```
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
```