Laurencekirk Youth & Community Venture Report of the Trustees and Unaudited Financial Statement For the year ended 30 November 2025 Registered Company Number SC180965 (Scotland) Registered Charity Number SC027588 Laurenokirk Youth & Commun" Venture Contents of the Financial Statements For Year Ended 30 November 2025 Page Report of the Trustees Accountant's Report Statement of Financial Attivities Balance Sheet 6t07 Notes to the Financial Statements 8t09 Detailed Statement of Financial Artivities io Laurencekirk Youth & Communi Trustees, Annual Re ort e 30 November 2025 Venture The Trustees who are also Direttors of the charty for the purposes of the Companies Att 1985, present their report with the financial statements of the charity for the year ended 30 November 2025. The Trustees have adopted the provision5 of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities, issued in March 21N)5. Re rence andAdministrotive Detaits Registered Company No. SC180965 {Scotland} Registered Charity No. SC027588 Registered Office The Venue, 84 High Street, Laurencekirk AB30 IBJ Directors and Trustees As set out in the Articles of Association, there is no maximum number of Trustees and the minimum number of Trustees is two. At each AJ)nual General Meetin& one-third of the Trustee5 who have been longest in office retire by rotstion. If willing to act and if the vacancy is not filled, the retiring Trustees can be re-appointed. No new appointments are made unles5 recommended by the Trustees. The business of the company 15 managed wholly by the Trustee5. Any of these powers may be delegated to any committee consisting of one or more Trustees. The Trustees setvin8 during the year and Sin￿ the year end were as follows: AWBell Mrs LCraiE MrsMLDey ES Murray AJ Smith Mrs S R Richardson (Chairl Company Secretary Mrs S R Richardson Bankers Virgin Money l Queens Cross ABERDEEN AB15 4XU Accountants Accountants Scotland knmited Chartered Certified Accountants The Old City Club 6 Southesk Street Brechin DD9 6DY Pagel I Laurencekirk Youth & Communi Trustees, Annual Re e 30 November 2025 Venture Strurtts￿ Governonce and Man ement Governing Document The charity is controlled by its Memorandum and Articles of Association. and constitutes a limited company, limited by guarantee, as defined by the Companies Art 2(X)6. Risk Management The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Ob ertives andArtivlties Objectives and Aims The objects of the company are to promote the benefft of the inhabitants. including visitors and tourists, of Laurencekirk and its environ5, by associating the Local Council. voluntary organisat10115 and inhabitant5 in a common effort to advance education and to provide or assist in the provision of facilities for recreation and other leisure time occupation, in the interests of social welfare. The companVs original aims were to establish or secure the establishment of a community centre and to maintain such a centre for activities promoted by the company and its constituent bodies in furtherance of the above objects. Such provision would improve the conditions of life of local inhabitants, visitors and tourists, without distinction of political. religious or other opinion5. With the centre now being well-established. the main priority of the Trustees is to ensure that the facility continues to be kept in good condition and continues to be available and affordable to as many users as possible. Significant Activities The Venue continues to provide a reasonably priced location in which local groups can get together for educational, recreational and social activities. and those which can make a big difference to the health and wellbeing of participants. The Venue has been home a wide variety of groups and events this year- from art classes to first aid courses to nursery parties to counselling Servi￿5. The local youth club still meets every week-end and they hold several fundraisers throughout the year. They also host a Re*ngage Afternoon Tea for people who Irve on their own, a5 well as a regular Communtty Café which is open to all. In April, we were pleased to host a meeting of the South Aberdeenshire Halls Association where representatives of village halls in South Aberdeenshire get together to discuss current issues involved with the running of these facilities. Total incoming resources for the year were £11￿28. The Trustees are keen to ensure that rental charges are kept to a minimum and that no community group should be unable to use the facility becaL¢se of c05t. With thi5 in mind, we have been able to keep the hire costs at the same level as last year. Volunteers The work of the company is carried out voluntarily by a number of the Trustees and it is Worth noting that without this contribution, the objectives of the company could not be met. Page12 LaUren￿kirk Youth & Commun Trustees. Annual Re e 30 November 2025 Venture Achievement and Pe rniance Fundralsing Activitie5 Funds are currently sufficient to maintain the building and contentslequipment in a satisfactory condition, so no fundraising activities are deemed necessary at the current moment. The damage to the roof and outer walls of the building sustained during the storm of October 2023 was eventually repaired by local tradesmen at a cost of £2.660. Hopefully. the building will suffer no more damage during bad weather. Flnonclal Revlew Reserves Policy As per the Memorandum of Association, the income and property of the company shall be applied Sole￿ towards the promotion of its objects. ReseNes currentty held are considered by the Trustees to be appropriate to enable the effective maintenance of the facility. including any major. emergency repairs. Princi l FundiTn Sources All of our income this year came from hall rentals and we did not seek funding from any external sources. Future Develo ents The Trustees are committed to ensuring that the Venue is maintained as a clean, safe, welcoming and affordable community facility that is available to all who ￿qUIre space to come together for social, educational and recreational purposes. in the interests of social welfare. ON BEHALF OF THE BOARD Trustee Date Page13 iaurencekifk Youth & Commun. Accounts for ear ended 30 Novernber 3)25 Venture Examiners Independent Examiner's Report to the Trustees of Laurenceklrk Youth & Community Venture I report (N) the aCC￿jnts of the charity for the year ended 30 November 2021 which are set out on page5 5t010. Respertive responsibilities of trustee and examiner The charitys trustee5 are re¥￿sible for the preparatMM of the accLxJnts in &cordance with the terms of the Charitie5 and Trustee InVestM￿t (ScotLandl Art 2(X)5 and the Charities Accounts (Scotlandl Regulations 2006. The charity trustee5 consider that the audit requiremeY)t of Regulati￿ 10 111 la) to Ic) of the 2C(6 Accounts Reguktions does not apply. It is my responsibility to examine the accounts as required under section 44{1} Ic) of the art and to state whether particular matter5 have cljne to my attention. Basis of the Independent examinerfs report My examination was carried out in ac(￿da￿e WTth Reguktion 11 of the Charitie5 Accounts (kotlandl Regulations 2CK*J. An examination Tnclude5 a reri￿1 of accwnting records kept by the charity and a comparison of the accounts presented with those r￿Or(ts. It also includes Considerati￿ of any unusual items or disc105ure5 in the account, and sed(s explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the ev1dl￿ce that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent Examlnerfs statement In the course of the examination, no matter has come to my attert1￿. Which gives me reasonable cause to believe that any material respect the Requirements: to keep acC{￿nting records in aC(￿danCe with secti￿ 44111 lai of the 2IX)5 Act and Regulation 4 of the 2(KJ6 Accounts Regulations, and to prepare acCL￿ntS which aCC￿d with the aCC￿ntIng rÉrords and comply with Regulation 8 of the 2{￿ Accounts Regulations have not been met, or to which, in my opinion. attenti(￿ slwld te drawn in (Yder to enable a proper nderstanding of the accounts to be reached. Margo Stewart FCCA, BSC (Hons) Accountants Scotland Limited The Old C3ty Club 6 Southesk Street Brechin DD9 6DY 20 June 2026 Page 4 Laurencekirk Youth & Communl Venture Statement of Financial Attl￿tIeS For the ear ended 30 November 2025 Nov-25 INCOMING RESOURCES Nov-24 Incomlng resources from generated fvnds Voluntary Income Incoming resources from Charitable actlvities Letting of Holl 11.784 11.080 Income from Grants Tullo/Twinshiel Community Fund for Chairs 2.186 Bank interest Total Incoming resources 11,828 13,268 RESOURCES EXPENDED Charitsble activities Letting of Hall Governance Costs Support Costs 9.218 650 485 7.681 330 463 Depreciation Costs 392 Total resources expended 10.744 8,518 INCOMING RESOURCES 1,084 4,749 RECONCILIATION OF FUNDS Total fund5 brought forward £ 103.775 99.026 TOTAL FUNDS CARRIED FORWARD £ 104,859 £ 103.775 Page 5 Laurencekirk Youth & Commun Venture Balance Sheet A5 at 30 November 2025 31￿mOV-25 3￿NOV-24 FIXED ASSErs Tangible assets £86.176 85,131 CURRENT ASSETS Debtors Cash at bank and in hand 18,683 18,683 18.644 18,644 CREOITORS Amounts due within one year NET CURRENT ASSETS 18,683 18.644 TOTAL ASSETS LESS CURRENT LIABILITIES 104.859 103.775 NET ASSErs 104.859 £ 103,775 FUNDS Unrestricted funds 104,859 103,775 TOTAL FUNDS 104,859 103.775 Page 6 iaurencekirk Youth & Commun" Venture Balance Sheet- Continued As at 30 November 2025 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025 The trustees have not required the charitable company to obtain an audit of its financial statements for they year ended 30 November 2025 in accordance with Sertion 476 of the Companies Act 21KI6. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accountin8 records that comply with Sections 386 and 387 of the Companies Act 2Crf)6 and Ibl preparing financial statements which give a true and frdir view of the state of affairs of the charttable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2(h)6 relating to small charitable companie5 and with the Financial Reporting Standard for Smaller Entities leffective April 2CQ8). The financlal statements were approved by the Board of Trustees on and were signed on its behalf by.. Trustee SHELAGH R. RICHARDSON Page 7 Laurencekirk Youth & Commun Venture Notes to the Fina￿la1 Statements For the ar ended 30 November 2025 I ACCOUNTING POUCIES Accounting conventlon The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 20081 the Companies Act 2(M16 and the requirements of the Ststement of Recommended Practice, Accounting and Reporting by Chartties. Inwming Resources All Incoming resources are included on the Statement of Financial Activlties when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracv. Resources Expended Expenditure 15 accounted for on an atcrual basis and h85 been classified under headings that aggregate all cost related to the category. Where costs cannot be dirertly attributed to particular headings they have been allocated to activlties on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to wrFte off each asset over rts estimated useful lrfe- Plant and machinery 25% Reducing BttIan￿ on Cost Taxation The tharity is exempt frorn corrK)ration tax on tts charltable activities. Fund accountlng Unrestrirted fund5 cèn be used in accordantr with the charitable objectives at the discretion of of the trustees Restrirted funds can onty be used for particular restricted purpose5 Wlthin the objects of the charity. Restrittions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of eath fund 15 induded in the note5 to the financial statements. 2 INVEsfMENT INCOME 3011112025 3011112024 Bank Int rec'd Inetl £4 £2 3 NET INCOMINGIIOUTGOING) RESOURCES Net resources are stated after charging depreciation £392 £44 Page 8 Laurèncekirk Y¢xrth & Commun Venture Notes to the Financial Statements Forthe ar ended 30 November 2025 Land and Buildlng Plant and Ma¢hlnery TANGIBLE FIXED ASSETS Totals C05t at l December 2024 AdditFons 85.IXKI 17,116 102,116 Microwave 2 Wall Heaters from Stensons 5 Reception Chairs iio 934 393 1,437 Cost at 30 November 2025 85.C(K) 18,553 103.553 DEPRECIATION At l December 2024 Charge for year @ 25% Reducing Balance At 30 November 2025 16.985 392 17,377 16,985 392 17,377 BOOK VALUE At 30 Novembei 2025 At 30 November 2024 £ 85,000 1.176 131 86,176 85,131 DEBTORS AMOUPtrs FALUNG DUE ONE YEAR NO￿25 3(hNov-24 Other Debtors CREDITORS AMOUNTS FAWNG DUE ONE YEAR 3(￿NOv-25 3fyNovry24 Other creditors MOVEMENT IN FUNDS Net Movement In Funds Asat 01-De¢-24 Unrestricted Funds General Fund 8uilding fund Operational fund TOTAL FUNDS Nov-25 9.294 ,100 4,381 £ 103,775 1.084 10,378 90,ICM) 4,381 104,859 1,084 Net movement In funds, included in the above are as follows: lrtcomrn8 Resources expended Movement in funds Unre5trttted Funds General fund Building fL5nd TOTAL FUNDS 11,828 10,744 11.828 10.744 1,084 Page 9 E2urencekirk Youth & Commun Venture Detailed Statement Financial Statements For the ear ended 30 November 2025 3(kNov-25 30-Nov-24 INCOMING RESOURCES Voluntary Income 40 Investment Income Bank interest received Inetl Income from Grants Tullonwinshiel Community Fund for Chairs 2.186 Incoming resourtrs from charitable activities Totsl Incorning fesources 11,784 11.828 £ 11.080 E 13,268 RESOURCES EXPENDED Charitable artivltie5 Cleaning Consumables Fire Safety Gift Vouchers / Flowers Insurance IT Consumables Licences Light & Heat Advertising Postage & Stationery Repairs & Maintenance Depreciation of plant & machinery 1,547 344 387 39 725 267 349 2.792 1.436 78 50 601 392 47 2.721 392 9.609 301 2,423 £7.725 Governance costs Accountancy Honorarium as Secretsry/Treasurer 350 300 650 330 330 New Assets Microwave 2 Wall Heaters from Stensons 5 Reception Chairs iio 934 393 1.437 Support costs Telephone 485 463 463 Total resources expended 10,744 8,519 Net Income / (Loss) 1,084 £4,749 Page 10