The C<MDmlttee of Man•8emeTrt of the Molt•no M•fflorl•l Hall Members. Annu•l Report •nd ALzouDts For the year ended 31 December 2011 Robert Kemp 4 Cuthlll Towers Mllnathort KInr0 KY13 95E
The Commlttee of Management of the Molteno Memorfal Hall Members. Annual Report and Accounts for the year ended 31 Decembw 2021 Scottlsh Chartty Number SC034457 (Chairperson) (Secretary) i Trea5tJrerl 'gngd 18108120211 Contart •ddress clo The Old Post House F(xtiryall Aberfdo Perthshire Perthshire PH15 2LL Amltm•tt •nd •ppolntment ol members Crynmittee members are appointed for a period of three years. At the end of thi5 perlod they must starld down; they can however offer themselves for relection. Committee members are elected at Annual General Meeting. The association 15 a charitable unincorporated association and the purposes and admlnlstratlon vments are set out in the amended constitutlon dated 7 May 2003 Ch¥ft•bl• purposes The malntenance. runnlng and improvement of the Molteno Memorial Hall to provide a local facility for the aa¥ancement of education, citizenship or community development, arts. culture or sclence. Folltrwing the renovation of the Hall the MmUnity continues to make great use of the facilities. Mon* rnrninwatlon and expenses The fflwnbers did not receive any remuneration or expense5 durin8 the year. The Treasurer has reported on the outcome of the year ended 31 Dernber 2021 as follows:_
Treasurer's Report 2021 & Notes to the Accounts. continued Incorne This year has again been seriously impacted due to the ongoing Covid pandemic. The hall continued to be closed until May when it was opened for the elections. From then three weddings took place raising £2100.00. Six further weddin85 were cancelled five of which were due to take place in 2021 and one for 2022. All six were refunded their £100 deposit. However, we have had seven deposits for future weddin8s six of which are due to take place in 2022 and one in 2023. The other major source of income from lets was Fortin8all Art. Their annual exhibition managed to go ahead despite restrictions still being imposed and rnised £1522.50. Other events were a party, a ceilidh and a couple of meetin8S. F nctlon takln sandex enses Again, due to the pandemic, the number of functions held were limited. The exercise class restarted in July. The payment structure was altered with attendees now payin8 £2.00 to the hall and £2.50 directly to Live Active per class. The numbers have varled f rom 4 to 12. Eighteen classes were held raising an average of £14.97 per class for hall funds. A further £224.00 was also received which was outstandin8 from classes held in 2020 prior to lockdown. We did manage to hold two functions. A hog roast was held in November. This was a free of charge event to celebrate what was thought at the time to be the relaxing of restrictionsl Invitations were sent to all households wlthin a certain radius of the hall and people were inv6ted to donate to hall funds If they wished. The result of this was we received £1007.00 in donatlons. The costs were £984.30 so we ended up with a £22.70 profitl We also held Christmas Fair in November. The total income was £479.70 which was made up of £130.00 from the renting of the tables to the stallholders and £349.70 from the tea sales. This was the first time the Sum up credit card machine was used in earnest and was found to be extremely simple. We had discussed having the annual Christmas dance, but we had decided in the summer not to proceed. Considering the problems around Christmas with the Omicron variant this proved to be a wise movel Grants and donatlons We received the annual £250.00 8rant from Perth and Kinross and as already mentioned £1007.00 for the hog roast. endlture Utllltles The electricity ¢har8e for the year from Opus our supplier was £1031.12. This is decrease from £3399.52 in 2021. As the hall was drained down in December 2020 there was no need for any heatin8 to be used during the winter months and this obviously greatly reduced our costs. Due to the electricity being off for five days due to Storm Arwen we received £336.00 in compensation from SSE. So that our net electricity charge for the year was £695.12. The charge from the broadband increased from £26.99 per month to £28.20. The total cost for the year was therefore £335. 12. Although this seems in some respects an unnecessary cost it does
Treasurer's Report 2021 & Notes to the Accounts. continued mean we can now use a credit card machine easily and l am sure going forward will be a welcome addition to hirers of the hall. Other Ex enses A5 already stated. the only function expense was for the hog roast at £984.30. AhoUgh we had agreed to cover the cost of the hog roast it was 8at that we did receive sufficient donations to completely cover the costs. The licensing costs were £250.00 for a three- year public entertainment licence and £188.58 for our annual PPRIPL licence. The other major expenses this year We for various works done on the hall. The west window was removed and repaired at a Cost of £5823,30. This was funded out of the £9670.00 Big Lottery Grant we received last year. The remainder of the money £3846.70 is resenied for the repair of the other windows, which 15 Still to be done. Out of genernl hall funds £2944.62 was paid for the harlln8 to be repaired and a further £7080.(x) for the outside walls and woodwork to be painted. I think all can agree that this has much improved the hall. Some joinery work internally was also carried out at a cost of £462.50. The total cost of all thi5 work was £16110.42. General hall maintenance increased from last year due to garden work, plumbin8 Costs associated with the drain down of the water and a new full flre risk assessment. Comments for 2021 The investments in Rathbones were cashed in durin8 the year partly due to the impending switch to è SCIO and as the costs involved with running the investments were due to Increase to excessive levels. It was decided by the committee to liquidate the fund and once all the assets of the hall had been trnnsferred to the new SCIO account further consideration would be given on where to invest the £30000.00. Unfortunately. due to problems with the bank, we are still waiting for our new account to be opened but hopefully this should happen shortlv. In conclusion, as in 2020 the hall has continued to be badly affected due to the Covld pandemic. It was completely closed until the election in May and then slowly a few events managed to 80 ahead. Despite all the Covid issues and the significant expenditure on very necessary repairs and Improvements the hall funds are still in healthy position 8oing forward. I certify that this is a true record of the finances of the Molteno Memorial Hall for the year ended 31 December 2021 Honorary Treasurer As a result the Committee has unrestricted funds of £36,797.9512020'. £41,747.49). The Committee considers the funds to be sufficient for the running of the Hall within the terms of the Constitution. Approved by the Member5 of the Commrttee and signed on their behalf bv ChairDerson Date 1315/22
Th• Comm5ttee ol Man•pment ofth• Molt•N> M•Mor1 H•ll R•c•lpts •nd P•ym•nts Acco101th •V •nd•d 31 D•r•mb•r 2021 Y••r eThled 3111212021 Yeaf ended 31112n020 Restr5¢t•d Unrestrkted Restrlcted Funds Fun& Funds Unrestflcted Funds R•c•lpts Voluntsry Rect5pts Treasury Stock Intefest UT and O£IC Interest Dlvldend5 Donatlon5 Grants received Hall Cleanlng Mls¢ell•neous 0.58 1.15 239.88 1.0)7.C 250.0) 444.11 2,(DJ.O) io,coJ.co 9,670.CO 50LM) R•c•lpts from thirft•bl• P£tl¥ltl•s Hall Lets Cleanlng fee returned Functlon takln85 Thrlft shop 4.277.50 1.78&0J -Ico. 759.LX) 973.20 6.798.16 9,670.0) 14.892.26 In¥•stm•nts R••lls•d 64CKI 12020.. 3.1361 Aberden Standard Global Index Ilnked Bond S 225 A115ance Trust PLC 2 112p Ordlnary Shares 50J HICL Infrastructure Co Ltd 0.olp Ordlnary 2 Personal Assets Trust PLC 12.50 Ordinary 40) RIT CapStal Partntrs Ordinary G8 1 20X) Aoyal London Asset Management Short Our Gbl Index Ilnked Z Inc 540 Ruffer Investment Co 0.olp Red Pt8 Pref 6139.7058 Thr•adne*dle UK Corporath Bond 2 £750 0.125% Index-linked Trtasury Stock 2029 R•thbone5 8•lances refunded 4.10).48 2,266.57 845.84 974AI 10,168.QJ 1,816.36 2.2.l) 1,543.09 6,709.48 1,211.51 708.99 xIM1&37 1,816.36 Tot•1 rrf•lpts 37.606.53 9,670.C(I 16,708.62
The Commlttee of Matha8ement of th• Molteno Memorial Hall Recelpts and Payments Account for the ye•r ended 31 December 2021 Iconllnued) Year ended 3111212021 Year ended 3111212020 Not• Restrlrted Untestrlrted Funds Restricted Unfestricted Funds Tot•1 r•c•lpts. biought lonmard o. 37.6C6.53 9,670.0) 16,708.62 Payments Fundr•lslng expenses.. Function supplles Licences 984.30 438.58 307.38 Payments for charitable artlvities 1,422.88 307.38 Property costs 1.030.24 1.166.14 463.1J) 2.C*5.75 3,463.49 1,126.13 82.50 942.50 302.20 2,834.00 Insurance Hall cleanin8 & bottle ¢allection General repairs •ftd miscellaneous Refuse Collection Resioration costs 5.823.30 10.287.12 Total property cosis 5.823.30 IS.012.25 8,750.82 Donatlons m•de Donation to SCAA Tayside First Responders Kenmore Primary School CHAS Alzheimer Scotland 530.92 50.00 250.(KI Total payments lor charitable activities 2,239.97
Th• C¢mmltt•• ot 11•M•t atth• M•mwknl H•1 Pc•lpts •nd P•yrn•nts Act7th1th yur •nd•d 31 D•c•rnb•r 2021 It4M1thl Yor wA•d Year ended 3111212021 3111212020 unr•Str R•stdrted Unrestrfcted Funds Funds Accountsnry lees Portfollo rnana8ement fe•$ Plannlng Application Honorarfum M5xellaneous 95.cll 480.0) 93.fl) 436.94 Total iovernance costs In¥•th•nts m•d• 621.54 676. 834.20 893.37 2CfQ Royal London Ass•t Man•¢•ffnt Short Dur Gbl Index Ilnked Z Inc Tot InStmttts m•d• 1,727.S7 Totsl piym•nts S23.30 17.056.67 11,462.37 Surp1 I Id•ll¢ltllor Is23.301 20,549.86 5.246.25
stsi•IMht olBai•rK JI DK•mbv 2021 2020 UM•jtr Re5trlrted Fun Unrestricted Fund5 Cash at Ban and wlth Bfoker at 31 December 2020 Surplu5llDefltrtl for year 0.a0 2.37 15j2j.xil 20y9. LL521.65 5,246.25 9.670.IfJ JW70 9,670m 16,767. 8ank Current Account siocktsoker Balance JW7YJ >6.797.95 9,670X I6.(2.3? 685.53 9.670.IXS 16.767.90 6139.705811019 I0,Co holdlng restru¢turedlThreadneedleSterllnq Cofp Bond L Inc 640) Aberdeen Stat)dafd Global Index Ilnked Bond S 4LK) RIT Capttal Partners OrdinaryG8 1 £750 0.125% Index-Ilt)*ed Treasurystock 2029 540 Ruffer Investment Co Olp Red Ptl Prel Shares 225 AlllanceTrust PLC 2 V2p Ofdinary Sh•re% 2CO) Royal London Asset Mana8ement Shlyt ihJf Gbl Indèx Ilnked Z Inc 5C(I HICL Infrastructure Co Ltd 0.olp OidShare5 2 Personal Assers Trus1 PLC 12.50 Oidlhiryshares 5.961.(Xs 5.105.41 5.825.89 LLVJ8.69 L227.34 1,884.80 2,148.89 834.20 893.37 24.979.59 The Notes on p•oeform an Inte8r•l p•rt of these accounts. Appioved by Ihe Membefs of Commnee and sl8ned oThthelr beh•ll Date 213122
The Commlttt• of maement of the Molteno Memorf41 Hall Notes to the Accounts Forthe year ended 31 Cember 2021 8as15 of Accountl These accounts have been prepared on the Receipts and Paents basis in accordance wlth the Charities & Trustee Investment (Scotlandl Act 25 and the Charities kcounts Iswtlandl Regulations 2(6 la5 amended). N•ture •nd purpom of lunds Unre5trlrted funds are those that may be used at the discretion of the Irustees in furthertynce of the objècts of the charity. The trustees maintain a single unrestricted fund for the day-to-day management of the Hall. Restricted funds may only be used for speufic purposes. Restrictions •rlse when specified by the donor or when funds are raised for specific purposes. Gmnti r•c•l¥ed wern •s follows 1021 Restrlrt•d unlerICted Fun Funth 2020 Unre5trlded Funds Restricted Fund5 Perth & Klnross Councll Coronavirus Support Grant Annual Grant Blg Lottery Granl iO,CAX). 250.IXI 9,670.(M) 250.C 9,670.00 10,LK.LxI
The Commlttee of Management of the Molteno Memorial Hal Note5 to the Accounts For the year ended 31 December 2021 continued At 31 December 2021 the market value of the investments was 2021 2020 6139.7058 Threadneedle UK Corporate Bond 2 Inc 640012019: 9535.6221 Aberdeen Standard Global Index linked Bond S 400 RIT Capitsl Partners Ordlnary GB I £750 0. 125% Index-linked Treasury Stock 2029 540 Ruffer Investment Co 0.olp Red Ptg Pref Share5 225 Alliance Trust PLC 2 112p Ordinary Shares 2000 Royal London Asset Management Short Our Gbl Index linked Z Inc 500 HICL Infrastructure Co Ltd 0.olp Ordinary Shares 2 Personal Assets Trust PLC 12.50 Ordinary Shares 6.793 3,989 8,260 1,194 1,420 2,027 2,210 870 907 27,670
The Commlttee of Managefflent of the Molteno Memorf•l Hall Independent Examlnerfs Report to the Members ot the Commlttee of Management of Molteno Memortal H•ll I report on the accounts of the tharity for the year ended 31 December 2021 which are set on pages 3 to4 Respectlve responslbllltles of trustees and examlner The charity's trustees are responsible for the preparation of the accounts In accordance wlth the terms of the Charities and Trustee Investment15cotlandl Art 2005 and the Charities Accounts1Scotlandl Regulations 2006. The charity trustees consider that the audit requirement of Re8ulation 10111 Idl of the Accounts Regulatlons does not apply. It Is my responsibility to examine the accounts as required under sectlon 4411) Ic) of the Act and to state whether partlcular matters have come to my attention. Baslg of Independent examln•f s statèment My examination is carried out in accordance with Regul*ion 11 of the Charities Accounts Iscotlandl Regulatlons 2006. An examination includes a review of the accountin8 records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of anv unusual Items or dlsclosures In the accounts, and seeks explanatlons from the trustees concernlng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audlt, and consequently I do not express an audit opinion on the view given by the accounts. Independent ex•mIn•9 statement In the course of my examination, no matter has come to rny attentlon l. whlch 8lves me reasonable cause to belleve that in any materlal respect the requirements . lal to keep accounting records in accordance with Sertlon Wll lal of the 2005 Act and Regulatlon 4 of the 2006 Accounts Regulations, and Ibl to prepare accounts which accord with the accounting records and comply wlth Regulatlon 9 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 under5tsndin8 of the accounts to be reached. Date •fv. Z•L A Iretiredl Institute of Chartered Accountants of kotland io-