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← Comrie Community Centre

2025-03-31-accounts

Comrie Community Centre

Charity No. SC003555

Trustees' Report and Unaudited Accounts

31 March 2025

Comrie Community Centre Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 to 14
Detailed Statement of Financial Activities 15to16

Page 1

Comrie Community Centre Trustees Annual Report

Comrie Community Centre

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. SC003555

Trustees

The following Trustees served during the year:

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Accountants

Count (Scotland) Limited. The Old Byre Mill Hills Farm Crieff Perthshire PH7 3QW

OBJECTIVES AND ACTIVITIES

The aims of the Comrie Community Centre (CCC), as set out in its constitution, are to promote the benefit of the inhabitants of Comrie and its environs without distinction of sex or political, religious or other opinions by associating the local and statutory authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.

ACHIEVEMENTS AND PERFORMANCE

The CCC continues to have financial security. Reserves are good but ongoing fundraising is crucial as CCC receives no financial assistance from Perth and Kinross Council.

The Committee regularly review the hire tariffs in line with increases in the cost of gas, electricity and other expenses. The 'Condition of Use' sheet is still being issued to all users to clarify responsibillties whilst hiring the suites.

There are three Committee members who have completed the training which is required under the regulations relating to the holding of a Public Entertainments Licence and these were renewed in line with the requirements.

Page 2

Comrie Community Centre Trustees Annual Report

The centre continues to provide facilities for a wide range of regular community uses and generally the feedback reflects that the Centre is an essential community facility. In addition, the Centre has hosted a variety of functions including weddings and art and culture events, many of which are now regular features in the Centre annual diary. The CCC uses its Public Entertainments Licence at many of these functions, which are routinely staffed by Committee Members.

The Fundraising Committee continues to work tirelessly over the year staging many successful events.

We would like to mention with gratitude all those who have supported CCC over the year. This includes the regular one-off clients, those who have made donations, those who work for the Centre and last, but by no means least, the considerable voluntary effort of the Members of the Committee. All these people have helped in some way to ensure that the Comrie Community Centre continues to provide a high quality facility for both residents of and visitors to Comrie.

FINANCIAL REVIEW

The CCC's overall financial position at the end of the reporting year is detailed in the attached set of accounts. Incoming resources decreased year on year as did the associated outgoing resources. This is in line with expectations given the current financial situation of the country which affects our customers.

Scottish Water continues to charge the Centre despite the fact that we are a Registered Charity and did not pay water rates to the Local Authority. We consider that we should be exempt but have been unable to get agreement from Scottish Water.

The Centre has an emergency fund for the future.

The Management Committee receives a financial report from the Treasurer at each monthly Management Committee meeting. All major and non-routine expenditure is approved by the Management Committee. All payments are made by cheque, which requires the signature of two of the office bearers mentioned above.

It is the policy of the Charity that unrestricted funds which have not been desginated 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 that 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.

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.

The Management Committee does not plan to make any substantive amendments to the Aims set out in the Constitution. The long-term plan is to maintain the fabric and facilities of the Centre so that it continues to perform its invaluable community function within the village.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 3

Comrie Community Centre

Trustees Annual Report

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the 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 (FRS102).

The trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other Irregularities.

Signed on behalf of the charity's trustees

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Page 4

Comrie Community Centre Independent Examiners Report

Independent Examiner's Report to the trustees of Comrie Community Centre

| report on the financial statements of Comrie Community Centre for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the financial statements In accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulation 2006 (as amended). The charity trustees consider that an audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the financial statements.

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:

have not been met: or

Pe Count (Scotland) Limited.

The Old Byre

Mill Hills Farm

Crieff Perthshire

PH7 3QW

31 March 2025

Page 5

Comrie Community Centre Statement of Financial Activities

for the year ended 31March 2025

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other
7
Total
E,cpenditure on:
Raising funds
8
Other
9
Total
Net gains on investments
Net e>10\
Transfers between funds\
**Net e><penditure before other
gains/(losses)
Other gains and losses
Net movement In funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricte
Restricted
d funds
funds Total funds Total funds
2025
2025
2025
2024
f
f
f
f
22,663
22,663
11,964
34,965
34,965
35,861
26,898
26,898
34,432
2,221
2,221
245
250
250
86,997
86,997
82,502
12,597
12,597
18,119
67,159
7,349
74,508
74,998
79,756
7,349
87,105
93,117
7,241
(7,349)
(108)
(10,615)
7,572
(7,572)
14,813
(14,921)
(108)
(10,615)
14,813
(14,921)
(108)
(10,615)
113,696
206,065
319,761
330,376
128,509
191,144
319,653
319,761

Page 6

Comrie Community Centre
Balance Sheet
at 31 March 2025
Charity No. SC003555
Notes
Fixed assets
Tangible assets
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors:Amount falling due within one year
15

Net current liabilities

Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
16
Restricted income funds
Unrestricted funds
General funds
Total funds		 Comrie Community Centre
Balance Sheet
at 31 March 2025
Charity No. SC003555
Notes
Fixed assets
Tangible assets
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors:Amount falling due within one year
15

Net current liabilities

Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
16
Restricted income funds
Unrestricted funds
General funds
Total funds		 2025
£
522,395
522,395
750
4,066
106,336
111,152
{313,894)
{202,742)
319,653
319,653
319,653
191,144		 2024
£
541,666
541,666
750
2,909
94,123
97,782
{319,687)
(221,905)
319,761
319,761
319,761
206,065
191,144
128,509		 206,065
113,696
128,509 113,696
319,653 319,761

Approved by the trustees on 31 March 2025

And signed on their behalf by:

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Page 7

Comrie Community Centre Notes to the Accounts

for the year ended 31 March 2025

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes.
Revaluation funds These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the
legacies the SoFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilities where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments.
investment assets

Page 8

Comrie Community Centre

Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 9

Comrie Community Centre Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 10

Comrie Community Centre

Notes to the Accounts

2 Statement of Financial Activities - prior year

Unrestricted
funds
2024
£
Income and endowments from:
Donations and legacies
11,964
Charitable activities
35,861
Other trading activities
34,432
Investments
245
Total
82,502
Expenditure on:
Raising funds
18,119
Other
74,998
Total
93,117
Net income
(10,615)
Net income before other
gains/(losses)
(10,615)
Other gains and losses:
Net movement in funds
(10,615)
Reconciliation of funds:
Total funds brought forward
124,311
Total funds carried forward
113,696
3
Income from donations and legacies
Unrestricted
£
22,663
22,663
4 Income from charitable activities
Unrestricted
£
34,965
34,965		 Restricted
funds Total funds
2024
2024
£
£
11,964
35,861
34,432
245
82,502
18,119
74,998
93,117
(10,615)
(10,615)
(10,615)
206,065
330,376
206,065
319,761
Total
Total
2025
2024
£
£
22,663
11,964
22,663
11,964
Total
Total
2025
2024
£
£
34,965
35,861
34,965
35,861

Page 11

Comrie Community Centre

Notes to the Accounts

6
Income from investments
7
Other income
8
Expenditure on raising funds
Fundraising trading costs
9
Other expenditure
Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs		 Unrestricted
£
30,319
21,746
11,922
2,820
352		 Unrestricted
Total
Total
2025
2024
£
£
£
26,898
26,898
34,432
26,898
26,898
34,432
Unrestricted
Total
Total
2025
2024
£
£
£
2,221
2,221
245
2,221
2,221
245
Unrestricted
Total
Total
2025
2024
£
£
£
250
250
250
250
Unrestricted
Total
Total
2025
2024
£
£
£
12,597
12,597
18,119
12,597
12,597
18,119
Restricted
Total
Total
2025
2024
£
£
£
30,319
26,829
21,746
26,031
7,349
19,271
19,720
2,820
2,418
352
7,349
74,508
74,998
67,159

Page 12

Comrie Community Centre

Notes to the Accounts

Comrie Community Centre
Notes to the Accounts
10Net expenditure before transfers
This is stated after charging:
Depreciation of owned fixed assets
11Staff costs
Salaries and wages
Pension costs
No employee received emoluments in excess of £60,000.
12Tangible fixed assets
Cost or revaluation
At 1 April 2024
At 31 March 2025
Depreciation and
impairment
At 1 April 2024
Depreciation charge for the
year
At 31 March 2025
Net book values
At 31 March 2025
At 31 March 2024
13Stocks
Finished goods
14Debtors
Trade debtors
Prepayments and accrued income
15Creditors:
amounts falling due within one year
Other creditors
Accruals
Deferred income		 2025
£
19,271
2025
29,194
1,125
30,319
£
£
911,749
50,777		 2024
£
19,720
2024
25,945
884
26,829
£
962,526
962,526
420,860
19,271
440,131
522,395
541,666
2024
£
750
750
2024
£
2,909
2,909
2024
£
1,748
960
316,979
319,687
911,749
50,777
376,990
43,870
18,235
1,036
395,225
44,906
516,524
5,871
534,759
6,907
2025
£
750
750
2025
£
2,170
1,896
4,066
2025
£
1,766
1,064
311,064
313,894

Page 13

Comrie Community Centre Notes to the Accounts

16 Movement in funds

Incoming
17
Fixed assets
Net current assets
18Reconclllatlon of net debt
Cash and cash equivalents
Net debt
At 1April
2024
resources
(Including
other
gains/losses)
Restrictedfunds:
£
Restricted Income funds:
206,065
Total
206,065
Unrestricted funds:
General funds
113,696
86,997
Total funds
319,761
86,997
Analysis of net assets between funds		 Incoming
At 1April
2024
resources
(Including
other
gains/losses)
£
206,065		 Resources
expended
£
(7,349)		 funds
£
£
522,395
522,395
(202,742)
(202,742)
319,653
319,653
At 31
March
Cashflows
2025
£
£
12,213
106,336
12,213
106,336
12,213
106,336
Gross
transfers
At31
March
2025
£
£

(7,572)
191,144
(7,572)
191,144
7,572
128,509
319,653
Unrestricted
Total
206,065 (7,349)
113,696
86,997		 (79,756)
319,761
86,997		 (87,105)
At 1 April
2024
£
94,123
94,123
94,123

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

Pension commitments

2025 2024
£ £
The pension cost charge to the charity
amounted to: 1,125 884

Page 14

Comrie Community Centre Detailed Statement of Financial Activities

for the year ended 31 March 2025

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total income and endowments
Expenditure on:
Costs of other trading activities
Total of expenditure on raising
funds
Employee costs
Salaries/wages
Pension costs
Premises costs
Rates
Light, heat and power
Premises insurances
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings		 Unrestricte
Restricted
d funds
funds
Total funds
Total funds
2025
2025
2025
2024
£
£
£
£
22,663
22,663
11,964
22,663
22,663
11,964
34,965
34,965
35,861
34,965
34,965
35,861
26,898
26,898
34,432
26,898
26,898
34,432
2,221
2,221
245
2,221
2,221
245
250
250
250
250
86,997
86,997
82,502
12,597
12,597
18,119
12,597
12,597
18,119
12,597
12,597
18,119
29,194
29,194
25,945
1,125
1,125
884
30,319
30,319
26,829
1,724
1,724
1,902
8,972
8,972
8,385
1,844
1,844
3,486
9,206
9,206
12,258
21,746
21,746
26,031
11,922
6,313
18,235
18,235

Page 15

Comrie Community Centre

Detailed Statement of Financial Activities

Depreciation of
Bank charges
Stationery and printing
Subscriptions
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net expenditure
Transfers between funds
Net expenditure before other
gains/(losses)
Other Gains
Net movementinfunds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 1,036
1,036
1,485
129
129
43
458
458
412
636
636
435
1,597
1,597
1,528
14,742
7,349
22,091
22,138
352
352
352
352
67,159
7,349
74,508
74,998
79,756
7,349
87,105
93,117
7,241
(7,349)
(108)
(10,615)
7,572
(7,572)
14,813
(14,921)
(108)
(10,615)
14,813
(14,921)
(108)
(10,615)
113,696
206,065
319,761
330,376
128,509
191,144
319,653
319,761

Page 16