TRUSTEES REPORT 2024/2025
2025 has been a momentous year in many ways. This milestone year marks ten years of full operation on the Balallan site, given the interruptions caused by the Covid pandemic.
As we begin to plan for the next decade it is an opportunity to look back and assess what was successful, what we can do better and what new opportunities await us going forward.
That said, much has been achieved through the hard work and dedication of staff and volunteers and the number of highly acclaimed museum displays and exhibitions reflect this. The partnerships we have been able to develop with other Accredited Museums has allowed us to develop exhibitions of a much wider range and standard than before.
To have this verified by independent judges at the Outer Hebrides Tourism Awards by being nominated for the “Best Cultural Experience” was indeed an honour. To win the award was beyond our wildest dreams. In the words of our manager, it was AMAZING!
To be able to achieve such success is only part of the story. Without the volunteers who man the Charity Shop, donate or contribute to it in any way, those who make sure the laundrette operates efficiently, staff and volunteers that work in the cafeteria, those who donate artefacts, photos or information, those who maintain the buildings, donate artefacts, prepare Dioghlum and clean the building, there would be no Comunn Eachdraidh.
As we plan for the future the main priorities are to secure funding for staff posts, to digitize our paper records, tapes and films, to secure a stand-alone archive and heritage store adjacent to the Community Hub and to maintain our high standards in future museum displays and exhibitions.
Key to a successful future is to bring new people, whatever their knowledge or experience, into the Comunn Eachdraidh. We well remember the words of our then Chairperson when he was tentatively asked about getting involved in the group that was being formed. He said, “only by getting involved will you learn there are no experts – only people who are interested.”
REGISTERED CHARITY NUMBER: SC006858
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025
FOR
KINLOCH HISTORICAL SOCIETY
CIB Services Chartered Accountants 63 Kenneth Street Stornoway Isle of Lewis Western Isles HSi 2DS
|
KINLOCH HISTORICAL SOCIETY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025
==> picture [306 x 137] intentionally omitted <==
----- Start of picture text -----
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 33
Detailed Statement of Financial Activities 14 to 15
----- End of picture text -----
HI
L IETY
PORT OF THE TRUSTEE FOR THE YEAR ENDED 4 APRIL 202
The trustees present their report with the financial statements of the charity for the year ended 4 April 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The organisation's purposes are:
The advancement of citizenship and community development and in particular the regeneration and improvement of the physical, social and economic infrastructure of the area, including assisting people who are disadvantaged because of social and economic circumstances;
The advancement of the heritage, language, culture, arts, through the provision of a exhibitions, events, facilities and other services relating to the historical, geographical and cultural importance of the area and the creation of a dedicated Museum and Archive;
To bring together hold, adequately house, conserve and document a Collection of Specimens being of historical, artistic or scientific importance and in respect of which there will be a strong presumption against the subsequent disposal of any item;
To adopt a written Collecting Policy and review it every 5 years which shall define the types of Specimens which the Society wishes to include in the Collection and the geographical area from which such Specimens may be drawn;
To maintain an accurate and current Register of all Specimens acquired for, or removed from, the Collection;
The advancement of education providing a better understanding of the built and natural environment, culture, heritage and history of the Isle of Lewis and the development of individual skills, capabilities and understanding to improve the lives of the inhabitants of the area and the public in general;
The provision of recreational and social facilities and activities to improve the lives of the inhabitants of the area and the public in general through the provision of a community centre and museum.
Significant activities
Two staff posts, Heritage Manager and Museum Community Engagement post were created with funding from NLHF, MGS and MCWFT and a contribution from ourselves. A Gaelic Activities Officer continued to promote the Gaelic language througha series of events, videos and other activities with support.
New seating and tables were installed in the cafe area.
Through our partnership with the National Museums Scotland, we had the Archeology of Lochs exhibition until March 2025 and the Arnish Man exhibition which replaced it in March 2025.
We also hosted the Seann Spidradail Exhibition during 2024.
Volunteers
The contribution of volunteers (trustees, members and individuals from the community) has been and continues to be, of immense benefit to the charity in maintaining and managing the Community Hub and delivery of the diverse activities of the charity.
FINANCIAL REVIEW
Principal funding sources
Full details of the charity's principal funding sources are included in the notes to the financial statements.
Investment policy and objectives
The charity's reserves are maintained in bank accounts as the current level of reserves are required to meet the organisation's short term operational requirements.
Page 1
KINLOCH HISTORICAL SOCIETY REPORT OF THE TRUSTEES FOR THEYEAR END PRIL 202
FINANCIAL REVIEW
Reserves policy
The general fund represents the unrestricted funds from past operating results and the free reserves of the charity. The trustees consider that the level of free reserves at 4 April 2025 is sufficient to meet the charity's operational requirements given the ongoing rental and fundraising events income being received. The trustees ensure that the ongoing running costs are met by the projected recurring future income streams.
During the year the charity's resources expended exceeded incoming resources resulting in net expenditure of £70,101 for the period (2024 - net expenditure of £9,888). This represents an increase in unrestricted funds of £18,273 and a decrease of £88,374 in restricted funds. Unrestricted reserves has as a result increased to £68,903 and restricted funds decreased to £969,868.
FUTURE PLANS
Work on museum artefacts continues and we also have aspirations to do a similar project on our archive when the opportunity arises.
Growth of activities and new collections have highlighted the need for additional dedicated space.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Charity became a Scottish Charitable Incorporated Organisation on 27 February 2014 having previously been an unincorporated association. The Charity is controlled by its governing document, a Constitution, and has been a Scottish Registered Charity since 14 May 1984.
Recruitment and appointment of new trustees
The maximum number of charity trustees shall be 16 (sixteen); out of that number, no more than twelve shall be Member Trustees and no more than four shall be Co-opted Trustees.
Election, retiral, re-election:
At each AGM, the members may elect any member to be a charity trustee;
The board may at any time appoint any member to be a charity trustee;
At each AGM any Member Trustee appointed during the period since the preceding AGM shall retire from office and out of the remaining Member Trustees, one third shall retire from office.
The Board of trustees can appoint any member to fill a vacancy. Any person so elected will serve as a co-opted member till the next AGM.
Organisational structure
The board consists of voluntary trustees who manage the affairs of the charity through regular board meetings where matters are discussed and agreed. The decisions taken by the board are implemented by the executive members which includes chair, vice-chair, secretary and treasurer. The charity appointed professional advisers to assist in the management of the redevelopment programme for the community hub.
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
SC006858
Page 2
KINLOCH HISTORICAL SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 4 APRIL 2025
Principal address 11 Keose Glebe Isle of Lewis HS2 9PJ
Trustees
Independent Examiner
CIB Services
Chartered Accountants 63 Kenneth Street Stornoway Isle of Lewis Western Isles HS1 2DS
Solicitors Anderson Macarthur Limited Old Bank of Scotland Buildings South Beach Stornoway Isle of Lewis HS1 2BG
Approved by order of the board of trustees on 30 October 2025 and signed on its behalf by:
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINLOCH HISTORICAL SOCIETY
I report on the accounts for the year ended 4 April 2025 set out on pages five to thirteen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an 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
CIB Services Chartered Accountants 63 Kenneth Street Stornoway Isle of Lewis Western Isles HS1i 2DS
30 October 2025
Page 4
KINLOCH HISTORICAL IETY
STATEMENT OF FINANCIAL A E
FOR THE YEAR ENDED 4 APRIL 2025
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----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|4.4.25|4.4.24|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|1,858|-|1,858|3,907|
|Charitable|activities|4|
|Local|history|49,894|21,723|71,617|114,854|
|Other|trading|activities|2|53,908|-|53,908|42,060|
|Investment|income|3|8,383|-|8,383|10,053|
|Total|114,043|21,723|135,766|170,874|
|EXPENDITURE|ON|
|Raising|funds|9,376|-|9,376|10,794|
|Charitable|activities|2)|
|Local|history|125,729|70,762|196,491|169,968|
|Total|135,105|70,762|205,867|180,762|
|NET INCOME/(EXPENDITURE)|(21,062)|(49,039)|(70,101)|(9,888)|
|Transfers|between|funds|14|39,335|(39,335)|-|-|
|Net movement|in funds|18,273|(88,374)|(70,101)|(9,888)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|50,630|1,058,242|1,108,872|1,118,760|
|TOTAL|FUNDS CARRIED|FORWARD|68,903|969,868|1,038,771|1,108,872|
----- End of picture text -----
The notes form part of these financial statements
Page 5
KINLOCH HISTORICAL SOCIETY
NCE SHEET 4 APRIL 2025
| 4.4.25 | 4.4.24 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 11 | 20,939 | 941,910 | 962,849 | 993,087 |
| CURRENT ASSETS | |||||
| Debtors Cash at bank |
12 | 7,368 48,888 |
- 27,958 |
7,368 76,846 |
15,300 113,075 |
| 56,256 | 27,958 | 84,214 | 128,375 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 13 | (8,292) | - | (8,292) | (12,590) |
| NETCURRENT ASSETS | 47,964 | 27,958 | 75,922 | 115,785 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 68,903 | 969,868 | 1,038,771 | 1,108,872 | |
| NET ASSETS | 68,903 | 969,868 | 1,038,771 | 1,108,872 | |
| FUNDS | 14 | ||||
| Unrestricted funds | 68,903 | 50,630 | |||
| Restricted funds | 969,868 | 1,058,242 | |||
| TOTALFUNDS | 1,038,771 | 1,108,872 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30 October 2025 and were signed on its behalf by:
The notes form part of these financial statements
Page 6
KINLOCH HISTORICAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 202
i. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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 (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the charity.
Going concern
The trustees have assessed the charity's ability to continue as a going concern and do not consider there to be any material uncertainties about the charity's ability to continue as a going concern.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemption in preparing these financial 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 In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions that affect the amounts reported for assets, liabilities, income and expenditure.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in future periods should it affect future periods.
The estimates and assumptions which carry a higher degree of risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:
Useful economic lives of tangible fixed assets
The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. They are amended when necessary to reflect current estimates, future investment, economic utilisation and the physical condition of the assets. See note 11 for details of the values of tangible fixed assets.
Income
All income is recognised in the Statement 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.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Raising funds
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of fundraising activities.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its objects and activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. The allocation of direct and support costs are analysed in the notes to the financial statements.
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continued...
2
KINLOCH HISTORICAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2025
i. ACCOUNTING POLICIES - continued
Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on 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 Fixtures and fittings - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at 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 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.
Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
OTHER TRADING ACTIVITIES
| 2 | OTHER TRADINGTRADING ACTIVITIES | ||
|---|---|---|---|
| 4.4.25 | 4.4.24 | ||
| £ | £ | ||
| Fundraising events | 361 | - | |
| Laundrette | 7,782 | 10,574 | |
| Charity shop | 19,404 | 12,750 | |
| Gift shop | 3,984 | 4,861 | |
| Cafe income | 22,377 | 13,875 | |
| 53,908 | 42,060 | ||
| co | INVESTMENT INCOME | ||
| 4.4.25 | 4.4.24 | ||
| £ | £ | ||
| Rents received | 8,355 | 10,015 | |
| Deposit account interest | 28 | 38 | |
| 8,383 | 10,053 |
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continued...
KINLOCH HISTORICAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2025
| 4. | INCOME FROM CHARITABLE ACTIVITIES | INCOME FROM CHARITABLE ACTIVITIES | |||
|---|---|---|---|---|---|
| 4.4.25 | 4.4.24 | ||||
| Grants Membership Publications |
Activity Local history Local history |
£ 57,288 7 5 2,684 |
£ 108,773 0 911 |
||
| Other income | Local history | 5,860 | 2,640 | ||
| Employment allowance | Local history | 5,000 | 1,760 | ||
| 71,617 | 114,854 | ||||
| Grants received, included in the | above, are as follows: | ||||
| 4.4.25 | 4.4.24 | ||||
| £ | £ | ||||
| Comhairle nan Eilean Siar | 17,650 | 28,527 | |||
| Western Isles Health Board | 15,000 | - | |||
| Muaitheabhal Community Wind | Farm Trust | - | 9,500 | ||
| Museum and Galleries Scotland | 9,550 | 16,933 | |||
| National Heritage | - | 48,313 | |||
| Bord na Gaidhlig | 2,588 | 5,500 | |||
| The University ofGlasgow | 12,500 | - | |||
| 57,288 | 108,773 | ||||
| 5: | CHARITABLE ACTIVITIES COSTS | ||||
| Direct | Support | ||||
| Costs (see | costs (see | ||||
| note 6) | note 7) | Totals | |||
| £ | £ | £ | |||
| Local history | 195,417 | 1,074 | 196,491 | ||
| 6. | DIRECT COSTSOF CHARITABLE ACTIVITIES | ||||
| 4.4.25 | 4.4.24 | ||||
| £ | £ | ||||
| Staff costs | 76,308 | 81,258 | |||
| Insurance | 7,796 | 3,980 | |||
| Postage and stationery | 6,946 | 996 | |||
| Advertising Utilities |
917 22,264 |
2,462 14,476 |
|||
| Repairs and maintenance | 11,719 | 11,520 | |||
| Cleaning | 2,352 | - | |||
| IT Software Subs | 8,058 | - | |||
| Travel Subscriptions |
1,573 “ |
690 916 |
|||
| Legal and professional fees | 1,584 | 992 | |||
| General charges | 1,183 | 550 | |||
| Depreciation | 54,717 | 51,142 | |||
| 195,417 | 168,982 |
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continued...
KINLOCH HI
NOTES TO THE FINANCIA S - continu FOR THE YEAR ENDED 4 APRIL 202
rf SUPPORT COSTS
Local history
Governance costs £ 1,074
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 4 April 2025 nor for the year ended 4 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 4 April 2025 nor for the year ended 4 April 2024.
9. STAFF COSTS
The average monthly number of employees during the year was as follows:
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|||||||||
|---|---|---|---|---|---|---|---|
|4.4.25|4.4.24|
|Charitable|activities|5|5|
|No|employees|received|emoluments|in|excess|of|£60,000.|
|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|Unrestricted|Restricted|Total|
|funds|funds|funds|
|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|3,907|-|3,907|
|Charitable|activities|
|Local|history|30,671|84,183|114,854|
|Other|trading|activities|32,944|9,116|42,060|
|Investment|income|10,053|-|10,053|
|Total|77575|93,299|170,874|
|EXPENDITURE|ON|
|Raising|funds|10,794|-|10,794|
|Charitable|activities|
|Local|history|37,567|132,401|169,968|
|Total|48,361|132,401|180,762|
|NET INCOME/(EXPENDITURE)|29,214|(39,102)|(9,888)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|21,417|1,097,343|1,118,760|
|TOTAL|FUNDS CARRIED|FORWARD|50,631|1,058,241|1,108,872|
----- End of picture text -----
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continued...
- TANGIBLE FIXED ASSETS
KINLOCH HISTORICAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2025
12.
| TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|
| Fixtures | |||||
| Freehold | Plant and | and | Computer | ||
| property | machinery | fittings | equipment | Totals | |
| £ | £ | £ | £ | £ | |
| COST | |||||
| At 5 April 2024 | 1,180,010 | 28,558 | 18,593 | 18,473 | 1,245,634 |
| Additions | - | - | 24,479 | - | 24,479 |
| At 4 April 2025 | 1,180,010 | 28,558 | 43,072 | 18,473 | 1,270,113 |
| DEPRECIATION | |||||
| At 5 April 2024 | 216,559 | 11,376 | 13,268 | 11,344 | 252,547 |
| Charge for year | 38,538 | 5,712 | 4,901 | 5,566 | 54,717 |
| At 4 April 2025 | 255,097 | 17,088 | 18,169 | 16,910 | 307,264 |
| NET BOOKVALUE | |||||
| At 4 April 2025 | 924,913 | 11,470 | 24,903 | 1,563 | 962,849 |
| At 4 April 2024 | 963,451 | 17,182 | 5)325 | 7,129 | 993,087 |
| DEBTORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | ||||
| 4.4.25 | 4.4.24 | ||||
| £ | £ | ||||
| Trade debtors | 7,368 | 2,915 | |||
| Grants receivable | - | 4,167 | |||
| Prepayments | - | 8,218 | |||
| 7,368 | 15,300 | ||||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 4.4.25 | 4.4.24 | ||||
| £ | £ | ||||
| Trade creditors | 4,229 | 331 | |||
| Taxation and social security | 3,205 | 11,201 | |||
| Other creditors | 858 | 1,058 | |||
| 8,292 | 12,590 |
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KINLOCH HISTORICAL SOCIETY
NOTES TO THE FINANCIAL - continue FOR THE YEAR ENDED 4 APRIL 2025
14. MOVEMENT IN FUNDS
==> picture [446 x 635] intentionally omitted <==
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|5.4.24|in|funds|funds|4.4.25|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|50,630|(22,869)|36,212|63,973|
|Cafe|-|1,807|3,123|4,930|
|50,630|(21,062)|39,335|68,903|
|Restricted|funds|
|War|Memorial|Fund|740|(37)|-|703|
|Development|Fund|1,008,159|(38,047)|(8,218)|961,894|
|Charity|Shop|31,117|-|(31,117)|-|
|Revenue|funding|18,226|(10,955)|-|7,271|
|1,058,242|(49,039)|(39,335)|969,868|
|TOTAL|FUNDS|1,108,872|(70,101)|-|1,038,771|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|89,975|(112,844)|(22,869)|
|Cafe|24,068|(22,261)|1,807|
|114,043|(135,105)|(21,062)|
|Restricted|funds|
|War|Memorial|Fund|2,335|(2,372)|(37)|
|Development|Fund|15,000|(53,047)|(38,047)|
|Revenue|funding|4,388|(15,343)|(10,955)|
|21,723|(70,762)|(49,039)|
|TOTAL|FUNDS|135,766|(205,867)|(70,101)|
|Comparatives|for|movement|in|funds|
|Net|
|movement|At|
|At|5.4.23|in|funds|4.4.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|21,417|29,213|50,630|
|Restricted|funds|
|War|Memorial|Fund|740|-|740|
|Development|Fund|1,052,602|(44,443)|1,008,159|
|Charity|Shop|22,001|9,116|31,117|
|Revenue|funding|22,000|(3,774)|18,226|
|1,097,343|(39,101)|1,058,242|
|TOTAL FUNDS|1,118,760|(9,888)|1,108,872|
----- End of picture text -----
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KINLOCH HI
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2025
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources |
Resources expended |
Movement in funds |
Movement in funds |
Movement in funds |
||
|---|---|---|---|---|---|---|
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 77,575 | (48,362) | 29,213 | |||
| Restricted funds | ||||||
| Development Fund Charity Shop |
78,683 9,116 |
(123,126) - |
(44,443) 9,116 |
|||
| Revenue funding | 5,500 | (9,274) | (3,774) | |||
| 93,299 | (132,400) | (39,101) | ||||
| TOTAL FUNDS | 170,874 | (180,762) | (9,888) | |||
| General Fund | ||||||
| The general fund represents unrestricted funds which | the trustees are free to use in accordance |
with | the | |||
| charitable objects. | ||||||
| War Memorial Fund | ||||||
| This fund represents funds held to assist with maintaining | the War Memorial. | |||||
| Development Fund | ||||||
| This fund represents funds generated in relation to redevelopment of | Balallan Old School as a Community Hub. |
|||||
| Charity Shop | ||||||
| This fund holds the activities ofthe charity shop which generates funds for the wider organisation. | ||||||
| RELATED PARTY DISCLOSURES | ||||||
| There were no related party transactions for the year ended 4 April 2025. | ||||||
| CASH AT BANKAND IN HAND | ||||||
| Cash at bank and in hand balances are held as follows: | ||||||
| Unrestricted | Restricted | Total | ||||
| £ | £ | £ | ||||
| General account 2 | 13,469 | 20,372 | 33,841 | |||
| War Memorial | = | 703 | 703 | |||
| Development | 17,835 | 6,883 | 24,718 | |||
| Charity shop | 17,584 | - | 17,584 | |||
| 48,888 | 27,958 | 76,846 |
The general fund represents unrestricted funds which the trustees are free to use in accordance with the charitable objects.
15. RELATED PARTY DISCLOSURES
- CASH AT BANK AND IN HAND
Page 13
KINLOCH HISTORICAL SOCIETY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 4 APRIL 2025
| 4.4.25 | 4.4.24 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Donations | 1,858 | - | 1,858 | 3,907 |
| Othertrading activities | ||||
| Fundraising events | 361 | - | 361 | - |
| Laundrette Charity shop Giftshop |
7,782 19,404 3,984 |
- - - |
7,782 19,404 3,984 |
10,574 12,750 4,861 |
| Cafe income | 22,377 | - | 22,377 | 13,875 |
| 53,908 | - | 53,908 | 42,060 | |
| Investment income | ||||
| Rents received | 8,355 | - | 8,355 | 10,015 |
| Deposit account interest | 28 | - | 28 | 38 |
| 8,383 | - | 8,383 | 10,053 | |
| Charitable activities | ||||
| Grants Membership Publications Other income |
35,565 785 2,684 5,860 |
21,723 - - - |
57,288 785 2,684 5,860 |
108,773 770 911 2,640 |
| Employment allowance | 5,000 | - | 5,000 | 1,760 |
| 49,894 | 21,723 | 71,617 | 114,854 | |
| Total incoming resources | 114,043 | 21,723 | 135,766 | 170,874 |
| EXPENDITURE | ||||
| Other trading activities | ||||
| Purchases | 9,376 | - | 9,376 | 10,794 |
| Charitable activities | ||||
| Wages Social security |
55,265 5,482 |
14,766 - |
70,031 5,482 |
73,124 6,664 |
| Pensions Insurance |
795 7,796 |
- - |
795 7,796 |
1,470 3,980 |
| Postage and stationery | 6,946 | - | 6,946 | 996 |
| Advertising Utilities Repairs and maintenance |
917 22,264 7,202 |
- - 4,517 |
917 22,264 11,719 |
2,462 14,476 11,520 |
| Cleaning | 2,352 | - | 2,352 | - |
| IT Software Subs | 7,763 | 295 | 8,058 | - |
| Travel Subscriptions Carriedforward |
1,573 = 118,355 |
- = 19,578 |
1,573 - 137,933 |
690 916 116,298 |
This page does not form part of the statutory financial statements
Page 14
KINL' HISTORICAL
DETAILED EMENT OF FINAN ACTIVITIE FOR THE YEAR ENDED 4 APRIL 2025
==> picture [484 x 259] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|a|
|4.4.25|4.4.24|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|£|£|£|£|
|Charitable|activities|
|Brought forward|118,355|19,578|137,933|116,298|
|Legal|and|professional|fees|1,584|-|1,584|992|
|General|charges|1,146|37|1,183|550|
|Depreciation|of tangible|fixed|assets|3,570|51,147|54,717|51,142|
|124,655|70,762|195,417|168,982|
|Support|costs|
|Finance|
|Bank charges|-|=|-|2|
|Governance|costs|
|Accountancy|1,074|-|1,074|984|
|Total|resources|expended|135,105|70,762|205,867|180,762|
|Net expenditure|(21,062)|(49,039)|(70,101)|(9,888)|
----- End of picture text -----
This page does not form part of the statutory financial statements
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