```
REGISTERED COMPANY NUMBER: SC259718 (Scotland)
REGISTERED CHARITY NUMBER: SC032047
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
```
```
FOR
```
```
SHAWBOST OLD SCHOOL TRUST
```
```
CIB Services
Chartered Accountants
```
```
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
```
```
SHAWBOST OLD SCHOOL TRUST
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**||`6`||
|**`Notes to the Financial Statements`**|`7`|`to`|`13`|
## **`SHAWBOST OLD SCHOOL TRUST (REGISTERED NUMBER: SC259718)`**
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 31 MARCH 2025`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwiththe financial
statementsofthecharityfortheyearended31March2025.ThetrusteeshaveadoptedtheprovisionsofAccountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The main objectives of the charity are the provision of recreational and educational facilities on the West Side of Lewis.
```
## **`Significant activities`**
```
The Trust owns and operates Ionad na Seann Sgoil in Shawbost which is a modern multi purpose community centre.
```
## **`Volunteers`**
```
Thecontributionofvolunteers(includingdirectors,membersandindividualsfromthecommunity)hasbeenandcontinuestobe, of
immense benefit to the charity in establishing, maintaining and managing Ionad Na Seann Sgoil.
```
## **`ACHIEVEMENTS AND PERFORMANCE`**
## **`Charitable activities`**
```
Duringtheyear,thecharitycontinuedtomanageandmaintainthecommunitycentreandgenerateincomefromtheuseof the
centre's hall, office spaces and kitchen facilities.
```
## **`Internal and external factors`**
```
Thecharityispartiallydependentuponthecontinuingsupportofpublicfundingagenciestoassistintheongoingdeliveryofthe aims
and objectives of the organisation.
```
## **`FINANCIAL REVIEW`**
## **`Principal funding sources`**
```
Thecharityisdependentongrants,donations,admissionsincomeandfundraisingtofunditsoperationalcosts.Fulldetailsof the
charity's principal funding sources are included in notes 2 and 3 to the financial statements.
```
## **`Investment policy and objectives`**
```
Thecharity'sreservesaremaintainedinbankaccountsasthecurrentlevelofreservesarerequiredtomeettheTrust'sshort term
operational requirements.
```
## **`Reserves policy`**
```
TheGeneralfundrepresentstheunrestrictedfundsfrompastoperatingresultsandthefreereservesofthecharity.The trustees
considerthattheleveloffreereservesinunrestrictedfundsat31March2025issufficienttomeetthecharity's operational
requirements. The trustees ensure that the ongoing running costs are met by the projected recurring future income streams.
```
```
Duringtheyearthecharity'sresourcesexpendedexceededincomingresourcesresultinginnetexpenditureof£15,307forthe period
(2024-netexpenditureof£23,333).Thisdeficitisasaresultoftheannualdepreciationchargeof£18,081whichisfunded through
restricted funds.
```
## **`FUTURE PLANS`**
```
The charity's plans for the future include:-
```
```
- the ongoing management, maintenance and development of the community centre in the forthcoming year;
```
```
- continuing to organise and stage fundraising and community events at the community centre.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
TheTrustisacharitablecompanylimitedbyguarantee,incorporatedon24November2003.Thecompanywasestablishedunder a
MemorandumofAssociationwhichestablishedtheobjectsandpowersofthecharitablecompanyandisgovernedunderits Articles
of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
```
```
Page 1
```
## **`SHAWBOST OLD SCHOOL TRUST (REGISTERED NUMBER: SC259718)`**
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 31 MARCH 2025`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Recruitment and appointment of new trustees`**
```
The directors of the company are also charity trustees for the purpose of charity law.
```
```
UnderthetermsoftheMemorandumandArticlesofAssociationtheElectedDirectorsareappointedbyallthemembersat the
AnnualGeneralMeeting.OnehalfoftheElectedDirectorsretireannuallyateachAnnualGeneralMeetingbutareeligible for
re-election.
```
## **`Organisational structure`**
```
Theboardconsistsofvoluntarydirectorswhomanagetheaffairsofthecharitythroughregularboardmeetings.Thecharity has
revieweditsinternaloperationalstructuretoassistintheeffectivemanagementoftheorganisation.Theboardmembersare heavily
involved in the day to day operations of the charity.
```
## **`Induction and training of new trustees`**
```
The charity undertakes training for trustees to ensure awareness and understanding of:-
```
- `the responsibilities of directors;`
- `the organisational structure of the charity;`
- `the financial position of the charity; and`
- `the future plans and objectives of the charity.`
## **`Wider network`**
```
The charity has established links with other organisations and agencies to foster the aims and objectives of the organisation.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
SC259718 (Scotland)
```
## **`Registered Charity number`**
```
SC032047
```
## **`Registered office`**
```
Ionad Na Seann Sgoil
North Shawbost
Isle of Lewis
HS2 9BQ
```
## **`Trustees`**
```
N Macleod
M Wallace
L Hebditch
M Hebditch
F Jefferson
A Maclennan
```
## **`Independent Examiner`**
```
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
```
```
Page 2
```
## **`SHAWBOST OLD SCHOOL TRUST (REGISTERED NUMBER: SC259718)`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Bankers`**
```
Bank of Scotland
47 Cromwell Street
Stornoway
Isle of Lewis
HS1 2DE
```
```
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relatingto small
companies.
```
```
Approved by order of the board of trustees on 2 March 2026 and signed on its behalf by:
```
```
N Macleod - Trustee
```
```
Page 3
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHAWBOST OLD SCHOOL TRUST`**
```
I report on the accounts for the year ended 31 March 2025 set out on pages five to thirteen.
```
## **`Respective responsibilities of trustees and examiner`**
```
Thecharity'strusteesareresponsibleforthepreparationoftheaccountsinaccordancewiththetermsoftheCharitiesand Trustee
Investment(Scotland)Act2005andtheCharitiesAccounts(Scotland)Regulations2006(asamended).Thecharity's trustees
considerthattheauditrequirementofRegulation10(1)(a)to(c)oftheAccountsRegulationsdoesnotapply.Itismy responsibility
toexaminetheaccountsasrequiredunderSection44(1)(c)oftheActandtostatewhetherparticularmattershavecometo my
attention.
```
## **`Basis of the independent examiner's report`**
```
MyexaminationwascarriedoutinaccordancewithRegulation11oftheCharitiesAccounts(Scotland)Regulations2006. An
examinationincludesareviewoftheaccountingrecordskeptbythecharityandacomparisonoftheaccountspresentedwith those
records.Italsoincludesconsiderationofanyunusualitemsordisclosuresintheaccounts,andseekingexplanationsfromyou as
trusteesconcerninganysuchmatters.Theproceduresundertakendonotprovidealltheevidencethatwouldberequiredinan audit,
and consequently I do not express an audit opinion on the view given by the accounts.
```
## **`Independent examiner's statement`**
```
In connection with my examination, no matter has come to my attention :
```
- `(1) which gives me reasonable cause to believe that, in any material respect, the requirements`
- `to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and`
- `to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations`
```
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.`
```
John E Moffat BA FCA
The Institute of Chartered Accountants in England and Wales
```
```
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
```
```
2 March 2026
```
```
Page 4
```
```
SHAWBOST OLD SCHOOL TRUST
```
## **`STATEMENT OF FINANCIAL ACTIVITIES`**
## **`(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025`**
|`Unrestricted`
`Restricted`
`fund`
`funds`
`Notes`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`3,909`**
**`-`**
**`Charitable activities`**
`Community Centre`
**`13,326`**
**`-`**
`Other trading activities`
`2`
**`156`**
**`-`**
`Investment income`
`3`
**`-`**
**`-`**
**`Total`**
**`17,391`**
**`-`**
**`EXPENDITURE ON`**
`Raising funds`
**`811`**
**`-`**
**`Charitable activities`**
`Community Centre`
**`13,806`**
**`18,081`**
**`Total`**
**`14,617`**
**`18,081`**
**`NET INCOME/(EXPENDITURE)`**
**`2,774`**
**`(18,081)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`2,414`**
**`510,540`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`5,188`**
**`492,459`**|**`31.3.25`**
`31.3.24`
**`Total`**
`Total`
**`funds`**
`funds`
**`£`**
`£`
**`3,909`**
`2,600`
**`13,326`**
`6,326`
**`156`**
`1,208`
**`-`**
`1`
**`17,391`**
`10,135`
**`811`**
`1,152`
**`31,887`**
`32,316`
**`32,698`**
`33,468`
**`(15,307)`**
`(23,333)`
**`512,954`**
`536,287`
**`497,647`**
`512,954`|
|---|---|
```
The notes form part of these financial statements
```
```
Page 5
```
## **`SHAWBOST OLD SCHOOL TRUST (REGISTERED NUMBER: SC259718)`**
## **`BALANCE SHEET`**
## **`31 MARCH 2025`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`8`
**`CURRENT ASSETS`**
`Debtors`
`9`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`10`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`12`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|**`31.3.25`**
**`£`**
**`492,160`**
**`2,172`**
**`4,935`**
**`7,107`**
**`(1,620)`**
**`5,487`**
**`497,647`**
**`497,647`**
**`5,188`**
**`492,459`**
**`497,647`**|`31.3.24`
`£`
`510,241`
`490`
`4,676`
`5,166`
`(2,453)`
`2,713`
`512,954`
`512,954`
`2,414`
`510,540`
`512,954`|
|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 March 2025.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended31March2025 in
accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
```
(b)preparingfinancialstatementswhichgiveatrueandfairviewofthestateofaffairsofthecharitablecompanyasatthe end
ofeachfinancialyearandofitssurplusordeficitforeachfinancialyearinaccordancewiththerequirementsofSections 394
and395andwhichotherwisecomplywiththerequirementsoftheCompaniesAct2006relatingtofinancialstatements, so
far as applicable to the charitable company.
```
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubjectto the
small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon2March2026andweresignedon its
behalf by:
```
```
N Macleod - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
SHAWBOST OLD SCHOOL TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshave been
prepared under the historical cost convention.
```
```
The financial statements are prepared in sterling which is the functional currency of the charity.
```
```
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancial statements,
as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Judgements and key sources of estimation uncertainty`**
```
Intheapplicationofthecharity'saccountingpolicies,thetrusteesarerequiredtomakejudgements,estimates and
assumptions that affect the amounts reported for assets, liabilities, income and expenditure.
```
```
Theestimatesandassociatedassumptionsarebasedonhistoricalexperienceandotherfactorsthatareconsideredto be
relevant. Actual results may differ from these estimates.
```
```
Theestimatesandassumptionsarereviewedonanongoingbasis.Revisionstoaccountingestimatesarerecognisedin the
period in which the estimate is revised and in future periods should it affect future periods.
```
```
Theestimatesandassumptionswhichcarryahigherdegreeofriskofcausingamaterialadjustmenttothecarrying amount
of assets and liabilities are as follows:
```
## `Useful economic lives of tangible fixed assets`
```
Theannualdepreciationchargefortangiblefixedassetsissensitivetochangesintheestimatedusefuleconomiclives and
residualvaluesoftheassets.Theyareamendedwhennecessarytoreflectcurrentestimates,futureinvestment, economic
utilisationandthephysicalconditionoftheassets.Detailsofthevaluesoftangiblefixedassetsareincludedinthenotes to
the financial statements.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,itis probable
that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
```
## **`Raising funds`**
```
Costsofgeneratingfundscomprisethecostsassociatedwithattractingvoluntaryincomeandthecostsof fundraising
activities.
```
```
continued...
```
```
Page 7
```
```
SHAWBOST OLD SCHOOL TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`Charitable activities`**
```
Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsobjectsandactivities.It includes
bothcoststhatcanbeallocateddirectlytosuchactivitiesandthosecostsofanindirectnaturenecessarytosupport them.
The allocation of direct and support costs are analysed in the notes to the financial statements.
```
## **`Governance costs`**
```
Governancecostsincludethosecostsassociatedwithmeetingtheconstitutionalandstatutoryrequirementsofthe charity
and include accountancy fees and costs linked to the strategic management of the charity.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
```
Freehold property- 2% on cost
Plant and machinery- 4% on cost
Fixtures and fittings- 20% on cost
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise when
specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
## **`2.`**
## **`3.`**
## **`OTHER TRADING ACTIVITIES`**
|**`OTHER TRADING ACTIVITIES`**|||
|---|---|---|
||**`31.3.25`**|`31.3.24`|
||**`£`**|`£`|
|`Fundraising events`|**`156`**|`160`|
|`Other income`|**`-`**|`1,048`|
||**`156`**|`1,208`|
|**`INVESTMENT INCOME`**|||
||**`31.3.25`**|`31.3.24`|
||**`£`**|`£`|
|`Interest Received`|**`-`**|`1`|
```
continued...
```
```
Page 8
```
```
SHAWBOST OLD SCHOOL TRUST
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
```
## **`4. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||**`31.3.25`**|`31.3.24`|
|---|---|---|
||**`£`**|`£`|
|`Depreciation - owned assets`|**`18,081`**|`19,148`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norfortheyear ended
31 March 2024.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
```
## **`6. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
||**`31.3.25`**|`31.3.24`|
|---|---|---|
|`Management`|**`1`**|`1`|
```
No employees received emoluments in excess of £60,000.
```
## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2,600`
**`Charitable activities`**
`Community Centre`
`6,326`
`Other trading activities`
`1,208`
`Investment income`
`1`
**`Total`**
`10,135`
**`EXPENDITURE ON`**
`Raising funds`
`1,152`
**`Charitable activities`**
`Community Centre`
`13,168`
**`Total`**
`14,320`
**`NET INCOME/(EXPENDITURE)`**
`(4,185)`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`19,148`
`19,148`
`(19,148)`|`Total`
`funds`
`£`
`2,600`
`6,326`
`1,208`
`1`
`10,135`
`1,152`
`32,316`
`33,468`
`(23,333)`|
|---|---|---|
```
continued...
```
```
Page 9
```
```
SHAWBOST OLD SCHOOL TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`**
## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
||||`Unrestricted`|`Restricted`|`Total`|
|---|---|---|---|---|---|
||||`fund`|`funds`|`funds`|
||||`£`|`£`|`£`|
||**`RECONCILIATION OF FUNDS`**|||||
||`Total funds brought forward`||`6,599`|`529,688`|`536,287`|
||**`TOTAL FUNDS CARRIED FORWARD`**||`2,414`|`510,540`|`512,954`|
|**`8.`**|**`TANGIBLE FIXED ASSETS`**|||||
|||||`Fixtures`||
|||`Freehold`|`Plant and`|`and`||
|||`property`|`machinery`|`fittings`|`Totals`|
|||`£`|`£`|`£`|`£`|
||**`COST`**|||||
||`At 1 April 2024 and 31 March 2025`|**`835,533`**|**`42,630`**|**`61,058`**|**`939,221`**|
||**`DEPRECIATION`**|||||
||`At 1 April 2024`|**`326,417`**|**`41,505`**|**`61,058`**|**`428,980`**|
||`Charge for year`|**`16,956`**|**`1,125`**|**`-`**|**`18,081`**|
||`At 31 March 2025`|**`343,373`**|**`42,630`**|**`61,058`**|**`447,061`**|
||**`NET BOOK VALUE`**|||||
||`At 31 March 2025`|**`492,160`**|**`-`**|**`-`**|**`492,160`**|
||`At 31 March 2024`|`509,116`|`1,125`|`-`|`510,241`|
|**`9.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||||
|||||**`31.3.25`**|`31.3.24`|
|||||**`£`**|`£`|
||`Trade debtors`|||**`2,172`**|`299`|
||`VAT`|||**`-`**|`191`|
|||||**`2,172`**|`490`|
```
continued...
```
```
Page 10
```
```
SHAWBOST OLD SCHOOL TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`**
## **`10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Trade creditors`
`VAT`
`Other creditors`
`Accrued expenses`
**`11.`**
**`ANALYSIS OF NET ASSETS BETWEEN FUNDS`**
`Unrestricted`
`fund`
`£`
`Fixed assets`
**`1`**
`Current assets`
**`6,807`**
`Current liabilities`
**`(1,620)`**
**`5,188`**
**`12.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Building and equipment fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Building and equipment fund`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
**`492,159`**
**`300`**
**`-`**
**`492,459`**
`At 1.4.24`
`£`
**`2,414`**
**`510,540`**
**`512,954`**
`Incoming`
`resources`
`£`
**`17,391`**
**`-`**
**`17,391`**|**`31.3.25`**
**`£`**
**`200`**
**`382`**
**`485`**
**`553`**
**`1,620`**
**`31.3.25`**
`Total`
`funds`
**`£`**
**`492,160`**
**`7,107`**
**`(1,620)`**
**`497,647`**
`Net`
`movement`
`in funds`
`£`
**`2,774`**
**`(18,081)`**
**`(15,307)`**
`Resources`
`expended`
`£`
**`(14,617)`**
**`(18,081)`**
**`(32,698)`**|`31.3.24`
`£`
`573`
`-`
`261`
`1,619`
`2,453`
`31.3.24`
`Total`
`funds`
`£`
`510,241`
`5,166`
`(2,453)`
`512,954`
`At`
`31.3.25`
`£`
**`5,188`**
**`492,459`**
**`497,647`**
`Movement`
`in funds`
`£`
**`2,774`**
**`(18,081)`**
**`(15,307)`**|
|---|---|---|---|
|||||
```
continued...
```
```
Page 11
```
```
SHAWBOST OLD SCHOOL TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`**
## **`12. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Building and equipment fund`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Building and equipment fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1.4.23`
`in funds`
`31.3.24`
`£`
`£`
`£`
`6,599`
`(4,185)`
`2,414`
`529,688`
`(19,148)`
`510,540`
`536,287`
`(23,333)`
`512,954`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`10,135`
`(14,320)`
`(4,185)`
`-`
`(19,148)`
`(19,148)`
`10,135`
`(33,468)`
`(23,333)`|
|---|---|
## **`General fund`**
```
The general fund represents unrestricted funds which the trustees are free to use in accordance with the charitable objects.
```
## **`Building and equipment fund`**
```
Thisrepresentsthefundsraisedfromvariousorganisationstoassistwiththebuildingofthecommunitycentreand the
purchase of equipment.
```
## **`13. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 March 2025.
```
```
continued...
```
```
Page 12
```
```
SHAWBOST OLD SCHOOL TRUST
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
```
## **`14. LIMITED BY GUARANTEE`**
```
Thecompanyislimitedbyguaranteeandhasnosharecapital.Theliabilityofeachmemberintheeventofthe company
being wound up is restricted to £1.
```
## **`15. PERMANENT ENDOWMENTS`**
```
The charity does not have any permanent endowments.
```
```
Page 13
```