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2025-04-30-accounts

Charity registration number SC009387 (Scotland)

FETTERNEAR HALL TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FETTERNEAR HALL TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees E Aiken
P Slade
K Wallace
E Aiken
N Fyfe
H Smith
Charity number (Scotland) SC009387
Principal address 1 Greystone Sqare
Kemnay
Inverurie
AB51 5RW
Independent examiner Thyme Tax & Accountancy Ltd
36 Angusfield Avenue
Aberdeen
Aberdeenshire
United Kingdom
AB15 6AQ

FETTERNEAR HALL TRUST

CONTENTS

Page
Chairman's statement 1
Trustees report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Statement of financial position 8
Notes to the financial statements 9 - 15

FETTERNEAR HALL TRUST

CHAIRMAN'S STATEMENT

FOR THE YEAR ENDED 30 APRIL 2025

I feel it has been a successful year for our committee.

As the new chairperson I have helped organise the 5 fundraising sales we have held, which were well attended and raised monies for our everyday running costs.

The hall continues to be enjoyed by various community based groups.; brownies, the upholstery classes, the woman’s institute, Bowling club and Tai chi.

Our occasional groups who hire the hall are the pony club, cycling group and Puppy training classes.

There are also ad hoc hires for parties and group meetings.

Our hall is very well utilised on a regular basis.

We continue to advertise our facility to as many groups as possible, and we are actively trying to recruit new Committee members and users.

We have managed to find a hall cleaner, and we are keeping an eye on costs for this.

We have a committed group of committee members who continue to support the ongoing running of our Hall

..............................

Chairman

Date: .........................

FETTERNEAR HALL TRUST

TRUSTEES REPORT

FOR THE YEAR ENDED 30 APRIL 2025

The Trustees present their annual report and financial statements for the year ended 30 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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

We are Fetternear Hall, a community hall located in the quiet rural area of Fetternear, approximately two miles from Kemnay on the road to Monymusk. Fetternear itself is also located midway between Blairdaff and Burnhervie. The hall exists to serves as a focal point for the local community. The Committee manage the hall for and on behalf of the local community.

The land on which the Hall was erected was donated to the community by Fetternear Estate. The legal documents produced at the time state the following purpose:

“for the purposes of the Trust together with the buildings erected or to be erected thereon (which land and buildings are hereinafter referred to as "the Trust subjects") shall be conveyed or leased to the Trustees to be held by them and their successors as Trustees in all time coming for the purposes of physical and mental training and recreation, and social, moral and intellectual development through the medium of reading and recreation rooms, library, lectures, classes, recreations and entertainments or otherwise as may be found expedient for the inhabitants of the Parishes of Chapel of Garioch, Monymusk Quod Sacra Parish Blairdaff and part of the Parishes of Inverurie and in the County of Aberdeen and its immediate vicinity, without distinction of sex or of political, religious or other opinions subject to the provisions of these presents.”

The hall constitution presents our overall objectives as:

“To promote the quality of life of the inhabitants of the Fetternear and surrounding areas by promoting social, cultural, recreational and educational activities. While such activities shall be primarily for the benefit of residents, they shall be open to people living outside the area.”

“To manage the Hall in furtherance of the above objective and to maintain and improve the Hall and its contents and the ground associated with the Hall for the benefit of users.”

We are a member of the Scottish Council for Volunteering Organisations (SCVO).

FETTERNEAR HALL TRUST

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

HISTORY

The nearby villages of Kemnay and Monymusk both have their own village hall and the Fetternear community decided they needed a space closer to home which could be used for community events.

In 1946 the community began fundraising with many local individuals making valuable contributions in both time and money. Fundraising events were held with a view to reaching the target of £5000, including a Garden Fete in July 1947.

By the late 1950s that sum was reached, which together with land donated by Miss Berry and Miss Chetwynd of Fetternear Estate allowed the building of the hall to commence.

The original building started out life as a community facility for forestry workers in Perthshire. It was purchased by the community and transported to its current site in sections. A second side hall was added later.

In August 1960 the Hall was officially opened by Major David Gordon of Haddo House. Over 300 people attended the opening ceremony with even more enjoying a celebration dance that evening.

In the subsequent years the Hall has played a very important role in providing the local community with a venue for just about anything that is asked of it. Indeed, whether holding their own events or attending those organized by others, many local residents have discovered for themselves that Fetternear Hall provides a low-cost, comfortable venue in a convenient location.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

We ran three local markets , Spring, Summer and Winter. We held two of our very popular used book sales in Spring and Autumn and our popular Bothy Nicht concert.

Financial review

Treasurer's Report

This year represents a return to normal operations for us.

Overall our turnover was down from £9,658 in 2024 to £7,214 in 2025. For the same period our costs have decreased from £19,861 in 2024 to £6,557 in 2025 This resulted in an increase in our net income from -£10,323 in 2024. to £657. So a small annual increase.

Reserves policy

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

FETTERNEAR HALL TRUST

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

Principal funding sources

Our funding comes from three sources. We earn money from the events we run for the community. We hire the hall out for private functions and we receive income from donations. The regular groups also contribute to the running costs of the hall.

The Committee also seek funding for specific projects through grant funding institutions and trusts.

Our costs generally break down into two areas, running costs and event costs. We aim to ensure that our income exceeds our costs by a reasonable margin so the difference can be used to go toward the refurbishment costs

Major risks

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.

Plans for future periods

The Committee with continue to volunteer and invest their time in improving the overall facilities for the benefit of our local community.

Our main goals for the future are to :

Structure, governance and management

The Fetternear Hall Trust is an Unincorporated Association, governed by its Constitution. The day to day management of the hall is undertaken by a committee of volunteers from the local community. The operation of the committee is overseen on behalf of the Trust by three Trustees. The Hall Constitution was presented and accepted at the 2014 AGM

The Trustees who served during the year and up to the date of signature of the financial statements were: E Aiken

P Slade K Wallace E Aiken N Fyfe H Smith

Recruitment and appointment of trustees

Organisational structure

The Fetternear Hall Trust is an Unincorporated Association, governed by its Constitution. The day to day management of the hall is undertaken by a committee of volunteers from the local community. The operation of the committee is overseen on behalf of the Trust by three Trustees. The organogram is shown below. The Hall Constitution was presented and accepted at the 2014 AGM.

The local community volunteers to help run events as and when needed.

FETTERNEAR HALL TRUST

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

Ordinary Members/User group Representatives

Ordinary Members Mr A Mackinlay Mrs G Adam Mr K Jardeneh

User Group Representative Bowling club Representative Mr R Cheyne Women's Institute Representative Mrs J Jardeneh

Banking

Clydesdale Bank Plc 26 West High Street Inverurie Aberdeenshire AB51 3SL

The Trustees report was approved by the Board of Trustees.

E Aiken Trustee

15 December 2025

FETTERNEAR HALL TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF FETTERNEAR HALL TRUST

I report on the financial statements of the Charity for the year ended 30 April 2025, which are set out on pages 7 to 15.

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 Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's Trustees consider that the 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 statement

My examination is 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking 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 I do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

In connection with my examination, no other matter except that referred to in the previous paragraph has come to my attention:

have not been met or

Wilma A Sim FCCA (non-practicing) Thyme Tax & Accountancy Ltd 36 Angusfield Avenue Aberdeen Aberdeenshire AB15 6AQ United Kingdom

Dated: 15 December 2025

FETTERNEAR HALL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 APRIL 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Donations and legacies 3 230 305
Charitable activities 4 878 -
Other trading activities 5 6,106 9,353
Total income 7,214 9,658
Expenditure on:
Charitable activities 6 6,557 19,981
Total expenditure 6,557 19,981
Net income/(expenditure) and movement in funds 657 (10,323)
Reconciliation of funds:
Fund balances at 1 May 2024 15,312 25,635
Fund balances at 30 April 2025 15,969 15,312

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

FETTERNEAR HALL TRUST

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2025

Notes
Fixed assets
Property, plant and equipment
11
Current assets
Trade and other receivables
12
Cash at bank and in hand
Current liabilities
13
Net current assets
Total assets less current liabilities
The funds of the Charity
Unrestricted funds
14		 2025
£
444
15,695
16,139
(180)		 £
10
15,959
15,969
15,969
15,969		 2024
£
494
14,986
15,480
(180)		 £
12
15,300
15,312
15,312
15,312

The financial statements were approved by the Trustees on 15 December 2025

Trustee

FETTERNEAR HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1 Accounting policies

Charity information

Fetternear Hall Trust is a unincorporated charity..

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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)". The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

FETTERNEAR HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 25% Straight Line Fixtures and fittings 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to 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 (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

FETTERNEAR HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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 underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 230 305

FETTERNEAR HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Other income 878 -
Income from other trading activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising events 1,765 3,203
Rent 4,341 6,150
Other trading activities 6,106 9,353
Expenditure on charitable activities
2025 2024
£ £
Direct costs
Depreciation and impairment 2 13,114
Insurance 813 725
Light & heat 1,883 3,308
Sundries 370 550
Repairs 2,039 811
Cleaning 582 569
Website 97 338
Licences 325 178
Office costs 32 -
6,143 19,593
Share of support and governance costs (see note 7)
Support 216 190
Governance 198 198
6,557 19,981
Analysis by fund
Unrestricted funds 6,557 19,981

5 Income from other trading activities

6 Expenditure on charitable activities

FETTERNEAR HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

7 Support costs allocated to activities

Support costs allocated to activities
2025 2024
£ £
Advertising 216 190
Governance costs 198 198
414 388
2025 2024
Governance costs comprise: £ £
Indpendent examiner 198 198
198 198

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

FETTERNEAR HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

11
Property, plant and equipment
Leasehold
improvements
Fixtures and
fittings
£
£
Cost
At 1 May 2024
52,440
2,380
At 30 April 2025
52,440
2,380
Depreciation and impairment
At 1 May 2024
52,440
2,368
Depreciation charged in the year
-
2
At 30 April 2025
52,440
2,370
Carrying amount
At 30 April 2025
-
10
At 30 April 2024
-
12
12
Trade and other receivables
2025
Amounts falling due within one year:
£
Prepayments and accrued income
444
13
Current liabilities
2025
£
Accruals and deferred income
180
14
Unrestricted funds		 Total
£
54,820
54,820
54,808
2
54,810
10
12
2024
£
494
2024
£
180

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 May 2024 Incoming Resources
At 30 April 2025
At 30 April 2025
resources expended
£ £ £ £
General funds 15,312 7,214 (6,557) 15,969

FETTERNEAR HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

14 Unrestricted funds (Continued)
Previous year: At 1 May 2023 Incoming Resources
At		 30 April 2024
resources expended
£ £ £ £
General funds 25,635 9,658 (19,981) 15,312
15 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).