REGISTERED CHARITY NUMBER: SC016805
Bridge End Outdoor Centre SCIO
Report of the Trustees and Financial Statements for the Year Ended 31 October 2023
Bridge End Outdoor Centre SCIO
Contentsof the Financial Statements for the Year Ended 31 October 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 to 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 10 |
Bridge End Outdoor Centre Report of the Trustees for the Year Ended 31 October 2023
The trustees present their report with the financial statements of the charity for the year ended 31 October 2023. 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 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity runs and administers the Bridge-End Outdoor Centre, which is located in Bridge-End , Burra, Shetland.
Significant activities
The centre provides budget accommodation, marina and other facilities for group hire.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Although caravans started to reappear the hostel part of centre was closed until spring when a gradual return to using the hostel. The exterior of the site was tidied up and the rough grass area was levelled out to facilitate campers. The road which provides access to both the camping area and the old marina was improved and various repairs carried out to the toilet blocks and inside the hostel. Although income from the hostel was not as good as expected the turbine and income from the berths helped to keep fluidity in the cash flow.
The old marina needed repairs and adjustments but, like most projects, this was mainly carried out by the volunteers. The hostel was used by primary schools, university and church groups and extended Shetland family get togethers among others.
Community engagement and fund raising took place through two events; an Eela Fishing Competition and a Haunted House Night. Both were very well attended by the local and wider community created a buzz in the media and a lot of good will as well as raising funds for the centre.
The centre continues to be a focal point of the community.
FINANCIAL REVIEW
Reserves policy
The charity has considered the reserves required and have considered their current and future liabilities. The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered.
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Bridge End Outdoor Centre
Report of the Trustees
for the Year Ended 31 October 2023
The reclassification of the berthholder deposits has given rise to a review of the reserves policy, as the funds used for working capital and to smooth over any fluctuations in income are now effectively covered by the funds held as the berthholder deposits.
As such the amount actually required to be held as free reserves is minimal, other than that which is represented by fixed assets.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled is governed by a deed of trust, and is registered in Scotland as a Scottish Charitable Incorporated Organisation.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
SC016805
Principal address
Bridge End Outdoor Centre Bridge End Burra
Shetland ZE2 9LD
Trustees
Approved by order of the board of trustees on 15[th] July 2025 and signed on its behalf by:
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Bridge End Outdoor Centre Report of the Trustees for the Year Ended 31 October 2023
Independent Examiner's Report to the Trustees of Bridge End Outdoor Centre SCIO
I report on the accounts for the year ended 31 October 2023 set out on pages four to ten.
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 (asamended). 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 (as amended). 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 the course of my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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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 reached.
Other than the matters set out below:
During out review of the accounts it became apparent that there were insufficient systems and processes in place for the accurate and complete recording on financial transactions.
The Trustees were aware of this issue and were keen to take steps to resolve the situation.
The Trustees have since may significant staffing changes and put in place new procedures, and are keen to work with ourselves to resolve all outstanding issues. The Trustees are also engaging with a local charity support group to update their general trustee training and procedures.
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Bridge End Outdoor Centre Report of the Trustees for the Year Ended 31 October 2023
Despite the issues that they have had, we are still confident that the attached financial reports are substantially correct, and that although they do lack some of the supporting detail that we would like, they are consistent with our knowledge of the organization and their activities, and the explanations that we have received from the Trustees.
Our examination of the accounts has shown no indication of fraud or dishonesty, and it does, in our opinion, stem from insufficient procedures, which are now being rectified.
Tregonning and Co Ltd Staney Brae Dunrossness Shetland ZE2 9JZ
23[rd ] May 2025
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Bridge End Outdoor Centre SCIO
Statement of Financial Activities for the Year Ended 31 October 2023
| Notes INCOME AND ENDOWMENTS FROM Charitable income 2 Investment income 3 Total EXPENDITURE ON Charitable activity 4 Investment costs 5 Governance Costs 6 Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31-Oct-23 U restricted fund £ 34,698 12,189 46,887 42,996 11,094 720 54,810 (7,923) 14,891 6,968 |
31-Oct-22 Total Funds £ 40,749 49 40,798 27,791 5,823 720 |
|---|---|---|
| 34,334 | ||
| 6,465 | ||
| 8,427 | ||
| 14,891 |
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Bridge End Outdoor Centre SCIO
| Balance Sheet | ||||
|---|---|---|---|---|
| At 31 October 2023 | ||||
| 31-Oct-23 | 31-Oct-22 | |||
| Unrestricted | Total | |||
| Funds | Funds | |||
| Notes | £ | £ | ||
| FIXED ASSETS | ||||
| Tangible assets | 6 | 38,353 | 44,176 | |
| CURRENT ASSETS | ||||
| Cash at bank and in hand | 52,050 | 51,846 | ||
| Debtors | 1,539 | |||
| CREDITORS | ||||
| Amounts falling due within one year | 8 | (3,030) | (2,670) | |
| NET CURRENT ASSETS | 49,020 | 50,715 | ||
| TOTAL ASSETS LESS CURRENT | ||||
| LIABILITIES | 87,373 | 94,891 | ||
| LONG TERM LIABILITIES | ||||
| (80,400) | (80,400) | |||
| NET ASSETS | 6,968 | 14,891 | ||
| FUNDS | ||||
| Unrestricted funds | 6,968 | _ | 14,891 | |
| TOTAL FUNDS | 6,968 | 14,891 |
The financial statements were approved by the Board of Trustees on 15[th] July 2025 and were signed on its behalf by:
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Bridge End Outdoor Centre SCIO
Statements for the Year Ended 31
October 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.
2. CHARITABLE INCOME
| 31-Oct-23 £ Accommodation 17,504 Pitch hire 1,285 Donations - Marina 15,909 Other - 34,698 |
31-Oct-22 £ 27,051 6,130 451 7,117 - 40,749 |
|---|---|
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Bridge End Outdoor Centre SCIO
Detailed Statement of Financial Activities
for the Year Ended 31 October 2023
3. INVESTMENT INCOME
| NVESTMENT INCOME | ||
|---|---|---|
| 31-Oct-23 | 31-Oct-22 | |
| £ | £ | |
| Turbine income | 11,823 | 0 |
| Interest income | 367 | 49 |
| 12,190 | 49 |
4. EXPENDITURE ON CHARITABLE ACTIVITIES
| Administration Bank charges Cleaning Crown estate Depreciation Insurance Light and heat Marketing Postage and stationery Rates and water Repairs Sundries Telephone and internet NVESTMENT ACTIVITIES Turbine maintenance Depreciation OVERNANCE regonning and Co Ltd |
31-Oct-23 £ 5,356 118 2,166 84 - 6,259 5,747 1,425 - 426 19,170 491 1,754 42,996 31-Oct-23 £ 5,271 5,823 11,094 |
31-Oct-22 £ 2,463 131 846 34 232 3,098 7,952 780 56 442 8,617 1,682 1,458 27,791 31-Oct-22 £ 5,823 5,823 31-Oct-22 £ 720 720 |
31-Oct-22 £ 2,463 131 846 34 232 3,098 7,952 780 56 442 8,617 1,682 1,458 27,791 31-Oct-22 £ 5,823 5,823 31-Oct-22 £ 720 720 |
|
|---|---|---|---|---|
31-Oct-23 £ 720 |
||||
| 720 | 720 |
5. INVESTMENT ACTIVITIES
6. GOVERNANCE
Tregonning and Co Ltd
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Bridge End Outdoor Centre SCIO
Detailed Statement of Financial Activities for the Year Ended 31 October 2023
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2023 (2021: nil).
8. TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 October 2023 (2021:nil).
9. TANGIBLE FIXED ASSETS
| Plant and | Fixtures and | Fixtures and | |||
|---|---|---|---|---|---|
| machinery | Fitting | Totals | |||
| £ | s | £ | |||
| £ | |||||
| COST | |||||
| At 1 November 20212and 31 October 2023 | 73,290 | 2,039 | 75,329 | ||
| DEPRECIATION | |||||
| At 1 November 2022 | 29,114 | 2,039 | 31,153 | ||
| Charge for year | 5,823 | - | 5,823 | ||
| At 31 October 2023 | 34,937 | 2,039 | 36,676 | ||
| NET BOOK VALUE | |||||
| At 31 October 2023 | 38,353 | - | 38,353 | ||
| At 31 October 2022 | 44,176 | - | 44,176 | ||
| 10.DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31-Oct-23 | 31-Oct-22 | ||||
| £ | £ | ||||
| Other debtors | - | - | |||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31-Oct-23 | 31-Oct-22 | ||||
| £ | £ | ||||
| Trade creditors | 3,030 | 2,670 | |||
| 3,030 | 2,670 |
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Bridge End Outdoor Centre SCIO
Detailed Statement of Financial Activities for the Year Ended 31 October 2023
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2023 other than listed below:
One trustee received expenses reimbursement of £630 for expenses incurred on behalf of the charity. All expenses are supported by receipts and the expenditure was approved in advance.
Four trustees, held berths at the marina operated by Bridge End Outdoor Centre. These berths were rented on an arm’s length basis on the same terms and conditions as other berthholders, and the trustees in question fully declared their interest.
13. CONTINGENT LIABILITY
The charity had previously been registered for VAT, however in April 2022 the Trustees decided that this would not longer be in the best interests of the charity and decided to deregister. Recent correspondence from HMRC indicates that the deregistration was not processed with HMRC, although VAT filings have been made since March 2022.
The charity has written to HMRC to acknowledge the situation, and also to request that the VAT registration be backdated to April 2022.
In the event that HMRC decline this request there is a potential VAT liability of £9,746. If this liability crystallizes, it will not crystallize until the 2024/25 financial year, and expected surpluses from both the 2023/24 and 2024/5 financial year will more than cover this liability, and the charity will remain solvent.
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