Report of the Trustees and Receipt5 & Payments Account Year ended 31 March 2022 Auld Skule (Recycling Unit) Registered Scottish Charity SC030540
Auld Skule (Recycling Unit) Year ended 31 March 2022 Contents Page Report of the Trustees Independent Examiners Report Receipt5 and Payments Account Balance Sheet Notes to the Accounts
Auld Skule (Recycling Unit) Year ended 31 March 2022 Report of the Trustees For the Year ended 31 March 2022 The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have elerted to prepare a Receipts and Payments Account as permissible within the regulations of the Office of the Scottish Charities Regulator. Reference ond admlnlstrotlon Charity Name Auld Skule (Recycling Unit) Charfty No SC030540 Prlnclpal Address Altematlve Address 13 Wirliegert Aith Auld Skule Recycling Unit Old School Building Aith Shetland ZE2 9NB shetland ZE2 9NW Current Trustees Chair Appointed 01109121 Appointed 01109121 Secretary Treasurer Appointed 01109121 Appointed 01109121 Appointed 0119121 Appointed 01109121 Appointed 01109121 Appointed 01109121 Appointed OIJ09121 Rota/F8 secretary Other Trustees who served during the year Retired 01109121 Retired 01109121 Retired 01109121
Auld Skule (Recycllng Unlt) Year ended 31 March 2022 Report of the Trustees (contdj Structure, Governonce and Monogement The Auld Skule (Recycling Unit) is controlled by its governing docsjment, a Deed of Trust, and constitutes an unincorporated charity. Appointment OA Trustees Trustee5 can be selected from the charity volunteers and local community members. Trustees are elected to the board at the Annual General meetin8 or throughout the year if it is deemed necessary. Objectives andAims The charity sells recycled goods from premises in Aith. Shetland and donates surplu5 proceeds in the form of grants to local charities, voluntary organisations and individuals in need of assistance for a specific cause. Achievements The charity has been able to grant 2022 £7,75012021- £6,987) to support a wide range of local good cause5 covering all age groups from the youngest to the oldest members of the wider Shetland community. The charity also gave to National charities which have touched the lives of our community. The funds donated are gifted upon requests coming in from members of our community. A grant of £4.000 was received from the SIC Covid-19 Discretionary Fund to compensate for loss of income and a grant of £5,000 was received from the Loganair Greenskies Community Fund, this will be used toward improving the building. Flnunclal Review Reserves at the end of each year are reinvested back into the charitable activities of the Auld Skule (Recycling Unit). Golng Concern The charity shop re-opened in March 2021 on reduced hours but opening hours have now been increased to pre Covid leve15. The charity has enough funds to cover costs for the foreseeable future.
Auld Skule (Recycling Unit) Yeor ended 31 March 2022 Report of the Trustees (contdj Donotedservice5 All the work performed for the running of the charity is through generous donations of time from our trustees and volunteers. This enables the charity to grant a high level of the income back to the wider community. All goods sold are donated from across Shetland and sold by the charity with no financial gains to the donors. th Approved by the trustees on 13 October 2022 and signed on their behalf by: Chalr
Auld Skule (Recycling UnAtJ Year ended 31 March 2022 Independent exominerfs report on the acwunts Reporting on the accounts shown on pages 5 to 10 for the year ended 31 March 2022. Respective responsibilities OA trustees and exomlner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl 2005 Act and the Charities Accounts {Scotlandl Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10111 Idl of the Account5 Regulations doe5 not apply. It is my responsibility to examine the accounts as required under section 4411) Icl of the Act and to State whether particular matters have come to my attention. Basis ol Independent exomlnerfs statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Regulations 2006. An examination includes a review of the accountin8 records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustee5 concerning anv such matters. The procedure5 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 accounts. Independent examinerfs statement In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 44111 lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or 2. to which. in my opinion. attention should be drawrg in order to enable a proper vnderstanding of the accounts to be reached 13, October 2022 MAAT 4 West Sletts Park. Lerwick, Shetland ZEI OQZ
Auld Skule (Recycling Unit) Year ended 31 March 2022 Receipts ond Payments Accountlor the year ended 31 March 2022 2022 2021 Notes Unrestricted Funds Receipt5 Receipts from generated funds Voluntary receipts Receipts from charitable activities Donations Grants received Other receipts 18.423 4,263 330 Total receipt5 Payments Cost of generating funds Charitable activities Donations 5,393 5,501 7,750 200 6,987 175 Governance costs Totsl payments SURPLUSI(DEFICIT) FOR THE YEAR 776 RECONCILIATION OF UNRESTRICTED FUNDS Total funds brought forward 23,655 29,431 TOTAL FUNDS CARRIED FORWARD
Auld Skule (Recycling Unitj Yeor ended 31 March 2022 Bolonce Sheet at 31 Morch 2022 2022 2021 Unrestricted Funds CURRENT ASSErs Cash at bank Cash in hand 37,952 113 23,655 NET A55ETS FUNDS Unrestricted funds The financial statements were approved by the Board of Trustees on 13 October 2022 and were signed on its behalf by: Chair Treasurer
Auld Skule (Recycling Unit) Year ended 31 March 2022 Note5 to the Accounts l. Ba515 of Accounting These accounts have been prepared on a receipts and payments basis in accordance with the Charities and Trustee Investment (Scotlandl Act 2005 and the requirement5 of the Statement of Recommended Practice, Accounting and Reporting for Charities. The charity is exempt f rom tax on its charitable activities. 2. Nature andpurpose offvnds Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds are used only for a particular restricted purpose within the objectives of the charity. Restrictions arise when specified by the donor or when funds are allocated by the trustees for a particular restricted purpose. 3. Reloted Party Transortions There were no trustees, remuneration or other benefits during the year ending 31 March 2022. In cases where trustees incurred expenses on behalf of the charity these were paid to the trustee at cost upon proof of a vouched receipt of expense. There were instances of associated benefit whereby family members of trustees carried out works for the organisation and were paid. These works were sanctioned by the trustees and were seen as incidental, reasonable, and necessary. 4. Receiptsfmm genemtedfvnds 2022 2021 Shop takings 5. 6ronts received Unrestricted Fund5 2022 2021 Loganair Greenskies Community Fund SIC Covid-19 Discretionary Fund grant
Auld Skule (Recycling Unit) Year ended 31 March 2022 Notes to the Accounts (contd) 6. Other receipts 2022 2021 Nathans Wastesavers Ltd Grant for windows Insurance claim (Fire doors) 330 44 450 7. Cost of generotingAurJd5 2022 2021 Shop consumables Rates and water Insurance 119 15 370 324 332 405 Light and heat Postage and stationery Repairs and renewals SLtndry expenses Advertising Bank charge5 1,920 89 2,291 1.979 280 2,130 274 231 135
Auld Skule (Recycling Unit) Year ended 31 Morch 2022 Notes to the Accounts (contdj 8. Donations 2022 2021 Aith Community Association Public WC Bixter Health Centre Locolcommunity group 500 LocolHealth Centre 1.042 200 Camphill Wellbeing Trust Children's Christmas Parties SC016291 LocolcommunitygrDUPS 2,050 1,000 200 1,250 1,000 150 CLAN Cancer Support Community Christmas Tree M.5. Society Shetland George Manson Laura Nicolson Relay for Life Shetland RNLI Aith Branch SC022606 Locplrommvrtitygroup SC041990 500 lo¢olfvndffjiser 500 Locolfvndn7iser 500 SC041656 1,000 SC037136 200 RNMDSF Shetland Foodbank Shetland Solidarity with Refugees Walls Health Centre Westside Sharks Wa5tview Care Centre-sensory garden Wastview Care Centre Hansel Fund SC039Q88 500 SC017535 500 Lotolgrots 1,000 lorolHeglth CentrE 1,045 LocolcommuTritygmup 500 lorol¢ttreprovider 500 Localcgrewovider 300 300 9. 6overnunce costs 2022 2021 Independent examinerfs fee io