LHANBRYDE COMMUNITY CHALLENGE FINANCIAL STATEMENTS YEAR ENDED MARCH 31ST 2025 RECOGNISED CHARI NUMBER: SC029433 Pre ared b Chartered Accountants ELGIN
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARITY NUMBER . SC029433 CONTENTS PAGES Trustees. Officers and Professional Advisers Chairperson's Report 2and3 Trustees, Report and Statement of Trustees, Responsiblilties 4and5 Independent Examinerfs Report to the Trustees statement of Financial Activities Balance Sheet statement of Cashflows Notes to the financial statements 10t013
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARrrY NUMBER . SC029433 TRUSTEES OFFICERS AND PROFESSIONAL ADVISERS TRUSTEES AND OFFICE BEARERS Chairperson Secretary Treasurer apwinted 25th June 2024 resigned 25th June 2024 resigned 30th September 2024 resigned 26th August 2024 appointed 25th June 2024 resigned 28th August 2025 appoint&J 25th June 2024 appointed 25th June 2024 appointed 25th June 2024 appointed 25th June 2024 appointed 28th October 2024 appointed 25th June 2024 resigned 27th January 2025 appointed 25th June 2024 resigneé 27th January 2025 appointed at AGM 24th June 2025 appointed at AGM 24th June 2025 appointed at AGM 24th June 2025 BANKERS Bank of Scotland 90 High Street ELGIN. IV30 1BJ CONTACT ADDRESS Lhanbryde Community Centre INDEPENDENT EXAMINER artner in the firm of Anne A Lair,g, Chartered Accountants Lavona. Calcols ELGIN, IV30 8NB RECOGNISED CHARITY NUMBER SC029433 Page 1
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARITY NUMBER . SC029433 Chair rson Annual Re 26 June 2024 to 24 June 2025 I was voted on as Chairperson at the last AGM on 25 June 2024 and this report covers Ihe last 12 months up to today the 24 June 2025 and what an amazing and enjoyable year it has been. Over the last year, Lhanbryde Community Ghallenge has accomplished quite a lot and none of It could have happened wrythout all the volunteeis and hall user groups we have. We secuied grants from the National Lottery. Moray Council Arts, Culture and Heritage FurKI, Arnold Clark, oray Local Acticn Fund and the Scottish Government Just Transition Fund. Many thanks go to ho applied for all except one of the grants before he stood down from the committee earlier this year. With these grants we have managed to put on several events for the Community starting with a ladies day, a tombola, a free kids fun day, a halloween party for the kids, breakfast with Santa, a kids christmas party, a new year party, a Burns night and lastly a Motherfs day aftemoon tea. Also with the grants we have improved all the electrical system8, heating and lighting vthich are niyw all up to the required standards. We have had monthly discos for the kKls, hostal a wedding, many birthday parties and an awards night and race night for the Lhanbryde United Football Club. Unfortunately. we were also asked to host a funeral remony and teas for a very special young man from Lhanbryde who was extremely well liked by the entire community and all the centre volunteers. We have had a new contiact cleaner come on board and she keeps the centre really clean IOF US, so many thanks to Edyta Parol from Clearview Cleaners. We recenlly had our Fire Alarm system professionally checked ensuring that it safe for al the hall users and volunteers. As well as most of the established groups that were already using the centre. scffle new groups have started up during the day and evening. New security cameras have been installed inside and outside the buiidlng and slnce then we have not had any vandalism like we had before. New security lights with sensors have bn Installed outslde whlch have proved very helpful especially the new car F4qrk lights. Since the library was no longer being used, it was removed from the meeting room and most of the books were either sold or given away to other local charities. The rneetirKJ room was then redecorated and freshened up by one of our volunleers who also redecorated our small hall. New blinds weie also fitted to the small hall by a local firm. It used to be cold and draughty in the ntre but as a result of a sucSsful grant application Tnanaged by TSI Moray, we installed new extemal dojrs incI11ng the fire escape doors and the inner porch doors. All the centre's lighting has been replaced wilh LED lights which makes it so much brighter, and all the old heaters in both halls have been Teplaced with more efficient ones so now it only takes 5 to 10 minutes to heat the halls before they have to be switched off as everyone gets too hot Together wilh replacing the rotten tirnber facings at the front of the building and around the entran canopy using our own money, the whole centre looks a lot oleaner. neater and brighter both inside and outside and the feedback we have had with a15 these energy efficiency measures has bn very positi"ve. The Cuppa Gafé has been a great sutxess over Ihe past year wlth lunches on Tuesday and Thursday, Chippy on Friday and full cooked breakfast on Sunday. Due to the National Lottery grant, we have managed to keep the cost of these rrEals down so that the local communrty can enjoy a hot meal in a warmer café where they can meet old friends and make new ones. As a result, I feel that the café has become the best part of the centre in bringing people together in a safe soGial environment. When I became thair it was obvious that something had to be done about the café kitchen to make it work for the voluniary kitchen staff. It was quit2 unsafe the way it was laid out for a proper working kitchen, so it vms totally refurbished including having a new industrial double gas fryer all at a cost of over £10,600 which all came from the centre's own funds with no need for a granL All the voluntary Committ and kitchen staff are so very pleased with the end resull. Page 2
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARrrY NUMBER . SC029433 Chair erson Annual Re continued 26 June 2024 to 24 June 2025 The locally run Lhanbryde baby and toddler group had to close recently due to a lack of attendan, so our ommittee decid8d to re-open it and run it as part of the overall community centre. The early SnS are positive and we hope it will soon be full of young mothèrs with thetr babies and toddlers. Over the last few months, the ladie5 toilet sewer pipe5 have been gettir)g blocked and fortunately we found the right contractors to identlfy the problem as a badly designed junction under a manhole near the small hall inlemal entrance door. The Junction VRS repalred so theie shouldn't be any more probkms with blocked toilets. The Lhanbryde Community Centre has become the heart of social aCtsves in Lhanbryde. The café has attracted customers from outside the localty, from all over Moray and even into Aberdeenshire, all of which helps support the ntre fancIallY to allow it to continue to operate. The charity's vision for the cEnire is lo continually serve the local community as we have been, improving the mental and physical health of all it's visitors both old and young. We are hoping to refurbish all the outdated toilets by means of a new grant we applyiro for and ultimately, in time, V would like to tarmac the whole car park and permanentty get rid of all the annoying bumps and potholes at the car park entran and throughout. I would like to take this opportunity to thank each and every one of my amazing volunteers for all the help and support you have given me over the last year without which, none of the incredible ¢h2ngas have rnade would ever have happened. From the botlom of my he8rt1 sey a massive 'Thank you."
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARITY NUMBER . SC029433 TRUSTEES, REPORT AND STATEMENT OF TRUSTEES, RESPONSIBILITIES YEAR ENDED MARCH 31ST 2025 FINANCIAL STATEMENTS The trustees present their reporl and financial statetnents of the company for the year ended March 31st 2025. STRUCTURE AND MANAGEMENT The Charity is run by a management committee who meet to review the ongoing development of Ihe Charity and to confirm that the Charity's aims are met. The management committee consists of a Chairperson. Secretary, Treasurer and additional members who are elected at the annual general meeting. All positions are held for one year and are re-elected on an annual basis. The individuals in the management committee are all members of the Charity. PRINCIPAL ACTIVITIES A developed Community Centre facility which is used by many groups. FUTURE DEVELOPMENTS To provide and continue to use the facilities to full potential by increasing rentals to help cashflow. The committee keep a strict control on spending and are always looking for opportunities for fundraising and are willing to apply themselves in order to provide the continuation of the facility. RISKS REVIEW The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity. and are satisfied that systems are in place to mitigate exposure to the major risks. FINANCIAL REVIEW The Community Centre is run with rental income and fund raising being the main source of annual income. It should be noted in the year to 31st March 2025 grants were obtained to upgrade the premises including the kitchen and help to feed to Gommunuty- In the year to 31st March 2025 the Cuppa Café whiGh is run by volunteers has become established and helps to provide a cost effective meal for members of the cofflmunity. At the year end unrestricted funds decreased from £28,276 to £20.109 - this is sufficient to maintain the facility and allow further developmenl At the year end there are £8,511 in restricted reseNes this is for cuppa café use for equipment and to subsidise meals. Page 4
LHANBRYDE COMMUNif< CHALLENGE RECOGNISED CHARITY NUMBER . SC029433 TRUSTEES. REPORT AND STATEMENT OF TRUSTEES, RESPONSIBILITIES YEAR ENDED MARCH 31ST 2025 CONTINUED The Trustees are responsible for the preparation of the financial statements which (lisclose with reasonabÈ accuracy at any lime the financlal poslllon at the end of th8 year and of Ihe surplus or deficit for Ihe year then ended. The Financial Statements must comply with the Charities and Truslee Irwestment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006 (as amended). In preparing these financial statements the officials are required to.. select suitable accounting p)licies and apply thern consistently make judgements and estimates Ihat are reasonable and prudent,. and prepare the finanaal statements on a going concem basis Ljnless it is inappropriate to do so on the grounds that the charity is unlikely to continue in existence. The Trustees are respon8ibl8 for keeping proper accounting records which disclose with reasonable accuracy al any time the financial p03iiion of the organisation. The officials are also responsible for safeguarding Ihe assets of the charity and hence for taking reasonable Steps for the preventlDn and detection of fraud and other irregularilies. TRUSTEES AND OFFICE BEARERS Chairperson Secretary Treasurer appolnted 25th June 2024 resigned 25th June 2024 resigned 30th September 2024 resigned 26th August 2024 appointed 25th June 2024 resigned 28th August 2025 appointed 25th June 2024 appointed 25th June 2024 appointed 25th June 2024 appointed 25th June 2024 appointed 28th October 2024 appoinled 25th June 2024 resigned 27th January 2025 appointed 25th June 2024 resigned 27th January 2025 appointed al AGM 24th June 2025 appointed at AGM 24th June 2025 appointed at AGM 24th June 2025 Approved by the Trustees and signed on their behalf on . Trustee Page 5
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARITY NUMBER . SC029433 INDEPENDENT ACCOUNTANTS REPORT TO THE TRUSTEES YEAR ENDED MARCH 31ST 2025 l Teport on the financial statements on pages 7 to 9 which have been prepared under the historical cost convention and the accounting policies set out on page 10. RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND ACCOUNTANTS As described on page 5, the trustees are responsible for the preparats.on of the financial statements in accordance with applicable law. The charity's trustees are responsible for the preparation of the accounts In accordan with with the temis of the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulat'ons 2006 (as amended),the Memorandum and Articles of Association, and Accounting and Reporting by CharitES'. Statement of Recomended Practice applicable to charities preparing their aCCnIS in accordance with the Financial Reporting Standard, applicable in the UK and Republic of Ireland (FRS102). The Trustees consider that an audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulation does not apply. It is my responsibility to examine the accounts as requlred under section 44(1) ( c ) of the Act and to state whether particular matiers have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examlnatlon Is carried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Regulatlons 2006 (as amended). An examination includes a review of the accounting records kept by the Chaiity and a comparis{ of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts and seeks eX[anationS from the trustees concerning any such rnatters. The procedures 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 the accounts. INDEPENDENT &XAMINER'S STATEMENT In the course of my examination, no matter has come to rny attentDn which gNes me reaSonae cause to believe that in any material respect the requirements to keep accounting records in accordance wtth Section 44(1) (al of the 20Q5 Act and Regulation 4 of the 2006 Accounts Regulations. and tD prepare ac(x)unts which accord with the accounting records and comply with Regulation 8 cf the 2006 Accounts Regulations have not LEen met. or to which in my opinion, attention should be drawn in order to enable propeF understanding of the accounts to te reached. Charteied Accountants Lavona, Calcots, ELGIN Page 6
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARITY NUMBER . SC029433 STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED MARCH 31ST 2025 STATEDJIENT OF FINANCIAL ACTIVITIES UNREsfRICTED RESTRICTED FUNDS FUNDS 2025 2025 TOTAL FUNDS 2025 TOTAL FUNDS 2024 Note Income Donations and Legacies Grants received Charitable Activities Total income and endowments 9,422 1,000 44,341 54,763 9,422 55,457 44,341 109,220 4,722 45,527 25,148 75,397 54,457 54,457 Expenditure Direct charitable expenditure Total expenditure 62,930 62,930 49,558 49,558 112,488 112,488 64,270 64,270 Net incomel(expenditure) Transfers Net rnovement in funds (8,16n 4.899 (3,268) 11,127 (8,167) 4,899 {3,268) 11,127 Reconciliation of Funds Total funds brought forward Total funds carried forward 28.276 20,109 3,612 8,511 31,888 28,620 20,761 31,888 Page 7
LHANBRYDE GQMMUNITYCHALLENGE RECOGNISED CHARITY NUMBER . SC029433 BALANCE SHEET AS AT MARCH 31ST 2025 2025 2024 Note FIXED ASSETS 10,041 85 CURRENT ASSETS Debtors Cash at bank and in hand 1,770 7,132 20,319 65.3CE CREDITORS Amounts falling due wsthin one year Creditors and accruals 1.740 1,740 33.503 33.503 NET CURRENT ASSETS 18,579 31,803 NET ASSETS 28,620 31,888 FUND BALANCES Unrestrlcted fund5 Restricted funds TOTAL FUNDS 20.109 8.511 28,620 28,276 3,612 31,888 TRUSTEES. APPROVAL OF THE FINANCIAL STATEMENTS On behalf of the trustees we approve these financial statements. whh are set out on pages 7 to 9 for the year ended March 31st 2025 and confinn that we have made available al relevant records information f their preparation. Trustee Trustee Date.. Page 8
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARITY NUD4lBER . SC029433 STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Cash flows from operating activities Net movement in funds (3,268) 11,127 Add back depreciation Less assets purchased Decreasel(increase) in debtors Increasel(decrease) in creditors 2,569 (12,525) 5,362 31,763 (3,792) 33,306 (26.401) 29.514 Cash generated fom operations 39,625) 40,641 Net (decrease)lincrease in Gash and cash equivalents (39,625) 40,641 Cash and cash equivalents as at 31st March 2024 58,174 17,533 Cash and cash equivalents a5 at 31 st March 2025 18,549 58,174 Cash and cash equivalents consist of: Cash at bank and in hand 18,549 58,174 Page 9
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARITY NUMBER . SC029433 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31ST 2025 ACCOUNTING POLICIES General Information The Gharity is registered in Scotland. The Cha-it re9lStered address is., Lhanbryde Cornmunty Centre, Summary of Slgniflcant Accounting Policies Basis of A¢countlng The Accounts are presented In Sterllng £ and have been prepared on the histori¢81 cost basis of of accounting and in accordance with the Charliies Accounts (SGotland) Regulations. and Accounting and Reporting by Charltles: Statement of Recommended Practi applicable to charities preparing their accounts in accordan wtth the Financlal Reporting Standard applicable in the UK (FRS1021. Incoming resources All incoming reSoUS are included in the Statement of FinclaI Actsvitses (SOFA) when the charlty Is legally entitled to the income after any perf0mlan conditions have been me( the amount C8n be measured reliably and it is probable that the income will be received. All incoming resour$ are stated in ttrE financAal ststements at their gross value. Voluntary income.. income received by VRY of grant or donations is included when receivable. Where entitlement is conditional on the delivery of a specific perforrnae by the charitable company the income is only recognised when the ents'trnent to the grant becomes uncDnditiDnal. Activities for generating funds: inc(xne from any sale of goods and services is included in the year in which it is receivable. Charitable Activities: are included when receivable. The charitable company recognises revenue when.. the amount of revenue can be reliably measured, it is probable that future economic benefits wi11 flow to the entity; and specific criteria have been met for each of the cornpanls activits'es. Resources expended Expenditure is recognised Dnce there is a legal or construcbve obligation to make a paym8nt to a third paty, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings.. Charitable activities- are those costs Incurred by ihe charitable company in the delivery of its activities and services. It includes both costs that can be allocated direclly to those activities and costs of a necessarily indirect nature to support delivery. Page10
LHANBRYDE COMMUNrrY CHALLENGE RECOGNISED CHARITY NUMBER . SC029433 NOTES TO THE FINANCIAL STATEMENTS CONTINUED YEAR ENDED MARCH 31ST 2025 2 Summary of Significant Accounting Policies (continued) Depreciation Depreciation has been provided at the following rates calculated to write off the assets over their estimated useful lives=_ Going concern The financial statements have been prepared on a going concern basis, which the trustees believe to be appropriate for the reasons set out in the Trustees, Report. other basic financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Fixed Assets All fixed assets are initially reGorded at cost. Depreciation Depreciation is calculated so as to write off the cost of an asse( less its estimated residual value. over the useful economic life of that asset as follows: Fixtures and Fittings '. 20 1 reducing balance Fund Accounting Unrestricted funds are available to spend on aGtivities that further any purpose of the Charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside, to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for a particular cause. Grants Received Grants received in respect of revenue items are credited to the income and expenditure account in the year they accrue. Donated Services and facilities Donated facilities are recognised as income when the charity has control over the time, any conditions with the associated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that the economic benefit can be measured reliably. On reipt of donated facilities they are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain seNices or facilities of equivalent economiG benefit on the open market; a corresponding amount will then be recognised as expenditure in the period of receipt. Debtors Debtors are recognised by the amount due at the time of settlement. Trade debtors are amounts due for services performed in the ordinary course of business. Cash at bank and in hand This includes cash and bank deposits. Page11
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARITY NUMBER . SC029433 NOTES TO THE FINANCIAL STATEMENTS CONTINUED YEAR ENDED MARCH 31ST 2025 Unrestricted Restricted Total Funds Total Funds Funds Fund5 2025 2024 2 DONATIONS including donated services 9.422 9,422 4,722 Unrestrirted Restricted Total Funds Total Funds Fund5 Funds 2025 2024 3 GRANTS The National Lottery - Awards for All Arnold Clark Community Fund UK Shared Prosperity Arts. Culture and Heritage Moray Local Action Fund Employment Grant Just Transition 17,000 17,000 1,000 8,700 6,600 1,000 8,700 6,600 9,730 35,797 45,527 22,157 54.457 22,157 55,457 1.000 Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 2024 4 CHARITABLE ACTIVITIES Hall Rents Fundraising Cuppa Café Interest 17,803 7,723 18,586 229 44,34 17,803 7,723 18,586 229 44,34 16,033 2,624 6,927 128 25,712 Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 Z024 5 CHARITABLE EXPENDITURE Grant aided expenditure ElectricitylGas Insurance Telephonelinternet General administration Fundraising Hall cleaning including wages Wages Building maintenan Cuppa Café Depreciation Security Independent examination fees Total 32,369 32.369 1,238 1,928 2,886 1,794 9,892 8,307 33,056 3,024 1.379 779 2,835 1,037 2,729 9,730 5.751 3,185 15 1,238 1,928 2,886 1,794 1,192 8.307 8,700 27,738 11,496 2,569 2,882 900 62,930 27,738 19,985 2,569 2,882 900 2,488 8,489 750 64,270 49,558 Page 12
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARITY NUMBER: SC029433 NOTES TO THE FINANCIAL STATEMENTS CONTINUED YEAR ENDED MARCH 31ST 2025 FIXED ASSETS Cost At 31st March 2024 Added At 31st March 2025 ui ment TOTAL 505 12,525 13,030 505 12,525 13,030 De reciation At 31 st March 2024 Charge for year At 31st March 2025 420 2,569 2,989 420 2,569 2,989 Net Book Value At 31st March 2025 At 31st March 2024 10,041 85 10,041 85 2025 2024 7 DEBTORS . Amounts receivable within one year Debtors for Gharitable purposes 1,770 7,132 CREDITORS AND ACCRUALS: Amounts payable within one year 1,740 33,503 RESTRICTED FUNDS Just Transition The National Lottery - Awards for All 3,612 8,511 10 MOVEMENT IN RESTRICRED FUNDS Balance at Incoming 31103r2024 resources Outgoing resourc2s Balance at 3110312025 The National Lottery- Awards for All UK Shared Prosperity Arts, culture and Heritage Moray Local Action Fund Just Transition 17,000 (8,489) 8,700 (8,700) 6,600 (6,600) 22.157 (25,769 8,511 3,612 2025 2024 11 PARTICULARS OF EMPLOYEES The aggregate payroll costs of the above were: Wages including cleaner and salaries 669 12.459 No paymerlts are made to trustees. In the year to MarGh 31st 2025". 1 employee to May 24 (2024 2 employees) In the year to March 31 st 2024 £9,730 wages were grant aided. Page 13
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARITY NUMBER . SC029433 YEAR ENDED MARCH 31ST 2025 THE FOLLOWING PAGE IS FOR INFORMATION ONLY AND DOES NOT FORM PART OF THE THE FINANCIAL STATEMENTS
LHANBRYDE COMMUNITY CHALLENGE RECOGNISED CHARITY NUMBER ' SC029433 INCOME AND EXPENDITURE ACCOUNT YEAR ENDED MARCH 31ST 2025 UNRESTRICTED RESTRICTED FUNDS FUNDS 2025 2025 TOTAL FUNDS 2025 TOTAL FUNDS 2024 Income Grants Hall Rents Fundraising Donations Donated Services - accountancy & independent examination Cuppa Café Miscellaneous Interest Total 1,000 17.803 7,723 8.212 54,457 55.457 17,803 7,723 8,212 45,527 15,469 2,624 3,972 900 18,586 310 229 54,763 900 18,586 310 229 109,220 750 6,927 128 75.397 54,457 Ex enditure Grant aided expenditure ElectricitylGas Insurance Telephonelinternet General administration Fundraising Hall cleaning including wages Wages Building maintenance Cuppa Café Depreciation Security Independent examination fees Total 32,369 32,369 1,238 1,928 2,886 1,794 9,892 8,307 33,056 3,024 1,379 779 2,835 1,037 2,729 9.730 5,751 3.185 15 1,238 1,928 2,886 1,794 1,192 8,307 8,700 27.738 11,496 2,569 2.882 900 62,930 27,738 19,985 2,569 2,882 900 112,488 8.489 750 64,270 49,558 Transfer DEFICIT OF INCOME OVER EXPENDITURE Balance brought forward Balance carried forward (8,167) 28.276 20,109 4.899 3,612 8,511 (3,268) 31,888 28,620 11.127 20,761 31,888