The Plac TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NUMBER SC018055
The Place Charlty Inlormatlon Charlty Name and Number The Place: Registered Charity Number- SC018055 Independent Examlner Accuquin Ltd Torbreck Mill Street Dingwall IV15 9PZ
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The Place Independenl Examlners Report I report onthe accountsfoithe sear ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, and the related notes to the accounts. Responslbllltes ol the Charlty Trustees The charitys trustees are responsiblefoi the preparation of the accountswhich give a Irue an(J fair view and comply with trie Charities and Trustee Investment(Scottand) Act 2005 andthe Charities Accounts {Scotlandl Regulations 2006. The Charity'strustees considerthat the audit iequirernent of Aegulation 10(I)(dl of theAccounts Regulations does notapply. Basis ot Indpendent examlner's statement My examinatlon Is carried oui In accoraance wlth Regulatlon li of Ihe 2006 Accounis Regulations. An examination includes a review of the accountingrecords kept t)ythe charity and a comparison of the accounts presented with those records. It also includes explanalions from trustees concerning any sLch matters. The procedures undertaken do not provide all the evidence thatwould be required in an audit and. consequentty. I do rK)t express an auditopinion on the Mew given by the accounts. Independent examlner's statement In the courseof my examination. no matterhas come to myattention. l. Wnlcn gives me reasonatsle cause to beknvethat in anymaterial respectthe requirements: -to keep accounting records in accordance with section 44111{al of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and -to prepare accounts which accord with the accounting records and complywith Regulation 9 of the 2006 Accounts Regulations. have not been rnei. or 2. towhlch, In my opinion. allentlon shoulo be drawn in oraerio enable proper unoerstanding of the accounts to be reached. Slgned: Name: Relevent Professlonal Date: I l Luz body: Address: A550ciatioll ofAccountingTechnicians {AATI TorbrecK Nill Street Dingwall IV15 9PZ
The Place Balance Sheet as at 31 March 2025 Notes 2025 2024 Flxed Assets Fixtures & Fittings Plant & Machinery Motorvehicles 3,701.93 3,701.93 Current Assets Cash at bank 28,144.00 28,144.00 21,350.00 21.350.00 Current Llabllltles Loans HMRC PAYE Accruals and deferred income 9,500.00 6.585.76 7,171.50 23.257.26 14.090.00 5.000.00 27,357.00 46,447.00 Net Assets 8.588.67 25,097.00 Funds As at start of year Surplusl{Def icit) for year Carried forward 25.097.00 33,685.67 8,588.67 19.090.00 6,007.00 - 25.097.00
The Place Statement of Financial Activltes for the year ended 31 March 2025 Unrestrlcted Funds Restrlcted Funds Income Total 2025 Total 2024 Grants Donations Income f rom f undraising activities Rental Income 69531.99 185.821.15 255.353.14 10.220.00 14.524.32 11,747.00 291844.46 208221 23057 4252 10220 14524.32 11747 7736 106023.31 185821.15 243266 Expendlture Expenses for fundraising activities Trips & Events Wages, Nl & pension Rent. Rates & Insurance Subcriptions Consumables Bank charges Telephone and Internet Repairs Independent examiner Professional fees 28849.25 11222.99 29014.28 12782.84 28.849.25 11.222.99 170,199.45 25.901.84 926.72 97012 18938 122656 141,185.17 13.119.00 15997 926.72 14403.82 415.2 503.35 4876.17 452 14,403.82 415.20 503.35 4.876.17 452.00 408.00 13760 408 103854.62 154304.17 258,158.79 268363 Surplusl(Deflclt) foryear 2168.69 31516.98 33685.67 -25097 Reconclllatlon of funds Totalfunds brought forward Total funds carried forward -52015 -49846.31 26918 584134.98 -25097 8.588.67
The Place Notes to the Accounts loryear ended 31 March 2025 l Trusiees Remuneratlon and Related Party Tran5actlons No Tiustee received any remuneration duringthe year. Duringthe financialyear, the charty received a loan fro who is a trustee of the charity. The loan was provided lo support cash flow while awaitiig a grant paymenL Amount ol loan advanced: £12,500 Interest terms: Interest f ree Repayment terms: Repayable as agreed by the trustee and charity Balance outstanding atyearend: £5,100 The loan was approved in accordance with the charitys governing documents and the irustee dld not take part In the decislon-making process relatingto the agreement ol the loan. No other benefits were providedtothe trustee in connection with this transaction. 2 Flxed Assets Flxtuves & Ffttlftgs Cost As at l April 2024 Additlons Oisp)saLs As ar31 March 2025 3701.93 3701.93 N8Vat31 March2025 NBVai31 Maich2024 3701.93 3 Movement In Funds As at Income Expenses 01.Apr.24 Asat 31-M•r-25 Unrestrl¢¢d Fundg -52015 106023 103855 -49847 Restrlcted FuTrds 26918 185821 154304 58d35 Total Funds -25097 291844 258159 8588
The Place Notes to the Accountsfor year ended March 2025 4 Deferred Income- Grants Recelved In Advance Deferred income relates to grant funding received in theyearwhich relates to activities taking place in future financial preiods. In accordance with the Charities SORP IFRS 102}, incoem is deferred where the charity has not yet metthe conditions attachingto the fundingof where the tunding relates to future periods. The income will be released to the Statement of FinancialActivities when the conditions have been met and related activities take place. Balance at l April 2024 27,357 Grants received in the yearand deferred 6,972 Released to income in theyear -27.357 Balance at 31 March 2025 6,972 Analysls of year-end deferred Income At theyear end the balance relates tothe following grants received in advance, both of which relate to staff costs to be incurred in the nextfinancialyear: National Lottery Community Fund- £5,555.50 Highland Counciil- £1,416 Total deferred income £6,971.50
attached report as accurate and correct, with regards to The Place.
23/01/2026
Previous Interim Chair of The Board of Trustees for The Place