2025-03-31-accounts - Benbecula Community Association

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REGISTERED COMPANY NUMBER: SC280295 (Scotland)
REGISTERED CHARITY NUMBER: SC006367

`REPORT OF THE TRUSTEES AND`

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

FOR

BENBECULA COMMUNITY ASSOCIATION

CIB Services
Chartered Accountants

63 Kenneth Street
Stornoway
Isle of Lewis
HS1 2DS

BENBECULA COMMUNITY ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

		`Page`
`Report of the Trustees`	`1`	`to`	`3`
`Independent Examiner's Report`		`4`
`Statement of Financial Activities`		`5`
`Balance Sheet`	`6`	`to`	`7`
`Notes to the Financial Statements`	`8`	`to`	`15`

`BENBECULA COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC280295)`

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 MARCH 2025`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwiththe financial
statementsofthecharityfortheyearended31March2025.ThetrusteeshaveadoptedtheprovisionsofAccountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

The main objectives of the charity are the provision of recreational and educational facilities on the island of Benbecula.

`Significant activities`

The Association operates the community centre in Balivanich, Isle of Benbecula.

`Volunteers`

Thecontributionofvolunteers(includingdirectors,membersandindividualsfromthecommunity)hasbeenandcontinuestobe, of
immense benefit to the charity in the continuing development of the community centre.

`ACHIEVEMENTS AND PERFORMANCE`

`Charitable activities`

During the year, the Association has continued to operate and manage the community centre which opened in May 2008.

The community centre is used for events such as ceilidhs, dances, weddings, fitness classes and meetings.

`Internal and external factors`

Thecharityispartiallydependentuponthecontinuingsupportofpublicfundingagenciestoassistintheongoingdeliveryofthe aims
and objectives of the organisation.

`FINANCIAL REVIEW`

`Financial position`

Duringtheyearthecharity'sresourcesexpendedexceededincomingresourcesresultinginnetexpenditureof£24,206forthe period
(2024-netexpenditureof£38,024).Followingtransferbetweenfunds,thisrepresentsanincreaseof£5,380inunrestricted funds
andadecreaseof£29,586inrestrictedfunds.Depreciationof£28,287fundedbygrantsreceivedforthecapitalprogramme is
includedinthisexpenditure.Asaresult,unrestrictedfundshaveincreasedto£1,264(2024-deficitof£4,116)andrestricted funds
have decreased to £222,331 (2024 - £251,917). Total funds of £223,595 were held at year-end (2024 - £247,801).

`Investment policy and objectives`

Thecharity'sreservesaremaintainedinbankaccountsasthecurrentlevelofreservesisrequiredtomeettheAssociation's short
term operational requirements.

`Reserves policy`

Thegeneralfundrepresentstheunrestrictedfundsfrompastoperatingresultsandthefreereservesofthecharity.The trustees
haveexaminedthecharity'srequirementsforreservesinlightofthemainriskstothecharityandconsiderthatsixmonths operating
expenditure,whichequatestoaround£5,000,shouldbeheldinunrestrictedreserves.Thiswouldallowthecharitytocontinue to
operateintheeventofaninterruptioninitsincomestreams.Theunrestrictedreservesheldat31March2025fallsshortof this
targetandthetrusteesaimtobuildreservestothislevelthroughplannedoperatingsurplusesoverthenextfewyears.Funds are
also raised for specific projects as required.

`FUTURE PLANS`

The charity's plans are focussed on the continuing sustainable operation of the community centre.

Page 1

`BENBECULA COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC280295)`

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 MARCH 2025`

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

TheAssociationisacharitablecompanylimitedbyguarantee,incorporatedon21February2005.Thecompanywas established
underaMemorandumofAssociationwhichestablishedtheobjectsandpowersofthecharitablecompanyandisgovernedunder its
ArticlesofAssociation.Intheeventofthecompanybeingwoundupmembersarerequiredtocontributeanamountnot exceeding
£1.

The organisation is registered with the Scottish Charity Regulator and the Scottish Charity Number is SC006367.

`Recruitment and appointment of new trustees`

The directors of the company are also charity trustees for the purpose of charity law.

UnderthetermsoftheMemorandumandArticlesofAssociationtheElectedDirectorsareappointedbyallthemembersat the
AnnualGeneralMeeting.OnethirdoftheElectedDirectorsretireannuallyateachAnnualGeneralMeetingbutareeligible for
re-election.

`Organisational structure`

Theboardconsistsofvoluntarydirectorswhomanagetheaffairsofthecharitythroughregularboardmeetings.Thecharity has
revieweditsinternaloperationalstructuretoassistintheeffectivemanagementoftheorganisation.Theboardmembersare heavily
involved in the day to day operations of the charity.

`Induction and training of new trustees`

The charity undertakes training for trustees to ensure awareness and understanding of:-

the responsibilities of directors;
the organisational structure of the charity;
the financial position of the charity; and
the future plans and objectives of the charity.

`Wider network`

The charity has established links with other organisations and agencies to foster the aims and objectives of the organisation.

`Risk management`

Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensureappropriatecontrolsare in
place to provide reasonable assurance against fraud and error.

Thetrusteeshaveconsideredthemajorriskstowhichthecharityisexposed,inparticularthoserelatingtotheoperations and
finances of the charity, and are satisfied that measures are in place to mitigate exposure to those risks.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Company number`

SC280295 (Scotland)

`Registered Charity number`

SC006367

`Registered office`

51 Atholl Road
Pitlochry
Pethshire
PH16 5PU

`Trustees`

I Macdonald
Mrs M A Macsween
A J MacPhee
A Macdonald (resigned 20.2.26)

Page 2

`BENBECULA COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC280295)`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`

`REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner`

John E Moffat BA FCA
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
HS1 2DS

`Solicitors`

J & H Mitchell
51 Atholl Road
Pitlochry
Perthshire
PH16 5BU

`Bankers`

Bank of Scotland
Balivanich
Isle of Benbecula
HS7 5LA

ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relatingto small
companies.

Approved by order of the board of trustees on 21 July 2026 and signed on its behalf by:

I Macdonald - Trustee

Page 3

`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BENBECULA COMMUNITY ASSOCIATION`

I report on the accounts for the year ended 31 March 2025 set out on pages five to fifteen.

`Respective responsibilities of trustees and examiner`

Thecharity'strusteesareresponsibleforthepreparationoftheaccountsinaccordancewiththetermsoftheCharitiesand Trustee
Investment(Scotland)Act2005andtheCharitiesAccounts(Scotland)Regulations2006(asamended).Thecharity's trustees
considerthattheauditrequirementofRegulation10(1)(a)to(c)oftheAccountsRegulationsdoesnotapply.Itismy responsibility
toexaminetheaccountsasrequiredunderSection44(1)(c)oftheActandtostatewhetherparticularmattershavecometo my
attention.

`Basis of the independent examiner's report`

MyexaminationwascarriedoutinaccordancewithRegulation11oftheCharitiesAccounts(Scotland)Regulations2006. An
examinationincludesareviewoftheaccountingrecordskeptbythecharityandacomparisonoftheaccountspresentedwith those
records.Italsoincludesconsiderationofanyunusualitemsordisclosuresintheaccounts,andseekingexplanationsfromyou as
trusteesconcerninganysuchmatters.Theproceduresundertakendonotprovidealltheevidencethatwouldberequiredinan 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.

John E Moffat BA FCA
The Institute of Chartered Accountants in England and Wales

CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
HS1 2DS

21 July 2026

Page 4

BENBECULA COMMUNITY ASSOCIATION

`STATEMENT OF FINANCIAL ACTIVITIES`

`(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025`

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
3
Community Centre
16,269
-
Other income
4
5,167
-
Total
21,436
-
EXPENDITURE ON
Raising funds
1,108
-
Charitable activities
5
Community Centre
16,247
-
Other
-
28,287
Total
17,355
28,287
NET INCOME/(EXPENDITURE)
4,081
(28,287)
Transfers between funds
14
1,299
(1,299)
Net movement in funds
5,380
(29,586)
RECONCILIATION OF FUNDS
Total funds brought forward
(4,116)
251,917
TOTAL FUNDS CARRIED FORWARD
1,264
222,331 31.3.25
31.3.24
Total
Total
funds
funds
£
£
16,269
1,740
5,167
-
21,436
1,740
1,108
-
16,247
11,477
28,287
28,287
45,642
39,764
(24,206)
(38,024)
-
-
(24,206)
(38,024)
247,801
285,825
223,595
247,801

The notes form part of these financial statements

Page 5

`BENBECULA COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC280295)`

`BALANCE SHEET 31 MARCH 2025`

`Unrestricted` `Restricted` `funds` `funds` `Notes` `£` `£` `FIXED ASSETS` `Tangible assets` `11` `-` `222,331` `CURRENT ASSETS` `Debtors` `12` `5,875` `-` `Cash at bank` `2,559` `-` `8,434` `-` `CREDITORS` `Amounts falling due within one year` `13` `(7,170)` `-` `NET CURRENT ASSETS` `1,264` `-` `TOTAL ASSETS LESS CURRENT LIABILITIES` `1,264` `222,331` `NET ASSETS` `1,264` `222,331` `FUNDS` `14` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`31.3.25` `Total` `funds` `£` `222,331` `5,875` `2,559` `8,434` `(7,170)` `1,264` `223,595` `223,595` `1,264` `222,331` `223,595`	`31.3.24` `Total` `funds` `£` `250,618` `-` `3,972` `3,972` `(6,789)` `(2,817)` `247,801` `247,801` `(4,116)` `251,917` `247,801`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 March 2025.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended31March2025 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.

The notes form part of these financial statements

continued...

Page 6

`BENBECULA COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC280295)`

`BALANCE SHEET - continued 31 MARCH 2025`

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubjectto the
small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon21July2026andweresignedon its
behalf by:

I Macdonald - Trustee

The notes form part of these financial statements

Page 7

BENBECULA COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

`1. STATUTORY INFORMATION`

BenbeculaCommunityAssociationisaprivatecharitablecompany,limitedbyguarantee,registeredinScotland. The
charitable company's registered number and registered office address can be found in the Report of the Trustees.

`2. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshave been
prepared under the historical cost convention.

Thefinancialstatementsarepreparedinsterlingwhichisthefunctionalcurrencyofthecharity,andamountsarerounded to
the nearest £.

`Going concern`

Thetrusteeshaveassessedthecharity'sabilitytocontinueasagoingconcernanddonotconsidertheretobeany material
uncertainties about the charity's ability to continue as a going concern.

`Financial reporting standard 102 - reduced disclosure exemptions`

Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancial statements,
as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

`Critical accounting judgements and key sources of estimation uncertainty`

Intheapplicationofthecharity'saccountingpolicies,thetrusteesarerequiredtomakejudgements,estimates and
assumptions that affect the amounts reported for assets, liabilities, income and expenditure.

Theestimatesandassociatedassumptionsarebasedonhistoricalexperienceandotherfactorsthatareconsideredto be
relevant. Actual results may differ from these estimates.

Theestimatesandassumptionsarereviewedonanongoingbasis.Revisionstoaccountingestimatesarerecognisedin the
period in which the estimate is revised and in future periods should it affect future periods.

Theestimatesandassumptionswhichcarryahigherdegreeofriskofcausingamaterialadjustmenttothecarrying amount
of assets and liabilities are as follows:

`Useful economic lives of tangible fixed assets`

Theannualdepreciationchargefortangiblefixedassetsissensitivetochangesintheestimatedusefuleconomiclives and
residualvaluesoftheassets.Theyareamendedwhennecessarytoreflectcurrentestimates,futureinvestment, economic
utilisation and the physical condition of the assets. See note 11 for details of the values of tangible fixed assets.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtotheincome,there is
sufficientcertaintyofreceiptandsoitisprobablethattheincomewillbereceived,andtheamountofincomereceivable can
be measured reliably.

GrantsgeneratedtosupporttheobjectsofthecharityandwithoutfurtherspecifiedpurposearetakentotheStatement of
FinancialActivitiesinthatperiod.Grantsreceivedwhicharerelatedtocapitalexpenditureorareforaspecifiedpurpose are
transferredtoRestrictedFundsandareutilisedtofundthefuturedepreciationoftherelatedcapitalexpenditureorfund the
costs relating to the specified purpose.

continued...

Page 8

BENBECULA COMMUNITY ASSOCIATION

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`2. ACCOUNTING POLICIES - continued`

`Income`

Incomefromgovernmentandothergrantsarerecognisedatfairvaluewhenthecharityhasentitlementafter any
performanceconditionshavebeenmet,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably. If entitlement is not met then these amounts are deferred.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.

`Raising funds`

Costs of raising funds consists of the costs of fundraising events.

`Charitable activities`

Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsobjectsandactivities.It includes
bothcoststhatcanbeallocateddirectlytosuchactivitiesandthosecostsofanindirectnaturenecessarytosupport them.
The allocation of direct and support costs are analysed in the notes to the financial statements.

`Governance costs`

Governancecostsincludethosecostsassociatedwithmeetingtheconstitutionalandstatutoryrequirementsofthe charity
and include the audit fees and costs linked to the strategic management of the charity.

`Allocation and apportionment of costs`

AllcostsareallocatedbetweentheexpenditurecategoriesoftheStatementofFinancialActivitiesonabasisdesigned to
reflecttheuseoftheresource.Costsrelatingtoaparticularactivityareallocateddirectly,othersareapportionedon an
appropriate basis e.g. estimated usage.

`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-   20% on cost and 10% on cost
Office Equipment- 20% on reducing balance

Tangiblefixedassetsarestatedatcostlessaccumulateddepreciation.Thecostsofminoradditionsorthosecosting below
£100 are not capitalised.

`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.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise 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.

`Debtors and creditors receivable / payable within one year`

Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyeararerecordedat transaction
price. Any losses arising from impairment are recognised in expenditure.

continued...

Page 9

BENBECULA COMMUNITY ASSOCIATION

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`3. INCOME FROM CHARITABLE ACTIVITIES`

`31.3.25` `Activity` `£` `Rental income` `Community Centre` `2,363` `Grants` `Community Centre` `5,695` `Events` `Community Centre` `7,402` `Fundraising` `Community Centre` `809` `16,269` `Grants received, included in the above, are as follows:` `31.3.25` `£` `Aviva UK Broker Community Fund` `5,000` `Aviva Community Fund` `695` `5,695` `4.` `OTHER INCOME` `31.3.25` `£` `Insurance claim` `5,167` `5.` `CHARITABLE ACTIVITIES COSTS` `Direct` `Support` `Costs (see` `costs (see` `note 6)` `note 7)` `£` `£` `Community Centre` `15,066` `1,181` `6.` `DIRECT COSTS OF CHARITABLE ACTIVITIES` `31.3.25` `£` `Rent, rates and water` `536` `Insurance` `1,438` `Light and heat` `4,748` `Telephone and internet charges` `412` `Repairs and maintenance` `7,932` `15,066`	`31.3.24` `£` `1,740` `-` `-` `-` `1,740` `31.3.24` `£` `-` `-` `-` `31.3.24` `£` `-` `Totals` `£` `16,247`	`31.3.24` `£` `1,740` `-` `-` `-` `1,740` `31.3.24` `£` `-` `-` `-` `31.3.24` `£` `-` `Totals` `£` `16,247`
	`31.3.24` `£` `3,264` `1,389` `5,169` `412` `360` `10,594`
		`10,594`

continued...

Page 10

BENBECULA COMMUNITY ASSOCIATION

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`7. SUPPORT COSTS`

`8.`

`SUPPORT COSTS`
			`Governance`
	`Finance`	`Other`	`costs`	`Totals`
	`£`	`£`	`£`	`£`
`Community Centre`	`1`	`46`	`1,134`	`1,181`
`Support costs, included in the above, are as follows:`
			`31.3.25`	`31.3.24`
			`Community`	`Total`
			`Centre`	`activities`
			`£`	`£`
`Interest payable and similar charges`			`1`	`-`
`General charges`			`46`	`13`
`Accountancy fees`			`1,014`	`870`
`Legal and professional fees`			`120`	`-`
			`1,181`	`883`
`NET INCOME/(EXPENDITURE)`
`Net income/(expenditure) is stated after charging/(crediting):`
			`31.3.25`	`31.3.24`
			`£`	`£`
`Depreciation - owned assets`			`28,287`	`28,287`

`9. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norfortheyear ended
31 March 2024.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

`10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`
`Unrestricted` `funds` `£` `INCOME AND ENDOWMENTS FROM` `Charitable activities` `Community Centre` `1,740` `EXPENDITURE ON` `Charitable activities` `Community Centre` `11,477` `Other` `-` `Total` `11,477`	`Restricted` `funds` `£` `-` `-` `28,287` `28,287`	`Total` `funds` `£` `1,740`
		`11,477` `28,287`
		`39,764`

continued...

Page 11

BENBECULA COMMUNITY ASSOCIATION

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`10.`	`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`	`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`	`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`	`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`
				`Unrestricted`	`Restricted`	`Total`
				`funds`	`funds`	`funds`
				`£`	`£`	`£`
	`NET INCOME/(EXPENDITURE)`			`(9,737)`	`(28,287)`	`(38,024)`
	`RECONCILIATION OF FUNDS`
	`Total funds brought forward`			`5,621`	`280,204`	`285,825`
	`TOTAL FUNDS CARRIED FORWARD`			`(4,116)`	`251,917`	`247,801`
`11.`	`TANGIBLE FIXED ASSETS`
		`Freehold`		`Plant and`	`Office`
		`property`		`machinery`	`Equipment`	`Totals`
			`£`	`£`	`£`	`£`
	`COST`
	`At 1 April 2024 and 31 March 2025`	`707,189`		`39,292`	`40,285`	`786,766`
	`DEPRECIATION`
	`At 1 April 2024`	`456,571`		`39,292`	`40,285`	`536,148`
	`Charge for year`	`28,287`		`-`	`-`	`28,287`
	`At 31 March 2025`	`484,858`		`39,292`	`40,285`	`564,435`
	`NET BOOK VALUE`
	`At 31 March 2025`	`222,331`		`-`	`-`	`222,331`
	`At 31 March 2024`	`250,618`		`-`	`-`	`250,618`
`12.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
					`31.3.25`	`31.3.24`
					`£`	`£`
	`Trade debtors`				`180`	`-`
	`Grants receivable`				`5,695`	`-`
					`5,875`	`-`

continued...

Page 12

BENBECULA COMMUNITY ASSOCIATION

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

	`31.3.25`	`31.3.24`
	`£`	`£`
`Trade creditors`	`5,373`	`5,124`
`Social security and other taxes`	`45`	`45`
`Accrued expenses`	`1,752`	`1,620`
	`7,170`	`6,789`

`14. MOVEMENT IN FUNDS`

`At 1.4.24` `£` `Unrestricted funds` `General fund` `(4,116)` `Restricted funds` `Capital Grants` `194,952` `Landscaping Project` `56,965` `251,917` `TOTAL FUNDS` `247,801` `Net movement in funds, included in the above are as follows:` `Unrestricted funds` `General fund` `Restricted funds` `Capital Grants` `Landscaping Project` `TOTAL FUNDS`	`Net` `movement` `in funds` `£` `4,081` `(24,234)` `(4,053)` `(28,287)` `(24,206)` `Incoming` `resources` `£` `21,436` `-` `-` `-` `21,436`	`Transfers` `between` `funds` `£` `1,299` `(1,299)` `-` `(1,299)` `-` `Resources` `expended` `£` `(17,355)` `(24,234)` `(4,053)` `(28,287)` `(45,642)`	`At` `31.3.25` `£` `1,264` `169,419` `52,912`	`At` `31.3.25` `£` `1,264` `169,419` `52,912`
			`222,331`
			`223,595`
			`Movement` `in funds` `£` `4,081` `(24,234)` `(4,053)` `(28,287)` `(24,206)`
				`(28,287)`
				`(24,206)`

continued...

Page 13

BENBECULA COMMUNITY ASSOCIATION

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`14. MOVEMENT IN FUNDS - continued`

`Comparatives for movement in funds`

Unrestricted funds
General fund
Restricted funds
Capital Grants
Landscaping Project
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Capital Grants
Landscaping Project
TOTAL FUNDS Net
movement
At
At 1.4.23
in funds
31.3.24
£
£
£
5,621
(9,737)
(4,116)
219,186
(24,234)
194,952
61,018
(4,053)
56,965
280,204
(28,287)
251,917
285,825
(38,024)
247,801
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
1,740
(11,477)
(9,737)
-
(24,234)
(24,234)
-
(4,053)
(4,053)
-
(28,287)
(28,287)
1,740
(39,764)
(38,024)

`FUNDS`

`General fund`

The general fund represents unrestricted funds which the trustees are free to use in accordance with the charitable objects.

`Capital Grants`

Thisrepresentsthefundsraisedfromvariousorganisationstoassistwiththebuildingofthecommunitycentre.The funds
are utilised to fund the future depreciation of the capital expenditure.

`Landscaping Project`

Thisrepresentsthefundsraisedfromvariousorganisationstoassistwiththelandscapingproject.Thefundsareutilised to
fund the future depreciation of the capital expenditure.

`Transfers between funds`

Anamountof£1,299hasbeentransferredfromrestrictedfundstounrestrictedfundsinrespectofsurplusgrant funding
heldinrestrictedfundssince2018.Thetrusteeshaveconfirmedthatallrestrictedgrantfundinghasbeenspent in
accordancewiththegrantconditionsandthesurplusgrantfundinginrestrictedfundsisduetothemisallocation of
restricted expenditure to the General fund.

continued...

Page 14

BENBECULA COMMUNITY ASSOCIATION

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`15. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 March 2025.

`16. CONTINGENT LIABILITIES`

StandardsecurityoverthesiteoftheCentrehasbeengrantedtotheBigLotteryFundaspartofthefundingagreement for
the new Centre.

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