OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-06-30-accounts

GARGUNNOCK COMMUNITY TRUST

(A SCOTTISH CHARITABLE INCORPORATED ORGANISATION) Annual Report & Financial Statements

For the year ended

30 June 2024

FOR THE YEAR ENDED 30 JUNE 2024

ANNUAL REPORT & FINANCIAL STATEMENTS

CONTENTS

Trustees’ Annual Report ................................................................................................................. 3 - 8
Independent Examiner’s Report ..................................................................................................... 9
Statement of Financial Activities ..................................................................................................... 10
Balance Sheet ................................................................................................................................ 11
Notes to the Financial Statements .................................................................................................. 12 - 21

TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDEO 30 JUNE 2024 The trustees are pleased to present their report and financial statements together with the independent examiner's report ts the year ended 30 June 2024. OBJECTS & ACTIVITIES The objects of GARGUNNOCK COMMUNITY TRUST a￿. the provision of recreational fa¢ililies, or the organisation of recreational activities, with the object of improving the condf(ions of lrfe for the persons living within the village of Gargunnock orthe surrounding areas., the advan￿ment of environmentsl protection or improvement within the village of Gargunnock, for the benefft of the local community and visitors., the advancement of citizenship through the provision of facilities and activities that reduce social isolation and provide volunteering opportunities for local people and organisations within Gargunnock. The main activity to ach￿Ve the above aims is through the provision of leisure, social and educational activities within Gargunnock Community Hall. ACHIEVEMENTS & PERFORMANCE Windfami, Community Benefit The Communty Trust receives an annual payment from Nadara (formerly the Renantis Kingsbuml Communty Fund Iwindfarm Fund) to provide grants for the benefft of the village. Wrth the help of Foundation Scotland. the Trust established an independent Windfam Fund Panel to assess and make recommendations regarding grant applications. This has been in operation throughout the year and has provided grants lo a wide range of community projects and organisations. Some of the organisations awarded funds were,. Organisation Funded Amount of Funding ￿ Brief Summary of Project or Activity Awarded £6,500.00 £845 £500 £922.40 £2,872.67 Communty Trust lfjrk Welcome Team Play Park Group Gala Committee Communty Council Upgrade to Beeehes Path New Notiee Board at the Kirk Replaeing play equipment in park Supporting 2023 Village Gala Installing sockets and power supplies around village square for Christmas lights Zero Carbon project at Community Centre Additional toy for sand pit in park Purchase Maker Trolley Create a Wildfiower Meadow Bus costs for Dalguise Trip Bus costs lo Burrell Collection Support a young person in village on an overseas trip representing Stirling Ten Pin Bowling Club Purchase new staging for annual flower show Communty Trust Play Park Group Primary School Pond Group Primary School Scottish Women's Institute Individual in Village £6,360.19 £500 £500 £804.40 £500 £333 £250 Flower Show Committee £2,309.50 Gala Committee Kirk Welcome Team Play Parf( Group £1,179.38 £216 £500 Supporting 2024 Village Gala Welcome sign for noticeboard Sandpit equipment The Trust would like to record its thanks to￿ for chairing the Panel over the past four years and for providing administration services lo the Panel. Both have both helped to improve all the

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 30 JUNE 2024

documentation and processes associated with the Windfarm Panel, improving the efficiency and effectiveness of its operation. The Trust welcomes as the new Panel chair

Community Centre

Activities within the Community Centre

The activities within the Community Centre have continued to gradually improve, returning to pre-pandemic levels although some groups have been unable to restart due to the fall in membership over the intervening two years. We now have four offices let in the schoolhouse building and the Drop-in Centre continues to be let for the temporary use by a local business.

We have completed the Centre’s move to carbon neutral status which has included a range of works which are now all complete. Some follow up work has been necessary working with the original contractor. The work involved has included upgrading the heating controller, pressurising the heating system, improving the hot water system, topping-up the insulation in the main roof, introducing LED lighting, installing PV solar panels and battery and an associated monitor.

Over the next few years the Trust will begin a series of projects to address some of the issues affecting the fabric of the building which were identified in a comprehensive survey undertaken in 2020.

The Bugle

The Bugle was set up by Gargunnock Community Trust Ltd to ensure there was a mechanism for everyone in Gargunnock to communicate with each other about issues, events and those things that make the people of Gargunnock smile.

Each issue is distributed free of charge to over 400 homes in and around Gargunnock and emailed to many more who have since moved on from the village but keen to keep in touch with village life. Each issue eventually finds its way to friends and family as far afield as New Zealand, Australia, Canada and America and is available on the Community website which is funded by the Trust but shared with other local organisations such as the Community Council, providing a one-stop source of information to local people.

We choose to call our village newsletter The Bugle as the Bugle and the Drum are steeped in the historic symbols of the village. They were purchased back in 1775 from the profits of an annual horse race after a public meeting decided to appoint a drummer to announce the hours of 5am and 9pm, as there was a lack of clocks in the village. The drum was used for dry days and the bugle for when it was wet.

The success of the Bugle is down to the people of Gargunnock feeling ownership for their village newsletter, they are always very keen to pass on:

Each issue also has an update from:

This year there were four editions collated and edited by our young volunteer editor , ably assisted by her mother Shona.

While the Trust funds the Bugle it is hoped that through attracting additional advertising the burden on the Trust will lessen over time especially as it continues to be an important vehicle for sharing information about what is

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 30 JUNE 2024

happening within the community. The Trust will also continue to fund the community website which it shares with other organisations. This is currently undergoing a revamp to improve its legibility and accessibility in partnership with the Community Council.

Bite & Blether

The Bite & Blether continues to be enthusiastically received by the village community. It is held in the Community Centre on the first Wednesday each month providing excellent tea, coffee, soup and home baking and the opportunity for neighbours and friends to meet and catch up. It also provides a valuable source of income for the Community Centre.

The Beeches Path Improvement Project

Having secured funding from Paths for All (Ian Findlay Fund), the Clackmannanshire and Stirling Environment Trust and the Gargunnock Windfarm Fund the Beeches Path has now been fully upgraded with a new surface, safety barriers, new seating and picnic table. The improvements have been universally welcomed by the local community, evidenced by the number of positive comments posted on the community Facebook page.

Cycle Share Scheme

The Trust was successful in securing a significant grant from the Cycle Share Scheme which has allowed the purchase of a range of different bikes which are now available for borrowing by local residents. Plans are underway to build accommodation for the bikes at the Community Centre. The bikes will provide a very helpful addition to the assets available in the village and will, in time help encourage more active travel.

Gargunnock Village Shop

Major progress has been made in returning the shop to the village. The Trust and the Community Council have worked together to establish a new organisation, a Community Benefit Society (CBS), Gargunnock Community Shop Ltd. With its own separate board of directors, it now owns the shop. The CBS is a cooperative entity where the shareholders are members of the community with the intention of issuing shares for the community to purchase during August and September 2024.

The work to bring the shop up to a modern standard is extensive and has required major investment. The building will be as sustainable as possible. Funding has been secured from various sources which has allowed the redevelopment work to progress with the aim of having the shop open for Christmas 2024. The shop will be run by a commercial operator following an open tendering process, with the Community Company issuing a lease of the premises.

This report can provide only a summary of the activities that have taken place this year and the Trustees are immensely grateful to all the volunteers who have contributed to the work that was carried out in relation to all of the projects mentioned above.

FINANCIAL REVIEW

Our principal source of income continues to be grants from various organisations so that they charity is able to carry out individual projects for the benefit of the community. This year the Trustees were successful in receiving funding form Stirling Council. Foundation Scotland, Sustrans, Paths for All, Clacks and Stirling Environmental Trust, Cycling UK and the Energy Saving Trust. Expenditure is focused on the delivery of the projects and in the running costs of the Community Centre. The following table provides a summary of income and expenditure for the ear.

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 30 JUNE 2024

2024
£		 2023
£
Income 157,746 88,036
Expenditure 122,524 82,569
Surplus for the year 35,222 5,467
Total funds as at 1st July 2023 668,466 662,999
Total funds as at 30th June 2024 703,688 668,466

Investment policy

The Trustees are aware of their responsibilities for safeguarding the charity's assets. They regularly consider the political, economic, legal and environmental factors that can affect funds and savings.

The Trustees have a duty to seek out suitable sources of income generation. The Trustees also consider that it is prudent to accumulate funds for reserves to meet their legal requirements for creditors. They also realise that this has to be balanced by ensuring that there are enough funds readily available to carry out its charitable aims.

The trustees have the power to invest funds in the best interests of the charity. To meet these ends the trustees have invested in a property, namely Gargunnock Community Centre which produces a base for the community to come together and also provides a regular income to increase the Charity’s current reserves. The trustees believe that the current investment has a suitable risk and reward profile that meets the investment criteria and risk appetite of the charity.

Principal risks

The charity has a risk register that is reviewed regularly by the Trustees. Health and Safety is regularly reviewed by the trustees; this includes maintaining the structural integrity of the Community Centre and monitoring the possible risks to which the charity is exposed and putting actions in place to mitigate these risks.

Reserves policy

The core funding source of the charity are the monies received through venue and room hire of the community centre. The level of this income has some uncertainty and therefore the trustees consider that around twelve to eighteen months of expenditure (excluding depreciation) is an appropriate level of reserves to have in place.

Free reserves at the year-end were :

Total funds as at 30th June 2024
Less Fixed assets
Less Designated funds
Less Restricted funds
Free reserves as at 30th June 2024		 2024
2023
£
£
703,688
668,466
600,711
(593,288)
1,594
(25,000)
39,209
(17,430)
62,174
32,748

Whilst reserves are currently higher than the target range, this is largely due to the receipt of income in relation to the Gargunnock Shop which is now an entity and this income will be going directly to the organisation. The trustees as always are currently considering how the additional funds can be best utilised in furtherance of the charity’s purposes.

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 30 JUNE 2024

FUTURE PLANS

The charity continues to engage with the local community to ensure that the strategic direction of the company is guided by their needs. The community centre will continue to provide local amenities to and for the community. Maintaining the links with the community enable to trustees in their attempts to continue to fulfil the purposes of the organisation.

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing document

The charity is a Scottish Charitable Incorporated Organisation (SCIO) that was converted from a Company Limited by Guarantee on 14[th] August 2024. It is governed by its constitution.

Appointment of trustees

The Board of Trustees are appointed by the members at the Annual General Meeting (AGM) and at the next Board meeting the trustees elect the office bearers namely Chair, Treasurer and Secretary. The charity can have up to 12 Board member and a minimum of three. All the trustees retire at the AGM and are eligible for reelection.

Organisational structure

The Trustees who are responsible for the overall management of the charity and meet regularly to oversee the strategic direction of the organisation. The charity has no employees. Volunteers assist the trustees in the overseeing of the community projects and on providing information to the community such as the charity’s social media and

Induction and training of trustees

New trustees are welcomed by the Chair and issued with a pack containing the strategic document, the constitution and the latest set of accounts provided with training opportunities in accordance with the charity’s induction policy.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name Gargunnock Community Trust Charity No SC036793 Principal Office Lomond View Gargunnock FK8 3BA

Website Address gargunnock.org

Current Trustees

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 30 JUNE 2024

Independent Examiner

APPROVAL

This report, which has been prepared in accordance with the Charities and Trustees Investment (Scotland) Act 2005, was approved by the trustees on 25[th] March 2025 and signed on their behalf by:

Trustee

INDEPENDENT EXAMINER’S REPORT

FOR THE YEAR ENDED 30 JUNE 2024

Independent examiner's report to the trustees of Gargunnock Community Trust

I report on the accounts of the charity for the year ended 30 June 2024, which are set out on pages 10 to 21.

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 ("the 2005 Act") and the Charities Accounts (Scotland) Regulations 2006 (as amended) ("the 2006 Regulations"). The trustees consider that the audit requirement of Regulation (10)(1)(a)-(c) of the 2006 Regulations does not apply.

It is my responsibility to examine the accounts under section (44)(1)(c) of the 2005 Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. 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 seeks explanations from the 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 came to my attention:-

  1. which gives me reasonable cause to believe that in any material respect, the requirements

  2. to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and

  3. to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Regulations

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

  2. 9 -

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 JUNE 2024

Note
Income and endowments from:
Donations and legacies
6
Charitable activities
7
Investments (Bank interest)
Expenditure on:
Charitable activities
8
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds as at 01 July 2023
16
Total funds as at 30 June 2024
15		 Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
2024
2023
£
£
£
£
£
3,810
-
128,061
131,871
67,784
24,735
-
-
24,735
19,942
472
-
668
1,140
310
29,017
-
128,729
157,746
88,036
22,905
25,165
74,454
122,524
82,569
22,905
25,165
74,454
122,524
82,569
6,112
(25,165)
54,275
35,222
5,467
23,314
9,182
(32,496)
-
-
29,426
(15,983)
21,779
35,222
5,467
32,748
618,288
17,430
668,466
662,999
62,174
602,305
39,209
703,688
668,466

All activities are regarded as continuing.

Comparative figures by fund type are shown in Note 19

The Notes on pages 12 to 21 form an integral part of these accounts.

STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)

AS AT 30 JUNE 2024

Note
Fixed assets:
Tangible assets
Current assets:
Debtors
11
Cash at bank and in hand
12
Liabilities:
Creditors (due within one year)
13
Net current assets
Net Assets
Funds of the charity:
15
Designated Fixed Assets Fund
Designated Sinking Fund
Restricted Fund
Unrestricted funds		 Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
2024
2023
£
£
£
£
£
-
600,711
-
600,711
593,288
-
600,711
-
600,711
593,288
214
-
-
214
5,448
62,310
1,594
72,347
136,251
87,874
62,524
1,594
72,347
136,465
93,322
350
-
33,138
33,488
18,144
62,174
1,594
39,209
102,977
75,178
62,174
602,305
39,209
703,688
668,466
-
600,711
-
600,711
593,288
-
1,594
-
1,594
25,000
-
-
39,209
39,209
17,430
62,174
-
-
62,174
32,748
62,174
602,305
39,209
703,688
668,466

Comparative figures are shown in Note 18

The Notes on 12 to 21 form an integral part of these accounts.

These accounts, which have been prepared in accordance with the Charities and Trustees Investment (Scotland) Act 2025, were approved by the trustees on 25th March 2025 and signed on their behalf by:

Trustee

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

1. Basis of preparation

2. Accounting policies

Income is recognised and included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the income; receipt is probable; and the monetary value can be measured with sufficient reliability. The specific bases used are as follows:

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

Liabilities are recognised when it is probable that there is a legal or constructive obligation committing the charity to pay out resources and the monetary value can be measured with sufficient reliability. The specific bases used are as follows:

2.8. Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

The charity is not liable to corporation tax or capital gains tax on its charitable activities.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

3. Trustee remuneration and benefits

None of the trustees were paid any remuneration or received any other benefits during the year or in the previous year.

4. Trustee expenses

No expenses were reimbursed to the trustees during the year or in the previous year.

5. Transactions with related parties

There were no transactions with related parties during the year or in the previous year.

6. Income from donations and legacies

Stirling Council
Stirling Council Activities Grant
Foundation Scotland
Sustrans
Paths for All (Beeches)
Donations
Clacks and Stirling ET (Beeches)
Turcan Cornell
Cycling UK
Energy Saving Trust		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
750
-
750
1,000
-
510
510
-
-
31,198
31,198
27,484
-
4,075
4,075
11,890
-
49,562
49,562
-
3,060
-
3,060
4,928
-
4,763
4,763
960
-
-
-
5,000
-
30,407
30,407
-
-
7,546
7,546
16,522
3,810
128,061
131,871
67,784

7. Income from charitable activities

Bugle Newspaper
Hall Hire
Office rent
Drop in		 Total
Total
2024
2023
£
£
330
620
10,457
10,506
8,748
8,816
5,200
-
24,735
19,942

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

8. Expenditure on charitable activities

Unrestricted Designated Restricted Total Total
Funds
£		 Funds
£		 Funds
£		 2024
£		 2023
£
Bugle costs 2,307 - - 2,307 1,297
Maintenance and repair 4,671 1,340 - 6,011 5,326
Sessional staff and contractors 3,000 - - 3,000 3,336
Heat and light 4,834 - - 4,834 6,536
Insurance 2,783 - - 2,783 1,354
Telephone and broadband 300 - - 300 360
Depreciation (See note 9 ) - 23,825 - 23,825 19,137
Governance (See note 10 ) 350 - - 350 263
Grants Awarded - - 9,205 9,205 21,362
Bank charges 132 - - 132 134
Cycle path - - 2,041 2,041 14,268
IT & Website 945 - - 945 222
Stirling Council Activities - - 510 510 -
Beaches Project - - 58,912 58,912 -
Village shop project - - - - 5,675
Kirk Sign Project - - 845 845 -
Professional fees - - - - 1,046
Parent network - - - - 2,253
Chat Craft and Create - - 232 232
Windfarm expenses 720 - - 720 -
Volunteer expenses 2,369 - - 2,369 -
Pubs and subs 494 - - 494 -
Cycle Hire Project Accessories - - 2,709 2,709 -
22,905 25,165 74,454 122,524 82,569

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

9. Tangible assets

Cost
As at 01 July 2023
Additions
As at 30 June 2024
Depreciation
As at 01 July 2023
Charge for year
As at 30 June 2024
Net Book Value
As at 01 July 2023
As at 30 June 2024		 Playground
Building
Leasehold
Cycles
Total
equipment
Property Improvements
Improvements
2024
£
£
£
£
£
£
22,832
263,216
450,950
25,710
-
762,708
-
-
8,672
-
22,576
31,248
22,832
263,216
459,622
25,710
22,576
793,956
4,566
60,240
91,759
12,855
-
169,420
2,283
5,264
9,192
2,571
4,515
23,825
6,849
65,504
100,951
15,426
4,515
193,245
18,266
202,976
359,191
12,855
-
593,288
15,983
197,712
358,671
10,284
18,061
600,711

10. Governance costs

Independent Examination Feees
Filing Fees		 Total
Total
2024
2023
£
£
350
250
-
13
350
263

11. Debtors

Prepayment and accrued income Total
Total
2024
2023
£
£
214
5,448
214
5,448

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

12. Cash at bank and in hand

Unrestricted Designated Restricted Total Total
Funds
£		 Funds
£		 Funds
£		 2024
£		 2023
£
GCT Main Account 23,780 - - 23,780 12,838
GCT Project account 17,515 - 5,230 22,745 19,302
GCT Community Centre 21,015 1,594 - 22,609 13,452
GFT Windfarm Account - - 67,117 67,117 42,282
62,310 1,594 72,347 136,251 87,874

13. Creditors (falling due within one year)

Unrestricted Designated Restricted Total Total
Funds
£		 Funds
£		 Funds
£		 2024
£		 2023
£
Independent examination 350 - - 350 250
Grants still to be paid - - - - 17,560
Accruals - - 580 580 334
Deferrred income - - 32,558 32,558 -
350 - 33,138 33,488 18,144

14. Movements in deferred income

Windfarm Trust Funds in Advance As at
Funds
Released
As at
30/06/2023
Received
to income30/06/2024
£
£
£
£
-
63,756
(31,198)
32,558
-
63,756
(31,198)
32,558

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

15. Movements in funds

As at Incoming Outgoing As at
Unrestricted funds 30/06/2023
£		 Resources
£		 Resources
£		 Transfers
£		 30/06/2024
£
General fund 32,748 29,017 (22,905) 23,314 62,174
Designated funds
Fixed asset 593,288 - (23,825) 31,248 600,711
Sinking fund 25,000 - (1,340) (22,066) 1,594
618,288 - (25,165) 9,182 602,305
Restricted funds
Windfarm grants fund 24,698 31,866 (9,205) (15,185) 32,174
Net Zero project (5,234) 7,546 - (2,312) -
Sustrain project (Cycle Path) (2,034) 4,075 (2,041) - -
Beeches Project - 54,325 (58,912) 6,500 1,913
Cycles UK - Bike Hire Grant - 30,407 (2,709) (22,576) 5,122
Chat Craft and Create - - (232) 232 -
Signage Project - - (845) 845 -
Stirling Council Activity Grant - 510 (510) - -
17,430 128,729 (74,454) (32,496) 39,209

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

16. Movements in funds (previous year)

As at Incoming Outgoing As at
Unrestricted funds 01/07/2022
£		 Resources
£		 Resources
£		 Transfers
£		 30/06/2023
£
General fund 22,715 23,736 (18,827) 5,124 32,748
Designated funds
Fixed assets 585,488 - (19,137) 26,937 593,288
Sinking fund 24,000 - - 1,000 25,000
-
609,488		 -
-		 -
(19,137)		 -
27,937		 -
618,288
Restricted funds
Windfarm grants fund 30,796 27,675 (21,193) (12,580) 24,698
Pond project - 960 (960) - -
Hillpath project - - (600) 600 -
Community shop project - 5,000 (5,675) 675 -
Net Zero project - 16,522 - (21,756) (5,234)
CAF - parent network - 2,253 (2,253) - -
Sustrain project (cycle path) - 11,890 (13,924) - (2,034)
-
30,796		 -
64,300		 -
(44,605)		 -
(33,061)		 -
17,430
Total funds 662,999 88,036 (82,569) - 668,466

17. Purpose of funds

General fund

Unrestricted funds that can be expended at the discretion of the trustees in furtherance of the objects of the charity.

Designated fixed asset Administrative fund for the allocation of depreciation of the fixed assets

Designated sinking fund Administrative fund for the allocation of monies to be set aside for the future maintenance and upkeep of the Gargunnock Community Centre

Windfarm Grants

Cycle Path Fund

Net Zero Project

Cycle Hire Project

Funds received through Foundation Scotland for the community of Gargunnock and o be allocated and administered by the Trust

Funds received through Sustran towards the cost of a safe cycle path around and adjacent to the centre.

Funding received through the Energy Savings Trust towards the upgrade of the community centre to assist in the building being Net Zero

Funding received Cycles UK to purchase Bicycles and accessories that can be hired within the community.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

18. Comparative Statement of Financial Position (Balance Sheet)

Fixed assets:
Tangible assets
Current assets:
Stock
Debtors
Cash at bank and in hand
Liabilities:
Creditors (due within one year)
Net current assets
Net Assets
Funds of the charity:
Designated Fixed Assets Fund
Designated Sinking Fund
Restricted Fund
Unrestricted funds		 Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
2,023
2,022
£
£
£
£
£
-
593,288
-
593,288
585,488
-
-
-
-
-
214
-
5,234
5,448
5,485
32,784
25,000
30,090
87,874
72,486
32,998
25,000
35,324
93,322
77,971
250
-
17,894
18,144
460
32,748
25,000
17,430
75,178
77,511
32,748
618,288
17,430
668,466
662,999
-
593,288
-
593,288
585,488
-
25,000
-
25,000
24,000
-
-
17,430
17,430
30,796
32,748
-
-
32,748
22,715
32,748
618,288
17,430
668,466
662,999

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

19. Comparative income and expenditure by fund type

Income from:
Donations
Charitable activities
Investments
Expenditure on:
Charitable activities
Net income/ (expenditure)
Transfers
Net movement
Reconciliation of funds
Total Funds B/Fwd
Total Funds C/Fwd		 Unrestricted Funds
2024
2023		 2024
2023
2024
2023
Designated Funds
Restricted Funds
£
£
3,810
3,675
24,735
19,942
472
119		 £
£
£
£
-
-
128,061
64,109
-
-
-
-
-
-
668
191
29,017
23,736		 -
-
128,729
64,300
22,905
18,827		 25,165
19,137
74,454
44,605
22,905
18,827		 25,165
19,137
74,454
44,605
6,112
4,909
23,314
5,124		 (25,165)
(19,137)
54,275
19,695
9,182
27,937
(32,496)
(33,061)
29,426
10,033
32,748
22,715		 (15,983)
8,800
21,779
(13,366)
618,288
609,488
17,430
30,796
62,174
32,748		 602,305
618,288
39,209
17,430