WE8T T•¢YIXIAW 50+ RXC¥ZPTS MD PAyiiiwf8 ACCOD FOR PARIOD RNDED 31ST JANUARY 2024 Char*ty auxb•r SC 024257
Paq• I IMDZPINDENT EXAIIXMER. S RIPORT TO THX TRTJSTKKS OF WEST LOThIAN S0+ IIVTKO YOR TIIK PERIOD ENDZD 3L 2024 I report on the f inaneial statement8 of the above charity for the perlod ended 31 January 2024 which comprise the Statement of Receipt8 and Paynents Pzcount and Statement of Balances and related notes to the account8. Ro8p•etlva re•pon6th*1It&•• oe trnstea• and Exa4ln•z Tre chariry, 8 trustees are responsible for the preparation of the accountg In accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iseotlandl Regulations 2006 las ameidedl . The charity, 8 trJstee8 consider chat the audlt requirement of Regulation 10 111 Idl of the 2006 Accounts Regjlations does not apply. It is rny responsibility to examine the accounts as required under section 44 111 Icl of the ACL and to state whether particular matter8 have come to attention. 3a#L8 Ot Iadap•nd•ne ZxaDan•r' S 8tat•n•nt examlnation ig carried out in accordance with Regulatlon 11 of the Charitles Accounts (Scotlandl RelatIOnS 2006. An exaTninatlon includes a review ot the accounting records kept by the charity and a co[arisOn of the accounts presented with those records. It also includes consideration of any unusual iterns or disclosures in the accounts. and seeks explanations from the trustees COL]cerning such Tnacters. The procedureg 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 che accourkts. IAdep•ndent Exattlnèr, J Stat•wit In the course ot ty exarnlaatlon, no matter ha8 C¢)Tne to ry attention: 111 whleh glves me rea80nable cause to believe that in any Material respect the requirements; to keep accouncLng records in accordance with Section 44111 lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulatlons and,. to prepare accounts which accord wlth the aecounclng records and comply wltn Regulation 9 of the 2006 Accounts Regulations have not been met or 121 to whLch, In my opinion, attention should be drawn in order to enable the accounts to be reached. Date
Paga 2 WZ8T LOThIAN 50+ MllWORK RECEIPTS ATrID PAYXKNTS ACCOIFYr tor th• p¢rl¢d end•d 31 January 2024 Unr•8tl d Rattct•d 31101/24 31/03123 Ra¢e*pts Membership Fees (Note 41 Gift Aid Grants Received Donations Received Class Fee8 Charity Collection Holidays and Trips (Note 51 Fundraislng & other Income Thrlft Shop 4,882 2.576 4,882 2,576 26,374 560 2,219 13.320 26,374 125.785 810 1,697 560 2,219 19,946 2.430 4,560 19.946 2.430 4,560 31,988 3,540 2,333 37,173 26,374 63,547 179,542 Payment8 Donation8 & Gifcs Salar&e8 & Related Costs Refund8 Rent & Service Charges Insurance Holidays and Trips (Note 61 Net Advance Hollday & Trlp Collectiong paid to SCIO Telephone & Internet Heat & Llght Stat'y, Prolnotlon & Offlce Cost3 Cleanlng & Repalrs Equipment Postage Soclal Events I T Support Prof essional Fees Group Venue & Activity C08Cg Bank Charges Sundry Expense8 151 1211 91 20,457 242 20.436 200 49.336 476 13.831 2,244 29.721 3,069 I,iio 15.769 5.646 2,078 8,715 3,188 15.769 4,132 406 1,522 337 205 729 1,285 1491 1,812 3,908 1,044 654 386 4.132 406 4,585 513 779 1,072 967 828 628 3.908 4.001 654 466 1,069 9.993 5,582 705 2,294 2.752 1.912 641 12.554 6,448 767 342 3,063 176 574 343 13181 877 11,1841 2,957 80 36,449 34.840 71.269 140. 867 Nèt ?urplu81 {d•£lcltl tor p•rlod Openlng Funds T, fer to West Lothian 50+ Network scIo 724 26,009 18.4661 79.736 17.7421 105,745 38,675 67,070 126.7331 171,2701 198,0031 Closing Funds 105.745
ZST LOTHIAW 50+ IlnllOR Page 3 at 31Bt J•nuary 2024 Not• 3110113024 31/0312023 BaAk and Ca8b £a H•ad Opening Balanceo a8 at 01/0412023 (Dèf Icitl /surplus for period Transferred to West Lothian 50+ SCXO 105.745 17.7421 (98.003} 67,070 38.675 Split between Funds: 105, 745 t7nr•8tricted Pd8 Merrt)er$ Funds Resirlcted Funds 24.441 1.569 79,735 105.74 M•d• Up Thu#1 Accrued Charges Bank Current Accounts Cash cn Hand 15.9461 111.650 41 105, 745 Approved by the Tru$. tee Iconvenor} ee (Secretary)
IqEST LOIYIAN 50+ TrifiKoRr Il¢t•8 to tha Accounts Parod Bnd•d 31 January 2024 Pag• 4 l Accountlng Pollel•$ The principal accountlng pollcles adopted. Judgements and key sources of e$tim&tlon uncertalnty in the preparation of the financ£al statements are a8 £ollow8,' Ba88 of Fr•parat¢ll The financial gtatements have been prepared on the receipts and payments basis in accordance wlth the Charitles & Truscee Investment Scotland Act 2005 and the Charities Account8 (Scotlandl Regulation8 2006 la8 amended) Ineomnq R•i¢>ure•8 All Incoming resources are Included in the seateThent of financlal actlvieies where the charity Is entltled to the Income and the arnounts can be quantifie with reasonable accuracy. Exp•Adltur• R•cognlt&ou Expenditure is recognI8ed on a payments basis as a liability is incurred. Expenditure include8 any vat whlch cannot be fully recovered and is reportèd as part of the expenditure to whlch it relates. Allo¢4ton 0£ support CtsotB Support Costs are those functions that a88lst the work of the charity but do not dlrectly undertake charitable actlvlties. The general fund represents Income received and expenditure incurred in respect of the day to day rnnnlng of the charlty. 2 Grants R•c•lv•d Grants received are reflected in the Financial statements when relevant condition8 are rnet, It is probable that they will be received and that the atrount can be wantlfied with su£ficien¢ reliabillty. Tautl¢ As a charity. West Lothtan SO+ Network Is exernpt frorn tax on Income and gains falling wlthin the provlsions of the Income & Corporation Taxes Act 2010. No tax charges have arlsen in the charity. 4 16•mb•rJhlp Fe•• 31/01/24 31/03123 Received for current period/year Received in advance for following perlod/year 4.882 5,340 7,980 4.882 13,320 5 Bollday• & Trlpa IIAcc•l 31101/24 31103/23 Recelved f or current period/year Received advance for following period/year 15,054 4.892 31.778 210 19.946 31,988 Holldayw & Trap8 IExp•n¥•#l 31/01124 31/03/23 Pald for current period/year Pald in advance for followlng peri¢)d/year 14.529 1.240 29,721 15,769 29.721