watt Publlc Hall 20 Accounts and Trustees Report For 12 months ended 29 February 2025 Scottish Charity No: SC003992 Page 1
Trustees Annual Report for 12 months ended 29 February The Trustees present the Annual Report and Accounts for Fogwatt Public Hall for the 12 months ended 29 February 2024 Reference and administrative Information Charity Name: Charity Registered No: Fogwatt Public Hall SC003992 Contact address: lan Craven, Glencairn, Fogwatt By Elgin IV30 8SL lan Mitchell Archie Mitchell Ronald Roger William Duncan Ewan Cruickshank Trustees: Committee of Management: lan Craven - Treasurerlvice Chair Nicky Bottoms - Secretary Alison Paterson lan Mitchell William Duncan Jilly Falconer Joan Simpson Krystle Ross Sarah Craven Ronald Roger Maureen Davies Independent Examlner: Elgin IV30 8SL Alison Kearney, Glenaldine, Whitewreath, Longmorn, Bankers: Bank of Scotland, 90 High Street, Elgin, Moray, IV30 1 BJ Page 2
Governing Document The Fogwatt Publlc Hall is adminlstered in accordance wlth the terms of a Deed of Trust dated 1978. Committee of Management Members of the Committee of Management are elected annually at the Annual General Meeting but casual vacancies on the Committee may be filled during the year. Other Members of the Committee of Management are drawn annually f rom local organisations specified under the Deed of Trust. Vacancies in the office of Trustee shall only be filled by persons appointed by the Committee of Management. At present the committee are functioning successfully wlthout an appointed Chairman. Objects and Activities The Fogwatt Public Hall is dedicated for the purpose of physical and mental training and recreation and social, moral and intellectual development through the medium of a meeting and recreation room, lectures, classes, recreation or otherwise as may be found expedient of the inhabitants of Fogwatt and District without distinction of sex or of political, religious or other opinions. Financlal Review The Accounts for the year have been prepared on a Receipts and Payments basis. This year has seen a small profit for the hall. Hall hire remalns the main income stream and has resulted in a similar amount to previous years. Heat and light costs have increased significantly but this is in line with well publicised increases across the sector. However the income from solar has dropped by approx 50 % and may merit investigation. No major expenditure has been undertaken and all other costs appear appropriate. The overall tinancial position remalns sound and the reserves of liquid assets will be sufficient to meet the general running and maintenance costs of the hall for several years. Page 3
Achievements and Performance Useis of the Hall During the year, there has been regular activity in the hall, both for hall hire and events. The income generated from hall hire has been used to support events prornoting community interaction. The purchase of a new cooker supports the kitchen upgrade in previous years and has been a large expenditure. No grants were received this year and the only donations were received at social events and have been recorded as income for the event. A profit was made overall and this records a very successful year for this hall which remains a hub for the surrounding community. Benefits to the Community The Hall provides A warm, friendly atmosphere to the clubs, groups and public who use it. 2. Interest from the local and wider community in hiring and using the Hall 3. The opportunity for community social events Statement of Trustees, Responsibilities Charity Law requires the Trustees to prepare f inancial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently make judgments and estimates that are reasonable and prudent state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements and prepare f inancial statements on the going concern basis unless it is appropriate to presume that the charity will contlnue in operational existence. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any tirrse the financial position of the charity and to enable them to ensure that the financial statements comply with all applicable Acts and Regulations. They are also responslble for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf lan Craven, Vice Chairman Date Page 4
, FOGWA . PUBUC HALL Year to 28 February 2022 BALANCE . SHEET ' Unrestrlcted .. fund8 , General Fund 2022 , 2021 Balance at 29 February Add: Surplu&l (Deficit) for 14,243.43 16,851.23 (3.671.86) (2.607.80) Balance as at 28 February 10,571.57 14,243.43 , Repre8ented by , Cash at Bank 10,571.57 ' 14,243.43 Cash on hand 10,571.57 14,243.43 ', , Report of the I Independent Examiner
FOGWATh PUBLIC HALL 12 m¢th5 to 28 Fel)Nary 2025 . Income a Expendituffj A¢cwnt , INCOME , Privats Hdl Hire 1472.50 , Commwdal Hall '. Hire Inla Club Hall Hwo 1510.IXI ' 1705.00 Solar Panel Inoyne J6.31 161.46, .' New Year Party 773.67 3eii.75 . I1Z Nights Cookw Sale 1.36 ' Total Incwie 4901.34 3743.79 , ,' EXPENDrruRE ,, Heat and Itght ' Hall inwrance 167&74 1722.39 1 ISS.64 918.55 ,, Flre Risk 165.48 Hall ImprOvts 11.93 125.00 ,, Mi8cel1anu8 158.90 154.70 i H8llowewJ Paty | costs Summér Plcnic 171.72 147.62 13.21 Xmas Party dthit ,' Pub Night deficlt Subscrpti 84.26 3.50 20 4494.43 357621 4{.91 ,' 167.58 tor yoar
FOGWATT PUBLIC HALL REPORT OF THE INDEPENDENT EXAMINER I have reviéwed the Accounts of the Fogwatt Public Hall for the 12 months ended 29 February 2025. In the course of my examination no matter has come to my attention. The existing funds held as assets will be sufficient to provide for the immediate needs of the hall for the foreseeable future. The Accounts and Notes set out in these pages 1-8 give a true and tair vlew of the Funds of the Fogwatt Public Hall as at 29 February 2025 and of the Income and Expenditure for the 12 months ended 29 February 2025. Alison Kearney, Elgin, Scotland Dated The Accounts were approved by the Trustees on For and on behalf of the Trustees Pag6 7
FOGWATT PUBLIC HALL SC003992 NOTES to the Financial Statements for the 12 months to 29 February 2025 Accounting policies - The charity has prepared the Financial Statements on a Receipts and Payments basis. 2. Funds - all funds of the charity are unrestricted 3. Tangible assets - The charity does not have any Tangible Assets 4. Taxation - Fogwatt Public Hall is recognised as a charity for the purpose of applicable taxation legislation and is therefore not subject to a taxation on its charitable activities. The charity is not registered for VAT and resources expended include irrecoverable input VAT. S. Employees - The charity has no employees 1. Trustees remuneration and expenses - During the year, no trustees received any remuneration. Trustee expenses during the year were nil. 6. Independent Examiner - The independent examiner received no fee during the year for examination of the accounts. 7. Donations and legacies - no donations or legacies were received this year. 8. Fund-raising - funds were raised from social events and hall hires. 9. Grants - No grants were received during this or the previous year. Page 8