REGISTERED CHARITY NUMBER: SC044094
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
FOR
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
----- Start of picture text -----
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 12
----- End of picture text -----
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended30June2024. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Charity are:
-toproviderecreationalandsocialfacilitiesandeconomicactivitiestoimprovethelivesoftheinhabitantsinBragar and
Arnolandtheirencompassedareasthroughthepreservation,managementanddevelopmentforcommunityuseof the
former Bragar School buildings and grounds;
-toadvancecitizenshipandcommunitydevelopmentandinparticulartheregenerationandimprovementofthe physical,
socialandeconomicinfrastructureoftheareathroughassistingpeopledisadvantagedbecauseofsocialand economic
circumstance, promoting voluntary action and encouraging civic values;
-toadvancethearts,heritage,languageandcultureoftheareathroughpublicexhibitions,communityledservices, and
byprovidingfacilities,namelytheestablishmentandmaintenanceofamuseumwithalong-termcollection preserving
and transmitting knowledge, history and culture for present and future generations;
-toadvanceeducationthroughencouragingabetterunderstandingofthebuiltandnaturalenvironmentofthearea; and
throughcommunitycapacitybuildingandthedevelopmentofindividualskillsandcapabilitiestoimprovethelivesof the
inhabitants of the area and the public in general;
-toprovideforthereliefofpovertyinallitsformsandtopromoteimprovementinthehealthoftheindividualsin the
area,throughservicesandprovisionsarisingfromthedevelopmentofthefacilitiesintheareaandinparticularat or
around the former school;
-tosupportwherepossiblecharitableinstitutionswithrelatedpurposesbyfosteringacommunityspiritforthese and
other such purposes as may by law be deemed to be charitable.
Significant activities
TheprincipalactivityofthecharitywastherunningoftheGrinneabhatcentre,includingthecommunityspace, the
exhibition space, the garden grounds, the café, accommodation and launderette.
The centre brings together three streams of activities;
social, health and wellbeing activities mostly but not exclusively aimed at local people;
cultural and artistic activities with a local, island-wide and international focus; and
economic activities which will help maintain the building and the activities within it.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
TheGrinneabhatcentrehashadaverybusyyearoverallthedifferentareasofoperation-thecommunityand Gaelic
events,theexhibitionspaceandartsprogramme,roomhires,jointworkingwithvariouscommunity and
public/commercialgroups,aswellasthelaunderette,thehostelandthecafé.Thedropinincomeduringthe off-season
ledtoareductioninstaffnumbers.Thecostoflivingandparticularlythehighcostofenergycontinueto present
difficulties for the charity.
FINANCIAL REVIEW
Financial position
Thedeficitfortheyearis£36,559.Unrestrictedfundsat30June2024are£21,026(2023-£13,464)andrestricted funds
are£1,424,521(2023-£1,468,642).Therestrictedfundsreflectthefundingreceivedinrespectofthe redevelopment
of the property.
Principal funding sources
Thecharityhasnocorefundingandisbeginningtodeveloptradingactivitiestohelpfinanceitscharitableactivities. The
charityisalsodependentuponthecontinuedsupportofthepublicfundingagenciesforthedeliveryofthe activities
planned for the organisation and the Grinneabhat Centre.
The principal grant funding sources for the year are detailed in note 5 to the financial statements.
Page 1
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
FINANCIAL REVIEW
Reserves policy
ThecapitalcostsfortheGrinneabhatCentrewerefullyfundedandallpaymentshavebeencompleted.Areserves policy
hasbeenputinplace,whichstatesthatUCBAshouldhaveaminimumofthreemonthsworthofreservesto meet
running costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TheCharitybecameaScottishCharitableIncorporatedOrganisationon21June2013andthepurposes and
administration arrangements are set out in the constitution.
Recruitment and appointment of new trustees
Recruitment and appointment of new trustees
UndertherequirementsoftheconstitutionthetrusteesareappointedattheAnnualGeneralMeeting.Onethird of
trustees (to the nearest round number) retire at each Annual General Meeting and are eligible for re-election.
Organisational structure
Voluntarytrusteesmanagetheaffairsofthecharitythroughregularmeetings.Decisionsfromthetrustees are
implemented by the Manager.
Induction and training of new trustees
The charity undertakes training for trustees to ensure awareness and understanding of:-
-
the responsibilities of directors;
-
the organisational structure of the charity;
-
the financial position of the charity;
-
the future plans and objectives of the charity; and
-
the artistic programme of the charity.
Wider network
Thecharityhasestablishedlinkswithotherorganisationsandagenciestofostertheaimsandobjectivesof the
organisation.
Risk management
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
Thesystemsoffinancialcontrol,whicharedesignedtoprovidereasonableassuranceagainstmaterialmisstatement or
loss, currently include the following:
-
a business plan and an annual budget approved by the trustees;
-
regular consideration by the trustees of actual results compared with budgets and forecasts; and
-
identification and management of financial risks by the trustees and management.
Principal Risks and Uncertainties
Thecharityisadiverseorganisation,providingservicestoawiderangeofindividualsandorganisations,with the
principalareasofbusinessbeingcommunityengagementandservice.Itreliesongrantsandawardsaswellas self
generated trading income to deliver its aims and objectives to the benefit of the local community.
Theprincipalrisksfacingthecharityarethatitstradingactivitiesdonotraiseasmuchmoneyasforecastandthat grants
and awards are limited due to austerity or other causes, so restricting the charity's ability to operate as intended.
Thecentrehasnowbeencompletedandfundinghasnowbeensecuredandsoughtafterwhichenablesthecharity to
deliver it's planned activities.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
SC044094
Page 2
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
Principal address
Grinneabhat
North Bragar
Isle of Lewis
Western Isles
HS2 9DA
Trustees
Independent Examiner
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
Approved by order of the board of trustees on 27 June 2025 and signed on its behalf by:
Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
I report on the accounts for the year ended 30 June 2024 set out on pages five to twelve.
Respective responsibilities of trustees and examiner
Thecharity'strusteesareresponsibleforthepreparationoftheaccountsinaccordancewiththetermsofthe Charities
andTrusteeInvestment(Scotland)Act2005andtheCharitiesAccounts(Scotland)Regulations2006(asamended). The
charity'strusteesconsiderthattheauditrequirementofRegulation10(1)(a)to(c)oftheAccountsRegulationsdoes not
apply.ItismyresponsibilitytoexaminetheaccountsasrequiredunderSection44(1)(c)oftheActandtostate whether
particular matters have come to my attention.
Basis of the independent examiner's report
MyexaminationwascarriedoutinaccordancewithRegulation11oftheCharitiesAccounts(Scotland)Regulations 2006.
Anexaminationincludesareviewoftheaccountingrecordskeptbythecharityandacomparisonofthe accounts
presentedwiththoserecords.Italsoincludesconsiderationofanyunusualitemsordisclosuresintheaccounts, and
seekingexplanationsfromyouastrusteesconcerninganysuchmatters.Theproceduresundertakendonotprovide all
theevidencethatwouldberequiredinanaudit,andconsequentlyIdonotexpressanauditopinionontheviewgiven 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.
The Chartered Institute of Management Accountants
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
27 June 2025
Page 4
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2024
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
5
Charitable activities
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Charitable activities
6
Charitable activities
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
fund
£
3,590
3,377
55,493
205
62,665
55,103
7,562
13,464
21,026 |
Restricted
fund
£
-
51,324
4,210
-
55,534
99,655
(44,121)
1,468,642
1,424,521 |
30.6.24
Total
funds
£
3,590
54,701
59,703
205
118,199
154,758
(36,559)
1,482,106
1,445,547 |
30.6.23
Total
funds
£
94
48,314
39,177
258
87,843
160,926
(73,083)
1,555,189
1,482,106 |
|
|
|
|
|
The notes form part of these financial statements
Page 5
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
BALANCE SHEET
30 JUNE 2024
Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
fund
£
11,333
18,575
24,398
42,973
(33,280)
9,693
21,026
21,026 |
Restricted
fund
£
1,384,455
38,866
1,200
40,066
-
40,066
1,424,521
1,424,521 |
30.6.24
Total
funds
£
1,395,788
57,441
25,598
83,039
(33,280)
49,759
1,445,547
1,445,547
21,026
1,424,521
1,445,547 |
30.6.23
Total
funds
£
1,436,482
45,895
18,580
64,475
(18,851)
45,624
1,482,106
1,482,106
13,464
1,468,642
1,482,106 |
|
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon27June2025and were
signed on its behalf by:
- Trustee
The notes form part of these financial statements
Page 6
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
andTrusteeInvestment(Scotland)Act2005.Thefinancialstatementshavebeenpreparedunderthe historical
cost convention.
Thefinancialstatementsarepreparedinsterlingwhichisthefunctionalcurrencyofthecharityandare rounded
to the nearest £.
Going concern
Thetrusteeshaveassessedthecharity'sabilitytocontinueasagoingconcernanddonotconsiderthereto be
any material uncertainties about the charity's ability to continue as a going concern.
Financial reporting standard 102 - reduced disclosure exemptions
Thecharityhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancialstatements, as
permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
the requirements of Section 7 Statement of Cash Flows.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothe income,
thereissufficientcertaintyofreceiptandsoitisprobablethattheincomewillbereceived,andtheamount of
incomereceivablecanbemeasuredreliably.Incomereceivedinadvanceisdeferreduntilthecriteriafor income
recognition are met.
GrantsreceivablearecreditedtotheStatementofFinancialActivitieswhenreceivablewhereentitlementis not
conditionalonthedeliveryofaspecificperformancebythecharity.Grantsrelatedtoperformanceand specific
activitiesareaccountedforwhenthecharityhascompletedtherelatedundertakings.Grantsreceivedwhich are
relatedtocapitalexpenditureareheldwithinrestrictedfundsandareutilisedtofundthefuturedepreciation of
the related capital expenditure.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.ExpenditureincludesanyVATwhichcannotbefullyrecovered,andisreportedaspartof the
expenditure to which it relates.
Charitable activities
Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsobjectsandactivities. It
includesbothcoststhatcanbeallocateddirectlytosuchactivitiesandthosecostsofanindirectnature necessary
to support them. The allocation of direct and support costs are analysed in the notes to the financial statements.
Governance costs
Governancecostsincludethosecostsassociatedwithmeetingtheconstitutionalandstatutoryrequirements of
the charity and include the audit fees and costs linked to the strategic management of the charity.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property- 2% on cost
Plant and machinery- 20% on reducing balance
continued...
Page 7
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Computer equipment- 25% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
Intheapplicationofthecharity'saccountingpolicies,thetrusteesarerequiredtomakejudgements, estimates
and assumptions that affect the amounts reported for assets, liabilities, income and expenditure.
Theestimatesandassociatedassumptionsarebasedonhistoricalexperienceandotherfactorsthat are
considered to be relevant. Actual results may differ from these estimates.
Theestimatesandassumptionsarereviewedonanongoingbasis.Revisionstoaccountingestimates are
recognised in the period in which the estimate is revised and in future periods should it affect future periods.
Theestimatesandassumptionswhichcarryahigherdegreeofriskofcausingamaterialadjustmentto the
carrying amount of assets and liabilities are as follows:
Useful economic lives of tangible fixed assets
Theannualdepreciationchargefortangiblefixedassetsissensitivetochangesintheestimateduseful economic
livesandresidualvaluesoftheassets.Theyareamendedwhennecessarytoreflectcurrentestimates, future
investment,economicutilisationandthephysicalconditionoftheassets.Seenote10fordetailsofthevalues of
tangible fixed assets.
3. OTHER TRADING ACTIVITIES
Fundraising events
Rental income & room hire
Laundry
Employment allowance |
30.6.24
30.6.23
£
£
6,772
2,985
46,104
31,755
2,617
-
4,210
4,437
59,703
39,177 |
30.6.24
30.6.23
£
£
6,772
2,985
46,104
31,755
2,617
-
4,210
4,437
59,703
39,177 |
|
|
39,177 |
continued...
Page 8
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Charitable activities
Membership fees
Charitable activities
Other income
Charitable activities
Insurance Claims
Charitable activities
Grants received, included in the above, are as follows:
Hands up for Trad
Robertson Trust
Western Isles Development Trust
Highlands & Islands Enterprise
National Lottery Community Assets Fund
Bord na Gaidhlig
Comhairle nan Eilean Siar
Feisean nan Gaidheal
Community Land Scotland - Gaelic Fund
Calmac Ferries Ltd
Royal Society of Edinburgh
6.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7)
£
Charitable activities
150,093 |
30.6.24
30.6.23
£
£
205
258
30.6.24
30.6.23
£
£
51,324
46,018
337
278
2,123
2,018
917
-
54,701
48,314
30.6.24
30.6.23
£
£
-
950
-
13,000
749
-
-
4,894
15,660
-
17,622
13,984
12,098
11,090
195
-
-
1,000
-
1,100
5,000
-
51,324
46,018
Support
costs
Totals
£
£
4,665
154,758 |
|
|
continued...
Page 9
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Repairs & maintenance
Fundr, events & project costs
Subscriptions
Travel
Cleaning & Laundry
Legal & professional fees
Donations
Depreciation |
30.6.24
£
60,693
2,779
10,786
19,342
1,517
728
846
335
5,308
2,993
2,159
83
535
502
50
41,437
150,093 |
30.6.23
£
61,713
4,174
6,330
13,984
2,714
950
405
577
8,532
6,863
1,720
6,855
1,668
1,378
100
41,437 |
|
|
159,400 |
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2024norfortheyear ended
30 June 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.
9. STAFF COSTS
The average monthly number of employees during the year was as follows:
Charitable activities
Management and administration |
30.6.24
30.6.23
1
3
2
2
3
5 |
30.6.24
30.6.23
1
3
2
2
3
5 |
|
|
5 |
No employees received emoluments in excess of £60,000.
continued...
Page 10
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
93
Charitable activities
Charitable activities
2,296
Other trading activities
34,740
Investment income
258
Total
37,387
EXPENDITURE ON
Charitable activities
Charitable activities
58,310
NET INCOME/(EXPENDITURE)
(20,923)
RECONCILIATION OF FUNDS
Total funds brought forward
34,387
TOTAL FUNDS CARRIED FORWARD
13,464
11.
TANGIBLE FIXED ASSETS
Freehold
Plant and
property
machinery
£
£
COST
At 1 July 2023
1,506,495
48,806
Additions
-
-
At 30 June 2024
1,506,495
48,806
DEPRECIATION
At 1 July 2023
89,910
30,454
Charge for year
30,130
9,761
At 30 June 2024
120,040
40,215
NET BOOK VALUE
At 30 June 2024
1,386,455
8,591
At 30 June 2023
1,416,585
18,352 |
|
Restricted
fund
£
1
46,018
4,437
-
50,456
102,616
(52,160)
1,520,802
1,468,642
Computer
equipment
£
6,183
742
6,925
4,638
1,545
6,183
742
1,545 |
Total
funds
£
94
48,314
39,177
258
87,843
160,926
(73,083)
1,555,189
1,482,106
Totals
£
1,561,484
742
1,562,226
125,002
41,436
166,438
1,395,788
1,436,482 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
Page 11
URRAS COIMHEARSNACHD BHRADHAGAIR AGUS
ARNOIL (BRAGAR & ARNOL COMMUNITY TRUST)
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
VAT
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 14)
Trade creditors
Taxation and social security
Other creditors |
30.6.24
30.6.23
£
£
320
172
57,121
43,853
-
1,870
57,441
45,895
30.6.24
30.6.23
£
£
94
-
19,869
14,082
3,356
1,820
9,961
2,949
33,280
18,851 |
30.6.24
30.6.23
£
£
320
172
57,121
43,853
-
1,870
57,441
45,895
30.6.24
30.6.23
£
£
94
-
19,869
14,082
3,356
1,820
9,961
2,949
33,280
18,851 |
|
|
18,851 |
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
14. LOANS
An analysis of the maturity of loans is given below: |
|
|
|
|
30.6.24 |
30.6.23 |
|
|
£ |
£ |
|
Amounts falling due within one year on demand: |
|
|
|
Bank overdrafts |
94 |
|
- |
15. MOVEMENT IN FUNDS
FUNDS
General fund
Thegeneralfundrepresentsunrestrictedfundswhichthetrusteesarefreetouseinaccordancewith the
charitable objects.
Restricted fund
Thisrepresentsthefundsraisedfromvariousorganisationstoassistinthedevelopmentofthenew community
centre and to assist in the funding of wages posts.
16. RELATED PARTY DISCLOSURES
UrrasCoimhearsnachdBhradhagairagusArnoil('UCBA')providedfundingtoGrinneabhatCICtoassist with
establishing the business. The balance due to UCBA at 30 June 2024 is £57,123.
Page 12