INVERGORDON MUSEUM Invergordon Naval Museum and Heritage Centre (A Scottish Charitable Incorporated Organisation) SC035244 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
INVER6CIRDON MUSEUM Invergordon Navel Museum and Heritage Centre (SCIO) Year ending 31* October 2024 Charity No: SC035244 Trustees Annual Report Charity's principal address Hayes Hall, 140 High Street, Invergordon. IV18 OAE Trustees serving durin the financial year Chair elected 29° February 2024 Secretary elected 29° February 2024 Treaurer elected 29° February 2024 elected 29° February 2024 elected 29° February 2024 elected 29° February 2024 Governing Document The Museum is a Scottish Charitable Organisation (SCIO). It was registered in the present legal form on 4 November 2015. It has a single tier structure and as suth the trustees are members of the charity. We are in the process of arranging for our members to vote on our new constitution, a copy of which we have already supplied to OSCR for approval. Recruitment policy Trustees are electedlappointed by members at the AGM on an annual basis with the maximum number being 7 and the minimum 5. Charitsble purpose To advance the education of the general public, without distinction on political, religious or other opinions, by associating with Local Authorities, voluntary organisations and residents in the common effort to provide a Museum and Heritage Centre to commemorate the naval, military, maritime and general history and unique cultural heritage of Invergordon, the Cromaty Firth and surrounding area.
INVER6(XDON MUSEUM * Invergordon Navel Museum and Herltage Centre (SCIO) Year ending 31•t October 2024 Chatity No: SC035244 Trustees annual report cont., Activities Kept museum operating, for visitors. Have children visiting from local schools. Continued the cataloguing of new artifacts donated and continuing cataloguing artifacts previously given to us. Looked at the possibility of using another location in Invergordon to expand our activities Looking at possible digital displays. Financial review Over the past year we continued operating as a Museum receiving donations from customers who sit the museum. We plan to apply for funding as required. Spent funds on bringing the fire alarms and intruder alarms up to standard. Spent funds on partially upgrading our heating system. Overall we seem to be in a good financial position for now Restricted fun'ds The organisation has no restricted fvnds. Reserve policy The trustees feels that the unrestricted closing balance of £24162.49 is sufficient to run our organisation for a period of at least 6 months minimum if no future income was received. Approved by the board of and signed on its behalf . io+aa date)
INVERGCRDON MUSEUM Invergordon Navel Museum and Heritage Centre (SCIO) Year ending 31st October 2024 Charity No: SC035244 Receipts and Payments Year ending 31" October 2024 Income Unrestricted Restricted Totals 2024 Totals 2023 Admissions (by Donation) Donations £6874.75 £10358.67 £537.73 £2391.84 Funding Grants £0 £1596.00 £0 £0 Hall Hire £0 £100 Bank Interest £366.23 £516.09 Other £50 £853 Petty Cash as per OSCR adjustment Total Income £0 £3173.05 £7828.71 £18988.65 Expenditure Building Maintenance Consultancy Hospitality Insurance Unrestricted Restricted Totals 2024 Totals 2023 £3010.05 £2734.39 £0 £1853.79 £1359.00 £1236.45 £587.27 rr Support rr Hardware £0 £117.60 £587.20 £553.99 Safety (Fire Alarm) Security Subscriptions/marketing Training Utilities £1064.90 £5364.60 £1896.00 £827.31 £0 £174.00 £0 £275.00 £2407.22 £2346.87 Waste Management From Bank to Petty Cash Bank Adjustment Postage/Stationary P. Cash as per OSCR adjusL Total Expenditure £122.48 £39.56 £50 £1753.90 £0 £10.00 £111.83 £0 £3018.89 £14939.92 £19161 Net Surplus/Deficit -£7111.21 -£327.00 Approved by the board of and signed on its behalf .
Invargordon Navel Museum and Herltage Centre (SCIO) Year endlng 31" October 2024 Charlty No: SC035244 Statement of balances as at 31 October 2024 St tement of balances Cash in bank at start of year Petty Cash at start of year Income Unrestricted £31,119.54 £154.16 £7,828.71 £14,939.92 £24,102.13 £60.36 Restricted Totals 2024 Totals 2023 £31,119.54 £154.16 £31,446.18 NA £7,828.71 £14,939.92 £24,102.13 £60.36 £18,832.15 £19,161.89 £31,119.54 NA Outgoings Cash in bank at end of year Petty cash at end of year Surplus/deficit in bank for the year -£7,111.21 -£7,111.21 -£327.00 Petty cash There is £60.36 in petty cash as at 31" Oct 24 Assets Hayes Hall has a residual value of £574,244 and fixtures and fittings have an estimated value of £11,720. Approved by the board of Trustees on. I s.1.i..1.25..(date) and signed on its behalf
INVERGCWN MUSEUM Invergordon Navel Museum and Heritage Centre (SCIO) Year ending 31sI October 2024 Charity No: SC035244 Independent examiner's report I report on the accounts of the charity Invergordon Naval Museum and Heritsge Centre for the year ended 31 Oct 2024. 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 Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 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 independent examiners report My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination indudes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disdosures in the accounts, and seeks explanations from the trustees conceming 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 examiners qualified 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 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations. Examiner Name.. Date ... 10° July 2025