## **REGISTERED CHARITY NUMBER: SC016805** Bridge End Outdoor Centre SCIO Report of the Trustees and Financial Statements for the Year Ended 31 October 2024 Bridge End Outdoor Centre SCIO Contents of the Financial Statements for the Year Ended 31 October 2024 ||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 2024 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** We made improvements to the Outdoor Centre including laying a new floor in the porch and kitchen as well as renovating one of the bathrooms and installing a new smart TV in the lounge. Marketing showed significant improvements to the website including an online booking system and a QR code payment system for the caravan and campsite as well as new signs throughout. We saw significant community engagement with the local Brownies, Ability Shetland and Primary schools staying at the centre. We were the residential home for both the Summer Soccer School and a Canoe Symposium. We also hosted get togethers for local extended families and Birthday Parties. For the future we have recognised that we need to do a complete refurbishment of the so far unrenovated areas of the centre including repainting and carpeting. We have allocated the winter months for this and have agreed to budget for this in next year’s accounts. Page3 Bridge End Outdoor Centre Report of the Trustees for the Year Ended 31 October 2024 ## **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. ## **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** D Robertson Chairman J Anderson D Coe C Nicolson N O'Rourke R Tulloch Approved by order of the board of trustees on 15[th] December 2025 and signed on its behalf by: ## _David Coe_ D Coe - Trustee Page4 Bridge End Outdoor Centre Independent Examiner's Report to the Trustees of Bridge End Outdoor Centre SCIO I report on the accounts for the year ended 31 October 2024 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 (as amended). 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 - to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and - 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. Martin Tregonning Tregonning and Co Ltd Staney Brae Dunrossness Shetland ZE2 9JZ 9[th] December 2025 Page 5 Bridge End Outdoor Centre SCIO |Statement of Financial Activities
for the Year Ended 31 October 2024

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-24
Unrestricted
fund
£
45,095
5,070
**50,165**
43,246
5,823
840
49,909
**156**
81,618

**81,674**|31-Oct-23
Total
Funds
£
34,698
12,189| |---|---|---| |||**46,887**
42,996
11,094
720| |||54,810| |||**(7,923)**| |||89,541| |||**81,618**| Page 6 Bridge End Outdoor Centre SCIO |Balance Sheet|||| |---|---|---|---| |At 31 October 2024|||| |||31-Oct-24|31-Oct-23| |||Unrestricted|Total| ||Funds|Funds|Funds| ||Notes
£|£|£| |**FIXED ASSETS**|||| |Tangible assets|6|33,346|38,353| |**CURRENT ASSETS**|||| |Cash at bank and in hand||31,009|52,050| |Debtors||14,000|| |||45,009|52,050| |**CREDITORS**|||| |Amounts falling due within one year|8
(2960)|(2960)|(11,213)| |**NET CURRENT ASSETS**||42,049|40.837| |**TOTAL ASSETS LESS CURRENT LIABILITIES**|||| |||75,395|79,170| |**LONG TERM LIABILITIES**|||| |||-|-| |**NET ASSETS AND NET UNRESTRICTED FUNDS**||75,395|79,190| The financial statements were approved by the Board of Trustees on 15[th] December 2025 and were signed on its behalf by: ## _David Coe_ D Coe -Trustee Page 7 Bridge End Outdoor Centre SCIO Statements for the Year Ended 31 October 2024 ## **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 ## **Marina Deposits** Marina berth holders are issued a non-transferable license for the use of their berth. Berth-holders pay a non-refundable deposit at the start of their license, which are treated as income in the period that they arise and form part of the charity’s brought forward reserves in subsequent periods. If a license is surrendered and the berth in question is relet, a new deposit will be taken from the new berth-holder. If the new deposit is equal to or greater than the previous deposit held for that berth, the charity will reimburse the previous berth-holder with an amount equal to their deposit, and any excess will be treated as “other income”. If the new deposit is less than the previous deposit held for that berth, the charity will reimburse the previous berth-holder an amount equivalent to the new deposit, and no surplus or deficit shall arise. The deposits are not refundable in the normal course of operations, they hold no due date or interest obligations, and do not constitute a liability in the event of the winding up the charity. ## **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. Page 8 Bridge End Outdoor Centre SCIO ## Detailed Statement of Financial Activities for the Year Ended 31 October 2024 |**2.**
**CHARITABLE INCOME**
Accommodation
Pitch hire
Donations

Marina
Other
**3.**
**INVESTMENT INCOME**
Turbine income
Interest income
**4.**
**EXPENDITURE ON CHARITABLE ACTIVITIES**|31-Oct-24
£
30,392
1,613
580
12,510
-
**45,095**
31-Oct-24
£
4,551
519
5,069|
|31-Oct-23
£
17,504
1,285
15,909
-
**34,698**
31-Oct-23
£
11,823
367
**12,190**| |---|---|---|---| ||||| |Administration
Bank charges
Cleaning
Crown estate
Depreciation
Insurance
Light and heat
Marketing
Postage and stationery
Professional fees
Rates and water
Repairs
Sundries
Telephone and internet|31-Oct-24
£
4,410
67
3,005
100
237
12,107
6,105
2,160
83
600
905
11,658
135
1,675
**43,246**|31-Oct-23
£
5,356
118
2,166
84
6,259
5,747
1,425
-
426
19,170
491
1,754| |---|---|---| |||**42,996**| Page 9 Bridge End Outdoor Centre SCIO ## **5. INVESTMENT ACTIVITIES** |Turbine maintenance

Depreciation|31-Oct-24
£
-

5,823
5,823|31-Oct-23
£
5,271
5,823
11,094| |---|---|---| ## **6. GOVERNANCE** |Tregonning and Co Ltd|31-Oct-24
31-Oct-23
£
£
840
720
**840**

**720**| |---|---| ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 October 2024 (2022: nil). ## **8. TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31 October 2024 (2023: nil). ## **9. TANGIBLE FIXED ASSETS** |Plant and
Fixtures and
machinery
£
Fittings
£
**COST**
At 1 November 2023
73,290
2,039
Additions
1,052
At 31 October 2024
73,290
3,091
**DEPRECIATION**
At 1 November 2023
34,937
2,039

Charge for year
5,823
236
At 31 October 2024
40,760
2,275
**NET BOOK VALUE**
At 31 October 2024
32,530
816
At 31 October 2023
38,353
-|Totals
£
75,329
1,052| |---|---| ||76,381| ||36,976
6,069| ||43,035| ||33,346| ||38,353| Page 10 Bridge End Outdoor Centre SCIO Detailed Statement of Financial Activities for the Year Ended 31 October 2024 ## **10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Prepaid expenses
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accrued Expenses
|31-Oct-24
31-Oct-23
£
14,000
£
-
31-Oct-24
31-Oct-23
£
£
359
2,960
3,030
3,319
3,030|31-Oct-24
31-Oct-23
£
14,000
£
-
31-Oct-24
31-Oct-23
£
£
359
2,960
3,030
3,319
3,030| |---|---|---| |||3,030| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 October 2023 other than listed below: Four trustees, C Nicolson, D Coe, D Robertson, and R Tulloch 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 no 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 £15,704 (2023: £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. Page 11