Charity r•glstration numbèr SC015011 Iseotlandl WELLBANK AMENITIES ASSOCIATION ANNUAL REPORT AND UNAUDITEO FINANCL4L STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
WELLBANK AMENITIES ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trusts•s Charlty number (Scotlandl SC015011 Prlnclpal address 3 Kellas Road Wellbank Dundee DD5 3PE Independent examlner Bird Simpson & Co 144 N&th¢ryat* Dundee DD14EB
WELLBANK AMENITIES ASSOCIATION CONTENTS Pagè Trustees, report Independent examiners report Statement of financial activities B81an¢e sheet Notes lo the financial stslem*nl$ 7-14
WELLBANK AMENITIES ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees present their report and fjnancjal ststements for the year ended 30 September 2024. The financial ststemenls h8ve been prep8red in aC[danCe wNh the Charitie8 and Trustee Investment IScotl8ndl Act 2005, the Chairtie5 Accounts Iscouandl Regulations 2006 la5 amended) and "Accounting and Reporting by Charities." Statement of Recommended Practice applicAble to thatilies prepanng their accounts in accoidance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021. leffective 1 January 20191. Objectives and activities To promote the benefit of the inhabrtants of the area by assoaation vnth local authontles, voluntary organisatlons and inhabitants in a common effort to advance education and to provide laalities in the interest of social welfare, for recreation and other leisure lime occupalion with the objecl ol improving the CA)nd11S of life of the aforementioned inhabitants. To establish, rnaintsin and manage the WellbJnk Village Hall and Park for acfwths promoted by Association and ils ¢onsliluenl members in fvrtheranctr ol Ihtr above objects or any of them. Our Charftoble Slalus remains o¢tive and Ina&pèndènlty regulated by offi ofthe sttISh Charity Regulator. The Association continues to actNety support and organisè fvndfaising events to benefit other Charitable Organisations. Achlevements and perfoman Significant activities and achiev6ments ag8insI obpctis The financial year ended 301h Seplember 2024 was another challenging but exribng year for the local community and the charity. We are delighted lo see that the hall 1$ stil a populaf ¢hOe for children's birthday parties and one off function bookings due to the $pa¢iou$ n81ure ol the main hall. The bar has once again provided much neèded revenu& and has baen busy throughout the year which wa$ onty posbl& to th8 hart1 woth ant1 commilmnt of our outgoing and existing Committee. Thankfully, the hall has managed to relain rts core of regular user groups induding Children's Yoga, Planet Dance, the Toddler Group and a local RC Car Club. The hall continues to support (he local rnobile post office facAlity moving frorn the shop to the Village hall lo continue this valuable community service. The Committee have once again organised several fafflity events Ihroughoul the year and these proved highly successful. There w88 8 bath lo school dis¢0. Halloween party 4$ well 8$ 8 very popular Christm8$ Fayre and New Yèars Eve party.
WELLBANK AMENITIES ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Financial review With the exception of the restricted fun¢Jing towards the playpark in 2023, total income for tne hall has remained stea¢Jy thanks to the loyaHy of the regular user groups, U)e local community via hall bookings as well as bar takings from various events. Hall Hire from user groups and onff bookings dropped slightty to £15,932 from £18,712 in 2023 with some of the user groups ceasing. Bar takings dropped slightty to £21.049 from £23.711 in 2023. Thi5 was helped by the hosting of a race night, a ladies night and the bar bein9 opened throughout the European Championships. Overall, running costs decreased in line Vth tumover when compared lo 2023 as would be expected. Rèpairs and maintenancé costs also decrèasèd sKJnificAnty from £18,599 in 2023 to £4,773 howèvei last years figure includes various remedial repairs which were covered by a £10,0 grant from Awards for All Scotland including new doors. The bank and cash balance at the end of the year was £4.056 01 which £1.959 is unrestricted fvnds, and £2,097 is restricted. l user groups are encouraged to review the incomelexpendilure on the OSCR web srte, this information 18 available for anyone to view and is displayed within the hall foyer. Minutes of every meeting are displayed on the notice board alongside AGM minutes and previous years. Fujancial Statements. Majorrisks The Trustees has assessed the major risks to whith Ihe charity 18 exposed, and are 6atlsfied that systems are in place lo miligale exposure lo the major risks.
WELLBANK AMENITIES ASSOCIATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Plano for futur• pertt)d• Suce•s8lon Pnnlng The Commlttè8 ara yonte•rS who rec8lv8 no bgnèfft In kfind for th8fjr contlnual hard VL1, tkne effort and dodScalOon to the hall. All members of Ihe Committee have arnved on ihe commrttee for various aSOnS but the vision for the future stsbilty of our communty hall is something we all Sha passionatety. We have had knts of offers of he and support from various bcals for varrfjus aclMbe6. maintenance and advice. appreciate the support that is gwgn to the Committee over the year. The Cornmittee ntinue with efforts to fvrther energi5e and engage the communty to #upport the hall and b)ok forward lo and wekome others lolning the Committee. for fvture devebpments r•lallng to our communty h811. Strueturn, gov•rn•ne• and mana9•m•nt Ilbank and Di¥lrict ArrEn1t¥ A8?latiOn 18 an uninc0rp0rnt body tstabh'thed und8T a ConJtilution adopt in Odob8r 2003 8nd amended In Nov&mb•r 2010 and No¥8mbw 2014. ial 8tat•m•nt8 r•.. R8eruilm8nt anLI Bppointmènt ol trust8OS The WAA originalty had a Management Committee 0110 and nlyw has a Commttlee of 5 elected members who are the Charty Trustee$. The elect merT)erB are apFonl•d at the Annual General Meetlng. although the Committee 4ho h96 lh• pokn*r to kOMe and •ppolnt additlon•l memb8 during th• y•8r. Tho minimum numb•r of Man808menl committ 1$ 5 And the maximum is 15. AJI members of th• Man•gem•nl Committ9• ffl1 11 •ach year but may 8tand for re-electk)n, All Cunt members are famlkqf Wrth the practlcal work 8nd alms of the WAA. Any new mTrknr8 gre provlded on appointment wth relevant guidancz from existing menknrs on the practul worklngs of the Charity and briefed on the alrns and purpose that underpin the ethos of our Communty Hall. They are also provNled cop8 of the Constitun, the latest financ BtaIents and a guKle lor Chanty Tru¥teo8. published by OSCR. Org&ni88tsorJ81 $tru¢lur• The management Commitlee a Tesponsibk for the daty maintenarKe. wemsing of aclivibes, for monrtoring the financial pOsitTr of the ABSOriatn and the strategK fijture pknnriThJ. The Truit•e$' report was approved by the Bo¥rd of Trustet 6 January 2025
WELLBANK AMENITIES ASSOCIATION INDEPENDENT EXAhlNER'S REPORT TO THETRUSTEES OF WELLBANKAMENMES ASSOCIATION I report on the ffinandal 8tateThnt8 of the cthartty for the year ended 30 September 2024, vthlL are 8et oui I pages 5 to 14. R•pèctlv• r•ip0n•lblllt of Tru#t••i and •xamln•r The charity's Trustees are responsibk for the preparalion of the financial Statements in acc4)rdance WTth the terms of Ihe Charilies and Trustee Inveslments (sc9nd) Acl 2LX15 and Ihe Charits Accounts Iscodandl Regulations 2)6. The charivs Tru3lees consider that Ihe audit requirewwt of Regation 1011llal to Icl of the 2W6 A¢¢ount$ RgUlatn$ doss not appty. A 1$ my mspon$ibifjty to •X•m1 lh finanual $tatrn•nts as r¥guirea nd•r s¢¢tbn 441111¢) olthoNd aThJ to state parttcubr matt•rs ¢om• to my attènllon. Ba•1• of Ind•p•nd•nt •xmln¢¢• •tstom•nt exarnination is carried out in accordance wrth Re9ation 11 of Ihe 26 Accounts Regul&tion8. An •KoMInaOn Indudos a rtsv6trw of tho accounung record5 ktrpt by thè ¢harlty •nd a comparlson of tho ffnanclal 8lalernonts presenl•d vAth thos• records. 11 also in¢lJde$ Consid•ratn of any unusual iterns or disdosures Mi th• fin8ncial ¥lalwnenl3, and 3¢9ks oxplan8tson3 tru¥lee$ conwning any ¥uth matters. Th? procedures undertakon do not prowd6 all thè evid6nc& th8t WO bo reqwrod In an audrt and ¢>)nsequonty I do not oxpro an audit oplnlon on th• gr48n by Ihe finand81 staleThnts. knd•p•nd•nt •x•mln•rf• •t•t•m•nt Your att•nth)11 18 drawn to tha fact Ihal th• chanty has Pf•par•d financial statèm8nts In occordancts wth Accountlng antl r8POrt6ng ty CharitS08 pr•p8rfng th•4r accounts in &ccord8nc• vhth th• Flnanci81 R•pLvllng Standard apph'c8ble in the UK and Reputlic ol Ireland {FRS 1021 in preference to the Accounung and Reporting by chan18.. Statement of Recommnded Pra¢aice tysued on 1 April 2005 18 referred to in the extant regulatK)n6 but has now been wllhdravm. l und•rnt8nd that th18 h88 been don8 In ordw lor th• th8n¢1 8tat•ments to provN1• • tru• and fgk ¥1•w ardan¢$ vA¢h G•n•r•lty Att•pt•d A¢rgwnllng Prxt6c• •ff•th• for 1•Wng p•rknd$ Wlnnlng on or gft•r 1 January 201 S. connectlon vhth ffly examInau, no othw matt8r oXCOPt that referred lo kn tho prDuS paragraph has come to my attentlon., lal whlch glv8s m• r•asonabl8 causa to bal8ve Ihat In any mat•rfal r&sp8ct lh• r8qulram•nts.' 11) lo ketrp aOuntIng ro¢ord$ in a¢crydanco vAih 4411110} of thtr 2Ci15 Act and R•gul81th 4 the 2008 A¢¢ounts Rtgul8tion$', •nd IMI to prepare financial stalements whh a(xord ith the accotIng records and compfy Regulauon 8 oflhe 2C¥]6 Accounts ReglIOns. have not been met or Ib} lo which. in my opinion. ottentKn Sho b• dr•*m in ord¥ lo •noNe • proper und•rstsndMig of financial ¥tsterrffjnts lo bp w?h¢d. Blrd Slmpson & Co 144 Nethergate Dund¢• DD14EB Dated.. 6 January 2025
WELLBANK AMENITIES ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Note8 Income from: Donations and legacies Hall Hire Other trading activities Investments 3.361 15.931 21.049 37 2.746 16.712 23,711 138,000 140,746 16.712 23,711 15.931 21.049 37 Total Ineomè 37,378 40.378 43.280 138,000 181,280 Expendlture on.. Trading costs 13.837 14.837 15.357 15,357 Charitable 8Ctivitie$ 27,703 12,681 26,608 22,681 49,489 Total •xp•ndltur• 41,540 13,681 55.221 42.165 22.681 64,846 Net Incomellexpendlturel 14.162) 110.681) 114.8431 1,115 115.319 118,434 Transfers btseeTh funds 189 1189) N•1 mov•m•ni In fund8 {3,973) 110.870) 114,8431 11S,319 116,434 Reconclllatlon ol funds: Fund balan¢e8 at 1 October 2023 S,914 11S.319 121.233 4,799 4,799 Fund balance8 at 30 September 2024 1,941 104,449 1(,390 5.914 115,319 121,233 The statement of financial activrties indudes al gains and losses recognised in the year. All income and expenditure derive from continuing activities.
WELLBANK AMENITIES ASSOCIATION BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Mots• Flx•d ••Mts Tangibk assets 13 101.449 114,130 Curr•nt a8•ei• D•blor$ Cash at bank and hand 14 4.056 8,117 4.941 7,103 N•t ¢urr•nt ••••t• 4.941 7.103 Totsl *u•ts l•u ¢urY•nt Ilablltl•• 1C6.390 121,233 Th• fund• ol th• ¢h•rlty Restrkted Income fvnds Unr•$lrfcl•d fvnds 15 104,449 115,319 5,914 1Cfj,390 121,233 Trip fiiiaiir.ial slalpiiipiits were 8pproved by the Truslep8 nii ') .laiiuaiy 2025
WELLBANK AMENITIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies 1.1 Accoun¢ing convention The finanaal statements have been prepared in accordance with the charity's Igoveming documentl, the Charities and Trustee Investment Iscotlandl Act 2CH)5. the Charities Accounts Iscouandl Regulations 2006 las amended). FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charibe5 SORP "Accounty'ng and Reporting by Charities. Slalemenl of Rècommended Practice applicable to chariiE5 preparing theii account5 In accordance wth the Financial Reporting Standard applicable in the UK an¢J Republic of Ireland IFRS 102}" (effective 1 January 20191. Thè charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statwnent of Cash Flows. The financial slalemenls have departed from the Charities IA¢counts and Report$l Rtrgulalions 2TrJ8 onty to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice lor charits apptying FRS 102 rather than the version ol the Statement ol Recommended Practice which is refeffed to in the Regulabons but which has since been withdrawn. The financial statements are prepared in steding. which is the funCtnal Cjjrn of the charity. Monetary arnounts in these financial statements are rounded lo the nearest £. The financial $talem&nl$ have been prepafed under the historical ¢o$l convention, Imodified lo includ& the r¥valu81ion ol frèehold propertiès and lo include investment properti$ and ¢&rtain ffinan¢o1 inslwm¥nl$ al fair valuel. The principal accounting policies adopted are set oul below. 1.2 Golng concern At the lime of approvin9 thg finan¢ial $lal&menl$, lh& Truste¢$ have a aSOnable ¢xp¢¢tation that th¥ ¢h8rity has adequate resources to continue in opèrational exislence for the foSeeable future. Thus th8 Tru$te•s continue to adopt the going concern basis of accounling In preparing the finanaal statements. 1.3 Chadtabl• fund• Unrestricted funds are available for use al the discretion of the Trustees in furtherance of their charitable objective3. Restricted funds are subject lo speryfic conditions by donors or grantors as to how they may be used. The purposes and uses ol the restricted lunds are set oul in the notes to the financial staternents. Endowment fvnds are subject to specrfK conditions by donors that the capital must be maintained by the charity. 1.4 Income Income 1$ re¢ognised when the charity 1$ leyalty entitled to it after any p&rft)man¢e conditions have been met, thè amounts can be measured reliabty, and tt is probabk that income will be received. Cash donations are recognised on receipt. Other don8tions are re¢x)gnised once the charity ha5 been nots'fied of thè donation. unless perfomiance condrtions Tequire deferral of the amtsunt. Income tax iecoverable in relation to donations receNed under or deeds of covenant is recognised at the time of the donatitsn. Legacie5 8re recogniseil on receipt or othemse rf the Charity has been nottfied of impending distribution. the atnount is known, and receipt is expected. If the amount is not known. the legacy 15 treated 85 contingent asset.
WELLBANK AMENITIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢coun¢ing policies (Continuedl 1.5 Expendlture Expenditure is rewgnised once there is a legal or construdive obligation to transfer eoonornic benefit lo a third party, it 15 probabl8 that a transfer of ewnomiG benefits will be required in settlernent, and the arnount of the obligation can be measured reliably. Expenditu is classified ty aclivty. The costs of each aclwity a made up of the total of dIrt costs and shad costs. induding support costs invofved in undertaking each activity. Direct costs attributable to a single activity 8re allocated directy to that activty. Sh8red c05t5 whth contsibute lo rnore than one activity 8nd support Costs which arè ntst attributable to a single activty are apptsrtioned between those activrts on a basis consistent with the use ol resources. Central staff costs are allo¢aled on the basis of lime spent, and deprèciation charges are allocated on the portion of the assèfs us&. 1.6 T4n9lblè nxèd aièt• Tangible fixed assets are initialty measured at rnst and subsequentty measured at ryjst or valuation. net of depreciation and any impairment10s5es. Depreciation is recognised so as to wrile off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Playpark 10% Slright line Thè gain or loss arising on thé disposal of an a$set 1$ dètèmined as Ihe diffèrèn¢è belwèen the sale pro¢&8d$ and the carrying value of the a$sel. ana 1$ rewnised in the slalemenl of finan¢ial activrties. 1.7 Impalnnent of Ilxed as¥ets At each reporting end date, the charity vIewS the carrying amounts of rts tangible assets to determine whether Ihere is any indicalion that those assels have suffered an impaimient loss. 11 any such indration exists, the recoverable amount of Ihe assel is esbmated in order to deiermine the extent of the impaiment loss lil any). 1.8 Cash and cash egulvalents Cash and cash equivalents include cash in hand, deposrts held al call wrth banks, other short-terrn liquid investments with original malurities of three monlhs or less, and bank overdrafts. Bank overdrafts are shown wrthin borrowngs in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions ol Seth"on 11 'Basic Financial Instruments, and Section 12 'Other Finanaal Instnjmenls Issues, of FRS 102 to all of its finanaal instnjmenls. Financial instrurnenls are recognised in the chaiity's balance sheet when Ihe chanty becomes party lo the contiactual provisions of the instrurnent. Flnancial assets and liabllrtS a offset, wth the net amounts psented in Ihe 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 (he asset and setde ihe liability simulianeousty. Basic financial assets Basic finanaal assets, whth indude deblors and cash and bank balans, are initially measured at transaction price induding transaction costs and are subsequentty carried at aM0'Sed cost using the effective interest method unle55 the arrangemenl constilules a financing transaclion. where the transaction is measured at the present value of the fulure receipts disrA>unted at a market rate of interest. Finan81 assets classified as receivable within one yeai ale not amotti5ed.
WELLBANK AMENITIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢coun¢ing policies (Continuedl Baslc flnanclal Ilabllltl•s B8sic financial liabilities. including crediti)rs and bank loans are initwlty recognised at transaction pri unless the arrangement con5btutes a ffinanong transaction. vthere the debt in5ttument 15 measured at the present value ol the future payments discounted al a market rate of interest. Financial liabilS classified as payable wbthin one year are not amortised. Debt instruments are sub5equentty carried at amortised c4JsI. using the effective Inte$t rate method. Trade creditor5 are obligations to pay for good$ or sèrvices that have been acquired in the ordinary course of operations Irom suppliers. Amounts payable afe cjassthed as current liabilities il payment is due within one year or less. If not, they are presented as non-current liabilib"es. Trade creditors are recognised inthally at transaction price and subsequentty measured at amortised cost using the effective interest method. Dfrrncognition ol financifil liabilities Flnancial Iiabililies are dere¢ognised when lh& ¢haiity's ¢ontradual obligation$ expire or ar& dl$¢harg&d or cancelled. 1.10 Employee benefit8 The cost of any holiday &nlrflemenl is rn1 in th& period in whi¢h th& ¥mploy¥e'$ servths a received. Termination beneffts are recognised immediatety as an expense when Ihe charity is demonstrably cornmrtted lo terminate the employment of an employee or to provide terminalion beneffts. Crltl¢•l a¢¢ountlng tIM¥t¥# and ludg•mtrnt• In the application of the charity's accounting polides. the Trustees are requlred to make judgements, estimates and assumptions about the carrying amount ol assets and liabilth.es that are not readily apparent from other sources. The estimates and associated assumptions a based on historical experience and other factors that are considered lo be relevanl. Aclual resums May differ Irom Ihese eslirnates. The $tim81$ and undertying 8$$umplion$ are reviewed on an ongomig basis. Revi$ion$ 10 8¢VnI1ng estimatès are recognisÈd in the period in whith thè estimate is fevised where the vIsiOn affects lY that pariod, or in thè p•riod of th• rèvision and future p•nods where tha fèvision affects both curr8nt and futurè periods. Income from donallons and legacles Unrestricted Restricted funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donation5 and gfft5 Grants 361 2.746 2.746 138,000 3.1)00 138.000 361 3.361 2.746 138.000 140.746
WELLBANK AMENITIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from charitsble activitres unrestCted funds 2024 Unrestrlcted fund$ 2023 Charitable Activities Hall Hire 15,931 16,712 Income trom other trading activitle8 Unrgstrt¢tod Unmtrl¢t¢d funds funds 2024 2023 Fundraising events Bar Takings 3.595 17,454 23,711 Total 21,049 23,711 Incom• from Inv••tm•nt• Unrnstrfcted Unrestrlcted fund• fund8 2024 2023 Interest receivable 37 Expendltur• on ral8lng funds Unyestrlcted Restrlcted lunds fund8 2024 2024 Total Unrestrtcted Restrlcted lund8 fund• 2023 2023 Total 2024 2023 r ¥to¢k Bar Purchases 13,837 14,837 15.357 15,357 10-
WELLBANK AMENITIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Expenditure on charitable activities Running Costs 2024 Running Costs 2023 Direct costs Depreciation and impaimient Heat & Light Cleaning Insurance Water Tèlephone 8 Broadban Alami Repairs Licenses Sundry 12,681 12,5 3,401 1,505 2,447 785 404 4,680 500 1,076 12,681 11,370 1,463 1,368 1.708 885 758 18,599 217 440 40,384 49,489 AnalyslB by fund Unrestricted funds Re8lri¢ted ftjnds 27,703 12,681 28,808 22,681 40,384 49,489 Net rnovement In fund• 2024 2023 The nel movement in fund$ is slated 8ft&r ¢hargingl1¢itirt9l= DepredaUon ofowned tangible fixed ass&ts 12,681 12,681 10 Tru¥t¢ None ol the Trustees lor any persons connected wrth them) received any remuneration or benefits from the charity during the year.12023.' nil) 11 Employees The 8ver8ge monthty number ol employees during the year was= 2024 Number 2023 Number Total Thare weie no èmploy8es whose annual remunetatK)n was mor8 than £60.IKJD. 11
WELLBANK AMENITIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 Taxation The chanty is exempt from tsxation on its activibes bause all rts income is appld for charitsble purposes. 13 Tanglblè Ilxèd assèts Playpark Ct Additions 126,811 At 30 September 2024 126,811 Oepreclatlon and impalnnent At 1 October 2023 Depreci8bon charged in the year 12,681 12.681 AI 30 September 2024 25,362 Carrylng amount At 30 September 2024 101,449 AI 30 September 2023 114.130 In 2022123. we were grateful lo receive fvnding towards the design and installation of a new playFork adjacent lo the village hall. £120,000 was received from Seagreen Wnd Energy and the remaining funds were received from Turcan Connell %¥hi¢h was used lo purchase new seating at Ihe park. 14 D•btor• 2024 2023 Amounts lalllng du• wlthln on• year: Trade debtors Prepaymènts and aecru8t1 incomè 254 631 361 625 885 986 12-
WELLBANK AMENITIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 15 Restricted funds The restricted funds of the charity wrnprise the unexpended balances of donations 8nd gr8nts hekl on twsl subject to specific ¢A)ndttions by donor5 as tr) how they may used. At 1 Octo¢ 2023 Ineomlng r•soure•s R•sourc•s èxpended Transf•rs At30 September 2024 Seagreen Energy- Playpark Turcan Connell- Sealing Tesco Groundwork CORRA 108,0 6.319 112.000 16811 {1,0001 96,000 5.449 11891 3,000 115,319 113,6811 11891 104,449 Pr¢vlou$ y•r= At 1 O¢tobor 2022 In¢omlng r•8oure•8 R•sour¢• •Xnded Tr•n$f•rn At30 S8pt•mbar 2023 Seagréen Enèrgy- Playpark Turcan Connell- Seating Awards for All Tesco Groundwork 120.000 7.000 10.000 1.000 112,0001 16811 iio.0001 108,000 8.319 1,000 136.000 22.681 115,319 18 Unrestrlcted funds The unrèstricted funds of the charity comprise the unèxpènded balancès of don8tion$ and grants which ar¥ not subject to specific conditions by donors and grantors as to how thèy may bè used. These include designated funds which have been set aside out of unrestricted funds by ihe injstees for specific purposes. At 1 October 2023 Incomlng resources Resources expended Transfers At30 September 2024 General funds 5,914 37.378 141.540 189 1,941 Prevlous year: At 1 October 2022 Incomlng resources Resources expended Transfers At30 September 2023 General tunds 4,799 43.280 142.165} 5,914 13-
WELLBANK AMENITIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 17 Analysis of net assets between funds Unrestrlcted fund$ 2024 Restrlcted fund$ 2024 Total 2024 At 30 September 2024: Tangible assets Current 8ssetsllli8bilities 101,449 3.000 101,449 4.941 104.449 106,390 Unr•strlet•d fund• 2023 R•strlct•d fund8 2023 Total 2023 At 30 September 2023: Tangible assets Current a8setsllliabilities 114,130 1.189 114,130 7.103 5.914 5.914 115.319 121,233 18 Rèlatèd party trnn•actlon• There were no disdos8ble re18ted party transactions during the year12023- none). 14-