REGISTERED CHARITY NUMBER: SC034783
Reportof the Trustees and Unaudited Financial Statements for the Year Ended 31 May 2025 for Skye Old Peoples Welfare Committee SCIO 7? Ord ra \ : AS Tap, A i ee4 ial (
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Donald Rankin Business Services Tigh an Oisean Bridge Road PORTREE Isle of Skye Highland IV51 9ER
Skye Old Peoples Welfare Committee SCIO
Contents of the Financial Statements for the Year Ended 31 May 2025
Page Report of the Trustees 1 to 2 Independent Examiner's Report 3 Statement ofFinancial Activities 4 Balance Sheet 2) Notes to the Financial Statements 6 to 9 Detailed Statement of Financial Activities 10
Skye Old Peoples Welfare Committee SCIO
Reportof the Trustees for the Year Ended 31 May 2025
The trustees present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2019).
OBJECTIVES AND ACTIVITIES
Our purposes, as set out in our constitution, are to provide grant funding to groups working with older people with those with disabilities in Skye and Raasay and to promote and assist the general good of all older people in the area.
ACHIEVEMENTS AND PERFORMANCE
The Trustees concentrated their efforts in setting up our new grant scheme which was launched at our AGM in November 2024.
We celebrated our 70th anniversary by organising a display of photographs and information on Budhmor and SOPW activities over the years.
A website was created for online applications and information about the fund.In the 6 months of operation we have distributed funding of £7,450 to 6 groups in Portree, Staffin and Minginish.
Our constitution was changed to reflect our new direction and our name changed to Skye Older Peoples Welfare all approved by OSCR.
FINANCIAL REVIEW
Reserves policy
The Committee consider that the unrestricted reserves of £50,793 are adequate to allow us to continue to provide services to the elderly on Skye and Raasay for the forthcoming year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Skye Old Peoples Welfare is a charitable unincorporated body and its purpose and administrative arrangements are _ set out in our constitution.
REFERENCE AND ADMINISTRATIVE DETAILS
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Registered Charity number
$C034783
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Skye Old Peoples Welfare Committee SCIO
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Report of the Trustees
for the Year Ended 31 May 2025
Trustees —
Independent Examine
Donald Rankin Business Services
Tigh an Oisean Bridge Road PORTREE Isle of Skye Highland IV51 9ER
Approved by order of the board of trustees on ..4TE 2...a / WNL\ DaeBAL...OW and signed. on its. behalf by:
Trustee
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Independent Examiner’s Report to the Trustees of Skye Old Peoples Welfare Committee SCIO
I report on the accounts for the year ended 31 May 2025 set out on pages four to ninc.
Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Inyestment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting 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 seeking explanations from you as trustees concerning any such matters. 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 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.
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Donald Rankin Business Services Tigh an Otsean Bridge Road PORTREE Isle of Skye Highland [VSI 9ER
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Skye Old Peoples Welfare Committee SCIO “Statement of Financial Activities for the Year Ended 31 May 2025
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|---|---|---|---|---|---|---|---|
|31.5.25|31.5.24|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|ss|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|75|(1)|74|140,137|
|Investment|income|2|625|2,603|3,228|1,131|
|Total|700|2,602|3,302|141,268|
|EXPENDITURE|ON|
|Charitable|activities|
|Provision|of grant|funding|to|groups|working|
|with|older|people|with|those|with|disabilities|in|
|Skye|and|Raasay.|617|7,317|7,934|7,571|
|NET|INCOME/(EXPENDITURE)|83|(4,715)|(4,632)|133,697|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|50,710|139,087|189,797|56,100|
|TOTAL|FUNDS CARRIED|FORWARD|50,793|134,372|185,165|189,797|
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The notes form part of[these][financial][statements]
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Skye Old Peoples Welfare Committee SCIO
Balance Sheet 31 May 2025
| 31.5.25 | 31.5.24 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | 3 | £ | > 9 | x | |
| CURRENT ASSETS | |||||
| Cash at bank | 50,991 | 134,372 | 185,363 | 189,995 | |
| CREDITORS | |||||
| Amounts falling due within one year | 5 | (198) | - | (198) | (198) |
| NET CURRENT ASSETS | 50,793 | 134,372 | 185,165 | 189,797 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 50,793 | 134,372 | 185,165 | 189,797 | |
| NET ASSETS | 50,793 | 134,372 | 185,165 | 189,797 | |
| FUNDS | 6 | ||||
| Unrestricted funds | 50,793 | 50,710 | |||
| Restricted funds | 134,372 | 139,087 | |||
| TOTALFUNDS | 185,165 | 189,797 |
WASThe ieLAVAAO!AG........statements andwerewere approvedsigned on itsbybehalfthe by:Board of Trustees and authorised for issue on
_
The notes form part of these financial statements
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Skye Old Peoples Welfare Committee SCIO
Notes to the Financial Statements for the Year Ended 31 May 2025
i ACCOUNTING POLICIES
Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount ofthe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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|---|---|---|---|
| Taxation | |||
| The charity is exempt from tax on its charitable activities. | |||
| INVESTMENT INCOME | |||
| 3.15.25 | 31.5.24 | ||
| £ | £ | ||
| Depositaccountinterest | 3,228 | 1,131 |
Taxation The charity is exempt from tax on its charitable activities.
3; TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
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| Skye Old Peoples Welfare Committee SCIO | Skye Old Peoples Welfare Committee SCIO | Skye Old Peoples Welfare Committee SCIO | |||||
|---|---|---|---|---|---|---|---|
| : | |||||||
| Notes to the FinancialStatements - con inued |
|||||||
| forthe Year Ended 31 May2025 | |||||||
| 4. | COMPARATIVES FOR | THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | |||||
| fund | funds | funds | |||||
| £ | £ | £ | |||||
| INCOME AND ENDOWMENTS FROM | |||||||
| Donations and legacies | 1,487 | 138,650 | 140,137 | ||||
| Investment income | 694 | 437 | 1,131 | ||||
| Total | 2,181 | 139,087 | 141,268 | ||||
| EXPENDITURE ON | |||||||
| Charitable activities | |||||||
| Provision ofgrant funding | to groups working | ||||||
| with older people with those with disabilities | |||||||
| in Skye and Raasay. | 7,571 | - | TT | ||||
| NET INCOME/(EXPENDITURE) | (5,390) | 139,087 | 133,697 | ||||
| RECONCILIATION OF | FUNDS | ||||||
| Total funds brought forward | 56,100 | - | 56,100 | ||||
| TOTAL FUNDSCARRIED FORWARD | 50,710 | 139,087 | 189,797 | ||||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | |||||
| 31.525 | 31.5.24 | ||||||
| £ | £ | ||||||
| Other creditors | 198 | 198 | |||||
| 6. | MOVEMENT IN FUNDS | ||||||
| Net | |||||||
| movement | At | ||||||
| At | 1.6.24 | in funds | 31.525 | ||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 50,710 | 83 | 50,793 | ||||
| Restricted funds | |||||||
| Budhmor Fund | 139,087 | (4,715) | 134,372 | ||||
| TOTALFUNDS | 189,797 | (4,632) | 185,165 |
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Skye Old Peoples Welfare Committee SCIO
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Notes to the Financial Statements - continued for the Year Ended 31 May 2025
6. MOVEMENT IN FUNDS- continued
| Net movement in funds, included in the above are as follows: | ||||
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 700 | (617) | 83 | |
| Restricted funds | ||||
| Budhmor Fund | 2,602 | (7317) | (4,715) | |
| TOTAL FUNDS | 3,302 | (7,934) | (4,632) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.6.23 | in funds | 31.5.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 56,100 | (5,390) | 50,710 | |
| Restricted funds | ||||
| Budhmor Fund | - | 139,087 | 139,087 | |
| TOTAL FUNDS | 56,100 | 133,697 | 189,797 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 2,181 | (7,571) | (5,390) | |
| Restricted funds | ||||
| Budhmor Fund | 139,087 | - | 139,087 | |
| TOTALFUNDS | 141,268 | (7,571) | 133,697 |
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Skye Old Peoples Welfare Committee SCIO
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
At 1.6.23 |
in funds | 31.5.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 56,100 | (5,307) | 50,793 |
| Restricted funds | |||
| Budhmor Fund | . | 134,372 | 134,372 |
| TOTALFUNDS | 56,100 | 129,065 | 185,165 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are | |
|---|---|---|---|---|
| as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 2,881 | (8,188) | (5,307) | |
| Restricted funds | ||||
| Budhmor Fund | 141,689 | (7,317) | 134,372 | |
| TOTALFUNDS | 144,570 | (15,505) | 129,065 |
Ts RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2025.
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| Skye Old Peoples Welfare Committee SCIO | |||||
|---|---|---|---|---|---|
| . | |||||
| Detailed Statement ofFinancial Activities | |||||
| ; | for the YearEnded 31 May 2025 |
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| 31.5.25 | 31.5.24 | ||||
| £ | £ | ||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies | |||||
| Gifts | (1) | “ | |||
| Donations | 75 | 1,487 | |||
| Transfer ofBudhmor Fund | - | 138,650 | |||
| 74 | 140,137 | ||||
| Investment income | |||||
| Deposit account interest | 3,228 | 1,131 | |||
| Total incoming resources | 3,302 | 141,268 | |||
| EXPENDITURE | |||||
| Charitable activities | |||||
| Fuel | - | 152 | |||
| Service, M.O.T, Repairs | 344 | 605 | |||
| Insurance | . | 541 | |||
| Road licence | - | 28 | |||
| Donation ofminibus | : | 5,824 | |||
| Website | 367 | . | |||
| Grant funding | 6,950 SS |
- ——— |
|||
| 7,661 | 7,150 | ||||
| Support costs | |||||
| Management | |||||
| Subscriptions | - | 185 | |||
| Governance costs | |||||
| Accountancy fees | 216 | 198 | |||
| AGM expenses | 57 | 38 | |||
| 273 | 236 | ||||
| Total resources expended | 7,934 | 7,571 | |||
| Net(expenditure)/income | (4,632) | 133,697 |
This page does not form part of[the][statutory][financial][statements]
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