BONNYRIGG & SHERWOOD COMMUNITY DEVELOPMENT TRUST
ACCOUNTS FOR THE YEAR TO 31 MARCH 2024
BONNYRIGG & SHERWOOD COMMUNrrY OVIELOPMENTTRUST ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Management Committee Bankers Bank of Scotland 47 High Street Bonnyii68 EH22 IJA Independent Examiner
(2)
BONNYRIGG & SHERWOOD COMMUNITY DEVELOPMENT TRUST YEAR TO 31 MARCH 2024
Bonnyrigg and Community Development Trust is a charity (SC020174) ruled by it's constitution.
Objects of the Project
Bonnyrigg & Sherwood Community Development Trust has a Community Shop and the Objects of the Project are :-
We are a community body and one object is to run a charity shop, selling donated goods to the public and transferring profits to charities in the Bonnyrigg and surrounding area. We added a Tearoom in May 2023. The money raised was used to provide Grants to Christmas "Turning on Lights" event, Gullane Home, Bonnyrigg Rose Community Club - Lunch Club, Bonnyrigg Rose Athlete, Ageing Well Group, Pensioner hampers distributed through our local Churches. We also hosted Community Events in our Tearoom during the year
We continue to distribute clothing vouches through Grants from Corra Foundation. Lasswade High School and from our funds raised in the project. We were able to distribute these vouchers through Midlothian Primary School children for school uniforms.
Future plans for 2024 is the merger of our charity with Bonnyrigg After School Club.
Financial Review
The charity made a surplus of £ 11,704 for the year. This was due mainly to increased sales from the shop.
Responsibilities of Committee
The Constitution requires the committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the club and of the income and expenditure of the club for that period. In preparing these financial statements, the committee is required to:
-
select suitable accounting policies and then apply them consistently:
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in business.
Signed on behalf of the committee
……………………………………..
……………………………………..
BONNYRIGG & SHERWOOD COMMUNrrY DEVELOPMENTTRUST Ind•p•nd8nt Examiners Roport to th• Trusts•s I report on the acccmjnts ofthe projéct for th8 yaar 8ndad 31 March 2024 which aro set out onpage4&5. Respective responsibilities of trustees and examiner The charity trustees ale responsible for the preparation of the accounts in accordance with the terms of ihe Charities and Trustee Investment Iscotlandl Act 2(K15 and the Charities Accounts1Scotlandl Regulations 2006. The charity trustees consider that the audir requirement of RegulaiionlOIII Idl of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44111 I cl of the Act and to State whethei particul31 matters have cowne to my attention. Basis of independent examinerfs statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts Iscotlandl Regulaiion$ 2006. An examination includes a review of ihe accounting records kept and a compaiison of the accounts presented with those records. It also includes consideration of any unusual itern5 or di5c105ures in the aicounts and Seeks explanation5 from the trustees concernin8 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 audii opinion on the view 8iven by the accounts. Independent examiner's statement In the course of my examination. no matter has come to my aitention whiih gives me reasonable cause to believe that in any mateiial respect the requiretnents..
to keep accounting records in accordance wilh Section 4411) lal of the 2005 and Regulation 4 of the 2(K)6 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Re8ulation5 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. Date 23 Decewnber 2024
(4)
BONNYRIGG & SHERWOOD COMMUNITY DEVELOPMENT TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| INCOME | ||||||
| Shop Sales | 105,743 | 79,298 | ||||
| Tea Room Takings | 58,401 | |||||
| Donations | 45 | 205 | ||||
| Fund Raising | - | 375 | ||||
| Grants Received | (Note 1) | 3,380 | 8,750 | |||
| ______ | ______ | |||||
| 167,569 | 88,628 | |||||
| Expenditure | ||||||
| Wages | 40,561 | - | ||||
| Tea room Purchases | 35,888 | - | ||||
| Administration | 9,652 | - | ||||
| Rent and Rates | 9,532 | 9,402 | ||||
| Tea room rent | 6,000 | 7,000 | ||||
| Heat and Light | 7,369 | 2,155 | ||||
| Insurance | 1,229 | 413 | ||||
| Telephone | 1,032 | 638 | ||||
| Repairs | 3,712 | 4,139 | ||||
| Renovations to Tea room | - | 52,826 | ||||
| Equipment | 10,802 | 1,633 | ||||
| Travel expenses | 1,209 | 481 | ||||
| Cleaning | 1,602 | 1,483 | ||||
| Stationery | 255 | - | ||||
| Advert | 75 | - | ||||
| Subscriptions | 315 | 144 | ||||
| Accountancy Fees | 550 | 563 | ||||
| Professional Fees | 579 | - | ||||
| Bank Charges | 1,608 | 775 | ||||
| Sundry Expenses | 357 | 87 | ||||
| Grant Payments | 15,471 | 9,492 | ||||
| Sponsorship | 5,470 | |||||
| Gift Cards | 6,825 | - | ||||
| Volunteers vouchers | 600 | |||||
| Food Vouchers | - | 2,225 | ||||
| Christmas Gifts | 572 | 925 | ||||
| Clothing Vouchers | - | 10,735 | ||||
| ______ | ______ | |||||
| 155,795 | 110,586 | |||||
| ______ | ______ | |||||
| Surplus/(Deficit) for the year | 11,774 | (21,958) | ||||
| Opening Balances | 48,612 | 70,570 | ||||
| ______ | ______ | |||||
| Balances to be carried forward | 60,386 | 48,612 | ||||
| ______ | ______ | |||||
| Note 1 GRANTS |
||||||
| Lasswade High School Building Warrant | 3,380 | - | ||||
| Corra Foundation -clothing to community | - | 8,750 | ||||
| ______ | ______ | |||||
| 3,380 | 8,750 | |||||
| ______ | ______ |
(5)
BONNYRIGG & SHERWOOD COMMUNITY DEVELOPMENT TRUST BALANCE SHEET AT 31 MARCH 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| CURRENT ASSETS | ||
| Bank | 60,970 | 48,846 |
| Cash | 48 | 86 |
| ______ | ______ | |
| 61,018 | 48,932 | |
| CURRENT LIABILITIES | ||
| Sundry Creditors | 632 | 320 |
| ______ | ______ | |
| 60,386 | 48,612 | |
| ______ | ______ | |
| ______ | ______ | |
| Represented by: | ||
| Unrestricted Funds | 60,386 | 48,612 |
| Restricted Funds | - | - |
| ______ | ______ | |
| 60,386 | 48,612 | |
| ______ | ______ | |
| ______ | ______ |
Approved by the Trustees and signed on their behalf
………………………………………..
………………………………… Date