Charity reglstratlon number SC045451 (Scotland Company reglstratlon number CS001865 (Scotland CROMARTY & RESOLIS FILM SOCIETY (SCIO) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A9 Accountancy Limited Independent Examiner Elm House Cradlehall Business Park Inverness IV2 5GH
CROMARTY & RESOLIS FILM SOCIETY (SCIO) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Charfty number IScotland> SC045451 Company number CS001865 Reglstered offlce Independent examiner A9 Accountancy Limited Elm House Cradlehall Business Park Invemess United Kingdom IV2 5GH
CROMARTY & RESOLIS FILM SOCIETY (SCIO) CONTENTS Page Trustees, report Statement of trustee5' responsibilities Independent examiner's report statement of financial activities Balance sheet Notes to the financial statements 8-17
CROMARTY & RESOLIS FILM SOCIETY (SCIO) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities and Trustee Investment (Scotland} Act 2005, the Charities Accounts (Scotland) Regulations 2006 {as amended) and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019). Objectives and activities The objectives and aims of the charity remain the promotion of cultural and leisure activities to communities in the Highlands of Scotland. The society achieves its aims through the provision of recrealional film screenings and related events, with the objective of improving the conditions of life for these rural communities. From April 2024-Mar¢h 2025 the cinema screened 200 films in the partnership with Eden Court (up from 156 the previous year) with an average capacity of 610/0 which is slightly down from the 63 /0 achieved the previous year probably reflecting the increase in the number of screenings andlor the popularity of significant releases in the period. In addition. a number of special events occurred including= Pay what you can screenings Cromarty Kicks Ass season curated by volunteers focusing on classic action movies. Another film Noir season programmed and introduced by a local community member Screenings followed by Q&A with invited directorsl guests, including one in collaboration wilh Highland Good Food Partnership Special illustrated talks on archaeology and art history The classic Film Club continued screenings for older members of the community lce per month New Groups have started utilising the Cinema including Cromarty Fourways Club and Aberdeen University Ongoing Schools Programme supported by the Middleton Trust A screening for Fortrose Academy Pupils The cinema continued to offer private hires for which the cinema has more demand than we can handle as we prioritise public screenings, but by offering incentives lo our volunteers we were able to increase the number of hires from 55 to 79 in the past year which has helped our income. In addition we have increased our paid memberships to 170 people. The ongoing employment of the part time Cinema Manager remains an essential component of operatior6. To ensure sustainability of the cinema operations at the current level the truslees agreed to absorb the full cost of the post until 31 March 2025. As CRFS was willing lo cover the costs of the role but does not wish to become an employer it was agreed that the individual will remain an employee of Eden Court, with a contract specitying the terms of reference for work with the Cromarty Cinema. The Trustees were successful in their application for Creative Scotland Multi-year Funding which will guarantee sufficienl revenue to continue to employ the part time cinema manager for Ihe next three years. Another significant investment was the tarmacking of the cinema car park at a cost of £44,315 which was grant aided by £35,816 with the cinema committing £5,499 of its funds. This is a major improvement in terms of ease of access, drainage and health and safety.
CROMARTY & RESOLIS FILM SOCIETY (SCIO) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performanGe Signifan1 activities and achievements againsl objectives Flnanclal revlew Resernes policy The trustees acknowledge their responsibility to ensure sufficient funds are available to safeguard the charity'$ Jture activrties. The reseThe policy of the charity is to retain sufficient unrestricted funds equal to six months of the annual running costs which is deemed to be around £20,000. The unrestricted general funds represent&1 by liquid cash balances as al 31 March 2025 was £20,425 and the surplus for the year 24125 was £11,697 which includes £11,811 of building and equipmerrt depreciation. The reseThes level has been achieved this year and in the pnor year. The trustees are of the opirion that wilh careful management the funds available are sufficient to secure the continuing activilies of the charity. asofEx ndilure The role of the Cinema Manager remains our largest annual expenditure bLrt without this post we would be forced to $1gnificantly reduce our operations which Trustees feel would lead to a cycle of decreased audience numbers and income. Consequently, Trustees remain committed to finding additional rèvenue streams to cover this cost. Princi al Fundin Sources The society's receipt of Multi-year grant funding from Crealive Scotland of £50,000 per annum for three years from April 2025 is obviously a significant boost to the ongoing operation of the cinema and will allow the Society to undertake a range of new activities. develcp our audience, improve our governance and potentially increase the number of screenings. Ticket sales and membership will continue lo be a significant source of fundiro and the Trustees are aware that the funding from Creative Scotland is time limited and subject to ongoing performance review. Plans for future periods Key actions over the next e1ve months include.. Continuation of the SCTeenings in partnership with Eden Court at a slightly enhanced level New Special Seasons Continuation of the schools programme and classic film Club Implementation of plans for additional revenue including sponsored SCenIng5, bequests, donations, increased ticket sale5, etc. Installation of an EV charging station at the Cinema car park Securing funding for and implementing a comlx'ned PVIBatt6ry installation to further reduce our electricity costs. Structure, governance and management Cromarty & Resolis Film Society is a Scottish Charitable Incorporated Organisation (SCIO). To reflect Ihe society's focus on tha Cinema and the increased importance of volunteers in our operations, the charity conslrtution was revised. The revised constilution was approved at an EGM in January 2024 and appfoved by OSCR in February. The trustees, who are also the diredors for the purpose of company law, and who served during the year and up to the date of sign8tiire of the financial statements were.. Reciuilnieiit aiid 8ppoiiplriFenl oftruslees In the year under review. Ihe charity began and ended with the same five trustees.
CROMARTY & RESOLIS FILM SOCIETY (SCIO) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Oral71.all0na1.tln1r1Il. The day lo da>, operation5 are delegated by Ihe IflJSlees lo Ihe registerecl volunleers in the conlexl ol polices and procedlires approved by Ihe Irustees which sel out the requiTed 51andaid of good PTaclice. The Iruslees are responsible for Approving operational policies and proceduies Approving and reviewng the aims and obieclives Setting the pay and condilioiis of employmenl for all stall Reviewing all aspects of the organisalion's performance Oversighl of all property management Te181ed matters Risk management The trustees recognise their duly to idenlity and review the risks lo whth the chanty is exposed antt lo ensure Ihat appropriate controls are in place lo provide reasonable 8ssur8nce a9ain51 fraud an•J eiror. The twstees are confidenl Ihat these provide reasonable. bul not absolule. protection agairksl material misstatemenl and loss. . sl*< repDrl approved by the Board ol Trustees. ee Date. I"/>c.
CROMARTY & RESOLIS FILM SOCIETY (SCIO) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors of Cromarty & Resolis Film Society (SCIOI for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resour$, including the income and expenditure, of the charitable company for that year. In preparing these financial statemenls, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts {Scotlandl Regulations 2006. They are also responsible for safeguarding the assels of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities.
CROMARTY & RESOLIS FILM SOCIETY (SCIO) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CROMARTY & RESOLIS FILM SOCIETY (SCIO) I report on the financial stalements of the charity for the year ended 31 March 2025, which are set oul on pages 6 to17. Respective responsibilities of trustees and examiner The charity's trustees, who are also the directors of Cromaty & Resolis Film Society (SCIO) for the purposes of company law, are responsible for the preparation of the financial slatements in accordance with the terms of the Chanties and Trustee Investments (Scotland) Act 2005 and the Charities Accounts Iscotland) Regulations 2008. The trustees consider that the audit requirement of Regulation 1011)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibilty to examine the financial statements as required under section 44(1)Ic) of the Act and to state whether particular matters have come to my attention. Basis of independent examinerfs statement My examination is carried out in accordance with Regulation 11 of the CharFties A¢counts (Scotland) Regulalions 2006. An examination includes a review of the accountin9 records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concefning any such matters_ The procedures undertaken do noi provide all the evidence that would be required in an audit and consequently I do not express an audil opinion on the view given by the financial statemenis. Independent examlner's statement In conneth'on with my examination, no matter has come to my attention.. (a) which gives me reasonable cause to believe that in any material respect the requirements- (i) to keep accounting records in accordance with section 44{1) (a) of the 2005 Act and Regulation 4 cl the 2006 Accounts Regulations.. and {ii) to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations; have not been met or (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of financial statements to be reached. A9 Accountsncy Limited Elm House Cradlehall Business Park Invemess IV2 5GH United Kingdom Dated..
CROMARTY & RESOLIS FILM SOCIETY (SCIO) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Unrestrlcted funds funds general Designated 2025 2025 Restrlcted funds Total Total 2025 2025 2024 Notes Income from: Donations and legacies Charitable activities Investments 7,500 21,334 481 35,815 43,315 21,334 481 22,789 20,878 404 Total income 29,315 35,815 65,130 44,071 Expenditure on: Charitable activities 51,514 1,919 53,433 54,677 Total expenditure 51.514 1.919 53,433 54,677 Net incomel(expenditure) {22.199> (1,919) 35,815 11,697 {10,606) Transfers beeen funds 35,815 (35,815) Net movement in funds 13,616 (1,919) 11,697 (10,6061 Reconciliation of funds: Fund balances at l April 2024 302,750 2,934 305,684 316,290 Fund balances at 31 March 2025 318,366 1,015 317,381 305,684 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
CROMARTY & RESOLIS FILM SOCIETY ISCIO) BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Intangible assels Tangible asse15 11 12 1,200 297,055 1.800 263 452 298.2S5 265.252 Currenl assets Debtors Cash at bank and in hand 13 2.455 20.425 2.176 41,738 22,880 43.914 Credilors: amounts falling due within one year 14 (3,754) 13.482) Net Currenl assets 19,126 40,432 Totsl assets less current liabilities 317,381 305.684 The funds of the charity Unreslricled fund5 - general Unre51ricled funds - Designaled 17 16 316,366 1.015 302.750 2.934 317,381 305.684 The company is entitled to the exemption from the audit fequiremenl contained in 5eclion 477 of the Ccmpanies Act 20D6. for the year ended 31 March 2025 The Oiiectors acknoedge their responsibiliiies foT comptying the requiremenls of the Comwies Act 20L wilh resp¢tt to accounting fecords and the preparation of firkincial slalement5. The rnembeis have nol required the company lo oblan an audit of ils finanual statements for the year in question in accordance Y*th Section 476. These finanoal stalemenls have been prepared in accordance wilh the provisions aPpIable to companies suty'ecl lo the small companies regime. Tb anriel 5t>lerneDls werp 8PPToved by Ihe Injslees on Company regisiralion numbeT CS001865 (Scollandl
CROMARTY & RESOLIS FILM SOCIETY (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charlty Information Cromarty & Resolis Film Society is a Scottish Charitabla Incorporated Organisation (SCIO) The address of ils re Istered office is.. 1.1 AGGounting convention The financial statements have been prepared in accordance with the charity's goveming document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005. the Chanties Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporling Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not lo prepare a statanent of cash flows The financial stalements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these fsnancial statements are rounded to the nearest £. Cromarty & Resolis Film Society (SCIO) meets the definttion of a public benefit entity under FRS 102. Assets and liabilities are Initially recognised at hislorical c05t or transaction value unless otherwise staled in the relevant accounting policy notes. 1.2 Golng concern At the time of approvlng the financial slatements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trLBle8S continue to adopt the going concern basis of aCunting in preparing the financial stalements. 1.3 Charltsble funds Unrestricted income funds are general funds that are available for us8 at the trustees discreb'on in further8nce of the objectives of the chanty. Designated funds are unrestricted funds set aside for specific purposes al the discretion of the trustees, 1.4 In¢ome Income is recognised when the charity is legally enlitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Donations are recognised when the chanty has been notified in writing of both the amount and setdement date In the event that a donation is subject to conditions that require a level of performance by the charty before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met. or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting peiiod. Grants are recognised when the charity has an entitlement lo thé funds and any conditions linked to the grants have been met. ere performancé conditions are attached to Ihe grant and are yet to be met, the income is recognisèd as a liability and included on the balance sheet as deferred income to be released.
CROMARTY & RESOLIS FILM SOCIETY (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligalion can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. INhere costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are aSlocated based on the spread of staff costs. Chantable activities Charitable expenditure compromises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activtties and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a Ixsis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, stralegic management and trustees meetings and reimbursed expenses. 1.6 Intangible flxed assets other than goodwill Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulaled amortisalion and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwll at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow lo the entity and the fair value of the asset can be measured reliably., the intangible asset arises from contractual or other legal rights.. and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Website 200/0 Straight line 1.7 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Land and buildings Furniture and equipment 2 % slraight line 20 % reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
CROMARTY & RESOLIS FILM SOCIETY (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.8 Impairment of fixed assets At each reporting end date. the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call wrth banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liabilrty simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction Pri including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or SeICe5 that have been acquired in the ordinary course of operations from suppliers Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 10-
CROMARTY & RESOLIS FILM SOCIETY (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinuedl 1.12 Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Critical accountlng estimates and Judgements In the application of the charity's accounting policies, the trustee5 are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2025 Restricted funds 2025 Total Restricted funds 2024 Total 2025 2024 Donations and gifts Grants 3.250 4.250 3,250 40,065 139 22,650 35,815 7,500 35,815 43,315 22,789 Grants receivable for core activities Creative Scotland Middelton Trust The Highland Council Iliam Sy50n Trust Film Hub Scotland 10,000 2,550 7,850 2,250 35,815 35,815 4,250 4,250 4,250 35,815 40,065 22,650 11
CROMARTY & RESOLIS FILM SOCIETY (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activlties Unrestrlcted funds 2025 Unrestrlcted funds 2024 Charitable actlvltles Cinema 21,334 20,878 Income from Investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 481 404 Expenditure on charltable activities Charitable activities 2025 Charitable activities 2024 Direct costs Depreciation and impairment Cinema 11,811 32,157 12,045 31,034 43,968 43,079 Share of support and governance costs (see note 7) Support Governance 7,830 1.635 10,133 1.465 53,433 54,677 Analysis by fund Unrestricted funds - general Unrestricted funds - Designated 51,514 1,919 40,574 14,103 53,433 54,677 12-
CROMARTY & RESOLIS FILM SOCIETY (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities 2025 2024 Accountancy Rent Light, heat and power Building expenses Computer Soare and maintenance Telephone and fax Printing, postage & stationery Insurance Subscriptions Govemance costs 3.246 167 1,690 421 1.185 450 305 326 40 1,635 2,904 167 1,830 561 3,084 469 227 996 95 1,465 9.465 11.598 Analysed between: Charitable aclivities 9.465 11,598 Governance costs include payments to the independent examiner of £1,635 {2024 - £1,465) for independent examination fees. Independent examinerfs rèmuneratlon 2025 2024 Examination of the financial statements 1.635 1,465 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charty during the year. During the year payments of £30 (2024 - £NilJ were made I incurred for the charity. The payments were approved by the with the charity's governing document. lo reimburse him for expenses Stees and made in accordance During the year payments of £1,800 (2024 - £1,800) were made to for social media services The payments were approved by the other charity trustees and made in accordance with the charivs goveming document 10 Taxatlon The charily is exempt from taxation on its activities because all its income is applied for charitable purposes. 13-
CROMARTY & RESOLIS FILM SOCIETY (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Intangible fixed assets Website Cost At 1 April 2024 and 31 March 2025 1,800 Amortlsation and impalrment At 1 April 2024 Amortisation charged for the year 600 At 31 March 2025 600 Carrying amount At 31 March 2025 1.200 At 31 March 2024 1,800 12 Tangible flxed assets Land and Furniture and buildlngs equipment Totsl Cost At 1 April 2024 Additions 265,113 44,265 72,304 550 337,417 44,815 At 31 March 2025 309,378 72,854 382,232 Depreciation and Impairment At 1 April 2024 Depreciation charged in the year 26.231 6.188 47.734 5,024 73.965 11,212 Al 31 March 2025 32.419 52,758 85,177 Carrylng amount At 31 March 2025 276,959 20,096 297,055 At 31 March 2024 238,882 24,570 263,452 13 Debtors 2025 2024 Amounts falllng due withln one year: other debtors Prepayments and accrued income 118 2,337 1,366 810 2,455 2,176 14-
CROMARTY & RESOLIS FILM SOCIETY (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Credltors: amounts falllng due within one year 2025 2024 Other tsxation and social security Trade creditors Accruals and deferred income 184 2,025 1,545 467 1,635 1,380 3.754 3,482 15 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2024 Incoming resources Transfers At 31 March 2025 Highland Council 35,815 (35,815) The specific purposes for which the funds are to be applied are: Highland Council Grant received towards the upgrade of the car park. This has been transferred b unrestricted funds as the cark park is now complete. 16 Unrestricted funds - Designated At 1 Aprll 2024 Incoming resources Resources At 31 March expended 202S Middleton Trust 2,934 (1,919) 1,015 Prevlous year: At 1 April 2023 Incoming resources Resources At 31 March expended 2024 Middelton Trust The Highland Council William Syson Trust 4,387 2,550 7,850 2,250 (4.003} {7,850) (2,250) 2,934 4.387 12.650 {14,103) 2,934 15-
CROMARTY & RESOLIS FILM SOCIETY (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Unrestricted funds - Designated (Continued) The specific purposes for which the funds are to be applied are as follows- The Middleton Trust grant was provided for a schools youth cinema project. The Highland Council and Imlliam Syson Foundation grants were provided for in connection with the community cinema. 17 Unrestricted funds At 1 April 2024 Incomlng resources Resources expended Transfers At 31 March 2025 General funds 302,750 29,315 (51,514) 35,815 316.366 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds 311,903 31,421 (40,574) 302,750 18 Analysis of net assets between funds Unrestrlcted Unrestrlcted funds funds general Deslgnated 2025 2025 Total 2025 At 31 March 2025: Intangible fixed assets Tangible assets Current assetsl{liabilities) 1,200 297,055 18,111 1,200 297,055 19.126 1,015 316.366 1,015 317,381 Unrestricted Unrestricted funds funds general Designated 2024 2024 Total 2024 At 31 March 2024.. Intangible fixed assets Tangible assets Current assetsl{liabilities) 1,800 263,452 37,498 1,800 263,452 40,432 2,934 302,750 2,934 305,684 16-
CROMARTY & RESOLIS FILM SOCIETY (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Related party transactions There were no disclosable related party transactions during the year (2024 - none), other than those stated in Note 9. 17