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