3 Fodderty Way Dingwall Ross-shire IV15 9XB Date.. ..2 7-d3.- loZ6 Page 3
Killearnan Public Hall statement of Financial Activities for the Year Ended 31 Au ust 2025 31.8.25 Total funds 31.8.24 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 32,362 Charitable activities Use of Communrty Hall 6.657 6,657 5.425 Other income 580 670 Total 7.237 7.237 38,457 EXPENDITURE ON Raising funds 469 469 34.253 Charltsble a¢tlvltles Cost of generating voluntary income Use of Community Hall 162 7,598 162 7.598 161 7,626 Totsl 8,229 8,229 42,040 Nel gainsl{lossesl on investments 11,6381 NET INCOMEI{EXPENDITURE) (9921 (9921 (5.2211 RECONCILIATION OF FUNDS Total funds brought forward 8.183 8,183 13.404 TOTAL FUNDS CARRIED FORWARD 7.191 7.191 8.183 The notes form part of these financial statements Page 4
Killearnan Public Hall Balance Sheet 31Au ust 2025 31.8.25 Total funds 31.8.24 Total funds Unrestricted Reslricted fund funds Notes FIXED ASSETS Tangible assets 1.499 1.499 1,499 CURRENT ASSETS Cash al bank 6,022 6,022 7,004 CREDITORS Amounts falling due within one year (330) 1330> {320) NET CURRENT ASSETS 5.692 5,692 6,684 TOTAL ASSETS LESS CURRENT LIABILITIES 7.191 7.191 8,183 NET ASSETS 7.191 7.191 8,183 FUNDS Unreslri¢led funds 7,191 8.183 TOTAL FUNDS 7,191 8,183 The financial statements were approved by the Board of Trustees and aulhorised for issue on and were signed on ils behalf by.. Trustee The notes form part of these financial statements Page 5
Killearnan Public Hall Notes to the Financial Slatemenls for the Year Ended 31 Au ust 2025 ACCOUNTING POLICIES 8asi$ of preparlng the financial statements The financial slalements of the Charity, which is a publtc benefit entrty under FRS 102. have been prepared in accordance with the Charities SORP {FRS 1021 'Accounling and Reporting by Charities.. Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities and Trustee Investment Iscolland) Act 21X)5. The financial slalemenls have been prepared under the hislorical cosl convenlKIn. Income All income is recognised in the Statement of FinancHI Aclivrties once the charity has entitlement to the funds, it is probable Ihal Ihe income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as thère is a legal or constructive obligation commrtling the charity lo that expenditure, il is probable that a Ir8nsfer of economic benefits will be required in selllemenl and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings Ihal aggfegate all cost related to the category. Where costs cannot be directly attributed to particular headings Ihey have been allccated to activities on a basis consislenl with the use of resources. Taxatlon The chality is exempl from tax on its charitable aclivilies. Fund accountlng Unreslricled funds can be used in accordance with the charitable objectives al the discretion of the trustees. Restricted funds can onty used for particular reslricled purposes within the objects of the charity. Reslriclions 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 notés to the financial stalemenls. Page 6 continued...
Killearnan Public Hall Notes lo the Financial Statements- continued for the Year Ended 31 Au ust 2025 RAISING FUNDS Raising donations and legacies 31.8.25 31.8.24 Support costs 2,450 Investment management costs 31.8.25 31.8.24 Property repairs 469 31.803 Aggregate amounls 469 34.253 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees, remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024. Truslfres. expenses There were no trustees. expenses paid for the year ended 31 August 2025 nor for thè year ended 31 August 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES unfestrle0 Restricted fund funds Tolal funds INCOME AND ENDOWMENTS FROM Donations and legacies 32,362 32,362 Charltable actlvltle$ Use of Community Hall 5.425 5,425 Other income 670 670 Totsl 6.095 32,362 38,457 EXPENDITURE ON Raising funds 7.606 26,647 34,253 Charilable actlvlties Cost ol generating voluntary income Use of Community Hall 161 2.611 161 7.626 5,015 Totsl 10,378 31,662 42,040 Page 7 continued...
Killearnan Public Hall Notes to the Financial Statements - continued for Ihe Year Ended 31 ALI ust 2025 coiapARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued unvestrted Restricted fund fvnds Total funds Nel gainsl(losses) on investments {938} {700) 11,638) NET INCOMEIIEXPENDITUREI 15.221) (5,221) RECONCILIATION OF FUNDS Total funds brought forward 13,404 13,404 TOTAL FUNDS CARRIEO FORWARD 8.183 8,183 TANGIBLE FIXED ASSETS Planl and machinery COST Al I September 2024 and 31 August 2025 1,499 NET BOOK VALUE At 31 August 2025 1,499 Al 31 August 2024 1,499 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.25 31.8,24 Other creditors 330 320 MOVEMENT IN FUNDS Nel movement in funds At 31.8.25 At 1.9.24 Unrestricted funds General fund 8,183 19921 7.191 TOTAL FUNDS 8.183 (9921 7,191 Page 8 conlinued...
Killearnan Public Hall Notes to the Financial Statements - continued for the Year Ended 31 Au ust 2025 MOVEMENT IN FUNDS- continued Net movement in funds. included in the above are as folli)ws.' Incoming Resources Movement resources expended in funds Unre$trlcted funds General fund 7.237 {8.229> {992} TOTAL FUNDS 7,237 18,2291 1992) Comparatlves for movement In funds Nel movement in funds Al 31.8.24 At 1.9.23 Unrestrocted funds General fund 13,404 15,2211 8,183 TOTAL FUNDS 13.404 15.2211 8,183 Comparative net movement in funds. included in the above are as follows.. Incoming Resources Gains and Movement resources expended losses in funds Unr65trlcted funds General fund 6.095 (10.378) (9381 {5,221) Restrlctod lunds Feasibility Study Upgrading ulililies 22,362 10,000 {22.2881 (9.3741 {74) (626) 32,362 (31,6621 {700) TOTAL FUNDS 38.457 142.040) 11.6381 (5,2211 Page 9 continued...
Killearnan Public Hall Notes to the Financial Slalements - continued for the Year Ended 31 Au ust 2025 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows-. Net movement in funds At 31.8.25 At 1.9.23 Unrestrl¢ted funds General fund 13.404 16,2131 7.191 TOTAL FUNDS 13,404 16,2131 7,191 A currenl year 12 months and prior year 12 months combined nel movement in funds. included in the above are as follows.. Incoming Resources Gains and Movement resources expended losses in funds Unrestrlcted funds General fund 13.332 118,607) (9381 16,213) Reslrlctèd funds Feasibility Study Upgrading ulililies 22.362 10.000 {22,2881 (9.374) 1741 {6261 32,362 131,662} (7001 TOTAL FUNDS 45.694 {50,2691 11.6381 16.2131 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2025. Page 10
Killearnan Public Hall Detailed Statement of Financial ActNlties for the Year Ended 31 Au ust 2025 31.8.25 31.8.24 INCOME AND ENDOWMENTS Donations and legacies Grants 32,362 Charitable actlvltios Hall Lets 6,657 5,425 Other income Refund 580 670 Total Incomlng re8ovrce8 7.237 38.457 EXPENDITURE Investment management cosls Propety repairs 469 31,803 Charltsble a¢tlvltles Rates and water Insurance Light and heat Performing rights & public entertainment licence 507 1,238 546 1,274 5,955 162 161 7,391 2,452 Support costs Flnance Bank charges 29 Governance costs Accountancy Consultancy Fees 340 2,770 5,015 340 7.785 Total resources expended 8,229 42,040 Net expendlture (9921 13.583} This page does nol fom part of ihe statutory financial statements Page 11