MORNINGSIDE HERITAGE ASSOCIATION SCIO
REPORT AND ACCOUNTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024
Scottish Charity Number: SC044409
Morningside Heritage Association is aPage—|1 Scottish charity, number SCO44409
MORNINGSIDE HERITAGE ASSOCIATION SCIO TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
- REFERENCE AND ADMINISTRATION DETAILS
Charity Name: Morningside Heritage Association Registered Charity Number: S$C044409 Charity’s Principal Address: a
Names of the charity Trustees on the date of approval of the Trustees’ Annual Report.
- STRUCTURE, GOVERNANCE AND MANAGEMENT
Type of governing document
Morningside Heritage Association was formed as a Scottish charitable incorporated organisation on 12 November 2013. Its purposes and its administrative arrangements are set out in its Constitution.
Trustee recruitment and appointment
During the year ended 30 September 2024 the charity had 10 Trustees serving on its Management Committee.
No payments were made to Trustees during the accounting period other than the reimbursement ofoutlays made by them.
Morningside Heritage Association is a registered Scottish charity, number SC044409
, |
- OBJECTIVES AND ACTIVITIES
Charitable Purposes
The purpose of the charity is the advancement ofeducation, the arts, heritage, culture or science.
Summary of the main activities in relation to these objectives
During the year, the organisation sought to promote the advancement of education in the Morningside community in Edinburgh with regard to the history of[the][locality][and] its environs. It did so by holding seven public lectures. These took place in the Braid Hall of Morningside Parish Church.
During the year ended 30 September 2024, five visits to local places of historical interest took place.
= ACHIEVEMENT AND PERFORMANCE During the year ended 30 September 2024, the number of paying members grew to around 140. Over the year, the Association attracted nearly 20 new members.
In the year, the seven winter lectures and the five summer events were strongly supported by the membership.
Morningside Heritage Association remains open to anyone in sympathy with the organisation’s charitable purposes.
5 FINANCIAL REVIEW In the accounting year ended 30 September 2024, Morningside Heritage Association’s financial position improved by recording a surplus of £10,423 on its Income and Expenditure account.
In 2024, with the increasing number of members, receipts from subscription income grew significantly compared with the previous year.
In addition, £8,202 of donations were received for a new project involving the restoration of a wall in Morningside containing Trinity Stones. It is hoped that this project will be completed in the next financial year.
The higher subscription and donation income also gave rise to an increased gift aid recovery from HMRC.
The Association’s day to day expenditure saw a reduction as a number of one-off costs arising in 2023 did not occur in the year ending 30 September 2024.
At 30 September 2024, the organisation held General Funds of £18,404 which were represented by monies held in its two bank accounts.
Morningside Heritage Association is a registered Scottish charity, number SC044409 Page |3
The Association has good financial controls whereby the accounting systems are kept up to date, the bank account is reconciled monthly and all cheque expenditure requires two signatories.
po has carried out the Annual Review ofthe annual accounts for the year ended 30 September 2024 and the Management Committee has thanked him for his work.
DECLARATION
This report, setting out the activities of Morningside Heritage Association in the year ended 30 September 2024, was approved by its Committee on 28" October 2024 and was signed on their behalf by:
Treasurer 15 November 2024
Morningside Heritage Association is a registered Scottish charity, number SC044409 Page |4
MORNINGSIDE HERITAGE ASSOCIATION SCIO INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 30 SEPTEMBER 2024
| Year | Year | ||
|---|---|---|---|
| Ended | Ended | ||
| 30 Sept 2023 | 30 Sept 2024 | ||
| INCOME | £ | £ | |
| Subscriptions and Donations | |||
| Subscriptions | 1,392 | 1,752 | |
| Donations | __9 | _63 | |
| 1,401 | 1,815 | ||
| Other Income | |||
| Visitor income | 117 | 95 | |
| Summer events income | 930 | 338 | |
| Sale ofpublications and mugs | 324 | 27 | |
| Trinity Stones Project | . | 8,202 | |
| Bank Interest | 25 | 49 | |
| HMRC Tax Repayments | _237 | 2,347 | |
| Total Income | 3,034 | 12,873 | |
| Year | Year | ||
| Ended | Ended | ||
| 30 Sept 2023 | 30 Sept 2024 | ||
| EXPENDITURE | ra | £ | |
| Printing, Postage and Advertising | 116 | 93 | |
| Hire ofHalls | 665 | 703 | |
| Speakers’ Fees and Zoom costs | 350 | 350 | |
| AGM Expenses | - | 100 | |
| Summer Events Expenses | 678 | 565 | |
| Gifts | 112 | 198 | |
| Printing Morningside Memories 2 | 544 | - | |
| Insurance | 75 | 90 | |
| Website Development and Maintenance | Costs | 155 | 120 |
| ICO Data Protection Costs | - | 33 | |
| Sundry Total Expenditure |
__74 2.769 |
_196 2.450 |
|
| Surplus/(Deficit)fortheyear | 265 | 10,423 |
Morningside Heritage Association is a registered Scottish charity, number SC044409 Page |5
| |
MORNINGSIDE HERITAGE ASSOCIATION SCIO STATEMENT OF BALANCES AS AT 30 SEPTEMBER 2024
| At | At | ||
|---|---|---|---|
| 30:09:23 | 30:09:24 | ||
| E | |||
| ASSETS | |||
| Current Bank Account | 1,694 | 12,067 | |
| Virgin Money Deposit account | 6.287 | 6.337 | |
| 7,981 | 18,404 | ||
| GENERAL FUNDS | £ | rE | |
| Opening balance at | 1 October 2023 | 7,716 | 7,981 |
| Surplus/ (Deficit) for Year | 265 | 10,423 | |
| Closingbalanceat30September2024 | 7,981 | 18,404 |
These financial statements for the year ended 30 September 2024 have been properly prepared using the accounting and bank records ofthe[organisation.]
These accounts have been approved by the Committee of Morningside Heritage Association on 28 October 2024 and signed on their behalf by:
Treasurer 15 November 2024
Scottish Charity No: SC044409
|
Morningside Heritage Association is a registered Scottish charity, number SC044409 Page |6
| |
MORNINGSIDE HERITAGE ASSOCIATION SCIO NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
-
All monies received by the organisation in the year are unrestricted funds. Accordingly, the Trustees are free to utilise these funds as they see fit within the terms of the Constitution.
-
| No expenses were paid to any charity Trustee during this accounting period other than the reimbursement of expenses.
-
| No remuneration was paid during the period to any charity Trustee, or any person connected to a Trustee.
-
No transactions took place with Trustees, or connected persons of Trustees, during the accounting period.
-
All money received by the charity are paid into the organisation’s bank accounts. All payments have been made by cheque signed by two of the Committee authorised todo so.
Morningside Heritage Association is a registered Scottish charity, number SC044409 Page |7
Independent Examiner’s Report to the Trustees of Morningside Heritage Association Scottish Charity Number: SC044409
I report on the accounts of the charity for the year ended 30 September 2024 which are set out on pages 5 to 7.
Respective duties 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. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 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 examiner’s statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of[the][accounting][records] kept by the charity and a comparison ofthe accounts presented with those records. It also includes a consideration of any unusual matters 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 the course of my examination, no matter has come to my attention
-
l. which gives me reasonable cause to believe that, in any material respect, the requirements:
-
(a) to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
-
(b) to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
-
have not been met, or
-
to which, in my opinion, attention should be drawn in order to enable a proper |7
Morningside Heritage Association is a registered Scottish charity, number SC044409 Page |8
15 November 2024