Charlty r6gl$tratlon number SC007785 (Scotlandl THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL LEGAL AND ADMINISTRATIVE INFORMATION Tru8tees Charlty number (Scotlandl SC007785 Ind•pendgnt exarnlner Bankers Virgin Monay Symin9lon House cdebank Business Park 7-8 NorlhAvenue cd&bank G81 2NT The Floyal Bank ol Scotland plc 40 Albyn Pla Aberdeen AB10 1YN
THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL CONTENTS Page Independent examine¢s report Slatsn*nl of fin8n¢ial activitie Balance sheet Notes to the financial slalernenls 4-10
THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL I report on the fin8nciBI statements of the charity for the year ended 31 Oclobw 2024. which are Sel out on pages 2to10. Respectlve re8ponslbllltles of trustses and examlner The c*arity'3 Irusteej are responsible for th¢ preparation of the finanrAal statements in accordance with the terms of the Chari11è8 8rnd Twsl•e Invé3lmenl$ (Scollandl Ael 2005 and Ihg Charities Accounts (Scollandl Regulations 2006. Thè eharity's trusl8ès consldèr Ihai thè audlt rèqulrement of Rè9tion 1011llal lo Icl af the 2008 AOunt5 Regulation8 does not app. 11 is my iesPQll5ibility lo examine the finanrAal slalemenls as required under 8edion 4411 Ilcl of th¢ Acl orhd to slotè whether particulgr rnatters hov¢ come to my atterhbon. Ba¥1¥ of independent examlney's statement My examination is carried out in a¢cordan¢e wilh RegulalTon 11 of th8 2006 Accounts Règulations. An examination includes a review of the &wontIng records kept by the thaiity and a cornparison of tha financ181 statements presented witti those recoids. It also InGlude$ Gonsideia¢ion of 8ny unusual Items or dlsclosures In the financlal statements, and Seeks explanations from the Iwslees concernillg 8ny such motter3. The procedures undertaken do nol provide all the evidence that would be T8quired in an audit and congaquently I do not exp9$ an audil opinion on the view given by the financi81 st8lèments. Independent examlnerf¥ Statement In connection with my examinatlon, no matter has come lo my altenti)n'. 18} which gfves me reasonable cause lo believe Ihat in any material respect the requirernenls.. to keep accoijntsng ieGords in accordan wilh sectlon 44111 lal of the 2005 Act and Regulalion 4 of the 2006 A¢¢x)unl8 Re9ulations,' and lill lo prepare finanaal statements which accord with the accounting record8 and comply wslh RegulaliDn 8 of the 2006 Accounts Regulations.. have not been mel or Ib) to Whh. In my oplnion, att8nl¢on should bè drawn In order to enable a proper understanding of the financial slalements lo be reached.
THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 Unrèstricted Restricted funds funds 2024 2024 Total Unre¥trictgd Rè¥trictgd fvnds funds 2023 2023 Total 2024 2023 Notés Income from.. Donations and lega¢ie8 Investrnen18 26,800 1,043 2,485 18 29,285 1,061 37,658 754 3.402 20 41.060 774 Total income 27.843 2,503 30,346 38,412 3,422 41,834 Expendlture on= Charitable activities Olher expenditure 22,617 6,664 29.281 18,338 390 4.322 22,660 390 10 Totsl oxpéndlturo 22,817 6,664 29,281 18,728 4,322 23,050 Net In¢om8llèxp•ndlturel 5,226 14,1611 1.065 19,684 19001 18,784 Transfers beiween funds 18531 853 Nét movement Sn fund# 4.373 13,3081 1,065 19.684 19001 18.784 R*¢on¢lllatlon of funds: Fund balances at 1 November 2023 169,521 8,823 178,344 149,837 9,723 159,560 Fund balanc9$ at 31 Octtsb•r 2024 173.894 5,515 179,409 169,521 8,823 178.344 The statement of financial activities includes all gains and108ses recoonised in the year. All income and expenditure derive ¥rom Continuing activlues.
THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL BALANCE SHEET AS AT 31 OCTOBER 2024 2024 2023 Notes Fixed o¥¥et8 Tangible asseis 12 1.357 1,697 Current assets Debtors Cash at bank and in hand 13 80,234 100.385 60.884 118.300 180.619 179,184 Cr¢dltor¥: #mounts falllng due vAthln one year 14 12,5671 (2,5371 Nèt eurrent assots 178,052 176,647 Total assets lès8 eurrènt Ilabllltlos 179,409 178.344 The funds of the charity Restricted incorne funds UnreStrle(l funds 15 5,515 173,894 8.823 169,521 179,409 178,344 The finanrAal statonnIS were approved by the Iru8lee8 on 15 January 2025 Se¢retarylTreasLirer
THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Accounllng pollcl¢$ Charlty Informatlon The Royal 8rilish Legion Scotland Aberdeen, Bartsff 8 Klncardlne Area CouncAI Is a registered Scollish charity governed under the terms of the charrtV5 constitution. 1.1 Accountlng conventlon The financial statements have been prepared in awrdancè with tha charlty's Igovernlng documenll, Ihe Ch8rilies and Trustee Investment (Scotlandl Act 2005, the Charities Aeeounts Iscotlandl Regulalions 2006 188 amended), FRS 102 "The Financial Reporting St8ndard applicable in the UK and Republic of Ireland I°FRS 102.1 and the Charilies SORP Accountin9 and Reporting by Charities.. Statement ol Re¢omm8nded Practice applicable to charities preparing their accounts In accordance with the Financial Reporting S18ndard applic8ble in the UK and Republic ol Ire5and IFRS 1021" leffeetfve 1 January 20191. The charity is 8 Public Ben8fil Entity as ¢Jefined by FRS 102. The charity has taken advants9e of the provisions in the SORP for charities not lo pepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the lun¢lional currency of the charity. Monetary amounts in the8e financi81 statemenls are rounded to the fièarest £. The financial slalemenls have been prepared under Ihg historical cost convenlh)n. The principal accountlng policies adopted are set out below. 1.2 Golng ¢on¢¢m Al the Ilme ol approving the finanL?al slalemenls, Ihe trustees have a reasonablè &xpectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of 8ccounting in preparing the financi81 stalemenl8. 1.3 Charltable funds Unrestricted funds ar6 available for use at the discretion of the trustees in furtherance ol IheiT charitsble objective3. Restricled funds are subject to specific conditions by donor3 or grantors Ss to how they may be used. The purposes and u898 01 the restrfcted funds are set out in lh9 notes to thè finandal statements. 1.4 Incom$ Income is recognised when the ch8rfty Is legally entitled to it after any perform8n¢è condillons have been met. the amounts can be me8sui8d reliably, and it is probable that income will be receivèd. Cash donations are récognlsed on recelpt. Olher donation8 are recogni88d on¢e the charity has been notified of Ihe donation, unless perf0rrnan conditions require deferr81 of the 8tnount. 1.5 Exp¢ndltur Expenditure is recognised once thei& is a lègal or construclnie obligation to transfer economic benefit lo a third party, it is probable that 3 transfer of economic benefts will be required in settlement, and the amount of the obligation ¢8n be measured rèllably.
THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Accountlng policies Icontlnuedl 1.6 Tanglbl¢ flx•d •$$•ts Tangible fixed assets are initially measured at C08t and 8ub8equenlty mea8Ufed al c08t or valualloTr, net of dapreciatlon and any impairment losses. Depre¢iallon Is recognised so as to write off the cost or valuation of assets less Ihgii residual values over their useful lives on the following bases.. Office equipment Motor vehicles 10% reducing balance 25% reducin9 balance The gain or loss arising on the dispo331 of an asset Is determlned as the difference beeen the sale proceeds and the carrying value of the asset. and is rècognised in the statement of financial activities. 1.7 Impalrment of flxed assets At each reporting end dale, th& charlty revlews the carrying amounts of it8 tangible asset8 lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Flnanelal Instruments The following assets and liabilities are classified 88 financial instruments, bank and trade creditors. Tr8dg creditors are mèasured at the undiscounted payable lo Ihg 5uppliÈr, which is normalty the invoiced price. Crftlcal accountlng astlmates and judgements In the application of the eh8rity's accounting policies, the trustee8 are required lo make judgements, eslimates and a53urnptions about the carrylng amount of assets and liabili1195 that 8r8 not r6adily apparent from other 80uroes. The estimates and associated assumptions 8Te based on historical experience and other factors that are considered lo be felevanl. Actual results may differ from these estimales. The estimates and underlying a33umplion8 are revlewed on an ongoing basis. Revisions lo accounting estimates are recognised in Ihg p8riod in which the estimate is revised where the revision affects only that period, or in the period of the revision and future p8riod8 wher& the revislon affecls both current and futUTe periods. Incomo Irom donatlons and1og•¢l•$ Unra$trlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Re¥trl¢tsd funds funds 2023 2023 Total 2024 2023 Donations and gifts Capiiation fees 2.485 2,485 26,800 3,402 3.402 37,658 26,800 37,858 26,800 2,485 29.285 37.658 3,402 41,060
THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Income from Investments Unrestricted Re¥tricted funds funds 2024 2024 Total Unrestricted RtrIcted funds funds 2023 2023 Total 2024 2023 Interest re1vable 1,043 18 1.061 754 20 774 Exp¢ndltur• on ¢harltabl8 actlvltl Charltsble Governance axpéndlture costs 2024 2024 Total Charltable Governance expendlture costs 2023 2023 Total 2024 2023 DIMet eosts Staff costs Depreciation and impairmenl Conference anil dolegate èxpensès Sports and standard bearino expenses Postage and stationery Telephone and insurance Sundries Donations Vtheelchair expenses Véhicle expenses Macduff rates refund Office rent waived 13.444 13,444 12,631 12,631 340 340 430 430 2.461 2,461 1,574 1.574 603 311 1,847 109 2,580 5,319 1,061 603 311 1.847 109 2,580 S,319 1,061 2,127 225 1,866 168 2,127 225 1,866 168 2,621 1,322 If ,0481 14461 2.621 1.322 11,0481 14461 28,075 28.075 21.470 21,470 Shar• of support and governanee Costs Isee note 61 Govemance 1.206 1,206 1,190 1,190 28,075 1.2C 29,281 21,470 1,190 22,660 Analysls by fund Unrestricted funds Restricted lunds 21,411 6,664 1.206 22,617 6.664 17,148 4,322 1,190 18,338 4,322 28,075 1,200 29,281 21,470 1,190 22.660
THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Support costs allocated to actlvltl•s 2024 2023 Ac¢ounlancy fee 1,206 1.190 Analy$ad bgtwo0n- Governance costs 1,206 1,190 Nèt movèmènt in fund¥ 2024 2023 The nel rnovemenl in funds is staled after chargingllcredilingl.. Depreci*ion of owned tangible fixed as8els Loss on dlsposal ol tanglbk fixed assets 340 430 390 Trustees During the year, the Are8 Secretary's salary was £12,91212023- £12,412) and travel expenses raimbursed to the trustee5 was £74712023- £2291. During the year, no donations were made by the truslees. Employees The average monthly number of employees during the ye8r wa$.. 2024 Numbér 2023 Numbèr Employmént eo$ts 2024 2023 Wages and salarlgs So¢lal se¢urity $1$ 12,912 532 12,412 219 13,444 12,631 There were no employees whose annual remuneralh)n was more than £60,000. 10 Other Totsl Unro$trlcted fund$ 2023 2024 Nel loss on disposal ol tanglble fixed as$el3 390
THE ROYAL BRITISH LEGION SCOTLAND ABERDEEN, BANFF & KINCARDINE AREA COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 17 Anatysls of net a8set8 between funds Unrestrlcted funds 2024 Restrletèd funds 2024 Totsl 2024 At 31 October 2024.. Tangible as$el8 Current assetsllliabilitiesl 504 173,390 853 4,662 1,357 178.052 173,894 5,515 179,409 Unre8trlcted fundg 2023 Ro$trlct¢d funds 2023 Total 2023 At 31 October 2023: Tangible 85S&ts CUrnt assetsllliabi1ilSI 1,697 167,824 1,897 176,647 8.823 169,521 8.823 178.344 18 Related party tran8action¥ There were no disclosable relaled paty transactions during the year12023- none). 10-