REGISTERED CHARITY NUMBER: SC018014 OSCR TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 FOR ROYAL BRITISH LEGIOP4 SCOTLAND PAISLEY COMRADES BRANCH Milne Craig CharteTed A¢countanrs Abercom House 79 Renfrew Road Paisley Renfrewshire PA3 4DA
ROY AL BRITISH LEGION SCOTLAND PAISLEY COMRADES BRANCH CONTENTS OF THE FINANCIAL STATETrIENTS FOR THE YEAR ENDED31 OCTOBER 2023 Pag¢ Tru5tees' Report I to 2 Independent Examiner's Rtport StaterneNt ofFinaDcial Aetlvitie5 B&lance Sheet Notes to the FlnaDcial Statements 6 10 13
ROYAL BRITISH LEGION SCOI"LAf4D PAISLEY COMRADES BtL4NCH TRUSTEES, REPORT FOR THE YEAR ENDED31 OCTOBER2023 The trustees present theiT annual th]siees' report together with the financial statem¢nts of the charity for ihe year ending 31 October 2023. Tliv finlwiial sthremenis comply wilh the Charities and Trustee Investment (Scotlandl Aci 2005, the Charities AOUnts (Scotlandl Regulations ?006 1&5 amended), the charity's goveming docutnent, and A¢¢ountln8 and Reportin¥ by Charitles.. Statement of Recommended Pn¢tice applicable ¢0 ¢haritie5 preparing IheiT accounts in ac¢ord3Ce ivith the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 0ECTIVEs AND ACTIVITIES Objectives and 9tm$ The object of the charity is to hold funds in tn]st for chaTitable purpose5 as the Trustees in their discretion may from time io time determine and in particulaT, but wiihoui PTejudice. the generality of the foregoing. for the following purposes'.- To benefit needy members and childTen of ex Servicemen or woJt>e IDve5tment powers The Trnstees have wide discTetion in matters of investment. Invesrments are made in lern)s ofthe Constitution. ACHIEVEMENT AND PERFORMANCE Charitable gttivlties The Branch continues to operate a Branch Club in accordance with Rule 17 of the Constiwtion of The Roya] British Legion Scotland with ordinary memb¢Tship being conferred on Ordinary and Life Members of the Branch. FINANCIAL REVIEW Financial position The financial deficit of the Brch for the year amounted to £10.58512022.- £21,568). R¢$¢r¥es policy Tt 15 the policy of the BTanch lo hold a level of free Teserves wht¢h will at a rninimum twelve months of expenditure. The reserves policy i5 reviewed annually. FUTLRE PLAINS The Branch CoTnmittee actively seek to increas¢ membership and maximise the income of the Branch and Club. STRUCTURE. GOVERNANCE AND MANAGEMENT Coverning dotumetht The charity is Controlled by ils govetning dKument, a deed of trust and ¢ot)silt¢S an unincoryoraied charity. The Roy21 British Legion Scotland Paisley Comrades Branch formed in aecotdan¢e with Rule 16 of ihe Constitution of the Royal British Legion S¢otlatLd Irevised 20091. The activities of ihe Branch are govemed by the Constitution of the Royal British Legion Scotland. The Brdn¢h is a Scottish Charity having the reference SC018014. R¢¢ruitmeDI And gppoixtment of new tru$tees The Con5tituiion provides for the appointment of a committee elecied frotn memb¢rs of thr Branch in geneTal Tnceting. OrgaDi5AtioDal strueture The Branch Ts administered by a Branch Committee ¢on5i5tin8 of the OtT¥ceTS and such additional members as the Branch Considers neSsary. The duty of the Branch Committee 15 to exercise a controlling oversight over the affairs of the BTat]ch and to cany out any direction given io li by the Branch. In addition io the Annual Genero1 Meeting, the Committee rnet several times dunng the year to transact business. Page I
ROI'AL BRITISH LEGIOP SCOTLAND PAISLEI. CO,MJL4DES BRANCH TRiISTEES' REPORT FOR THE I'EAR LNDED 31 OCTOBER 2023 STRUCTLRE, GOVERNANCE AND WAGEMENT InduclioN and trAiThillg of new trustte$ N¢M' committee niemb¢rs are giY¢n a LX)py of The charit) s ¢onsiiiulion which lay5 Qut the exrtttations of the roles of each officer. Risk ma%ement l-ht trustees have a duri io ideniify and review the ri8ks to w'l)ich the charifj. is exposed and to ensure appropriate controls are in place to provide reasonable &gburan¢e against fraud and ertQT. REFEREhCE AND ADMINISTRATIVE DETAILS Regislered Charily nurnbtr sc018014 PrSDclpg1 Mddrt55 Trusrees n¢ raig Ch3rfeied Accountants Abercorn Hou 79 Road Paisley Renfrewshire PA3 4DA Approi'ed bv Order of the b(ard of ffi15tee* 12 January 2024 and signed on its behaifby: Tru51ee Page 2
INDEPENDENT EXA.MINER'S HIPOR'r'rc) THE TRIISTEES OF ROY.4L BRITISH LEGiOli SC(YrLAD PAISLEY COMRADES BILAPICH I report the accoums for the year eTh4ed 31 O¢tober 2023 se¢ out on pa8es four to thirtECll. Rtspeetive re5ponihililie5 of irustees and examiiier The chariry s trustees are Tespon%Thle for Ilie prep8r¥rtion of the accwnis in a¢coTdance with Ihe teTrnS of the Choritie5 and Twstee Ivc51Ment IS¢oilandl Act 2005 and the Chafilies AcLuvnly (Scotlandl Regulations 2006 (as amended). The ehaTity's tStee5 consideT ihal the audit requirement of R¢gulatioii 1011 Kal lo {¢} of the Accounts Regulations does not dppl>. li is Tn). Tesponsibility. TO examine the a¢courts &$ requird under Seclion 4411 11¢) of the Aci 2nd lo 51aie whether Pgrti¢ular matters haw¢ come io my attention. Ba$15 of the independent exthminer's report examination was carried oui in accordance with Regulation I l of the Charities A¢counLs Iscoilandl Regulations 2006. An txdrnination includ¢s a Itview of rhe accounting records kept bs thc ¢harity and a comparison of the accounLS presei)ted willi Ihose r¢Lurds. Ir also includes consFderaiion of any UDusuai iiems or discli)SUTe5 tn the accounts. amd seek.ing explanations froin you Iru51tes coneerning an), such matters. The procedures undertsken do not PTovidc &ll thL cvidcnff that would be Tequired In an audit, and consequenily I do not express an audit opinion on the view given by the accounts. Indepeudent examintr's statement In connection with rnv examination. no matter has COME to rny &lleniion: {11 which giv¢s me iea5onable ¢ause to bclieve that, in any material respe¢4 the reguiremenls io keep accounting CordS in accordante wkth S¢¢iion 44(1 Ila) of the 2005 Act Regulation 4 of the 2006 .4cco)unts Regulations. and to prepare accounts which accord with the counting records attd to comply with Regulation 8 of the 2006 Accounts R¢gulations have not been met., or 121 to ivhich. in my opinion, attention sliould Ft drJMm in QTIFer to enable a proper widerstw]ding of the attount5 to be reache Milne Ltai(T Chartcred AOUntantS Abercorn Housc 79 Renfrew Koad Paisley Renfrcwshire PA.1 4DA 12 Januarv 2024 Page 3
ROYAL BRITISH LEC.ION SCOTLAND PAISLEY COMRADES BRANCH STATEMENT OF FINAISCIAL ACTlVtTIES FOR THE YEAR ENDED31 OCTOBER 2023 2023 Total nds 2022 Total funds Unrestricted fund Restricted fund No*S INCOME AND ENDOWMENTS FROM Charit4ble gctivities Pipe Band Member5 Sub5CFiPtions 2.779 14,461 2,779 14,461 1,660 17,192 Investment income Other income 13,614 3,230 13,614 3.230 9,689 237 Total 34,084 34.084 28,778 EXPENDITURE OY Charitable activilies Pipe Band Donaiions and benevol¢nce Members Subscriptions Administralion Govemance 3,430 1.448 10,272 22.1gK> 2,410 3,430 1,448 10,272 22.190 2.410 2,437 4.981 10.318 25,350 2.340 Other 4.919 4.919 4,920 Total 44.669 44,669 50,346 PIET INCOMEIIEXPENDITUREI 110,5851 1105851 121.5681 RECONCILIATION OF FUNDS Total fvnds brought forw2rd 754,633 754.633 776.201 TOTAL FUNDS CARRJED FORWARD 744,048 744.048 754.633 The notes foTtn part of these finan¢ial statements Page 4
ROYAL BRITISH LELION SC.'C)TLAND PAISLEY COMRADLS BRA,NCH BALAIYCE SHEET 31 OCTOBER 2023 Unrestricted fwid Restrithed fund Total Tothl fitnds Noies 'IXLD ASSETS Tangible #$5Cts Investmenis 431,864 100.000 431,864 IOC>,000 436.783 I,000 531.864 531,864 536,783 C.ITRRENT ASSETS Debtors Invesbnenis Ch al bank 398 164.814 50221 398 164_814 50.2?1 540 163 (J94 57.683 io 215.433 215,433 221217 CREDITORS Amounts falling due wiihin on¢ yeEr 13.249 13,2491 14J67 YET CURRENT ASSETS 212.184 212,184 217,850 TOTAL ASSETS LESS CURRENT LJABJLITIES 744,048 744.048 754,633 NET ASSETS 744,048 744.(H8 754.633 Llnre5tricted fund 744,048 754,633 TOTAL FUNDS 744.048 754,633 The fthancial statements were approved bv the B(Erd of Tnjsiees and ahonged for issue on 12 January 2024 and were signed on It5 beliJll- b Trustee The noi¢s forni of these fJnan¢ial stsi¢mEnts Page 5
ROYAL BRITISH LEGION SCOTLAND PAISLEY COMRADES B114NCH NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED31 OCTOBER2023 ACCOU'T]NG POLICIES B95is of pr¢pgring th¢ finADcial staternents The fjnancial ststements have been prepared in accordance with Accouniing and Reporting by Charities: Staiement of Recommended Practice applicable io charities preparirjg their account5 in accordanL¢ willi the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRSI 021 leffective l January 20191 Icharities SORP IFRS 1021 and the Financial Reporting Standard appli¢able in the UK and Republic of Ireland {FRS 1021. The Royal British Lesion Scotland Paisley Comrades Branch meeis the definiiion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised ai histOTical ¢ost or transaction value unles5 otherwise ststed in the relevant accounting poli¢y notelsl. Fingncial reporting 5t¥od8rd 102- reduted diselosure exemptions The ¢harity has taken advantage of the following disclosure exemptions in PTeparing these financial statements, &8 permitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Tland,. the requirernenis of Section 7 Statement of Cash Flows. Preparation of *¢¢ounts a going eonttrn basi5 The trustees consider that there are no mateTiaS llncertainlies about the charity's ability to continue as a going concem. There were no significant areas of adjustment and with respect to the nexl reporting period, no significant area5 of uncertainty. Aecounilng judgements and Sources of estimation uneertainty In preparing ihese financial statements, the trustees have made the followng judgements.. Tangible fixed assds are depreciated over their useful live5 taking it]to account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a nwnber of factors. In re-assessing asset lives, factors such technological innovation. produci Isfe cycle5 and maintenance programmes are taken into account. Residual value a55essments cons¥d¢T issues such &s future market conditions, the remaining life of the asset and Projected disposal values. Assets are lonsidered for indications of impaimient. If required an irnpaimient review will be carried out and a decision made on p055ible impairnient. Factors taken into consideration in reaching such a decision include the economic viability and expected future finan¢tal perfomance of the asset and where it 15 a component of a larger ¢ash-generatittg unit, the viobility and expected fviure performance of that unit. Income Income 15 Te¢ognised when the charity h&s entitlement to the funds, any perforniance Conditions atta¢hed to the iternlsl of income have been mei, it is probable that the income will be rèceived and the amount Cgn be meurEd reliably. Donaiions, are Te¢ognised when the charity has been notifjed in TItIng of both ihe amount and s¢ttlem¢nt date. In the event that a donaiion is subject io conditions that require a level of ptrtorman¢e belore the Ch]ry is entitled to the funds, the income is deferred ond not re¢ognised until either those conditions are fully mei or the Ifilment of th05¢ conditl0ll5 is wholly within the control of the chlty and it is probable that those conditions will be fulfilled in the reporting period. Legacy gifts are recogru5ed on a case by c&8e basis following the graniing of probate when the admini5ttaiorlexecutor for the estaie communicated in writing both ihe aTllOUllt and settlement date. In ihe event that the gift is in the fomi of an asset other ihan cash or a fJTCIal asset traded on a Tecogni5ed Stock exchange, recognition is subje¢1 to the value of the gift being reliably measuTable with a degree of reasonable accuracy and the title io the &sset having been transferred to the charity. Income from government and other granls, whether 'capital' grants or 'revenue' grants, is OgniSed when the charity has ¢ntitlemeni io the funds, any perforniance conditions attached to the grants have been meL il IS probable th the incorne will be received and the amount can be rneUTed reliably and is not deferred. Page 6 continued...
ROYAL BWTISH LEC.ION SCOTLAND PAISLEY COMtL4DES BtL4NCH F40TES TO THE FINANCIAL STATEP+lENTS- cotttinued FOR THE I'EAR EP*DED 31 OCTOBER 2023 AcCOuTING POLICIES- ¢ontinued Ineorne Dividends aTe recognised once the dividend h8s been declared and notification has been rettived of the dividend due. This is noTmally upon notifi¢ation by our investtncnt advisor of the dividend yield of the investment portfolio. Intertsl on funds held on deposit is included when receivable and the amount can be measured ¥eliably by the charity, this 15 normally upon notifEcation of the interest paid or payable by the Bank. Rental income is included in the period in which it is eamed. Other irtcome represents those items noi falling into any oiher heading. Expenditure Expenditure is recognised once theTe is g legal or constructive obligation to make a payment io a ihiid paty, it is probable that settlement will be requiTed and the amount of the obligation can be measured reliably. Expendilure is classified under ihe following aciiwty headings.. Expenditure on charithble activities tncludes the costs of activities undertaken to rther the purposes of the charity and their associated 5UPPOrt costs. - Other expenditUTe represents those items not falling into any other heading. ITrecoverable VA T is charged as a ¢osi against the activity for which the expenditure was incurred. Allocation of support costs Support costs are those functions that assist th¢ work of the charity but do not directly llndenake charitable activities. Support costs include back offi¢e Cl15, finance, personnel, payroll and govemance costs which support the charir) s programmes and a¢iivilies. These ¢osts have been lOcate(j to expendit on ¢haritable activities. Ca5b at bank #nd ID hand Cash ai bank" and cash in hand includes cash and short temi highly liquid invesimenis with a short maturity of three rnonths or less from the date of acqui51tion or opening of the deposit or similar account. Tangible fixed Asset$ Freehold propeTty is not depreciaied a5 it 15 considered io be an Inveskneni PrortY defined by the FRS 102. However. the property not been reva]ued in accordance with the Tel¢vant accouniing standard in view of the cost implication to the charity. Depciall0 is provided ai the following annuaj rate5 in order io write off each &sse¢ over its e5timaied useful Integral feawres- IOQ/D strdight line Fund gccountiDg Unrestricted fLJnds are available 10 spend on activities thai further any of Ihe pulposes of charity. Designated funds are unrestricted fwids of the charity which the trustees have decided at their discraion to set aside io use for a specific purpose. Restricted fidS are donations which the donor ha5 Specified ao to be solely used for particular areas of the charity's work. FlnaNcial instrumtt)ts The Charity has elected to apply ihe PTovision5 of Section I I 'Basic Financial Instruments, and Section 12 ' Other Financial Instrutnents Issues. of FRS 10? lo all of its financial instnjments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the controciual PTOV15ions of the instrument. Page 7 ¢oniinued...
ROYAL BRITISH LEGION SCOTLAND PAJSLEY COMRADES BRANCH NOTES TO THE FINANCIAL STA TEMENTS- continued FOR THE YEAR ENDED 31 ocfoBER 2023 ACCOUNTING POLICIES. contlnued Financial iDstruments Finan¢ial assets and liabilitiC5 are offset, with the net amounts presented irt the financial stsiements, when there is legally enforceable right lo sel off the recoBni5ed amounts and there is an inrention to settle on a n¢t b&%is or to realise the asset and settle the liability simulteneoysly. Basic financial assets Basic financial assets, whi¢h include debiorn and cash and bank balance5. are initially measured at transactiorb price including transactions costs and are 5ubsequelltly ¢aTried ai amortised cosi ustt)g the effective illterest method unless the arrangement constitutes a firkancing transaction. where the transaction is measur¢d ai ihe present value of the furuTe receipts discounied at a market rate of interest. Financial a55els cl&85ified a5 re¢¢ivable within one year are not aTnorti5ed. Dereco ition of fjnancial assets Finan¢ial assets are derecognised only then the contractual rights to the cash flows from ihe asset expire or are settled, or when the charity nSfer5 the financial assei and substantially all the risks and rewards of ownership to another entity, or if some Significant risks alld TewaTds of owiership are retsined but control of the asset ha5 ttanslerred to atjoiher paty that is able to s¢ll the &ssel in its entirety io an unrelated third party. ClassifJ¢ation of_fjnanci Financial liabiliiies and equity instrum¢nts are cl&ssified according to the substance of the contractual arrangemtnts entered into. An equity instrutnent is any ¢ontract thai eviden¢es a residual interest in the assets of the chority after d¢du¢ting all of its liabilities. Basic financial liabilitie5 Basic financial liabiliii¢S, in¢luding creditors, are initially reco8nised at transaction price unless the arrangement constitutes a financing transaction, where the debi instrument is measured at the present value of the future payments discounted at a market rate of interest. FitwJcia] liabilities classified as payoble within one year are not aTnortised. Pellsions The charity operate5 a defined contribution pension scheme which is managed by The Peoples Pension. ContributÈons payable to the charity's [15]0 scheme are charged to the Staiemeni of Finan¢ial Activiiies in th¢ period to which they relate Debtors Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valved at the amount prepaid net of any discounts due. Creditors and provision5 Creditors and provisions are recognised where the charity ha5 a present obligation resulting from a pasr ev¢nt that will PTobably result in the transfer of fimds io a third paty and the amount due to settle the obligation can be rn8red or estimated reliably. Crditors and prov55ions are nomially rewgnised * their settlement amount after allowing for any discounts due. Page 8 continued...
ROI'AL BRITISH LEGION SCOTI.AND PAISLEY COMRADES B114NCH iYOTES TO THE FIYANCIAL STATEMEI%TS- ¢o]Jtlnued FOR THE YEAR ENDED31 OCTOBER2023 INVESTMENT INCOME 2023 2022 Rents received Inieresi received 9,996 3.618 1.355 13.614 9,689 SUPPORT COSTS GoveTnance Costs Management Fin8nce Tota15 Pipe Band Adminisiration GoveTE]ance 85 85 21,756 2,410 21,756 2,410 85 2.410 24.251 TRUSTEES, REMUNERATION AND BENEFITS There were no tru5tees' remuneraiion or other benefits for the year ended 31 O¢iobeT 2023 nor for the year ended 31 October ?022. Trustees expens¢s There were no trustees. ¢XLse5 paid for the year ended 31 October 2023 nor for the year ended 31 October 2022. STAFF COSTS The avenge monthly number of employees during the year was a5 follows.. 2023 2022 Administration No employees received emoluments in excess of £60,000. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Uniestrscted fund Restricied fund Total funds INCOMb ATrID ENDOWMENTS FROI¥I CharitAble 9ttivltles PÈpe Band MembeTS Subscriptions 1.660 17,192 1.660 17,192 Investment income her iTrne 9,689 237 9,689 737 Total 28,778 28,778 EXPEf*DITURE O Charitable activitie5 Pipe Band 2,437 2,437 Page 9 continutd...
ROVAL BRITISH LEGION SCOTLAND PAISLEY COMRADES BRANCH NOTES TO THE FINAISCIAL STATEMENTS- contillued FOR THE YEAR ENDED 31 OCTOBER 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- tODtinutd Unrestricted Restrictcd nd thd Totsl ftmds Donations and benevolence Members Subscription5 Administration GOVernaCe 4,981 10.318 25,350 2.340 4.981 10,318 25,350 2.340 4,920 4,920 Total 50.346 50.346 NET INCOMEI(EXPENDITURE} 121,568) 121,568} RECONCILIATION OF FUNDS Totsl funds brought forward 776,201 776.201 TOTAL FUNDS CARRIED FORWARD 754.633 754,633 TANGIBLE FIXED ASSETS FT¢ehold property Inte8ral feaiures Totals COST Al l November 2022 and 31 October 2023 396.436 49,175 445,611 DEPRECIATION At l November 2022 Charge foryesr 8.828 4,919 8.828 4,919 At 31 October 2023 13,747 13,747 NET BOOK VALUE At 31 October 2023 396.436 35,428 431.864 At 31 October 2022 396,436 40.347 436,783 FIXED ASSET INI'ESTMENTS 2023 2022 Other i(M),000 100,000 There wer¢ no investmeni assets outside the UK. InvesDnents Ineither listed nor unlist¢dl were as follow5.. 2023 2022 Investmenis 100,i)00 100,000 Page 10 coniinued...
ROI'AL BRITISH LEGION SCOTLAND PAISLEY COMRADES BIL4NCH NOTES TO THE FINAliCIALSTATEMEiYTS- contioued FOR THE YEAR EiYDED 31 OCTOBER 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Club loan Prepayments 417 123 398 398 540 CURRENT ASSET INVESTMENTS 2022 TeTm deposit a¢¢ount 164.814 163,994 CREDITORS: AMOUNTS FALLING DUE WITHIN OliE YEAR 2023 2022 Club Current account AccTua15 and deferr¢d income 1.377 1.872 2,444 1,923 3.249 4.367 12. MOVEMENT IN FUNDS Net movement in funds At lil 1122 At 31110123 Uttre5tricted fund$ General fi]nd 754,633 110,5851 744,048 TOTAL FUNDS 754,633 110,5851 744,048 Nel movement funds, included the above are &8 follows.. Incoming resources Resources expended Movement in llds Unrestrl¢ted fund5 Generaj fund 34,084 144.6691 110.5851 TOTAL FUNDS 34,084 144,6691 110,5851 Page 11 Continued...
ROYAL BRITISH LEGIO1% SCOTLAND PAISLEY COMRADES BIL4NCH IYOTES TO THE FIN.4NC.IAL STATEMEYTS- continued FOR THE YEAR EDED 31 OCTOBER2023 12. MOVEMENT IIY FUNDS- continued Compgratives for movemellt in funds Net movement in fund5 At At 31110122 Unrestricted fund$ General fvnd 776.201 121,5681 754,633 TOTAL FUNDS 776,201 (21.5681 754,633 Comparative net movement in fvnds, included in the above are as follows.. Incoming resources Rey)urc£5 expended Movement in funds Unrestritted funds General fund 28,778 150.346} 121,5681 TOTAL FUNDS 28,778 150,346) 121,5681 A Current year 12 months and Prior year 12 months combined positlOTi is as follows.. Net mtsvement in furtds At At 31110123 Uoresirlcted fund5 General fund 776,201 {32,1531 744.048 TOTAL FUNDS 776,201 132,153} 744,048 A current year 12 months and prior year 12 months combined net rnovement in filnds, in¢luded in ihe above a as follows.. Incoming resources Resources expended Movement UDre5trieted funds General fund 62,862 {95,0151 132,1531 TOTAL FUN'DS 62,862 {95,0151 {32,1531 Restricted funds relate to an1 monies received from Renfrewshire Council for the pUrChe of pipes and drums equipment. This grart¢ was fully spen¢ at the year end. Page 12 coniinued...
ROYAL BRITISH LEGION SCOTLAND PAISLEI, COMRADES BR4NCH NOTES TO THE FINANCIAL sTATEIENTS- continued FOR THE YEAR ENDED 31 OCTOBER 2023 13. RELATED PARTY DISCLOSURES During the yeaT the Royal BTltish Legion Scotlknd Paisley Comrades Bran¢h made interest free unsecured advances to the Ro>'al British Legion Scotland Paisley Comrades Club. The balance due io the club ai 31 October 2023 wa5 £1.37712022.. £2,444). The balance on the club loan from ihe ROYAI British Legion Paisley CoTnrades Brdn¢h at 31 October 2023 is £nil 12022.. £4171. Page 13