REGISTERED COMPAf4Y NUIqBER: CS000548 {Scotlgnd) REGISTERED CHARrrY NU1BR. SC010856 REPORT OF THE TRUSTEES ALYD UNAUDITED FIThANCL4L STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 FOR THROSK COMMLfNITY ETrrrERPRTSES Haines Watts Business Advisors and Accountants Q Court i Qualirv StrEei Edinburgh EH4 5BP
THROSK COMMtrylTY ENTERPRISES CO.NTENTS OF THE FLYANCIAL STATEMEYTS for the year ended 31 January 2025 Page Report of the Trustees Independent Examlner's Report Statement of Financial Attiiitles Balance Sheet Notes to the Statements 7 to 11 Detailed Statement of Financisj Aetiwtles 12
THROSK CO.TrIMUhlTY E14TERPRISES REPORT OF THE TRL'STEES for tbe vear ended 31 JAnuarv 2025 The TrusTees present their annual repon totrether iwth the ynaudited financial siatements of Throsk Conjmunity Enterprises for the year ended 31 Januars, 2025. The Trustees confimi th81 the Annual repon and financial statements of ihe ¢OEnpany comply with the curtent statOry requErements. the requirements of the company's goeIng document and the piovisions of the Statement of Recomrnended Practice {SORPI "Accounting and Reportill(T by Charities" app12cable to charities preparing their accounts in accordante wryth the Financial Reponing Standard applicable in the UK and tiepublie of Ireland IFRS 102), ACHIEVEMEN'TS AF4D PERFORMATriCE Charitable actiwtits and achTevement8 The aims and objectiires of the charity are.. To provide recreational faciliries, or the organisation of recreational activiiie5. Aith the object of improving the conditions of life for the persons of M,hom the facilities or aciii'ities are primary intended. To achieve these aims and obiectives. Throsk Cornmunity Enterprise provides bealih and wellbetng of all user 0Up$. FJNANCIAL REVIEVI FinanciAI positlon L)uring the year the charity recorded income of £6.705 12024.- £7.8151, incurred costs of £8.516 1?024- £1 L,499) and reported a deficit of £1.811 {2024= £3,684 surplus). At The year end the charity had unrestricred fimds of £12.151 (20?4= £12.962). Re$erves poli¢y The Tnree5, policy is to retAitt at least two montbs ruDning costs in order to meet our comnjitsnents. At the moment the njnning costs are around £300 per month. We are strifving ro keep the hall ientsls et¢ co]niDg io and build up our reserv¢s accordingly. Going concern After making appropriate enqtsiri4 the Trustee5 have a reasonable expecration thai the charityhas adequate resourc to corytinue its operatioDal existeDCe for the foresEeable fvtuie. For this reason, they contInue to adopE the 80ing concern basis in preparing ihe financial statemenis. Further details regarditig the adoption of the going concem basis be found in the accountiug policies. TRL'STEES. RESPOI)SIBfLITY The Trnsiees are responsible for maintaitt proper accounting records ithich disc105e with reasonable accuracy at any time the financial position of the charjty and enables them to ensure that ili¢ financial statements Comply ryth the Charities and Trustee Investment (Scotland) Act ?OOi and the Charitie5 Accounts (ScotLalldl Retrulaiions 2006 (as amended). The trustees are also responskble for 5afeguardillg the a55ets of the charity and hence for taking reasonable steps for the prevention aud detection of fraud 2nd other irregularities. The Trusiees are responsible for Ihe maintenanee and integriry of the chariry ancl fillancial statetnents on the ch2ritys website. Legislarion in the United Kingdom governing the preparation and dissetninatton of financial staentS may diffeT from the legislation in otlker jurisdiciions. STRUCTURE, COVERNA>4CE AIYD mN.GEMENT Governiug doeunt The charity 15 a Scottish Charitable Organisation. It wa5 registered as a SCIO on May ?015. The Trustees are the members of the ¢barity. OryanisatioDal structure The affairs of the Proje¢t shall b¢ managed by a committtt of no less than 3 people. which shall meet at least once a month. Onl), 11 members of the Project. whether individual or repre5entstive. shall be el?giblc to Sland for election to the Managemeni Committee. Page I
THROSK COMMUNITY ETrrrERPRISES REPORT OF THE TRLSTEES for the year ended 31 Jattuary 2025 STRLCTURE, GoVERANcE AIL'D IlW4AGEMENT Risk Tragement The trust¢es have a dutv 10 ideniify and reiiew the iisks 10 which the chariry is CKposed atLd to ensure appropriate contio15 are in place to provide iea$onabLe ass4JrancE against fraud and etror. REFEREhCE ATr4D ADlItNISTIUTIVE DETAILS Registered Comp4ns' number CS000548 (Scotlalldl Registered Charity number SC010856 Reei5tered offi¢e 24 Dicksom Strtet Elgin Ind Estate Dunfennline Fife KY12 7SN COniDan t2¥} Independent Examlner Haints Watts Business Advisors aud AccouotarLt$ Q Coun 3 Quality Srreet Edinburgh EH4 5BP This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to smal5 companies. Approved bv order of the b0d of trustees on ............. ... . and signed on its bchalf by. Page ?
INDEPEI)EliT EK4MINER'S REPORT TO THE TRUSTEES OF THROSK COMryfUNITY E)TERPRISES I report on the a¢counts ftsr the sear ended 31 January 2025 set ollt on pages four io ¢leven. Respective rt5ponsibilitie$ of trust¢e5 and exarnlRer The charitys tree$ are responsibl£ for The orep8tation of L4e accounts in accordance H'ith the ter of the Charities Ènd TrusTec Jnv¢stment IS¢otlandi Aer 2005 attd the Chariiies Aecounls (Seoilandl Reiolations ?006 (as amended). The ehari4's trustees eonsider thai ihe audii requiremLnt of Regulaiion 1011 Ila) io (cl of rhe Account5 Regulaiions does not appl). It is my resp4)nsibiliTr io 3le the tskccounrs as required under Section 441 I Ilcl of the Act and to sthte whether panicular matta% hai"e come ro m} atttntion. Basi5 of the Independent exgminer's report -my examination was eaTrred out in accordance liqth Re(TulatkOn I l of th¢ Charlties Aecouuts (Scotlandl RE8ulations 2006. -4n examination iucllldes a reiiem. ot- the ac¢ounLing records kepi bv the ¢hariry 2nd a comoarison OE the accounts presenied ilryth those records. Ic also includeh Consideration of any wiu5ual iiems or disclosures Én tbe accouttis, and seeking explanations from you as rru5t¢es coneerning any such Tllatt¢rs. The prottdurts undertaken do noi pro&ide all the evidence thai would bc required in an audii, and consequEntly T do not express audit opinion on the sryew given bv the ac¢ouE]ts. IDdependent ex*miDer's statement connection witb mv examination. no matter has come to Tny atttniion .' 11) which gives me reasonable cause to belietE that. in any mat¢rial respect. the requir¢rneDts to keep a¢¢ountlDg records in acrdanCe with Section 44(1 Ila) of the 2005 Aei and Retrulation 4 (pf the 2006 Accounis Re8Ylalions- aDd io prepare accounts wbich accord the a¢cA)UJliing records and w comply with Regulation 8 of the 2006 Account5 Regulations have noi beeT] or 12) to which, in OPilllOIi. at¥ention should be 51rawn in order 10 enable a proper understanding of the aeeounts to be reached. Haine5 Wails Business AdNrysors and Accountanis Q Court 3 Qualiry STr¢et Edinburgh EH4 5BP Date.. 2911012025 Page 3
THROSK COMMLThITY ENTERPRISES STATEML ENT OF FJJ.4YCIAL ACTlVtTtES for the year ended 31 Janu#rTr' 2025 2025 Total fjjnds 20?4 Total nds Unrestricted fund Restricted nds l*ote$ TNCONIE AND ENDOWMENTS FROTrI Donations and legacies 6,705 6.705 7.815 EXPENDITURE O Charitable aCtitieS Charitable activites 8,516 8,516 11,499 r4ET Tf4COMElffXPENDrrDIiEI (1.8111 (3.684) RECO.NCILIATION OF FUNDS Total 5Jnds brought forward 13.962 13,962 17.646 TOTAL FUNDS CARRtED FORWARD 12,151 13.962 The notes forni part of ihese finaucial staiemenis Page 4
THROSK COmIUM ETriTERPRISES BALANCE SHEET 31 Januar). 2025 2024 Total fiulds Unrestricted fjjnd Resiricted fjjnds Total fid5 Noies FIXED ASSETS Tangible assets 127 CURRENT ASSETS Debtors Cash ai bank 23 15.826 23 15.510 L5,826 15.849 15.849 CREDITORS Arnounts falling due within one year 13,6981 {3.6981 (1.698) L ET CURREINT ASSETS 12,151 12.151 TOTAL ASSETS LESS CURRENT LIABILITIES 13,962 NET ASSETS 12.151 13.962 io Unrestricted fimds 12.151 13.962 TOTAL FtrDIDS 13.962 The Charitable company is entitled to exemption from audit under Sectioa 477 of the Compallies Act 2006 for the year ended 31 January 2025. The members have not required the compans. io obtain all audiE of its financial sratements for tbe vear ¢nded 31 Januarv 2025 accordance th Se¢tion 476 of the Companies Aci ?006. The tsustees acknowledge their re5POll5ibilities for (a) ensuring that the charitable company keeps a¢¢ounting records that cornply wih Sections 386 and 387 of the Companie5 Act 2006 and preparing financial statements w'hich give a true and fair view of the slate of affairs of tbe charitable cotnpany as ai the end of each finan¢ial ytar and of its surplus or deficit for each firLancial year in accordance with the requiremeni$ of Sections 394 and 395 and y,hich othepKise comply Trith the requiretnents of the Con)p2nie5 Aci 2006 relating to ff nancial statemerLts, $0 far as applicable ro the charirable eompany. {b) The notes form pan of Ihese financial sEaments Page 5 eoniinued...
THROSK cO.rMLY[[Y ENTERPRISES BALATroCE SHEET- cont5nued 31 January 2025 Th¢5¢ financial siatemenis have beeu prepared in accordance with the proi'isioJs appl?cable to dJaritable companies subject to the small compaoies regime. Tht financial srAtemenis IvcrL approved by the Board of Trusiees and authorised for issue ..Z9.1.101..Lt!L 2nd Tre signed on its behalf b}-. oll The noies forni part of these firLan¢ial statements Page 6
THROSK CO1MM]ry ENTERPRISES -YOTES TO THE FIYJ CIAL STATEMENTS for the year ended 31 JgnuArv 2025 AcCOuNTG POLICIES BASIS OF PREPARLYG THE FINLNCL4L STATE.MENTS The financial statemenis. have been prepared in accordanee with thi Charities SORP IFRS 1021 'Accounting and Reporting by Charities-. Statement of Recommended Pracrite applicable io Charities preparEng their ac¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeuive l Januar). 20191., Financial Repon2ng Standard 102 'The Financial Reponing Standard applicable ill the UK and Republic ot Ireland, and the Companies A ?006. The financial statements have been prepared under the historical ¢ost convention. The ¢harivJ' meets tbe definition of a public benefit entiN under FRS 102. Asseis and liabilities are initially recognised ar historical eost or transa¢tioll value unless otbenvi5e sraied in the relev2rJt accounting policy notes. The financial statemenis are prepared in sierling, which is the fijnctional CenCY of the company. Monetary amounts in these financial siatements are rounded io the nearesi £. The sionificant 2CCOWltin8 poli¢ies applied in the preparxEiOn of tliese financial starernents are set out below. These policies have been consistently applied to all years presented unless otherwise stated rNCOME All incorne 1$ recoguised in the Statement of Financial A¢tivitits once the charity has entitlement to the fiJnds, it is probable that the income wll be [e1Ved and the aOUllt can be measured reliably. Income illclud¢s revenue earned frorn hall hire and an[S received. EXPENDITURE Liabiliucs are gnIsed as expenditure as soon as tbere is a legal or constructive obligatlOD committing the Charitv to that expenditute. it is probable thal & transfer of econotnic benefits will be reqwred in seitlement and th¢ amount of the obli(ration can be mtasured reliably. Expenditure is ac¢ounted for on an accruals basis and has beerj classified under headings that aggregate all cosr relaied to Ihe catrgory. Where COSL8 cattnoi be directl), atrributed to particular headings they have been allocated to actimiies on a basEs consistent 1th tbe use of resour¢¢5. TANGIBLE FIXED ASSETS Depreciation is provided at ihe folloiving arLThval rares in order to wile off each 2sset over its estittLated use1 life. Equipment- Straiqht line over J }ears TAXATION The ¢harity is exempt from corporation lax on its charirable actii'iiies. VAT POLICY The chariry is noi registered for value added tax and a¢eordingly expenditure includes vat where appropriate. FUND ACCOUN'TThG Unrestricted fvnds can be used in accordance with the charitable objectives at th¢ di$¢retion ofthc trjstees. Restricted funds can only be used for particular restricted purposes within the otyects of the charity. R¢strictions atise when specified by the donor Or when fvnds are raised for particular restricted purposes. CASH AT BANK AND IP*, HAND C2sh ar baTkk and in hand includes tash and shori terni highly liquid investments with a short Marity of thr¢¢ months or less from the date of acquisition or opening of the deposir or similar account. Page 7 continued...
THROSK CoMTry ENTERPRISES Tr*'OTES TO THE FINANCIAL STATEMENTS- coutinued for the year ended 31 January 2025 ACCOUJJT. INC POLICIES- continued CREDITORS PROVISIONS Cr¢diror5 and provisions are recoonistd wbere the chariry has a present obligation resulting from a past event that will probably result In the transfei of fvnd5 10 a Ehird party and the amount due to settle the obligation can measured or estimared reliably. Creditors aJ2d pro)'ision5 ale normally recognised at their settlement amount. FINL ANCL4L INSTRUMI ENTS The charitv only bas basic financial assers and liabilities. Basie financial instrurnellts are initially reco8ni5ed at rransaction value and subsequentiy measured at theÈr seitlement i'alue. CHARITABLE ACTtVlTIES COSTS Direct Costs (see note 31 Support cosrs (see note 41 Totals Charitable actIte$ 7,405 8,516 DIRECT COSTS OF CHARITABLE AcfiviTIES 2025 2024 Insuran Rates Ligbt attd heat Telephone and intern Cleaning Repairs and rene1$ Sff travel expenses ?05 18 3.800 ?03 490 2.621 68 836 3.825 187 404 3.901 149 7.405 9,302 SUPPORT COSTS Equipment depreciation AccouT2tancv fees Totals Chariiable activities 127 NET 'co11EjIEXpENDITURE} Net incomel(expendiwrel 1$ stated after chargingllcreditingl.. 202) 2024 Depreciation- 0ed assets 127 Page 8 continued...
THROSK COMMUN Ef4TERPRISES NOTES TO THE FTh'ANCIAL STATEMENfs- ¢ontinued for the vear ended 31 Januarl 2025 TRUSTEES, REIMUNERATION Lty'D BENEFITS There were no trustees, remuneration or other benefits for the yvdr ¢nded i l January 202) nor for the year ended 3 1 January 2024. TRUSTEES, EXPEL¥¥SES There werE no irustees. expenses paid for the year ended 31 January ?025 nor for the year ended 31 January ?024. TANGIBLE FIXED ASSETS Plant and machinery COST At l February 20?4 and 31 January ?025 3.820 DEPRECIATIO At l FebNary2094 Charge for year 3,693 127 At 31 January 20?5 3,820 NET BOOK I'ALLTE At 31 January 20?5 At 3 1 January 20?4 127 DEB TORS." AML OUNTS FALLJNG DLT. SVITHIN ONE YEAR 20?5 2024 Prepa}T&erLts 23 CREDITORS: .4MouYfs FALLING DUE MqTHIN OhT YEAR 2025 20?4 Other creditors Ourstanding a¢¢¢)unts 2.836 862 836 86? 3,698 1.698 P&ge 9 continued...
THROSK cOM[UNITy EJJTERPRtSES NOTES TO THE FIIYLNCL4L STATEMENTS- continued for the year ended 31 J*nu2ry 2025 MOVEMENT FUNDS Net movcment in fimds At Ai l ?.24 Unre5tr1Cted fund$ General fimd 12,151 TOTAL FUT44DS 13,962 12,151 Net MO¢ment in fids. included in (he above are as follows.. IncoEninq resources Resources expended fovement in ndS Unre5tri¢ted fund5 General fimd 6.705 (8,5161 (1.811) TOTAL FUNDS 6.705 18.5161 Compgr4tives for moi'ement funds Nei At 31.1.24 Ai 1.2.23 in fidS Unrestrictsd funds General fvnd 17,646 (3.684) 13.962 TOTAL FUTr4TS 17.646 13.6841 13,962 Cornparative net moveTnenr in fund& i#¢luded in rhe above are as follows: Inco18 resources Rtsourct5 expended Movement EL funds Unrestricted funds General fi2nd 7.815 111,4991 13.684) TOTAL FThDS 7.815 111.499) {3,684} Pa8e 10 continued...
THROSK COIILI. IUNITY ENTERPRISES NOTES TO THE FtNLN'CIAL STATEMET¥TS- eontinued for tht ve2r ended 31 January 202) io. MOVEMENT IN FUNDS- continued A ¢urrellt year 12 mollths arÈd prior year 12 months combined position is as follory= movement in fidS Ai 31.1.25 At 1.2.2) Unrestricted funds General fjllnd 17.646 15.4951 12.151 TOTAL FUNDS 17,646 15,4951 A current year l• monrhs and prior year l? monihs combined net movement in fimdg, included in the above are as follows= Ineomin8 r¢sour¢es Resourtes expended MovemeTLt in finds Unrestricted funds General fund 14.520 120,0151 (5.495) TOTAL FUANDS 14.520 {20:OL51 {5.495) RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 January 2025. Pagell
THROSK COMIIUYTfY E,TERPIuSEs DETAILED sTATEmET OF FINANCIAL ACTIVITIES for the year ended 31 JauuarTr 2025 20?5 2024 INCOME AND ENDOW.METr4TS Donations and legacles Hall hire in¢ome Grants 6,705 6,775 1.040 6,705 7,815 Total incoming resources 6,705 7,815 EXPENDrruRE Charltable actiwities Insurane¢ Raies Light and heat Telephone and inrernet CleaTr7ng Repairs and renewals Staff travel expenses 205 18 3,800 ?03 490 836 3,825 187 404 3,901 149 68 7.405 9.302 Support costs Other Depreciaiion of tangible fixed assets 127 1,273 GoverDance costs Aecouutancy fees 984 924 Total resources expended 8.516 11.499 Ntr erpendimre {3,684) This p4oe does not form patt of the starutor). financial stat¢]nenis Page 12